ABM Industries - ABM Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ABM Industries in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ABM shares.
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4 Wall Street research analysts have issued 12 month price targets for ABM Industries' shares. Their ABM share price forecasts range from $52.00 to $65.00. On average, they expect the company's stock price to reach $57.33 in the next twelve months. This suggests a possible upside of 49.9% from the stock's current price.
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ABM Industries' stock was trading at $40.85 at the start of the year. Since then, ABM shares have decreased by 6.3% and is now trading at $38.26.
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ABM Industries saw a drop in short interest in the month of August. As of August 15th, there was short interest totaling 2,130,000 shares, a drop of 8.6% from the July 31st total of 2,330,000 shares. Based on an average daily volume of 383,400 shares, the short-interest ratio is currently 5.6 days. Currently, 3.2% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 21st 2022.
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ABM Industries Incorporated (NYSE:ABM) announced its quarterly earnings data on Friday, September, 9th. The business services provider reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.04. The business services provider had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. ABM Industries had a trailing twelve-month return on equity of 14.88% and a net margin of 2.88%. The business's revenue was up 27.1% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS.

ABM Industries announced a quarterly dividend on Friday, September 9th. Stockholders of record on Thursday, October 6th will be paid a dividend of $0.195 per share on Monday, November 7th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, October 5th.
Read our dividend analysis for ABM.

ABM Industries (NYSE:ABM) pays an annual dividend of $0.78 per share and currently has a dividend yield of 2.04%. The company has been increasing its dividend for 54 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABM will have a dividend payout ratio of 20.91% 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 FY 2022 earnings guidance on Friday, September, 23rd. The company provided earnings per share (EPS) guidance of $3.60-$3.70 for the period, compared to the consensus EPS estimate of $3.64. The company issued revenue guidance of -.

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 State Street Corp (8.78%), Victory Capital Management Inc. (4.07%), Principal Financial Group Inc. (2.68%), Macquarie Group Ltd. (2.65%), Goldman Sachs Group Inc. (2.09%) and Copeland Capital Management LLC (1.59%). Insiders that own company stock include Andrea R Newborn, Art A Garcia, Dean A Chin, Diego Anthony Scaglione, 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 $38.26.

ABM Industries (NYSE:ABM) has a market capitalization of $2.53 billion and generates $6.23 billion in revenue each year. The business services provider earns $126.30 million in net income (profit) each year or $3.18 on an earnings per share basis.

The company employs 124,000 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.