DA Davidson Weighs in on Limbach Holdings Inc’s Q1 2019 Earnings (LMB)

Limbach Holdings Inc (NASDAQ:LMB) – Equities research analysts at DA Davidson issued their Q1 2019 earnings per share (EPS) estimates for shares of Limbach in a report issued on Tuesday, November 20th. DA Davidson analyst B. Thielman forecasts that the construction company will post earnings per share of ($0.27) for the quarter. DA Davidson currently has a “Buy” rating and a $8.00 target price on the stock. DA Davidson also issued estimates for Limbach’s Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.30 EPS and FY2020 earnings at $1.18 EPS.

Several other equities analysts have also commented on LMB. Zacks Investment Research lowered Limbach from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Roth Capital lowered Limbach from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $17.00 to $5.00 in a research report on Wednesday. Finally, TheStreet lowered Limbach from a “c” rating to a “d+” rating in a research report on Tuesday.

Shares of Limbach stock opened at $4.80 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 0.99. The stock has a market cap of $36.83 million, a PE ratio of 21.82, a PEG ratio of 0.74 and a beta of 0.71. Limbach has a 12 month low of $4.78 and a 12 month high of $15.22.

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

A number of institutional investors and hedge funds have recently bought and sold shares of LMB. Acuitas Investments LLC grew its position in Limbach by 227.0% during the 2nd quarter. Acuitas Investments LLC now owns 163,699 shares of the construction company’s stock worth $1,935,000 after acquiring an additional 113,639 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Limbach by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 495,935 shares of the construction company’s stock worth $5,862,000 after acquiring an additional 37,031 shares during the last quarter. Renaissance Technologies LLC grew its position in Limbach by 169.6% during the 2nd quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock worth $430,000 after acquiring an additional 22,900 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position 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 worth $195,000 after acquiring an additional 5,521 shares during the last quarter. Institutional investors and hedge funds own 34.67% of the company’s stock.

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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Earnings History and Estimates for Limbach (NASDAQ:LMB)

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