Somewhat Favorable Press Coverage Somewhat Unlikely to Impact ABM Industries (ABM) Share Price

News stories about ABM Industries (NYSE:ABM) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press 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 closest to one being the most favorable. ABM Industries earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 47.1145827647572 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

A number of research analysts have recently weighed in on ABM shares. Zacks Investment Research cut shares of ABM Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, December 15th. KeyCorp raised shares of ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $48.20.

ABM Industries (ABM) traded up $0.08 during mid-day trading on Tuesday, reaching $38.31. 506,889 shares of the company’s stock traded hands, compared to its average volume of 344,471. The stock has a market cap of $2,510.00, a PE ratio of 27.56 and a beta of 0.80. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 1.52. ABM Industries has a 12-month low of $36.61 and a 12-month high of $45.12.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Thursday, January 4th will be paid a dividend of $0.175 per share. The ex-dividend date is Wednesday, January 3rd. This is a boost from ABM Industries’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 1.83%. ABM Industries’s payout ratio is currently 48.92%.

In other news, SVP Dean A. Chin sold 880 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $42.90, for a total transaction of $37,752.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.

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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.

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