Limbach (NASDAQ:LMB) Announces Earnings Results

Limbach (NASDAQ:LMB) posted its earnings results on Monday. The construction company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.31, Zacks reports. The firm had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business’s quarterly revenue was up .7% on a year-over-year basis.

Limbach Trading Down 5.2 %

Limbach stock traded down $3.77 during trading hours on Monday, reaching $68.92. The stock had a trading volume of 242,637 shares, compared to its average volume of 188,334. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The company has a fifty day simple moving average of $90.72 and a 200-day simple moving average of $85.38. The stock has a market cap of $776.94 million, a PE ratio of 31.33, a PEG ratio of 2.22 and a beta of 1.18. Limbach has a 52 week low of $38.03 and a 52 week high of $107.00.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Lake Street Capital upped their target price on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, 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 report on Friday.

Insider Activity at Limbach

In related news, Director David Richard Gaboury purchased 531 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average price of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the acquisition, the director now directly owns 2,071 shares in the company, valued at approximately $195,730.21. The trade was a 34.48 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.20% of the stock is owned by company insiders.

Limbach Company Profile

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.