An Evaluation Of ABM Industries Inc. (NYSE: ABM) Prospects

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed ABM Serving as Critical Support for U.S. Semiconductor Manufacturing as Sector Grows Domestic Capacity.

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Stocks Info

ABM belongs to the Industrials sector of the NYSE while operating in the Specialty Business Services industry. The current market capitalization of ABM Industries Inc. is $2.82B. A total of 0.64 million shares were traded on the day, compared to an average of 588.20K shares.

In the most recent transaction, JACOBSEN RENE sold 5,563 shares of ABM for 43.59 per share on Mar 25 ’24. After the transaction, the EVP & Chief Operating Officer now owns 111,677 company shares. In a previous transaction on Mar 22 ’24, CHIN DEAN A sold 5,465 shares at 44.89 per share. ABM shares that SVP – Chief Accounting Officer owns now total 19,972.

Among the insiders who sold shares, JACOBSEN RENE disposed of 6,341 shares on Dec 22 ’23 at a per-share price of $45.50. This resulted in the EVP & Chief Operating Officer holding 52,849 shares of ABM after the transaction. In another insider transaction, SALMIRS SCOTT B sold 25,000 shares at $50.00 per share on Dec 13 ’23. Company shares held by the President and CEO now total 326,690.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. ABM Industries Inc. pays an annual dividend of $0.89, resulting in a dividend yield of 1.98%, and it has a price to earnings (P/E) ratio of 11.40. ABM’s most recent ex-dividend date was 4/3/2024 when it declared a $0.2250 quarterly dividend that was paid in cash on 5/6/2024. Previously, the company paid the dividend on 2/5/2024 with an ex-dividend date of 1/3/2024. The ABM stock dividend was $0.2250 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ABM has a high of $53.05 and a low of $37.61.

As of this writing, ABM has an earnings estimate of $0.79 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.84 per share and a lower estimate of $0.74. The company reported an EPS of $1.01 in the last quarter, which was 9.80% higher than expectations of $0.92.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $28.80, while its Total Shareholder’s Equity was $1.61B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.14.

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