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ABM Industries Stock Price, News & Analysis (NYSE:ABM)

$40.95
+0.12 (+0.29%)
(As of 04:30 PM ET)
Compare
Today's Range
$40.64
$41.36
50-Day Range
$38.96
$44.03
52-Week Range
$37.61
$49.58
Volume
554,047 shs
Average Volume
405,883 shs
Market Capitalization
$2.68 billion
P/E Ratio
11.50
Dividend Yield
2.15%
Price Target
$43.20

ABM Industries MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
5.8% Upside
$43.20 Price Target
Short Interest
Healthy
1.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.90
Upright™ Environmental Score
News Sentiment
0.10mentions of ABM Industries in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$279,004 Sold Last Quarter
Proj. Earnings Growth
-3.80%
From $3.42 to $3.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Construction Sector

38th out of 98 stocks

Services To Dwellings & Other Buildings Industry

3rd 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. The company 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 different 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 based in New York, New York.

ABM Stock Price History

ABM Stock News Headlines

ABM to Announce Fourth Quarter 2023 Financial Results
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Reasons to Hold ABM Industries (ABM) in Your Portfolio
ABM Industries (NYSE:ABM) Rating Lowered to Hold at StockNews.com
ABM Industries: Near-Term Headwinds
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Why EV charging is still such a pain
Expert Ratings for ABM Indus
Why ABM Industries Wasn't a Winning Stock This Week
Q3 2023 ABM Industries Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
9/07/2023
Ex-Dividend for 11/6 Dividend
10/04/2023
Dividend Payable
11/06/2023
Today
11/29/2023
Next Earnings (Estimated)
12/12/2023
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Services to dwellings & other buildings
Sub-Industry
Environmental & Facilities Services
CUSIP
00095710
Employees
127,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$43.20
High Stock Price Target
$48.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+5.8%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$230.40 million
Pretax Margin
3.84%

Debt

Sales & Book Value

Annual Sales
$7.81 billion
Cash Flow
$5.31 per share
Book Value
$25.96 per share

Miscellaneous

Free Float
64,975,000
Market Cap
$2.68 billion
Optionable
Optionable
Beta
1.11
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Key Executives

  • Mr. Scott B. Salmirs (Age 61)
    President, CEO & Director
    Comp: $2.84M
  • Mr. Earl Ray Ellis (Age 57)
    Executive VP & CFO
    Comp: $1.59M
  • Mr. Rene JacobsenMr. Rene Jacobsen (Age 62)
    Executive VP & COO
    Comp: $1.79M
  • Ms. Andrea R. Newborn Esq. (Age 60)
    Executive VP, General Counsel & Corporate Secretary
    Comp: $1.03M
  • Mr. Joshua H. Feinberg (Age 48)
    Executive VP and Chief Strategy & Transformation Officer
    Comp: $1.44M
  • Mr. Dean A. Chin (Age 55)
    Senior VP, Chief Accounting Officer, Corporate Controller & Treasurer
    Comp: $1.03M
  • Ms. Melanie Kirkwood Ruiz
    Chief Information Officer
  • Mr. Paul E. Goldberg (Age 59)
    Senior Vice President of Investor Relations
  • Ms. Nadeen A. Ayala
    Chief Culture & Communication Officer
  • Ms. Cary Bainbridge
    Chief Marketing Officer














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 twelve months. 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 analysts have issued 12-month target prices for ABM Industries' shares. Their ABM share price targets range from $40.00 to $48.00. On average, they expect the company's share price to reach $43.20 in the next twelve months. This suggests a possible upside of 5.8% 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 2023?

ABM Industries' stock was trading at $44.42 at the beginning of the year. Since then, ABM stock has decreased by 8.0% and is now trading at $40.85.
View the best growth stocks for 2023 here
.

Are investors shorting ABM Industries?

ABM Industries saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,220,000 shares, an increase of 58.6% from the October 31st total of 769,000 shares. Based on an average daily trading volume, of 465,400 shares, the short-interest ratio is currently 2.6 days. Approximately 1.9% of the shares of the company are short sold.
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, December 12th 2023.
View our ABM earnings forecast
.

How were ABM Industries' earnings last quarter?

ABM Industries Incorporated (NYSE:ABM) issued its quarterly earnings data on Thursday, September, 7th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.09. The business services provider earned $2.03 billion during the quarter, compared to the consensus estimate of $2.01 billion. ABM Industries had a net margin of 2.96% and a trailing twelve-month return on equity of 12.69%. The company's revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $0.94 EPS.

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

ABM Industries announced a quarterly dividend on Thursday, September 7th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.22 per share on Monday, November 6th. This represents a $0.88 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, October 4th.
Read our dividend analysis for ABM
.

Is ABM Industries a good dividend stock?

ABM Industries (NYSE:ABM) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.16%. The company has been increasing its dividend for 56 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABM will have a dividend payout ratio of 26.75% 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 FY23 earnings guidance on Thursday, September, 7th. The company provided earnings per share guidance of $3.40-3.50 for the period, compared to the consensus estimate of $3.52.

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 a number of retail and institutional investors. Top institutional shareholders include Copeland Capital Management LLC (2.11%), Fuller & Thaler Asset Management Inc. (1.93%), JPMorgan Chase & Co. (1.63%), Invesco Ltd. (1.58%), Northern Trust Corp (1.42%) and Morgan Stanley (1.36%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:ABM) was last updated on 11/29/2023 by MarketBeat.com Staff

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