Limbach (LMB) to Release Quarterly Earnings on Tuesday

Limbach (NASDAQ:LMB – Get Rating) will be issuing its quarterly earnings data after the market closes on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Limbach (NASDAQ:LMB – Get Rating) last released its quarterly earnings data on Wednesday, March 16th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $126.81 million during the quarter, compared to analysts’ expectations of $133.00 million. Limbach had a return on equity of 10.15% and a net margin of 1.37%. During the same quarter last year, the firm earned $0.05 earnings per share. On average, analysts expect Limbach to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

LMB traded down $0.04 during trading on Tuesday, reaching $6.26. 3,072 shares of the stock traded hands, compared to its average volume of 18,664. The stock has a market cap of $65.23 million, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.73 and a beta of 1.21. Limbach has a fifty-two week low of $5.83 and a fifty-two week high of $11.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.49 and a quick ratio of 1.49. The stock’s 50-day simple moving average is $6.97 and its two-hundred day simple moving average is $7.55.

LMB has been the subject of a number of analyst reports. StockNews.com initiated coverage on Limbach in a research report on Wednesday, April 27th. They issued a “hold” rating for the company. Roth Capital reaffirmed a “buy” rating on shares of Limbach in a research report on Monday, March 21st. Finally, Zacks Investment Research cut Limbach from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 7th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new position in shares of Limbach during the fourth quarter worth approximately $230,000. Citadel Advisors LLC acquired a new stake in shares of Limbach in the fourth quarter worth $146,000. Morgan Stanley grew its stake in shares of Limbach by 2,169.7% in the first quarter. Morgan Stanley now owns 14,753 shares of the construction company’s stock worth $156,000 after acquiring an additional 14,103 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Limbach in the fourth quarter worth $91,000. Finally, BlackRock Inc. grew its stake in shares of Limbach by 4.7% in the fourth quarter. BlackRock Inc. now owns 32,430 shares of the construction company’s stock worth $291,000 after acquiring an additional 1,457 shares during the last quarter. 41.94% of the stock is currently owned by hedge funds and other institutional investors.

About Limbach (Get Rating)

Limbach Holdings, Inc operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system.

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