ABM Industries (ABM) Releases Earnings Results, Beats Expectations By $0.14 EPS

ABM Industries (ABM) announced its most recent quarterly financial results on Wednesday, Sep-7-2016. ABM said it had a profit of $0.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.40. The company posted revenue of $1296.90 million in the period, compared to analysts expectations of $1307.62 million. ABM’s revenue was down -3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on ABM Industries. Company shares were Reiterated by Imperial Capital on Jun 23, 2016 to “In-line”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .

ABM Industries opened for trading at $38.29 and hit $38.66 on the upside on Thursday, eventually ending the session at $38.66, with a gain of 0.60% or 0.23 points. The heightened volatility saw the trading volume jump to 1,48,212 shares. Company has a market cap of $2,162 M.

In a different news, on Sep 6, 2016, Scott J Giacobbe (Pres – Building & Energy) sold 1,300 shares at $39.02 per share price. According to the SEC, on Jul 11, 2016, Maryellen C Herringer (director) sold 1,854 shares at $36.83 per share price. On Jun 16, 2016, Phil Ferguson (director) sold 7,000 shares at $36.62 per share price, according to the Form-4 filing with the securities and exchange commission.

ABM Industries Incorporated (ABM) is a provider of integrated facility solutions. The Company provides end-to-end integrated facilities management services to commercial governmental industrial institutional residential and retail client facilities in cities primarily throughout the United States. ABM’s capabilities include facility services energy solutions commercial cleaning maintenance and repair heating ventilation and air conditioning (HVAC) electrical landscaping parking and security through stand-alone or integrated solutions. The Company’s onsite businesses consist of Janitorial Facility Services Parking and Security segments. Its mobile and on-demand businesses consist of the Building & Energy Solutions segment and certain unconsolidated affiliates that provide facility solutions primarily to the U.S. Government which complement the other operations of the Building & Energy Solutions segment. The Company’s new segment Other is comprised of Air Serv.

ABM Industries

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