ABM Industries (ABM) Receiving Positive Press Coverage, Report Shows
News headlines about ABM Industries (NYSE:ABM) have trended positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ABM Industries earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.7299513573575 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Insider Selling: ABM Industries Incorporated (ABM) Insider Sells 1,963 Shares of Stock (americanbankingnews.com)
- ABM Industries Incorporated (NYSE:ABM) Traded 5.5% Above Its 50 Day Moving Average (highlightpress.com)
- ABM to Save McIntosh County Board of Education more than $20.9 Million in Operating Costs (finance.yahoo.com)
- ABM Industries Incorporated (NYSE:ABM) Sees Light Trading Volume with 15K Shares Changing Hands (highlightpress.com)
- ABM Industries, Inc. – Value Analysis (NYSE:ABM) : July 31, 2017 (finance.yahoo.com)
Shares of ABM Industries (NYSE ABM) traded up 0.02% during mid-day trading on Friday, hitting $44.76. The stock had a trading volume of 323,121 shares. ABM Industries has a 12-month low of $36.63 and a 12-month high of $45.03. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 198.93 and a beta of 0.80. The stock’s 50-day moving average price is $42.41 and its 200-day moving average price is $42.17.
ABM Industries (NYSE:ABM) last released its quarterly earnings data on Wednesday, June 7th. The business services provider reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. ABM Industries had a net margin of 0.25% and a return on equity of 11.44%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company earned $0.31 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that ABM Industries will post $1.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Investors of record on Thursday, July 6th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, July 3rd. ABM Industries’s dividend payout ratio is currently 283.33%.
Several analysts have recently commented on ABM shares. Zacks Investment Research cut ABM Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Robert W. Baird set a $50.00 target price on ABM Industries and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Sidoti raised ABM Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $49.00 to $55.00 in a research report on Thursday, July 13th. Finally, BidaskClub raised ABM Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. ABM Industries currently has a consensus rating of “Buy” and a consensus price target of $48.25.
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In related news, insider Rene Jacobsen sold 940 shares of the company’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $40.92, for a total value of $38,464.80. Following the completion of the sale, the insider now owns 22,729 shares in the company, valued at approximately $930,070.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James P. Mcclure sold 1,970 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $42.74, for a total transaction of $84,197.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,713 shares of company stock valued at $459,809. 1.30% of the stock is owned by corporate insiders.
About ABM Industries
ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.
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