Limbach (LMB) to Release Earnings on Tuesday

Limbach (NASDAQ:LMB) will issue its quarterly earnings data 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 are interested in registering for the company’s conference call can do so using this link.

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

Limbach Stock Performance

LMB stock opened at $76.34 on Monday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. Limbach has a 12 month low of $29.50 and a 12 month high of $87.00. The firm has a 50 day moving average of $74.14 and a two-hundred day moving average of $61.78. The company has a market capitalization of $860.35 million, a price-to-earnings ratio of 34.86, a P/E/G ratio of 2.61 and a beta of 0.98.

Insider Transactions at Limbach

In other Limbach news, Director Joshua Horowitz sold 8,800 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 223,272 shares of the company’s stock, valued at $13,204,306.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 40,072 shares of company stock worth $2,418,821. Company insiders own 10.20% of the company’s stock.

Wall Street Analyst Weigh In

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

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.