$0.41 Earnings Per Share Expected for Limbach Holdings Inc (LMB) This Quarter
Brokerages expect Limbach Holdings Inc (NASDAQ:LMB) to announce earnings of $0.41 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Limbach’s earnings, with estimates ranging from $0.30 to $0.51. Limbach reported earnings per share of ($0.12) in the same quarter last year, which would indicate a positive year over year growth rate of 441.7%. The business is expected to report its next quarterly earnings results on Tuesday, November 13th.
On average, analysts expect that Limbach will report full year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.35 to $0.70. For the next fiscal year, analysts expect 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 calculations are a mean average based on a survey of research firms that cover Limbach.
Limbach (NASDAQ:LMB) last posted its earnings results on Tuesday, August 14th. The construction company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.22). Limbach had a negative net margin of 0.15% and a positive return on equity of 3.00%. The firm had revenue of $139.53 million during the quarter, compared to analyst estimates of $130.00 million.
LMB opened at $9.98 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.80. Limbach has a 1 year low of $10.33 and a 1 year high of $15.22. The firm has a market capitalization of $79.95 million, a P/E ratio of 45.36, a PEG ratio of 0.87 and a beta of 0.41.
In related news, insider Charles A. Bacon III sold 4,273 shares of the business’s 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 completion of the sale, the insider now owns 255,532 shares of the company’s stock, valued at approximately $2,854,292.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 6,871 shares of company stock valued at $76,749. Company insiders own 47.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new stake in Limbach in the 4th quarter worth $112,000. Renaissance Technologies LLC increased its holdings in Limbach by 169.6% in the 2nd quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock worth $430,000 after acquiring an additional 22,900 shares in the last quarter. Acuitas Investments LLC purchased a new stake in Limbach in the 1st quarter worth $620,000. Argent Capital Management LLC purchased a new stake in Limbach in the 1st quarter worth $1,359,000. Finally, Arbor Wealth Management LLC increased its holdings in Limbach by 165.9% in the 1st quarter. Arbor Wealth Management LLC now owns 213,553 shares of the construction company’s stock worth $2,695,000 after acquiring an additional 133,245 shares in the last quarter. 30.63% of the stock is owned by institutional investors.
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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