ABM Industries - ABM Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ABM Industries in the last year. There are currently 1 hold 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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1 Wall Street research analysts have issued 12-month price targets for ABM Industries' shares. Their ABM share price forecasts range from $51.00 to $65.00. On average, they anticipate the company's share price to reach $58.00 in the next twelve months. This suggests a possible upside of 30.5% 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 increased by 0.1% and is now trading at $44.45.
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ABM Industries saw a increase in short interest in February. As of February 28th, there was short interest totaling 1,910,000 shares, an increase of 11.0% from the February 13th total of 1,720,000 shares. Based on an average trading volume of 328,000 shares, the short-interest ratio is currently 5.8 days. Approximately 3.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 14th 2023.
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ABM Industries Incorporated (NYSE:ABM) released its quarterly earnings results on Wednesday, March, 8th. The business services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The business services provider had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.02 billion. ABM Industries had a net margin of 2.45% and a trailing twelve-month return on equity of 13.85%. ABM Industries's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS.

ABM Industries announced a quarterly dividend on Wednesday, March 8th. Stockholders of record on Thursday, April 6th will be given a dividend of $0.22 per share on Monday, May 1st. This represents a $0.88 annualized dividend and a yield of 1.98%. The ex-dividend date is Wednesday, April 5th.
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), ProShares Russell US Dividend Growers ETF (TMDV), ProShares Russell 2000 Dividend Growers ETF (SMDV), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), SPDR S&P Dividend ETF (SDY) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).

ABM Industries (NYSE:ABM) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.03%. 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 30.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABM will have a dividend payout ratio of 22.68% 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 Wednesday, March, 8th. The company provided earnings per share guidance of $3.40-3.60 for the period, compared to the consensus earnings per share 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 investors include Dimensional Fund Advisors LP (6.87%), Victory Capital Management Inc. (2.94%), Victory Capital Management Inc. (2.92%), Victory Capital Management Inc. (2.92%), Boston Partners (2.78%) and Macquarie Group Ltd. (2.72%). 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 $44.45.

ABM Industries (NYSE:ABM) has a market capitalization of $2.94 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 $2.88 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.