ABM Industries 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 Industries stock.
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ABM Industries saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 988,100 shares, a decrease of 15.5% from the February 28th total of 1,170,000 shares. Based on an average daily trading volume, of 365,200 shares, the short-interest ratio is presently 2.7 days. Currently, 1.5% of the company's stock are short sold.
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ABM Industries is scheduled to release its next quarterly earnings announcement on Wednesday, June 16th 2021.
View our earnings forecast for ABM Industries.

ABM Industries Incorporated (NYSE:ABM) posted its earnings results on Monday, March, 8th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.61 by $0.40. The business services provider earned $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. ABM Industries had a trailing twelve-month return on equity of 11.07% and a net margin of 0.01%. The company's revenue was down 7.5% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS.
View ABM Industries' earnings history.

ABM Industries' stock was trading at $29.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ABM stock has increased by 81.7% and is now trading at $53.44.
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ABM Industries announced a quarterly dividend on Tuesday, March 9th. Shareholders of record on Thursday, April 1st will be paid a dividend of $0.19 per share on Monday, May 3rd. This represents a $0.76 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, March 31st.
View ABM Industries' dividend history.

ABM Industries pays an annual dividend of $0.76 per share and currently has a dividend yield of 1.42%. ABM Industries does not yet have a strock track record of dividend growth. The dividend payout ratio of ABM Industries is 31.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABM Industries will have a dividend payout ratio of 26.95% next year. This indicates that ABM Industries will be able to sustain or increase its dividend.
View ABM Industries' dividend history.

ABM Industries issued an update on its FY21 earnings guidance on Tuesday, March, 9th. The company provided earnings per share (EPS) guidance of $3.00-3.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.42.

4 Wall Street analysts have issued twelve-month target prices for ABM Industries' shares. Their forecasts range from $38.00 to $48.00. On average, they expect ABM Industries' share price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 17.7%.
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335 employees have rated ABM Industries CEO Scott Salmirs on Glassdoor.com. Scott Salmirs has an approval rating of 58% among ABM Industries' employees. This puts Scott Salmirs in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to ABM Industries include Waste Management (WM), Republic Services (RSG), Rollins (ROL), Tetra Tech (TTEK), Stericycle (SRCL), Clean Harbors (CLH), Casella Waste Systems (CWST), Covanta (CVA), US Ecology (ECOL), SP Plus (SP), Heritage-Crystal Clean (HCCI), Team (TISI), CECO Environmental (CECE), Acorn Energy (ACFN) and (MEA) (MEA).
View all of ABM's competitors.

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 retail and institutional investors. Top institutional investors include Pacer Advisors Inc. (0.13%), State of Alaska Department of Revenue (0.07%), Louisiana State Employees Retirement System (0.05%), Bellecapital International Ltd. (0.04%), Everence Capital Management Inc. (0.02%) and Gofen & Glossberg LLC IL (0.01%). Company insiders that own ABM Industries stock include Dean A Chin, Diego Anthony Scaglione, Linda Chavez, Rene Jacobsen, Scott B Salmirs and Scott J Giacobbe.
View institutional ownership trends for ABM Industries.

ABM stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Louisiana State Employees Retirement System. Company insiders that have sold ABM Industries company stock in the last year include Dean A Chin, Diego Anthony Scaglione, Linda Chavez, Rene Jacobsen, Scott B Salmirs, and Scott J Giacobbe.
View insider buying and selling activity for ABM Industries or view top insider-selling stocks.

ABM stock was acquired by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Bellecapital International Ltd., Everence Capital Management Inc., and Gofen & Glossberg LLC IL.
View insider buying and selling activity for ABM Industries or or view top insider-buying stocks.

Shares of ABM 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 $53.44.

ABM Industries has a market capitalization of $3.59 billion and generates $5.99 billion in revenue each year. The business services provider earns $300,000.00 in net income (profit) each year or $2.43 on an earnings per share basis.

ABM Industries employs 100,000 workers across the globe.

The official website for ABM Industries is www.abm.com.

ABM Industries is headquartered at One Liberty Plaza 7th Floor, New York NY, 10006.

ABM Industries' mailing address is One Liberty Plaza 7th Floor, New York NY, 10006. The business services provider can be reached via phone at 212-297-0200 or via email at [email protected]