Brokerages predict that Limbach Holdings Inc (NASDAQ:LMB) will post earnings of $0.41 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Limbach’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.30. Limbach posted earnings of ($0.12) per share in the same quarter last year, which suggests a positive year over year growth rate of 441.7%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 13th.
On average, analysts expect that Limbach will report full year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $0.47. For the next financial year, analysts expect that the firm will post earnings of $1.51 per share, with EPS estimates ranging from $1.48 to $1.54. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Limbach.
Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, August 14th. The construction company reported $0.09 earnings per share 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 analyst estimates of $130.00 million. Limbach had a positive return on equity of 2.71% and a negative net margin of 0.09%.
In other news, insider Charles A. Bacon III sold 4,273 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $11.17, for a total transaction of $47,729.41. Following the transaction, the insider now owns 255,532 shares of the company’s stock, valued at approximately $2,854,292.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 6,871 shares of company stock worth $76,749 in the last three months. Insiders own 47.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its position in Limbach by 47.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 17,276 shares of the construction company’s stock valued at $195,000 after acquiring an additional 5,521 shares in the last quarter. Renaissance Technologies LLC lifted its position in Limbach by 169.6% in the 2nd 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 in the last quarter. Acuitas Investments LLC lifted its position in 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 acquiring an additional 113,639 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in 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 acquiring an additional 11,065 shares in the last quarter. 33.82% of the stock is currently owned by institutional investors and hedge funds.
LMB stock opened at $9.32 on Tuesday. 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 1 year low of $9.00 and a 1 year high of $15.22.
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.
Recommended Story: Diversification in Your Portfolio
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Limbach Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limbach and related companies with MarketBeat.com's FREE daily email newsletter.