Analysts Anticipate Limbach Holdings Inc (LMB) Will Post Quarterly Sales of $130.00 Million

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Equities research analysts predict that Limbach Holdings Inc (NASDAQ:LMB) will report sales of $130.00 million for the current quarter, Zacks reports. Two analysts have made estimates for Limbach’s earnings, with the lowest sales estimate coming in at $128.00 million and the highest estimate coming in at $132.00 million. Limbach posted sales of $117.84 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The company is expected to announce its next quarterly earnings results on Monday, August 13th.

According to Zacks, analysts expect that Limbach will report full year sales of $526.68 million for the current year, with estimates ranging from $521.05 million to $532.30 million. For the next fiscal 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 Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Limbach.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Tuesday, May 15th. The construction company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.65). The company had revenue of $120.55 million during the quarter, compared to analyst estimates of $119.75 million. Limbach had a positive return on equity of 3.00% and a negative net margin of 0.15%.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Limbach from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research report on Friday, April 6th. DA Davidson decreased their target price on shares of Limbach from $16.50 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, May 17th. Finally, Roth Capital set a $17.00 target price on shares of Limbach and gave the company a “buy” rating in a research report on Sunday, May 20th.

Several institutional investors have recently modified their holdings of LMB. Macquarie Group Ltd. acquired a new stake in shares of Limbach during the 4th quarter valued at about $112,000. Arbor Wealth Management LLC boosted its position in shares of Limbach by 393.3% during the 4th quarter. Arbor Wealth Management LLC now owns 80,308 shares of the construction company’s stock valued at $1,110,000 after acquiring an additional 64,027 shares in the last quarter. Argent Capital Management LLC acquired a new stake in shares of Limbach during the 1st quarter valued at about $1,359,000. Acuitas Investments LLC acquired a new stake in shares of Limbach during the 1st quarter valued at about $620,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Limbach by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 458,904 shares of the construction company’s stock valued at $5,681,000 after acquiring an additional 11,065 shares in the last quarter. Institutional investors and hedge funds own 30.84% of the company’s stock.

Limbach traded down $0.19, hitting $10.79, during midday trading on Friday, according to Marketbeat Ratings. The company had a trading volume of 32,946 shares, compared to its average volume of 27,906. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $83.57 million, a price-to-earnings ratio of 49.05, a P/E/G ratio of 0.91 and a beta of 0.58. Limbach has a fifty-two week low of $10.83 and a fifty-two week high of $15.22.

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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