Limbach (LMB) Announces Quarterly Earnings Results

Limbach (NASDAQ:LMB) posted its earnings results on Wednesday. The construction company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.37, Morningstar.com reports. Limbach had a negative net margin of 0.34% and a negative return on equity of 4.13%. The business had revenue of $133.95 million for the quarter, compared to analysts’ expectations of $129.00 million. Limbach updated its FY 2019 guidance to EPS.

NASDAQ LMB traded up $0.59 on Thursday, hitting $8.82. The stock had a trading volume of 876 shares, compared to its average volume of 35,371. Limbach has a 52-week low of $3.56 and a 52-week high of $12.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $62.72 million, a PE ratio of -16.83, a P/E/G ratio of 0.68 and a beta of 1.88.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alambic Investment Management L.P. bought a new position in shares of Limbach during the 4th quarter valued at $190,000. AltraVue Capital LLC bought a new position in shares of Limbach during the 4th quarter valued at $1,771,000. Dimensional Fund Advisors LP grew its holdings in shares of Limbach by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 510,351 shares of the construction company’s stock valued at $5,752,000 after purchasing an additional 14,416 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Limbach by 70.0% during the 4th quarter. BlackRock Inc. now owns 22,989 shares of the construction company’s stock valued at $85,000 after purchasing an additional 9,470 shares during the last quarter. Institutional investors and hedge funds own 29.51% of the company’s stock.

LMB has been the topic of several recent analyst reports. Roth Capital upgraded shares of Limbach from a “neutral” rating to a “buy” rating and increased their target price for the stock from $7.00 to $10.00 in a research note on Wednesday, April 17th. Zacks Investment Research upgraded shares of Limbach from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 24th.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.thestockobserver.com/2019/05/16/limbach-lmb-announces-quarterly-earnings-results.html.

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.

Featured Article: What is a recession?

Earnings History for Limbach (NASDAQ:LMB)

Receive News & Ratings for Limbach Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limbach and related companies with MarketBeat.com's FREE daily email newsletter.