Shares of ABM Industries Incorporated (NYSE:ABM) have received a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $52.25.
A number of equities analysts recently issued reports on the company. TheStreet upgraded ABM Industries from a “c+” rating to a “b” rating in a report on Tuesday, March 9th. KeyCorp upped their target price on ABM Industries from $45.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, April 28th. Finally, Zacks Investment Research cut ABM Industries from a “buy” rating to a “hold” rating and set a $56.00 target price for the company. in a report on Tuesday, May 11th.
In other news, EVP Andrea R. Newborn sold 7,807 shares of the business’s stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $53.05, for a total value of $414,161.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott B. Salmirs sold 25,000 shares of the business’s stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $53.03, for a total value of $1,325,750.00. The disclosure for this sale can be found here. Insiders sold a total of 47,372 shares of company stock valued at $2,504,283 over the last quarter. Company insiders own 0.34% of the company’s stock.
ABM traded down $0.57 during trading hours on Monday, reaching $52.88. 202,673 shares of the company’s stock traded hands, compared to its average volume of 390,513. The firm has a 50-day moving average price of $52.40 and a 200 day moving average price of $44.08. ABM Industries has a 52-week low of $30.41 and a 52-week high of $55.48. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3.55 billion, a PE ratio of -2,642.68 and a beta of 1.25.
ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Monday, March 8th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.40. ABM Industries had a return on equity of 11.07% and a net margin of 0.01%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business earned $0.39 EPS. ABM Industries’s revenue was down 7.5% compared to the same quarter last year. Equities analysts predict that ABM Industries will post 2.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 3rd. Shareholders of record on Thursday, April 1st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, March 31st. ABM Industries’s dividend payout ratio is 31.28%.
ABM Industries Company Profile
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Technology & Manufacturing, Education, Aviation, and Technical Solutions segments. It provides janitorial, facilities engineering, parking, custodial, landscaping and ground, and mechanical and electrical services; and vehicle maintenance and other services to rental car providers.
Read More: What is the definition of arbitrage?
Receive News & Ratings for ABM Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABM Industries and related companies with MarketBeat.com's FREE daily email newsletter.