ABM Industries Inc. (ABM) Hits New 1-Year High at $38.59
ABM Industries Inc. (NYSE:ABM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $38.59 and last traded at $38.27, with a volume of 48,279 shares changing hands. The stock had previously closed at $38.21.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of ABM Industries from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Monday, April 25th. Imperial Capital boosted their target price 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus 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 firm has a market capitalization of $2.14 billion and a P/E ratio of 37.427.
ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Wednesday, June 8th. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. During the same period last year, the firm earned $0.37 earnings per share. The business earned $1.26 billion during the quarter. The company’s revenue was up 6.9% compared to the same quarter last year. Analysts predict that ABM Industries Inc. will post $1.60 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Thursday, July 7th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.73%.
In other ABM Industries news, insider Thomas J. Marano sold 25,725 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of C$36.91, for a total transaction of C$949,509.75. Following the completion of the sale, the insider now directly owns 15,288 shares of the company’s stock, valued at C$564,280.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sarah H. Mcconnell sold 10,400 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of C$37.03, for a total transaction of C$385,112.00. Following the sale, the executive vice president now directly owns 76,666 shares of the company’s stock, valued at C$2,838,941.98. 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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