ABM Industries (ABM) Issues FY18 Earnings Guidance
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.
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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.
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