Wall Street analysts expect that Limbach Holdings Inc (NASDAQ:LMB) will report sales of $138.63 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Limbach’s earnings. The highest sales estimate is $141.25 million and the lowest is $136.00 million. Limbach reported sales of $121.30 million in the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The company is scheduled to report its next earnings results on Tuesday, November 13th.

On average, analysts expect that Limbach will report full-year sales of $532.30 million for the current year. For the next year, analysts anticipate that the company will post sales of $558.50 million per share, with estimates ranging from $557.00 million to $560.00 million. Zacks’ sales averages are an average based on a survey of research firms that cover Limbach.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Tuesday, August 14th. The construction company reported $0.09 EPS for the quarter, missing the Zacks’ 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 the consensus estimate of $130.00 million.

A number of research firms have recently commented on LMB. Roth Capital set a $17.00 price objective on shares of Limbach and gave the company a “buy” rating in a research note on Sunday, May 20th. Zacks Investment Research lowered shares of Limbach from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. Finally, DA Davidson cut their target price on shares of Limbach from $16.50 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, May 17th.

NASDAQ:LMB opened at $9.95 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.25 and a current ratio of 1.25. Limbach has a 52 week low of $10.33 and a 52 week high of $15.22. The firm has a market capitalization of $79.95 million, a PE ratio of 45.23, 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 stock in a transaction on 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 directly owns 255,532 shares of the company’s stock, valued at $2,854,292.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 6,871 shares of company stock worth $76,749. 47.90% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arbor Wealth Management LLC boosted its stake in Limbach by 165.9% during the first 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. Acuitas Investments LLC bought a new position in Limbach during the first quarter worth $620,000. Argent Capital Management LLC bought a new position in Limbach during the first quarter worth $1,359,000. Dimensional Fund Advisors LP boosted its stake in Limbach by 2.5% during the first 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Limbach by 169.6% during the second 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. 30.63% of the stock is currently owned by institutional investors and hedge funds.

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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