Limbach (LMB) Projected to Post Earnings on Monday

Limbach (NASDAQ:LMB) is projected to release its earnings data after the market closes on Monday, March 10th. Analysts expect Limbach to post earnings of $0.84 per share and revenue of $149.37 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Limbach Trading Down 0.5 %

LMB stock opened at $72.69 on Friday. The company has a market capitalization of $819.43 million, a PE ratio of 33.04, a P/E/G ratio of 2.22 and a beta of 1.11. Limbach has a 12 month low of $38.03 and a 12 month high of $107.00. The firm’s 50-day moving average is $90.72 and its 200 day moving average is $85.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

Insiders Place Their Bets

In other news, Director David Richard Gaboury purchased 531 shares of the stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the acquisition, the director now owns 2,071 shares of the company’s stock, valued at approximately $195,730.21. This represents a 34.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on LMB. Stifel Nicolaus reduced their price target on shares of Limbach from $117.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday. Lake Street Capital raised their price target on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

About Limbach

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.