Somewhat Favorable News Coverage Somewhat Unlikely to Affect ABM Industries (ABM) Stock Price

News stories about ABM Industries (NYSE:ABM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ABM Industries earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.1632914311831 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of ABM Industries (ABM) opened at 42.97 on Wednesday. The stock has a 50 day moving average price of $41.86 and a 200-day moving average price of $42.56. The company has a market cap of $2.80 billion, a P/E ratio of 167.85 and a beta of 0.80. ABM Industries has a 1-year low of $37.12 and a 1-year high of $45.12.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. ABM Industries had a net margin of 0.29% and a return on equity of 11.37%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. Analysts predict that ABM Industries will post $1.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.58%. ABM Industries’s payout ratio is 251.86%.

A number of research firms have recently commented on ABM. Zacks Investment Research downgraded ABM Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub downgraded ABM Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Robert W. Baird set a $47.00 price objective on ABM Industries and gave the stock a “buy” rating in a research note on Thursday, August 24th. Sidoti raised ABM Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $55.00 in a research note on Thursday, July 13th. Finally, KeyCorp raised ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research note on Monday, September 11th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $48.20.

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In other ABM Industries news, SVP Dean A. Chin sold 632 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $44.95, for a total value of $28,408.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James P. Mcclure sold 1,963 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $44.44, for a total value of $87,235.72. The disclosure for this sale can be found here. Insiders sold a total of 15,069 shares of company stock worth $618,769 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

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)

Insider Buying and Selling by Quarter for ABM Industries (NYSE:ABM)

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