ABM Industries Inc. (ABM) Sets New 1-Year High at $38.59
ABM Industries Inc. (NYSE:ABM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $38.59 and last traded at $38.27, with a volume of 48,279 shares trading hands. The stock had previously closed at $38.21.
Several brokerages recently issued reports on ABM. Imperial Capital lifted their price objective on shares of ABM Industries from $33.00 to $38.00 and gave the company a “hold” rating in a report on Thursday, June 23rd. Zacks Investment Research raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$27.30.
The stock has a 50-day moving average of $37.31 and a 200-day moving average of $33.96. The stock has a market cap of $2.14 billion and a price-to-earnings ratio of 37.42.
ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Wednesday, June 8th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company earned $1.26 billion during the quarter. During the same quarter in the prior year, the company posted $0.37 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that ABM Industries Inc. will post $1.60 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Thursday, July 7th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.73%.
In other news, CAO Dean A. Chin sold 937 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of C$34.50, for a total value of C$32,326.50. Following the transaction, the chief accounting officer now directly owns 18,676 shares in the company, valued at approximately C$644,322. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Dean A. Chin sold 848 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of C$34.00, for a total transaction of C$28,832.00. Following the completion of the transaction, the chief accounting officer now owns 19,613 shares in the company, valued at C$666,842. The disclosure for this sale can be found here.
ABM Industries Incorporated, formerly American Building Maintenance Industries, Inc, is a provider of end-to-end integrated facility solutions. The Company’s segments are Janitorial, Facility Services, Parking, Building & Energy Solutions, and Other. Its Janitorial segment provides a range of essential cleaning services, which include carpet cleaning and dusting, floor cleaning and finishing, window washing, and other building cleaning services.
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