Zacks: Analysts Anticipate Limbach Holdings Inc (LMB) Will Post Earnings of $0.12 Per Share

Analysts expect Limbach Holdings Inc (NASDAQ:LMB) to report earnings of $0.12 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Limbach’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.17. Limbach reported earnings per share of $0.33 in the same quarter last year, which would suggest a negative year over year growth rate of 63.6%. The company is scheduled to report its next quarterly earnings report on Monday, April 1st.

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

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

Several analysts have recently weighed in on LMB shares. DA Davidson reduced their target price on Limbach from $15.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, November 21st. Roth Capital downgraded Limbach from a “buy” rating to a “neutral” rating and reduced their target price for the company from $17.00 to $5.00 in a report on Wednesday, November 21st. Zacks Investment Research raised Limbach from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Finally, TheStreet downgraded Limbach from a “c” rating to a “d+” rating in a report on Tuesday, November 20th.

Limbach stock opened at $3.89 on Monday. Limbach has a fifty-two week low of $3.70 and a fifty-two week high of $14.76. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.06.

Institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC raised its stake in Limbach by 47.0% during the 3rd 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. Renaissance Technologies LLC raised its stake in Limbach by 169.6% during the 2nd 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. Acuitas Investments LLC raised its stake in Limbach by 227.0% during the 2nd quarter. Acuitas Investments LLC now owns 163,699 shares of the construction company’s stock valued at $1,935,000 after acquiring an additional 113,639 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Limbach by 8.1% during the 2nd 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. 38.05% of the stock is owned by hedge funds and other institutional investors.

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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