ABM Industries (ABM) Getting Somewhat Positive Media Coverage, Study Finds

News articles about ABM Industries (NYSE:ABM) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ABM Industries earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 46.9000479804228 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

ABM has been the subject of several recent research reports. Zacks Investment Research lowered ABM Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, December 15th. TheStreet lowered ABM Industries from a “b” rating to a “c+” rating in a research report on Friday, December 29th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $40.00 price target (up from $39.00) on shares of ABM Industries in a research report on Thursday, March 8th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $45.75.

ABM Industries (NYSE:ABM) traded down $0.43 on Wednesday, hitting $37.12. The stock had a trading volume of 800,972 shares, compared to its average volume of 558,581. ABM Industries has a 52-week low of $33.29 and a 52-week high of $45.12. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.83. The company has a market cap of $2,492.61, a price-to-earnings ratio of 24.91 and a beta of 0.78.

ABM Industries (NYSE:ABM) last announced its earnings results on Tuesday, March 6th. The business services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02). ABM Industries had a return on equity of 8.33% and a net margin of 1.55%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. research analysts forecast that ABM Industries will post 1.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 7th. Investors of record on Thursday, April 5th will be paid a dividend of $0.175 per share. The ex-dividend date is Wednesday, April 4th. This represents a $0.70 annualized dividend and a yield of 1.89%. ABM Industries’s dividend payout ratio (DPR) is 46.98%.

In related news, Director Linda Chavez sold 2,103 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $38.89, for a total transaction of $81,785.67. Following the transaction, the director now directly owns 16,557 shares in the company, valued at approximately $643,901.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.81% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for ABM Industries (NYSE:ABM)

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