Stocks: ABM Industries (ABM) Receiving Positive News Coverage, Analysis Shows

Stocks: ABM Industries (ABM) Receiving Positive News Coverage, Analysis Shows

News articles about ABM Industries (NYSE:ABM) have been trending positive this week, AlphaOne reports. AlphaOne, a subsidiary of Accern, ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. ABM Industries earned a media sentiment score of 0.26 on AlphaOne’s scale. AlphaOne also assigned news coverage about the business services provider an impact score of 93 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.

ABM has been the topic of several recent research reports. Zacks Investment Research raised ABM Industries from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Wednesday, February 22nd. Robert W. Baird raised ABM Industries from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $46.00 to $50.00 in a report on Thursday, March 9th.

Shares of ABM Industries (NYSE:ABM) opened at 42.50 on Friday. ABM Industries has a one year low of $32.29 and a one year high of $45.03. The firm’s market cap is $2.37 billion. The stock’s 50 day moving average price is $42.97 and its 200 day moving average price is $41.65.

ABM Industries (NYSE:ABM) last issued its earnings results on Tuesday, March 7th. The business services provider reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.07. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. ABM Industries had a return on equity of 10.00% and a net margin of 1.11%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. On average, equities analysts anticipate that ABM Industries will post $1.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Thursday, April 6th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Tuesday, April 4th. ABM Industries’s dividend payout ratio is presently 67.33%.

In other ABM Industries news, insider James P. Mcclure sold 8,447 shares of the firm’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $40.39, for a total value of $341,174.33. Following the sale, the insider now owns 144,150 shares of the company’s stock, valued at approximately $5,822,218.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda Chavez sold 5,000 shares of the firm’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $43.21, for a total value of $216,050.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,238 shares of company stock worth $1,152,481. Company 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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