ABM Industries (ABM) Earning Somewhat Positive Media Coverage, Analysis Finds
Press coverage about ABM Industries (NYSE:ABM) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ABM Industries earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 47.2089609837226 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- ABM Industries, Inc. breached its 50 day moving average in a Bullish Manner : ABM-US : October 4, 2017 (finance.yahoo.com)
- ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for October 04, 2017 – Nasdaq (nasdaq.com)
- Bioinformatics Market to reach USD 15.8 billion by 2021 (emailwire.com)
- Dividend Coverage: This Business Services Company has Raised Dividend for 49 Years; Will Trade Ex-Dividend on October 04, 2017 (finance.yahoo.com)
- ABM Industries (ABM) Shares Cross Above 200 DMA (nasdaq.com)
A number of brokerages recently issued reports on ABM. Robert W. Baird set a $47.00 price objective on ABM Industries and gave the stock a “buy” rating in a report on Thursday, August 24th. BidaskClub cut ABM Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research cut ABM Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. KeyCorp raised ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 price target on the stock in a report on Monday, September 11th. Finally, Sidoti raised ABM Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $49.00 to $55.00 in a report on Thursday, July 13th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $48.20.
Shares of ABM Industries (NYSE:ABM) opened at 43.01 on Thursday. The stock has a market cap of $2.80 billion, a PE ratio of 168.01 and a beta of 0.80. ABM Industries has a 12-month low of $37.12 and a 12-month high of $45.12. The firm has a 50 day moving average price of $41.92 and a 200 day moving average price of $42.59.
ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). ABM Industries had a net margin of 0.29% and a return on equity of 11.37%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. ABM Industries’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts expect that ABM Industries will post $1.88 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, October 5th will be given a $0.17 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.58%. ABM Industries’s payout ratio is 251.86%.
In other news, insider James P. Mcclure sold 1,963 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $44.44, for a total value of $87,235.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Rene Jacobsen sold 940 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $40.92, for a total value of $38,464.80. Following the completion of the transaction, the insider now owns 22,729 shares in the company, valued at $930,070.68. The disclosure for this sale can be found here. Insiders sold 15,129 shares of company stock worth $619,481 over the last 90 days. Company 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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