Key Points
- CEO Scott Salmirs sold 50,000 shares of ABM Industries at an average price of $46.34, totaling about $2.32 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- ABM recently reported quarterly EPS of $0.90, missing analyst expectations by $0.02, even though revenue came in above estimates at $2.29 billion and rose 8.4% year over year.
- The company declared a quarterly dividend of $0.29 per share, or $1.16 annualized, for a yield of about 2.5%. Analyst sentiment remains cautious overall, with an average Hold rating and a $47 price target.
ABM Industries Incorporated (NYSE:ABM - Get Free Report) CEO Scott Salmirs sold 50,000 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.34, for a total value of $2,317,000.00. Following the completion of the sale, the chief executive officer directly owned 395,285 shares of the company's stock, valued at approximately $18,317,506.90. The trade was a 11.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ABM Industries Trading Down 0.4%
Shares of NYSE ABM opened at $45.97 on Friday. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.21 and a beta of 0.72. The business has a 50 day simple moving average of $40.27 and a 200 day simple moving average of $42.30. ABM Industries Incorporated has a 52 week low of $36.96 and a 52 week high of $50.12. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.50 and a current ratio of 1.46.
ABM Industries (NYSE:ABM - Get Free Report) last announced its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.21 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, research analysts predict that ABM Industries Incorporated will post 3.96 earnings per share for the current fiscal year.
ABM Industries Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.16 annualized dividend and a dividend yield of 2.5%. ABM Industries's payout ratio is presently 44.62%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on ABM. Truist Financial lowered their price target on ABM Industries from $47.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday, March 11th. Maxim Group raised ABM Industries from a "hold" rating to a "buy" rating and set a $50.00 price target for the company in a research note on Wednesday, March 11th. Weiss Ratings cut ABM Industries from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, May 4th. UBS Group lowered their price target on ABM Industries from $51.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, March 11th. Finally, Robert W. Baird boosted their price target on ABM Industries from $45.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, ABM Industries has an average rating of "Hold" and an average target price of $47.00.
View Our Latest Analysis on ABM Industries
Institutional Investors Weigh In On ABM Industries
Large investors have recently added to or reduced their stakes in the stock. Invenomic Capital Management LP boosted its position in ABM Industries by 86.6% during the third quarter. Invenomic Capital Management LP now owns 499,838 shares of the business services provider's stock worth $23,053,000 after purchasing an additional 231,988 shares during the period. Public Sector Pension Investment Board boosted its position in ABM Industries by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 242,869 shares of the business services provider's stock worth $11,201,000 after purchasing an additional 30,761 shares during the period. Kennondale Capital Management LLC boosted its position in ABM Industries by 85.6% during the third quarter. Kennondale Capital Management LLC now owns 65,779 shares of the business services provider's stock worth $3,034,000 after purchasing an additional 30,343 shares during the period. SG Americas Securities LLC boosted its position in ABM Industries by 206.5% during the fourth quarter. SG Americas Securities LLC now owns 37,849 shares of the business services provider's stock worth $1,601,000 after purchasing an additional 25,501 shares during the period. Finally, First Eagle Investment Management LLC bought a new stake in ABM Industries during the fourth quarter worth approximately $7,623,000. Institutional investors own 91.62% of the company's stock.
About ABM Industries
(
Get Free Report)
ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company's core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.
Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.
Further Reading
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