Limbach (LMB) to Release Earnings on Tuesday

Limbach (NASDAQ:LMB) is scheduled to announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Limbach has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. Limbach had a return on equity of 21.06% and a net margin of 5.08%. The firm had revenue of $122.24 million during the quarter, compared to analyst estimates of $123.50 million. During the same period in the prior year, the company posted $0.46 earnings per share. On average, analysts expect Limbach to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Limbach Stock Up 0.5 %

LMB opened at $76.34 on Monday. The firm has a market cap of $860.35 million, a price-to-earnings ratio of 34.86, a PEG ratio of 2.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.63 and a current ratio of 1.63. The firm’s 50-day simple moving average is $74.14 and its 200-day simple moving average is $61.78. Limbach has a twelve month low of $29.50 and a twelve month high of $87.00.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th.

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 8,800 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $59.14, for a total value of $520,432.00. Following the completion of the sale, the director now directly owns 223,272 shares in the company, valued at approximately $13,204,306.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 40,072 shares of company stock valued at $2,418,821. 10.20% of the stock is currently owned by corporate insiders.

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.