Limbach (NASDAQ:LMB) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Limbach (NASDAQ:LMBGet Free Report) released its earnings results on Tuesday. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05, Briefing.com reports. The firm had revenue of $133.90 million during the quarter, compared to the consensus estimate of $129.50 million. Limbach had a net margin of 5.08% and a return on equity of 21.06%. Limbach’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. Limbach updated its FY 2024 guidance to EPS.

Limbach Stock Performance

Shares of NASDAQ LMB traded up $15.88 during mid-day trading on Wednesday, hitting $93.67. The company had a trading volume of 335,134 shares, compared to its average volume of 163,322. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 2.62 and a beta of 0.97. The firm’s 50 day simple moving average is $74.57 and its two-hundred day simple moving average is $62.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.63. Limbach has a 12 month low of $29.55 and a 12 month high of $94.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Roth Mkm increased their price objective on shares of Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research report on Monday.

View Our Latest Report on Limbach

Insider Buying and Selling at Limbach

In other Limbach news, Director Joshua Horowitz sold 5,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $64.02, for a total transaction of $320,100.00. Following the completion of the transaction, the director now directly owns 190,000 shares of the company’s stock, valued at $12,163,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 40,072 shares of company stock worth $2,418,821. 10.20% of the stock is owned by insiders.

Limbach Company Profile

(Get Free Report)

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.

Read More

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.