$0.84 Earnings Per Share Expected for ABM Industries Incorporated (NYSE:ABM) This Quarter

Analysts expect ABM Industries Incorporated (NYSE:ABMGet Rating) to post $0.84 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for ABM Industries’ earnings, with estimates ranging from $0.81 to $0.85. ABM Industries reported earnings per share of $0.82 during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.4%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that ABM Industries will report full year earnings of $3.60 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.63. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.92 per share, with EPS estimates ranging from $3.80 to $4.01. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for ABM Industries.

ABM Industries (NYSE:ABMGet Rating) last posted its quarterly earnings results on Tuesday, March 8th. The business services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.79 by $0.15. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.83 billion. ABM Industries had a return on equity of 14.86% and a net margin of 1.91%. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS.

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on ABM Industries from $62.00 to $65.00 in a research note on Wednesday, April 20th. StockNews.com raised ABM Industries from a “hold” rating to a “buy” rating in a research note on Friday, May 13th. Finally, Zacks Investment Research downgraded ABM Industries from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research note on Tuesday, May 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $56.00.

NYSE ABM traded up $0.30 during mid-day trading on Friday, hitting $45.45. The stock had a trading volume of 507,715 shares, compared to its average volume of 523,181. ABM Industries has a 52-week low of $38.44 and a 52-week high of $54.00. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 24.30 and a beta of 1.10. The company has a 50 day simple moving average of $46.90 and a 200 day simple moving average of $45.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.59.

The business also recently declared a quarterly dividend, which was paid on Monday, May 2nd. Shareholders of record on Thursday, April 7th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.72%. The ex-dividend date was Wednesday, April 6th. ABM Industries’s payout ratio is 41.71%.

In other news, EVP Raul Javier Valentin sold 1,109 shares of ABM Industries stock in a transaction on Monday, May 9th. The stock was sold at an average price of $45.64, for a total value of $50,614.76. Following the completion of the sale, the executive vice president now owns 14,337 shares of the company’s stock, valued at $654,340.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Dean A. Chin sold 3,657 shares of ABM Industries stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $48.13, for a total value of $176,011.41. Following the completion of the sale, the chief accounting officer now directly owns 26,052 shares of the company’s stock, valued at approximately $1,253,882.76. The disclosure for this sale can be found here. Insiders have sold 24,140 shares of company stock valued at $1,141,717 in the last three months. 0.54% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Operose Advisors LLC purchased a new stake in shares of ABM Industries during the first quarter worth about $41,000. KBC Group NV purchased a new stake in shares of ABM Industries during the third quarter worth about $42,000. Pinebridge Investments L.P. bought a new stake in ABM Industries in the fourth quarter valued at about $45,000. Trust Co. of Vermont bought a new stake in ABM Industries in the fourth quarter valued at about $47,000. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in ABM Industries by 22.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,117 shares of the business services provider’s stock valued at $127,000 after buying an additional 570 shares during the last quarter. Institutional investors own 94.65% of the company’s stock.

ABM Industries Company Profile (Get Rating)

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Technology & Manufacturing, Education, Aviation, and Technical Solutions segments. It provides janitorial, facilities engineering, parking, custodial, landscaping and ground, and mechanical and electrical services; and vehicle maintenance and other services to rental car providers.

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Earnings History and Estimates for ABM Industries (NYSE:ABM)

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