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

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.
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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.
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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.
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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.
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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) 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.

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.

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.

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 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.

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' 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.
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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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