Brokerages Anticipate LMI Aerospace, Inc. (LMIA) Will Post Earnings of $0.07 Per Share

Equities research analysts forecast that LMI Aerospace, Inc. (NASDAQ:LMIA) will report earnings of $0.07 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for LMI Aerospace’s earnings. LMI Aerospace posted earnings of $0.13 per share during the same quarter last year, which would suggest a negative year over year growth rate of 46.2%. The firm is expected to announce its next quarterly earnings report on Monday, August 14th.

According to Zacks, analysts expect that LMI Aerospace will report full-year earnings of $0.28 per share for the current year, with EPS estimates ranging from $0.17 to $0.40. For the next financial year, analysts anticipate that the company will post earnings of $0.82 per share, with EPS estimates ranging from $0.65 to $1.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow LMI Aerospace.

LMI Aerospace (NASDAQ:LMIA) last issued its quarterly earnings data on Wednesday, May 10th. The aerospace company reported ($0.29) EPS for the quarter. The business had revenue of $83.82 million during the quarter. LMI Aerospace had a negative return on equity of 5.84% and a negative net margin of 11.62%.

Several brokerages have commented on LMIA. TheStreet raised shares of LMI Aerospace from a “d+” rating to a “c-” rating in a research report on Monday, May 15th. ValuEngine raised shares of LMI Aerospace from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $8.63.

Shares of LMI Aerospace (LMIA) traded down 0.107% during trading on Thursday, reaching $13.975. 6,204 shares of the company were exchanged. The firm has a 50-day moving average price of $13.94 and a 200-day moving average price of $11.93. The stock’s market capitalization is $189.77 million. LMI Aerospace has a 1-year low of $7.01 and a 1-year high of $14.00.

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Several large investors have recently made changes to their positions in LMIA. TFS Capital LLC purchased a new stake in shares of LMI Aerospace during the first quarter worth $166,000. K2 Principal Fund L.P. purchased a new stake in shares of LMI Aerospace during the first quarter worth $207,000. Gabelli Funds LLC purchased a new stake in shares of LMI Aerospace during the first quarter worth $264,000. Public Employees Retirement System of Ohio purchased a new stake in shares of LMI Aerospace during the first quarter worth $289,000. Finally, Geode Capital Management LLC raised its stake in shares of LMI Aerospace by 49.5% in the first quarter. Geode Capital Management LLC now owns 81,889 shares of the aerospace company’s stock worth $1,128,000 after buying an additional 27,098 shares during the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

LMI Aerospace Company Profile

LMI Aerospace, Inc is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The Company operates in two business segments consisting of its Aerostructures segment and its Engineering Services segment. Its Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits machined and formed close tolerance aluminum, specialty alloy and composite components and higher level assemblies for use by the aerospace and defense industries.

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