ABM Industries (ABM) Stock Price, News & Analysis

Company Overview

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments. The company offers janitorial, facilities engineering, and parking services for commercial real estate properties, including corporate offices for high tech clients, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities; provides vehicle maintenance and other services to rental car providers. It also offers integrated facility services, engineering, and other specialized services in various types of manufacturing, distribution, and data center facilities. In addition, the company delivers custodial and landscaping and grounds for public school districts, private schools, colleges, and universities. Further, it supports airlines and airports with services comprising passenger assistance, catering logistics, air cabin maintenance, and transportation services. Additionally, the company provides electric vehicle power design, installation, and maintenance, as well as microgrid systems installations. ABM Industries Incorporated was founded in 1909 and is headquartered in New York, New York.

Key Stats

• Today's Range: $56.38 to $57.63
• 50-Day Range: $50.27 to $58.61
• 52-Week Range: $39.64 to $59.78
• Volume: 243,551 shs
• Average Volume: 546,003 shs
• Market Capitalization: $3.57 billion
• P/E Ratio: 23.47
• Dividend Yield: 1.58%
• Price Target: $55.33
• Consensus Rating: Hold

ABM Industries Stock Analysis - MarketRank™

ABM Industries scored higher than 85% of companies evaluated by MarketBeat, and ranked 33rd out of 101 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

ABM Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

ABM Industries has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.40%

Earnings Growth

Earnings for ABM Industries are expected to grow by 3.40% in the coming year, from $3.53 to $3.65 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ABM Industries is 23.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of ABM Industries is 23.47, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 30.66.

Price to Book Value per Share Ratio

ABM Industries has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.78% of the float of ABM Industries has been sold short.

Short Interest Ratio / Days to Cover

ABM Industries has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ABM Industries has recently decreased by 17.91%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

ABM Industries pays a meaningful dividend of 1.63%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

ABM Industries has been increasing its dividend for 58 years.

Dividend Coverage

The dividend payout ratio of ABM Industries is 37.19%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, ABM Industries will have a dividend payout ratio of 24.66% next year. This indicates that ABM Industries will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.3 / 5
• Environmental Score: -3.62

Percentage of Shares Shorted

1.78% of the float of ABM Industries has been sold short.

Short Interest Ratio / Days to Cover

ABM Industries has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ABM Industries has recently decreased by 17.91%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.08

News Sentiment

ABM Industries has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for ABM Industries this week, compared to 5 articles on an average week.

Search Interest

Only 1 people have searched for ABM on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added ABM Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of -85% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, ABM Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,158,400.00 in company stock.

Percentage Held by Insiders

Only 1.04% of the stock of ABM Industries is held by insiders.

Percentage Held by Institutions

91.62% of the stock of ABM Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ABM Stock Analysis - Frequently Asked Questions

How have ABM shares performed this year?

ABM Industries' stock was trading at $44.83 on January 1st, 2024. Since then, ABM stock has increased by 26.7% and is now trading at $56.79.
View the best growth stocks for 2024 here.

How were ABM Industries' earnings last quarter?

ABM Industries Incorporated (NYSE:ABM) posted its earnings results on Friday, September, 6th. The business services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.08. The company's revenue for the quarter was up 3.3% on a year-over-year basis.

Who are ABM Industries' major shareholders?

Top institutional investors of ABM Industries include State Street Corp (5.32%), Geode Capital Management LLC (2.31%), Pzena Investment Management LLC (1.11%) and Charles Schwab Investment Management Inc. (1.08%). Insiders that own company stock include Scott B Salmirs, Rene Jacobsen, Joshua H Feinberg, Andrea R Newborn, Earl Ray Ellis, Dean A Chin, Raul Javier Valentin and Linda Chavez.
View institutional ownership trends.

How do I buy shares of ABM Industries?

Shares of ABM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ABM Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ABM Industries investors own include American Water Works (AWK), Waste Connections (WCN), AUO (AUOTY), Humana (HUM), DiamondRock Hospitality (DRH), The RMR Group (RMR) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 9/06/2024
• Ex-Dividend for 11/4 Dividend: 10/03/2024
• Dividend Payable: 11/04/2024
• Today: 11/22/2024
• Next Earnings (Estimated): 12/11/2024
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Services to dwellings & other buildings
• Sub-Industry: Environmental & Facilities Services
• Current Symbol: NYSE:ABM
• CUSIP: 00095710
• CIK: 771497
• Web: www.abm.com
• Phone: (212) 297-0200
• Fax: 212-297-0375
• Employees: 123,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $55.33
• High Stock Price Target: $56.00
• Low Stock Price Target: $55.00
• Potential Upside/Downside: -2.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.42
• Trailing P/E Ratio: 23.48
• Forward P/E Ratio: 16.10
• P/E Growth: N/A
• Net Income: $251.40 million
• Net Margins: 1.89%
• Pretax Margin: 2.67%
• Return on Equity: 12.93%
• Return on Assets: 4.75%

Debt

• Debt-to-Equity Ratio: 0.71
• Current Ratio: 1.38
• Quick Ratio: 1.38

Sales & Book Value

• Annual Sales: $8.27 billion
• Price / Sales: 0.43
• Cash Flow: $5.52 per share
• Price / Cash Flow: 10.29
• Book Value: $27.47 per share
• Price / Book: 2.07

Miscellaneous

• Outstanding Shares: 62,791,000
• Free Float: 62,138,000
• Market Cap: $3.57 billion
• Optionable: Optionable
• Beta: 1.14