Zacks: Analysts Anticipate ABM Industries Incorporated (NYSE:ABM) Will Announce Earnings of $0.95 Per Share

Wall Street analysts forecast that ABM Industries Incorporated (NYSE:ABMGet Rating) will report $0.95 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for ABM Industries’ earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $1.06. ABM Industries reported earnings per share of $0.90 in the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that ABM Industries will report full year earnings of $3.63 per share for the current financial year, with EPS estimates ranging from $3.55 to $3.67. For the next fiscal year, analysts expect that the company will report earnings of $3.93 per share, with EPS estimates ranging from $3.85 to $4.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for ABM Industries.

ABM Industries (NYSE:ABMGet Rating) last released its quarterly earnings results on Wednesday, June 8th. The business services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. ABM Industries had a return on equity of 15.11% and a net margin of 2.06%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the firm posted $0.82 EPS. The business’s revenue was up 26.9% on a year-over-year basis.

A number of research firms recently weighed in on ABM. StockNews.com raised ABM Industries from a “hold” rating to a “buy” rating in a report on Friday, May 13th. Zacks Investment Research lowered ABM Industries from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on ABM Industries from $62.00 to $65.00 in a research report on Wednesday, April 20th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, ABM Industries presently has an average rating of “Buy” and an average price target of $56.67.

In other ABM Industries news, EVP Raul Javier Valentin sold 1,109 shares of ABM Industries stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $45.64, for a total transaction of $50,614.76. Following the transaction, the executive vice president now directly owns 14,337 shares in the company, valued at $654,340.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrea R. Newborn sold 8,619 shares of ABM Industries stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $49.35, for a total value of $425,347.65. Following the transaction, the executive vice president now owns 40,976 shares in the company, valued at $2,022,165.60. The disclosure for this sale can be found here. Insiders sold a total of 22,132 shares of company stock worth $1,049,088 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Operose Advisors LLC acquired a new stake in shares of ABM Industries in the 1st quarter valued at about $41,000. Pinebridge Investments L.P. acquired a new stake in shares of ABM Industries in the 4th quarter valued at about $45,000. Trust Co. of Vermont acquired a new stake in shares of ABM Industries in the 4th quarter valued at about $47,000. KBC Group NV raised its stake in shares of ABM Industries by 146.8% in the 1st quarter. KBC Group NV now owns 2,330 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 1,386 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of ABM Industries by 22.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,117 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 570 shares during the period. Hedge funds and other institutional investors own 94.65% of the company’s stock.

ABM stock traded down $0.63 during midday trading on Friday, reaching $42.85. 4,548 shares of the company’s stock traded hands, compared to its average volume of 391,266. The company has a 50-day simple moving average of $47.71 and a two-hundred day simple moving average of $45.03. ABM Industries has a 1-year low of $38.44 and a 1-year high of $54.00. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 20.12 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.59.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Thursday, July 7th will be given a $0.195 dividend. The ex-dividend date is Wednesday, July 6th. This represents a $0.78 annualized dividend and a dividend yield of 1.82%. ABM Industries’s dividend payout ratio is currently 36.62%.

ABM Industries Company Profile (Get Rating)

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Technology & Manufacturing, Education, Aviation, and Technical Solutions segments. It provides janitorial, facilities engineering, parking, custodial, landscaping and ground, and mechanical and electrical services; and vehicle maintenance and other services to rental car providers.

See Also

Get a free copy of the Zacks research report on ABM Industries (ABM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Want More Great Investing Ideas?

Receive News & Ratings for ABM Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABM Industries and related companies with MarketBeat.com's FREE daily email newsletter.