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NYSE:ABM

ABM Industries - ABM Stock Forecast, Price & News

$44.12
+0.39 (+0.89%)
(As of 03/20/2023 12:00 AM ET)
Add
Compare
Today's Range
$44.04
$44.94
50-Day Range
$43.73
$49.04
52-Week Range
$37.68
$54.00
Volume
332,102 shs
Average Volume
321,745 shs
Market Capitalization
$2.92 billion
P/E Ratio
15.32
Dividend Yield
1.99%
Price Target
$58.00

ABM Industries MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
31.5% Upside
$58.00 Price Target
Short Interest
Bearish
2.95% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.74
Upright™ Environmental Score
News Sentiment
0.77mentions of ABM Industries in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$250,444 Sold Last Quarter
Proj. Earnings Growth
11.14%
From $3.50 to $3.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.90 out of 5 stars

Construction Sector

8th out of 106 stocks

Services To Dwellings & Other Buildings Industry

1st out of 5 stocks


ABM stock logo

About ABM Industries (NYSE:ABM) Stock

ABM Industries, Inc. engages in the provision of facility, infrastructure, and mobility solutions. It operates through the following segments: Business and Industry, Manufacturing and Distribution, Education, Aviation, and Technical Solutions. The Business and Industry segment encompasses janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities. It also provides vehicle maintenance services to rental car providers. The Manufacturing and Distribution segment provides integrated facility services, engineering, janitorial, and other specialized services in different types of manufacturing, distribution, and data center facilities. The Education segment delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. The Aviation segment supports airlines and airports with parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation. The Technical Solutions segment specializes in facility infrastr

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ABM Stock News Headlines

ABM Industries, Incorporated
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
ABM Industries (NYSE:ABM) Shares Gap Down to $47.50
ABM Industries (NYSE:ABM) Issues Earnings Results
ABM Industries (NYSE:ABM) Lowered to Neutral at Robert W. Baird
Q1 2023 ABM Industries Inc Earnings Call
ABM Industries (ABM) Q1 Earnings Beat Estimates
ABM Reports First Quarter Fiscal 2023 Results
See More Headlines
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ABM Company Calendar

Ex-Dividend for 2/6 Dividend
1/04/2023
Dividend Payable
2/06/2023
Last Earnings
3/08/2023
Today
3/20/2023
Ex-Dividend for 5/1 Dividend
4/05/2023
Dividend Payable
5/01/2023
Next Earnings (Estimated)
6/14/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
Services to dwellings & other buildings
Sub-Industry
Environmental & Facilities Services
CUSIP
00095710
Employees
127,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$58.00
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$51.00
Forecasted Upside/Downside
+31.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$230.40 million
Pretax Margin
3.34%

Debt

Sales & Book Value

Annual Sales
$7.81 billion
Cash Flow
$5.41 per share
Book Value
$26.27 per share

Miscellaneous

Free Float
65,544,000
Market Cap
$2.92 billion
Optionable
Optionable
Beta
1.12

Key Executives

  • Scott Salmirs
    President, Chief Executive Officer & Director
  • Rene JacobsenRene Jacobsen
    Chief Operating Officer & Executive Vice President
  • Earl R. Ellis
    Chief Financial Officer & Executive Vice President
  • Melanie Kirkwood Ruiz
    Chief Information & Technology Officer
  • Mark Hawkinson
    President-Technical Solutions













ABM Stock - Frequently Asked Questions

Should I buy or sell ABM Industries stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ABM Industries in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ABM shares.
View ABM analyst ratings
or view top-rated stocks.

What is ABM Industries' stock price forecast for 2023?

2 analysts have issued twelve-month price objectives for ABM Industries' stock. Their ABM share price forecasts range from $51.00 to $65.00. On average, they expect the company's share price to reach $58.00 in the next year. This suggests a possible upside of 31.5% from the stock's current price.
View analysts price targets for ABM
or view top-rated stocks among Wall Street analysts.

How have ABM shares performed in 2023?

ABM Industries' stock was trading at $44.42 at the beginning of 2023. Since then, ABM stock has decreased by 0.7% and is now trading at $44.12.
View the best growth stocks for 2023 here
.

Are investors shorting ABM Industries?

ABM Industries saw a increase in short interest in the month of 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 days-to-cover ratio is presently 5.8 days. Currently, 3.0% of the shares of the company are sold short.
View ABM Industries' Short Interest
.

When is ABM Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 14th 2023.
View our ABM earnings forecast
.

How were ABM Industries' earnings last quarter?

ABM Industries Incorporated (NYSE:ABM) released its quarterly earnings data on Wednesday, March, 8th. The business services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The business services provider earned $1.99 billion during 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%. The firm's revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share.

How often does ABM Industries pay dividends? What is the dividend yield for ABM Industries?

ABM Industries announced a quarterly dividend on Wednesday, March 8th. Investors of record on Thursday, April 6th will be paid a dividend of $0.22 per share on Monday, May 1st. This represents a $0.88 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, April 5th.
Read our dividend analysis for ABM
.

Is ABM Industries a good dividend stock?

ABM Industries (NYSE:ABM) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.01%. 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 22.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABM.

What guidance has ABM Industries issued on next quarter's earnings?

ABM Industries issued an update on its FY23 earnings guidance on Wednesday, March, 8th. The company provided EPS guidance of $3.40-3.60 for the period, compared to the consensus estimate of $3.52.

What is Scott Salmirs' approval rating as ABM Industries' CEO?

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.

What other stocks do shareholders of ABM Industries own?

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).

What is ABM Industries' stock symbol?

ABM Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABM."

Who are ABM Industries' major shareholders?

ABM Industries' stock is owned by a variety of retail and institutional 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.
View institutional ownership trends
.

How do I buy shares of ABM Industries?

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.

What is ABM Industries' stock price today?

One share of ABM stock can currently be purchased for approximately $44.12.

How much money does ABM Industries make?

ABM Industries (NYSE:ABM) has a market capitalization of $2.92 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.

How many employees does ABM Industries have?

The company employs 127,000 workers across the globe.

How can I contact ABM Industries?

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.

This page (NYSE:ABM) was last updated on 3/20/2023 by MarketBeat.com Staff