ABM Industries Stock Forecast, Price & News

ABM Industries' stock was trading at $29.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ABM stock has increased by 40.1% and is now trading at $41.19.
View which stocks have been most impacted by COVID-19.

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ABM Industries in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ABM Industries stock.
View analyst ratings for ABM Industries or view MarketBeat's top 5 stock picks.

Wall Street analysts have given ABM Industries a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but ABM Industries wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

ABM Industries is scheduled to release its next quarterly earnings announcement on Wednesday, March 3rd 2021.
View our earnings forecast for ABM Industries.

ABM Industries Incorporated (NYSE:ABM) issued its quarterly earnings data on Tuesday, December, 15th. The business services provider reported $0.69 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.70 by $0.01. The business services provider had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.43 billion. ABM Industries had a return on equity of 11.07% and a net margin of 0.01%. ABM Industries's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS.
View ABM Industries' earnings history.

ABM Industries announced a quarterly dividend on Thursday, December 17th. Stockholders of record on Thursday, January 7th will be paid a dividend of $0.19 per share on Monday, February 1st. This represents a $0.76 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, January 6th. This is a positive change from ABM Industries's previous quarterly dividend of $0.19.
View ABM Industries' dividend history.

ABM Industries pays an annual dividend of $0.76 per share and currently has a dividend yield of 1.85%. 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 updated its first quarter earnings guidance on Wednesday, December, 16th. The company provided earnings per share guidance of $0.60-$0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.47.

6 brokerages have issued twelve-month price objectives for ABM Industries' stock. Their forecasts range from $27.00 to $48.00. On average, they expect ABM Industries' stock price to reach $40.60 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts' price targets for ABM Industries or view Wall Street analyst' top-rated stocks.

ABM Industries saw a decrease in short interest during the month of December. As of December 31st, there was short interest totaling 865,300 shares, a decrease of 31.9% from the December 15th total of 1,270,000 shares. Based on an average daily trading volume, of 362,700 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.3% of the company's stock are sold short.
View ABM Industries' Short Interest.

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 many different institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.08%). 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. 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.

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.

One share of ABM stock can currently be purchased for approximately $41.19.

ABM Industries has a market capitalization of $2.75 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 114,000 workers across the globe.

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

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]