Limbach (NASDAQ:LMB) Issues Quarterly Earnings Results

Limbach (NASDAQ:LMB) announced its quarterly earnings data on Monday. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.82, Zacks reports. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business had revenue of $133.11 million during the quarter, compared to analyst estimates of $121.06 million. During the same period last year, the firm posted $0.69 EPS. The company’s revenue was up 11.9% on a year-over-year basis. Limbach updated its FY 2025 guidance to EPS.

Limbach Stock Performance

Limbach stock opened at $103.33 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach has a twelve month low of $43.78 and a twelve month high of $109.33. The company’s 50-day moving average price is $81.09 and its 200-day moving average price is $88.09. The company has a market cap of $1.20 billion, a PE ratio of 46.97, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08.

Insider Buying and Selling

In related news, Director Joshua Horowitz sold 25,400 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the sale, the director now directly owns 164,600 shares in the company, valued at $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on LMB shares. Lake Street Capital lifted their price target on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 target price on Limbach in a report on Wednesday, March 12th.

Limbach Company Profile

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.