Wall Street analysts expect that Limbach Holdings, Inc. (NASDAQ:LMB) will post earnings of $0.39 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Limbach’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.34. Limbach posted earnings per share of ($0.20) in the same quarter last year, which would indicate a positive year-over-year growth rate of 295%. The business is scheduled to issue its next quarterly earnings report on Monday, April 16th.

According to Zacks, analysts expect that Limbach will report full-year earnings of $0.15 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.21. For the next financial year, analysts forecast that the company will post earnings of $0.97 per share, with EPS estimates ranging from $0.85 to $1.04. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Limbach.

Limbach (NASDAQ:LMB) last released 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 net margin of 0.65% and a negative return on equity of 1.14%.

LMB has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Limbach from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Roth Capital set a $18.00 price target on shares of Limbach and gave the company a “buy” rating in a report on Monday, November 13th.

In other Limbach news, Director Larry G. Swets, Jr. sold 500,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $12.85, for a total transaction of $6,425,000.00. Following the completion of the sale, the director now directly owns 10,000 shares in the company, valued at $128,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 82.90% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in Limbach stock. Steward Partners Investment Advisory LLC lifted its stake in Limbach Holdings, Inc. (NASDAQ:LMB) by 108.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,846 shares of the construction company’s stock after buying an additional 4,604 shares during the period. Steward Partners Investment Advisory LLC owned about 0.12% of Limbach worth $122,000 at the end of the most recent reporting period. Institutional investors own 22.45% of the company’s stock.

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

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About Limbach

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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