FY2017 Earnings Forecast for Limbach Holdings, Inc. (LMB) Issued By DA Davidson
Limbach Holdings, Inc. (NASDAQ:LMB) – Stock analysts at DA Davidson dropped their FY2017 earnings estimates for shares of Limbach Holdings in a note issued to investors on Wednesday. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings per share of $0.21 for the year, down from their previous forecast of $0.39.
Several other brokerages have also recently weighed in on LMB. Roth Capital set a $18.00 price objective on Limbach Holdings and gave the stock a “buy” rating in a research note on Monday, November 13th. Zacks Investment Research raised Limbach Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, September 23rd.
Shares of Limbach Holdings (NASDAQ:LMB) opened at $11.96 on Monday. Limbach Holdings has a twelve month low of $11.14 and a twelve month high of $15.95. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.64.
A hedge fund recently bought a new stake in Limbach Holdings stock. Arbor Wealth Management LLC bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,281 shares of the construction company’s stock, valued at approximately $220,000. Arbor Wealth Management LLC owned 0.22% of Limbach Holdings at the end of the most recent reporting period. 22.24% of the stock is currently owned by institutional investors and hedge funds.
About Limbach Holdings
Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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