ABM Industries (NYSE:ABM) issued an update on its FY21 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.30-$3.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.18. ABM Industries also updated its FY 2021 guidance to $3.300-3.500 EPS.
ABM Industries stock opened at $47.62 on Friday. The business has a 50-day moving average price of $51.42. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 72.15 and a beta of 1.39. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.37. ABM Industries has a 12-month low of $30.41 and a 12-month high of $55.48.
ABM Industries (NYSE:ABM) last released its earnings results on Monday, June 7th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.11. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. ABM Industries had a net margin of 0.80% and a return on equity of 13.90%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. Equities analysts forecast that ABM Industries will post 3.23 EPS for the current year.
ABM has been the subject of several analyst reports. KeyCorp raised their target price on shares of ABM Industries from $45.00 to $60.00 and gave the stock an overweight rating in a report on Thursday, April 22nd. TheStreet upgraded shares of ABM Industries from a c+ rating to a b rating in a report on Tuesday, March 9th. Finally, Zacks Investment Research lowered shares of ABM Industries from a buy rating to a hold rating and set a $56.00 price objective for the company. in a report on Tuesday, May 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $52.25.
In other news, EVP Andrea R. Newborn sold 7,807 shares of the business’s stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $53.05, for a total value of $414,161.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott B. Salmirs sold 25,000 shares of ABM Industries stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $53.03, for a total transaction of $1,325,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,372 shares of company stock valued at $2,504,283. Company insiders own 0.47% of the company’s stock.
ABM Industries Company Profile
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Technology & Manufacturing, Education, Aviation, and Technical Solutions segments. It provides janitorial, facilities engineering, parking, custodial, landscaping and ground, and mechanical and electrical services; and vehicle maintenance and other services to rental car providers.
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