Wall Street brokerages forecast that Limbach Holdings Inc (NASDAQ:LMB) will announce $141.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Limbach’s earnings, with the lowest sales estimate coming in at $140.00 million and the highest estimate coming in at $142.00 million. Limbach posted sales of $135.06 million during the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The firm is expected to report its next earnings results on Monday, November 18th.
On average, analysts expect that Limbach will report full-year sales of $559.85 million for the current financial year, with estimates ranging from $559.75 million to $559.95 million. For the next financial year, analysts expect that the business will report sales of $606.00 million, with estimates ranging from $592.00 million to $620.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Limbach.
Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Wednesday, August 14th. The construction company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.32). Limbach had a net margin of 0.09% and a return on equity of 2.21%. The business had revenue of $132.75 million during the quarter, compared to the consensus estimate of $138.00 million.
A number of equities analysts have recently weighed in on LMB shares. Zacks Investment Research cut shares of Limbach from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 22nd. TheStreet cut shares of Limbach from a “c” rating to a “d” rating in a research report on Friday, September 6th. Finally, DA Davidson reduced their price target on shares of Limbach to $9.00 and set a “buy” rating on the stock in a research report on Monday, August 19th.
Several large investors have recently modified their holdings of the stock. Advisor Group Inc. raised its holdings in shares of Limbach by 438.4% during the second quarter. Advisor Group Inc. now owns 2,886 shares of the construction company’s stock worth $26,000 after acquiring an additional 2,350 shares during the period. LPL Financial LLC increased its stake in Limbach by 10.8% in the 2nd quarter. LPL Financial LLC now owns 40,519 shares of the construction company’s stock valued at $369,000 after buying an additional 3,954 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Limbach by 690.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,900 shares of the construction company’s stock valued at $65,000 after buying an additional 6,900 shares during the last quarter. Alambic Investment Management L.P. increased its stake in Limbach by 44.7% in the 2nd quarter. Alambic Investment Management L.P. now owns 34,641 shares of the construction company’s stock valued at $315,000 after buying an additional 10,700 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in Limbach in the 2nd quarter valued at $194,000. Institutional investors and hedge funds own 36.30% of the company’s stock.
Shares of NASDAQ LMB traded up $0.16 during midday trading on Friday, reaching $4.84. 100 shares of the stock were exchanged, compared to its average volume of 22,097. The business has a 50-day simple moving average of $4.83 and a two-hundred day simple moving average of $7.57. The company has a market capitalization of $35.76 million, a price-to-earnings ratio of -9.25, a P/E/G ratio of 0.53 and a beta of 1.75. Limbach has a 12 month low of $3.56 and a 12 month high of $11.45. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.29.
Limbach Company Profile
Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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