ABM Industries Incorporated (NYSE:ABM) Expected to Post Earnings of $0.84 Per Share

Analysts expect ABM Industries Incorporated (NYSE:ABMGet Rating) to post earnings of $0.84 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for ABM Industries’ earnings, with the lowest EPS estimate coming in at $0.81 and the highest estimate coming in at $0.85. ABM Industries reported earnings of $0.82 per share during the same quarter last year, which indicates a positive year over year growth rate of 2.4%. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that ABM Industries will report full year earnings of $3.60 per share for the current financial year, with EPS estimates ranging from $3.55 to $3.63. For the next fiscal year, analysts anticipate that the company will report earnings of $3.92 per share, with EPS estimates ranging from $3.80 to $4.01. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover 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, topping the consensus estimate of $0.79 by $0.15. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.83 billion. ABM Industries had a net margin of 1.91% and a return on equity of 14.86%. The business’s revenue was up 29.7% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share.

ABM has been the topic of several research reports. Zacks Investment Research raised shares of ABM Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research note on Friday, March 11th. StockNews.com raised shares of ABM Industries from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of ABM Industries from $62.00 to $65.00 in a research note on Wednesday, April 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ABM Industries has an average rating of “Buy” and a consensus price target of $57.67.

In other news, CEO Scott B. Salmirs sold 8,747 shares of the business’s stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $45.40, for a total transaction of $397,113.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Andrea R. Newborn sold 8,619 shares of the business’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $49.35, for a total transaction of $425,347.65. Following the sale, the executive vice president now owns 40,976 shares in the company, valued at approximately $2,022,165.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,374 shares of company stock worth $915,090. Insiders own 0.54% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. KBC Group NV bought a new position in ABM Industries in the 3rd quarter worth about $42,000. Pinebridge Investments L.P. bought a new position in ABM Industries in the 4th quarter worth about $45,000. Trust Co. of Vermont bought a new position in ABM Industries in the 4th quarter worth about $47,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in ABM Industries by 22.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,117 shares of the business services provider’s stock worth $127,000 after purchasing an additional 570 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in ABM Industries in the 1st quarter worth about $175,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

ABM stock opened at $48.27 on Friday. The company has a market capitalization of $3.23 billion, a PE ratio of 25.81 and a beta of 1.23. ABM Industries has a one year low of $38.44 and a one year high of $54.00. The company’s 50 day moving average price is $46.66 and its two-hundred day moving average price is $44.89. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.17 and a current ratio of 1.17.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Thursday, April 7th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, April 6th. ABM Industries’s payout ratio is currently 41.71%.

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.

Further Reading

Get a free copy of the Zacks research report on ABM Industries (ABM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for ABM Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABM Industries and related companies with MarketBeat.com's FREE daily email newsletter.