NYSE:ABM

ABM Industries (ABM) Stock Price, News & Analysis

$44.46
+0.14 (+0.32%)
(As of 04/22/2024 ET)
Today's Range
$44.37
$44.87
50-Day Range
$39.85
$44.64
52-Week Range
$37.61
$53.05
Volume
504,804 shs
Average Volume
586,517 shs
Market Capitalization
$2.81 billion
P/E Ratio
11.37
Dividend Yield
2.02%
Price Target
$45.20

ABM Industries MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
1.7% Upside
$45.20 Price Target
Short Interest
Healthy
3.97% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.61
Upright™ Environmental Score
News Sentiment
1.19mentions of ABM Industries in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$487,815 Sold Last Quarter
Proj. Earnings Growth
5.04%
From $3.37 to $3.54 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.02 out of 5 stars

Construction Sector

29th out of 99 stocks

Services To Dwellings & Other Buildings Industry

2nd out of 5 stocks

ABM stock logo

About ABM Industries Stock (NYSE:ABM)

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments. The company offers janitorial, facilities engineering, and parking services for commercial real estate properties, including corporate offices for high tech clients, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities; provides vehicle maintenance and other services to rental car providers. It also offers integrated facility services, engineering, and other specialized services in various types of manufacturing, distribution, and data center facilities. In addition, the company delivers custodial and landscaping and grounds for public school districts, private schools, colleges, and universities. Further, it supports airlines and airports with services comprising passenger assistance, catering logistics, air cabin maintenance, and transportation services. Additionally, the company provides electric vehicle power design, installation, and maintenance, as well as microgrid systems installations. ABM Industries Incorporated was founded in 1909 and is headquartered in New York, New York.

ABM Stock Price History

ABM Stock News Headlines

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ABM Honored as a 2024 VETS Indexes 3 Star Employer
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ABM Industries: Fiscal Q1 Earnings Snapshot
ABM Q1 Earnings Rise, Beat View; Stock Up In Pre-market
See More Headlines
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Company Calendar

Ex-Dividend for 2/5 Dividend
1/03/2024
Dividend Payable
2/05/2024
Last Earnings
3/07/2024
Ex-Dividend for 5/6 Dividend
4/03/2024
Today
4/22/2024
Dividend Payable
5/06/2024
Next Earnings (Estimated)
6/04/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Services to dwellings & other buildings
Sub-Industry
Environmental & Facilities Services
CUSIP
00095710
Employees
123,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$45.20
High Stock Price Target
$53.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+1.7%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$251.40 million
Pretax Margin
4.07%

Debt

Sales & Book Value

Annual Sales
$8.10 billion
Cash Flow
$5.40 per share
Book Value
$27.47 per share

Miscellaneous

Free Float
62,633,000
Market Cap
$2.81 billion
Optionable
Optionable
Beta
1.16
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ABM Stock Analysis - Frequently Asked Questions

Should I buy or sell ABM Industries stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ABM Industries in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
View ABM analyst ratings
or view top-rated stocks.

What is ABM Industries' stock price target for 2024?

6 Wall Street research analysts have issued 1 year price objectives for ABM Industries' shares. Their ABM share price targets range from $40.00 to $53.00. On average, they expect the company's share price to reach $45.20 in the next year. This suggests a possible upside of 1.7% from the stock's current price.
View analysts price targets for ABM
or view top-rated stocks among Wall Street analysts.

How have ABM shares performed in 2024?

ABM Industries' stock was trading at $44.83 on January 1st, 2024. Since then, ABM stock has decreased by 0.8% and is now trading at $44.46.
View the best growth stocks for 2024 here
.

Are investors shorting ABM Industries?

ABM Industries saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 2,470,000 shares, a decline of 15.7% from the March 15th total of 2,930,000 shares. Based on an average daily trading volume, of 591,600 shares, the short-interest ratio is currently 4.2 days. Currently, 4.0% of the company's shares are sold short.
View ABM Industries' Short Interest
.

When is ABM Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024.
View our ABM earnings forecast
.

How were ABM Industries' earnings last quarter?

ABM Industries Incorporated (NYSE:ABM) posted its quarterly earnings results on Thursday, March, 7th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.14. The business services provider had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.01 billion. ABM Industries had a trailing twelve-month return on equity of 12.88% and a net margin of 3.15%. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share.

How often does ABM Industries pay dividends? What is the dividend yield for ABM Industries?

ABM Industries declared a quarterly dividend on Thursday, March 7th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.225 per share on Monday, May 6th. This represents a $0.90 annualized dividend and a yield of 2.02%. The ex-dividend date is Wednesday, April 3rd.
Read our dividend analysis for ABM
.

Is ABM Industries a good dividend stock?

ABM Industries (NYSE:ABM) pays an annual dividend of $0.90 per share and currently has a dividend yield of 2.03%. The company has been increasing its dividend for 57 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 23.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABM will have a dividend payout ratio of 25.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABM.

What guidance has ABM Industries issued on next quarter's earnings?

ABM Industries updated its FY24 earnings guidance on Thursday, March, 7th. The company provided earnings per share (EPS) guidance of $3.30-3.45 for the period, compared to the consensus earnings per share estimate of $3.30.

What is Scott Salmirs' approval rating as ABM Industries' CEO?

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.

What other stocks do shareholders of ABM Industries own?

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).

Who are ABM Industries' major shareholders?

ABM Industries' stock is owned by many different institutional and retail investors. Top institutional shareholders include Olstein Capital Management L.P. (0.46%), Pflug Koory LLC (0.10%), State of Alaska Department of Revenue (0.06%), Maryland State Retirement & Pension System (0.04%) and AlphaMark Advisors LLC (0.01%). 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 and Scott B Salmirs.
View institutional ownership trends
.

How do I buy shares of ABM Industries?

Shares of ABM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ABM) was last updated on 4/22/2024 by MarketBeat.com Staff

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