ABM Industries, Inc. (NYSE:ABM) – Analysts at KeyCorp increased their Q2 2018 earnings per share (EPS) estimates for ABM Industries in a research note issued on Thursday. KeyCorp analyst J. Box now forecasts that the business services provider will earn $0.49 per share 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 released its quarterly earnings data on Wednesday, December 13th. The business services provider reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.12). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. ABM Industries had a net margin of 0.07% and a return on equity of 9.74%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 EPS.
ABM Industries (ABM) traded down $0.27 during mid-day trading on Monday, reaching $39.50. 370,000 shares of the company’s stock were exchanged, compared to its average volume of 468,121. The firm has a market cap of $2,580.00, a P/E ratio of 28.42 and a beta of 0.81. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.63 and a current ratio of 1.63. ABM Industries has a 12 month low of $36.61 and a 12 month high of $45.12.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Thursday, January 4th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.77%. This is an increase from ABM Industries’s previous quarterly dividend of $0.17. ABM Industries’s dividend payout ratio (DPR) is currently 50.36%.
In other news, Director Linda Chavez sold 2,103 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $38.89, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 purchasing an additional 229 shares during the period. Riverhead Capital Management LLC boosted its position in shares of ABM Industries by 60.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,528 shares of the business services provider’s stock worth $146,000 after purchasing an additional 1,328 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of ABM Industries by 12,666.7% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,830 shares of the business services provider’s stock worth $159,000 after purchasing an additional 3,800 shares during the period. D.A. Davidson & CO. purchased a new position in shares of ABM Industries during the 2nd quarter worth approximately $171,000. Finally, Gofen & Glossberg LLC IL purchased a new position in shares of ABM Industries during the 3rd quarter worth approximately $200,000. 94.55% of the stock is owned by hedge funds and other institutional investors.
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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