How Have the Numbers Shaped Up for ABM Industries (NYSE:ABM)

Earnings results for ABM Industries (NYSE:ABM)

ABM Industries Incorporated is expected* to report earnings on 06/08/2021 after market close. The report will be for the fiscal Quarter ending Apr 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.75. The reported EPS for the same quarter last year was $0.6.

ABM Industries last posted its earnings data on March 8th, 2021. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.40. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Its quarterly revenue was down 7.5% compared to the same quarter last year. ABM Industries has generated $2.43 earnings per share over the last year and currently has a price-to-earnings ratio of 73.6. ABM Industries has confirmed that its next quarterly earnings report will be published on Tuesday, June 8th, 2021.

Analyst Opinion on ABM Industries (NYSE:ABM)

4 Wall Street analysts have issued ratings and price targets for ABM Industries in the last 12 months. Their average twelve-month price target is $51.00, predicting that the stock has a possible upside of 5.02%. The high price target for ABM is $60.00 and the low price target for ABM is $45.00. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

ABM Industries has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $51.00, ABM Industries has a forecasted upside of 5.0% from its current price of $48.56. ABM Industries has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: ABM Industries (NYSE:ABM)

ABM Industries has a dividend yield of 1.53%, which is in the bottom 25% of all stocks that pay dividends. ABM Industries has only been increasing its dividend for 1 years. The dividend payout ratio of ABM Industries is 31.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABM Industries will have a dividend payout ratio of 24.44% next year. This indicates that ABM Industries will be able to sustain or increase its dividend.

Insiders buying/selling: ABM Industries (NYSE:ABM)

In the past three months, ABM Industries insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,504,283.00 in company stock. Only 0.47% of the stock of ABM Industries is held by insiders. 91.67% of the stock of ABM Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of ABM Industries (NYSE:ABM

Earnings for ABM Industries are expected to decrease by -3.72% in the coming year, from $3.23 to $3.11 per share. The P/E ratio of ABM Industries is 73.58, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 30.25. The P/E ratio of ABM Industries is 73.58, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 22.98. ABM Industries has a P/B Ratio of 2.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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