ABM Industries (NYSE:ABM) posted its quarterly earnings results on Wednesday. The business services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.06, RTT News reports. ABM Industries had a net margin of 1.33% and a return on equity of 8.86%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.47 earnings per share. ABM Industries’s revenue for the quarter was up .9% compared to the same quarter last year. ABM Industries updated its FY 2019 guidance to $1.95-2.05 EPS and its FY19 guidance to $1.95-2.05 EPS.
ABM opened at $39.78 on Friday. The company has a market cap of $2.47 billion, a PE ratio of 19.32 and a beta of 0.59. ABM Industries has a 52-week low of $25.64 and a 52-week high of $41.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.81%. ABM Industries’s dividend payout ratio is currently 38.10%.
In other news, COO Scott J. Giacobbe sold 7,143 shares of ABM Industries stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $36.90, for a total transaction of $263,576.70. Following the sale, the chief operating officer now owns 76,545 shares in the company, valued at $2,824,510.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott B. Salmirs sold 10,971 shares of ABM Industries stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $37.50, for a total transaction of $411,412.50. Following the sale, the insider now owns 157,091 shares in the company, valued at approximately $5,890,912.50. The disclosure for this sale can be found here. Insiders have sold 26,872 shares of company stock worth $1,003,677 in the last quarter. Insiders own 0.94% of the company’s stock.
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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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