ABM Industries (ABM) Issues FY13 Earnings Guidance
ABM Industries (ABM) updated its FY13 earnings guidance on Monday. The company provided EPS guidance of $1.35-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.37.
A number of research firms have also recently commented on ABM. Analysts at Imperial Capital raised their price target on shares of ABM Industries from $19.00 to $20.00 in a research note to investors on Tuesday, December 18th. They now have an in-line rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of ABM Industries in a research note to investors on Friday, December 14th. They now have a $21.00 price target on the stock. Finally, analysts at KeyBanc upgraded shares of ABM Industries from a hold rating to a buy rating in a research note to investors on Wednesday, December 12th. They now have a $25.00 price target on the stock.
Two investment analysts have rated the stock with a buy rating, and four have issued a hold rating to the stock. ABM Industries presently has an average rating of overweight and a consensus target price of $23.25.
Shares of ABM Industries (ABM) traded up 0.04% during mid-day trading on Monday, hitting $22.74. ABM Industries (ABM) has a 52 week low of $17.85 and a 52 week high of $24.61. The stock’s 50-day moving average is currently $21.95. The company has a market cap of $1.237 billion and a P/E ratio of 19.97.
ABM Industries last released its earnings data on Monday, March 4th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.22 earnings per share. ABM Industries’s revenue was up 10.1% compared to the same quarter last year. ABM Industries has set its FY13 guidance at $1.35-1.45 EPS. Analysts expect that ABM Industries (ABM) will post $1.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, May 6th. Investors of record on Thursday, April 4th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.64%.
ABM Industries Incorporated (ABM), through its subsidiaries is a provider of facility services in the United States.
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