Wall Street analysts forecast that Limbach Holdings (NASDAQ:LMB) will report sales of $119.75 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Limbach’s earnings, with estimates ranging from $118.00 million to $121.50 million. Limbach reported sales of $115.19 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4%. The company is expected to issue its next earnings results on Monday, May 21st.

According to Zacks, analysts expect that Limbach will report full year sales of $517.33 million for the current fiscal year, with estimates ranging from $510.00 million to $523.00 million. For the next year, analysts expect that the business will report sales of $560.00 million per share. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Limbach.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Monday, April 2nd. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.06). The business had revenue of $131.41 million during the quarter, compared to the consensus estimate of $118.00 million. Limbach had a return on equity of 6.95% and a net margin of 0.10%.

Separately, Zacks Investment Research upgraded Limbach from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a report on Friday, April 6th.

Shares of Limbach stock traded down $0.23 during trading on Wednesday, hitting $12.04. The stock had a trading volume of 46,850 shares, compared to its average volume of 32,568. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.43. The firm has a market cap of $92.54, a price-to-earnings ratio of 54.73, a price-to-earnings-growth ratio of 0.65 and a beta of 0.71. Limbach has a fifty-two week low of $11.14 and a fifty-two week high of $15.22.

Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new stake in shares of Limbach in the fourth quarter valued at $112,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Limbach by 108.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,846 shares of the construction company’s stock valued at $122,000 after buying an additional 4,604 shares during the period. Finally, Arbor Wealth Management LLC lifted its holdings in shares of Limbach by 393.3% in the fourth quarter. Arbor Wealth Management LLC now owns 80,308 shares of the construction company’s stock valued at $1,110,000 after buying an additional 64,027 shares during the period. Institutional investors and hedge funds own 27.61% of the company’s stock.

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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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