ABM Industries, Inc. (NYSE:ABM) – Analysts at William Blair issued their Q3 2019 EPS estimates for ABM Industries in a research note issued on Thursday, August 15th, according to Zacks Investment Research. William Blair analyst T. Mulrooney anticipates that the business services provider will post earnings per share of $0.58 for the quarter. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for ABM Industries’ Q4 2019 earnings at $0.63 EPS, FY2019 earnings at $2.00 EPS and FY2020 earnings at $2.18 EPS.
ABM Industries (NYSE:ABM) last released its quarterly earnings data on Wednesday, June 5th. The business services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.06. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. ABM Industries had a net margin of 1.33% and a return on equity of 8.82%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share.
Several other brokerages also recently commented on ABM. ValuEngine downgraded shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of ABM Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, Maxim Group restated a “buy” rating and set a $50.00 price target on shares of ABM Industries in a research report on Friday, July 19th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.71.
Shares of ABM stock opened at $36.84 on Monday. The firm has a 50-day moving average of $40.55 and a 200-day moving average of $37.90. The company has a market cap of $2.55 billion, a P/E ratio of 19.49 and a beta of 0.62. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.50 and a quick ratio of 1.50. ABM Industries has a one year low of $25.64 and a one year high of $42.67.
The business also recently declared a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Friday, July 5th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.72 annualized dividend and a yield of 1.95%. ABM Industries’s payout ratio is currently 38.10%.
In other ABM Industries news, CAO Dean A. Chin sold 1,329 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $39.95, for a total transaction of $53,093.55. Following the completion of the transaction, the chief accounting officer now owns 19,976 shares in the company, valued at $798,041.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rene Jacobsen sold 1,500 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $39.84, for a total transaction of $59,760.00. Following the transaction, the executive vice president now owns 35,850 shares of the company’s stock, valued at approximately $1,428,264. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,404 shares of company stock valued at $749,467. 0.94% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. State of Alaska Department of Revenue boosted its position in shares of ABM Industries by 1.3% in the second quarter. State of Alaska Department of Revenue now owns 22,596 shares of the business services provider’s stock valued at $903,000 after acquiring an additional 281 shares during the period. Van ECK Associates Corp raised its stake in ABM Industries by 1.1% in the second quarter. Van ECK Associates Corp now owns 31,900 shares of the business services provider’s stock valued at $1,276,000 after purchasing an additional 333 shares in the last quarter. Investors Research Corp raised its stake in ABM Industries by 11.3% in the second quarter. Investors Research Corp now owns 3,450 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 350 shares in the last quarter. Novare Capital Management LLC raised its stake in ABM Industries by 0.3% in the first quarter. Novare Capital Management LLC now owns 123,075 shares of the business services provider’s stock valued at $4,474,000 after purchasing an additional 385 shares in the last quarter. Finally, Holocene Advisors LP raised its stake in ABM Industries by 5.0% in the second quarter. Holocene Advisors LP now owns 9,094 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 98.64% of the company’s stock.
About ABM Industries
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. It operates through Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. The company offers janitorial, electrical and lighting, energy, facilities engineering, HVAC and mechanical, landscape and turf, mission critical, and parking solutions.