Streetbeat News

ABM

ABM Industries Incorporated

https://www.abm.com

Industry

Specialty Business Services

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Technology & Manufacturing, Education, Aviation, and Technical Solutions segments. It provides janitorial, facilities engineering, parking, custodial, landscaping and ground, and mechanical and electrical services; and vehicle maintenance and other services to rental car providers. The company was incorporated in 1985 and is based in New York, New York.

Open

55.91

Mkt cap

3.5B

Volume

224K

High

56.08

P/E Ratio

22.73

52-wk high

59.78

Low

54.94

Div yield

0.02

52-wk low

39.64

ABM Industries is benefiting from its ELEVATE plan, which includes the acquisition of RavenVolt, allowing the company to expand into new markets. The company also maintains high liquidity, supporting its strategic initiatives.

Portfolio Pulse from

November 19, 2024 | 1:30 pm

ABM has announced a strategic partnership with Mainspring Energy to deploy Mainspring's Linear Generator technology, enhancing EV charging solutions for fleet, commercial, and industrial clients. This partnership aims to provide efficient, on-site power generation, supporting electrification strategies and reducing emissions.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:04 pm

UBS analyst Joshua Chan maintains a Neutral rating on ABM Industries (NYSE:ABM) but raises the price target from $51 to $55.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 2:06 pm

Truist Securities has maintained a Hold rating on ABM Industries while raising the price target from $49 to $55.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:48 pm

Baird analyst Andrew Wittmann maintains a Neutral rating on ABM Industries (NYSE:ABM) but raises the price target from $49 to $56.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:33 am

ABM Industries shares initially rose after reporting strong Q3 results and raising FY24 EPS guidance, but have since declined.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 8:00 pm

ABM Industries reported strong Q3 results, with a 3.3% increase in sales to $2.09 billion, surpassing expectations. The company raised its adjusted EPS outlook for 2024, contributing to a 6.95% rise in its stock price. Investments in energy markets and technology drove growth.

Portfolio Pulse from Lekha Gupta

September 06, 2024 | 12:44 pm

ABM Industries shares rose following the release of Q3 financial results that exceeded expectations. The company also increased its FY24 adjusted EPS guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:21 pm

ABM Industries has raised its fiscal year 2024 adjusted EPS outlook to a range of $3.48 to $3.55, up from the previous range of $3.40 to $3.50. This new guidance is slightly above the analyst estimate of $3.47.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 11:02 am

ABM Industries reported better-than-expected Q3 2024 earnings, with adjusted EPS of $0.94 beating the $0.86 estimate and sales of $2.094 billion surpassing the $2.037 billion estimate. This represents a 3.25% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 10:59 am

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