Analysts Anticipate Limbach Holdings Inc (LMB) Will Post Quarterly Sales of $140.50 Million

Brokerages expect that Limbach Holdings Inc (NASDAQ:LMB) will announce $140.50 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Limbach’s earnings. The highest sales estimate is $145.00 million and the lowest is $136.00 million. Limbach posted sales of $131.41 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The firm is scheduled to report its next earnings report on Monday, April 1st.

According to Zacks, analysts expect that Limbach will report full year sales of $535.62 million for the current financial year, with estimates ranging from $531.10 million to $540.14 million. For the next fiscal year, analysts anticipate that the firm will post sales of $562.25 million, with estimates ranging from $551.50 million to $573.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Limbach.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Monday, November 19th. The construction company reported ($0.46) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.87). The company had revenue of $135.06 million for the quarter, compared to analyst estimates of $142.38 million. Limbach had a negative return on equity of 5.30% and a negative net margin of 0.78%.



LMB has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Limbach from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Roth Capital lowered shares of Limbach from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $5.00 in a report on Wednesday, November 21st. DA Davidson dropped their target price on shares of Limbach from $15.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, November 21st. Finally, TheStreet lowered shares of Limbach from a “c” rating to a “d+” rating in a report on Tuesday, November 20th.

Several institutional investors have recently added to or reduced their stakes in LMB. Steward Partners Investment Advisory LLC grew its holdings in shares of Limbach by 47.0% during the third quarter. Steward Partners Investment Advisory LLC now owns 17,276 shares of the construction company’s stock worth $195,000 after buying an additional 5,521 shares in the last quarter. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 22,900 shares during the period. Acuitas Investments LLC grew its holdings in shares of Limbach by 52.2% in the third quarter. Acuitas Investments LLC now owns 249,142 shares of the construction company’s stock valued at $2,808,000 after purchasing an additional 85,443 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Limbach by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 510,351 shares of the construction company’s stock valued at $5,752,000 after purchasing an additional 14,416 shares during the period. 38.05% of the stock is owned by institutional investors and hedge funds.

NASDAQ:LMB traded up $0.42 during trading hours on Friday, reaching $5.43. 24,200 shares of the company were exchanged, compared to its average volume of 25,250. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $38.49 million, a PE ratio of 24.73, a P/E/G ratio of 0.53 and a beta of 0.40. Limbach has a twelve month low of $3.56 and a twelve month high of $14.76.

About Limbach

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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