ABM Industries (NYSE:ABM) Receiving Somewhat Favorable News Coverage, Study Shows

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Media headlines about ABM Industries (NYSE:ABM) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ABM Industries earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 47.1767964946172 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.

These are some of the news articles that may have effected Accern Sentiment’s rankings:

ABM has been the topic of a number of analyst reports. Robert W. Baird set a $40.00 price target on ABM Industries and gave the company a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research raised ABM Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Finally, ValuEngine downgraded ABM Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $45.75.

Shares of ABM stock traded down $0.14 on Wednesday, reaching $30.09. The company’s stock had a trading volume of 2,446 shares, compared to its average volume of 1,267,306. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.73 and a current ratio of 1.73. ABM Industries has a 12-month low of $28.17 and a 12-month high of $45.12. The company has a market capitalization of $1.98 billion, a PE ratio of 17.27 and a beta of 0.79.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Wednesday, June 6th. The business services provider reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.55 billion. ABM Industries had a return on equity of 7.79% and a net margin of 1.40%. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. sell-side analysts forecast that ABM Industries will post 1.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 6th. Investors of record on Thursday, July 5th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Tuesday, July 3rd. This represents a $0.70 annualized dividend and a dividend yield of 2.33%. ABM Industries’s payout ratio is presently 40.00%.

In other ABM Industries news, COO Scott J. Giacobbe sold 3,342 shares of ABM Industries stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $30.90, for a total transaction of $103,267.80. Following the sale, the chief operating officer now directly owns 62,186 shares of the company’s stock, valued at approximately $1,921,547.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is owned by company insiders.

ABM Industries Company Profile

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.

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

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