ABM Industries (ABM) Posts Quarterly Results
ABM Industries (NYSE:ABM) announced its earnings results on Wednesday. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01, Analyst RN reports. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share.
A number of analysts have recently weighed in on ABM shares. Analysts at Zacks reiterated a “neutral” rating on shares of ABM Industries in a research note on Wednesday, August 27th. They now have a $28.00 price target on the stock. Analysts at Imperial Capital cut their price target on shares of ABM Industries from $29.50 to $29.00 in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. ABM Industries has a consensus rating of “Buy” and a consensus price target of $29.25.
ABM Industries (NYSE:ABM) traded down 0.67% on Wednesday, hitting $26.57. The stock had a trading volume of 746,475 shares. ABM Industries has a 52-week low of $24.22 and a 52-week high of $29.50. The stock’s 50-day moving average is $25.59 and its 200-day moving average is $26.94. The company has a market cap of $1.488 billion and a P/E ratio of 22.14.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 3rd. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 2.32%.
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility solutions.
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