Limbach Holdings, Inc. (LMB) Expected to Announce Earnings of $0.39 Per Share

Equities research analysts forecast that Limbach Holdings, Inc. (NASDAQ:LMB) will report earnings per share (EPS) of $0.39 for the current quarter, according to Zacks. Three analysts have provided estimates for Limbach’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.45. Limbach posted earnings of ($0.20) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 295%. The business is scheduled to announce its next quarterly earnings results on Monday, April 16th.

On average, analysts expect that Limbach will report full year earnings of $0.15 per share for the current year, with EPS estimates ranging from $0.08 to $0.21. For the next year, analysts expect that the business will report earnings of $0.97 per share, with EPS estimates ranging from $0.85 to $1.04. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Limbach.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, November 14th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.33). Limbach had a negative return on equity of 1.14% and a negative net margin of 0.65%.

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Limbach from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 18th. Roth Capital set a $18.00 price target on Limbach and gave the stock a “buy” rating in a research note on Monday, November 13th.

Shares of Limbach (NASDAQ:LMB) opened at $13.95 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.64. Limbach has a 12 month low of $11.14 and a 12 month high of $15.22.

In other Limbach news, Director Larry G. Swets, Jr. sold 500,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $12.85, for a total transaction of $6,425,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $128,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 82.90% of the company’s stock.

An institutional investor recently bought a new position in Limbach stock. Arbor Wealth Management LLC acquired a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,281 shares of the construction company’s stock, valued at approximately $220,000. Arbor Wealth Management LLC owned about 0.22% of Limbach as of its most recent filing with the Securities and Exchange Commission (SEC). 22.45% of the stock is owned by institutional investors and hedge funds.

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Limbach Company Profile

Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

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