Shares of ABM Industries, Inc. (NYSE:ABM) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $47.67.
ABM has been the topic of several recent research reports. ValuEngine lowered ABM Industries from a “sell” rating to a “strong sell” rating in a report on Friday, June 1st. Robert W. Baird set a $40.00 price target on ABM Industries and gave the stock a “buy” rating in a report on Saturday, March 17th. Finally, Zacks Investment Research upgraded ABM Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th.
In other news, COO Scott J. Giacobbe sold 3,342 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $30.90, for a total value of $103,267.80. Following the transaction, the chief operating officer now owns 62,186 shares in the company, valued at $1,921,547.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
ABM Industries opened at $30.07 on Friday, according to MarketBeat. ABM Industries has a one year low of $28.17 and a one year high of $45.12. The company has a market cap of $1.97 billion, a P/E ratio of 17.18 and a beta of 0.81. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.76.
ABM Industries (NYSE:ABM) last released its earnings results on Wednesday, June 6th. The business services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. ABM Industries had a return on equity of 7.79% and a net margin of 1.40%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The firm’s revenue was up 20.6% on a year-over-year basis. research analysts predict that ABM Industries will post 1.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 6th. Shareholders of record on Thursday, July 5th will be issued a $0.175 dividend. The ex-dividend date is Tuesday, July 3rd. This represents a $0.70 annualized dividend and a yield of 2.33%. ABM Industries’s payout ratio is currently 40.00%.
About ABM Industries
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through five segments: Business & Industry, Aviation, Emerging Industries Group, Technical Solutions, and GCA Services. It offers janitorial, facilities engineering, parking, passenger assistance, catering, air cabin maintenance, transportation, and specialized mechanical and electrical services.
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