ABM Industries (ABM) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ABM Industries in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ABM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABM, but not buy additional shares or sell existing shares.
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2 brokers have issued twelve-month price targets for ABM Industries' shares. Their ABM share price forecasts range from $48.00 to $51.00. On average, they anticipate the company's share price to reach $49.50 in the next year. This suggests a possible upside of 7.1% from the stock's current price.
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ABM Industries' stock was trading at $44.42 at the beginning of 2023. Since then, ABM stock has increased by 4.1% and is now trading at $46.22.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
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ABM Industries will be holding an earnings conference call on Tuesday, June 6th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 844-512-2921 with passcode "13738428".

ABM Industries Incorporated (NYSE:ABM) posted its quarterly earnings data on Wednesday, March, 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The business services provider had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $2.02 billion. ABM Industries had a net margin of 2.45% and a trailing twelve-month return on equity of 13.85%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share.

ABM Industries announced a quarterly dividend on Wednesday, March 8th. Shareholders of record on Thursday, April 6th will be given a dividend of $0.22 per share on Monday, May 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, April 5th.
Read our dividend analysis for ABM.

ETFs with the largest weight of ABM Industries (NYSE:ABM) stock in their portfolio include VanEck Environmental Services ETF (EVX), Dividend Performers ETF (IPDP), Invesco S&P SmallCap Industrials ETF (PSCI), ProShares Russell US Dividend Growers ETF (TMDV), ProShares Russell 2000 Dividend Growers ETF (SMDV), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), Qraft AI-Enhanced Next Value ETF (NVQ) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

ABM Industries (NYSE:ABM) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.90%. The company has been increasing its dividend for 55 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABM will have a dividend payout ratio of 22.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABM.

ABM Industries updated its FY23 earnings guidance on Wednesday, March, 8th. The company provided earnings per share guidance of $3.40-3.60 for the period, compared to the consensus EPS estimate of $3.52.

335 employees have rated ABM Industries Chief Executive Officer Scott Salmirs on Glassdoor.com. Scott Salmirs has an approval rating of 58% among the company's employees. This puts Scott Salmirs in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other ABM Industries investors own include Johnson & Johnson (JNJ), AbbVie (ABBV), Chevron (CVX), American Tower (AMT), AT&T (T), Albemarle (ALB), PepsiCo (PEP), Walgreens Boots Alliance (WBA), Exxon Mobil (XOM) and Bank of America (BAC).

ABM Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABM."

ABM Industries' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (16.17%), State Street Corp (10.52%), Dimensional Fund Advisors LP (6.90%), Victory Capital Management Inc. (3.19%), Boston Partners (2.79%) and Macquarie Group Ltd. (2.78%). Insiders that own company stock include Andrea R Newborn, Art A Garcia, Dean A Chin, Joshua H Feinberg, Linda Chavez, Raul Javier Valentin, Rene Jacobsen, Scott B Salmirs and Scott J Giacobbe.
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Shares of ABM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABM stock can currently be purchased for approximately $46.22.

ABM Industries (NYSE:ABM) has a market capitalization of $3.06 billion and generates $7.81 billion in revenue each year. The business services provider earns $230.40 million in net income (profit) each year or $2.88 on an earnings per share basis.

The company employs 127,000 workers across the globe.

ABM Industries' mailing address is One Liberty Plaza 7th Floor, New York NY, 10006. The official website for the company is www.abm.com. The business services provider can be reached via phone at (212) 297-0200, via email at susie.kim@abm.com, or via fax at 212-297-0375.