$138.00 Million in Sales Expected for Limbach Holdings Inc (NASDAQ:LMB) This Quarter

Equities research analysts expect Limbach Holdings Inc (NASDAQ:LMB) to post sales of $138.00 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Limbach’s earnings. Limbach posted sales of $139.53 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.1%. The business is scheduled 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 financial year, with estimates ranging from $559.95 million to $560.00 million. For the next fiscal year, analysts forecast that the business will post 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 research analysts that that provide coverage for Limbach.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Monday, April 15th. The construction company reported $0.44 EPS for the quarter. Limbach had a net margin of 0.49% and a return on equity of 5.95%. The business had revenue of $151.38 million during the quarter.

Several equities analysts have commented on the company. TheStreet downgraded Virtusa from a “b-” rating to a “c+” rating in a research report on Wednesday, May 29th. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Finally, Roth Capital raised Limbach from a “neutral” rating to a “buy” rating and raised their price objective for the company from $7.00 to $10.00 in a report on Wednesday, April 17th.

Shares of Limbach stock traded up $0.15 on Friday, hitting $9.01. The stock had a trading volume of 32,954 shares, compared to its average volume of 66,127. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.25 and a current ratio of 1.25. Limbach has a one year low of $3.56 and a one year high of $12.18. The firm has a market cap of $67.69 million, a PE ratio of -17.31, a price-to-earnings-growth ratio of 0.51 and a beta of 1.48. The firm has a 50-day moving average of $8.85.

In other Limbach news, Director 1347 Investors Llc sold 25,000 shares of Limbach stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.11, for a total transaction of $277,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 1,104,547 shares of company stock worth $11,244,790. Corporate insiders own 41.90% of the company’s stock.

Large investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Limbach by 70.0% during the fourth quarter. BlackRock Inc. now owns 22,989 shares of the construction company’s stock valued at $85,000 after acquiring an additional 9,470 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in Limbach during the fourth quarter worth $190,000. Finally, Dimensional Fund Advisors LP increased its stake in Limbach by 2.4% during the fourth 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. 29.58% of the stock is owned by institutional investors.

About Limbach

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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