Zacks: Brokerages Anticipate Limbach Holdings (LMB) Will Announce Earnings of $0.31 Per Share

Wall Street analysts forecast that Limbach Holdings (NASDAQ:LMB) will report earnings of $0.31 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Limbach’s earnings. Limbach posted earnings per share of $0.10 during the same quarter last year, which indicates a positive year over year growth rate of 210%. The business is expected to issue its next quarterly earnings report on Monday, August 13th.

According to Zacks, analysts expect that Limbach will report full year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.70 to $0.71. For the next financial year, analysts anticipate that the business will post earnings of $1.51 per share, with EPS estimates ranging from $1.48 to $1.54. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Limbach.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, May 15th. The construction company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.65). Limbach had a positive return on equity of 3.00% and a negative net margin of 0.15%. The business had revenue of $120.55 million for the quarter, compared to the consensus estimate of $119.75 million.

LMB has been the subject of several recent analyst reports. Zacks Investment Research upgraded Limbach from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Roth Capital set a $17.00 price target on shares of Limbach and gave the stock a “buy” rating in a report on Sunday, May 20th. Finally, DA Davidson lowered their price target on shares of Limbach from $16.50 to $15.00 and set a “buy” rating for the company in a report on Thursday, May 17th.

Several large investors have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new stake in Limbach in the fourth quarter valued at $112,000. Acuitas Investments LLC acquired a new stake in Limbach in the first quarter valued at $620,000. Arbor Wealth Management LLC grew its holdings in Limbach by 393.3% during the 4th quarter. Arbor Wealth Management LLC now owns 80,308 shares of the construction company’s stock worth $1,110,000 after acquiring an additional 64,027 shares during the period. Argent Capital Management LLC acquired a new stake in Limbach during the 1st quarter worth about $1,359,000. Finally, Dimensional Fund Advisors LP grew its holdings in Limbach by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 458,904 shares of the construction company’s stock worth $5,681,000 after acquiring an additional 11,065 shares during the period. Institutional investors own 30.84% of the company’s stock.

Limbach traded up $0.02, hitting $11.32, on Thursday, according to MarketBeat Ratings. 5 shares of the company’s stock were exchanged, compared to its average volume of 26,371. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.25 and a quick ratio of 1.25. Limbach has a 52 week low of $11.08 and a 52 week high of $15.22. The stock has a market capitalization of $84.55 million, a PE ratio of 51.45, a PEG ratio of 0.92 and a beta of 0.58.

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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