Wall Street analysts forecast that Limbach Holdings Inc (NASDAQ:LMB) will report earnings of $0.12 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Limbach’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.06. Limbach posted earnings of $0.33 per share in the same quarter last year, which would suggest a negative year over year growth rate of 63.6%. The firm is scheduled to issue its next earnings report on Monday, April 1st.

According to Zacks, analysts expect that Limbach will report full year earnings of ($0.85) per share for the current year, with EPS estimates ranging from ($0.90) to ($0.80). For the next financial year, analysts expect that the firm will post earnings of $0.60 per share, with EPS estimates ranging from $0.55 to $0.64. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Limbach.

A number of brokerages have recently weighed in on LMB. Zacks Investment Research upgraded Limbach from a “strong sell” rating to a “hold” rating in a report on Thursday, January 24th. Roth Capital downgraded Limbach from a “buy” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $5.00 in a research note on Wednesday, November 21st. DA Davidson lowered their target price on Limbach from $15.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. Finally, TheStreet downgraded Limbach from a “c” rating to a “d+” rating in a research note on Tuesday, November 20th.

In related news, CEO Charles A. Bacon III purchased 10,610 shares of Limbach stock in a transaction on Friday, February 8th. The stock was bought at an average price of $5.78 per share, with a total value of $61,325.80. Following the completion of the transaction, the chief executive officer now directly owns 273,535 shares of the company’s stock, valued at $1,581,032.30. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charles A. Bacon III purchased 14,390 shares of Limbach stock in a transaction on Tuesday, February 12th. The stock was bought at an average cost of $5.67 per share, with a total value of $81,591.30. Following the transaction, the insider now directly owns 280,535 shares of the company’s stock, valued at $1,590,633.45. The disclosure for this purchase can be found here. Insiders sold 4,277 shares of company stock valued at $17,333 in the last ninety days. Insiders own 47.90% of the company’s stock.

Several large investors have recently made changes to their positions in LMB. AltraVue Capital LLC acquired a new position in shares of Limbach during the 4th quarter worth about $1,771,000. Acuitas Investments LLC lifted its position in shares of Limbach by 52.2% during the 3rd quarter. Acuitas Investments LLC now owns 249,142 shares of the construction company’s stock worth $2,808,000 after purchasing an additional 85,443 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in shares of Limbach during the 4th quarter worth about $190,000. Dimensional Fund Advisors LP lifted its position in shares of Limbach by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 510,351 shares of the construction company’s stock worth $5,752,000 after purchasing an additional 14,416 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Limbach by 70.0% during the 4th quarter. BlackRock Inc. now owns 22,989 shares of the construction company’s stock worth $85,000 after purchasing an additional 9,470 shares during the last quarter. 36.25% of the stock is owned by institutional investors.

Shares of LMB stock opened at $5.65 on Tuesday. Limbach has a 1-year low of $3.56 and a 1-year high of $14.00. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.06. The firm has a market cap of $43.34 million, a PE ratio of 25.68, a price-to-earnings-growth ratio of 0.59 and a beta of 1.66.

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.

Featured Story: Call Option

Get a free copy of the Zacks research report on Limbach (LMB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Limbach Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limbach and related companies with MarketBeat.com's FREE daily email newsletter.