Limbach (NASDAQ:LMB) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Limbach (NASDAQ:LMB) issued its earnings results on Tuesday. The construction company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05, Briefing.com reports. The company had revenue of $133.90 million during the quarter, compared to analyst estimates of $129.50 million. Limbach had a return on equity of 21.06% and a net margin of 5.08%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. Limbach updated its FY 2024 guidance to EPS.

Limbach Stock Performance

Shares of NASDAQ LMB opened at $100.00 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 42.81, a PEG ratio of 2.52 and a beta of 0.97. The stock’s fifty day simple moving average is $75.75 and its 200 day simple moving average is $62.88. Limbach has a 52-week low of $31.18 and a 52-week high of $100.00.

Wall Street Analyst Weigh In

LMB has been the topic of several recent research reports. StockNews.com raised Limbach from a “hold” rating to a “buy” rating in a report on Wednesday. Roth Mkm lifted their target price on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research note on Monday.

Insider Activity

In other Limbach news, Director Joshua Horowitz sold 12,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $59.17, for a total value of $710,040.00. Following the transaction, the director now owns 237,672 shares in the company, valued at $14,063,052.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 40,072 shares of company stock worth $2,418,821. 10.20% of the stock is 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.