ABM Industries Inc. Declares Quarterly Dividend of $0.16 (ABM)
ABM Industries (NYSE:ABM) announced a quarterly dividend on Tuesday, June 3rd, AnalystRatings.Net reports. Shareholders of record on Thursday, July 3rd will be paid a dividend of 0.155 per share on Monday, August 4th. This represents a $0.62 annualized dividend and a dividend yield of 2.31%.
On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of ABM Industries in a research note on Thursday, March 6th. They now have a $30.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.88.
Shares of ABM Industries (NYSE:ABM) traded down 1.79% on Tuesday, hitting $26.89. The stock had a trading volume of 227,918 shares. ABM Industries has a 52-week low of $23.74 and a 52-week high of $29.50. The stock’s 50-day moving average is $27.03 and its 200-day moving average is $27.68. The company has a market cap of $1.502 billion and a P/E ratio of 21.26.
ABM Industries (NYSE:ABM) last released its earnings data on Tuesday, June 3rd. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.07. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $0.36 earnings per share. ABM Industries’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that ABM Industries will post $1.64 EPS for the current fiscal year.
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.