ABM Industries (NYSE:ABM) announced its quarterly earnings results on Wednesday, June 5th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06, RTT News reports. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. ABM Industries had a net margin of 1.33% and a return on equity of 8.82%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. ABM Industries updated its FY 2019 guidance to $1.95-2.05 EPS and its FY19 guidance to $1.95-2.05 EPS.
Shares of NYSE ABM traded up $0.36 during trading on Friday, hitting $40.00. The stock had a trading volume of 697,600 shares, compared to its average volume of 473,707. The firm has a market capitalization of $2.58 billion, a P/E ratio of 21.16 and a beta of 0.59. The company’s fifty day moving average price is $38.34. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.61. ABM Industries has a 12 month low of $25.64 and a 12 month high of $41.33.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 5th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.80%. ABM Industries’s payout ratio is 38.10%.
ABM has been the topic of a number of research reports. Maxim Group set a $45.00 target price on shares of ABM Industries and gave the company a “buy” rating in a research report on Friday, April 12th. ValuEngine upgraded shares of ABM Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 7th. Robert W. Baird set a $37.00 target price on shares of ABM Industries and gave the company a “hold” rating in a research report on Thursday, March 7th. Zacks Investment Research upgraded shares of ABM Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, KeyCorp initiated coverage on shares of ABM Industries in a research note on Friday, April 5th. They set a “sector weight” rating and a $36.83 price target for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. ABM Industries has an average rating of “Hold” and an average price target of $40.46.
ABM Industries Company Profile
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.
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