News articles about ABM Industries (NYSE:ABM) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ABM Industries earned a news impact score of 0.09 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 46.0277580354072 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub lowered shares of ABM Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Robert W. Baird set a $47.00 price target on shares of ABM Industries and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, KeyCorp raised shares of ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 price target for the company in a research report on Monday, September 11th. One 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 an average rating of “Buy” and a consensus target price of $48.20.
ABM Industries (NYSE ABM) traded down $0.09 during trading hours on Thursday, reaching $40.00. The company had a trading volume of 369,832 shares, compared to its average volume of 320,517. ABM Industries has a 12-month low of $37.12 and a 12-month high of $45.12. The firm has a market capitalization of $2,610.00, a P/E ratio of 21.23 and a beta of 0.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.27.
ABM Industries (NYSE:ABM) last released its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). ABM Industries had a return on equity of 11.37% and a net margin of 0.29%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company posted $0.54 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. equities analysts predict that ABM Industries will post 1.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Investors of record on Thursday, October 5th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.70%. ABM Industries’s dividend payout ratio is currently 42.77%.
In other ABM Industries news, insider Scott J. Giacobbe sold 11,094 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.92, for a total transaction of $442,872.48. Following the transaction, the insider now owns 59,152 shares in the company, valued at $2,361,347.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Dean A. Chin sold 880 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $42.90, for a total value of $37,752.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
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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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