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 year. 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.
View ABM analyst ratings or view top-rated stocks.

4 analysts have issued 12-month target prices for ABM Industries' shares. Their ABM share price forecasts range from $50.00 to $65.00. On average, they expect the company's share price to reach $56.67 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price.
View analysts price targets for ABM or view top-rated stocks among Wall Street analysts.

ABM Industries' stock was trading at $40.85 at the start of the year. Since then, ABM shares have increased by 16.8% and is now trading at $47.72.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 14th 2022.
View our ABM earnings forecast.

ABM Industries Incorporated (NYSE:ABM) issued its quarterly earnings results on Wednesday, June, 8th. The business services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The business services provider had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. ABM Industries had a net margin of 2.06% and a trailing twelve-month return on equity of 14.99%. The business's revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS.

ABM Industries announced a quarterly dividend on Thursday, June 9th. Stockholders of record on Thursday, July 7th will be paid a dividend of $0.195 per share on Monday, August 1st. This represents a $0.78 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, July 6th.
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 1.65%. 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 36.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABM will have a dividend payout ratio of 19.75% 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 Wednesday, July, 6th. The company provided earnings per share (EPS) guidance of $3.50-$3.70 for the period, compared to the consensus EPS estimate of $3.62. 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 retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (4.07%), Principal Financial Group Inc. (2.68%), Copeland Capital Management LLC (1.59%), JPMorgan Chase & Co. (1.49%), William Blair Investment Management LLC (1.40%) and Northern Trust Corp (1.33%). 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.
View institutional ownership trends.

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.

One share of ABM stock can currently be purchased for approximately $47.72.

ABM Industries (NYSE:ABM) has a market capitalization of $3.19 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 $2.13 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.