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.

Earnings History for ABM Industries (NYSE:ABM)

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