ABM Industries (ABM) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ABM Industries in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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6 Wall Street research analysts have issued 1-year price objectives for ABM Industries' shares. Their ABM share price targets range from $40.00 to $53.00. On average, they anticipate the company's stock price to reach $45.20 in the next year. This suggests a possible upside of 12.4% from the stock's current price.
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ABM Industries' stock was trading at $44.83 on January 1st, 2024. Since then, ABM shares have decreased by 10.3% and is now trading at $40.21.
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ABM Industries saw a drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,390,000 shares, a drop of 26.1% from the December 15th total of 1,880,000 shares. Based on an average trading volume of 489,100 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.2% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024.
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ABM Industries Incorporated (NYSE:ABM) posted its earnings results on Wednesday, December, 13th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.92 by $0.09. The business services provider had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. ABM Industries had a net margin of 3.10% and a trailing twelve-month return on equity of 12.92%. ABM Industries's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS.

ABM Industries declared a quarterly dividend on Wednesday, December 13th. Stockholders of record on Thursday, January 4th will be paid a dividend of $0.225 per share on Monday, February 5th. This represents a $0.90 annualized dividend and a yield of 2.24%. The ex-dividend date is Wednesday, January 3rd. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for ABM.

ABM Industries (NYSE:ABM) pays an annual dividend of $0.90 per share and currently has a dividend yield of 2.24%. The company has been increasing its dividend for 57 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 23.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABM will have a dividend payout ratio of 25.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABM.

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), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), Invesco S&P SmallCap 600 Revenue ETF (RWJ), iShares S&P Small-Cap 600 Value ETF (IJS), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and SPDR S&P 600 Small CapValue ETF (SLYV).

ABM Industries issued an update on its FY 2024 earnings guidance on Wednesday, December, 13th. The company provided earnings per share guidance of 3.200-3.400 for the period, compared to the consensus EPS estimate of 3.280. The company issued revenue guidance of -.

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.

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).

ABM Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.46%), Copeland Capital Management LLC (1.68%), Norges Bank (1.11%), Charles Schwab Investment Management Inc. (1.01%), Principal Financial Group Inc. (0.54%) and Olstein Capital Management L.P. (0.39%). Insiders that own company stock include Andrea R Newborn, Andrea R Newborn, Art A Garcia, Dean A Chin, Joshua H Feinberg, Linda Chavez, Raul Javier Valentin, Rene Jacobsen, Scott B Salmirs and Scott B Salmirs.
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Shares of ABM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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