ABM Industries Incorporated (NYSE:ABM) – Analysts at KeyCorp issued their Q4 2018 earnings per share estimates for ABM Industries in a research report issued to clients and investors on Sunday. KeyCorp analyst J. Box forecasts that the business services provider will post earnings of $0.54 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $48.00 target price on the stock. KeyCorp also issued estimates for ABM Industries’ FY2019 earnings at $2.10 EPS.

A number of other equities analysts have also commented on ABM. Robert W. Baird set a $50.00 price objective on ABM Industries and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research raised ABM Industries from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Monday, June 12th. Sidoti raised ABM Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $55.00 in a research note on Thursday, July 13th. Finally, BidaskClub raised ABM Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $48.20.

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ABM Industries (NYSE:ABM) traded down 0.97% on Wednesday, reaching $39.62. The company had a trading volume of 121,782 shares. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 176.09 and a beta of 0.79. ABM Industries has a 12 month low of $37.12 and a 12 month high of $45.12. The company’s 50 day moving average price is $43.70 and its 200-day moving average price is $42.80.

ABM Industries (NYSE:ABM) last released its earnings results on Wednesday, September 6th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. ABM Industries had a return on equity of 11.37% and a net margin of 0.29%. ABM Industries’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ABM Industries by 65.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,400 shares of the business services provider’s stock valued at $105,000 after buying an additional 946 shares during the period. Elkfork Partners LLC lifted its stake in ABM Industries by 2.5% in the first quarter. Elkfork Partners LLC now owns 2,750 shares of the business services provider’s stock valued at $120,000 after buying an additional 66 shares during the period. Riverhead Capital Management LLC lifted its stake in ABM Industries by 60.4% in the second quarter. Riverhead Capital Management LLC now owns 3,528 shares of the business services provider’s stock valued at $146,000 after buying an additional 1,328 shares during the period. Meadow Creek Investment Management LLC lifted its stake in ABM Industries by 2.5% in the first quarter. Meadow Creek Investment Management LLC now owns 3,500 shares of the business services provider’s stock valued at $153,000 after buying an additional 84 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its stake in ABM Industries by 12,666.7% in the second quarter. Hillsdale Investment Management Inc. now owns 3,830 shares of the business services provider’s stock valued at $159,000 after buying an additional 3,800 shares during the period. 91.49% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Dean A. Chin sold 632 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $44.95, for a total transaction of $28,408.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James P. Mcclure sold 1,970 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $40.87, for a total value of $80,513.90. The disclosure for this sale can be found here. Insiders have sold 17,099 shares of company stock worth $699,995 in the last ninety days. 1.30% of the stock is currently owned by insiders.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, October 5th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, October 4th. ABM Industries’s dividend payout ratio (DPR) is presently 251.86%.

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.

Earnings History and Estimates for ABM Industries (NYSE:ABM)

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