ABM Industries, Inc. (NYSE:ABM) – Investment analysts at William Blair boosted their Q1 2020 earnings per share (EPS) estimates for ABM Industries in a research note issued on Monday, February 10th. William Blair analyst T. Mulrooney now expects that the business services provider will earn $0.34 per share for the quarter, up from their previous forecast of $0.30. William Blair also issued estimates for ABM Industries’ Q2 2020 earnings at $0.30 EPS.
A number of other brokerages have also commented on ABM. ValuEngine upgraded ABM Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Robert W. Baird decreased their price objective on ABM Industries from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, Maxim Group decreased their price objective on ABM Industries from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.94.
ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.67 billion. ABM Industries had a return on equity of 9.16% and a net margin of 1.96%. ABM Industries’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd were given a dividend of $0.185 per share. The ex-dividend date was Tuesday, December 31st. This is a positive change from ABM Industries’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 1.90%. ABM Industries’s dividend payout ratio (DPR) is presently 36.10%.
In other news, EVP Scott J. Giacobbe sold 5,984 shares of ABM Industries stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $39.35, for a total transaction of $235,470.40. Following the completion of the sale, the executive vice president now directly owns 80,591 shares in the company, valued at approximately $3,171,255.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rene Jacobsen sold 1,600 shares of ABM Industries stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $38.00, for a total value of $60,800.00. The disclosure for this sale can be found here. Company insiders own 0.94% of the company’s stock.
Several institutional investors have recently made changes to their positions in ABM. Citizens Financial Group Inc RI acquired a new stake in shares of ABM Industries during the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust lifted its holdings in ABM Industries by 79.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,949 shares of the business services provider’s stock worth $73,000 after purchasing an additional 862 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in ABM Industries in the 3rd quarter worth approximately $94,000. NumerixS Investment Technologies Inc acquired a new stake in ABM Industries in the 4th quarter worth approximately $124,000. Finally, SG Americas Securities LLC lifted its holdings in ABM Industries by 53.0% in the 3rd quarter. SG Americas Securities LLC now owns 4,183 shares of the business services provider’s stock worth $152,000 after purchasing an additional 1,449 shares during the last quarter. Institutional investors and hedge funds own 98.01% of the company’s stock.
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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