ABM Industries (ABM) Earning Positive News Coverage, Analysis Shows
Media headlines about ABM Industries (NYSE:ABM) have trended positive this week, according to AlphaOne Sentiment. AlphaOne, a division of Accern, scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ABM Industries earned a media sentiment score of 0.33 on AlphaOne’s scale. AlphaOne also assigned media stories about the business services provider an impact score of 33 out of 100, meaning that recent press coverage is unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted AlphaOne Sentiment’s analysis:
- ABM Industries, Inc. (ABM) Expected to Announce Quarterly Sales of $1.31 Billion (americanbankingnews.com)
- ABM Industries, Inc. – Value Analysis (NYSE:ABM) : May 15, 2017 (finance.yahoo.com)
- Zacks: Brokerages Expect ABM Industries, Inc. (ABM) to Post $0.43 Earnings Per Share (americanbankingnews.com)
- ABM Industries, Inc. breached its 50 day moving average in a Bearish Manner : ABM-US : May 12, 2017 (finance.yahoo.com)
- ABM Industries, Inc. (ABM) Insider Sells $84,197.80 in Stock (americanbankingnews.com)
ABM Industries (NYSE:ABM) traded down 0.19% on Friday, hitting $41.34. The stock had a trading volume of 36,872 shares. The company has a 50 day moving average price of $42.76 and a 200-day moving average price of $41.78. The company’s market cap is $2.30 billion. ABM Industries has a 52-week low of $32.72 and a 52-week high of $45.03.
ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Tuesday, March 7th. The business services provider reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.07. ABM Industries had a return on equity of 10.00% and a net margin of 1.11%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts predict that ABM Industries will post $1.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Thursday, April 6th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Tuesday, April 4th. ABM Industries’s dividend payout ratio is presently 67.33%.
ABM has been the topic of several research reports. Robert W. Baird raised ABM Industries from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $46.00 to $50.00 in a research report on Thursday, March 9th. Zacks Investment Research cut ABM Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th.
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In other news, SVP Dean A. Chin sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $42.72, for a total transaction of $42,720.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Rene Jacobsen sold 950 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $42.72, for a total value of $40,584.00. Following the sale, the insider now directly owns 16,541 shares in the company, valued at approximately $706,631.52. The disclosure for this sale can be found here. Insiders sold a total of 20,761 shares of company stock worth $895,504 in the last ninety days. 1.30% of the stock is owned by corporate insiders.
ABM Industries Company Profile
ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.
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