ABM Industries Incorporated (ABM) Set to Announce Quarterly Earnings on Wednesday
ABM Industries Incorporated (NYSE:ABM) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, September 6th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. ABM Industries has set its FY17 guidance at $1.85-1.95 EPS.
ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Wednesday, June 7th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. ABM Industries had a net margin of 0.25% and a return on equity of 11.44%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. On average, analysts expect ABM Industries to post $1.95 EPS for the current fiscal year and $2.22 EPS for the next fiscal year.
ABM Industries Incorporated (NYSE:ABM) opened at 43.81 on Wednesday. ABM Industries Incorporated has a one year low of $37.60 and a one year high of $45.12. The company’s 50-day moving average is $43.62 and its 200-day moving average is $42.60. The firm has a market cap of $2.44 billion, a PE ratio of 194.71 and a beta of 0.80.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Thursday, July 6th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, July 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.55%. ABM Industries’s dividend payout ratio is presently 283.33%.
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A number of equities analysts recently commented on ABM shares. BidaskClub upgraded ABM Industries from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Robert W. Baird reaffirmed an “outperform” rating and issued a $47.00 price target (down from $49.00) on shares of ABM Industries in a research note on Thursday, July 13th. Zacks Investment Research raised ABM Industries from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Monday, June 12th. Finally, Sidoti raised ABM Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $49.00 to $55.00 in a research note on Thursday, July 13th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $48.25.
In related news, SVP Dean A. Chin sold 632 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $44.95, for a total value of $28,408.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Rene Jacobsen sold 950 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $43.95, for a total value of $41,752.50. Following the completion of the sale, the insider now directly owns 16,594 shares in the company, valued at $729,306.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,925 shares of company stock worth $385,575. 1.30% of the stock is owned by insiders.
About ABM Industries
ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.
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