ABM Industries (ABM) Set to Announce Earnings on Wednesday
ABM Industries (NYSE:ABM) is set to release its earnings data after the market closes on Wednesday, December 13th. Analysts expect ABM Industries to post earnings of $0.49 per share for the quarter.
ABM Industries (NYSE:ABM) last posted its earnings results on Wednesday, September 6th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. ABM Industries had a return on equity of 11.37% and a net margin of 0.29%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. On average, analysts expect ABM Industries to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of ABM Industries (NYSE:ABM) opened at $42.99 on Wednesday. The stock has a market capitalization of $2,778.70, a price-to-earnings ratio of 22.57 and a beta of 0.80. ABM Industries has a 12-month low of $37.12 and a 12-month high of $45.12. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.27.
Several research firms have issued reports on ABM. Zacks Investment Research downgraded ABM Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub downgraded ABM Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Robert W. Baird set a $47.00 target price on ABM Industries and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, KeyCorp upgraded ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research report on Monday, September 11th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $48.20.
ABM Industries Company Profile
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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