ABM Industries, Inc. (NYSE:ABM) – Equities research analysts at KeyCorp lifted their Q2 2018 earnings per share estimates for ABM Industries in a research note issued on Thursday. KeyCorp analyst J. Box now forecasts that the business services provider will post earnings of $0.49 per share for the quarter, up from their prior forecast of $0.47. KeyCorp also issued estimates for ABM Industries’ Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.53 EPS and Q4 2019 earnings at $0.57 EPS.
ABM Industries (NYSE:ABM) last issued its earnings results on Wednesday, December 13th. The business services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.12). ABM Industries had a return on equity of 9.74% and a net margin of 0.07%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year.
ABM Industries (ABM) opened at $39.77 on Monday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.84. ABM Industries has a one year low of $36.61 and a one year high of $45.12. The company has a market cap of $2,605.50, a price-to-earnings ratio of 568.22 and a beta of 0.81.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Thursday, January 4th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.76%. This is an increase from ABM Industries’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, January 3rd. ABM Industries’s payout ratio is presently 1,000.14%.
In other ABM Industries news, Director Linda Chavez sold 2,103 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $38.89, for a total transaction of $81,785.67. Following the transaction, the director now directly owns 16,557 shares of the company’s stock, valued at approximately $643,901.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of ABM. Lee Thomas H Partners LP purchased a new position in ABM Industries during the 3rd quarter valued at $188,691,000. Vaughan Nelson Investment Management L.P. increased its position in ABM Industries by 65.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,235,775 shares of the business services provider’s stock valued at $51,544,000 after purchasing an additional 489,875 shares during the period. Dalton Greiner Hartman Maher & Co. increased its position in ABM Industries by 62.7% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 798,509 shares of the business services provider’s stock valued at $30,120,000 after purchasing an additional 307,846 shares during the period. Allianz Asset Management GmbH increased its position in ABM Industries by 1,354.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 301,971 shares of the business services provider’s stock valued at $12,595,000 after purchasing an additional 281,216 shares during the period. Finally, Koch Industries Inc. purchased a new position in ABM Industries during the 2nd quarter valued at $261,000. 94.55% of the stock is currently owned by institutional investors and hedge funds.
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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