Limbach (LMB) to Release Quarterly Earnings on Monday

Limbach (NASDAQ:LMB) is projected to issue its quarterly earnings data after the market closes on Monday, March 10th. Analysts expect the company to announce earnings of $0.84 per share and revenue of $149.37 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Limbach Price Performance

NASDAQ:LMB opened at $83.00 on Monday. The stock has a market capitalization of $935.66 million, a PE ratio of 37.73, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11. Limbach has a 52 week low of $38.03 and a 52 week high of $107.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $91.99 and its 200-day moving average price is $84.69.

Insider Activity

In related news, Director David Richard Gaboury bought 531 shares of Limbach stock in a transaction that occurred on Tuesday, December 10th. The shares were purchased at an average price of $94.51 per share, with a total value of $50,184.81. Following the purchase, the director now owns 2,071 shares in the company, valued at $195,730.21. This represents a 34.48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 10.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LMB. StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Roth Mkm raised their price target on shares of Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Lake Street Capital lifted their price target on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus increased their price objective on Limbach from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, January 24th.

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.