ABM Industries (NYSE:ABM) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.70-1.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.04.

Shares of ABM Industries (NYSE:ABM) traded up $0.05 during trading hours on Wednesday, reaching $43.83. The company had a trading volume of 362,100 shares, compared to its average volume of 317,030. The firm has a market capitalization of $2,851.65, a P/E ratio of 23.16 and a beta of 0.80. ABM Industries has a 1-year low of $37.12 and a 1-year high of $45.12. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.27.

A number of equities research analysts recently issued reports on ABM shares. Zacks Investment Research raised ABM Industries from a strong sell rating to a hold rating in a research report on Tuesday, November 7th. BidaskClub raised ABM Industries from a buy rating to a strong-buy rating in a research report on Saturday, August 26th. KeyCorp raised ABM Industries from a sector weight rating to an overweight rating and set a $48.00 price target on the stock in a research report on Monday, September 11th. Finally, Robert W. Baird set a $47.00 price target on ABM Industries and gave the stock a buy rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $48.20.

In other ABM Industries news, SVP Dean A. Chin sold 880 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $42.90, for a total value of $37,752.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

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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.

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

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