ABM Industries (ABM) Earns Daily Coverage Optimism Score of 0.04

Headlines about ABM Industries (NYSE:ABM) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ABM Industries earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 47.0809669368988 out of 100, meaning 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 stories that may have impacted Accern Sentiment Analysis’s scoring:

Shares of ABM Industries (ABM) opened at $38.87 on Tuesday. ABM Industries has a 12-month low of $36.61 and a 12-month high of $45.12. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $2,546.54, a PE ratio of 555.37 and a beta of 0.81.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Wednesday, December 13th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.12). ABM Industries had a return on equity of 9.74% and a net margin of 0.07%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. analysts predict that ABM Industries will post 1.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Thursday, January 4th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.80%. This is a positive change from ABM Industries’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, January 3rd. ABM Industries’s dividend payout ratio (DPR) is 1,000.14%.

Several analysts have recently commented on ABM shares. Zacks Investment Research lowered ABM Industries from a “hold” rating to a “strong sell” rating in a report on Friday, December 15th. TheStreet lowered ABM Industries from a “b” rating to a “c+” rating in a research note on Friday, December 29th. One research 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. The stock has an average rating of “Buy” and a consensus price target of $49.50.

In other ABM Industries news, Director Linda Chavez sold 2,103 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $38.89, for a total value of $81,785.67. Following the transaction, the director now directly owns 16,557 shares of the company’s stock, valued at approximately $643,901.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% 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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