Brokerages Expect Limbach Holdings Inc (LMB) Will Post Quarterly Sales of $140.50 Million

Wall Street brokerages expect Limbach Holdings Inc (NASDAQ:LMB) to post sales of $140.50 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Limbach’s earnings, with the lowest sales estimate coming in at $136.00 million and the highest estimate coming in at $145.00 million. Limbach reported sales of $131.41 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. 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 sales of $535.62 million for the current financial year, with estimates ranging from $531.10 million to $540.14 million. For the next fiscal year, analysts forecast that the company will post sales of $562.25 million, with estimates ranging from $551.50 million to $573.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Limbach.

Limbach (NASDAQ:LMB) last issued 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). 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 for the quarter, compared to the consensus estimate of $142.38 million.

LMB has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Limbach from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 27th. DA Davidson cut their price objective on shares of Limbach from $15.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, November 21st. 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 report on Wednesday, November 21st. Finally, TheStreet cut shares of Limbach from a “c” rating to a “d+” rating in a report on Tuesday, November 20th.

Shares of NASDAQ LMB traded up $0.42 during midday trading on Friday, hitting $5.43. 24,200 shares of the company traded hands, compared to its average volume of 25,250. Limbach has a 12-month low of $3.56 and a 12-month high of $14.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $38.49 million, a P/E ratio of 24.73, a P/E/G ratio of 0.53 and a beta of 0.40.

Several hedge funds and other institutional investors have recently modified their holdings of LMB. Acuitas Investments LLC lifted its stake in shares of Limbach by 52.2% in the third quarter. Acuitas Investments LLC now owns 249,142 shares of the construction company’s stock worth $2,808,000 after buying an additional 85,443 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Limbach by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 495,935 shares of the construction company’s stock worth $5,862,000 after buying an additional 37,031 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Limbach by 169.6% in the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock worth $430,000 after buying an additional 22,900 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Limbach by 47.0% in the third quarter. Steward Partners Investment Advisory LLC now owns 17,276 shares of the construction company’s stock worth $195,000 after buying an additional 5,521 shares in the last quarter. Hedge funds and other institutional investors own 38.05% of the company’s stock.

Limbach Company Profile

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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