ABM Industries (ABM) Given News Impact Rating of 0.13
Media coverage about ABM Industries (NYSE:ABM) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ABM Industries earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.1620906437939 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several equities analysts have recently commented on ABM shares. BidaskClub upgraded shares of ABM Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Robert W. Baird set a $47.00 price target on shares of ABM Industries and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research cut shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Sidoti upgraded shares of ABM Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $55.00 in a report on Thursday, July 13th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $48.25.
Shares of ABM Industries (NYSE ABM) opened at 44.63 on Tuesday. ABM Industries has a one year low of $37.60 and a one year high of $45.12. The company has a market capitalization of $2.49 billion, a PE ratio of 198.36 and a beta of 0.79. The company has a 50-day moving average of $44.00 and a 200-day moving average of $42.73.
ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Wednesday, June 7th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. ABM Industries had a net margin of 0.25% and a return on equity of 11.44%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business earned $0.31 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that ABM Industries will post $1.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Thursday, July 6th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $0.68 annualized dividend and a yield of 1.52%. ABM Industries’s payout ratio is currently 283.33%.
In other news, insider Rene Jacobsen sold 950 shares of ABM Industries stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $43.95, for a total value of $41,752.50. Following the completion of the transaction, the insider now owns 16,594 shares of the company’s stock, valued at approximately $729,306.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Dean A. Chin sold 632 shares of ABM Industries stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $44.95, for a total transaction of $28,408.40. The disclosure for this sale can be found here. In the last three months, insiders sold 8,925 shares of company stock valued at $385,575. Insiders own 1.30% of the company’s stock.
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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