NYSE:ABM ABM Industries (ABM) Stock Forecast, Price & News $46.22 +2.09 (+4.74%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$44.58▼$46.3450-Day Range$40.88▼$46.2352-Week Range$37.68▼$50.47Volume332,540 shsAverage Volume245,926 shsMarket Capitalization$3.06 billionP/E Ratio16.05Dividend Yield1.90%Price Target$51.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability ABM Industries MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside7.1% Upside$49.50 Price TargetShort InterestHealthy2.25% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.42Upright™ Environmental ScoreNews Sentiment0.53Based on 13 Articles This WeekInsider TradingSelling Shares$816,038 Sold Last QuarterProj. Earnings Growth10.60%From $3.49 to $3.86 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.22 out of 5 starsConstruction Sector43rd out of 105 stocksServices To Dwellings & Other Buildings Industry2nd out of 5 stocks 1.0 Analyst's Opinion Consensus RatingABM Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $49.50, ABM Industries has a forecasted upside of 7.1% from its current price of $46.22.Amount of Analyst CoverageABM Industries has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.25% of the float of ABM Industries has been sold short.Short Interest Ratio / Days to CoverABM Industries has a short interest ratio ("days to cover") of 4.7.Change versus previous monthShort interest in ABM Industries has recently decreased by 2.65%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend YieldABM Industries pays a meaningful dividend of 1.99%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthABM Industries has been increasing its dividend for 55 years.Dividend CoverageThe dividend payout ratio of ABM Industries is 30.56%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, ABM Industries will have a dividend payout ratio of 22.80% next year. This indicates that ABM Industries will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreABM Industries has received a 33.91% net impact score from Upright. ABM Industries seems to create the most significant positive value in categories "Jobs", "Taxes", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Repair and maintenance of electrical wiring", "Valet parking services", "Repair and maintenance of HVAC systems for buildings", and "Parking lot services" products. See details.Environmental SustainabilityThe Environmental Impact score for ABM Industries is -2.42. Previous Next 2.5 News and Social Media Coverage News SentimentABM Industries has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 13 news articles for ABM Industries this week, compared to 5 articles on an average week.Search Interest14 people have searched for ABM on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, ABM Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $816,038.00 in company stock.Percentage Held by InsidersOnly 0.85% of the stock of ABM Industries is held by insiders.Percentage Held by Institutions92.15% of the stock of ABM Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for ABM Industries are expected to grow by 10.60% in the coming year, from $3.49 to $3.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ABM Industries is 16.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.50.Price to Earnings Ratio vs. SectorThe P/E ratio of ABM Industries is 16.05, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 12.78.Price to Book Value per Share RatioABM Industries has a P/B Ratio of 1.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About ABM Industries (NYSE:ABM) StockABM 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 infrastrRead More Receive ABM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ABM Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address ABM Stock News HeadlinesJune 3, 2023 | americanbankingnews.comABM Industries (NYSE:ABM) Coverage Initiated by Analysts at UBS GroupJune 2, 2023 | finance.yahoo.comABM Announces Shuttle Transportation Expansion and New Bus Fleet Electrification Project at Tampa International AirportJune 3, 2023 | Stansberry Research (Ad)Why 2023 Could Kick Off a "Cash Frenzy" in StocksBut the analyst who called the Lehman Collapse says to expect a "Cash Frenzy" instead.June 2, 2023 | msn.comUBS Initiates Coverage of ABM Industries (ABM) with Neutral RecommendationJune 1, 2023 | finance.yahoo.comABM Partners with Ohio-based Automotive Dealership to Increase EV Charging Infrastructure to Serve a New Generation of ModelsMay 31, 2023 | finance.yahoo.comABM Extends Partnership With Orlando International AirportMay 26, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for ABM Industries Incorporated (NYSE:ABM) Raised by AnalystMay 23, 2023 | finance.yahoo.comABM to Announce Second Quarter 2023 Financial ResultsJune 3, 2023 | Legacy Research (Affiliate) (Ad)From -60% Account to Doubling His Money?After helping his readers double their money 13 TIMES in the last year alone… There’s ONE person trader Jeff Clark has NOT been able to help! His 23-year-old son, Grant.May 22, 2023 | msn.comB2B Healthcare Marketing Trends You Need to Know for 2023May 19, 2023 | finance.yahoo.comHere's Why You Should Retain ABM Industries (ABM) StockMay 19, 2023 | americanbankingnews.comABM Industries (NYSE:ABM) Coverage Initiated by Analysts at StockNews.comMay 18, 2023 | finance.yahoo.comGlobal Cleaning Services Market Report 2023: Rapid Urbanization Drives GrowthMay 17, 2023 | bizjournals.comNew York company laying off nearly 90 workers at UTSAMay 16, 2023 | finance.yahoo.comABM Named a 2023 DiversityInc Noteworthy CompanyMay 16, 2023 | marketwatch.comCleaning Services Market Overview, Key Players Analysis, Opportunities, Comprehensive Research Study, Competitive Landscape and Forecast to 2030May 15, 2023 | marketwatch.comMilitary Aircraft Exterior Cleaning Services Market Likely to Enjoy Remarkable Growth with Immaculateflight, ABM, JetFast, Diener Aviation ServicesMay 13, 2023 | msn.comNew EV testing, training center coming to Forsyth CountyMay 11, 2023 | finance.yahoo.comABM Announces Plan to Build First-of-its-Kind EV Ecosystem HubMay 10, 2023 | marketwatch.comAccount Based Market Research | 2023-2030May 10, 2023 | finance.yahoo.comABM Industries (NYSE:ABM) shareholders have earned a 9.2% CAGR over the last five yearsMay 10, 2023 | marketwatch.comJanitorial Cleaning Services Market Details in New Research Report Forecast to 2029 with ABM Industries, The Service Master Company, CleanNetMay 8, 2023 | marketwatch.comThe Future of Account Based Marketing (ABM) Software Market: 2023-2031 Growth OutlookMay 5, 2023 | marketwatch.comJanitorial Cleaning Services Market 2023, Top Factors that Will Boost the Janitorial Cleaning Services MarketApril 25, 2023 | americanbankingnews.comEquities Analysts Issue Forecasts for ABM Industries Incorporated's Q1 2024 Earnings (NYSE:ABM)April 19, 2023 | technews.tmcnet.comMRP positioned as the Leader in the 2023 SPARK Matrix™ for Account-Based Marketing (ABM) Platform by Quadrant Knowledge SolutionsApril 16, 2023 | marketwatch.com2023-2031 "Janitorial Cleaning Services Market" Booming Trends Forecast with 110 PagesSee More Headlines ABM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ABM Company Calendar Last Earnings3/08/2023Ex-Dividend for 5/1 Dividend4/05/2023Dividend Payable5/01/2023Today6/03/2023Next Earnings (Confirmed)6/06/2023Fiscal Year End10/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Services to dwellings & other buildings Sub-IndustryEnvironmental & Facilities Services SectorConstruction Current SymbolNYSE:ABM CUSIP00095710 CIK771497 Webwww.abm.com Phone(212) 297-0200Fax212-297-0375Employees127,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$49.50 High Stock Price Forecast$51.00 Low Stock Price Forecast$48.00 Forecasted Upside/Downside+10.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.88 Trailing P/E Ratio16.05 Forward P/E Ratio13.24 P/E GrowthN/ANet Income$230.40 million Net Margins2.45% Pretax Margin3.34% Return on Equity13.85% Return on Assets4.97% Debt Debt-to-Equity Ratio0.69 Current Ratio1.30 Quick Ratio1.30 Sales & Book Value Annual Sales$7.86 billion Price / Sales0.39 Cash Flow$5.62 per share Price / Cash Flow8.23 Book Value$25.96 per share Price / Book1.78Miscellaneous Outstanding Shares66,106,000Free Float65,544,000Market Cap$3.06 billion OptionableOptionable Beta1.10 Key ExecutivesScott SalmirsPresident, Chief Executive Officer & DirectorRene JacobsenChief Operating Officer & Executive Vice PresidentEarl R. EllisChief Financial Officer & Executive Vice PresidentMelanie Kirkwood RuizChief Information & Technology OfficerMark HawkinsonPresident-Technical SolutionsKey CompetitorsFrontdoorNASDAQ:FTDRTri Pointe HomesNYSE:TPHM.D.C.NYSE:MDCInstalled Building ProductsNYSE:IBPBoise CascadeNYSE:BCCView All CompetitorsInsiders & InstitutionsScott B SalmirsSold 14,983 sharesTotal: $680,827.52 ($45.44/share)ProShare Advisors LLCSold 6,562 shares on 5/26/2023Ownership: 0.310%Ameriprise Financial Inc.Bought 21,116 shares on 5/22/2023Ownership: 1.321%JPMorgan Chase & Co.Bought 53,052 shares on 5/18/2023Ownership: 1.656%New York State Common Retirement FundSold 13,712 shares on 5/18/2023Ownership: 0.053%View All Insider TransactionsView All Institutional Transactions ABM Stock - Frequently Asked Questions Should I buy or sell ABM Industries stock right now? 2 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 for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ABM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABM, but not buy additional shares or sell existing shares. View ABM analyst ratings or view top-rated stocks. What is ABM Industries' stock price forecast for 2023? 2 Wall Street research analysts have issued twelve-month price objectives for ABM Industries' stock. Their ABM share price forecasts range from $48.00 to $51.00. On average, they anticipate the company's stock price to reach $49.50 in the next twelve months. This suggests a possible upside of 7.1% 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 the year. Since then, ABM stock has increased by 4.1% and is now trading at $46.22. View the best growth stocks for 2023 here. When is ABM Industries' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023. View our ABM earnings forecast. How can I listen to ABM Industries' earnings call? ABM Industries will be holding an earnings conference call on Tuesday, June 6th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 844-512-2921 with passcode "13738428". How were ABM Industries' earnings last quarter? ABM Industries Incorporated (NYSE:ABM) announced its quarterly earnings data on Wednesday, March, 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The business services provider earned $1.99 billion during the quarter, compared to the consensus estimate 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 business's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. How often does ABM Industries pay dividends? What is the dividend yield for ABM Industries? ABM Industries declared a quarterly dividend on Wednesday, March 8th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, April 5th. Read our dividend analysis for ABM. What ETFs hold ABM Industries' stock? ETFs with the largest weight of ABM Industries (NYSE:ABM) stock in their portfolio include VanEck Environmental Services ETF (EVX), Dividend Performers ETF (IPDP), Invesco S&P SmallCap Industrials ETF (PSCI), ProShares Russell US Dividend Growers ETF (TMDV), ProShares Russell 2000 Dividend Growers ETF (SMDV), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), Qraft AI-Enhanced Next Value ETF (NVQ) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). 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 1.99%. 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 22.80% 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 updated 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 earnings per share 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.17%), State Street Corp (10.52%), Dimensional Fund Advisors LP (6.90%), Victory Capital Management Inc. (3.19%), Boston Partners (2.79%) and Macquarie Group Ltd. (2.78%). Insiders that own company stock include Andrea R Newborn, Art A Garcia, Dean A Chin, 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 $46.22. How much money does ABM Industries make? ABM Industries (NYSE:ABM) has a market capitalization of $3.06 billion and generates $7.86 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 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding ABM Industries Incorporated Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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