ABM Industries (NYSE: ABM) is expected to release its results before the market opens on Wednesday, December 15. Analysts expect ABM Industries to post earnings of $ 0.79 per share for the quarter. People who wish to listen to the corporate earnings conference call can do so using this link.
ABM Industries (NYSE: ABM) last released its quarterly earnings data on Tuesday, September 7. The business services provider reported EPS of $ 0.90 for the quarter, beating the consensus estimate of $ 0.81 by $ 0.09 by Thomson Reuters. The company reported $ 1.54 billion in revenue in the quarter, compared to a consensus estimate of $ 1.50 billion. ABM Industries has a net margin of 2.41% and a return on equity of 14.84%. ABM Industries’ revenue for the quarter increased 10.5% year-on-year. During the same period last year, the company earned $ 0.75 per share. On average, analysts expect ABM Industries to post EPS of $ 4 for the current fiscal year and EPS of $ 3 for the next fiscal year.
The ATM opened at $ 45.72 on Wednesday. The company has a 50-day moving average of $ 46.22 and a 200-day moving average of $ 46.55. The company has a market cap of $ 3.07 billion, a PE ratio of 21.36 and a beta of 1.35. ABM Industries has a 12 month low of $ 36.31 and a 12 month high of $ 55.48. The company has a current ratio of 1.45, a quick ratio of 1.45, and a debt ratio of 0.39.
In addition, director Art A. Garcia acquired 1,600 shares in a transaction dated Monday, September 13. The shares were purchased at an average price of $ 46.26 per share, for a total transaction of $ 74,016.00. The acquisition was disclosed in a document filed with the SEC, accessible through this link. Additionally, COO Rene Jacobsen sold 3,092 shares of ABM Industries in a trade on Monday, September 20. The stock was sold for an average price of $ 45, for a total trade of $ 139,140.00. Disclosure of this sale can be found here. 0.47% of the shares are held by company insiders.
Hedge funds have recently increased or reduced their stakes in the company. Morgan Stanley increased its position in shares of ABM Industries by 75.9% in the second quarter. Morgan Stanley now owns 380,239 shares of the business services provider valued at $ 16,863,000 after acquiring an additional 164,051 shares during the period. UBS Group AG increased its position in shares of ABM Industries by 96.7% during the third quarter. UBS Group AG now owns 56,612 shares of the business service provider valued at $ 2,548,000 after purchasing an additional 27,836 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in ABM Industries in the third quarter valued at approximately $ 305,000. Hedge funds and other institutional investors hold 92.04% of the company’s shares.
In addition, Maxim Group reaffirmed the “hold” rating of ABM Industries shares in a report published on Friday, August 27. Two research analysts rated the stock with a conservation rating and three gave the company’s stock a buy rating. According to MarketBeat, ABM Industries currently has an average “Buy” rating and a consensus target price of $ 52.67.
About ABM Industries
ABM Industries, Inc is engaged in the provision of installation services for commercial, industrial and institutional buildings. It operates through the following segments: business and industry, aviation, technology and manufacturing, education and technical solutions. The Business and Industry segment encompasses janitorial, facilities engineering and parking services for commercial real estate and sports and entertainment venues.
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