Analysts Expect Limbach Holdings Inc (LMB) to Announce $0.41 EPS

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Equities research analysts predict that Limbach Holdings Inc (NASDAQ:LMB) will post $0.41 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Limbach’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.51. Limbach reported earnings of ($0.12) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 441.7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 13th.

According to Zacks, 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 anticipate that the business 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 calculations are an 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 for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 2.71% and a negative net margin of 0.09%.

Separately, Zacks Investment Research upgraded Limbach from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th.

NASDAQ LMB opened at $9.38 on Tuesday. The firm has a market cap of $70.75 million, a PE ratio of 42.64, a price-to-earnings-growth ratio of 1.42 and a beta of -0.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12. Limbach has a twelve month low of $8.76 and a twelve month high of $15.22.

In related news, insider Charles A. Bacon III sold 4,273 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $11.17, for a total transaction of $47,729.41. Following the completion of the transaction, the insider now directly owns 255,532 shares in the company, valued at approximately $2,854,292.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 6,871 shares of company stock valued at $76,749 over the last 90 days. 47.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in LMB. Steward Partners Investment Advisory LLC raised 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 purchasing an additional 5,521 shares in the last quarter. Renaissance Technologies LLC raised 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 purchasing an additional 22,900 shares in the last quarter. Acuitas Investments LLC raised 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 purchasing an additional 113,639 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised 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 purchasing an additional 11,065 shares in the last quarter. Institutional investors own 33.89% of the company’s stock.

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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