ABM Industries - ABM Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ABM Industries in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ABM shares.
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2 brokerages have issued twelve-month target prices for ABM Industries' stock. Their ABM share price forecasts range from $52.00 to $65.00. On average, they predict the company's stock price to reach $58.50 in the next year. This suggests a possible upside of 23.3% from the stock's current price.
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ABM Industries' stock was trading at $44.42 on January 1st, 2023. Since then, ABM shares have increased by 6.8% and is now trading at $47.45.
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ABM Industries saw a increase in short interest in January. As of January 15th, there was short interest totaling 1,680,000 shares, an increase of 7.7% from the December 31st total of 1,560,000 shares. Based on an average daily trading volume, of 309,100 shares, the days-to-cover ratio is presently 5.4 days. Currently, 2.6% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023.
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ABM Industries Incorporated (NYSE:ABM) announced its quarterly earnings data on Tuesday, December, 13th. The business services provider reported $0.89 EPS for the quarter, hitting analysts' consensus estimates of $0.89. The business services provider earned $2.01 billion during the quarter, compared to analysts' expectations of $1.98 billion. ABM Industries had a net margin of 2.95% and a trailing twelve-month return on equity of 14.72%.

ABM Industries declared a quarterly dividend on Monday, December 5th. Shareholders of record on Thursday, January 5th will be given a dividend of $0.22 per share on Monday, February 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, January 4th. This is a boost from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for ABM.

ABM Industries (NYSE:ABM) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.83%. 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 25.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABM will have a dividend payout ratio of 22.51% 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 Tuesday, December, 13th. The company provided earnings per share guidance of $3.40-3.60 for the period, compared to the consensus earnings per share estimate of $3.70.

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 number of retail and institutional investors. Top institutional shareholders include Copeland Capital Management LLC (1.89%), Gemmer Asset Management LLC (0.72%), Olstein Capital Management L.P. (0.33%), ProShare Advisors LLC (0.32%), Wedge Capital Management L L P NC (0.24%) and Envestnet Asset Management Inc. (0.20%). 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 $47.45.

ABM Industries (NYSE:ABM) has a market capitalization of $3.11 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 $3.41 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.