ABM Industries, Inc. (NYSE:ABM) – Equities research analysts at KeyCorp raised their Q2 2018 earnings estimates for shares of ABM Industries in a report issued on Thursday. KeyCorp analyst J. Box now anticipates that the business services provider will post earnings per share of $0.49 for the quarter, up from their prior estimate 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 quarterly earnings results on Wednesday, December 13th. The business services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.12). The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. ABM Industries had a net margin of 0.07% and a return on equity of 9.74%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share.
Shares of ABM Industries (NYSE ABM) traded down $0.27 during trading on Monday, reaching $39.50. 370,000 shares of the company were exchanged, compared to its average volume of 468,121. The stock has a market cap of $2,580.00, a price-to-earnings ratio of 28.42 and a beta of 0.81. ABM Industries has a 1 year low of $36.61 and a 1 year high of $45.12. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 1.63.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank increased its holdings in shares of ABM Industries by 2.6% during the 2nd quarter. Amalgamated Bank now owns 7,743 shares of the business services provider’s stock worth $321,000 after buying an additional 196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of ABM Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,629 shares of the business services provider’s stock worth $109,000 after buying an additional 229 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of ABM Industries by 4.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 19,900 shares of the business services provider’s stock worth $826,000 after buying an additional 900 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of ABM Industries by 6.7% during the 2nd quarter. Van ECK Associates Corp now owns 18,086 shares of the business services provider’s stock worth $751,000 after buying an additional 1,138 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of ABM Industries by 4.0% during the 3rd quarter. Strs Ohio now owns 31,000 shares of the business services provider’s stock worth $1,293,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 94.55% of the company’s stock.
In other ABM Industries news, Director Linda Chavez sold 2,103 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $38.89, for a total value of $81,785.67. Following the completion of the sale, the director now owns 16,557 shares in the company, valued at approximately $643,901.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Thursday, January 4th will be issued a $0.175 dividend. This is an increase from ABM Industries’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, January 3rd. This represents a $0.70 dividend on an annualized basis and a yield of 1.77%. ABM Industries’s dividend payout ratio is presently 50.36%.
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ABM Industries Company Profile
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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