ABM Industries (ABM) Given News Impact Score of 0.10

Media coverage about ABM Industries (NYSE:ABM) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ABM Industries earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.9723045661164 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern’s scoring:

A number of equities research analysts have recently issued reports on ABM shares. BidaskClub raised shares of ABM Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Monday, July 17th. Robert W. Baird set a $47.00 target price on shares of ABM Industries and gave the company a “buy” rating in a research report on Thursday, August 24th. Sidoti raised shares of ABM Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $49.00 to $55.00 in a research report on Thursday, July 13th. Finally, KeyCorp raised shares of ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 target price for the company in a research report on Monday, September 11th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $48.20.

Shares of ABM Industries (NYSE ABM) opened at 39.56 on Friday. The company’s 50-day moving average is $43.29 and its 200 day moving average is $42.75. ABM Industries has a 52-week low of $37.12 and a 52-week high of $45.12. The company has a market cap of $2.21 billion, a PE ratio of 175.82 and a beta of 0.79.

ABM Industries (NYSE:ABM) last issued its earnings results on Wednesday, September 6th. The business services provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). ABM Industries had a return on equity of 11.37% and a net margin of 0.29%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, analysts anticipate that ABM Industries will post $1.88 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $0.68 annualized dividend and a yield of 1.72%. ABM Industries’s dividend payout ratio is currently 251.86%.

In other ABM Industries news, insider Scott J. Giacobbe sold 11,094 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $39.92, for a total value of $442,872.48. Following the completion of the transaction, the insider now owns 59,152 shares in the company, valued at approximately $2,361,347.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James P. Mcclure sold 1,970 shares of the firm’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $40.87, for a total value of $80,513.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,099 shares of company stock valued at $699,995. 1.30% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for ABM Industries (NYSE:ABM)

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