Wall Street analysts predict that Limbach Holdings Inc (NASDAQ:LMB) will report $138.00 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Limbach’s earnings. Limbach reported sales of $139.53 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The company is expected to issue its next earnings report on Tuesday, August 13th.
According to Zacks, analysts expect that Limbach will report full-year sales of $559.98 million for the current year, with estimates ranging from $559.95 million to $560.00 million. For the next financial year, analysts expect that the firm will report sales of $604.50 million, with estimates ranging from $589.00 million to $620.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Limbach.
Limbach (NASDAQ:LMB) last released its quarterly earnings results on Wednesday, May 15th. The construction company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.37. Limbach had a return on equity of 5.95% and a net margin of 0.49%. The business had revenue of $133.95 million for the quarter, compared to analysts’ expectations of $129.00 million.
In other Limbach news, insider 1347 Investors Llc sold 545,785 shares of Limbach stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $10.63, for a total value of $5,801,694.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 1,104,547 shares of company stock worth $11,244,790 in the last quarter. Company insiders own 41.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. boosted its stake in shares of Limbach by 438.4% during the 2nd quarter. Advisor Group Inc. now owns 2,886 shares of the construction company’s stock valued at $26,000 after buying an additional 2,350 shares during the period. BlackRock Inc. lifted its stake in shares of Limbach by 70.0% in the 4th quarter. BlackRock Inc. now owns 22,989 shares of the construction company’s stock valued at $85,000 after purchasing an additional 9,470 shares during the last quarter. Bailard Inc. acquired a new position in Limbach during the 2nd quarter worth $194,000. Dimensional Fund Advisors LP lifted its position in Limbach by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 522,440 shares of the construction company’s stock worth $1,923,000 after acquiring an additional 12,089 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Limbach during the 2nd quarter worth $2,196,000. Hedge funds and other institutional investors own 29.19% of the company’s stock.
LMB stock traded up $0.13 on Monday, reaching $8.78. The company had a trading volume of 14,751 shares, compared to its average volume of 44,497. Limbach has a 1 year low of $3.56 and a 1 year high of $12.18. The company has a market capitalization of $67.87 million, a P/E ratio of -16.88, a P/E/G ratio of 0.52 and a beta of 1.48. The firm’s fifty day moving average price is $8.70. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.70.
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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