ABM Industries (ABM) Earning Somewhat Favorable News Coverage, Report Shows
News coverage about ABM Industries (NYSE:ABM) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ABM Industries earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 45.8198002731239 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- ABM Industries : UK Expands Significantly With Key Contract Wins (4-traders.com)
- ABM Industries Augments UK Footprint With Key Contract Wins (finance.yahoo.com)
- ABM Industries, Inc. : ABM-US: Dividend Analysis : July 06th, 2017 (record date) : By the numbers : August 18, 2017 (finance.yahoo.com)
- BRIEF-ABM UK announces several key contract wins (ABM) (markets.businessinsider.com)
- ABM UK Expands Significantly With Key Contract Wins (finance.yahoo.com)
ABM Industries (ABM) opened at 43.72 on Thursday. The company has a market capitalization of $2.44 billion, a P/E ratio of 194.31 and a beta of 0.80. The stock’s 50 day moving average is $43.45 and its 200 day moving average is $42.56. ABM Industries has a 52 week low of $37.60 and a 52 week high of $45.12.
ABM Industries (NYSE:ABM) last announced its earnings results on Wednesday, June 7th. The business services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. ABM Industries had a net margin of 0.25% and a return on equity of 11.44%. ABM Industries’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. On average, equities research analysts expect that ABM Industries will post $1.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Thursday, July 6th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.56%. The ex-dividend date was Monday, July 3rd. ABM Industries’s dividend payout ratio (DPR) is presently 283.33%.
Several equities analysts have recently commented on the stock. BidaskClub raised shares of ABM Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Robert W. Baird reaffirmed an “outperform” rating and set a $47.00 price objective (down from $49.00) on shares of ABM Industries in a research note on Thursday, July 13th. Zacks Investment Research raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Monday, June 12th. Finally, Sidoti raised shares of ABM Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $49.00 to $55.00 in a research note on Thursday, July 13th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. ABM Industries presently has an average rating of “Buy” and an average target price of $48.25.
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In other ABM Industries news, insider James P. Mcclure sold 1,970 shares of the stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $40.87, for a total transaction of $80,513.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rene Jacobsen sold 940 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $40.92, for a total transaction of $38,464.80. Following the transaction, the insider now directly owns 22,729 shares of the company’s stock, valued at approximately $930,070.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,925 shares of company stock valued at $385,575. 1.30% of the stock is currently owned by insiders.
About ABM Industries
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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