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NYSE:ABM

ABM Industries - ABM Stock Forecast, Price & News

$47.35
-0.10 (-0.21%)
(As of 02/8/2023 11:13 AM ET)
Add
Compare
Today's Range
$46.95
$47.38
50-Day Range
$43.73
$48.01
52-Week Range
$37.68
$54.00
Volume
33,019 shs
Average Volume
257,643 shs
Market Capitalization
$3.11 billion
P/E Ratio
13.89
Dividend Yield
1.85%
Price Target
$58.50

ABM Industries MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
23.7% Upside
$58.50 Price Target
Short Interest
Bearish
2.60% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.74
Upright™ Environmental Score
News Sentiment
0.53mentions of ABM Industries in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$115,718 Sold Last Quarter
Proj. Earnings Growth
11.40%
From $3.51 to $3.91 Per Share

Overall MarketRank

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

2.73 out of 5 stars

Construction Sector

2nd out of 107 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

Elon Musk Claims Solar Will Soon Power the World
The world's wealthiest person -- Elon Musk -- is a visionary investor. And he fully expects solar power to be our #1 energy source within a few decades. Utility-scale solar is already becoming the cheapest option for electricity generation globally. So with the push toward clean, renewable energy, it's no wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
The 3 Top Dividend Kings for 2023
Elon Musk Claims Solar Will Soon Power the World
The world's wealthiest person -- Elon Musk -- is a visionary investor. And he fully expects solar power to be our #1 energy source within a few decades. Utility-scale solar is already becoming the cheapest option for electricity generation globally. So with the push toward clean, renewable energy, it's no wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
New Strong Sell Stocks for January 13th (Revised)
Abm Industries (NYSE: ABM)
ABM Industries: A Clean Recovery From Covid Issues
See More Headlines
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ABM Company Calendar

Last Earnings
12/13/2022
Ex-Dividend for 2/6 Dividend
1/04/2023
Dividend Payable
2/06/2023
Today
2/08/2023
Next Earnings (Estimated)
3/14/2023
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
$58.50
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$52.00
Forecasted Upside/Downside
+23.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$230.40 million
Pretax Margin
3.97%

Debt

Sales & Book Value

Annual Sales
$7.81 billion
Cash Flow
$5.33 per share
Book Value
$25.96 per share

Miscellaneous

Free Float
65,247,000
Market Cap
$3.11 billion
Optionable
Optionable
Beta
1.14

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

What is ABM Industries' stock price forecast for 2023?

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.
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 on January 1st, 2023. Since then, ABM shares have increased by 6.8% and is now trading at $47.45.
View the best growth stocks for 2023 here
.

Are investors shorting ABM Industries?

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.
View ABM Industries' Short Interest
.

When is ABM Industries' next earnings date?

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

How were ABM Industries' earnings last quarter?

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%.

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

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
.

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 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.

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

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.

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 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.
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 $47.45.

How much money does ABM Industries make?

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.

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 2/8/2023 by MarketBeat.com Staff