ABM Industries (NYSE:ABM) has received an average recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $47.67.
ABM has been the topic of a number of recent research reports. TheStreet lowered 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 “strong sell” rating to a “hold” rating and set a $44.00 target price on the stock in a research note on Monday, January 22nd. Finally, Robert W. Baird set a $40.00 target price on ABM Industries and gave the stock a “buy” rating in a research note on Friday, March 2nd.
NYSE:ABM opened at $31.95 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $2,081.55, a price-to-earnings ratio of 18.26 and a beta of 0.83. ABM Industries has a 12-month low of $31.70 and a 12-month high of $45.12.
ABM Industries (NYSE:ABM) last released its quarterly earnings data on Tuesday, March 6th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. ABM Industries had a net margin of 1.55% and a return on equity of 8.33%. ABM Industries’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. equities research analysts predict that ABM Industries will post 1.93 EPS for the current fiscal year.
The company 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 is Wednesday, April 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.19%. ABM Industries’s dividend payout ratio (DPR) is currently 40.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of ABM Industries by 0.9% during the fourth quarter. BlackRock Inc. now owns 7,098,049 shares of the business services provider’s stock worth $267,739,000 after purchasing an additional 60,393 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of ABM Industries by 4.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,438,303 shares of the business services provider’s stock worth $242,853,000 after purchasing an additional 299,019 shares during the period. Channing Capital Management LLC increased its stake in shares of ABM Industries by 25.2% during the fourth quarter. Channing Capital Management LLC now owns 1,833,221 shares of the business services provider’s stock worth $69,149,000 after purchasing an additional 369,363 shares during the period. Alliancebernstein L.P. increased its stake in shares of ABM Industries by 0.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,526,647 shares of the business services provider’s stock worth $57,585,000 after purchasing an additional 5,856 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of ABM Industries by 17.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,448,550 shares of the business services provider’s stock worth $54,639,000 after purchasing an additional 212,775 shares during the period. Institutional investors own 98.50% of the company’s stock.
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About ABM Industries
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.
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