Somewhat Favorable Media Coverage Somewhat Unlikely to Affect ABM Industries (NYSE:ABM) Stock Price

Media stories about ABM Industries (NYSE:ABM) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public 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 0.10 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.4921572970676 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

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Shares of NYSE ABM traded up $0.67 during midday trading on Tuesday, hitting $33.48. 828,016 shares of the company’s stock were exchanged, compared to its average volume of 654,135. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.83. ABM Industries has a 12 month low of $32.35 and a 12 month high of $45.12. The company has a market capitalization of $2,194.97, a P/E ratio of 18.75 and a beta of 0.83.

ABM Industries (NYSE:ABM) last issued its earnings results on Tuesday, March 6th. The business services provider reported $0.26 EPS 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 the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s revenue was up 19.7% compared to the same quarter last year. analysts predict that ABM Industries will post 1.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 7th. Stockholders of record on Thursday, April 5th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.70 annualized dividend and a dividend yield of 2.09%. ABM Industries’s dividend payout ratio is currently 40.00%.

A number of research analysts have weighed in on the company. TheStreet downgraded ABM Industries from a “b” rating to a “c+” rating in a research note on Friday, December 29th. Zacks Investment Research upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, February 13th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $40.00 target price (up from $39.00) on shares of ABM Industries in a research note on Thursday, March 8th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.75.

In other news, Director Linda Chavez sold 2,103 shares of ABM Industries stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

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ABM Industries Company Profile

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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