ABM Industries (NYSE:ABM) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $1.95-2.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.02. ABM Industries also updated its FY 2019 guidance to $1.95-2.05 EPS.
Several research firms recently issued reports on ABM. ValuEngine downgraded shares of ABM Industries from a buy rating to a hold rating in a research report on Thursday, August 1st. Maxim Group reaffirmed a buy rating and set a $50.00 price objective on shares of ABM Industries in a report on Friday, July 19th. Finally, William Blair assumed coverage on shares of ABM Industries in a report on Thursday, August 15th. They set a market perform rating on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $41.71.
ABM traded down $0.98 during mid-day trading on Friday, reaching $36.39. 206,874 shares of the stock were exchanged, compared to its average volume of 300,829. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market capitalization of $2.48 billion, a PE ratio of 19.25 and a beta of 0.64. The company has a 50 day moving average price of $39.53 and a two-hundred day moving average price of $38.01. ABM Industries has a 1 year low of $25.64 and a 1 year high of $42.67.
ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Thursday, September 5th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. ABM Industries had a net margin of 1.33% and a return on equity of 8.82%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. Sell-side analysts expect that ABM Industries will post 2.02 EPS for the current fiscal year.
In other news, CAO Dean A. Chin sold 1,329 shares of ABM Industries stock in a transaction on Monday, August 5th. The stock was sold at an average price of $39.95, for a total transaction of $53,093.55. Following the sale, the chief accounting officer now directly owns 19,976 shares in the company, valued at approximately $798,041.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rene Jacobsen sold 1,500 shares of ABM Industries stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $38.22, for a total value of $57,330.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,904 shares of company stock worth $806,797 over the last quarter. Company insiders own 0.94% of the company’s stock.
ABM Industries Company Profile
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. It operates through Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. The company offers janitorial, electrical and lighting, energy, facilities engineering, HVAC and mechanical, landscape and turf, mission critical, and parking solutions.
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