ABM Industries (ABM) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ABM Industries in the last year. There are currently 4 hold ratings and 1 buy rating 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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5 Wall Street analysts have issued 12-month target prices for ABM Industries' shares. Their ABM share price forecasts range from $40.00 to $48.00. On average, they predict the company's stock price to reach $43.25 in the next year. This suggests a possible upside of 9.7% from the stock's current price.
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ABM Industries' stock was trading at $44.42 at the start of the year. Since then, ABM stock has decreased by 11.2% and is now trading at $39.44.
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ABM Industries saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 784,200 shares, a drop of 7.1% from the August 15th total of 843,700 shares. Based on an average daily volume of 540,900 shares, the short-interest ratio is currently 1.4 days. Currently, 1.2% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 12th 2023.
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ABM Industries Incorporated (NYSE:ABM) released its quarterly earnings data on Thursday, September, 7th. The business services provider reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by $0.09. The business services provider earned $2.03 billion during the quarter, compared to analysts' expectations of $2.01 billion. ABM Industries had a net margin of 2.96% and a trailing twelve-month return on equity of 12.69%. ABM Industries's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 EPS.

ABM Industries declared 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 yield of 2.23%. The ex-dividend date of this dividend is Wednesday, October 4th.
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), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), Invesco S&P SmallCap 600 Revenue ETF (RWJ), iShares S&P Small-Cap 600 Value ETF (IJS), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and SPDR S&P 600 Small CapValue ETF (SLYV).

ABM Industries (NYSE:ABM) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.23%. 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 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 25.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABM.

ABM Industries issued an update on its FY23 earnings guidance on Thursday, September, 7th. The company provided earnings per share (EPS) guidance of $3.40-3.50 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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.95%), State Street Corp (10.28%), Dimensional Fund Advisors LP (6.94%), Victory Capital Management Inc. (2.16%), Copeland Capital Management LLC (2.07%) and Principal Financial Group Inc. (1.97%). 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 $39.44.

ABM Industries (NYSE:ABM) has a market capitalization of $2.58 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 $3.56 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.