Limbach (LMB) Posts Quarterly Earnings Results, Beats Expectations By $0.37 EPS
Limbach (NASDAQ:LMB) released its quarterly earnings data on Wednesday. The construction company reported $0.28 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.37, Morningstar.com reports. Limbach had a negative net margin of 0.34% and a negative return on equity of 4.13%. The business had revenue of $133.95 million for the quarter, compared to analyst estimates of $129.00 million. Limbach updated its FY 2019 guidance to EPS.
NASDAQ:LMB traded up $1.01 on Thursday, reaching $9.24. The stock had a trading volume of 749 shares, compared to its average volume of 35,371. The firm has a market cap of $62.72 million, a price-to-earnings ratio of -17.29, a price-to-earnings-growth ratio of 0.68 and a beta of 1.88. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. Limbach has a 12-month low of $3.56 and a 12-month high of $12.54.
A number of large investors have recently added to or reduced their stakes in LMB. BlackRock Inc. lifted its stake in shares of Limbach by 7.2% in the first quarter. BlackRock Inc. now owns 24,635 shares of the construction company’s stock worth $187,000 after buying an additional 1,646 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Limbach by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 522,440 shares of the construction company’s stock worth $1,923,000 after buying an additional 12,089 shares in the last quarter. Alambic Investment Management L.P. purchased a new position in shares of Limbach in the fourth quarter worth about $190,000. Finally, AltraVue Capital LLC purchased a new position in shares of Limbach in the fourth quarter worth about $1,771,000. Institutional investors own 29.51% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://theolympiareport.com/2019/05/16/limbach-lmb-posts-quarterly-earnings-results-beats-expectations-by-0-37-eps.html.
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: Return On Assets
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.