Equities research analysts predict that ABM Industries, Inc. (NYSE:ABM) will post $0.62 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for ABM Industries’ earnings. The lowest EPS estimate is $0.61 and the highest is $0.63. ABM Industries posted earnings per share of $0.58 in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is expected to issue its next quarterly earnings report on Tuesday, December 17th.
On average, analysts expect that ABM Industries will report full year earnings of $2.00 per share for the current fiscal year, with EPS estimates ranging from $1.99 to $2.01. For the next financial year, analysts anticipate that the company will report earnings of $2.09 per share, with EPS estimates ranging from $2.03 to $2.15. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover ABM Industries.
ABM Industries (NYSE:ABM) last posted its earnings results on Thursday, September 5th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. ABM Industries had a net margin of 1.37% and a return on equity of 8.90%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis.
A number of analysts have recently issued reports on ABM shares. William Blair started coverage on shares of ABM Industries in a report on Thursday, August 15th. They set a “market perform” rating for the company. Maxim Group set a $50.00 price target on shares of ABM Industries and gave the stock a “buy” rating in a report on Tuesday, September 3rd. ValuEngine downgraded shares of ABM Industries from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Finally, Robert W. Baird set a $38.00 price target on shares of ABM Industries and gave the stock a “hold” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $41.96.
Shares of NYSE ABM traded down $0.04 during midday trading on Thursday, reaching $36.75. 14,148 shares of the stock were exchanged, compared to its average volume of 323,614. The company has a 50 day simple moving average of $36.08 and a 200 day simple moving average of $38.16. The stock has a market capitalization of $2.47 billion, a P/E ratio of 19.45 and a beta of 0.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.50 and a current ratio of 1.50. ABM Industries has a twelve month low of $25.64 and a twelve month high of $42.67.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Thursday, October 3rd will be given a $0.18 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $0.72 annualized dividend and a yield of 1.96%. ABM Industries’s dividend payout ratio is presently 38.10%.
In other news, CAO Dean A. Chin sold 1,329 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $39.95, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Diego Anthony Scaglione sold 1,876 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $41.47, for a total transaction of $77,797.72. The disclosure for this sale can be found here. Insiders sold a total of 6,205 shares of company stock worth $247,981 over the last 90 days. Company insiders own 0.94% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new position in shares of ABM Industries in the 2nd quarter valued at approximately $28,000. Valeo Financial Advisors LLC purchased a new stake in shares of ABM Industries in the second quarter worth approximately $41,000. Point72 Hong Kong Ltd purchased a new stake in shares of ABM Industries in the second quarter worth approximately $48,000. Krane Funds Advisors LLC purchased a new stake in shares of ABM Industries in the second quarter worth approximately $59,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of ABM Industries in the second quarter worth approximately $88,000. Institutional investors and hedge funds own 99.53% 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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