Equities research analysts predict that Limbach Holdings Inc (NASDAQ:LMB) will announce $142.38 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Limbach’s earnings, with estimates ranging from $141.25 million to $143.50 million. Limbach posted sales of $121.30 million during the same quarter last year, which suggests a positive year over year growth rate of 17.4%. The company is scheduled to announce its next earnings report on Tuesday, November 13th.
According to Zacks, analysts expect that Limbach will report full-year sales of $542.71 million for the current fiscal year, with estimates ranging from $539.83 million to $545.58 million. For the next fiscal year, analysts forecast that the business will report sales of $576.00 million, with estimates ranging from $557.00 million to $595.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Limbach.
Limbach (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, August 14th. The construction company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.22). The business had revenue of $139.53 million for the quarter, compared to analysts’ expectations of $130.00 million. Limbach had a negative net margin of 0.09% and a positive return on equity of 2.71%.
Separately, Zacks Investment Research raised shares of Limbach from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th.
Limbach stock traded up $0.71 during mid-day trading on Monday, reaching $11.21. 6,955 shares of the company’s stock traded hands, compared to its average volume of 25,091. The company has a market cap of $85.55 million, a price-to-earnings ratio of 50.95, a PEG ratio of 1.72 and a beta of -0.15. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.46. Limbach has a 12-month low of $9.25 and a 12-month high of $15.22.
In other news, insider Charles A. Bacon III sold 4,273 shares of the stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $11.17, for a total value of $47,729.41. Following the sale, the insider now owns 255,532 shares of the company’s stock, valued at $2,854,292.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 6,871 shares of company stock worth $76,749. Insiders own 47.90% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Limbach by 169.6% in the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock valued at $430,000 after acquiring an additional 22,900 shares during the period. Acuitas Investments LLC raised its position in shares of Limbach by 227.0% in the 2nd quarter. Acuitas Investments LLC now owns 163,699 shares of the construction company’s stock valued at $1,935,000 after purchasing an additional 113,639 shares during the last quarter. Arbor Wealth Management LLC raised its position in shares of Limbach by 165.9% in the 1st quarter. Arbor Wealth Management LLC now owns 213,553 shares of the construction company’s stock valued at $2,695,000 after purchasing an additional 133,245 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Limbach by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 458,904 shares of the construction company’s stock valued at $5,681,000 after purchasing an additional 11,065 shares during the last quarter. 33.85% of the stock is currently owned by institutional investors and hedge funds.
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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