News coverage about ABM Industries (NYSE:ABM) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ABM Industries earned a daily sentiment score of 0.01 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 47.5764613061257 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
- BRIEF-ABM refinances existing credit agreement with secured credit facility of $900 mln (reuters.com)
- ABM Industries Incorporated 2017 Q3 – Results – Earnings Call Slides (seekingalpha.com)
- ABM Industries Inc. (ABM) Dropped To A 7-Month Low After Q3 Miss (rttnews.com)
- Edited Transcript of ABM earnings conference call or presentation 7-Sep-17 12:30pm GMT (finance.yahoo.com)
- ABM Industries Inc (ABM) Shares Moving On Volume – Financial News Review (finnewsreview.com)
ABM Industries (NYSE:ABM) opened at 40.21 on Monday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 178.71 and a beta of 0.79. The company’s 50-day moving average price is $43.88 and its 200 day moving average price is $42.78. ABM Industries has a 52-week low of $37.12 and a 52-week high of $45.12.
ABM Industries (NYSE:ABM) last released its earnings results on Wednesday, September 6th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. ABM Industries had a net margin of 0.29% and a return on equity of 11.37%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. Equities research analysts predict that ABM Industries will post $1.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.69%. ABM Industries’s dividend payout ratio is currently 251.86%.
A number of analysts have recently issued reports on ABM shares. BidaskClub upgraded ABM Industries from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Monday, July 17th. Robert W. Baird set a $47.00 target price on ABM Industries and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, Sidoti upgraded ABM Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $55.00 in a report on Thursday, July 13th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. ABM Industries currently has an average rating of “Buy” and an average price target of $48.25.
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In related news, SVP Dean A. Chin sold 632 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $44.95, for a total transaction of $28,408.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James P. Mcclure sold 1,963 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $44.44, for a total value of $87,235.72. The disclosure for this sale can be found here. Insiders sold a total of 6,005 shares of company stock valued at $257,123 in the last quarter. Corporate insiders own 1.30% of the company’s stock.
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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