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Saturday, December 9, 2023

ABM Industries Inc. (NYSE: ABM) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for ABM Industries Inc. (ABM) shows that investor sentiment remained same, with the stock’s consolidated last price to $41.62. The ABM Industries Inc. has recorded 177,958 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted ABM Advances Simplified and Customized EV Charging Infrastructure Through Exclusive Charging Network.

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Stocks Info

ABM Industries Inc. is listed on the NYSE in the Industrials sector while operating in the Specialty Business Services industry. At the end of the last regular session, the stock closed at $41.62 and fluctuated between $41.71 as its day high and $40.72 as its day low. The current market capitalization of ABM Industries Inc. is $2.73B. A total of 0.48 million shares were traded on the day, compared to an average of 458.57K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ABM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 69 BUYs and 39 SELLs from insiders. Insiders purchased 109,601 shares during that period but sold 90,356.

In the most recent transaction, JACOBSEN RENE sold 6,341 shares of ABM for 44.00 per share on Oct 13. After the transaction, the EVP & Chief Operating Officer now owns 59,059 company shares. In a previous transaction on Jun 02, SALMIRS SCOTT B sold 14,983 shares at 45.44 per share. ABM shares that President and CEO owns now total 350,391.

Among the insiders who sold shares, SALMIRS SCOTT B disposed of 100 shares on Apr 04 at a per-share price of $45.12. This resulted in the President and CEO holding 364,726 shares of ABM after the transaction. In another insider transaction, SALMIRS SCOTT B sold 4,334 shares at $45.09 per share on Apr 03. Company shares held by the President and CEO now total 364,826.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. ABM Industries Inc. pays an annual dividend of $0.86, resulting in a dividend yield of 2.07%, and it has a price to earnings (P/E) ratio of 11.70. ABM’s most recent ex-dividend date was 10/4/2023 when it declared a $0.22 quarterly dividend that was paid in cash on 11/6/2023. Previously, the company paid the dividend on 8/7/2023 with an ex-dividend date of 7/5/2023. The ABM stock dividend was $0.22 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ABM in the last 3 months, the mean price target is $46.17 with high estimates of $57.00 and low estimates of $40.00. In terms of 52-week highs and lows, ABM has a high of $49.58 and a low of $37.61.

As of this writing, ABM has an earnings estimate of $0.92 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.97 per share and a lower estimate of $0.89. The company reported an EPS of $0.9 in the last quarter, which was 4.70% higher than expectations of $0.86.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ABM’s latest balance sheet shows that the firm has $62.80M in Cash & Short Term Investments as of fiscal 2021. There were $1.03B in debt and $1.29B in liabilities at the time. Its Book Value Per Share was $28.39, while its Total Shareholder’s Equity was $1.61B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ABM is Buy with a score of 3.17.

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