Limbach (NASDAQ:LMB) Posts Earnings Results, Beats Estimates By $0.31 EPS

Limbach (NASDAQ:LMB) posted its quarterly earnings results on Monday. The construction company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.31, Zacks reports. The company had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS. Limbach updated its FY 2025 guidance to EPS.

Limbach Stock Performance

Shares of Limbach stock opened at $68.92 on Tuesday. The stock’s fifty day simple moving average is $90.72 and its 200 day simple moving average is $85.38. The company has a market capitalization of $776.94 million, a PE ratio of 31.33, a PEG ratio of 2.22 and a beta of 1.18. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach has a 12 month low of $38.03 and a 12 month high of $107.00.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Lake Street Capital increased their price target on Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Stifel Nicolaus dropped their price objective on Limbach from $117.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday. Finally, StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

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.