ABM Industries (NYSE:ABM) posted its earnings results on Tuesday. The business services provider reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.01), MarketWatch Earnings reports. ABM Industries had a negative net margin of 0.08% and a positive return on equity of 10.85%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm earned $0.66 earnings per share. ABM Industries’s revenue was down 9.9% compared to the same quarter last year.
Shares of ABM stock opened at $40.34 on Thursday. ABM Industries has a 1 year low of $19.79 and a 1 year high of $41.79. The firm’s fifty day simple moving average is $38.53 and its 200 day simple moving average is $36.74. The firm has a market capitalization of $2.69 billion, a P/E ratio of -448.17 and a beta of 1.26. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46.
In related news, EVP Scott J. Giacobbe sold 700 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $36.00, for a total transaction of $25,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda Chavez sold 1,353 shares of the business’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $37.06, for a total transaction of $50,142.18. The disclosure for this sale can be found here. Insiders have sold 27,053 shares of company stock worth $1,005,342 in the last ninety days. 0.34% of the stock is currently owned by insiders.
ABM Industries Company Profile
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Aviation, Technology & Manufacturing, Education, 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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