Equities research analysts predict that ABM Industries Incorporated (NYSE:ABM) will post $0.46 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for ABM Industries’ earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.49. ABM Industries posted earnings per share of $0.51 in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.8%. The company is expected to report its next earnings report after the market closes on Wednesday, December 13th.
According to Zacks, analysts expect that ABM Industries will report full year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $1.88. For the next financial year, analysts forecast that the business will report earnings of $1.92 per share, with EPS estimates ranging from $1.75 to $2.09. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for ABM Industries.
Several analysts have recently issued reports on the stock. Robert W. Baird set a $47.00 target price on shares of ABM Industries and gave the company a “buy” rating in a research report on Thursday, August 24th. BidaskClub upgraded shares of ABM Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded shares of ABM Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, KeyCorp upgraded shares of 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. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. ABM Industries presently has an average rating of “Buy” and an average target price of $48.20.
ABM Industries (NYSE:ABM) opened at $43.33 on Friday. ABM Industries has a fifty-two week low of $37.12 and a fifty-two week high of $45.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market cap of $2,822.34, a price-to-earnings ratio of 22.93 and a beta of 0.80.
In other news, insider Scott J. Giacobbe sold 11,094 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $39.92, for a total value of $442,872.48. Following the sale, the insider now directly owns 59,152 shares of the company’s stock, valued at approximately $2,361,347.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dean A. Chin sold 880 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $42.90, for a total transaction of $37,752.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aperio Group LLC boosted its holdings in shares of ABM Industries by 9.4% in the 2nd quarter. Aperio Group LLC now owns 35,705 shares of the business services provider’s stock valued at $1,482,000 after buying an additional 3,075 shares in the last quarter. Strs Ohio raised its position in ABM Industries by 1.7% during the 2nd quarter. Strs Ohio now owns 29,800 shares of the business services provider’s stock worth $1,237,000 after buying an additional 500 shares during the last quarter. Great West Life Assurance Co. Can raised its position in ABM Industries by 3.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 80,849 shares of the business services provider’s stock worth $3,354,000 after buying an additional 2,888 shares during the last quarter. Texas Permanent School Fund raised its position in ABM Industries by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 40,649 shares of the business services provider’s stock worth $1,688,000 after buying an additional 437 shares during the last quarter. Finally, Sei Investments Co. raised its position in ABM Industries by 8.8% during the 2nd quarter. Sei Investments Co. now owns 34,940 shares of the business services provider’s stock worth $1,450,000 after buying an additional 2,816 shares during the last quarter. Institutional investors own 96.04% of the company’s stock.
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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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