Wall Street brokerages predict that ABM Industries, Inc. (NYSE:ABM) will post $0.34 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for ABM Industries’ earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.34. ABM Industries posted earnings of $0.38 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.5%. The business is scheduled to issue its next earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that ABM Industries will report full-year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.83. For the next year, analysts forecast that the firm will post earnings of $2.07 per share, with EPS estimates ranging from $1.90 to $2.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow ABM Industries.

ABM Industries (NYSE:ABM) last issued its earnings results on Wednesday, December 13th. The business services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.12). The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. ABM Industries had a return on equity of 9.74% and a net margin of 0.07%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS.

A number of equities analysts recently commented on the stock. TheStreet downgraded shares of ABM Industries from a “b” rating to a “c+” rating in a research note on Friday, December 29th. Zacks Investment Research downgraded shares of ABM Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $49.50.

In related news, Director Linda Chavez sold 2,103 shares of the business’s stock in a transaction on 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 directly owns 16,557 shares of the company’s stock, valued at $643,901.73. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Amalgamated Bank lifted its position in ABM Industries by 2.6% in the second quarter. Amalgamated Bank now owns 7,743 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in ABM Industries by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,629 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 229 shares during the last quarter. Victory Capital Management Inc. lifted its position in ABM Industries by 17.7% in the second quarter. Victory Capital Management Inc. now owns 5,209 shares of the business services provider’s stock valued at $216,000 after acquiring an additional 782 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in ABM Industries by 4.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 19,900 shares of the business services provider’s stock valued at $826,000 after acquiring an additional 900 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in ABM Industries by 6.7% in the second quarter. Van ECK Associates Corp now owns 18,086 shares of the business services provider’s stock valued at $751,000 after acquiring an additional 1,138 shares during the last quarter. 94.09% of the stock is owned by hedge funds and other institutional investors.

ABM Industries (ABM) opened at $38.87 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $2,552.44, a price-to-earnings ratio of 555.37 and a beta of 0.81. ABM Industries has a 12 month low of $36.61 and a 12 month high of $45.12.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Thursday, January 4th will be given a $0.175 dividend. The ex-dividend date is Wednesday, January 3rd. This is a boost from ABM Industries’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a yield of 1.80%. ABM Industries’s payout ratio is 1,000.14%.

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

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