Zacks: Analysts Anticipate Limbach Holdings Inc (LMB) Will Announce Quarterly Sales of $140.25 Million

Brokerages expect Limbach Holdings Inc (NASDAQ:LMB) to announce sales of $140.25 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Limbach’s earnings, with the highest sales estimate coming in at $142.00 million and the lowest estimate coming in at $138.50 million. Limbach reported sales of $131.41 million during the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The business is scheduled to issue its next quarterly earnings results on Monday, April 1st.

On average, analysts expect that Limbach will report full year sales of $542.71 million for the current fiscal year, with estimates ranging from $539.83 million to $545.58 million. For the next financial year, analysts expect that the business will report sales of $576.00 million, with estimates ranging from $557.00 million to $595.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Limbach.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Monday, November 19th. The construction company reported ($0.46) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.87). The company had revenue of $135.06 million for the quarter, compared to analysts’ expectations of $142.38 million. Limbach had a negative net margin of 0.78% and a negative return on equity of 5.30%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Limbach from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. TheStreet cut shares of Limbach from a “c” rating to a “d+” rating in a research report on Tuesday, November 20th. DA Davidson cut their price objective on shares of Limbach from $15.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Finally, Roth Capital cut shares of Limbach from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $5.00 in a research report on Wednesday, November 21st.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of Limbach by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 495,935 shares of the construction company’s stock valued at $5,862,000 after acquiring an additional 37,031 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Limbach by 47.0% during the third quarter. Steward Partners Investment Advisory LLC now owns 17,276 shares of the construction company’s stock valued at $195,000 after acquiring an additional 5,521 shares during the last quarter. Acuitas Investments LLC increased its position in shares of Limbach by 52.2% during the third quarter. Acuitas Investments LLC now owns 249,142 shares of the construction company’s stock valued at $2,808,000 after acquiring an additional 85,443 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Limbach by 169.6% during the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock valued at $430,000 after acquiring an additional 22,900 shares during the last quarter. Hedge funds and other institutional investors own 34.67% of the company’s stock.

Shares of NASDAQ LMB traded down $0.02 during mid-day trading on Monday, reaching $4.70. The company’s stock had a trading volume of 115,300 shares, compared to its average volume of 27,172. The stock has a market capitalization of $35.83 million, a price-to-earnings ratio of 21.36 and a beta of 0.71. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.06. Limbach has a 1-year low of $4.51 and a 1-year high of $15.22.

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.

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