Limbach (NASDAQ:LMB) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Limbach (NASDAQ:LMB – Get Free Report) posted its quarterly earnings data on Tuesday. The construction company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16, FiscalAI reports. Limbach had a net margin of 4.42% and a return on equity of 23.22%. The company had revenue of $230.46 million during the quarter, compared to analyst estimates of $218.59 million.

Limbach Trading Up 6.4%

Shares of NASDAQ LMB opened at $49.92 on Wednesday. Limbach has a 1-year low of $40.74 and a 1-year high of $114.95. The company has a market cap of $595.55 million, a PE ratio of 19.97 and a beta of 1.37. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $48.86 and a two-hundred day moving average of $71.16.

More Limbach News

Here are the key news stories impacting Limbach this week:

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lowered Limbach from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $60.00 to $50.00 in a research report on Friday, August 21st. Wall Street Zen raised Limbach from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Royal Bank Of Canada set a $50.00 price objective on Limbach in a research report on Friday, August 21st. Stifel Nicolaus reduced their price objective on Limbach from $86.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, Zacks Research raised Limbach from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Limbach currently has a consensus rating of “Hold” and an average target price of $67.50.

View Our Latest Research Report on Limbach

Insider Activity

In related news, Director Joshua Horowitz purchased 4,008 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of $50.71 per share, with a total value of $203,245.68. Following the completion of the purchase, the director directly owned 171,208 shares of the company’s stock, valued at $8,681,957.68. This trade represents a 2.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 7,820 shares of company stock worth $391,002 in the last quarter. 7.00% of the stock is currently owned by corporate insiders.

Limbach Company Profile

(Get Free Report)

Limbach Holdings, Inc (NASDAQ:LMB) provides integrated building systems solutions through its operating subsidiaries, including Limbach Facility Services. The company designs, installs, maintains and services critical mechanical, electrical, plumbing and building automation systems for commercial and institutional facilities.

Limbach’s services include heating, ventilation and air conditioning; plumbing and piping; building controls and automation; energy and sustainability solutions; facility maintenance; and related repair, replacement and retrofit work.

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Earnings History for Limbach (NASDAQ:LMB)

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