Wall Street analysts forecast that ABM Industries, Inc. (NYSE:ABM) will report earnings per share of $0.62 for the current quarter, according to Zacks. Two analysts have made estimates for ABM Industries’ earnings. The highest EPS estimate is $0.63 and the lowest is $0.61. ABM Industries reported earnings per share of $0.58 in the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The company is expected to announce its next earnings report on Tuesday, December 17th.
According to Zacks, analysts expect that ABM Industries will report full-year earnings of $2.00 per share for the current year, with EPS estimates ranging from $1.99 to $2.01. For the next fiscal year, analysts expect that the firm will post earnings of $2.09 per share, with EPS estimates ranging from $2.03 to $2.15. Zacks’ EPS averages are an average based on a survey of analysts that cover ABM Industries.
ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Thursday, September 5th. The business services provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. ABM Industries had a return on equity of 8.90% and a net margin of 1.37%. ABM Industries’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS.
In related news, insider Rene Jacobsen sold 1,500 shares of ABM Industries stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.22, for a total transaction of $57,330.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Dean A. Chin sold 1,329 shares of ABM Industries stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $39.95, for a total value of $53,093.55. Following the transaction, the chief accounting officer now owns 19,976 shares of the company’s stock, valued at approximately $798,041.20. The disclosure for this sale can be found here. Insiders have sold 4,329 shares of company stock valued at $170,184 in the last quarter. 0.94% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Strs Ohio grew its holdings in ABM Industries by 35.7% during the third quarter. Strs Ohio now owns 31,900 shares of the business services provider’s stock worth $1,158,000 after purchasing an additional 8,400 shares during the period. Brookstone Capital Management bought a new position in ABM Industries during the third quarter worth about $284,000. Nisa Investment Advisors LLC grew its holdings in ABM Industries by 3.1% during the third quarter. Nisa Investment Advisors LLC now owns 12,960 shares of the business services provider’s stock worth $471,000 after purchasing an additional 390 shares during the period. Bowling Portfolio Management LLC bought a new position in ABM Industries during the third quarter worth about $288,000. Finally, State of Alaska Department of Revenue grew its holdings in ABM Industries by 125.8% during the third quarter. State of Alaska Department of Revenue now owns 51,024 shares of the business services provider’s stock worth $1,853,000 after purchasing an additional 28,428 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.
Shares of NYSE ABM traded up $0.42 during mid-day trading on Thursday, hitting $38.10. The company had a trading volume of 7,274 shares, compared to its average volume of 309,237. The company has a market capitalization of $2.49 billion, a PE ratio of 20.08 and a beta of 0.63. The firm has a 50-day simple moving average of $36.11 and a two-hundred day simple moving average of $38.18. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58. ABM Industries has a one year low of $25.64 and a one year high of $42.67.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Thursday, October 3rd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, October 2nd. ABM Industries’s payout ratio is 38.10%.
About ABM Industries
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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