Wall Street analysts expect Limbach Holdings Inc (NASDAQ:LMB) to report $138.00 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Limbach’s earnings. Limbach posted sales of $139.53 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.1%. The company is scheduled to issue its next quarterly 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 fiscal year, analysts anticipate that the business will post sales of $604.50 million, with estimates ranging from $589.00 million to $620.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Limbach.
Limbach (NASDAQ:LMB) last announced its earnings results on Wednesday, May 15th. The construction company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.37. Limbach had a return on equity of 5.95% and a net margin of 0.49%. The firm had revenue of $133.95 million during the quarter, compared to analyst estimates of $129.00 million.
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 stock was sold at an average price of $11.11, for a total value of $277,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 1,104,547 shares of company stock worth $11,244,790. 41.90% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Advisor Group Inc. increased its stake in shares of Limbach by 438.4% during the second 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. increased its stake 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 buying an additional 9,470 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Limbach by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 522,440 shares of the construction company’s stock valued at $1,923,000 after buying an additional 12,089 shares during the period. Bailard Inc. purchased a new position in shares of Limbach during the second quarter valued at approximately $194,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Limbach during the second quarter valued at approximately $2,196,000. 29.49% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ LMB traded down $0.40 during trading hours on Monday, hitting $8.38. The company had a trading volume of 1,280 shares, compared to its average volume of 45,357. Limbach has a 52 week low of $3.56 and a 52 week high of $12.18. The company’s 50 day moving average is $8.70. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $67.11 million, a price-to-earnings ratio of -16.10, a price-to-earnings-growth ratio of 0.52 and a beta of 1.48.
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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