ABM Industries CFO James S. Lusk Sells 1,445 Shares (ABM)
ABM Industries (NYSE:ABM) CFO James S. Lusk sold 1,445 shares of ABM Industries stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $27.23, for a total value of $39,347.35. Following the transaction, the chief financial officer now directly owns 57,822 shares in the company, valued at approximately $1,574,493. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
ABM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of ABM Industries in a research note on Thursday, June 5th. They now have a $28.00 price target on the stock. Analysts at Imperial Capital cut their price target on shares of ABM Industries from $29.50 to $29.00 in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.25.
ABM Industries (NYSE:ABM) opened at 27.20 on Friday. ABM Industries has a 52 week low of $24.11 and a 52 week high of $29.50. The stock’s 50-day moving average is $26.77 and its 200-day moving average is $27.52. The company has a market cap of $1.523 billion and a P/E ratio of 22.23.
ABM Industries (NYSE:ABM) last issued its quarterly 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. On average, analysts predict that ABM Industries will post $1.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 4th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Tuesday, July 1st.
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility solutions.
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