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29100.0 | 2023-09-07 00:00:00 UTC | ABM Industries (ABM) Q3 Earnings Lag Estimates | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q3-earnings-lag-estimates | nan | nan | ABM Industries (ABM) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -10.23%. A quarter ago, it was expected that this provider of cleaning and other maintenance services for commercial buildings, hospitals and airports would post earnings of $0.86 per share when it actually produced earnings of $0.90, delivering a surprise of 4.65%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $2.03 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 0.39%. This compares to year-ago revenues of $1.96 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
ABM Industries shares have added about 0.9% since the beginning of the year versus the S&P 500's gain of 16.3%.
What's Next for ABM Industries?
While ABM Industries has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ABM Industries: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.94 on $2.08 billion in revenues for the coming quarter and $3.51 on $8.08 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Maintenance Service is currently in the top 3% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Business Services sector, Accenture (ACN), is yet to report results for the quarter ended August 2023. The results are expected to be released on September 28.
This consulting company is expected to post quarterly earnings of $2.63 per share in its upcoming report, which represents a year-over-year change of +1.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Accenture's revenues are expected to be $16.06 billion, up 4.1% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries (ABM) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.88 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $2.03 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 0.39%. ABM Industries shares have added about 0.9% since the beginning of the year versus the S&P 500's gain of 16.3%. | ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $2.03 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 0.39%. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Accenture PLC (ACN) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries (ABM) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.88 per share. | ABM Industries (ABM) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.88 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $2.03 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 0.39%. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Accenture PLC (ACN) : Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries (ABM) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.88 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $2.03 billion for the quarter ended July 2023, surpassing the Zacks Consensus Estimate by 0.39%. ABM Industries shares have added about 0.9% since the beginning of the year versus the S&P 500's gain of 16.3%. |
29101.0 | 2023-09-07 00:00:00 UTC | ABM Industries is Oversold | ABM | https://www.nasdaq.com/articles/abm-industries-is-oversold-0 | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making ABM Industries, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABM entered into oversold territory, changing hands as low as $38.08 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of ABM Industries, Inc., the RSI reading has hit 20.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 43.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, ABM's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 1.96% based upon the recent $44.81 share price.
A bullish investor could look at ABM's 20.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABM is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at ABM's 20.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making ABM Industries, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABM entered into oversold territory, changing hands as low as $38.08 per share. | In the case of ABM Industries, Inc., the RSI reading has hit 20.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 43.7. Indeed, ABM's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 1.96% based upon the recent $44.81 share price. ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. | In the case of ABM Industries, Inc., the RSI reading has hit 20.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 43.7. ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making ABM Industries, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABM entered into oversold territory, changing hands as low as $38.08 per share. | In the case of ABM Industries, Inc., the RSI reading has hit 20.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 43.7. Indeed, ABM's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 1.96% based upon the recent $44.81 share price. ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. |
29102.0 | 2023-09-07 00:00:00 UTC | Maximus (MMS) Stock Gains 32% in a Year: What You Should Know | ABM | https://www.nasdaq.com/articles/maximus-mms-stock-gains-32-in-a-year%3A-what-you-should-know | nan | nan | Maximus, Inc. MMS shares have had an impressive run over the past year. The stock has rallied 32.2% compared with the 22.9% rise of the industry it belongs to and the 11.6% increase of the Zacks S&P 500 composite.
What’s Behind the Rally
Maximus is a leading operator of government health and human services programs globally. The company maintains solid relationships and a strong reputation with governments and long-term contracts provide it with a steady flow of revenues. Moreover, increased longevity and more complex health needs have increased the need for government social benefits and safety-net programs. This is likely to continue driving demand for its services.
Maximus, Inc. Price
Maximus, Inc. price | Maximus, Inc. Quote
The company has a solid track record of dividend payments. During fiscal 2022, 2021 and 2020, Maximus paid cash dividends of $68.7 million, $68.8 million and $70.2 million, respectively. Such moves indicate the company's commitment to creating value for shareholders and underline its confidence in its business.
Maximus has been active on the acquisition front to expand its business processes, knowledge and client relationships, enhance technical capabilities and gain additional skill sets. Strategic acquisitions also complement the company’s long-term organic growth strategy. The 2022 acquisition of Stirling Institute of Australia has strengthened its employment services. Another acquisition, BZ Bodies, has strengthened Maximus’ services within the U.K. Both businesses are within its Outside the U.S. segment.
Maximus' current ratio (a measure of liquidity) at the end of third-quarter fiscal 2023 was pegged at 1.46, higher than the prior quarter’s 1.4. A current ratio of more than 1 indicates that the company should not have problems meeting its short-term obligations.
Zacks Rank and Stocks to Consider
Maximus currently carries a Zacks Rank #3 (Hold).
Here are a few better-ranked stocks from the broader Business Service sector that warrant a look
DocuSign DOCU beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 25.6%. The current consensus estimate for revenues indicates an 8.1% increase from the year-ago figure. The consensus mark for earnings is pegged at $2.52 per share, indicating 24.1% year-over-year growth. DOCU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ABM Industries ABM beat the Zacks Consensus Estimate in three of the four trailing quarters and matched on one instance, the average surprise being 2.64%. The Zacks Consensus Estimate for fiscal 2023 revenues is pegged at $8.08 billion, 3.5% higher than the year ago reported figure. The consensus estimate for bottom line is pegged at $3.51, indicating a 4.1% year-over-year decline. ABM carries Zacks Rank #2 (Buy).
Accenture ACN currently carries a Zacks Rank #2. The Zacks Consensus Estimate for fiscal 2023 revenues is pegged at $64.18 billion, 4.2% higher than the year-ago reported figure. The consensus estimate for ACN’s bottom line is pegged at $11.59, indicating 4.2% year-over-year growth. It beat the Zacks Consensus Estimate in all the four trailing quarters, with an average of 5.7%.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM beat the Zacks Consensus Estimate in three of the four trailing quarters and matched on one instance, the average surprise being 2.64%. ABM carries Zacks Rank #2 (Buy). Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Maximus, Inc. (MMS) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Maximus, Inc. (MMS) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM beat the Zacks Consensus Estimate in three of the four trailing quarters and matched on one instance, the average surprise being 2.64%. ABM carries Zacks Rank #2 (Buy). | Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Maximus, Inc. (MMS) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM beat the Zacks Consensus Estimate in three of the four trailing quarters and matched on one instance, the average surprise being 2.64%. ABM carries Zacks Rank #2 (Buy). | ABM Industries ABM beat the Zacks Consensus Estimate in three of the four trailing quarters and matched on one instance, the average surprise being 2.64%. ABM carries Zacks Rank #2 (Buy). Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Maximus, Inc. (MMS) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29103.0 | 2023-09-07 00:00:00 UTC | Reasons Why You Should Retain Genpact (G) in Your Portfolio | ABM | https://www.nasdaq.com/articles/reasons-why-you-should-retain-genpact-g-in-your-portfolio | nan | nan | Genpact Limited G maintains a strong foothold in the BPO services market, driven by its domain expertise in business analytics, digital solutions, and consulting. This competitive edge is further reinforced by its diverse and robust clientele worldwide. Additionally, the company's commitment to consistently rewarding shareholders with both dividend payments and share repurchases not only enhances investor confidence but also contributes positively to its earnings per share.
Genpact has an impressive Growth Score of B. This style score condenses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of its growth.
Factors That Augur Well
Genpact is a dominant player in the BPO services market, excelling in business analytics, digital solutions, and consulting. The company provides industry-specific solutions for IIoT, user experience, supply-chain management, data engineering, digital content management, risk management, procurement, logistics, and more. Genpact's integration of process, analytics, and digital technologies, along with deep domain expertise, attract a growing customer base. Strategic acquisitions, cost control, and share repurchases are expected to drive long-term success.
Genpact Limited Revenue (TTM)
Genpact Limited revenue-ttm | Genpact Limited Quote
Artificial Intelligence (AI) presents a significant growth opportunity for Genpact. Digital Smart Enterprise Processes , which is a patented approach, enhances efficiency and process quality using AI, specialized digital tech, Lean Six Sigma, and experience-centric principles. Genpact Cora, an automation to AI platform, accelerates digital transformations. Acquisitions like Rage Framework and design thinking-focused firms expand Genpact's AI portfolio, positioning it well for future AI advancements.
Genpact's commitment to shareholders is evident through share repurchases and dividends. In 2022, the company repurchased $214.1 million worth of shares, with $298.2 million in 2021 and $137.1 million in 2020. Dividend payments totaled $91.8 million in 2022, $80.5 million in 2021, and $74.2 million in 2020, reflecting Genpact's dedication to creating shareholder value and confidence in its business.
Genpact's current ratio at the end of second-quarter 2023 was pegged at 1.88, higher than the current ratio of 1.84 reported at the end of the prior-quarter and the year-ago quarter’s 1.58. Increasing current ratio bodes well as it indicates that the company will have no problem meeting its short-term debt obligations.
Some Risks
The outsourcing sector relies heavily on foreign talent and is labor-intensive. Increased competition for talent may lead to higher labor costs, potentially limiting the industry's growth. Genpact, as a player in this sector, could be impacted by these challenges.
Genpact also faces a notable concentration of clients in specific geographic regions. In 2022, more than 50% of the company's revenues came from clients in India, and more than 20% from clients in North and Latin America. Furthermore, in 2022, more than 35% of Genpact's revenues were generated from clients in the High Tech and Manufacturing sector. This level of dependency on particular regions and industries may pose long-term concerns for investors.
G currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Here are a few better-ranked stocks from the broader Business Service sector that warrant a look:
DocuSign DOCU beat the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 25.6%. The current consensus estimate for revenues indicates an 8.1% increase from the year-ago figure. The consensus mark for earnings is pegged at $2.52 per share, indicating 24.1% year-over-year growth. DOCU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ABM Industries ABM has beat the Zacks Consensus Estimate in three of the four trailing quarters and matched on one instance. The average surprise is 2.64%.The consensus estimate for fiscal 2023 revenues is pegged at $8.08 billion, which is 4.2% higher than the year-ago reported figure. The consensus estimate for the bottom line is pegged at $3.51 per share, indicating a 4.1% year-over-year decline. ABM holds a Zacks Rank #2 (Buy).
Accenture ACN carries a Zacks Rank of 2. The Zacks Consensus Estimate for fiscal 2023 revenues is pegged at $64.18 billion, which is 4.2% higher than the year-ago reported figure. The consensus estimate for ACN’s bottom line is pegged at $11.59 per share, indicating 4.2% year-over-year growth. It beat the consensus estimate in all the four trailing quarters, the average surprise being 5.7%.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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DocuSign (DOCU) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM has beat the Zacks Consensus Estimate in three of the four trailing quarters and matched on one instance. ABM holds a Zacks Rank #2 (Buy). Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Genpact Limited (G) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Genpact Limited (G) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has beat the Zacks Consensus Estimate in three of the four trailing quarters and matched on one instance. ABM holds a Zacks Rank #2 (Buy). | Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Genpact Limited (G) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has beat the Zacks Consensus Estimate in three of the four trailing quarters and matched on one instance. ABM holds a Zacks Rank #2 (Buy). | ABM Industries ABM has beat the Zacks Consensus Estimate in three of the four trailing quarters and matched on one instance. ABM holds a Zacks Rank #2 (Buy). Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Genpact Limited (G) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29104.0 | 2023-09-06 00:00:00 UTC | ABM Industries (ABM) to Report Q3 Earnings: What's in Store? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-to-report-q3-earnings%3A-whats-in-store | nan | nan | ABM Industries Incorporated ABM is scheduled to release its third-quarter fiscal 2023 results on Sep 7, before market open.
The company has an impressive earnings surprise history with earnings surpassing the Zacks Consensus Estimate in three of the four trailing quarters and matching on one. The average earnings surprise is 2.6%.
Expectations From ABM in Q3
The Zacks Consensus Estimate for the top line is currently pegged at $2.02 billion, up 3% from the year-ago actual figure. The expected uptick can be due to the successful price escalations and organic growth.
Adjusted EBITDA for the to-be-reported quarter is expected to be $128.3 million, reflecting growth of 2.3%. We expect adjusted EBITDA margin to be 6.4%, in line with the year-ago reported figure.
ABM Industries Incorporated Price and EPS Surprise
ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote
The consensus estimate for the bottom line in the to-be-reported quarter stands at 88 cents per share which indicates a decline of 6.4% from the year-ago figure. The likely decline can be due to the challenging labor markets and slow recovery of office occupancy for commercial real estate.
Segmental Expectations
Our estimate for the Business and Industry segment’s revenues in the to-be-reported quarter is pegged at $1.02 billion, indicating a 1.4% increase year over year.Such decrease can be correlated to the likely slow recovery of office occupancy.
Our estimate for the Aviation segment’s revenues in the to-be-reported quarter is pegged at $217 million, indicating a 6.6% increase year over year. We expect the segment to have been benefited from the overall travel market growth and the signing of multimillion-dollar with two major UK airports.
We expect Manufacturing and Distribution segment’s revenues in the to-be-reported quarter to grow 4.5%. Our estimate for revenues is currently pegged at $374.4 million. The segment is likely to have been benefited from expanded markets and continued demand.
Our estimate for the Education segment’s revenues in the to-be-reported quarter is pegged at $210.6 million, indicating a 1.5% increase year over year owing to the expected strength in the business pipeline. Revenues from the Technical Solutions segment are likely to have increased 21.4% from the year-ago reported figure, our estimate of which is currently pegged at $192.4 million. We expect the uptick to likely have been due to a significant contract win with a school district in Western Pennsylvania and a strong demand for EV charging infrastructure.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for ABM this time around. The combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
ABM has an Earnings ESP of 0.00% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings Snapshots
Here are a few stocks from the broader Business Services sector, which have performed well in their recent earnings release:
Automatic Data ADPreported better-than-expected fourth-quarter fiscal 2023 results. Adjusted earnings per share of $1.89 (excluding 1 cent from non-recurring items) beat the Zacks Consensus Estimate by 3.3% and grew 26% from the year-ago fiscal quarter’s figure. Total revenues of $4.47 billion beat the consensus estimate by 1.8% and improved 8.5% from the year-ago fiscal quarter’s reading on a reported basis and 9% on an organic constant-currency basis.
TransUnion TRUreported impressive second-quarter 2023 results wherein earnings and revenues beat the Zacks Consensus Estimate. Quarterly adjusted earnings of 86 cents per share (adjusting 58 cents from non-recurring items) surpassed the consensus mark by 3.6% but decreased 12.2% year over year. Total revenues of $968 million beat the consensus mark by 1% and increased 2.1% year over year on a reported basis. Revenues were up 3% on a constant-currency basis, mainly driven by strength in the international markets.
Gartner IT reported better-than-expected second-quarter 2023 results. Adjusted earnings per share (excluding 37 cents from non-recurring items) of $2.85 beat the Zacks Consensus Estimate by 14.9% but matched the year-ago reported figure. Revenues of $1.5 billion beat the consensus estimate by 1% and improved 9.2% year over year on a reported basis and 10% on a foreign-currency-neutral basis. Total contract value was $4.6 billion, up 8.9% year over year on a foreign-currency-neutral basis.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report
ABM Industries Incorporated (ABM) : Free Stock Analysis Report
Gartner, Inc. (IT) : Free Stock Analysis Report
TransUnion (TRU) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated ABM is scheduled to release its third-quarter fiscal 2023 results on Sep 7, before market open. Expectations From ABM in Q3 The Zacks Consensus Estimate for the top line is currently pegged at $2.02 billion, up 3% from the year-ago actual figure. ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote The consensus estimate for the bottom line in the to-be-reported quarter stands at 88 cents per share which indicates a decline of 6.4% from the year-ago figure. | ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote The consensus estimate for the bottom line in the to-be-reported quarter stands at 88 cents per share which indicates a decline of 6.4% from the year-ago figure. Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report TransUnion (TRU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is scheduled to release its third-quarter fiscal 2023 results on Sep 7, before market open. | ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote The consensus estimate for the bottom line in the to-be-reported quarter stands at 88 cents per share which indicates a decline of 6.4% from the year-ago figure. Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report TransUnion (TRU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is scheduled to release its third-quarter fiscal 2023 results on Sep 7, before market open. | ABM has an Earnings ESP of 0.00% and a Zacks Rank of 2. ABM Industries Incorporated ABM is scheduled to release its third-quarter fiscal 2023 results on Sep 7, before market open. Expectations From ABM in Q3 The Zacks Consensus Estimate for the top line is currently pegged at $2.02 billion, up 3% from the year-ago actual figure. |
29105.0 | 2023-09-06 00:00:00 UTC | Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now? | ABM | https://www.nasdaq.com/articles/is-proshares-russell-2000-dividend-growers-etf-smdv-a-strong-etf-right-now-8 | nan | nan | The ProShares Russell 2000 Dividend Growers ETF (SMDV) made its debut on 02/03/2015, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.
Fund Sponsor & Index
Because the fund has amassed over $809.16 million, this makes it one of the average sized ETFs in the Style Box - Small Cap Value. SMDV is managed by Proshares. Before fees and expenses, this particular fund seeks to match the performance of the Russell 2000 Dividend Growth Index.
The Russell 2000 Dividend Growth Index targets companies that are currently members of the Russell 2000 Index and have increased dividend payments each year for at least 10 years.
Cost & Other Expenses
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
Operating expenses on an annual basis are 0.40% for SMDV, making it on par with most peer products in the space.
The fund has a 12-month trailing dividend yield of 2.73%.
Performance and Risk
The ETF has lost about -2.08% so far this year and it's up approximately 1.62% in the last one year (as of 09/06/2023). In the past 52-week period, it has traded between $55.50 and $66.96.
The fund has a beta of 0.79 and standard deviation of 19.76% for the trailing three-year period, which makes SMDV a medium risk choice in this particular space. With about 103 holdings, it effectively diversifies company-specific risk.
Alternatives
ProShares Russell 2000 Dividend Growers ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well.
IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. IShares Core Dividend Growth ETF has $23.90 billion in assets, Vanguard Dividend Appreciation ETF has $68.76 billion. DGRO has an expense ratio of 0.08% and VIG charges 0.06%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. The ProShares Russell 2000 Dividend Growers ETF (SMDV) made its debut on 02/03/2015, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Alternatives ProShares Russell 2000 Dividend Growers ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. The ProShares Russell 2000 Dividend Growers ETF (SMDV) made its debut on 02/03/2015, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. The ProShares Russell 2000 Dividend Growers ETF (SMDV) made its debut on 02/03/2015, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies. |
29106.0 | 2023-09-06 00:00:00 UTC | Pre-Market Earnings Report for September 7, 2023 : TTC, SAIC, ABM, DOOO, KFY, MEI, GIII, DBI, TNP, SCWX | ABM | https://www.nasdaq.com/articles/pre-market-earnings-report-for-september-7-2023-%3A-ttc-saic-abm-dooo-kfy-mei-giii-dbi-tnp-0 | nan | nan | The following companies are expected to report earnings prior to market open on 09/07/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Toro Company (TTC)is reporting for the quarter ending July 31, 2023. The tools company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.23. This value represents a 3.36% increase compared to the same quarter last year. In the past year TTC has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TTC is 20.81 vs. an industry ratio of 17.50, implying that they will have a higher earnings growth than their competitors in the same industry.
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC)is reporting for the quarter ending July 31, 2023. The information technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.60. This value represents a 8.57% decrease compared to the same quarter last year. In the past year SAIC has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 19.55%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for SAIC is 16.42 vs. an industry ratio of 4.10, implying that they will have a higher earnings growth than their competitors in the same industry.
ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2023. The building maintenance & services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.88. This value represents a 6.38% decrease compared to the same quarter last year. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 12.75 vs. an industry ratio of 27.70.
BRP Inc. (DOOO)is reporting for the quarter ending July 31, 2023. The auto (truck) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $2.15. This value represents a 6.11% decrease compared to the same quarter last year. In the past year DOOO has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.73%. The "days to cover" for this stock exceeds 22 days. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DOOO is 8.31 vs. an industry ratio of 5.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Korn Ferry (KFY)is reporting for the quarter ending July 31, 2023. The staffing company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.92. This value represents a 38.67% decrease compared to the same quarter last year. KFY missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -1.96%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for KFY is 13.72 vs. an industry ratio of 15.50.
Methode Electronics, Inc. (MEI)is reporting for the quarter ending July 31, 2023. The electrical connectors company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.22. This value represents a 62.07% decrease compared to the same quarter last year. The last two quarters MEI had negative earnings surprises; the latest report they missed by -8.7%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for MEI is 19.43 vs. an industry ratio of 24.80.
G-III Apparel Group, LTD. (GIII)is reporting for the quarter ending July 31, 2023. The textile company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.02. This value represents a 94.87% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for GIII is 6.78 vs. an industry ratio of 10.90.
Designer Brands Inc. (DBI)is reporting for the quarter ending July 31, 2023. The retail (shoe) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.48. This value represents a 22.58% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DBI is 7.92 vs. an industry ratio of 10.80.
Tsakos Energy Navigation Ltd (TNP)is reporting for the quarter ending June 30, 2023. The shipping company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.60. This value represents a 22.14% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TNP is 2.42 vs. an industry ratio of 15.90.
SecureWorks Corp. (SCWX)is reporting for the quarter ending July 31, 2023. The information technology services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.24. This value represents a 9.09% decrease compared to the same quarter last year. SCWX missed the consensus earnings per share in the 2nd calendar quarter of 2023 by -27.27%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for SCWX is -8.82 vs. an industry ratio of 4.10.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 12.75 vs. an industry ratio of 27.70. | ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 12.75 vs. an industry ratio of 27.70. | ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 12.75 vs. an industry ratio of 27.70. | In the past year ABM and beat the expectations the other three quarters. ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 12.75 vs. an industry ratio of 27.70. |
29107.0 | 2023-09-06 00:00:00 UTC | Pre-Market Earnings Report for September 7, 2023 : TTC, SAIC, ABM, DOOO, KFY, MEI, GIII, DBI, TNP, SCWX | ABM | https://www.nasdaq.com/articles/pre-market-earnings-report-for-september-7-2023-%3A-ttc-saic-abm-dooo-kfy-mei-giii-dbi-tnp | nan | nan | The following companies are expected to report earnings prior to market open on 09/07/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Toro Company (TTC)is reporting for the quarter ending July 31, 2023. The tools company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.23. This value represents a 3.36% increase compared to the same quarter last year. In the past year TTC has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TTC is 20.81 vs. an industry ratio of 17.50, implying that they will have a higher earnings growth than their competitors in the same industry.
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC)is reporting for the quarter ending July 31, 2023. The information technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.60. This value represents a 8.57% decrease compared to the same quarter last year. In the past year SAIC has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 19.55%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for SAIC is 16.42 vs. an industry ratio of 4.10, implying that they will have a higher earnings growth than their competitors in the same industry.
ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2023. The building maintenance & services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.88. This value represents a 6.38% decrease compared to the same quarter last year. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 12.75 vs. an industry ratio of 27.70.
BRP Inc. (DOOO)is reporting for the quarter ending July 31, 2023. The auto (truck) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $2.15. This value represents a 6.11% decrease compared to the same quarter last year. In the past year DOOO has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.73%. The "days to cover" for this stock exceeds 22 days. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DOOO is 8.31 vs. an industry ratio of 5.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Korn Ferry (KFY)is reporting for the quarter ending July 31, 2023. The staffing company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.92. This value represents a 38.67% decrease compared to the same quarter last year. KFY missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -1.96%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for KFY is 13.72 vs. an industry ratio of 15.50.
Methode Electronics, Inc. (MEI)is reporting for the quarter ending July 31, 2023. The electrical connectors company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.22. This value represents a 62.07% decrease compared to the same quarter last year. The last two quarters MEI had negative earnings surprises; the latest report they missed by -8.7%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for MEI is 19.43 vs. an industry ratio of 24.80.
G-III Apparel Group, LTD. (GIII)is reporting for the quarter ending July 31, 2023. The textile company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.02. This value represents a 94.87% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for GIII is 6.78 vs. an industry ratio of 10.90.
Designer Brands Inc. (DBI)is reporting for the quarter ending July 31, 2023. The retail (shoe) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.48. This value represents a 22.58% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DBI is 7.92 vs. an industry ratio of 10.80.
Tsakos Energy Navigation Ltd (TNP)is reporting for the quarter ending June 30, 2023. The shipping company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.60. This value represents a 22.14% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TNP is 2.42 vs. an industry ratio of 15.90.
SecureWorks Corp. (SCWX)is reporting for the quarter ending July 31, 2023. The information technology services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.24. This value represents a 9.09% decrease compared to the same quarter last year. SCWX missed the consensus earnings per share in the 2nd calendar quarter of 2023 by -27.27%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for SCWX is -8.82 vs. an industry ratio of 4.10.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 12.75 vs. an industry ratio of 27.70. | ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 12.75 vs. an industry ratio of 27.70. | ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 12.75 vs. an industry ratio of 27.70. | In the past year ABM and beat the expectations the other three quarters. ABM Industries Incorporated (ABM)is reporting for the quarter ending July 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 12.75 vs. an industry ratio of 27.70. |
29108.0 | 2023-09-01 00:00:00 UTC | The Zacks Analyst Blog Highlights Aptiv, Clean Harbors, ABM Industries and Publicis | ABM | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-aptiv-clean-harbors-abm-industries-and-publicis | nan | nan | For Immediate Release
Chicago, IL – September 1, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Aptiv APTV, Clean Harbors CLH, ABM Industries ABM and Publicis PUBGY.
Here are highlights from Thursday’s Analyst Blog:
4 Business Services Stocks to Buy for a Stronger Portfolio
The business services sector is a major beneficiary of the broader economy and manufacturing and non-manufacturing (service) activities. While service activities are currently in good shape, their positive impacts on the sector are being partially offset by contracting economic activity in the manufacturing sector.
The Services PMI measured by the Institute for Supply Management has stayed above the 50% mark for the past seven consecutive months, indicating continued expansion. The manufacturing PMI stayed below the 50% mark for the past nine consecutive months.
The broader economy is showing signs of revival. According to the "advance" estimate released by the Bureau of Economic Analysis, GDP grew at an annual rate of 2.4% in the second quarter of 2023 compared with the 2% growth in the first quarter.
The global macroeconomic environment, strong demand for services, improving supply chains, a less-hawkish stance from the U.S. Federal Reserve, and strong digital adoption are currently some of the crucial drivers of the business services sector, which are decreasing the negative impacts of labor market constraints and higher operational expenses.
Sector-specific factors acting as tailwinds are the essentiality of certain services like waste management, the rise in demand for risk mitigation and consulting services, increased expertise in improving operational efficiency and lower costs, successful work-from-home models and digital transformation.
The pandemic has changed the way players have conducted business and delivered services. Currently, the key focus within the industry is on channelizing money and efforts toward more effective operational components, such as technology, digital transformation, data-driven decision-making and enhanced cybersecurity.
The Current Backdrop Offers Some Great Picks
Given the promising developments in business services, investors may consider buying stocks that possess fundamental strength. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy), offer the best investment opportunities. You can see the complete list of today's Zacks #1 Rank stocks here.
Aptiv: The provider of electrical, electronic and safety technology solutions for automotive and commercial vehicles carries a Zacks Rank #2 and a VGM Score of A.
Earnings and revenues for 2023 are expected to grow 39% and 14.8%, respectively, year over year. The Zacks Consensus Estimate for Aptiv's 2023 EPS has increased 10.2% in the past 30 days to $4.74. Shares of the company have gained 15.4% in the past three months.
Clean Harbors: The environmental and industrial services provider carries a Zacks Rank #2 and a VGM Score of B.
Earnings for 2023 are expected to be in line with the year-ago quarter while revenues are anticipated to go up 5.3% year over year. The Zacks Consensus Estimate for Clean Harbors' 2023 EPS has increased 2% in the past 60 days to $7.14. Shares of the company have gained 20.6% in the past three months.
ABM Industries: The provider of integrated facility, infrastructure and mobility solutions carries a Zacks Rank #2 and a VGM Score of B.
The current Zacks Consensus Estimate for revenues indicates a 3.5% year-over-year increase. The Zacks Consensus Estimate for ABM's 2023 EPS has increased slightly in the past 60 days to $3.51. Shares of the company have gained 3.7% in the past three months.
Publicis: The company is a provider of marketing, communications and digital business transformation services. It carries a Zacks Rank #2 and a VGM Score of A.
The Zacks Consensus Estimate for the company's 2023 EPS has increased 6.1% to $1.92 over the past 60 days. Shares of Publicis have gained 6.4% in the past three months.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Publicis Groupe SA (PUBGY) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks recently featured in the blog include: Aptiv APTV, Clean Harbors CLH, ABM Industries ABM and Publicis PUBGY. ABM Industries: The provider of integrated facility, infrastructure and mobility solutions carries a Zacks Rank #2 and a VGM Score of B. The Zacks Consensus Estimate for ABM's 2023 EPS has increased slightly in the past 60 days to $3.51. | Stocks recently featured in the blog include: Aptiv APTV, Clean Harbors CLH, ABM Industries ABM and Publicis PUBGY. Click to get this free report Publicis Groupe SA (PUBGY) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Clean Harbors, Inc. (CLH) : Free Stock Analysis Report Aptiv PLC (APTV) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries: The provider of integrated facility, infrastructure and mobility solutions carries a Zacks Rank #2 and a VGM Score of B. | Click to get this free report Publicis Groupe SA (PUBGY) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Clean Harbors, Inc. (CLH) : Free Stock Analysis Report Aptiv PLC (APTV) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Aptiv APTV, Clean Harbors CLH, ABM Industries ABM and Publicis PUBGY. ABM Industries: The provider of integrated facility, infrastructure and mobility solutions carries a Zacks Rank #2 and a VGM Score of B. | Stocks recently featured in the blog include: Aptiv APTV, Clean Harbors CLH, ABM Industries ABM and Publicis PUBGY. ABM Industries: The provider of integrated facility, infrastructure and mobility solutions carries a Zacks Rank #2 and a VGM Score of B. The Zacks Consensus Estimate for ABM's 2023 EPS has increased slightly in the past 60 days to $3.51. |
29109.0 | 2023-09-01 00:00:00 UTC | WEX Stock Gains 11.2% in the Past Three Months: Here's How | ABM | https://www.nasdaq.com/articles/wex-stock-gains-11.2-in-the-past-three-months%3A-heres-how | nan | nan | WEX Inc. WEX shares have had an impressive run over the past three months. The stock has rallied 11.2% compared with the 7.5% rise of the industry it belongs to and the 5% increase of the Zacks S&P 500 composite.
Reasons for the Upside
WEX’s top line continues to grow organically, driven by its extensive network of fuel and service providers, transaction volume growth, product excellence, marketing capabilities, sales force productivity and other strategic revenue generation efforts. Robust demand for its payment processing, account servicing and transaction processing services, along with operational efficiency, has helped WEX achieve solid revenue growth.
WEX Inc. Price
WEX Inc. price | WEX Inc. Quote
The company’s strategic acquisitions complement its organic growth by contributing to revenues, adding differentiation to its products and service offerings and enhancing scalability. We remain optimistic about organic growth opportunities across each of its segments and expect revenue growth to be around 6.3% in 2023.
The 2021 acquisition of benefitexpress has expanded WEX’s offerings in benefits administration by bringing in a complementary suite of solutions to its Health offerings.
Favourable Estimate Revisions
The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. Eight estimates for 2023 have moved north over the past 60 days versus no southward revision, reflecting analysts’ confidence in the company. Over the same period, the Zacks Consensus Estimate for 2022 earnings has increased 1.6%.
Zacks Rank and Stocks to Consider
WEX currently carries a Zacks Rank #3 (Hold).
The following better-ranked stocks from the Business Services sector are worth consideration:
DocuSign DOCU beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 25.6%. The current consensus estimate for revenues indicates an 8.1% increase from the year-ago figure. The consensus mark for earnings is pegged at $2.52 per share, indicating 24.1% year-over-year growth. DOCU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CRA International CRAI beat the Zacks Consensus Estimate in two of the four trailing quarters and missed on two instances, the earnings surprise being 5.1%. The current Zacks Consensus Estimate for revenues indicates a 6.6% increase from the year-ago figure. The consensus mark for earnings is pegged at $5.49 per share, indicating a 7.6% year-over-year decline. CRAI carries a Zacks Rank #2 (Buy), at present.
ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. The current Zacks Consensus Estimate for revenues indicates a 3.5% increase from the year-ago figure. The consensus mark for earnings is pegged at $3.51 per share, indicating a 4.1% year-over-year decline. ABM has a Zacks Rank of 2, at present.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report WEX Inc. (WEX) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report WEX Inc. (WEX) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. | Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report WEX Inc. (WEX) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. | ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report WEX Inc. (WEX) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29110.0 | 2023-09-01 00:00:00 UTC | Verisk (VRSK) Benefits From Shareholder-Friendly Policies | ABM | https://www.nasdaq.com/articles/verisk-vrsk-benefits-from-shareholder-friendly-policies | nan | nan | Verisk Analytics Inc. VRSK employs a robust growth strategy, emphasizing organic growth, product development and acquisitions. Its expertise in predictive data analytics and decision support solutions provides a competitive advantage. The company actively acquires and invests in global companies to expand its data and analytics capabilities. Additionally, it consistently rewards shareholders through dividend payments and share repurchases.
VRSK gained 33.4% in the past six months, outperforming its industry’s 15.5% growth and the S&P 500 composite’s 6.2% rise in the same time frame.
How is VRSK Doing?
Verisk's growth strategy includes organic growth, product development, and acquisitions, with a 1% CAGR in revenues over five years. It invests in people, data, tech and complementary businesses to stay current in the markets, with a focus on solution penetration, proprietary data, predictive analytics, and diversification.
Verisk Analytics, Inc. Price
Verisk Analytics, Inc. price | Verisk Analytics, Inc. Quote
Acquisitions play a vital role in Verisk's growth strategy, as it consistently invests in global companies to enhance its data and analytics capabilities across various sectors. The acquisition of Opta in March 2022 is set to extend its presence in the Canadian market, while the purchase of Automated Insurance Solutions is anticipated to bolster its automation capabilities in claims processing and support geographical expansion. The 2022 acquisition of Infutor Data Solutions, LLC (Infutor) strengthened Verisk's marketing solutions portfolio, helping it cater to diverse industries, including insurance.
Verisk's current ratio at the end of second-quarter 2023 was pegged at 1.07, higher than the current ratio of 0.89 reported at the end of the prior quarter and 0.56 at the end of the year-ago quarter. It indicates that the company is not likely to have problems meeting its short-term debt obligations.
Verisk consistently rewards shareholders, paying dividends of $195.2 million and repurchasing $1.7 billion in shares in 2022. In 2021, it paid $188.2 million in dividends and bought back $475 million in shares. In 2020, the company distributed $175.8 million in dividends and repurchased $348.8 million in shares. These actions underscore the commitment to shareholder value and confidence in the business.
Verisk relies on vast data, facing operational risks like security breaches, contractual disputes with external data suppliers (some rivals), and potential data theft by third-party contractors, risking credibility, customers, and its core existence.
In 2022 and 2023, Verisk divested its Energy and Specialized Markets segment and Financial Services segment, leaving only the Insurance segment. While this sharpens its focus on insurance, it raises concerns about reliance on a single service, reducing diversification. Companies with multiple service offerings are generally seen as more secure due to their diversified business.
VRSK carries a Zacks Rank #2 (Buy) at present.
Other Stocks to Consider
Here are some other top-ranked stocks from the Business Services sector:
DocuSign DOCU has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 25.6%. The current consensus estimate for revenues indicates an 8.1% increase from the year-ago figure. The consensus mark for earnings is pegged at $2.52 per share, indicating 24.1% year-over-year growth. DOCU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CRA International CRAI has beaten the Zacks Consensus Estimate in two of the four trailing quarters and missed on two instances, the earning surprise being 5.1%. The current Zacks Consensus Estimate for revenues indicates an 6.6% increase from the year-ago figure. The consensus mark for earnings is pegged at $5.49 per share, indicating 7.6% year-over-year decline. CRAI has a Zacks Rank of 2 at present.
ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. The current Zacks Consensus Estimate for revenues indicates an 3.5% increase from the year-ago figure. The consensus mark for earnings is pegged at $3.51 per share, indicating 4.1% year-over-year decline. ABM has a Zacks Rank of 2 at present.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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DocuSign (DOCU) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM has a Zacks Rank of 2 at present. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM has a Zacks Rank of 2 at present. | Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM has a Zacks Rank of 2 at present. | ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM has a Zacks Rank of 2 at present. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29111.0 | 2023-09-01 00:00:00 UTC | Rollins (ROL) Gains 13% in 6 Months: What's Behind the Rally? | ABM | https://www.nasdaq.com/articles/rollins-rol-gains-13-in-6-months%3A-whats-behind-the-rally | nan | nan | Rollins, Inc. ROL has gained 13.2% in the past six months, outperforming the 12.5% growth of the industry it belongs to.
Reasons Behind the Rally
The demand environment for this leading pest and termite control services provider remains in good shape, driven by strong construction activity. Revenues increased 14.9% year over year in the second quarter of 2023, with all its business lines — residential, commercial and termite — registering growth.
Rollins, Inc. Price
Rollins, Inc. price | Rollins, Inc. Quote
Rollins has developed its operating platform in a way that it increases cross-selling opportunities and cost efficiency, and facilitates swift customer service delivery. The company’s real-time service tracking and customer Internet communication technologies have increased its competitive advantage.
Its proprietary Branch Operating Support System facilitates service tracking and payment processing for technicians and provides virtual route management tools to increase route efficiency across the network, enabling cost reduction and increasing customer retention through quick response service.
Acquisitions are a significant catalyst for Rollins’ business development and are helping the company expand its global brand recognition and geographical footprint, along with boosting its revenues. Notably, Rollins completed 31 acquisitions in 2022, 39 in 2021 and 31 in 2020.
Rollins believes in returning capital through dividends. Consistent dividend payment underscores the company's commitment to shareholders and underlines its confidence in business. It paid dividends of $211.6 million, $208.7 million and $160.5 million in 2022, 2021 and 2020, respectively.
Zacks Rank & Stocks to Consider
Rollins currently carries a Zacks Rank #3 (Hold).
The following better-ranked stocks from the Business Services sector are worth consideration:
DocuSign DOCU beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 25.6%. The current consensus estimate for revenues indicates an 8.1% increase from the year-ago figure. The consensus mark for earnings is pegged at $2.52 per share, indicating 24.1% year-over-year growth. DOCU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CRA International CRAI beat the Zacks Consensus Estimate in two of the four trailing quarters and missed on two instances, the earnings surprise being 5.1%. The current Zacks Consensus Estimate for revenues indicates a 6.6% increase from the year-ago figure. The consensus mark for earnings is pegged at $5.49 per share, indicating a 7.6% year-over-year decline. CRAI carries a Zacks Rank #2 (Buy), at present.
ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. The current Zacks Consensus Estimate for revenues indicates a 3.5% increase from the year-ago figure. The consensus mark for earnings is pegged at $3.51 per share, indicating a 4.1% year-over-year decline. ABM has a Zacks Rank of 2, at present.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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ABM Industries Incorporated (ABM) : Free Stock Analysis Report
Rollins, Inc. (ROL) : Free Stock Analysis Report
DocuSign (DOCU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. | Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. | ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29112.0 | 2023-09-01 00:00:00 UTC | Why You Should Retain ManpowerGroup (MAN) in Your Portfolio | ABM | https://www.nasdaq.com/articles/why-you-should-retain-manpowergroup-man-in-your-portfolio | nan | nan | ManpowerGroup, Inc. MAN has performed well on the bourses in the past three months, gaining 5.3% compared with its industry’s 1.2% increase.
ManpowerGroup is actively investing in technology to enhance operational efficiency and productivity. Thanks to a robust cash position, the company can actively pursue strategic acquisitions and fund growth-oriented projects. Acquisitions play a pivotal role in expanding ManpowerGroup's diverse portfolio and driving top-line growth. The company also maintains a reliable history of consistently paying dividends and repurchasing shares.
Factors Boding Well
Acquisitions will remain the driving force behind ManpowerGroup's revenue growth, with the company actively pursuing global investments. In 2022, it acquired Tingari, a talent solutions company in France. This acquisition is aligned with ManpowerGroup's strategic goal of diversification, driven by a singular objective, which is aiding in the realization of full employment in France and advancing social inclusion.
ManpowerGroup Inc. Price
ManpowerGroup Inc. price | ManpowerGroup Inc. Quote
The incorporation of the ettain group into ManpowerGroup in 2021 has expedited the company's plan to broaden its business portfolio by focusing on more lucrative and value-driven services. This strategic move has led to the integration of ettain into ManpowerGroup's Experis division, enhancing its capabilities in serving clients within the Financial Services, Healthcare, and Government sectors.
ManpowerGroup's steadfast focus on delivering value to its shareholders provides a dependable avenue for long-term wealth accumulation. In 2022, it allocated $270 million, while in 2021 and 2020, it allocated $210 million and $264.7 million, respectively, toward share repurchases. Additionally, the company distributed dividends of $139.9 million in 2022, $136.6 million in 2021, and $129.1 million in 2020. These strategic initiatives not only foster investor confidence but also have a favorable impact on earnings per share.
To boost productivity and streamline operations, the firm is undertaking substantial investments in technology. This includes the deployment of front-office systems, the integration of cloud-based and mobile applications, and the improvement of its global technology infrastructure in multiple markets. Furthermore, the company is dedicating resources to digitize its workforce solutions.
ManpowerGroup's current ratio at the end of the June quarter was pegged at 1.21, higher than the current ratio of 1.19 reported at the end of the year-ago quarter. It indicates that the company will not have problems meeting its short-term debt obligations.
Some Threats
ManpowerGroup has a global footprint, operating across 75 countries and territories. This extensive international reach exposes the company to the uncertainties linked to foreign currency exchange rate fluctuations. In 2022, the company derived nearly 82% of its revenues from sources outside the United States, with the majority originating from European markets, and recorded a loss of $11.9 million attributed to foreign exchange movements.
ManpowerGroup is witnessing a rise in its selling, general, and administrative (SG&A) overhead costs. In 2022, the company reported SG&A expenses totaling $2.94 billion, marking a 4.3% increase compared with the previous year. Furthermore, the expansion of expenses due to investments in digital initiatives and restructuring endeavors has the potential to impede the company's bottom-line growth.
MAN holds a Zacks Rank #3 (Hold).
Stocks to Consider
The following stocks from the Business Services sector are worth consideration:
DocuSign DOCU has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 25.6%. The current consensus estimate for revenues indicates an 8.1% increase from the year-ago figure. The consensus mark for earnings is pegged at $2.52 per share, indicating 24.1% year-over-year growth. DOCU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CRA International CRAI has beaten the Zacks Consensus Estimate in two of the four trailing quarters and missed on two instances, the earning surprise being 5.1%. The current Zacks Consensus Estimate for revenues indicates a 6.6% increase from the year-ago figure. The consensus mark for earnings is pegged at $5.49 per share, indicating a 7.6% year-over-year decline. CRAI holds a Zacks Rank #2 (Buy), at present.
ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. The current consensus estimate for revenues indicates a 3.5% increase from the year-ago figure. The consensus mark for earnings is pegged at $3.51 per share, indicating a 4.1% year-over-year decline. ABM holds a Zacks Rank of 2, at present.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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ManpowerGroup Inc. (MAN) : Free Stock Analysis Report
Charles River Associates (CRAI) : Free Stock Analysis Report
ABM Industries Incorporated (ABM) : Free Stock Analysis Report
DocuSign (DOCU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM holds a Zacks Rank of 2, at present. Click to get this free report ManpowerGroup Inc. (MAN) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report ManpowerGroup Inc. (MAN) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM holds a Zacks Rank of 2, at present. | Click to get this free report ManpowerGroup Inc. (MAN) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM holds a Zacks Rank of 2, at present. | ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM holds a Zacks Rank of 2, at present. Click to get this free report ManpowerGroup Inc. (MAN) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29113.0 | 2023-08-31 00:00:00 UTC | 4 Business Services Stocks to Buy for a Stronger Portfolio | ABM | https://www.nasdaq.com/articles/4-business-services-stocks-to-buy-for-a-stronger-portfolio | nan | nan | The business services sector is a major beneficiary of the broader economy and manufacturing and non-manufacturing (service) activities. While service activities are currently in good shape, their positive impacts on the sector are being partially offset by contracting economic activity in the manufacturing sector.
The Services PMI measured by the Institute for Supply Management has stayed above the 50% mark for the past seven consecutive months, indicating continued expansion. The manufacturing PMI stayed below the 50% mark for the past nine consecutive months.
The broader economy is showing signs of revival. According to the "advance" estimate released by the Bureau of Economic Analysis, GDP grew at an annual rate of 2.4% in the second quarter of 2023 compared with the 2% growth in the first quarter.
The global macroeconomic environment, strong demand for services, improving supply chains, a less-hawkish stance from the U.S. Federal Reserve, and strong digital adoption are currently some of the crucial drivers of the business services sector, which are decreasing the negative impacts of labor market constraints and higher operational expenses.
Sector-specific factors acting as tailwinds are the essentiality of certain services like waste management, the rise in demand for risk mitigation and consulting services, increased expertise in improving operational efficiency and lower costs, successful work-from-home models and digital transformation.
The pandemic has changed the way players have conducted business and delivered services. Currently, the key focus within the industry is on channelizing money and efforts toward more effective operational components, such as technology, digital transformation, data-driven decision-making and enhanced cybersecurity.
The Current Backdrop Offers Some Great Picks
Given the promising developments in business services, investors may consider buying stocks that possess fundamental strength. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy), offer the best investment opportunities. You can see the complete list of today’s Zacks #1 Rank stocks here.
Aptiv APTV: The provider of electrical, electronic and safety technology solutions for automotive and commercial vehicles carries a Zacks Rank #2 and a VGM Score of A.
Earnings and revenues for 2023 are expected to grow 39% and 14.8%, respectively, year over year. The Zacks Consensus Estimate for Aptiv’s 2023 EPS has increased 10.2% in the past 30 days to $4.74. Shares of the company have gained 15.4% in the past three months.
Aptiv PLC Price, Consensus and EPS Surprise
Aptiv PLC price-consensus-eps-surprise-chart | Aptiv PLC Quote
Clean Harbors CLH: The environmental and industrial services provider carries a Zacks Rank #2 and a VGM Score of B.
Earnings for 2023 are expected to be in line with the year-ago quarter while revenues are anticipated to go up 5.3% year over year. The Zacks Consensus Estimate for Clean Harbors’ 2023 EPS has increased 2% in the past 60 days to $7.14. Shares of the company have gained 20.6% in the past three months.
Clean Harbors, Inc. Price, Consensus and EPS Surprise
Clean Harbors, Inc. price-consensus-eps-surprise-chart | Clean Harbors, Inc. Quote
ABM Industries ABM: The provider of integrated facility, infrastructure and mobility solutions carries a Zacks Rank #2 and a VGM Score of B.
The current Zacks Consensus Estimate for revenues indicates a 3.5% year-over-year increase. The Zacks Consensus Estimate for ABM’s 2023 EPS has increased slightly in the past 60 days to $3.51. Shares of the company have gained 3.7% in the past three months.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote
Publicis PUBGY: The company is a provider of marketing, communications and digital business transformation services. It carries a Zacks Rank #2 and a VGM Score of A.
The Zacks Consensus Estimate for the company’s 2023 EPS has increased 6.1% to $1.92 over the past 60 days. Shares of Publicis have gained 6.4% in the past three months.
Publicis Groupe SA Price, Consensus and EPS Surprise
Publicis Groupe SA price-consensus-eps-surprise-chart | Publicis Groupe SA Quote
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Clean Harbors, Inc. Price, Consensus and EPS Surprise Clean Harbors, Inc. price-consensus-eps-surprise-chart | Clean Harbors, Inc. Quote ABM Industries ABM: The provider of integrated facility, infrastructure and mobility solutions carries a Zacks Rank #2 and a VGM Score of B. The Zacks Consensus Estimate for ABM’s 2023 EPS has increased slightly in the past 60 days to $3.51. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Publicis PUBGY: The company is a provider of marketing, communications and digital business transformation services. | ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Publicis PUBGY: The company is a provider of marketing, communications and digital business transformation services. Click to get this free report Publicis Groupe SA (PUBGY) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Clean Harbors, Inc. (CLH) : Free Stock Analysis Report Aptiv PLC (APTV) : Free Stock Analysis Report To read this article on Zacks.com click here. Clean Harbors, Inc. Price, Consensus and EPS Surprise Clean Harbors, Inc. price-consensus-eps-surprise-chart | Clean Harbors, Inc. Quote ABM Industries ABM: The provider of integrated facility, infrastructure and mobility solutions carries a Zacks Rank #2 and a VGM Score of B. | ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Publicis PUBGY: The company is a provider of marketing, communications and digital business transformation services. Click to get this free report Publicis Groupe SA (PUBGY) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Clean Harbors, Inc. (CLH) : Free Stock Analysis Report Aptiv PLC (APTV) : Free Stock Analysis Report To read this article on Zacks.com click here. Clean Harbors, Inc. Price, Consensus and EPS Surprise Clean Harbors, Inc. price-consensus-eps-surprise-chart | Clean Harbors, Inc. Quote ABM Industries ABM: The provider of integrated facility, infrastructure and mobility solutions carries a Zacks Rank #2 and a VGM Score of B. | Clean Harbors, Inc. Price, Consensus and EPS Surprise Clean Harbors, Inc. price-consensus-eps-surprise-chart | Clean Harbors, Inc. Quote ABM Industries ABM: The provider of integrated facility, infrastructure and mobility solutions carries a Zacks Rank #2 and a VGM Score of B. The Zacks Consensus Estimate for ABM’s 2023 EPS has increased slightly in the past 60 days to $3.51. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Publicis PUBGY: The company is a provider of marketing, communications and digital business transformation services. |
29114.0 | 2023-08-30 00:00:00 UTC | Clean Harbors (CLH) Gains From Rising Operational Efficiency | ABM | https://www.nasdaq.com/articles/clean-harbors-clh-gains-from-rising-operational-efficiency | nan | nan | Clean Harbors, Inc’s. CLH strategic capital investments, aimed at enhancing operational efficiency, diversifying service portfolios and acquisitions, are poised to propel the company's growth. Rising selling, general and administrative expenses pressurize the bottom line.
CLH has an impressive Growth Score of B. This style score condenses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of its growth.
CLH has gained 50.3% in the year-to-date period, outperforming its industry’s 6.4% growth in the same time frame and the S&P 500 composites’ 16.4% rise.
Clean Harbors, Inc. Price
Clean Harbors, Inc. price | Clean Harbors, Inc. Quote
Factors in Support
Clean Harbors focused on efficiency in 2021 through tech, cost management, and site consolidation. Strategic investments near TSDFs aim to reduce costs, increase market share, and boost profitability by handling more waste in existing facilities.
Clean Harbors has expanded through acquisitions, including the 2022 acquisition of two privately-owned businesses for a combined total of $91.3 million. These acquisitions notably strengthened the waste oil collection and re-refining operations of the Safety-Kleen Sustainability Solutions segment, with a focus on expanding the presence in the southern United States.
In 2021, Clean Harbors completed the purchase of HydroChemPSC from an affiliate of Littlejohn & Co., LLC, for $1.25 billion in cash. This deal is expected to generate multiple cross-selling opportunities. Apart from this, Clean Harbors also acquired a privately-owned business for $22.8 million. The acquisition expands the Safety-Kleen Sustainability Solutions segment's network within the south-central United States.
In 2020, the company acquired a privately-owned business for $8.8 million. This acquisition expands the Safety-Kleen Sustainability Solutions segment's oil re-refining operations to the northeast United States. Thus, acquisitions have been helping Clean Harbors expand its business across multiple lines of services and contributing to its top-line growth, thereby acting as key growth catalyst.
Clean Harbors' ongoing commitment to shareholder value is evident through its consistent share repurchases. In 2022, 2021, 2020, and 2019, the company repurchased shares worth $50.2 million, $54.4 million, $74.8 million, and $21.4 million, respectively. These actions underscore the company's confidence in its business and dedication to creating value for shareholders. Beyond bolstering investor confidence, these initiatives have a favorable impact on earnings per share.
Threats to CLH
Clean Harbors faces seasonal demand fluctuations due to harsh weather, reducing waste volumes and increasing costs in Q1, impacting revenues and risk. The company has a history of slower fourth quarter.
Clean Harbors has been witnessing increasing selling, general and administrative expenses in the past years. The company has incurred $627.4 million in 2022, $538 million in 2021 and $451 million in 2020, indicating 19.3% growth in 2022 and 16.6% growth in 2021.
Clean Harbors' current ratio at the end of second-quarter 2023 was pegged at 2.02, lower than 2.05 reported at the end of the prior quarter. It indicates that the company might have problems meeting its short-term obligations.
CLH currently carries a Zacks Rank #2 (Buy).
Other Stocks to Consider
Here are a few other top-ranked stocks from the Business Services sector:
DocuSign DOCU has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 25.6%. The current year Zacks Consensus Estimate for revenues indicate an 8.1% increase from the year-ago figure. The consensus mark for earnings is pegged at $2.52 per share, indicating 24.1% year-over-year growth. DOCU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CRA International CRAI has beaten the Zacks Consensus Estimate in two of the four trailing quarters and missed on two instances, the earning surprise being 5.1%. The current Zacks Consensus Estimate for revenues indicate an 6.6% increase from the year-ago figure. The consensus mark for earnings is pegged at $5.49 per share, indicating 7.6% year-over-year decline. CRAI has a Zacks Rank of 2 at present.
ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. The current Zacks Consensus Estimate for revenues indicate an 3.5% increase from the year-ago figure. The consensus mark for earnings is pegged at $3.51 per share, indicating 4.1% year-over-year decline. ABM has a Zacks Rank of 2 at present.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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Charles River Associates (CRAI) : Free Stock Analysis Report
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DocuSign (DOCU) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM has a Zacks Rank of 2 at present. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Clean Harbors, Inc. (CLH) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Clean Harbors, Inc. (CLH) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM has a Zacks Rank of 2 at present. | Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Clean Harbors, Inc. (CLH) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM has a Zacks Rank of 2 at present. | ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM has a Zacks Rank of 2 at present. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Clean Harbors, Inc. (CLH) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29115.0 | 2023-08-30 00:00:00 UTC | Accenture (ACN) Announces the Acquisition of ATI Solutions | ABM | https://www.nasdaq.com/articles/accenture-acn-announces-the-acquisition-of-ati-solutions | nan | nan | Accenture plc ACN shares have gained 22.7% in the past six months, outperforming the 20.6% rally of the industry it belongs to and the 14.8% growth of the Zacks S&P 500 composite.
The company announced yesterday that it has acquired Perth-based consulting service provider, ATI Solutions Group. The financial terms of the transaction are kept under wraps.
Founded in 2010, ATI Solutions provides services across strategy consulting, process improvement, project delivery, systems engineering, technology architecture and organizational transformation.
ATI Solutions’ operational technology connects with enterprise information technology systems and enables clients to automate and remotely run mines and rail networks, establish smart maintenance workflows and examine field data.
Accenture PLC Price
Accenture PLC price | Accenture PLC Quote
The Acquisition to Strengthen Accenture’s Digital Capabilities
ATI Solutions, with around 60 staff and contractors, will move to Industry X, Accenture’s digital engineering and manufacturing service. The buyout is expected to strengthen Accenture’s digital technology and automation capabilities in West Australia.
Pete Burns, who leads Accenture’s business in Australia and New Zealand, stated, "The acquisition of ATI reflects our ongoing focus and commitment to building our presence in the West Australian market, and delivering total enterprise reinvention to our clients."
Acquisitions have been one of the key growth strategies for Accenture. They have enabled the company to enter new markets, diversify and broaden its product portfolio, and maintain its leading position. They are likely to continue contributing significantly to its revenue stream.
Zacks Rank & Stocks to Consider
Accenture currently carries a Zacks Rank #3 (Hold).
The following better-ranked stocks from the Business Services sector are worth consideration:
DocuSign DOCU beat the Zacks Consensus Estimate in all the four trailing quarters and has an earnings surprise of 25.6%. The current year Zacks Consensus Estimate for revenues indicates an 8.1% increase from the year-ago figure. The consensus mark for earnings is pegged at $2.52 per share, indicating 24.1% year-over-year growth. DOCU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CRA International CRAI beat the Zacks Consensus Estimate in two of the four trailing quarters and missed on two instances, with an earnings surprise of 5.1%. The current Zacks Consensus Estimate for revenues indicates a 6.6% increase from the year-ago figure. The consensus mark for earnings is pegged at $5.49 per share, indicating a 7.6% year-over-year decline. CRAI carries a Zacks Rank #2 (Buy), at present.
ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters and has an earnings surprise of 2.64%. The current Zacks Consensus Estimate for revenues indicates a 3.5% increase from the year-ago figure. The consensus mark for earnings is pegged at $3.51 per share, indicating a 4.1% year-over-year decline. ABM has a Zacks Rank of 2, at present.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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Accenture PLC (ACN) : Free Stock Analysis Report
Charles River Associates (CRAI) : Free Stock Analysis Report
ABM Industries Incorporated (ABM) : Free Stock Analysis Report
DocuSign (DOCU) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters and has an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters and has an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. | Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters and has an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. | ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters and has an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29116.0 | 2023-08-29 00:00:00 UTC | Charles River (CRAI) Rides on Global Presence & Diversification | ABM | https://www.nasdaq.com/articles/charles-river-crai-rides-on-global-presence-diversification-0 | nan | nan | CRA International, Inc., which conducts business as Charles River Associates CRAI, is currently benefiting from a strong global presence, business diversification, an excellent professional team and shareholder-friendly steps.
The stock has gained 15.1% over the past three months, significantly outperforming the 4.4% rise of the industry it belongs to, as well as the Zacks S&P 500 composite.
Charles River Associates Price
Charles River Associates price | Charles River Associates Quote
How CRAI is Faring
Charles River has a diversified business with service offerings across areas of functional expertise, client base and geographical regions. Being proficient in multiple industries helps the company meet varying client needs and offer other innovative services. Further, it gets to know about business strategies adopted across the world.
A multidisciplinary setup enables it to bring experts from all fields under one platform. Diversification in business helps reduce its dependence on any specific market, industry or geographic area. It also increases the company’s ability to adapt to changing conditions.
Charles River's professional team has helped it to achieve and maintain a solid reputation for providing high-quality consulting services. Almost three-fourths of the company’s senior consultants are highly educated, with a doctorate or other advanced degrees and are recognized experts in their respective fields. In 2022, the company had 939 consulting staff, which includes 149 officers, 496 other senior staff and 294 junior staff.
Charles River also works with a select group of non-employee experts belonging to top educational institutes to better serve clients. These experts generate business and provide access to other leading academic and industry experts.
Charles River has a consistent record of returning value to shareholders in the form of dividends and share repurchases. In 2022, 2021, and 2020, the company repurchased shares worth $27.6 million, $44.9 million and $13.4 million, respectively. It paid $9.58 million, $8.29 million, and $7.50 million as dividends during 2022, 2021 and 2020, respectively.
Higher talent costs due to a competitive talent market are hurting consulting services companies like Charles River. The industry is labor-intensive and heavily dependent on foreign talent.
Charles River's current ratio (a measure of liquidity) at the end of second-quarter 2023 was pegged at 1.07, lower than the current ratio of 1.08 reported at the end of the year-ago quarter.
Zacks Rank & Other Key Picks
Charles River currently carries a Zacks Rank #2 (Buy).
The following stocks from the Business Services Sector are also worth consideration by investors:
DocuSign DOCU beat the Zacks Consensus Estimate in all the four trailing quarters and has an earnings surprise of 25.6%. The current year Zacks Consensus Estimate for revenues indicates an 8.1% increase from the year-ago figure. The consensus mark for earnings is pegged at $2.52 per share, suggesting 24.1% year-over-year growth. DOCU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. The current Zacks Consensus Estimate for revenues indicates a 3.5% increase from the year-ago figure. The consensus mark for earnings is pegged at $3.51 per share, suggesting a 4.1% year-over-year decline. ABM has a Zacks Rank of 2, at present.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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DocuSign (DOCU) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. | Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. | ABM Industries ABM beat the Zacks Consensus Estimate in all the four trailing quarters, with an earnings surprise of 2.64%. ABM has a Zacks Rank of 2, at present. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29117.0 | 2023-08-29 00:00:00 UTC | Gartner (IT) Benefits From Diversified Addressable Market | ABM | https://www.nasdaq.com/articles/gartner-it-benefits-from-diversified-addressable-market | nan | nan | Gartner, Inc. IT provides analysis known for its quality, independence and objectivity. Its research reports, which have become essential for companies in various sectors, solidifies its top position in the market.
Gartner has gained 19.1% in the past year compared with the Consulting Market industry’s 12.7% growth.
Factors That Bode Well
Over time, Gartner's research reports have been firmly established as essential resources for a wide range of companies. Utilizing advanced technology, Gartner provides vital insights and decision-making solutions drawn from extensive data sources. The acquisition of CEB further enhances Gartner's market presence, resulting in a well-rounded service portfolio. Renowned for its top-notch, impartial analysis, Gartner assists organizations in cost-saving and effectively navigating the ever-changing IT landscape, presenting a compelling value proposition.
Gartner enjoys a vast, diversified market with low customer concentration, which minimizes operational risks. In an industry with low entry barriers, Gartner's integrated research and consulting team gives it a competitive edge. Leveraging its rich intellectual resources, Gartner widely distributes exclusive research content via reports, tools, networking, consulting, and events, ensuring a steadily improving revenue stream. Due to the adept execution of operational plans, Gartner has sustained double-digit growth in key metrics for over a decade.
Gartner, Inc. Price
Gartner, Inc. price | Gartner, Inc. Quote
Gartner's commitment to rewarding its shareholders through share repurchases is commendable. In 2022, 2021, and 2020, Gartner bought back 3.8 million, 7.3 million, and 1.2 million shares at a cost of $1 billion, $1.7 billion, and $176.3 million, respectively. These actions demonstrate the company's dedication to enhancing shareholder value and showcasing the strong belief in its business. Additionally, such initiatives bolster investors’ confidence in the stock and have a favorable impact on earnings per share.
Gartner's current ratio at the end of second-quarter 2023 was pegged at 0.87, higher than the current ratio of 0.62 reported at the end of the prior-year quarter. This indicates that the company should not have problems meeting its short-term debt obligations.
Threats to Gartner
Gartner is exposed to foreign exchange risk due to its global operations, with fluctuations in the U.S. dollar impacting financial results against currencies like the British pound, euro, Canadian dollar, Australian dollar, and Japanese yen.
Consulting firms, including Gartner, face rising talent costs in a competitive labor market, which is heavily reliant on foreign talent. While automation and AI present opportunities, they also introduce uncertainties as clients explore new performance-enhancing methods.
IT currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks from the Business Services sector are mentioned below.
DocuSign DOCU has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 25.6%. The Zacks Consensus Estimate for current-year revenues indicates an 8.1% increase from the year-ago reported figure. The consensus mark for earnings is pegged at $2.52 per share, indicating 24.1% year-over-year growth. DOCU currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CRA International CRAI has beaten the Zacks Consensus Estimate in two of the four trailing quarters and missed on two instances, with an earning surprise of 5.1%. The Zacks Consensus Estimate for revenues indicates a 6.6% increase from the year-ago reported figure. The consensus mark for earnings is pegged at $5.49 per share, indicating a 7.6% year-over-year decline. CRAI has a Zacks Rank #2 (Buy) at present.
ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. The Zacks Consensus Estimate for revenues indicates a 3.5% increase from the year-ago reported figure. The consensus mark for earnings is pegged at $3.51 per share, indicating a 4.1% year-over-year decline. ABM has a Zacks Rank of 2 at present.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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DocuSign (DOCU) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM has a Zacks Rank of 2 at present. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM has a Zacks Rank of 2 at present. | ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM has a Zacks Rank of 2 at present. | ABM has a Zacks Rank of 2 at present. ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. Click to get this free report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29118.0 | 2023-08-28 00:00:00 UTC | Automatic Data (ADP) Benefits From Strong Business Model | ABM | https://www.nasdaq.com/articles/automatic-data-adp-benefits-from-strong-business-model | nan | nan | Automatic Data Processing, Inc. ADP boasts a robust business model, marked by substantial recurring revenues, favorable profit margins, exceptional client loyalty, and efficient capital usage. Moreover, its commitment to innovation, operational enhancements, and ongoing transformation initiatives underscores its strategic vision for continued success. Increasing expenses pressurize the bottom line.
In the past six months, ADP has grown 15.3%, outperforming the Outsourcing Market Industry’s 12.5% increase in the same time frame.
Factors Boding Well
ADP's three-tiered business strategy is instrumental in sustaining and enhancing its prominent position as a provider of human capital management (HCM) technology and services. The company is primarily concentrating on delivering a comprehensive suite of cloud-based HCM and HR Outsourcing solutions. Additionally, it is actively broadening its international presence in the HCM and HR Outsourcing sectors by leveraging established local software solutions and cloud-based solutions tailored for multi-country use.
Automatic Data Processing, Inc. Price
Automatic Data Processing, Inc. price | Automatic Data Processing, Inc. Quote
ADP boasts a robust business model characterized by substantial recurring revenues, favorable profit margins, impressive client retention rates, and minimal capital expenditure requirements. This financial stability affords ADP the flexibility to pursue growth opportunities in promising areas.
ADP has made notable progress in increasing the adoption of its DataCloud services and has directed increased investment into inside sales, mid-market migrations, and service alignment initiatives as part of its ongoing transformation efforts. These initiatives are driving innovation, operational improvements, margin expansion, and enhanced innovation capabilities.
Furthermore, ADP's strategic acquisitions, such as Celergo, WorkMarket, Global Cash Card, and The Marcus Buckingham Company, have not only fortified its customer base but have also facilitated its expansion into international markets. The company remains committed to pursuing acquisitions, which strategically complement its overall business portfolio and are well-suited for seamless integration in the long term. The recent acquisition of Honu HR, Inc. DBA Sora (Sora) enhances its strategy to streamline HR processes through automation, combining Sora's user-friendly platform with ADP's HCM solutions for improved efficiency and employee experiences.
Threats for ADP
ADP's current ratio at the end of third-quarter fiscal 2023 was pegged at 0.99, lower than the current ratio of 1.00 reported at the end of the previous quarter. This indicates that the company may have problems meeting its short-term debt obligations.
ADP has been witnessing a notable uptick in its expenditures due to ongoing acquisitions and investments in its transformation projects. Specifically, in fiscal year 2023, ADP incurred $13.8 billion as total expenses, indicating 8% year-over-year growth. In 2022, ADP's total expenses reached $12.8 billion, marking a substantial 10% increase compared with the previous year. This expense trend has persisted over several years, with expenses increasing 2% in 2021, 3% in fiscal 2020, 3.7% in fiscal 2019, and a significant 7.7% in fiscal 2018. Consequently, it is anticipated that this ongoing increase in expenses will continue to exert pressure on ADP's bottom-line financial performance in the foreseeable future.
Zacks Rank and Stocks to Consider
ADP currently holds Zacks Rank #3 (Hold)
These are the few Business Services stocks worth consideration by investors:
DocuSign DOCU has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 25.6%. The current year Zacks Consensus Estimate for revenues indicate an 8.1% increase from the year-ago figure. The consensus mark for earnings is pegged at $2.52 per share, indicating 24.1% year-over-year growth. DOCU currently sports Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CRA International CRAI has beaten the Zacks Consensus Estimate in two of the four trailing quarters and missed on two instances, with an earning surprise of 5.1%. The current Zacks Consensus Estimate for revenues indicate a 6.6% increase from the year-ago figure. The consensus mark for earnings is pegged at $5.49 per share, indicating a 7.6% year-over-year decline. CRAI holds a Zacks Rank #2 (Buy), at present.
ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. The current Zacks Consensus Estimate for revenues indicate a 3.5% increase from the year-ago figure. The consensus mark for earnings is pegged at $3.51 per share, indicating a 4.1% year-over-year decline. ABM holds a Zacks Rank of 2, at present.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM holds a Zacks Rank of 2, at present. Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM holds a Zacks Rank of 2, at present. | Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM holds a Zacks Rank of 2, at present. | ABM Industries ABM has beaten the Zacks Consensus Estimate in all the four trailing quarters and has an earning surprise of 2.64%. ABM holds a Zacks Rank of 2, at present. Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Charles River Associates (CRAI) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29119.0 | 2023-08-24 00:00:00 UTC | 5 Dividend Aristocrats Where Analysts See Capital Gains | ABM | https://www.nasdaq.com/articles/5-dividend-aristocrats-where-analysts-see-capital-gains-101 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
UGI Corp. (Symbol: UGI) $22.86 $36.40 59.23%
Essential Utilities Inc (Symbol: WTRG) $37.03 $55.20 49.07%
Cullen/Frost Bankers, Inc. (Symbol: CFR) $96.15 $122.77 27.68%
ABM Industries, Inc. (Symbol: ABM) $45.09 $55.00 21.98%
National Fuel Gas Co. (Symbol: NFG) $53.39 $62.25 16.59%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
UGI Corp. (Symbol: UGI) 6.56% 59.23% 65.79%
Essential Utilities Inc (Symbol: WTRG) 3.32% 49.07% 52.39%
Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.83% 27.68% 31.51%
ABM Industries, Inc. (Symbol: ABM) 1.95% 21.98% 23.93%
National Fuel Gas Co. (Symbol: NFG) 3.71% 16.59% 20.3%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30%
Essential Utilities Inc (Symbol: WTRG) $1.091 $1.168 7.06%
Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00%
ABM Industries, Inc. (Symbol: ABM) $0.775 $0.855 10.32%
National Fuel Gas Co. (Symbol: NFG) $1.84 $1.92 4.35%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
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Dividend Growth Stocks: 25 Aristocrats »
Also see:
Institutional Holders of ISWN
Cintas shares outstanding history
CLBS Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Get the latest Zacks research report on ABM — FREE Get the latest Zacks research report on NFG — FREE Dividend Growth Stocks: 25 Aristocrats » Also see: Institutional Holders of ISWN Cintas shares outstanding history CLBS Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. UGI Corp. (Symbol: UGI) $22.86 $36.40 59.23% Essential Utilities Inc (Symbol: WTRG) $37.03 $55.20 49.07% Cullen/Frost Bankers, Inc. (Symbol: CFR) $96.15 $122.77 27.68% ABM Industries, Inc. (Symbol: ABM) $45.09 $55.00 21.98% National Fuel Gas Co. (Symbol: NFG) $53.39 $62.25 16.59% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 6.56% 59.23% 65.79% Essential Utilities Inc (Symbol: WTRG) 3.32% 49.07% 52.39% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.83% 27.68% 31.51% ABM Industries, Inc. (Symbol: ABM) 1.95% 21.98% 23.93% National Fuel Gas Co. (Symbol: NFG) 3.71% 16.59% 20.3% Another consideration with dividend growth stocks is just how much the dividend is growing. | UGI Corp. (Symbol: UGI) $22.86 $36.40 59.23% Essential Utilities Inc (Symbol: WTRG) $37.03 $55.20 49.07% Cullen/Frost Bankers, Inc. (Symbol: CFR) $96.15 $122.77 27.68% ABM Industries, Inc. (Symbol: ABM) $45.09 $55.00 21.98% National Fuel Gas Co. (Symbol: NFG) $53.39 $62.25 16.59% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 6.56% 59.23% 65.79% Essential Utilities Inc (Symbol: WTRG) 3.32% 49.07% 52.39% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.83% 27.68% 31.51% ABM Industries, Inc. (Symbol: ABM) 1.95% 21.98% 23.93% National Fuel Gas Co. (Symbol: NFG) 3.71% 16.59% 20.3% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30% Essential Utilities Inc (Symbol: WTRG) $1.091 $1.168 7.06% Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00% ABM Industries, Inc. (Symbol: ABM) $0.775 $0.855 10.32% National Fuel Gas Co. (Symbol: NFG) $1.84 $1.92 4.35% These five stocks are part of our full Dividend Aristocrats List. | UGI Corp. (Symbol: UGI) $22.86 $36.40 59.23% Essential Utilities Inc (Symbol: WTRG) $37.03 $55.20 49.07% Cullen/Frost Bankers, Inc. (Symbol: CFR) $96.15 $122.77 27.68% ABM Industries, Inc. (Symbol: ABM) $45.09 $55.00 21.98% National Fuel Gas Co. (Symbol: NFG) $53.39 $62.25 16.59% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 6.56% 59.23% 65.79% Essential Utilities Inc (Symbol: WTRG) 3.32% 49.07% 52.39% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.83% 27.68% 31.51% ABM Industries, Inc. (Symbol: ABM) 1.95% 21.98% 23.93% National Fuel Gas Co. (Symbol: NFG) 3.71% 16.59% 20.3% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30% Essential Utilities Inc (Symbol: WTRG) $1.091 $1.168 7.06% Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00% ABM Industries, Inc. (Symbol: ABM) $0.775 $0.855 10.32% National Fuel Gas Co. (Symbol: NFG) $1.84 $1.92 4.35% These five stocks are part of our full Dividend Aristocrats List. | UGI Corp. (Symbol: UGI) $22.86 $36.40 59.23% Essential Utilities Inc (Symbol: WTRG) $37.03 $55.20 49.07% Cullen/Frost Bankers, Inc. (Symbol: CFR) $96.15 $122.77 27.68% ABM Industries, Inc. (Symbol: ABM) $45.09 $55.00 21.98% National Fuel Gas Co. (Symbol: NFG) $53.39 $62.25 16.59% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 6.56% 59.23% 65.79% Essential Utilities Inc (Symbol: WTRG) 3.32% 49.07% 52.39% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.83% 27.68% 31.51% ABM Industries, Inc. (Symbol: ABM) 1.95% 21.98% 23.93% National Fuel Gas Co. (Symbol: NFG) 3.71% 16.59% 20.3% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30% Essential Utilities Inc (Symbol: WTRG) $1.091 $1.168 7.06% Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00% ABM Industries, Inc. (Symbol: ABM) $0.775 $0.855 10.32% National Fuel Gas Co. (Symbol: NFG) $1.84 $1.92 4.35% These five stocks are part of our full Dividend Aristocrats List. |
29120.0 | 2023-08-21 00:00:00 UTC | Why Hold Strategy is Apt for ABM Industries (ABM) Stock Now | ABM | https://www.nasdaq.com/articles/why-hold-strategy-is-apt-for-abm-industries-abm-stock-now-0 | nan | nan | ABM Industries Incorporated ABM is currently benefiting from growth through strategic acquisitions, as well as organic investments.
The company’s revenues are expected to increase 3.5% and 3.6% year over year in fiscal 2023 and 2024, respectively. The stock has gained 4.2% in the past three months.
ABM Industries Incorporated Price
ABM Industries Incorporated price | ABM Industries Incorporated Quote
ABM’s Tailwinds
ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its own talent management system capabilities, expanding data usage and modernizing the digital ecosystem. ELEVATE is expected to significantly accelerate the company’s organic growth, improve its strategic and comprehensive positioning, and reinforce profitability.
The 2022 acquisition of RavenVolt is a part of ABM’s ELEVATE strategy and focuses on expanding the company’s footprint in potential geographies and end markets through strategic acquisitions.
RavenVolt’s addition is expanding ABM’s Technical Solutions service offerings, strengthening its foothold in EV infrastructure, power and bundled energy solutions markets. RavenVolt also boosts ABM’s eMobility business as a provider of customized power solutions in facilities that require additional power generation capacity to support EV charging.
The acquisition of Momentum Support has strengthened ABM’s foothold in fast-growing markets in Ireland like technology and life sciences. The buyout provides ABM access to Momentum’s blue-chip customer base and positions it to cross-sell ABM services to existing ABM clients who also have a presence in the Republic of Ireland and Northern Ireland.
ABM focuses on rewarding its shareholders through dividends. The company paid $51.9 million, $51 million and $49.3 million as dividends in fiscal 2022, 2021 and 2020, respectively. Such moves indicate the company’s commitment to creating value for shareholders and underline its confidence in its business.
Some Risks
ABM's operating expenses have seen year-over-year increases, which have impacted the bottom line. During fiscal 2022, operating expenses of $6.76 billion increased 28.5% year over year. The same rose 2% year over year in fiscal 2021.
Zacks Rank & Stocks to Consider
ABM currently carries a Zacks Rank #3 (Hold).
Investors interested in the broader Zacks Business Services sector can consider stocks like Verisk Analytics VRSK and Aptiv APTV.
Verisk currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company has a trailing four-quarter earnings surprise of 9.9% on average. VRSK shares have gained 5.8% in the past three months.
Aptiv carries a Zacks Rank #2 and has a VGM Score of A. The company has a trailing four-quarter earnings surprise of 13.4% on average. APTV shares have gained 2% in the past three months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The acquisition of Momentum Support has strengthened ABM’s foothold in fast-growing markets in Ireland like technology and life sciences. ABM Industries Incorporated ABM is currently benefiting from growth through strategic acquisitions, as well as organic investments. ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote ABM’s Tailwinds ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its own talent management system capabilities, expanding data usage and modernizing the digital ecosystem. | ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote ABM’s Tailwinds ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its own talent management system capabilities, expanding data usage and modernizing the digital ecosystem. RavenVolt’s addition is expanding ABM’s Technical Solutions service offerings, strengthening its foothold in EV infrastructure, power and bundled energy solutions markets. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report Aptiv PLC (APTV) : Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote ABM’s Tailwinds ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its own talent management system capabilities, expanding data usage and modernizing the digital ecosystem. Zacks Rank & Stocks to Consider ABM currently carries a Zacks Rank #3 (Hold). Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report Aptiv PLC (APTV) : Free Stock Analysis Report To read this article on Zacks.com click here. | The 2022 acquisition of RavenVolt is a part of ABM’s ELEVATE strategy and focuses on expanding the company’s footprint in potential geographies and end markets through strategic acquisitions. ABM focuses on rewarding its shareholders through dividends. ABM Industries Incorporated ABM is currently benefiting from growth through strategic acquisitions, as well as organic investments. |
29121.0 | 2023-08-09 00:00:00 UTC | Limbach (LMB) Beats Q2 Earnings and Revenue Estimates | ABM | https://www.nasdaq.com/articles/limbach-lmb-beats-q2-earnings-and-revenue-estimates | nan | nan | Limbach (LMB) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.27, delivering a surprise of 125%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Limbach, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $124.88 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 0.71%. This compares to year-ago revenues of $116.12 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Limbach shares have added about 163.7% since the beginning of the year versus the S&P 500's gain of 17.2%.
What's Next for Limbach?
While Limbach has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Limbach: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.29 on $127 million in revenues for the coming quarter and $1.12 on $500.01 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Maintenance Service is currently in the top 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, ABM Industries (ABM), has yet to report results for the quarter ended July 2023.
This provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is expected to post quarterly earnings of $0.88 per share in its upcoming report, which represents a year-over-year change of -6.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
ABM Industries' revenues are expected to be $2.02 billion, up 3% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the same industry, ABM Industries (ABM), has yet to report results for the quarter ended July 2023. ABM Industries' revenues are expected to be $2.02 billion, up 3% from the year-ago quarter. Click to get this free report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, ABM Industries (ABM), has yet to report results for the quarter ended July 2023. ABM Industries' revenues are expected to be $2.02 billion, up 3% from the year-ago quarter. | Click to get this free report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, ABM Industries (ABM), has yet to report results for the quarter ended July 2023. ABM Industries' revenues are expected to be $2.02 billion, up 3% from the year-ago quarter. | Another stock from the same industry, ABM Industries (ABM), has yet to report results for the quarter ended July 2023. ABM Industries' revenues are expected to be $2.02 billion, up 3% from the year-ago quarter. Click to get this free report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29122.0 | 2023-08-08 00:00:00 UTC | Validea's Top Industrial Stocks Based On Peter Lynch - 8/8/2023 | ABM | https://www.nasdaq.com/articles/valideas-top-industrial-stocks-based-on-peter-lynch-8-8-2023 | nan | nan | The following are the top rated Industrial stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DANAOS CORPORATION (DAC) is a small-cap value stock in the Water Transportation industry. The rating according to our strategy based on Peter Lynch is 96% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company's principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company. The Company's manager is Danaos Shipping Company Limited (Danaos Shipping). The Company has a fleet of over 50 containerships aggregating approximately 329,590 twenty-foot equivalent units (TEUs). Its containership fleet includes approximately 53 containerships deployed on time charters and approximately two containerships deployed on bareboat charter. Gemini Shipholdings Corporation (Gemini), a company beneficially owned by the Company, owns approximately four additional containerships of over 24,000 TEU aggregate capacity.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of DANAOS CORPORATION
DAC Guru Analysis
DAC Fundamental Analysis
FEDEX CORP (FDX) is a large-cap growth stock in the Air Courier industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively and operating independently, under the FedEx brand. The Company's segments include FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx Express segment offers a range of United States domestic and international shipping services for delivery of packages and freight. The FedEx Ground segment provides small-package ground delivery services, which includes day-certain service to any business address in the United States and Canada, as well as residential delivery services through its FedEx Home Delivery service. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support the Company's operating segments.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of FEDEX CORP
FDX Guru Analysis
FDX Fundamental Analysis
MRC GLOBAL INC (MRC) is a small-cap value stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: MRC Global Inc. is a global distributor of pipe, valves, and fittings (PVF) and other infrastructure products and services to diversified energy, industrial and gas utility end-markets. It provides supply chain solutions and digital platforms to its customers. Its geographical segments include United States, Canada, and International. It offers a range of PVF, oilfield supply, valve automation and modification, measurement, instrumentation, and other general and specialty products from its network of over 9,000 suppliers. It provides a range of services, such as product testing, truck stocking, volume purchasing, technical support, engineering of control packages, pressure testing, documentation services, including material test records, assembly drawings and data sheets, inventory and zone store management, and warehousing. Its distribution network extends across the world, including United States, and western Canada, as well as Europe, Asia, Australasia, and the Middle East.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MRC GLOBAL INC
MRC Guru Analysis
MRC Fundamental Analysis
ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Its segments include Business & Industry (B&I), Manufacturing & Distribution (M&D), Education, Aviation, and Technical Solutions. B&I segment includes janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and non-acute healthcare facilities. M&D segment provides facility services, engineering, janitorial, and other specialized services in manufacturing and distribution. Education segment delivers custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. Aviation segment supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance and transportation. Technical Solutions segment includes mechanical and electrical services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ABM INDUSTRIES INC
ABM Guru Analysis
ABM Fundamental Analysis
QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company's components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. Its fenestration components include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products. It operates through three segments: North American Fenestration segment, which is engaged in manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Fenestration segment, which includes United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components segment, which includes North American cabinet door and components business and two wood-manufacturing plants.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of QUANEX BUILDING PRODUCTS CORP
NX Guru Analysis
NX Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. | Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. |
29123.0 | 2023-07-24 00:00:00 UTC | 5 Dividend Growth Stocks With Upside To Analyst Targets | ABM | https://www.nasdaq.com/articles/5-dividend-growth-stocks-with-upside-to-analyst-targets-98 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
UGI Corp. (Symbol: UGI) $26.50 $39.20 47.92%
Essential Utilities Inc (Symbol: WTRG) $43.10 $55.28 28.27%
National Fuel Gas Co. (Symbol: NFG) $51.93 $65.00 25.17%
ABM Industries, Inc. (Symbol: ABM) $43.81 $54.60 24.63%
Cullen/Frost Bankers, Inc. (Symbol: CFR) $114.40 $129.00 12.76%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
UGI Corp. (Symbol: UGI) 5.66% 47.92% 53.58%
Essential Utilities Inc (Symbol: WTRG) 2.66% 28.27% 30.93%
National Fuel Gas Co. (Symbol: NFG) 3.81% 25.17% 28.98%
ABM Industries, Inc. (Symbol: ABM) 2.01% 24.63% 26.64%
Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.04% 12.76% 15.8%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30%
Essential Utilities Inc (Symbol: WTRG) $1.072 $1.148 7.09%
National Fuel Gas Co. (Symbol: NFG) $1.84 $1.92 4.35%
ABM Industries, Inc. (Symbol: ABM) $0.775 $0.855 10.32%
Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
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Dividend Growth Stocks: 25 Aristocrats »
Also see:
OGI YTD Return
UPL Split History
Oracle 13F Filers
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Get the latest Zacks research report on ABM — FREE Get the latest Zacks research report on CFR — FREE Dividend Growth Stocks: 25 Aristocrats » Also see: OGI YTD Return UPL Split History Oracle 13F Filers The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. UGI Corp. (Symbol: UGI) $26.50 $39.20 47.92% Essential Utilities Inc (Symbol: WTRG) $43.10 $55.28 28.27% National Fuel Gas Co. (Symbol: NFG) $51.93 $65.00 25.17% ABM Industries, Inc. (Symbol: ABM) $43.81 $54.60 24.63% Cullen/Frost Bankers, Inc. (Symbol: CFR) $114.40 $129.00 12.76% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 5.66% 47.92% 53.58% Essential Utilities Inc (Symbol: WTRG) 2.66% 28.27% 30.93% National Fuel Gas Co. (Symbol: NFG) 3.81% 25.17% 28.98% ABM Industries, Inc. (Symbol: ABM) 2.01% 24.63% 26.64% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.04% 12.76% 15.8% Another consideration with dividend growth stocks is just how much the dividend is growing. | UGI Corp. (Symbol: UGI) $26.50 $39.20 47.92% Essential Utilities Inc (Symbol: WTRG) $43.10 $55.28 28.27% National Fuel Gas Co. (Symbol: NFG) $51.93 $65.00 25.17% ABM Industries, Inc. (Symbol: ABM) $43.81 $54.60 24.63% Cullen/Frost Bankers, Inc. (Symbol: CFR) $114.40 $129.00 12.76% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 5.66% 47.92% 53.58% Essential Utilities Inc (Symbol: WTRG) 2.66% 28.27% 30.93% National Fuel Gas Co. (Symbol: NFG) 3.81% 25.17% 28.98% ABM Industries, Inc. (Symbol: ABM) 2.01% 24.63% 26.64% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.04% 12.76% 15.8% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30% Essential Utilities Inc (Symbol: WTRG) $1.072 $1.148 7.09% National Fuel Gas Co. (Symbol: NFG) $1.84 $1.92 4.35% ABM Industries, Inc. (Symbol: ABM) $0.775 $0.855 10.32% Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00% These five stocks are part of our full Dividend Aristocrats List. | UGI Corp. (Symbol: UGI) $26.50 $39.20 47.92% Essential Utilities Inc (Symbol: WTRG) $43.10 $55.28 28.27% National Fuel Gas Co. (Symbol: NFG) $51.93 $65.00 25.17% ABM Industries, Inc. (Symbol: ABM) $43.81 $54.60 24.63% Cullen/Frost Bankers, Inc. (Symbol: CFR) $114.40 $129.00 12.76% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 5.66% 47.92% 53.58% Essential Utilities Inc (Symbol: WTRG) 2.66% 28.27% 30.93% National Fuel Gas Co. (Symbol: NFG) 3.81% 25.17% 28.98% ABM Industries, Inc. (Symbol: ABM) 2.01% 24.63% 26.64% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.04% 12.76% 15.8% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30% Essential Utilities Inc (Symbol: WTRG) $1.072 $1.148 7.09% National Fuel Gas Co. (Symbol: NFG) $1.84 $1.92 4.35% ABM Industries, Inc. (Symbol: ABM) $0.775 $0.855 10.32% Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00% These five stocks are part of our full Dividend Aristocrats List. | UGI Corp. (Symbol: UGI) $26.50 $39.20 47.92% Essential Utilities Inc (Symbol: WTRG) $43.10 $55.28 28.27% National Fuel Gas Co. (Symbol: NFG) $51.93 $65.00 25.17% ABM Industries, Inc. (Symbol: ABM) $43.81 $54.60 24.63% Cullen/Frost Bankers, Inc. (Symbol: CFR) $114.40 $129.00 12.76% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 5.66% 47.92% 53.58% Essential Utilities Inc (Symbol: WTRG) 2.66% 28.27% 30.93% National Fuel Gas Co. (Symbol: NFG) 3.81% 25.17% 28.98% ABM Industries, Inc. (Symbol: ABM) 2.01% 24.63% 26.64% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.04% 12.76% 15.8% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30% Essential Utilities Inc (Symbol: WTRG) $1.072 $1.148 7.09% National Fuel Gas Co. (Symbol: NFG) $1.84 $1.92 4.35% ABM Industries, Inc. (Symbol: ABM) $0.775 $0.855 10.32% Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00% These five stocks are part of our full Dividend Aristocrats List. |
29124.0 | 2023-07-11 00:00:00 UTC | Validea's Top Industrial Stocks Based On Peter Lynch - 7/11/2023 | ABM | https://www.nasdaq.com/articles/valideas-top-industrial-stocks-based-on-peter-lynch-7-11-2023 | nan | nan | The following are the top rated Industrial stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
RUSH ENTERPRISES INC (RUSHA) is a mid-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Rush Enterprises, Inc. is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a network of commercial vehicle dealerships under the name Rush Truck Centers. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus and Blue Bird. Through its network of Rush Truck Centers, the Company provides one-stop service for the needs of its commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. It operates approximately 125 franchised Rush Truck Centers in 23 states. The Company also owns and operates 15 international dealership locations in Ontario. It provides aftermarket parts, service and body shop operations plus financing, insurance, leasing and rental, and chrome accessories and tires.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of RUSH ENTERPRISES INC
RUSHA Guru Analysis
RUSHA Fundamental Analysis
MRC GLOBAL INC (MRC) is a small-cap value stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: MRC Global Inc. is a global distributor of pipe, valves, and fittings (PVF) and other infrastructure products and services to diversified energy, industrial and gas utility end-markets. It provides supply chain solutions and digital platforms to its customers. Its geographical segments include United States, Canada, and International. It offers a range of PVF, oilfield supply, valve automation and modification, measurement, instrumentation, and other general and specialty products from its network of over 9,000 suppliers. It provides a range of services, such as product testing, truck stocking, volume purchasing, technical support, engineering of control packages, pressure testing, documentation services, including material test records, assembly drawings and data sheets, inventory and zone store management, and warehousing. Its distribution network extends across the world, including United States, and western Canada, as well as Europe, Asia, Australasia, and the Middle East.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MRC GLOBAL INC
MRC Guru Analysis
MRC Fundamental Analysis
ABM INDUSTRIES INC (ABM) is a mid-cap value stock in the Business Services industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Its segments include Business & Industry (B&I), Manufacturing & Distribution (M&D), Education, Aviation, and Technical Solutions. B&I segment includes janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and non-acute healthcare facilities. M&D segment provides facility services, engineering, janitorial, and other specialized services in manufacturing and distribution. Education segment delivers custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. Aviation segment supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance and transportation. Technical Solutions segment includes mechanical and electrical services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ABM INDUSTRIES INC
ABM Guru Analysis
ABM Fundamental Analysis
QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company's components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. Its fenestration components include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products. It operates through three segments: North American Fenestration segment, which is engaged in manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Fenestration segment, which includes United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components segment, which includes North American cabinet door and components business and two wood-manufacturing plants.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of QUANEX BUILDING PRODUCTS CORP
NX Guru Analysis
NX Fundamental Analysis
SAIA INC (SAIA) is a mid-cap growth stock in the Trucking industry. The rating according to our strategy based on Peter Lynch is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Saia, Inc. is a transportation company. The Company provides less-than-truckload (LTL) services through a single integrated organization. It also offers customers a range of other value-added services, including non-asset truckload, expedited, and logistics services across North America. Its subsidiary, Saia Motor Freight Line, LLC (Saia LTL Freight), is a LTL carrier that serves 45 states and provides LTL services to Canada and Mexico through relationships with third-party interline carriers. Saia LTL Freight specializes in offering its customers a range of LTL services, including time-definite and expedited options. Saia LTL Freight primarily provides its customers with solutions for shipments between 100 and 10,000 pounds. Saia LTL Freight operates a network comprised of approximately 191 owned and leased facilities, including three general offices and one warehouse, and also owns approximately 6,200 tractors and 20,800 trailers, including equipment acquired with finance leases.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SAIA INC
SAIA Guru Analysis
SAIA Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap value stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. | Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap value stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap value stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap value stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. |
29125.0 | 2023-07-10 00:00:00 UTC | Transformational Initiatives Aid ABM Amid Increasing Costs | ABM | https://www.nasdaq.com/articles/transformational-initiatives-aid-abm-amid-increasing-costs | nan | nan | ABM Industries, Inc. ABM is benefiting from its transformational initiatives. The company’s 2020 Vision and ELEVATE plan reinforces strategic positioning and boost profitability.
ABM reported mixed second-quarter fiscal 2023 results, wherein earnings beat the Zacks Consensus Estimate, while revenues missed the same. Adjusted earnings (considering 12 cents from non-recurring items) from continuing operations came in at 90 cents per share, which beat the consensus estimate by 4.7% and increased 1% from the last fiscal year’s quarterly figure.
Total revenues of $1.98 billion missed the consensus mark by 1.5% but improved 4.5% from the last fiscal year’s quarterly figure. The upside was backed by solid segmental performance, strength from new accounts which came online late last year and the acquisition of RavenVolt. Quarterly revenue growth included 2.3% organic growth and a 2.2% upside from acquisitions.
Factors Favoring ABM
ABM initiated a transformative initiative called "2020 Vision" in 2015 to achieve long-term profitable growth through an industry-based go-to-market approach. The company centralized key functions, strengthened sales capabilities and invested in service delivery tools and processes, enhancing its offerings and positioning as an integrated facilities management company.
ABM's strategic plan, "ELEVATE," focuses on acquisitions, talent management, data usage and digital modernization to drive organic growth and profitability. The acquisition of RavenVolt in 2022 expands ABM's Technical Solutions and eMobility businesses.
ABM Industries Incorporated Revenue (TTM)
ABM Industries Incorporated revenue-ttm | ABM Industries Incorporated Quote
ABM also rewards shareholders through dividend payments and share repurchases, demonstrating its commitment to value creation and confidence in the business. The company paid $51.9 million, $51 million and $49.3 million as dividends in fiscal 2022, 2021 and 2020, respectively. ABM returned $9.8 million and $5.1 million as share repurchases in 2022 and 2020 respectively.
ABM's current ratio at the end of the second quarter was pegged at 1.53, higher than the current ratio of 1.3 reported at the end of the first quarter of fiscal 2023 and 1.18 reported at the end of the prior-year quarter. It indicates that the company will have no problem meeting its short-term debt obligations.
A Major Concern
ABM' operating expenses have seen year-over-year increases, which have impacted the bottom line. During fiscal 2022, operating expenses of $6.76 billion increased 28.5% year over year. The same rose 2% year over year in fiscal 2021.
Zacks Rank and Stocks to Consider
ABM currently carries a Zacks Rank #3 (Hold).
Investors interested in the broader Zacks Business Services can consider the following stocks:
Avis Budget CAR: For second-quarter 2023, the Zacks Consensus Estimate of Avis Budget’s revenues suggests a decline of 1.6% year over year to $3.19 billion and the same for earnings indicates a 38.4% plunge to $9.82 per share. The company has an impressive earning surprise history, beating the consensus mark in all four trailing quarters, the average surprise being 65.2%.
CAR has a Value Score of A and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Maximus MMS: For second-quarter 2023, the Zacks Consensus Estimate of Maximus’ revenues suggests an increase of 6.9% year over year to $1.2 billion and the same for earnings indicates a 46.2% rise to $1.14 per share. The company has an impressive earning surprise history, beating the consensus mark in three instances and missing on one instance, the average surprise being 9.6%.
MMS has a VGM Score of B and presently flaunts a Zacks Rank of 1.
Rollins ROL: For second-quarter 2023, the Zacks Consensus Estimate of Rollins’ revenues suggests growth of 12.6% year over year to $803.6 million and the same for earnings indicates a 15% increase to 23 cents per share. The company has an impressive earning surprise history, beating the consensus mark in three of the four trailing quarters and missing on one instance, the average surprise being 5.53%.
ROL currently has a Zacks Rank #2 (Buy) and a Growth Score of A.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM reported mixed second-quarter fiscal 2023 results, wherein earnings beat the Zacks Consensus Estimate, while revenues missed the same. ABM's strategic plan, "ELEVATE," focuses on acquisitions, talent management, data usage and digital modernization to drive organic growth and profitability. ABM Industries, Inc. ABM is benefiting from its transformational initiatives. | Click to get this free report Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report Maximus, Inc. (MMS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries, Inc. ABM is benefiting from its transformational initiatives. ABM reported mixed second-quarter fiscal 2023 results, wherein earnings beat the Zacks Consensus Estimate, while revenues missed the same. | Click to get this free report Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report Maximus, Inc. (MMS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries, Inc. ABM is benefiting from its transformational initiatives. ABM reported mixed second-quarter fiscal 2023 results, wherein earnings beat the Zacks Consensus Estimate, while revenues missed the same. | ABM Industries, Inc. ABM is benefiting from its transformational initiatives. ABM reported mixed second-quarter fiscal 2023 results, wherein earnings beat the Zacks Consensus Estimate, while revenues missed the same. Factors Favoring ABM ABM initiated a transformative initiative called "2020 Vision" in 2015 to achieve long-term profitable growth through an industry-based go-to-market approach. |
29126.0 | 2023-07-06 00:00:00 UTC | Why Is ABM Industries (ABM) Down 12.5% Since Last Earnings Report? | ABM | https://www.nasdaq.com/articles/why-is-abm-industries-abm-down-12.5-since-last-earnings-report | nan | nan | A month has gone by since the last earnings report for ABM Industries (ABM). Shares have lost about 12.5% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is ABM Industries due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
ABM Industries Surpasses Q2 Earnings Estimates
ABM Industries Inc. reported mixed second-quarter fiscal 2023 results wherein earnings beat the Zacks Consensus Estimate while revenues missed the same.
Adjusted earnings (considering 12 cents from non-recurring items) from continuing operations came in at 90 cents per share, which beat the consensus estimate by 4.7% and increased 1% from last fiscal year’s quarterly figure.
Total revenues of $1.98 billion missed the consensus mark by 1.5% but improved 4.5% from last fiscal year’s quarterly figure. The upside was backed by solid segmental performance, strength from new accounts which came online late last year and the acquisition of RavenVolt. Quarterly revenue growth included 2.3% organic growth and a 2.2% upside from acquisitions.
Segment-Wise Revenues
The Business & Industry segment’s revenues decreased 0.5% from the last fiscal year’s quarterly figure to $998.5 million. Revenues from the Manufacturing & Distribution segment rose 4.5% to $373.2 million and the Aviation segment’s revenues rose 22.2% from the last fiscal year’s quarterly figure to $227.2 million. Technical Solutions and Education segments’ revenues increased 14.6% and 6% from the prior-year fiscal quarter’s levels to $168.4 million and $216.7 million, respectively.
Operating Results
Adjusted EBITDA came in at $137 million, increasing 15.2% from the prior-year period. Adjusted EBITDA margin was at 7.2%, compared with 6.5% reported in the prior-year period.
Operating expenses increased 4.1% from the year-ago figure to $1.72 billion. Selling, general and administrative expenses declined slightly from the year-ago level to $156.6 million.
Balance Sheet & Cash Flow
ABM Industries exited second-quarter fiscal 2023 with cash and cash equivalents of $71.2 million, compared with $87.9 million at the end of the prior fiscal quarter. Long-term debt was $1.4 billion, compared with $1.2 billion at the end of the prior fiscal quarter.
Net cash provided by operating activities totaled $26 million for the reported quarter. Free cash flow came in at $16 million.
2023 Guidance
For fiscal 2023, ABM Industries expects adjusted Earning Per Share to be in the range of $3.40-$3.60. Adjusted EBITDA margin is anticipated to be between 6.5% and 6.8%. Interest expense is expected at around $80 million.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended upward during the past month.
VGM Scores
Currently, ABM Industries has a nice Growth Score of B, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, ABM Industries has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A month has gone by since the last earnings report for ABM Industries (ABM). Will the recent negative trend continue leading up to its next earnings release, or is ABM Industries due for a breakout? ABM Industries Surpasses Q2 Earnings Estimates ABM Industries Inc. reported mixed second-quarter fiscal 2023 results wherein earnings beat the Zacks Consensus Estimate while revenues missed the same. | ABM Industries Surpasses Q2 Earnings Estimates ABM Industries Inc. reported mixed second-quarter fiscal 2023 results wherein earnings beat the Zacks Consensus Estimate while revenues missed the same. Balance Sheet & Cash Flow ABM Industries exited second-quarter fiscal 2023 with cash and cash equivalents of $71.2 million, compared with $87.9 million at the end of the prior fiscal quarter. A month has gone by since the last earnings report for ABM Industries (ABM). | ABM Industries Surpasses Q2 Earnings Estimates ABM Industries Inc. reported mixed second-quarter fiscal 2023 results wherein earnings beat the Zacks Consensus Estimate while revenues missed the same. Balance Sheet & Cash Flow ABM Industries exited second-quarter fiscal 2023 with cash and cash equivalents of $71.2 million, compared with $87.9 million at the end of the prior fiscal quarter. A month has gone by since the last earnings report for ABM Industries (ABM). | A month has gone by since the last earnings report for ABM Industries (ABM). 2023 Guidance For fiscal 2023, ABM Industries expects adjusted Earning Per Share to be in the range of $3.40-$3.60. Will the recent negative trend continue leading up to its next earnings release, or is ABM Industries due for a breakout? |
29127.0 | 2023-07-03 00:00:00 UTC | Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now? | ABM | https://www.nasdaq.com/articles/is-proshares-russell-2000-dividend-growers-etf-smdv-a-strong-etf-right-now-7 | nan | nan | Launched on 02/03/2015, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Value category of the market.
What Are Smart Beta ETFs?
For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment.
Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.
The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns.
Fund Sponsor & Index
The fund is managed by Proshares, and has been able to amass over $810.22 million, which makes it one of the average sized ETFs in the Style Box - Small Cap Value. Before fees and expenses, SMDV seeks to match the performance of the Russell 2000 Dividend Growth Index.
The Russell 2000 Dividend Growth Index targets companies that are currently members of the Russell 2000 Index and have increased dividend payments each year for at least 10 years.
Cost & Other Expenses
When considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.
Annual operating expenses for SMDV are 0.40%, which makes it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 2.74%.
Performance and Risk
Year-to-date, the ProShares Russell 2000 Dividend Growers ETF has lost about -2.52% so far, and is up roughly 3.41% over the last 12 months (as of 07/03/2023). SMDV has traded between $55.50 and $66.96 in this past 52-week period.
The fund has a beta of 0.78 and standard deviation of 20.20% for the trailing three-year period, which makes SMDV a medium risk choice in this particular space. With about 97 holdings, it effectively diversifies company-specific risk.
Alternatives
ProShares Russell 2000 Dividend Growers ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well.
IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. IShares Core Dividend Growth ETF has $23.85 billion in assets, Vanguard Dividend Appreciation ETF has $69.13 billion. DGRO has an expense ratio of 0.08% and VIG charges 0.06%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
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Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports
iShares Core Dividend Growth ETF (DGRO): ETF Research Reports
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Launched on 02/03/2015, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Value category of the market. On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Alternatives ProShares Russell 2000 Dividend Growers ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Launched on 02/03/2015, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Value category of the market. IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Launched on 02/03/2015, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Value category of the market. The fund has a beta of 0.78 and standard deviation of 20.20% for the trailing three-year period, which makes SMDV a medium risk choice in this particular space. |
29128.0 | 2023-06-23 00:00:00 UTC | ABM Industries a Top Ranked SAFE Dividend Stock With 2.1% Yield (ABM) | ABM | https://www.nasdaq.com/articles/abm-industries-a-top-ranked-safe-dividend-stock-with-2.1-yield-abm | nan | nan | ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.1% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.66% of the SPDR S&P Dividend ETF (SDY), which holds $145,404,969 worth of ABM shares.
ABM Industries, Inc. (Symbol: ABM) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by ABM Industries, Inc. is $0.88/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 07/05/2023. Below is a long-term dividend history chart for ABM, which the report stressed as being of key importance.
ABM operates in the Business Services & Equipment sector, among companies like Visa Inc (V), and Mastercard Inc (MA).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Below is a long-term dividend history chart for ABM, which the report stressed as being of key importance. ABM operates in the Business Services & Equipment sector, among companies like Visa Inc (V), and Mastercard Inc (MA). ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. | ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. ABM Industries, Inc. (Symbol: ABM) made the "Dividend Channel S.A.F.E. According to the ETF Finder at ETF Channel, ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.66% of the SPDR S&P Dividend ETF (SDY), which holds $145,404,969 worth of ABM shares. | According to the ETF Finder at ETF Channel, ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.66% of the SPDR S&P Dividend ETF (SDY), which holds $145,404,969 worth of ABM shares. ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. ABM Industries, Inc. (Symbol: ABM) made the "Dividend Channel S.A.F.E. | ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. According to the ETF Finder at ETF Channel, ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.66% of the SPDR S&P Dividend ETF (SDY), which holds $145,404,969 worth of ABM shares. ABM Industries, Inc. (Symbol: ABM) made the "Dividend Channel S.A.F.E. |
29129.0 | 2023-06-23 00:00:00 UTC | 5 Broker-Friendly Stocks to Monitor in the Current Scenario | ABM | https://www.nasdaq.com/articles/5-broker-friendly-stocks-to-monitor-in-the-current-scenario | nan | nan | That inflation is showing signs of easing is definitely a welcome sign as far as the U.S. economy is concerned. Per the Bureau of Labor Statistics, the Consumer Price Index increased 4% year over year in May. The increase was not only lower than expected but also below April’s reading. Further good news came in when the Producer Price Index reading revealed that the decline in producer prices for the month of May was more than expected. With inflation woes subsiding, consumer sentiment in the United States is on the mend. The stunning job growth witnessed in May is a further positive as far as economic health is concerned.
Investors will no doubt want to take advantage of this brightening scenario. One way to do so would be to follow broker advice and keep broker-favorite stocks like American Airlines AAL, Bread Financial BFH, ABM Industries ABM, Cleveland-Cliffs CLF and Archer Daniels Midland Company ADM in one’s watchlist.
Why Should You Pay Heed to Broker Advice?
As brokers indulge in extensive research on stocks under their coverage, they have access to detailed information on a company. Also, they attend company conference calls/presentations and scrutinize every piece of document available in the public domain before instructing investors.
Since brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. Naturally, their estimate revisions serve as an important pointer regarding the price of a stock.
Given this extensive know-how, brokers are deemed to be experts in the field of investing. They are believed to be equipped with thorough knowledge and a clear insight into the complexities associated with the investment world. Paying heed to such well-researched information is, therefore, desirable for investors to avoid an unfortunate scenario where one’s hard-earned money invested in stock markets goes down the drain.
Winning Strategy
The above write-up therefore suggests that by following broker actions, one can arrive at a winning portfolio of stocks. Keeping this in mind, we have designed a screen to shortlist stocks based on improving analyst recommendations and upward revisions of earnings estimates over the last four weeks.
Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it is included. The price/sales ratio takes care of a company’s top line, making the strategy foolproof.
Screening Criteria
# (Up- Down Rating)/ Total (4 weeks) =Top #75: This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks.
% change in Q (1) est. (4 weeks) = Top #10: This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
To ensure that the strategy is a winning one, covering all bases, we have added the following screening parameters:
Price-to-Sales = Bot%10: The lower the ratio the better. Companies meeting this criterion are in the bottom 10% of our universe of over 7,700 stocks with respect to this ratio.
Price greater than 5: A stock trading below $5 will not likely create significant interest for most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days: Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000: This gives us stocks that are the top 3000 if one judges by market capitalization.
Com/ADR/Canadian= Com: This eliminates the ADR and Canadian stocks.
Here are five of the 10 stocks that passed the screen test:
American Airlines: It is based in Fort Worth, TX. The gradual increase in air travel demand (particularly for leisure) is aiding AAL. However, high operating costs are hurting the bottom line.
Over the past 60 days, the Zacks Consensus Estimate for 2023 earnings has been revised 12.9% upward. AAL currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Bread Financial: Based in Columbus, OH, the company continues to benefit from data-driven marketing strategies. Solid receivables growth in Card Services should drive its top line. Acquisitions and divestitures will aid the company in growing inorganically and expanding its international footprint.
Over the past 60 days, the Zacks Consensus Estimate for BFH’s 2023 earnings has been revised 24.4% upward. Bread Financial currently carries a Zacks Rank #3.
ABM Industries: This integrated facility solutions provider's multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiency, developing its own talent management system capabilities, expanding data usage and modernizing the digital ecosystem.
ABM has outpaced the Zacks Consensus Estimate for earnings in three of the past four quarters (reporting in-line earnings in the remaining quarter). ABM currently carries a Zacks Rank #3.
Cleveland-Cliffs: It is a leading iron ore producer in the United States. It supplies differentiated iron ore pellets under long-term contracts to major blast furnace steel producers in North America. The Mining and Pelletizing operation gains from low-cost, high-quality iron ore pellet production with substantial logistics and transportation advantages to serve the Great Lakes steel market. The company should gain from its merger with AK Steel Holding Corporation.
Over the past 60 days, the Zacks Consensus Estimate for CLF’s 2023 earnings has been revised 4.3% upward. Cleveland-Cliffs currently carries a Zacks Rank #3.
Archer Daniels: This Chicago, IL-based agricultural product company’s leadership in key global trends like flexitarian diets, nutrition and sustainable materials has been a key contributor to its momentum. Its focus on making investments in assets and technological capabilities to serve customers efficiently is likely to be a significant growth driver. Solid demand, improved productivity and product innovations have been driving growth.
ADM outpaced the Zacks Consensus Estimate for earnings in each of the past four quarters by an average of 23.44%. The stock currently carries a Zacks Rank #3.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Archer Daniels Midland Company (ADM) : Free Stock Analysis Report
Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report
ABM Industries Incorporated (ABM) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One way to do so would be to follow broker advice and keep broker-favorite stocks like American Airlines AAL, Bread Financial BFH, ABM Industries ABM, Cleveland-Cliffs CLF and Archer Daniels Midland Company ADM in one’s watchlist. ABM Industries: This integrated facility solutions provider's multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiency, developing its own talent management system capabilities, expanding data usage and modernizing the digital ecosystem. ABM has outpaced the Zacks Consensus Estimate for earnings in three of the past four quarters (reporting in-line earnings in the remaining quarter). | One way to do so would be to follow broker advice and keep broker-favorite stocks like American Airlines AAL, Bread Financial BFH, ABM Industries ABM, Cleveland-Cliffs CLF and Archer Daniels Midland Company ADM in one’s watchlist. Click to get this free report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Bread Financial Holdings, Inc. (BFH) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries: This integrated facility solutions provider's multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiency, developing its own talent management system capabilities, expanding data usage and modernizing the digital ecosystem. | One way to do so would be to follow broker advice and keep broker-favorite stocks like American Airlines AAL, Bread Financial BFH, ABM Industries ABM, Cleveland-Cliffs CLF and Archer Daniels Midland Company ADM in one’s watchlist. Click to get this free report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Bread Financial Holdings, Inc. (BFH) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries: This integrated facility solutions provider's multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiency, developing its own talent management system capabilities, expanding data usage and modernizing the digital ecosystem. | One way to do so would be to follow broker advice and keep broker-favorite stocks like American Airlines AAL, Bread Financial BFH, ABM Industries ABM, Cleveland-Cliffs CLF and Archer Daniels Midland Company ADM in one’s watchlist. ABM Industries: This integrated facility solutions provider's multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiency, developing its own talent management system capabilities, expanding data usage and modernizing the digital ecosystem. ABM has outpaced the Zacks Consensus Estimate for earnings in three of the past four quarters (reporting in-line earnings in the remaining quarter). |
29130.0 | 2023-06-22 00:00:00 UTC | 5 Dividend Growth Stocks With Upside To Analyst Targets | ABM | https://www.nasdaq.com/articles/5-dividend-growth-stocks-with-upside-to-analyst-targets-93 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
UGI Corp. (Symbol: UGI) $26.78 $41.80 56.09%
Essential Utilities Inc (Symbol: WTRG) $40.94 $54.75 33.73%
ABM Industries, Inc. (Symbol: ABM) $41.66 $54.60 31.06%
National Fuel Gas Co. (Symbol: NFG) $51.40 $64.50 25.49%
Cullen/Frost Bankers, Inc. (Symbol: CFR) $108.87 $130.07 19.47%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
UGI Corp. (Symbol: UGI) 5.60% 56.09% 61.69%
Essential Utilities Inc (Symbol: WTRG) 2.80% 33.73% 36.53%
ABM Industries, Inc. (Symbol: ABM) 2.11% 31.06% 33.17%
National Fuel Gas Co. (Symbol: NFG) 3.85% 25.49% 29.34%
Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.20% 19.47% 22.67%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30%
Essential Utilities Inc (Symbol: WTRG) $1.072 $1.148 7.09%
ABM Industries, Inc. (Symbol: ABM) $0.77 $0.83 7.79%
National Fuel Gas Co. (Symbol: NFG) $1.82 $1.9 4.40%
Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
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Dividend Growth Stocks: 25 Aristocrats »
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Institutional Holders of EUXL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | UGI Corp. (Symbol: UGI) $26.78 $41.80 56.09% Essential Utilities Inc (Symbol: WTRG) $40.94 $54.75 33.73% ABM Industries, Inc. (Symbol: ABM) $41.66 $54.60 31.06% National Fuel Gas Co. (Symbol: NFG) $51.40 $64.50 25.49% Cullen/Frost Bankers, Inc. (Symbol: CFR) $108.87 $130.07 19.47% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 5.60% 56.09% 61.69% Essential Utilities Inc (Symbol: WTRG) 2.80% 33.73% 36.53% ABM Industries, Inc. (Symbol: ABM) 2.11% 31.06% 33.17% National Fuel Gas Co. (Symbol: NFG) 3.85% 25.49% 29.34% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.20% 19.47% 22.67% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30% Essential Utilities Inc (Symbol: WTRG) $1.072 $1.148 7.09% ABM Industries, Inc. (Symbol: ABM) $0.77 $0.83 7.79% National Fuel Gas Co. (Symbol: NFG) $1.82 $1.9 4.40% Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00% These five stocks are part of our full Dividend Aristocrats List. | UGI Corp. (Symbol: UGI) $26.78 $41.80 56.09% Essential Utilities Inc (Symbol: WTRG) $40.94 $54.75 33.73% ABM Industries, Inc. (Symbol: ABM) $41.66 $54.60 31.06% National Fuel Gas Co. (Symbol: NFG) $51.40 $64.50 25.49% Cullen/Frost Bankers, Inc. (Symbol: CFR) $108.87 $130.07 19.47% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 5.60% 56.09% 61.69% Essential Utilities Inc (Symbol: WTRG) 2.80% 33.73% 36.53% ABM Industries, Inc. (Symbol: ABM) 2.11% 31.06% 33.17% National Fuel Gas Co. (Symbol: NFG) 3.85% 25.49% 29.34% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.20% 19.47% 22.67% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30% Essential Utilities Inc (Symbol: WTRG) $1.072 $1.148 7.09% ABM Industries, Inc. (Symbol: ABM) $0.77 $0.83 7.79% National Fuel Gas Co. (Symbol: NFG) $1.82 $1.9 4.40% Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00% These five stocks are part of our full Dividend Aristocrats List. | UGI Corp. (Symbol: UGI) $26.78 $41.80 56.09% Essential Utilities Inc (Symbol: WTRG) $40.94 $54.75 33.73% ABM Industries, Inc. (Symbol: ABM) $41.66 $54.60 31.06% National Fuel Gas Co. (Symbol: NFG) $51.40 $64.50 25.49% Cullen/Frost Bankers, Inc. (Symbol: CFR) $108.87 $130.07 19.47% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 5.60% 56.09% 61.69% Essential Utilities Inc (Symbol: WTRG) 2.80% 33.73% 36.53% ABM Industries, Inc. (Symbol: ABM) 2.11% 31.06% 33.17% National Fuel Gas Co. (Symbol: NFG) 3.85% 25.49% 29.34% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.20% 19.47% 22.67% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30% Essential Utilities Inc (Symbol: WTRG) $1.072 $1.148 7.09% ABM Industries, Inc. (Symbol: ABM) $0.77 $0.83 7.79% National Fuel Gas Co. (Symbol: NFG) $1.82 $1.9 4.40% Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00% These five stocks are part of our full Dividend Aristocrats List. | UGI Corp. (Symbol: UGI) $26.78 $41.80 56.09% Essential Utilities Inc (Symbol: WTRG) $40.94 $54.75 33.73% ABM Industries, Inc. (Symbol: ABM) $41.66 $54.60 31.06% National Fuel Gas Co. (Symbol: NFG) $51.40 $64.50 25.49% Cullen/Frost Bankers, Inc. (Symbol: CFR) $108.87 $130.07 19.47% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 5.60% 56.09% 61.69% Essential Utilities Inc (Symbol: WTRG) 2.80% 33.73% 36.53% ABM Industries, Inc. (Symbol: ABM) 2.11% 31.06% 33.17% National Fuel Gas Co. (Symbol: NFG) 3.85% 25.49% 29.34% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.20% 19.47% 22.67% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.395 $1.455 4.30% Essential Utilities Inc (Symbol: WTRG) $1.072 $1.148 7.09% ABM Industries, Inc. (Symbol: ABM) $0.77 $0.83 7.79% National Fuel Gas Co. (Symbol: NFG) $1.82 $1.9 4.40% Cullen/Frost Bankers, Inc. (Symbol: CFR) $3 $3.48 16.00% These five stocks are part of our full Dividend Aristocrats List. |
29131.0 | 2023-06-20 00:00:00 UTC | Upcoming Dividend Run For ABM? | ABM | https://www.nasdaq.com/articles/upcoming-dividend-run-for-abm | nan | nan | This morning a "Potential Dividend Run Alert" went out for ABM Industries, Inc. (NYSE: ABM), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we?
First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend date.
For anyone unfamiliar with the term, the ex-dividend date marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares before the ex-dividend date.
All else equal, the stock price would be expected to drop by the dividend amount on that ex-date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.22 dividend before ex-date, but no longer entitled to that amount on or after ex-date, then this drop makes perfect sense! Because if the shares didn't drop by that same 0.22 the next day, then effectively, buyers would effectively be paying 0.22 more for the same share of stock.
But now think about this: if a stock is expected to drop by the dividend amount (all else equal) on ex-date, then in turn, shouldn't that stock be expected to rise sometime ahead of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And that wouldn't make any sense for a company continually earning money and paying dividends. So indeed, "sometime" before a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in other words: pressure for the stock to have a potential Dividend Run.
And notice we put the word "sometime" in quotes in that last sentence, because there are differing views among different dividend investors about timeframe when it comes to capturing Dividend Run effects. Some like to invest (and then also to sell) on specific target dates; others like to employ some form of dollar cost averaging. Some like to invest shortly before ex-div, hold for the dividend, and then sell on or after ex-date (having actually capturing the dividend / received the income). Others like to sell the day before ex-date (the last possible day where the buyer of the shares will still be "paying for" the upcoming dividend) with the idea to try and maximize capital gain. In this capital-gain-focused scenario, one common timeframe we've seen discussed, is to buy about two weeks (ten trading days) prior to the targeted sale date.
For example, consider the 0.22/share ABM dividend that went "ex-dividend" on 01/04/23. On the prior trading day — the last day where a seller knows that the buyer of their shares will be expecting that dividend amount — shares of ABM closed at 44.90. And two weeks (ten trading days) prior to that, on 12/16/22, shares closed at a price of 43.89. That means that in the final two-week run-up to the 0.22 dividend, ABM gained 1.01 in price.
Looking back at the last four dividends paid by ABM, this strategy would have captured a capital gain in excess of the dividend 3 out of 4 times, with a "Divvy Run" total of +5.73 in capital gains. Incidentally, that exceeds the sum total dividend amounts across those last four dividends, of 0.83. Here's the data:
EX-DIVIDEND ——PRICE 2 WEEKS PRIOR—» ——PRICE 1 DAY PRIOR—» RUN GAIN/LOSS
04/05/23 0.22 03/21/23 44.22 04/04/23 43.49 -0.73
01/04/23 0.22 12/16/22 43.89 01/03/23 44.90 +1.01
10/05/22 0.195 09/20/22 40.26 10/04/22 41.99 +1.73
07/06/22 0.195 06/17/22 39.01 07/05/22 42.73 +3.72
Div Total: 0.83 "Divvy Run" Total: +5.73
In about two weeks from now, ABM Industries, Inc. (NYSE: ABM) will go ex-dividend for its latest dividend of 0.22/share. Will Dividend Run history repeat itself?
Upcoming Dividend: 0.22/share
Ex-Div Date: 07/05/23
Payment Date: 08/07/23
Dividend Frequency: Quarterly
Full ABM Dividend History »
As the saying goes, past performance is never a guarantee of future returns. But one thing's for sure: for those investors who count Dividend Runs among the tools in their arsenal, ABM is a good dividend stock to know about and have on your radar screen with its implied annualized yield of 2.08%.
Stay tuned for future Dividend Run candidates, and if you'd like to receive email alerts right into your inbox, enroll in our free Dividend Alerts feature, courtesy of DividendChannel.com.
Also see:
KTEC Historical Stock Prices
Institutional Holders of SZO
SNI Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This morning a "Potential Dividend Run Alert" went out for ABM Industries, Inc. (NYSE: ABM), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). For example, consider the 0.22/share ABM dividend that went "ex-dividend" on 01/04/23. On the prior trading day — the last day where a seller knows that the buyer of their shares will be expecting that dividend amount — shares of ABM closed at 44.90. | This morning a "Potential Dividend Run Alert" went out for ABM Industries, Inc. (NYSE: ABM), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). 04/05/23 0.22 03/21/23 44.22 04/04/23 43.49 -0.73 01/04/23 0.22 12/16/22 43.89 01/03/23 44.90 +1.01 10/05/22 0.195 09/20/22 40.26 10/04/22 41.99 +1.73 07/06/22 0.195 06/17/22 39.01 07/05/22 42.73 +3.72 Div Total: 0.83 "Divvy Run" Total: +5.73 In about two weeks from now, ABM Industries, Inc. (NYSE: ABM) will go ex-dividend for its latest dividend of 0.22/share. Upcoming Dividend: 0.22/share Ex-Div Date: 07/05/23 Payment Date: 08/07/23 Dividend Frequency: Quarterly Full ABM Dividend History » As the saying goes, past performance is never a guarantee of future returns. | Upcoming Dividend: 0.22/share Ex-Div Date: 07/05/23 Payment Date: 08/07/23 Dividend Frequency: Quarterly Full ABM Dividend History » As the saying goes, past performance is never a guarantee of future returns. This morning a "Potential Dividend Run Alert" went out for ABM Industries, Inc. (NYSE: ABM), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). For example, consider the 0.22/share ABM dividend that went "ex-dividend" on 01/04/23. | This morning a "Potential Dividend Run Alert" went out for ABM Industries, Inc. (NYSE: ABM), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). For example, consider the 0.22/share ABM dividend that went "ex-dividend" on 01/04/23. On the prior trading day — the last day where a seller knows that the buyer of their shares will be expecting that dividend amount — shares of ABM closed at 44.90. |
29132.0 | 2023-06-15 00:00:00 UTC | ABM August 18th Options Begin Trading | ABM | https://www.nasdaq.com/articles/abm-august-18th-options-begin-trading | nan | nan | Investors in ABM Industries, Inc. (Symbol: ABM) saw new options become available today, for the August 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABM options chain for the new August 18th contracts and identified the following put contract of particular interest.
The put contract at the $35.00 strike price has a current bid of 5 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $35.00, but will also collect the premium, putting the cost basis of the shares at $34.95 (before broker commissions). To an investor already interested in purchasing shares of ABM, that could represent an attractive alternative to paying $42.37/share today.
Because the $35.00 strike represents an approximate 17% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.14% return on the cash commitment, or 0.81% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $35.00 strike is located relative to that history:
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $42.37) to be 29%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Puts of S.A.F.E. Dividend Stocks »
Also see:
Institutional Holders of IMTL
Funds Holding GFF
PVL Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $35.00 strike is located relative to that history: Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $42.37) to be 29%. Investors in ABM Industries, Inc. (Symbol: ABM) saw new options become available today, for the August 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABM options chain for the new August 18th contracts and identified the following put contract of particular interest. | Investors in ABM Industries, Inc. (Symbol: ABM) saw new options become available today, for the August 18th expiration. Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $35.00 strike is located relative to that history: Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $42.37) to be 29%. At Stock Options Channel, our YieldBoost formula has looked up and down the ABM options chain for the new August 18th contracts and identified the following put contract of particular interest. | At Stock Options Channel, our YieldBoost formula has looked up and down the ABM options chain for the new August 18th contracts and identified the following put contract of particular interest. Investors in ABM Industries, Inc. (Symbol: ABM) saw new options become available today, for the August 18th expiration. To an investor already interested in purchasing shares of ABM, that could represent an attractive alternative to paying $42.37/share today. | At Stock Options Channel, our YieldBoost formula has looked up and down the ABM options chain for the new August 18th contracts and identified the following put contract of particular interest. Investors in ABM Industries, Inc. (Symbol: ABM) saw new options become available today, for the August 18th expiration. To an investor already interested in purchasing shares of ABM, that could represent an attractive alternative to paying $42.37/share today. |
29133.0 | 2023-06-13 00:00:00 UTC | Validea's Top 5 Industrial Stocks Based On Peter Lynch - 6/13/2023 | ABM | https://www.nasdaq.com/articles/valideas-top-5-industrial-stocks-based-on-peter-lynch-6-13-2023 | nan | nan | The following are the top rated Industrial stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DANAOS CORPORATION (DAC) is a small-cap value stock in the Water Transportation industry. The rating according to our strategy based on Peter Lynch is 96% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company's principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company. The Company's manager is Danaos Shipping Company Limited (Danaos Shipping). The Company has a fleet of over 50 containerships aggregating approximately 329,590 twenty-foot equivalent units (TEUs). Its containership fleet includes approximately 53 containerships deployed on time charters and approximately two containerships deployed on bareboat charter. Gemini Shipholdings Corporation (Gemini), a company beneficially owned by the Company, owns approximately four additional containerships of over 24,000 TEU aggregate capacity.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of DANAOS CORPORATION
DAC Guru Analysis
DAC Fundamental Analysis
RUSH ENTERPRISES INC (RUSHA) is a mid-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Rush Enterprises, Inc. is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a network of commercial vehicle dealerships under the name Rush Truck Centers. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus and Blue Bird. Through its network of Rush Truck Centers, the Company provides one-stop service for the needs of its commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. It operates approximately 125 franchised Rush Truck Centers in 23 states. The Company also owns and operates 15 international dealership locations in Ontario. It provides aftermarket parts, service and body shop operations plus financing, insurance, leasing and rental, and chrome accessories and tires.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of RUSH ENTERPRISES INC
RUSHA Guru Analysis
RUSHA Fundamental Analysis
MRC GLOBAL INC (MRC) is a small-cap value stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: MRC Global Inc. is a global distributor of pipe, valves, and fittings (PVF) and other infrastructure products and services to diversified energy, industrial and gas utility end-markets. It provides supply chain solutions and digital platforms to its customers. Its geographical segments include United States, Canada, and International. It offers a range of PVF, oilfield supply, valve automation and modification, measurement, instrumentation, and other general and specialty products from its network of over 9,000 suppliers. It provides a range of services, such as product testing, truck stocking, volume purchasing, technical support, engineering of control packages, pressure testing, documentation services, including material test records, assembly drawings and data sheets, inventory and zone store management, and warehousing. Its distribution network extends across the world, including United States, and western Canada, as well as Europe, Asia, Australasia, and the Middle East.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MRC GLOBAL INC
MRC Guru Analysis
MRC Fundamental Analysis
ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Its segments include Business & Industry (B&I), Manufacturing & Distribution (M&D), Education, Aviation, and Technical Solutions. B&I segment includes janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and non-acute healthcare facilities. M&D segment provides facility services, engineering, janitorial, and other specialized services in manufacturing and distribution. Education segment delivers custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. Aviation segment supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance and transportation. Technical Solutions segment includes mechanical and electrical services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ABM INDUSTRIES INC
ABM Guru Analysis
ABM Fundamental Analysis
QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company's components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. Its fenestration components include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products. It operates through three segments: North American Fenestration segment, which is engaged in manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Fenestration segment, which includes United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components segment, which includes North American cabinet door and components business and two wood-manufacturing plants.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of QUANEX BUILDING PRODUCTS CORP
NX Guru Analysis
NX Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. | Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap growth stock in the Constr. |
29134.0 | 2023-06-08 00:00:00 UTC | Diversified Dividend Compounder ABM Industries Moves Higher | ABM | https://www.nasdaq.com/articles/diversified-dividend-compounder-abm-industries-moves-higher | nan | nan | ABM Industries (NYSE: ABM) is no high-profile stock but is a blue-chip name in business services with diversification and dividend growth. The company provides facility maintenance and other services in 6 segments that span sectors and industries. The diversified nature of the business aids growth and helps support the dividend and the dividend growth outlook. The Q2 results were not spectacular, but the stock increased its value following the release.
Among the drivers of the rally is the dividend. ABM Industries is a Dividend King with the power to compound its yield for many more decades. The company is paying only 30% of its earnings outlook, and there is growth in the forecast. The balance sheet is also sound, leverage is manageable at 2.6X, and the cash flow is healthy. The company may not improve the distribution CAGR, which is running below 5%, but it is sustainable and above the long-term inflation target.
Another driver of this market is a high and rising institutional interest that begs the question, if the institutions think this is a good buy, does that make it a good buy for regular investors too? The institutions own more than 92% of the stock and have been buying on balance for the last 2 quarters and the last 2 years. That action has put a floor in action at $38, and support rose to buy a dip to $42 earlier this year.
ABM Industries: Growing After All These Years
ABM Industries is an old company with many decades of growth to its credit. Despite this, the company can still grow and produce $2.0 billion in revenue in Q2. This is up 4.% compared to the prior year and is a quarterly record likely broken next year. The revenue is as expected, which is not a catalyst, but other factors offset that. Aviation was the strongest segment, with a 22% growth offset y 6% and 5% growth in the Education and Manufacturing segments. Technical grew by 15% due to an acquisition; it contracted by 6% otherwise, while Business and Industry contracted by 1%.
The best news in the report is the margin. The company’s margin contracted compared to last year but less than expected, leaving the adjusted earnings at $0.90 and up $0.01 YOY. That’s a nickel better than expected and helps to support the full-year outlook, which was adjusted. The adjusted is to GAAP results due to a change in the valuation of assets; the adjusted guidance was maintained at the prior level, which again is not a catalyst for a rally, but enough to sustain the dividend and dividend growth outlook.
ABM Industries Expands Into Electrification
ABM is entering a new market that should help sustain growth for years. The new segment is electrification and will consolidate existing businesses into the new RavenVolt acquisition. ABM has installed more than 30,000 EV charging stations to date and offers an end-to-end turnkey solution to clients. The need for charging stations is only growing with the adoption of EVs, and it will accelerate before it cools down.
The price action in ABM has been range bound for the last 2 years, but it is moving upward within the range now. The Q2 report sparked a price surge that could get the market to the top of the range. The next hurdle is $49.50; if the stock can move above there, it should drift to the $52 level and possibly higher. If not, this stock will remain range bound while it pays and grows its dividend.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM has installed more than 30,000 EV charging stations to date and offers an end-to-end turnkey solution to clients. ABM Industries (NYSE: ABM) is no high-profile stock but is a blue-chip name in business services with diversification and dividend growth. ABM Industries is a Dividend King with the power to compound its yield for many more decades. | ABM Industries: Growing After All These Years ABM Industries is an old company with many decades of growth to its credit. ABM Industries (NYSE: ABM) is no high-profile stock but is a blue-chip name in business services with diversification and dividend growth. ABM Industries is a Dividend King with the power to compound its yield for many more decades. | ABM Industries (NYSE: ABM) is no high-profile stock but is a blue-chip name in business services with diversification and dividend growth. ABM Industries: Growing After All These Years ABM Industries is an old company with many decades of growth to its credit. ABM Industries Expands Into Electrification ABM is entering a new market that should help sustain growth for years. | The price action in ABM has been range bound for the last 2 years, but it is moving upward within the range now. ABM Industries (NYSE: ABM) is no high-profile stock but is a blue-chip name in business services with diversification and dividend growth. ABM Industries is a Dividend King with the power to compound its yield for many more decades. |
29135.0 | 2023-06-07 00:00:00 UTC | ABM Industries (ABM) Declares $0.22 Dividend | ABM | https://www.nasdaq.com/articles/abm-industries-abm-declares-%240.22-dividend-0 | nan | nan | ABM Industries said on June 6, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Previously, the company paid $0.22 per share.
Shares must be purchased before the ex-div date of July 5, 2023 to qualify for the dividend. Shareholders of record as of July 6, 2023 will receive the payment on August 7, 2023.
At the current share price of $48.51 / share, the stock's dividend yield is 1.81%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.93%, the lowest has been 1.42%, and the highest has been 3.62%. The standard deviation of yields is 0.28 (n=236).
The current dividend yield is 0.42 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.30. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.19%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 567 funds or institutions reporting positions in ABM Industries. This is a decrease of 5 owner(s) or 0.87% in the last quarter. Average portfolio weight of all funds dedicated to ABM is 0.23%, a decrease of 1.99%. Total shares owned by institutions increased in the last three months by 2.91% to 75,695K shares.
The put/call ratio of ABM is 0.40, indicating a bullish outlook.
Analyst Price Forecast Suggests 18.10% Upside
As of June 1, 2023, the average one-year price target for ABM Industries is 57.29. The forecasts range from a low of 48.48 to a high of $68.25. The average price target represents an increase of 18.10% from its latest reported closing price of 48.51.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ABM Industries is 8,212MM, an increase of 4.46%. The projected annual non-GAAP EPS is 3.74.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 4,814K shares representing 7.28% ownership of the company. In it's prior filing, the firm reported owning 4,902K shares, representing a decrease of 1.83%. The firm decreased its portfolio allocation in ABM by 3.46% over the last quarter.
SDY - SPDR(R) S&P(R) Dividend ETF holds 3,630K shares representing 5.49% ownership of the company. In it's prior filing, the firm reported owning 3,483K shares, representing an increase of 4.04%. The firm increased its portfolio allocation in ABM by 8.69% over the last quarter.
Victory Capital Management holds 2,108K shares representing 3.19% ownership of the company. In it's prior filing, the firm reported owning 1,932K shares, representing an increase of 8.37%. The firm increased its portfolio allocation in ABM by 7.78% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,033K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 2,025K shares, representing an increase of 0.37%. The firm decreased its portfolio allocation in ABM by 6.23% over the last quarter.
Boston Partners holds 1,842K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 1,821K shares, representing an increase of 1.12%. The firm increased its portfolio allocation in ABM by 1.71% over the last quarter.
ABM Industries Background Information
(This description is provided by the company.)
ABM Industries Inc. is a facility management provider in the United States. ABM was founded in 1909 by Morris Rosenberg in San Francisco, California, as a single-person window washing business. As of 2013, the company has over 130,000 employees, over 350 offices, and various international locations.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM was founded in 1909 by Morris Rosenberg in San Francisco, California, as a single-person window washing business. ABM Industries said on June 6, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). There are 567 funds or institutions reporting positions in ABM Industries. | ABM Industries said on June 6, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). There are 567 funds or institutions reporting positions in ABM Industries. Average portfolio weight of all funds dedicated to ABM is 0.23%, a decrease of 1.99%. | ABM Industries said on June 6, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). There are 567 funds or institutions reporting positions in ABM Industries. Average portfolio weight of all funds dedicated to ABM is 0.23%, a decrease of 1.99%. | There are 567 funds or institutions reporting positions in ABM Industries. ABM Industries said on June 6, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Average portfolio weight of all funds dedicated to ABM is 0.23%, a decrease of 1.99%. |
29136.0 | 2023-06-07 00:00:00 UTC | Company News for Jun 7, 2023 | ABM | https://www.nasdaq.com/articles/company-news-for-jun-7-2023 | nan | nan | THOR Industries Inc.’s (THO) shares soared 17.7% after reporting third quarter fiscal 2023 adjusted earnings per share of $2.24, surpassing the Zacks Consensus Estimate of $1.13.
Cracker Barrel Old Country Store Inc.’s (CBRL) shares tumbled 4.6% after the company reported third quarter fiscal 2023 adjusted earnings per share of $1.21, missing the Zacks Consensus Estimate of $1.33.
Shares of ABM Industries Inc. (ABM) climbed 7.1% after posting second quarter fiscal 2023 adjusted earnings per share of $0.90, outpacing the Zacks Consensus Estimate of $0.86.
Shares of Core & Main Inc. (CNM) surged 3.4% after the company posted first quarter fiscal 2023 adjusted earnings per share of $0.50, beating the Zacks Consensus Estimate of $0.46.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares of ABM Industries Inc. (ABM) climbed 7.1% after posting second quarter fiscal 2023 adjusted earnings per share of $0.90, outpacing the Zacks Consensus Estimate of $0.86. Click to get this free report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report Thor Industries, Inc. (THO) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Core & Main, Inc. (CNM) : Free Stock Analysis Report To read this article on Zacks.com click here. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. | Click to get this free report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report Thor Industries, Inc. (THO) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Core & Main, Inc. (CNM) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of ABM Industries Inc. (ABM) climbed 7.1% after posting second quarter fiscal 2023 adjusted earnings per share of $0.90, outpacing the Zacks Consensus Estimate of $0.86. Cracker Barrel Old Country Store Inc.’s (CBRL) shares tumbled 4.6% after the company reported third quarter fiscal 2023 adjusted earnings per share of $1.21, missing the Zacks Consensus Estimate of $1.33. | Click to get this free report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report Thor Industries, Inc. (THO) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Core & Main, Inc. (CNM) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of ABM Industries Inc. (ABM) climbed 7.1% after posting second quarter fiscal 2023 adjusted earnings per share of $0.90, outpacing the Zacks Consensus Estimate of $0.86. THOR Industries Inc.’s (THO) shares soared 17.7% after reporting third quarter fiscal 2023 adjusted earnings per share of $2.24, surpassing the Zacks Consensus Estimate of $1.13. | Click to get this free report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report Thor Industries, Inc. (THO) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Core & Main, Inc. (CNM) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of ABM Industries Inc. (ABM) climbed 7.1% after posting second quarter fiscal 2023 adjusted earnings per share of $0.90, outpacing the Zacks Consensus Estimate of $0.86. THOR Industries Inc.’s (THO) shares soared 17.7% after reporting third quarter fiscal 2023 adjusted earnings per share of $2.24, surpassing the Zacks Consensus Estimate of $1.13. |
29137.0 | 2023-06-06 00:00:00 UTC | ABM Industries Gains After Reporting Q2 Earnings Growth; FY23 Outlook | ABM | https://www.nasdaq.com/articles/abm-industries-gains-after-reporting-q2-earnings-growth-fy23-outlook | nan | nan | (RTTNews) - ABM Industries Inc. (ABM) shares are gaining more than 6 percent on Tuesday morning trade after the company reported an increase in second-quarter earnings supported by revenue growth. The specialty business services provider also raised its full-year earnings projection.
The quarterly earnings were $51.9 or $0.78 per share compared to $48.8 or $0.72 per share last year.
Revenue for the quarter gained 4.5 percent to $1.98 billion from $1.89 billion in the prior year.
Looking ahead to the full year 2023, the company expects earnings in a range of $2.52 to $2.72 per share, up from previous expectations in a range of $2.43 - $2.63.
Currently, shares are at $48.33, up 6.68 percent from the previous close of $45.30 on a volume of 149,594.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - ABM Industries Inc. (ABM) shares are gaining more than 6 percent on Tuesday morning trade after the company reported an increase in second-quarter earnings supported by revenue growth. The specialty business services provider also raised its full-year earnings projection. Currently, shares are at $48.33, up 6.68 percent from the previous close of $45.30 on a volume of 149,594. | (RTTNews) - ABM Industries Inc. (ABM) shares are gaining more than 6 percent on Tuesday morning trade after the company reported an increase in second-quarter earnings supported by revenue growth. Revenue for the quarter gained 4.5 percent to $1.98 billion from $1.89 billion in the prior year. Looking ahead to the full year 2023, the company expects earnings in a range of $2.52 to $2.72 per share, up from previous expectations in a range of $2.43 - $2.63. | (RTTNews) - ABM Industries Inc. (ABM) shares are gaining more than 6 percent on Tuesday morning trade after the company reported an increase in second-quarter earnings supported by revenue growth. The quarterly earnings were $51.9 or $0.78 per share compared to $48.8 or $0.72 per share last year. Looking ahead to the full year 2023, the company expects earnings in a range of $2.52 to $2.72 per share, up from previous expectations in a range of $2.43 - $2.63. | (RTTNews) - ABM Industries Inc. (ABM) shares are gaining more than 6 percent on Tuesday morning trade after the company reported an increase in second-quarter earnings supported by revenue growth. The specialty business services provider also raised its full-year earnings projection. Revenue for the quarter gained 4.5 percent to $1.98 billion from $1.89 billion in the prior year. |
29138.0 | 2023-06-06 00:00:00 UTC | Compared to Estimates, ABM Industries (ABM) Q2 Earnings: A Look at Key Metrics | ABM | https://www.nasdaq.com/articles/compared-to-estimates-abm-industries-abm-q2-earnings%3A-a-look-at-key-metrics | nan | nan | ABM Industries (ABM) reported $1.98 billion in revenue for the quarter ended April 2023, representing a year-over-year increase of 4.5%. EPS of $0.90 for the same period compares to $0.89 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.01 billion, representing a surprise of -1.27%. The company delivered an EPS surprise of +4.65%, with the consensus EPS estimate being $0.86.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ABM Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Manufacturing & Distribution: $373.20 million compared to the $374.80 million average estimate based on six analysts.
Revenues- Aviation: $227.20 million versus the three-analyst average estimate of $200.27 million. The reported number represents a year-over-year change of +22.2%.
Revenues- Education: $216.70 million versus the three-analyst average estimate of $210.26 million. The reported number represents a year-over-year change of +6%.
Revenues- Business & Industry: $998.50 million compared to the $1.05 billion average estimate based on three analysts. The reported number represents a change of -0.5% year over year.
Revenues- Technical Solutions: $168.40 million versus the three-analyst average estimate of $184.10 million. The reported number represents a year-over-year change of +14.6%.
Operating profit- Education: $11.80 million versus $11.05 million estimated by three analysts on average.
Operating profit- Technical Solutions: $10.20 million versus $15.61 million estimated by three analysts on average.
Operating profit- Business & Industry: $76.20 million versus $79.43 million estimated by three analysts on average.
Operating profit- Aviation: $23.60 million versus the three-analyst average estimate of $7.47 million.
Operating profit (loss)- Manufacturing & Distribution: $40.80 million versus the three-analyst average estimate of $40.75 million.
Operating profit (loss)- Adjustment for income from unconsolidated affiliates, included in Aviation and Technical Solutions: -$0.60 million compared to the -$0.45 million average estimate based on two analysts.
Operating profit (loss)- Corporate: -$69.20 million versus -$67.81 million estimated by two analysts on average.
View all Key Company Metrics for ABM Industries here>>>
Shares of ABM Industries have returned +7% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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ABM Industries Incorporated (ABM) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares of ABM Industries have returned +7% over the past month versus the Zacks S&P 500 composite's +3.6% change. ABM Industries (ABM) reported $1.98 billion in revenue for the quarter ended April 2023, representing a year-over-year increase of 4.5%. Here is how ABM Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Manufacturing & Distribution: $373.20 million compared to the $374.80 million average estimate based on six analysts. | Here is how ABM Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Manufacturing & Distribution: $373.20 million compared to the $374.80 million average estimate based on six analysts. ABM Industries (ABM) reported $1.98 billion in revenue for the quarter ended April 2023, representing a year-over-year increase of 4.5%. View all Key Company Metrics for ABM Industries here>>> | Here is how ABM Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Manufacturing & Distribution: $373.20 million compared to the $374.80 million average estimate based on six analysts. ABM Industries (ABM) reported $1.98 billion in revenue for the quarter ended April 2023, representing a year-over-year increase of 4.5%. View all Key Company Metrics for ABM Industries here>>> | Here is how ABM Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Manufacturing & Distribution: $373.20 million compared to the $374.80 million average estimate based on six analysts. View all Key Company Metrics for ABM Industries here>>> ABM Industries (ABM) reported $1.98 billion in revenue for the quarter ended April 2023, representing a year-over-year increase of 4.5%. |
29139.0 | 2023-06-06 00:00:00 UTC | ABM Industries (ABM) Q2 Earnings Beat Estimates, Revenues Miss | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q2-earnings-beat-estimates-revenues-miss | nan | nan | ABM Industries Inc. ABM reported mixedsecond-quarter fiscal 2023 results wherein earnings beat the Zacks Consensus Estimate while revenues missed the same.
Adjusted earnings (considering 12 cents from non-recurring items) from continuing operations came in at 90 cents per share, which beat the consensus estimate by 4.7% and increased 1% from last fiscal year’s quarterly figure.
Total revenues of $1.98 billion missed the consensus mark by 1.5% but improved 4.5% from last fiscal year’s quarterly figure. The upside was backed by solid segmental performance, strength from new accounts which came online late last year and the acquisition of RavenVolt. Quarterly revenue growth included 2.3% organic growth and a 2.2% upside from acquisitions.
Segment-Wise Revenues
The Business & Industry segment’s revenues decreased 0.5% from the last fiscal year’s quarterly figure to $998.5 million. Revenues from the Manufacturing & Distribution segment rose 4.5% to $373.2 million and the Aviation segment’s revenues rose 22.2% from the last fiscal year’s quarterly figure to $227.2 million. Technical Solutions and Education segments’ revenues increased 14.6% and 6% from the prior-year fiscal quarter’s levels to $168.4 million and $216.7 million, respectively.
Operating Results
Adjusted EBITDA came in at $137 million, increasing 15.2% from the prior-year period. Adjusted EBITDA margin was at 7.2%, compared with 6.5% reported in the prior-year period.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote
Operating expenses increased 4.1% from the year-ago figure to $1.72 billion. Selling, general and administrative expenses declined slightly from the year-ago level to $156.6 million.
Balance Sheet & Cash Flow
ABM Industries exited second-quarter fiscal 2023 with cash and cash equivalents of $71.2 million, compared with $87.9 million at the end of the prior fiscal quarter. Long-term debt was $1.4 billion, compared with $1.2 billion at the end of the prior fiscal quarter.
Net cash provided by operating activities totaled $26 million for the reported quarter. Free cash flow came in at $16 million.
2023 Guidance
For fiscal 2023, ABM Industries expects adjusted earnings per share to be in the range of $3.40-$3.60. The midpoint of the guided range ($3.50) lies below the Zacks Consensus Estimate of $3.51. Adjusted EBITDA margin is anticipated to be between 6.5% and 6.8%. Interest expense is expected at around $80 million.
Earnings Snapshot
Equifax EFX reported better-than-expected first-quarter 2023 results. Adjusted earnings (excluding 52 cents from non-recurring items) came in at $1.43 per share, beating the Zacks Consensus Estimate by 4.4% but declining 35.6% from the year-ago figure. Total revenues of $1.3 billion surpassed the consensus estimate by 1.5% but decreased 4.5% on a reported basis from the year-ago figure. The top line was down 3% on a local currency basis.
Omnicom OMC reported better-than-expected first-quarter 2023 results. OMC’s earnings of $1.56 per share beat the Zacks Consensus Estimate by 13%. Earnings per share increased 12.2% year over year. Total revenues of $3.4 billion surpassed the consensus estimate by 2.3%. The top line increased 1% year over year.
Fiserv, Inc.FISV reported impressive first-quarter 2023 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Adjusted earnings per share (excluding 69 cents from non-recurring items) of $1.58 increased 12.9% year over year, beating the consensus mark by 1.3%. Adjusted revenues of $4.28 billion beat the consensus estimate by 3% and increased 9.5% year over year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Inc. ABM reported mixedsecond-quarter fiscal 2023 results wherein earnings beat the Zacks Consensus Estimate while revenues missed the same. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Operating expenses increased 4.1% from the year-ago figure to $1.72 billion. Balance Sheet & Cash Flow ABM Industries exited second-quarter fiscal 2023 with cash and cash equivalents of $71.2 million, compared with $87.9 million at the end of the prior fiscal quarter. | ABM Industries Inc. ABM reported mixedsecond-quarter fiscal 2023 results wherein earnings beat the Zacks Consensus Estimate while revenues missed the same. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Operating expenses increased 4.1% from the year-ago figure to $1.72 billion. Click to get this free report Omnicom Group Inc. (OMC) : Free Stock Analysis Report Fiserv, Inc. (FISV) : Free Stock Analysis Report Equifax, Inc. (EFX) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries Inc. ABM reported mixedsecond-quarter fiscal 2023 results wherein earnings beat the Zacks Consensus Estimate while revenues missed the same. Click to get this free report Omnicom Group Inc. (OMC) : Free Stock Analysis Report Fiserv, Inc. (FISV) : Free Stock Analysis Report Equifax, Inc. (EFX) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Operating expenses increased 4.1% from the year-ago figure to $1.72 billion. | ABM Industries Inc. ABM reported mixedsecond-quarter fiscal 2023 results wherein earnings beat the Zacks Consensus Estimate while revenues missed the same. Click to get this free report Omnicom Group Inc. (OMC) : Free Stock Analysis Report Fiserv, Inc. (FISV) : Free Stock Analysis Report Equifax, Inc. (EFX) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Operating expenses increased 4.1% from the year-ago figure to $1.72 billion. |
29140.0 | 2023-06-06 00:00:00 UTC | Daily Dividend Report: RTX,THG,BTG,HOFT,ABM | ABM | https://www.nasdaq.com/articles/daily-dividend-report%3A-rtxthgbtghoftabm | nan | nan | Raytheon Technologies announced today that its Board of Directors declared a dividend of 59 cents per outstanding share of RTX common stock. The dividend will be payable on Sept. 7, 2023 to shareowners of record at the close of business on Aug. 18, 2023. Raytheon Technologies has paid cash dividends on its common stock every year since 1936.
The Hanover Insurance Group, announced today its board of directors has declared a quarterly dividend of $0.81 per share on the issued and outstanding common stock of the company, payable June 30, 2023, to shareholders of record at the close of business on June 16, 2023.
B2Gold is pleased to announce that its Board of Directors has declared a cash dividend for the second quarter of 2023 of $0.04 per common share or an expected $0.16 per share on an annualized basis, payable on June 27, 2023, to shareholders of record as of June 16, 2023.
Hooker Furnishings announced that on June 5, 2023, its board of directors declared a quarterly cash dividend of $0.22 per share, payable on June 30, 2023 to shareholders of record at June 16, 2023.
ABM's Board of Directors declared a cash dividend of $0.22 per common share payable on August 7, 2023 to shareholders of record on July 6, 2023. This will be the Company's 229th consecutive quarterly cash dividend.
VIDEO: Daily Dividend Report: RTX,THG,BTG,HOFT,ABM
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM's Board of Directors declared a cash dividend of $0.22 per common share payable on August 7, 2023 to shareholders of record on July 6, 2023. VIDEO: Daily Dividend Report: RTX,THG,BTG,HOFT,ABM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Raytheon Technologies announced today that its Board of Directors declared a dividend of 59 cents per outstanding share of RTX common stock. | ABM's Board of Directors declared a cash dividend of $0.22 per common share payable on August 7, 2023 to shareholders of record on July 6, 2023. VIDEO: Daily Dividend Report: RTX,THG,BTG,HOFT,ABM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Raytheon Technologies announced today that its Board of Directors declared a dividend of 59 cents per outstanding share of RTX common stock. | ABM's Board of Directors declared a cash dividend of $0.22 per common share payable on August 7, 2023 to shareholders of record on July 6, 2023. VIDEO: Daily Dividend Report: RTX,THG,BTG,HOFT,ABM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Hanover Insurance Group, announced today its board of directors has declared a quarterly dividend of $0.81 per share on the issued and outstanding common stock of the company, payable June 30, 2023, to shareholders of record at the close of business on June 16, 2023. | ABM's Board of Directors declared a cash dividend of $0.22 per common share payable on August 7, 2023 to shareholders of record on July 6, 2023. VIDEO: Daily Dividend Report: RTX,THG,BTG,HOFT,ABM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Raytheon Technologies announced today that its Board of Directors declared a dividend of 59 cents per outstanding share of RTX common stock. |
29141.0 | 2023-06-05 00:00:00 UTC | Pre-Market Earnings Report for June 6, 2023 : FERG, SJM, CIEN, CNM, THO, ASO, ABM, CBRL, MOMO, GIII, CHS, QMCO | ABM | https://www.nasdaq.com/articles/pre-market-earnings-report-for-june-6-2023-%3A-ferg-sjm-cien-cnm-tho-aso-abm-cbrl-momo-giii | nan | nan | The following companies are expected to report earnings prior to market open on 06/06/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Ferguson plc (FERG)is reporting for the quarter ending April 30, 2023. The machinery company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.18. This value represents a 12.80% decrease compared to the same quarter last year. FERG missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -2.06%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for FERG is 15.52 vs. an industry ratio of 21.30.
J.M. Smucker Company (SJM)is reporting for the quarter ending April 30, 2023. The food company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.42. This value represents a 8.52% increase compared to the same quarter last year. In the past year SJM has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 3.76%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for SJM is 17.16 vs. an industry ratio of 18.70.
Ciena Corporation (CIEN)is reporting for the quarter ending April 30, 2023. The fiber optics company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.44. This value represents a 22.22% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CIEN is 22.28 vs. an industry ratio of 4.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Core & Main, Inc. (CNM)is reporting for the quarter ending April 30, 2023. The waste removal company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.46. This value represents a 37.84% decrease compared to the same quarter last year. CNM missed the consensus earnings per share in the 1st calendar quarter of 2023 by -3.12%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for CNM is 14.60 vs. an industry ratio of 16.50.
Thor Industries, Inc. (THO)is reporting for the quarter ending April 30, 2023. The building company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.13. This value represents a 82.12% decrease compared to the same quarter last year. THO missed the consensus earnings per share in the 1st calendar quarter of 2023 by -54.55%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for THO is 14.80 vs. an industry ratio of 11.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Academy Sports and Outdoors, Inc. (ASO)is reporting for the quarter ending April 30, 2023. The leisure (recreational) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.56. This value represents a 9.83% decrease compared to the same quarter last year. In the past year ASO has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 8.74%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2024 Price to Earnings ratio for ASO is 7.06 vs. an industry ratio of 26.60.
ABM Industries Incorporated (ABM)is reporting for the quarter ending April 30, 2023. The building maintenance & services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.86. This value represents a 3.37% decrease compared to the same quarter last year. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 13.24 vs. an industry ratio of 26.70.
Cracker Barrel Old Country Store, Inc. (CBRL)is reporting for the quarter ending April 30, 2023. The restaurant company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.33. This value represents a 3.10% increase compared to the same quarter last year. CBRL missed the consensus earnings per share in the 4th calendar quarter of 2022 by -22.05%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CBRL is 17.58 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Hello Group Inc. (MOMO)is reporting for the quarter ending March 31, 2023. The internet software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.28. This value represents a 27.27% increase compared to the same quarter last year. In the past year MOMO has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 66.67%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MOMO is 6.99 vs. an industry ratio of -18.00, implying that they will have a higher earnings growth than their competitors in the same industry.
G-III Apparel Group, LTD. (GIII)is reporting for the quarter ending April 30, 2023. The textile company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.09. This value represents a 112.50% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for GIII is 6.45 vs. an industry ratio of 18.60.
Chico's FAS, Inc. (CHS)is reporting for the quarter ending April 30, 2023. The retail (shoe) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.28. This value represents a no change for the same quarter last year. In the past year CHS and beat the expectations the other three quarters. Zacks Investment Research reports that the 2024 Price to Earnings ratio for CHS is 6.16 vs. an industry ratio of 4.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Quantum Corporation (QMCO)is reporting for the quarter ending March 31, 2023. The computer storage company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.08. This value represents a 11.11% increase compared to the same quarter last year. In the past year QMCO has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 75%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for QMCO is -5.82 vs. an industry ratio of 32.60.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated (ABM)is reporting for the quarter ending April 30, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 13.24 vs. an industry ratio of 26.70. | ABM Industries Incorporated (ABM)is reporting for the quarter ending April 30, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 13.24 vs. an industry ratio of 26.70. | ABM Industries Incorporated (ABM)is reporting for the quarter ending April 30, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 13.24 vs. an industry ratio of 26.70. | ABM Industries Incorporated (ABM)is reporting for the quarter ending April 30, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 13.24 vs. an industry ratio of 26.70. |
29142.0 | 2023-06-05 00:00:00 UTC | Semtech (SMTC) to Release Q1 Earnings: What's in the Cards? | ABM | https://www.nasdaq.com/articles/semtech-smtc-to-release-q1-earnings%3A-whats-in-the-cards | nan | nan | Semtech Corporation SMTC is scheduled to report first-quarter fiscal 2024 results on Jun 7.
For the fiscal first quarter, SMTC expects net sales between $230 million and $240 million. The Zacks Consensus Estimate for sales is pegged at $234.4 million, indicating 15.9% growth from the last fiscal year’s quarterly figure.
SMTC anticipates non-GAAP loss per share of 4-11 cents. The consensus mark for the metric is pegged at a loss of 7 cents per share. The company reported earnings of 80 cents per share in the year-ago quarter. The bottom line estimate has been unchanged over the past 30 days.
Semtech’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed the same once, the average being 2.18%.
Semtech Corporation Price and EPS Surprise
Semtech Corporation price-eps-surprise | Semtech Corporation Quote
Key Factors to Note
Semtech’s fiscal first-quarter results are likely to reflect portfolio strength.
In the quarter under review, the company expanded its PerSe product line by introducing the PerSe Connect SX9376 chipset, specifically for 5G mobile devices.
Further, Semtech announced the production availability of two new solutions for trans-impedance amplifiers (TIAs), namely FiberEdge GN1300 and GN1400, which will provide optimized performance for the PIN receiver optical sub-assembly (ROSA) and APD ROSA applications.
SMTC also unveiled a transceiver, namely LoRa Connect LR1121, in a bid to bolster its LoRa portfolio. The new transceiver features low power consumption, the LoRaWAN standard and global connectivity.
Moreover, strengthening momentum across its LoRa technology is likely to have continued benefiting the company during the fiscal first quarter. Due to the cost-effective nature of the LoRa technology, SMTC has been signing several contracts for a while, which are expected to have expanded the adoption of LoRa devices.
During the underlined fiscal quarter, Semtech collaborated with The Things Industries to introduce Internet of Things (IoT) solutions that combine LoRaWAN and cellular technologies. More precisely, the solutions will be integrated with long-range coverage and ultra-low-power LoRa devices and high-speed cellular connections.
However, global supply-chain challenges, COVID-related uncertainties in China and inflation and recession fears are anticipated to have remained headwinds in the fiscal first quarter.
Softness in the consumer end markets is expected to have negatively impacted Semtech’s performance in the quarter to be reported.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Semtech this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here, as elaborated below.
Semtech has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
SMTC has a Zacks Rank #4 (Sell) at present.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
ABM Industries ABM has an Earnings ESP of +0.62% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
ABM is scheduled to release second-quarter fiscal 2023 results on Jun 6. The Zacks Consensus Estimate for ABM’s earnings is pegged at 86 cents per share.
Accolade ACCD has an Earnings ESP of +1.81% and currently carries a Zacks Rank #3.
Accolade is set to report first-quarter fiscal 2024 results on Jun 29. The Zacks Consensus Estimate for ACCD’s loss is pegged at 65 cents per share.
Jabil JBL has an Earnings ESP of +0.43% and a Zacks Rank #3 at present.
JBL is expected to report third-quarter fiscal 2023 results on Jun 15. The Zacks Consensus Estimate for JBL’s earnings is pegged at $1.88 per share.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM has an Earnings ESP of +0.62% and a Zacks Rank #3 at present. ABM is scheduled to release second-quarter fiscal 2023 results on Jun 6. The Zacks Consensus Estimate for ABM’s earnings is pegged at 86 cents per share. | Click to get this free report Semtech Corporation (SMTC) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Accolade, Inc. (ACCD) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has an Earnings ESP of +0.62% and a Zacks Rank #3 at present. ABM is scheduled to release second-quarter fiscal 2023 results on Jun 6. | The Zacks Consensus Estimate for ABM’s earnings is pegged at 86 cents per share. Click to get this free report Semtech Corporation (SMTC) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Accolade, Inc. (ACCD) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM has an Earnings ESP of +0.62% and a Zacks Rank #3 at present. | ABM Industries ABM has an Earnings ESP of +0.62% and a Zacks Rank #3 at present. ABM is scheduled to release second-quarter fiscal 2023 results on Jun 6. The Zacks Consensus Estimate for ABM’s earnings is pegged at 86 cents per share. |
29143.0 | 2023-06-05 00:00:00 UTC | Hello Group (MOMO) to Post Q1 Earnings: What's in Store? | ABM | https://www.nasdaq.com/articles/hello-group-momo-to-post-q1-earnings%3A-whats-in-store | nan | nan | Hello Group MOMO is slated to release its first-quarter 2023 results on Jun 6.
For the to-be-reported quarter, revenues are anticipated between RMB2.65 billion and RMB2.75 billion, indicating a decrease of 15.8-12.6% year over year.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $393.8 million, suggesting a decline of 20.7% from the year-ago reported figure.
The consensus mark for earnings has been unchanged at 32 cents per share over the past 30 days, suggesting year-over-year growth of 3.23%.
Hello Group’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 31.94%.
Hello Group Inc. Sponsored ADR Price and EPS Surprise
Hello Group Inc. Sponsored ADR price-eps-surprise | Hello Group Inc. Sponsored ADR Quote
The company’s first-quarter results are expected to benefit from cost reduction and efficiency improvement initiatives that it undertook in the second half of 2022.
Both Momo and Tantan apps are expected to have benefited from a steady user base. The introduction of new features that target high-paying users in the second half of last year is likely to have benefited live streaming revenues.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Hello Group has an Earnings ESP of 0.00% and a Zacks Rank #1. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Academy Sports and Outdoors ASO has an Earnings ESP of +1.76% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Academy Sports and Outdoors shares have gained 44.4% in the year-to-date period. ASO is set to report its first-quarter 2023 results on Jun 6.
ABM Industries ABM has an Earnings ESP of +0.62% and a Zacks Rank of 3, at present.
ABM Industries shares have declined 8.2% year to date. ABM is set to report its second-quarter fiscal 2023 results on Jun 6.
Ferguson plc FERG has an Earnings ESP of +7.64% and a Zacks Rank #2.
FERG shares have gained 22.9% year to date. Ferguson is set to report its fiscal third-quarter 2023 results on Jun 6.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM has an Earnings ESP of +0.62% and a Zacks Rank of 3, at present. ABM Industries shares have declined 8.2% year to date. ABM is set to report its second-quarter fiscal 2023 results on Jun 6. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Hello Group Inc. ABM Industries ABM has an Earnings ESP of +0.62% and a Zacks Rank of 3, at present. ABM Industries shares have declined 8.2% year to date. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Hello Group Inc. ABM Industries ABM has an Earnings ESP of +0.62% and a Zacks Rank of 3, at present. ABM Industries shares have declined 8.2% year to date. | ABM Industries ABM has an Earnings ESP of +0.62% and a Zacks Rank of 3, at present. ABM Industries shares have declined 8.2% year to date. ABM is set to report its second-quarter fiscal 2023 results on Jun 6. |
29144.0 | 2023-06-02 00:00:00 UTC | ABM Industries (ABM) to Report Q2 Earnings: What's in Store? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-to-report-q2-earnings%3A-whats-in-store | nan | nan | ABM Industries Incorporated ABM is scheduled to release its second-quarter fiscal 2023 results on Jun 6 before market open.
The company has an impressive earnings surprise history with earnings surpassing the Zacks Consensus Estimate in all the four trailing quarters. The average earnings surprise is 1%.
ABM Industries Incorporated Price and EPS Surprise
ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote
Expectations From ABM in Q2
The Zacks Consensus Estimate for the top line is currently pegged at $2 billion, up 5.9% from the year-ago actual figure. The expected uptick can be due to the successful execution of the Vision 2020 initiative and the benefits from strategic acquisitions.
Revenues from the Business and Industry segment are likely to have increased 4.3% on a year-over-year basis, the consensus estimate of which is currently pegged at $1.05 billion. Such an increase can be correlated to the likely stable office occupancy rates as a result of employers opting for remote and hybrid work.
The Zacks Consensus Estimate for the Aviation segment’s revenues in the to-be-reported quarter is pegged at $200 million, indicating a 7.5% increase year over year. Such an uptick can be due to the anticipated normalized overall market growth.
The consensus mark for the Manufacturing and Distribution segment’s revenues in the to-be-reported quarter is pegged at $375 million. The segment is likely to have benefited from expanded markets and the onboarding of new clients.
The Zacks Consensus Estimate for the Education segment’s revenues in the to-be-reported quarter is pegged at $210 million, indicating a 2.9% increase year over year owing to the expected strength in the business pipeline. Revenues from the Technical Solutions segment are likely to have increased 25.2% on a year-over-year basis, the consensus estimate of which is currently pegged at $184 million. The uptick can be due to the continued demand for Electronic Vehicle charging infrastructure.
The consensus estimate for the bottom line in the to-be-reported quarter stands at 86 cents per share which indicates a decline of 3.4% from the year-ago figure. The likely decline can be due to the decrease in higher-margin disinfection services as well as higher labor costs.
What Our Model Says
Our proven model predicts an earnings beat for ABM this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is precisely the case here. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
ABM has an Earnings ESP of +1.16% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings Snapshots
Omnicom OMC reported better-than-expected first-quarter 2023 results. OMC’s earnings of $1.56 per share beat the Zacks Consensus Estimate by 13%. Earnings per share increased 12.2% year over year. Total revenues of $3.4 billion surpassed the consensus estimate by 2.3%. The top line increased 1% year over year.
Equifax EFX also reported better-than-expected first-quarter 2023 results. EFX’s adjusted earnings of $1.43 per share beat the consensus mark by 4.4%. However, the bottom line declined 35.6% from the year-ago figure. Total revenues of $1.3 billion surpassed the consensus estimate by 1.5%. The top line decreased 4.5% year over year.
ManpowerGroup MAN reported lower-than-expected first-quarter 2023 results. MAN’s adjusted earnings of $1.61 per share lagged the Zacks Consensus Estimate by 0.6%. Revenues of $4.8 billion missed the consensus mark by 1.3% and our estimate by a slight margin. The top line decreased 7.6% year over year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated ABM is scheduled to release its second-quarter fiscal 2023 results on Jun 6 before market open. ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote Expectations From ABM in Q2 The Zacks Consensus Estimate for the top line is currently pegged at $2 billion, up 5.9% from the year-ago actual figure. What Our Model Says Our proven model predicts an earnings beat for ABM this time around. | ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote Expectations From ABM in Q2 The Zacks Consensus Estimate for the top line is currently pegged at $2 billion, up 5.9% from the year-ago actual figure. Click to get this free report ManpowerGroup Inc. (MAN) : Free Stock Analysis Report Omnicom Group Inc. (OMC) : Free Stock Analysis Report Equifax, Inc. (EFX) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is scheduled to release its second-quarter fiscal 2023 results on Jun 6 before market open. | ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote Expectations From ABM in Q2 The Zacks Consensus Estimate for the top line is currently pegged at $2 billion, up 5.9% from the year-ago actual figure. Click to get this free report ManpowerGroup Inc. (MAN) : Free Stock Analysis Report Omnicom Group Inc. (OMC) : Free Stock Analysis Report Equifax, Inc. (EFX) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is scheduled to release its second-quarter fiscal 2023 results on Jun 6 before market open. | ABM has an Earnings ESP of +1.16% and a Zacks Rank of 3. ABM Industries Incorporated ABM is scheduled to release its second-quarter fiscal 2023 results on Jun 6 before market open. ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote Expectations From ABM in Q2 The Zacks Consensus Estimate for the top line is currently pegged at $2 billion, up 5.9% from the year-ago actual figure. |
29145.0 | 2023-06-01 00:00:00 UTC | UBS Initiates Coverage of ABM Industries (ABM) with Neutral Recommendation | ABM | https://www.nasdaq.com/articles/ubs-initiates-coverage-of-abm-industries-abm-with-neutral-recommendation | nan | nan | Fintel reports that on June 1, 2023, UBS initiated coverage of ABM Industries (NYSE:ABM) with a Neutral recommendation.
Analyst Price Forecast Suggests 29.35% Upside
As of May 11, 2023, the average one-year price target for ABM Industries is 57.12. The forecasts range from a low of 51.51 to a high of $67.20. The average price target represents an increase of 29.35% from its latest reported closing price of 44.16.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ABM Industries is 8,212MM, an increase of 4.46%. The projected annual non-GAAP EPS is 3.74.
ABM Industries Declares $0.22 Dividend
On March 8, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Shareholders of record as of April 6, 2023 received the payment on May 1, 2023. Previously, the company paid $0.22 per share.
At the current share price of $44.16 / share, the stock's dividend yield is 1.99%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.93%, the lowest has been 1.42%, and the highest has been 3.62%. The standard deviation of yields is 0.29 (n=236).
The current dividend yield is 0.20 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.30. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.19%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 568 funds or institutions reporting positions in ABM Industries. This is a decrease of 7 owner(s) or 1.22% in the last quarter. Average portfolio weight of all funds dedicated to ABM is 0.23%, a decrease of 1.28%. Total shares owned by institutions increased in the last three months by 2.92% to 75,712K shares.
The put/call ratio of ABM is 0.32, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 4,814K shares representing 7.28% ownership of the company. In it's prior filing, the firm reported owning 4,902K shares, representing a decrease of 1.83%. The firm decreased its portfolio allocation in ABM by 3.46% over the last quarter.
SDY - SPDR(R) S&P(R) Dividend ETF holds 3,630K shares representing 5.49% ownership of the company. In it's prior filing, the firm reported owning 3,483K shares, representing an increase of 4.04%. The firm increased its portfolio allocation in ABM by 8.69% over the last quarter.
Victory Capital Management holds 2,108K shares representing 3.19% ownership of the company. In it's prior filing, the firm reported owning 1,932K shares, representing an increase of 8.37%. The firm decreased its portfolio allocation in ABM by 32.89% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,033K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 2,025K shares, representing an increase of 0.37%. The firm decreased its portfolio allocation in ABM by 6.23% over the last quarter.
Boston Partners holds 1,842K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 1,821K shares, representing an increase of 1.12%. The firm increased its portfolio allocation in ABM by 1.71% over the last quarter.
ABM Industries Background Information
(This description is provided by the company.)
ABM Industries Inc. is a facility management provider in the United States. ABM was founded in 1909 by Morris Rosenberg in San Francisco, California, as a single-person window washing business. As of 2013, the company has over 130,000 employees, over 350 offices, and various international locations.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM was founded in 1909 by Morris Rosenberg in San Francisco, California, as a single-person window washing business. Fintel reports that on June 1, 2023, UBS initiated coverage of ABM Industries (NYSE:ABM) with a Neutral recommendation. Analyst Price Forecast Suggests 29.35% Upside As of May 11, 2023, the average one-year price target for ABM Industries is 57.12. | Fintel reports that on June 1, 2023, UBS initiated coverage of ABM Industries (NYSE:ABM) with a Neutral recommendation. Analyst Price Forecast Suggests 29.35% Upside As of May 11, 2023, the average one-year price target for ABM Industries is 57.12. The projected annual revenue for ABM Industries is 8,212MM, an increase of 4.46%. | ABM Industries Declares $0.22 Dividend On March 8, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Fintel reports that on June 1, 2023, UBS initiated coverage of ABM Industries (NYSE:ABM) with a Neutral recommendation. Analyst Price Forecast Suggests 29.35% Upside As of May 11, 2023, the average one-year price target for ABM Industries is 57.12. | The projected annual revenue for ABM Industries is 8,212MM, an increase of 4.46%. There are 568 funds or institutions reporting positions in ABM Industries. Fintel reports that on June 1, 2023, UBS initiated coverage of ABM Industries (NYSE:ABM) with a Neutral recommendation. |
29146.0 | 2023-05-31 00:00:00 UTC | ABM Extends Partnership With Orlando International Airport | ABM | https://www.nasdaq.com/articles/abm-extends-partnership-with-orlando-international-airport | nan | nan | ABM Industries Incorporated ABM shares have had an impressive run over the past month. The stock appreciated 5.2% against the industry’s decline of 3.3% and the Zacks S&P 500 composite’s growth of 1.5%.
The company announced yesterday that it has extended its 20-year partnership with Orlando International Airport for five more years. As part of the extended partnership, ABM will provide parking and valet services at all three terminals that include the recently opened Terminal C, an innovative terminal focused on high-tech passenger conveniences.
ABM Industries Incorporated Price
ABM Industries Incorporated price | ABM Industries Incorporated Quote
Well-Timed Move
The move makes sense as travelers’ demand for improved experiences is on the rise with increasing passenger volume and number of people parking at airports. It comes on the heels of ABM launching its innovative Smart Parking solution, ABMVantage.
Larry DeLuca, vice president of Aviation Landside Services Central, ABM said, “This partnership extension serves as a true testament of our shared commitment with MCO to deliver outstanding customer service and innovative solutions to help ensure airport guests are happy and safe from arrival to departure.”
Notably, ABM is one of the largest providers of facility services to the aviation industry in the United States, serving more than 2,000 client locations across the nation.
Zacks Rank & Stocks to Consider
The company currently carries a Zacks Rank #4 (Sell).
Investors interested in the Zacks Business Services sector can consider the following stocks.
Green Dot GDOT: GDOT currently sports a Zacks Rank #1 (Strong Buy) and has a VGM score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company has an impressive earning surprise history, beating the consensus mark in all the four trailing quarters. The company has an average surprise of 37.3%.
Maximus MMS: MMS has a VGM score of A and carries a Zacks Rank of 2 (Buy).
The company has an impressive earning surprise history, beating the Zacks Consensus mark in three instances and missing once, the average surprise being 9.6%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Larry DeLuca, vice president of Aviation Landside Services Central, ABM said, “This partnership extension serves as a true testament of our shared commitment with MCO to deliver outstanding customer service and innovative solutions to help ensure airport guests are happy and safe from arrival to departure.” Notably, ABM is one of the largest providers of facility services to the aviation industry in the United States, serving more than 2,000 client locations across the nation. ABM Industries Incorporated ABM shares have had an impressive run over the past month. As part of the extended partnership, ABM will provide parking and valet services at all three terminals that include the recently opened Terminal C, an innovative terminal focused on high-tech passenger conveniences. | ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Well-Timed Move The move makes sense as travelers’ demand for improved experiences is on the rise with increasing passenger volume and number of people parking at airports. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Green Dot Corporation (GDOT) : Free Stock Analysis Report Maximus, Inc. (MMS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM shares have had an impressive run over the past month. | ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Well-Timed Move The move makes sense as travelers’ demand for improved experiences is on the rise with increasing passenger volume and number of people parking at airports. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Green Dot Corporation (GDOT) : Free Stock Analysis Report Maximus, Inc. (MMS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM shares have had an impressive run over the past month. | ABM Industries Incorporated ABM shares have had an impressive run over the past month. As part of the extended partnership, ABM will provide parking and valet services at all three terminals that include the recently opened Terminal C, an innovative terminal focused on high-tech passenger conveniences. ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Well-Timed Move The move makes sense as travelers’ demand for improved experiences is on the rise with increasing passenger volume and number of people parking at airports. |
29147.0 | 2023-05-30 00:00:00 UTC | Analysts Estimate ABM Industries (ABM) to Report a Decline in Earnings: What to Look Out for | ABM | https://www.nasdaq.com/articles/analysts-estimate-abm-industries-abm-to-report-a-decline-in-earnings%3A-what-to-look-out-2 | nan | nan | Wall Street expects a year-over-year decline in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended April 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on June 6, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is expected to post quarterly earnings of $0.86 per share in its upcoming report, which represents a year-over-year change of -3.4%.
Revenues are expected to be $2.01 billion, up 5.9% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.79% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for ABM Industries?
For ABM Industries, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.16%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that ABM Industries will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that ABM Industries would post earnings of $0.77 per share when it actually produced earnings of $0.79, delivering a surprise of +2.60%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
ABM Industries doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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ABM Industries Incorporated (ABM) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Wall Street expects a year-over-year decline in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended April 2023. How Have the Numbers Shaped Up for ABM Industries? For ABM Industries, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. | Wall Street expects a year-over-year decline in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended April 2023. How Have the Numbers Shaped Up for ABM Industries? For ABM Industries, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. | For ABM Industries, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. Wall Street expects a year-over-year decline in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended April 2023. How Have the Numbers Shaped Up for ABM Industries? | For ABM Industries, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. So, this combination makes it difficult to conclusively predict that ABM Industries will beat the consensus EPS estimate. Wall Street expects a year-over-year decline in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended April 2023. |
29148.0 | 2023-05-19 00:00:00 UTC | Here's Why You Should Retain ABM Industries (ABM) Stock | ABM | https://www.nasdaq.com/articles/heres-why-you-should-retain-abm-industries-abm-stock-0 | nan | nan | ABM Industries Incorporated ABM is reaping the benefits of strategic acquisitions and organic investments. The investments are fetching results for the company in the form of improvement in its service-providing capability.
ABM has an impressive earning surprise history, beating the Zacks Consensus Estimate of earnings in three of the four trailing quarters and matching on one instance, the average surprise being 3%.
ABM Industries Incorporated Price and EPS Surprise
ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote
Factors in Favor
ABM Industries’ efforts to gratify its investors are praiseworthy. The company, which has been a regular dividend payer, paid $51.9 million, $51 million and $49.3 million as dividends in fiscal 2022, 2021 and 2020, respectively. ABM also returned $9.8 million and $5.1 million as share repurchases in 2022 and 2020 respectively. There were no share repurchases during 2021.
The company intends to grow through its strategic acquisitions and organic investments. The Vision 2020 and ELEVATE strategies are aimed at growth through strategic acquisitions that help enhance the company’s core competencies in newer geographical markets. The company has reaped the benefits of these strategic investments which strengthen its ability to offer janitorial, engineering, parking, eMobility and other such services.
ABM Industries' current ratio at the end of January-quarter was pegged at 1.30, higher than the current ratio of 1.17 reported at the end of the prior-year quarter. It indicates the company will not be having any problems meeting its short-term obligations.
Some Risks
ABM Industries is plagued by high operating expenses which are increasing year over year. During fiscal 2022, operating expenses of $6.76 billion increased 28.5% year over year. The same rose 2% year over year in fiscal 2021.
ABM has plunged 3.6% in the last six months, compared with its industry’s 1.9% decline.
Zacks Rank and Stocks to Consider
ABM currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are Green Dot GDOT, DocuSign DOCU and Maximus MMS.
For second-quarter 2023, the Zacks Consensus Estimate of Green Dot’s revenues suggests a decline of 4.2% year over year to $340.1 million and the same for earnings indicates a 52.7% dip to 35 cents per share. The company has an impressive earning surprise history, beating the Zacks Consensus mark in all four trailing quarters. The company has an average surprise of 37.3%.
GDOT has a Value score of A and currently sports a Zacks Rank of 1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
For the first quarter of fiscal 2023, the Zacks Consensus Estimate of DocuSign’s revenues suggests an increase of 8.9% year over year to $641.2 million and the same for earnings suggests an increase of 39.5% to 53 cents per share. The company has an impressive earning surprise history, beating the Zacks Consensus mark in three instances and missing on one instance, the average surprise being 12.3%.
DOCU has a growth score of A and a Zacks Rank of 2 at present.
For second-quarter 2023, the Zacks Consensus Estimate of Maximus’ revenues suggests an increase of 6.1% year over year to $1.2 billion and the same for earnings indicates a 33.3% rise to $1.04 per share. The company has an impressive earning surprise history, beating the Zacks Consensus mark in three instances and missing on one instance, the average surprise being 9.6%.
MMS has a VGM score of A and a Zacks Rank of 2.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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ABM Industries Incorporated (ABM) : Free Stock Analysis Report
Green Dot Corporation (GDOT) : Free Stock Analysis Report
Maximus, Inc. (MMS) : Free Stock Analysis Report
DocuSign (DOCU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated ABM is reaping the benefits of strategic acquisitions and organic investments. ABM has an impressive earning surprise history, beating the Zacks Consensus Estimate of earnings in three of the four trailing quarters and matching on one instance, the average surprise being 3%. ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote Factors in Favor ABM Industries’ efforts to gratify its investors are praiseworthy. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Green Dot Corporation (GDOT) : Free Stock Analysis Report Maximus, Inc. (MMS) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is reaping the benefits of strategic acquisitions and organic investments. ABM has an impressive earning surprise history, beating the Zacks Consensus Estimate of earnings in three of the four trailing quarters and matching on one instance, the average surprise being 3%. | ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote Factors in Favor ABM Industries’ efforts to gratify its investors are praiseworthy. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Green Dot Corporation (GDOT) : Free Stock Analysis Report Maximus, Inc. (MMS) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is reaping the benefits of strategic acquisitions and organic investments. | ABM Industries Incorporated ABM is reaping the benefits of strategic acquisitions and organic investments. ABM has an impressive earning surprise history, beating the Zacks Consensus Estimate of earnings in three of the four trailing quarters and matching on one instance, the average surprise being 3%. ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote Factors in Favor ABM Industries’ efforts to gratify its investors are praiseworthy. |
29149.0 | 2023-05-17 00:00:00 UTC | IBEX Limited (IBEX) Q3 Earnings Surpass Estimates | ABM | https://www.nasdaq.com/articles/ibex-limited-ibex-q3-earnings-surpass-estimates | nan | nan | IBEX Limited (IBEX) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 59.46%. A quarter ago, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.62, delivering a surprise of 58.97%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
IBEX Limited, which belongs to the Zacks Business - Services industry, posted revenues of $131.6 million for the quarter ended March 2023, missing the Zacks Consensus Estimate by 7.69%. This compares to year-ago revenues of $129.11 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
IBEX Limited shares have lost about 24.4% since the beginning of the year versus the S&P 500's gain of 7%.
What's Next for IBEX Limited?
While IBEX Limited has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for IBEX Limited: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.38 on $140.96 million in revenues for the coming quarter and $1.71 on $550.79 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Business - Services is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Business Services sector, ABM Industries (ABM), has yet to report results for the quarter ended April 2023.
This provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is expected to post quarterly earnings of $0.86 per share in its upcoming report, which represents a year-over-year change of -3.4%. The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level.
ABM Industries' revenues are expected to be $2.01 billion, up 6.1% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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IBEX Limited (IBEX) : Free Stock Analysis Report
ABM Industries Incorporated (ABM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the broader Zacks Business Services sector, ABM Industries (ABM), has yet to report results for the quarter ended April 2023. ABM Industries' revenues are expected to be $2.01 billion, up 6.1% from the year-ago quarter. Click to get this free report IBEX Limited (IBEX) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report IBEX Limited (IBEX) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the broader Zacks Business Services sector, ABM Industries (ABM), has yet to report results for the quarter ended April 2023. ABM Industries' revenues are expected to be $2.01 billion, up 6.1% from the year-ago quarter. | Click to get this free report IBEX Limited (IBEX) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the broader Zacks Business Services sector, ABM Industries (ABM), has yet to report results for the quarter ended April 2023. ABM Industries' revenues are expected to be $2.01 billion, up 6.1% from the year-ago quarter. | Another stock from the broader Zacks Business Services sector, ABM Industries (ABM), has yet to report results for the quarter ended April 2023. ABM Industries' revenues are expected to be $2.01 billion, up 6.1% from the year-ago quarter. Click to get this free report IBEX Limited (IBEX) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29150.0 | 2023-05-17 00:00:00 UTC | ABM Makes Bullish Cross Above Critical Moving Average | ABM | https://www.nasdaq.com/articles/abm-makes-bullish-cross-above-critical-moving-average | nan | nan | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.52, changing hands as high as $44.70 per share. ABM Industries, Inc. shares are currently trading up about 2.4% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average:
Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $50.47 as the 52 week high point — that compares with a last trade of $44.62.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
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Funds Holding CZMR
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.52, changing hands as high as $44.70 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $50.47 as the 52 week high point — that compares with a last trade of $44.62. ABM Industries, Inc. shares are currently trading up about 2.4% on the day. | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.52, changing hands as high as $44.70 per share. ABM Industries, Inc. shares are currently trading up about 2.4% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $50.47 as the 52 week high point — that compares with a last trade of $44.62. | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.52, changing hands as high as $44.70 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $50.47 as the 52 week high point — that compares with a last trade of $44.62. ABM Industries, Inc. shares are currently trading up about 2.4% on the day. | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.52, changing hands as high as $44.70 per share. ABM Industries, Inc. shares are currently trading up about 2.4% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $50.47 as the 52 week high point — that compares with a last trade of $44.62. |
29151.0 | 2023-05-16 00:00:00 UTC | Validea's Top 5 Industrial Stocks Based On Peter Lynch - 5/16/2023 | ABM | https://www.nasdaq.com/articles/valideas-top-5-industrial-stocks-based-on-peter-lynch-5-16-2023 | nan | nan | The following are the top rated Industrial stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DANAOS CORPORATION (DAC) is a small-cap value stock in the Water Transportation industry. The rating according to our strategy based on Peter Lynch is 96% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company's principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company. The Company's manager is Danaos Shipping Company Limited (Danaos Shipping). The Company has a fleet of over 50 containerships aggregating approximately 329,590 twenty-foot equivalent units (TEUs). Its containership fleet includes approximately 53 containerships deployed on time charters and approximately two containerships deployed on bareboat charter. Gemini Shipholdings Corporation (Gemini), a company beneficially owned by the Company, owns approximately four additional containerships of over 24,000 TEU aggregate capacity.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of DANAOS CORPORATION
DAC Guru Analysis
DAC Fundamental Analysis
QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap value stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company's components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. Its fenestration components include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products. It operates through three segments: North American Fenestration segment, which is engaged in manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Fenestration segment, which includes United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components segment, which includes North American cabinet door and components business and two wood-manufacturing plants.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of QUANEX BUILDING PRODUCTS CORP
NX Guru Analysis
NX Fundamental Analysis
ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Its segments include Business & Industry (B&I), Manufacturing & Distribution (M&D), Education, Aviation, and Technical Solutions. B&I segment includes janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and non-acute healthcare facilities. M&D segment provides facility services, engineering, janitorial, and other specialized services in manufacturing and distribution. Education segment delivers custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. Aviation segment supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance and transportation. Technical Solutions segment includes mechanical and electrical services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ABM INDUSTRIES INC
ABM Guru Analysis
ABM Fundamental Analysis
MARTEN TRANSPORT LTD (MRTN) is a small-cap growth stock in the Trucking industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Marten Transport, Ltd. is a temperature-sensitive truckload carrier company focused on transporting and distributing food and other consumer-packaged goods. The Company's segments include Truckload, Dedicated, Intermodal and Brokerage. Its Truckload segment provides regional short-haul and medium-to-long-haul full-load transportation services. Its Dedicated segment provides customized transportation solutions tailored to meet each individual customers requirements, utilizing temperature-controlled trailers, dry vans and other specialized equipment within the United States. The Company's Intermodal segment transports its customers freight within the United States utilizing refrigerated containers and temperature-controlled trailers. Its Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for its customers in temperature-controlled trailers and dry vans within the United States and into and out of Mexico.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MARTEN TRANSPORT LTD
MRTN Guru Analysis
MRTN Fundamental Analysis
JOHNSON CONTROLS INTERNATIONAL PLC (JCI) is a large-cap growth stock in the Misc. Capital Goods industry. The rating according to our strategy based on Peter Lynch is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Johnson Controls International plc offers a portfolio of building technology, software and services. It operates through four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products. Its Building Solutions North America, Building Solutions EMEA/LA, and Building Solutions Asia Pacific segments design, sell, install, and services heating, ventilation and air conditioning (HVAC), controls, building management, refrigeration, integrated electronic security, integrated fire detection and suppression systems, and provides technical services. Its Global Products segment designs, manufactures and sells HVAC equipment, controls software and software services for residential and commercial applications to commercial, industrial, retail, residential, small business, institutional and governmental customers worldwide. In addition, the Global Products segment designs, manufactures and sells refrigeration equipment and controls.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of JOHNSON CONTROLS INTERNATIONAL PLC
JCI Guru Analysis
JCI Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of QUANEX BUILDING PRODUCTS CORP NX Guru Analysis NX Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis MARTEN TRANSPORT LTD (MRTN) is a small-cap growth stock in the Trucking industry. | Detailed Analysis of QUANEX BUILDING PRODUCTS CORP NX Guru Analysis NX Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis MARTEN TRANSPORT LTD (MRTN) is a small-cap growth stock in the Trucking industry. | Detailed Analysis of QUANEX BUILDING PRODUCTS CORP NX Guru Analysis NX Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis MARTEN TRANSPORT LTD (MRTN) is a small-cap growth stock in the Trucking industry. | Detailed Analysis of QUANEX BUILDING PRODUCTS CORP NX Guru Analysis NX Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis MARTEN TRANSPORT LTD (MRTN) is a small-cap growth stock in the Trucking industry. |
29152.0 | 2023-05-04 00:00:00 UTC | Analysts Expect VYM To Hit $121 | ABM | https://www.nasdaq.com/articles/analysts-expect-vym-to-hit-%24121 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard High Dividend Yield ETF (Symbol: VYM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $120.70 per unit.
With VYM trading at a recent price near $103.95 per unit, that means that analysts see 16.11% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VYM's underlying holdings with notable upside to their analyst target prices are First Horizon Corp (Symbol: FHN), Bank Of NT Butterfield & Son Ltd (Symbol: NTB), and ABM Industries, Inc. (Symbol: ABM). Although FHN has traded at a recent price of $15.05/share, the average analyst target is 46.18% higher at $22.00/share. Similarly, NTB has 45.74% upside from the recent share price of $24.53 if the average analyst target price of $35.75/share is reached, and analysts on average are expecting ABM to reach a target price of $56.25/share, which is 33.77% above the recent price of $42.05. Below is a twelve month price history chart comparing the stock performance of FHN, NTB, and ABM:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Vanguard High Dividend Yield ETF VYM $103.95 $120.70 16.11%
First Horizon Corp FHN $15.05 $22.00 46.18%
Bank Of NT Butterfield & Son Ltd NTB $24.53 $35.75 45.74%
ABM Industries, Inc. ABM $42.05 $56.25 33.77%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Vanguard High Dividend Yield ETF VYM $103.95 $120.70 16.11% First Horizon Corp FHN $15.05 $22.00 46.18% Bank Of NT Butterfield & Son Ltd NTB $24.53 $35.75 45.74% ABM Industries, Inc. ABM $42.05 $56.25 33.77% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VYM's underlying holdings with notable upside to their analyst target prices are First Horizon Corp (Symbol: FHN), Bank Of NT Butterfield & Son Ltd (Symbol: NTB), and ABM Industries, Inc. (Symbol: ABM). Similarly, NTB has 45.74% upside from the recent share price of $24.53 if the average analyst target price of $35.75/share is reached, and analysts on average are expecting ABM to reach a target price of $56.25/share, which is 33.77% above the recent price of $42.05. | Three of VYM's underlying holdings with notable upside to their analyst target prices are First Horizon Corp (Symbol: FHN), Bank Of NT Butterfield & Son Ltd (Symbol: NTB), and ABM Industries, Inc. (Symbol: ABM). Similarly, NTB has 45.74% upside from the recent share price of $24.53 if the average analyst target price of $35.75/share is reached, and analysts on average are expecting ABM to reach a target price of $56.25/share, which is 33.77% above the recent price of $42.05. Vanguard High Dividend Yield ETF VYM $103.95 $120.70 16.11% First Horizon Corp FHN $15.05 $22.00 46.18% Bank Of NT Butterfield & Son Ltd NTB $24.53 $35.75 45.74% ABM Industries, Inc. ABM $42.05 $56.25 33.77% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, NTB has 45.74% upside from the recent share price of $24.53 if the average analyst target price of $35.75/share is reached, and analysts on average are expecting ABM to reach a target price of $56.25/share, which is 33.77% above the recent price of $42.05. Three of VYM's underlying holdings with notable upside to their analyst target prices are First Horizon Corp (Symbol: FHN), Bank Of NT Butterfield & Son Ltd (Symbol: NTB), and ABM Industries, Inc. (Symbol: ABM). Below is a twelve month price history chart comparing the stock performance of FHN, NTB, and ABM: Below is a summary table of the current analyst target prices discussed above: | Vanguard High Dividend Yield ETF VYM $103.95 $120.70 16.11% First Horizon Corp FHN $15.05 $22.00 46.18% Bank Of NT Butterfield & Son Ltd NTB $24.53 $35.75 45.74% ABM Industries, Inc. ABM $42.05 $56.25 33.77% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VYM's underlying holdings with notable upside to their analyst target prices are First Horizon Corp (Symbol: FHN), Bank Of NT Butterfield & Son Ltd (Symbol: NTB), and ABM Industries, Inc. (Symbol: ABM). Similarly, NTB has 45.74% upside from the recent share price of $24.53 if the average analyst target price of $35.75/share is reached, and analysts on average are expecting ABM to reach a target price of $56.25/share, which is 33.77% above the recent price of $42.05. |
29153.0 | 2023-05-02 00:00:00 UTC | Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now? | ABM | https://www.nasdaq.com/articles/is-proshares-russell-2000-dividend-growers-etf-smdv-a-strong-etf-right-now-6 | nan | nan | Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
The fund is managed by Proshares. SMDV has been able to amass assets over $807.77 million, making it one of the average sized ETFs in the Style Box - Small Cap Value. This particular fund, before fees and expenses, seeks to match the performance of the Russell 2000 Dividend Growth Index.
The Russell 2000 Dividend Growth Index targets companies that are currently members of the Russell 2000 Index and have increased dividend payments each year for at least 10 years.
Cost & Other Expenses
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
Operating expenses on an annual basis are 0.40% for this ETF, which makes it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 2.64%.
Performance and Risk
The ETF has lost about -3.70% so far this year and is down about -0.82% in the last one year (as of 05/02/2023). In the past 52-week period, it has traded between $55.50 and $66.96.
The ETF has a beta of 0.78 and standard deviation of 22.01% for the trailing three-year period, making it a medium risk choice in the space. With about 97 holdings, it effectively diversifies company-specific risk.
Alternatives
ProShares Russell 2000 Dividend Growers ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well.
IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. IShares Core Dividend Growth ETF has $23.53 billion in assets, Vanguard Dividend Appreciation ETF has $66.86 billion. DGRO has an expense ratio of 0.08% and VIG charges 0.06%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015. On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. IShares Core Dividend Growth ETF has $23.53 billion in assets, Vanguard Dividend Appreciation ETF has $66.86 billion. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. Bottom Line To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015. This particular fund, before fees and expenses, seeks to match the performance of the Russell 2000 Dividend Growth Index. |
29154.0 | 2023-04-26 00:00:00 UTC | ABM Industries Enters Oversold Territory | ABM | https://www.nasdaq.com/articles/abm-industries-enters-oversold-territory | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making ABM Industries, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of ABM entered into oversold territory, changing hands as low as $40.82 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of ABM Industries, Inc., the RSI reading has hit 29.1 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 43.2. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, ABM's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 2.12% based upon the recent $41.51 share price.
A bullish investor could look at ABM's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABM is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at ABM's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making ABM Industries, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of ABM entered into oversold territory, changing hands as low as $40.82 per share. | In the case of ABM Industries, Inc., the RSI reading has hit 29.1 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 43.2. Indeed, ABM's recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 2.12% based upon the recent $41.51 share price. ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. | In the case of ABM Industries, Inc., the RSI reading has hit 29.1 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 43.2. ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making ABM Industries, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of ABM entered into oversold territory, changing hands as low as $40.82 per share. | ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABM is its dividend history. But making ABM Industries, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of ABM entered into oversold territory, changing hands as low as $40.82 per share. |
29155.0 | 2023-04-20 00:00:00 UTC | 5 Dividend Aristocrats Where Analysts See Capital Gains | ABM | https://www.nasdaq.com/articles/5-dividend-aristocrats-where-analysts-see-capital-gains-80 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
ABM Industries, Inc. (Symbol: ABM) $42.82 $56.25 31.36%
Essential Utilities Inc (Symbol: WTRG) $43.37 $55.12 27.10%
UGI Corp. (Symbol: UGI) $34.92 $43.00 23.14%
Cullen/Frost Bankers, Inc. (Symbol: CFR) $109.09 $132.77 21.71%
National Fuel Gas Co. (Symbol: NFG) $55.74 $67.25 20.65%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
ABM Industries, Inc. (Symbol: ABM) 2.06% 31.36% 33.42%
Essential Utilities Inc (Symbol: WTRG) 2.65% 27.10% 29.75%
UGI Corp. (Symbol: UGI) 4.12% 23.14% 27.26%
Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.19% 21.71% 24.9%
National Fuel Gas Co. (Symbol: NFG) 3.41% 20.65% 24.06%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
ABM Industries, Inc. (Symbol: ABM) $0.77 $0.83 7.79%
Essential Utilities Inc (Symbol: WTRG) $1.055 $1.129 7.01%
UGI Corp. (Symbol: UGI) $1.38 $1.44 4.35%
Cullen/Frost Bankers, Inc. (Symbol: CFR) $2.97 $3.36 13.13%
National Fuel Gas Co. (Symbol: NFG) $1.82 $1.9 4.40%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries, Inc. (Symbol: ABM) $42.82 $56.25 31.36% Essential Utilities Inc (Symbol: WTRG) $43.37 $55.12 27.10% UGI Corp. (Symbol: UGI) $34.92 $43.00 23.14% Cullen/Frost Bankers, Inc. (Symbol: CFR) $109.09 $132.77 21.71% National Fuel Gas Co. (Symbol: NFG) $55.74 $67.25 20.65% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 2.06% 31.36% 33.42% Essential Utilities Inc (Symbol: WTRG) 2.65% 27.10% 29.75% UGI Corp. (Symbol: UGI) 4.12% 23.14% 27.26% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.19% 21.71% 24.9% National Fuel Gas Co. (Symbol: NFG) 3.41% 20.65% 24.06% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.77 $0.83 7.79% Essential Utilities Inc (Symbol: WTRG) $1.055 $1.129 7.01% UGI Corp. (Symbol: UGI) $1.38 $1.44 4.35% Cullen/Frost Bankers, Inc. (Symbol: CFR) $2.97 $3.36 13.13% National Fuel Gas Co. (Symbol: NFG) $1.82 $1.9 4.40% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $42.82 $56.25 31.36% Essential Utilities Inc (Symbol: WTRG) $43.37 $55.12 27.10% UGI Corp. (Symbol: UGI) $34.92 $43.00 23.14% Cullen/Frost Bankers, Inc. (Symbol: CFR) $109.09 $132.77 21.71% National Fuel Gas Co. (Symbol: NFG) $55.74 $67.25 20.65% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 2.06% 31.36% 33.42% Essential Utilities Inc (Symbol: WTRG) 2.65% 27.10% 29.75% UGI Corp. (Symbol: UGI) 4.12% 23.14% 27.26% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.19% 21.71% 24.9% National Fuel Gas Co. (Symbol: NFG) 3.41% 20.65% 24.06% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.77 $0.83 7.79% Essential Utilities Inc (Symbol: WTRG) $1.055 $1.129 7.01% UGI Corp. (Symbol: UGI) $1.38 $1.44 4.35% Cullen/Frost Bankers, Inc. (Symbol: CFR) $2.97 $3.36 13.13% National Fuel Gas Co. (Symbol: NFG) $1.82 $1.9 4.40% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $42.82 $56.25 31.36% Essential Utilities Inc (Symbol: WTRG) $43.37 $55.12 27.10% UGI Corp. (Symbol: UGI) $34.92 $43.00 23.14% Cullen/Frost Bankers, Inc. (Symbol: CFR) $109.09 $132.77 21.71% National Fuel Gas Co. (Symbol: NFG) $55.74 $67.25 20.65% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 2.06% 31.36% 33.42% Essential Utilities Inc (Symbol: WTRG) 2.65% 27.10% 29.75% UGI Corp. (Symbol: UGI) 4.12% 23.14% 27.26% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.19% 21.71% 24.9% National Fuel Gas Co. (Symbol: NFG) 3.41% 20.65% 24.06% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.77 $0.83 7.79% Essential Utilities Inc (Symbol: WTRG) $1.055 $1.129 7.01% UGI Corp. (Symbol: UGI) $1.38 $1.44 4.35% Cullen/Frost Bankers, Inc. (Symbol: CFR) $2.97 $3.36 13.13% National Fuel Gas Co. (Symbol: NFG) $1.82 $1.9 4.40% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $42.82 $56.25 31.36% Essential Utilities Inc (Symbol: WTRG) $43.37 $55.12 27.10% UGI Corp. (Symbol: UGI) $34.92 $43.00 23.14% Cullen/Frost Bankers, Inc. (Symbol: CFR) $109.09 $132.77 21.71% National Fuel Gas Co. (Symbol: NFG) $55.74 $67.25 20.65% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 2.06% 31.36% 33.42% Essential Utilities Inc (Symbol: WTRG) 2.65% 27.10% 29.75% UGI Corp. (Symbol: UGI) 4.12% 23.14% 27.26% Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.19% 21.71% 24.9% National Fuel Gas Co. (Symbol: NFG) 3.41% 20.65% 24.06% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.77 $0.83 7.79% Essential Utilities Inc (Symbol: WTRG) $1.055 $1.129 7.01% UGI Corp. (Symbol: UGI) $1.38 $1.44 4.35% Cullen/Frost Bankers, Inc. (Symbol: CFR) $2.97 $3.36 13.13% National Fuel Gas Co. (Symbol: NFG) $1.82 $1.9 4.40% These five stocks are part of our full Dividend Aristocrats List. |
29156.0 | 2023-04-18 00:00:00 UTC | Validea's Top 5 Industrial Stocks Based On Peter Lynch - 4/18/2023 | ABM | https://www.nasdaq.com/articles/valideas-top-5-industrial-stocks-based-on-peter-lynch-4-18-2023 | nan | nan | The following are the top rated Industrial stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DANAOS CORPORATION (DAC) is a small-cap value stock in the Water Transportation industry. The rating according to our strategy based on Peter Lynch is 96% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company's principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company. The Company's manager is Danaos Shipping Company Limited (Danaos Shipping). The Company has a fleet of over 50 containerships aggregating approximately 329,590 twenty-foot equivalent units (TEUs). Its containership fleet includes approximately 53 containerships deployed on time charters and approximately two containerships deployed on bareboat charter. Gemini Shipholdings Corporation (Gemini), a company beneficially owned by the Company, owns approximately four additional containerships of over 24,000 TEU aggregate capacity.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of DANAOS CORPORATION
DAC Guru Analysis
DAC Fundamental Analysis
QUANEX BUILDING PRODUCTS CORP (NX) is a small-cap value stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company's components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. Its fenestration components include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products. It operates through three segments: North American Fenestration segment, which is engaged in manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Fenestration segment, which includes United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components segment, which includes North American cabinet door and components business and two wood-manufacturing plants.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of QUANEX BUILDING PRODUCTS CORP
NX Guru Analysis
NX Fundamental Analysis
MRC GLOBAL INC (MRC) is a small-cap growth stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: MRC Global Inc. is a global distributor of pipe, valves, and fittings (PVF) and other infrastructure products and services to diversified energy, industrial and gas utility end-markets. It provides supply chain solutions and digital platforms to its customers. Its geographical segments include United States, Canada, and International. It offers a range of PVF, oilfield supply, valve automation and modification, measurement, instrumentation, and other general and specialty products from its network of over 9,000 suppliers. It provides a range of services, such as product testing, truck stocking, volume purchasing, technical support, engineering of control packages, pressure testing, documentation services, including material test records, assembly drawings and data sheets, inventory and zone store management, and warehousing. Its distribution network extends across the world, including United States, and western Canada, as well as Europe, Asia, Australasia, and the Middle East.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MRC GLOBAL INC
MRC Guru Analysis
MRC Fundamental Analysis
ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Its segments include Business & Industry (B&I), Manufacturing & Distribution (M&D), Education, Aviation, and Technical Solutions. B&I segment includes janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and non-acute healthcare facilities. M&D segment provides facility services, engineering, janitorial, and other specialized services in manufacturing and distribution. Education segment delivers custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. Aviation segment supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance and transportation. Technical Solutions segment includes mechanical and electrical services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ABM INDUSTRIES INC
ABM Guru Analysis
ABM Fundamental Analysis
MARTEN TRANSPORT LTD (MRTN) is a small-cap growth stock in the Trucking industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Marten Transport, Ltd. is a temperature-sensitive truckload carrier company focused on transporting and distributing food and other consumer-packaged goods. The Company's segments include Truckload, Dedicated, Intermodal and Brokerage. Its Truckload segment provides regional short-haul and medium-to-long-haul full-load transportation services. Its Dedicated segment provides customized transportation solutions tailored to meet each individual customers requirements, utilizing temperature-controlled trailers, dry vans and other specialized equipment within the United States. The Company's Intermodal segment transports its customers freight within the United States utilizing refrigerated containers and temperature-controlled trailers. Its Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for its customers in temperature-controlled trailers and dry vans within the United States and into and out of Mexico.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MARTEN TRANSPORT LTD
MRTN Guru Analysis
MRTN Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis MARTEN TRANSPORT LTD (MRTN) is a small-cap growth stock in the Trucking industry. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis MARTEN TRANSPORT LTD (MRTN) is a small-cap growth stock in the Trucking industry. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis MARTEN TRANSPORT LTD (MRTN) is a small-cap growth stock in the Trucking industry. | Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis ABM INDUSTRIES INC (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of integrated facility, infrastructure, and mobility solutions. Detailed Analysis of ABM INDUSTRIES INC ABM Guru Analysis ABM Fundamental Analysis MARTEN TRANSPORT LTD (MRTN) is a small-cap growth stock in the Trucking industry. |
29157.0 | 2023-04-04 00:00:00 UTC | ABM Crosses Below Key Moving Average Level | ABM | https://www.nasdaq.com/articles/abm-crosses-below-key-moving-average-level-1 | nan | nan | In trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $44.51, changing hands as low as $43.38 per share. ABM Industries, Inc. shares are currently trading off about 3.4% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average:
Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $43.42.
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $44.51, changing hands as low as $43.38 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $43.42. ABM Industries, Inc. shares are currently trading off about 3.4% on the day. | In trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $44.51, changing hands as low as $43.38 per share. ABM Industries, Inc. shares are currently trading off about 3.4% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $43.42. | In trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $44.51, changing hands as low as $43.38 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $43.42. ABM Industries, Inc. shares are currently trading off about 3.4% on the day. | In trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $44.51, changing hands as low as $43.38 per share. ABM Industries, Inc. shares are currently trading off about 3.4% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $43.42. |
29158.0 | 2023-04-03 00:00:00 UTC | Ex-Dividend Reminder: ABM Industries, Simpson Manufacturing and Sylvamo | ABM | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-abm-industries-simpson-manufacturing-and-sylvamo | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 4/5/23, ABM Industries, Inc. (Symbol: ABM), Simpson Manufacturing Co., Inc. (Symbol: SSD), and Sylvamo Corp (Symbol: SLVM) will all trade ex-dividend for their respective upcoming dividends. ABM Industries, Inc. will pay its quarterly dividend of $0.22 on 5/1/23, Simpson Manufacturing Co., Inc. will pay its quarterly dividend of $0.26 on 4/27/23, and Sylvamo Corp will pay its quarterly dividend of $0.25 on 4/27/23. As a percentage of ABM's recent stock price of $45.01, this dividend works out to approximately 0.49%, so look for shares of ABM Industries, Inc. to trade 0.49% lower — all else being equal — when ABM shares open for trading on 4/5/23. Similarly, investors should look for SSD to open 0.24% lower in price and for SLVM to open 0.53% lower, all else being equal.
Below are dividend history charts for ABM, SSD, and SLVM, showing historical dividends prior to the most recent ones declared.
ABM Industries, Inc. (Symbol: ABM):
Simpson Manufacturing Co., Inc. (Symbol: SSD):
Sylvamo Corp (Symbol: SLVM):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.95% for ABM Industries, Inc., 0.95% for Simpson Manufacturing Co., Inc., and 2.13% for Sylvamo Corp.
Free Report: Top 8%+ Dividends (paid monthly)
In Monday trading, ABM Industries, Inc. shares are currently up about 0.2%, Simpson Manufacturing Co., Inc. shares are down about 0.2%, and Sylvamo Corp shares are up about 1.5% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | If they do continue, the current estimated yields on annualized basis would be 1.95% for ABM Industries, Inc., 0.95% for Simpson Manufacturing Co., Inc., and 2.13% for Sylvamo Corp. Free Report: Top 8%+ Dividends (paid monthly) In Monday trading, ABM Industries, Inc. shares are currently up about 0.2%, Simpson Manufacturing Co., Inc. shares are down about 0.2%, and Sylvamo Corp shares are up about 1.5% on the day. Looking at the universe of stocks we cover at Dividend Channel, on 4/5/23, ABM Industries, Inc. (Symbol: ABM), Simpson Manufacturing Co., Inc. (Symbol: SSD), and Sylvamo Corp (Symbol: SLVM) will all trade ex-dividend for their respective upcoming dividends. ABM Industries, Inc. will pay its quarterly dividend of $0.22 on 5/1/23, Simpson Manufacturing Co., Inc. will pay its quarterly dividend of $0.26 on 4/27/23, and Sylvamo Corp will pay its quarterly dividend of $0.25 on 4/27/23. | Looking at the universe of stocks we cover at Dividend Channel, on 4/5/23, ABM Industries, Inc. (Symbol: ABM), Simpson Manufacturing Co., Inc. (Symbol: SSD), and Sylvamo Corp (Symbol: SLVM) will all trade ex-dividend for their respective upcoming dividends. ABM Industries, Inc. will pay its quarterly dividend of $0.22 on 5/1/23, Simpson Manufacturing Co., Inc. will pay its quarterly dividend of $0.26 on 4/27/23, and Sylvamo Corp will pay its quarterly dividend of $0.25 on 4/27/23. ABM Industries, Inc. (Symbol: ABM): Simpson Manufacturing Co., Inc. (Symbol: SSD): Sylvamo Corp (Symbol: SLVM): In general, dividends are not always predictable, following the ups and downs of company profits over time. | Looking at the universe of stocks we cover at Dividend Channel, on 4/5/23, ABM Industries, Inc. (Symbol: ABM), Simpson Manufacturing Co., Inc. (Symbol: SSD), and Sylvamo Corp (Symbol: SLVM) will all trade ex-dividend for their respective upcoming dividends. ABM Industries, Inc. will pay its quarterly dividend of $0.22 on 5/1/23, Simpson Manufacturing Co., Inc. will pay its quarterly dividend of $0.26 on 4/27/23, and Sylvamo Corp will pay its quarterly dividend of $0.25 on 4/27/23. If they do continue, the current estimated yields on annualized basis would be 1.95% for ABM Industries, Inc., 0.95% for Simpson Manufacturing Co., Inc., and 2.13% for Sylvamo Corp. Free Report: Top 8%+ Dividends (paid monthly) In Monday trading, ABM Industries, Inc. shares are currently up about 0.2%, Simpson Manufacturing Co., Inc. shares are down about 0.2%, and Sylvamo Corp shares are up about 1.5% on the day. | Looking at the universe of stocks we cover at Dividend Channel, on 4/5/23, ABM Industries, Inc. (Symbol: ABM), Simpson Manufacturing Co., Inc. (Symbol: SSD), and Sylvamo Corp (Symbol: SLVM) will all trade ex-dividend for their respective upcoming dividends. As a percentage of ABM's recent stock price of $45.01, this dividend works out to approximately 0.49%, so look for shares of ABM Industries, Inc. to trade 0.49% lower — all else being equal — when ABM shares open for trading on 4/5/23. ABM Industries, Inc. (Symbol: ABM): Simpson Manufacturing Co., Inc. (Symbol: SSD): Sylvamo Corp (Symbol: SLVM): In general, dividends are not always predictable, following the ups and downs of company profits over time. |
29159.0 | 2023-03-28 00:00:00 UTC | Is the Options Market Predicting a Spike in ABM Industries (ABM) Stock? | ABM | https://www.nasdaq.com/articles/is-the-options-market-predicting-a-spike-in-abm-industries-abm-stock | nan | nan | Investors in ABM Industries Incorporated ABM need to pay close attention to the stock based on moves in the options market lately. That is because the Apr 21, 2023 $30 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for ABM Industries shares, but what is the fundamental picture for the company? Currently, ABM Industries is a Zacks Rank #3 (Hold) in the Building Products - Maintenance Service industry that ranks in the Top 39% of our Zacks Industry Rank. Over the last 30 days, three analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 84 cents per share to 86 cents in that period.
Given the way analysts feel about ABM Industries right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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ABM Industries Incorporated (ABM) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors in ABM Industries Incorporated ABM need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for ABM Industries shares, but what is the fundamental picture for the company? Currently, ABM Industries is a Zacks Rank #3 (Hold) in the Building Products - Maintenance Service industry that ranks in the Top 39% of our Zacks Industry Rank. | Investors in ABM Industries Incorporated ABM need to pay close attention to the stock based on moves in the options market lately. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. Clearly, options traders are pricing in a big move for ABM Industries shares, but what is the fundamental picture for the company? | Investors in ABM Industries Incorporated ABM need to pay close attention to the stock based on moves in the options market lately. Currently, ABM Industries is a Zacks Rank #3 (Hold) in the Building Products - Maintenance Service industry that ranks in the Top 39% of our Zacks Industry Rank. Clearly, options traders are pricing in a big move for ABM Industries shares, but what is the fundamental picture for the company? | Given the way analysts feel about ABM Industries right now, this huge implied volatility could mean there’s a trade developing. Investors in ABM Industries Incorporated ABM need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for ABM Industries shares, but what is the fundamental picture for the company? |
29160.0 | 2023-03-22 00:00:00 UTC | ABM Industries (ABM) Stock Rises 13% in 6 Months: Here's How | ABM | https://www.nasdaq.com/articles/abm-industries-abm-stock-rises-13-in-6-months%3A-heres-how | nan | nan | ABM Industries Incorporated ABM has had an impressive run in the past six months.
The stock has gained 12.8% compared with the 6.7% rally of the industry it belongs to and the 6.4% rise of the Zacks S&P 500 composite.
ABM Industries Incorporated Price
ABM Industries Incorporated price | ABM Industries Incorporated Quote
Reasons for the Upside
ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its talent management system capabilities, expanding data use and modernizing the digital ecosystem. ELEVATE is expected to significantly accelerate the company’s organic growth, improve its strategic and comprehensive positioning, and reinforce profitability.
The recent acquisition of RavenVolt is part of ABM’s ELEVATE strategy and is aimed at expanding the company’s footprint in potential geographies and end markets. The acquisition expands ABM’s Technical Solutions service offerings, strengthening its foothold in EV infrastructure, power and bundled energy solutions markets. RavenVolt boosts the company’s eMobility business as a provider of customized power solutions in facilities that require additional power generation capacity to support EV charging.
ABM focuses on rewarding its shareholders through dividends. The company paid out $51.9 million, $51 million and $49.3 million through dividends in fiscal 2022, 2021 and 2020, respectively. Such moves indicate the company’s commitment to creating value for shareholders and underline its confidence in its business.
The company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters, delivering an average earnings surprise of 3%.
Zacks Rank & Stocks to Consider
ABM currently carries a Zacks Rank #3 (Hold). Here are some better-ranked stocks from the broader Zacks Business Services sector that investors may consider.
Omnicom Group's OMC internal development initiatives and shareholder-friendly policies ensure long-term profitability. The Zacks Consensus Estimate for the company’s first-quarter 2023 earnings is pegged at $1.4, which has been revised downward by 1.4% in the past 60 days. The consensus estimate for the full year stands at $7.15 per share. This has been revised 13.7% upward in the past 60 days.
For first-quarter 2023, OMC’s earnings are expected to be in line with the year-ago reported figure of $1.39. The company’s earnings are expected to grow 3.5% on a year-over-year basis in 2023. The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ICF International ICFI is being aided by the strong government business, courtesy of improvement in the business development pipeline and win rate. The Zacks Consensus Estimate for the company’s first-quarter 2023 earnings is pegged at $1.41, which has been revised upward by 6% in the past 60 days. The consensus estimate for the full year is $6.3 per share. This has been revised 7.3% upward in the past 60 days.
For first-quarter 2023, ICFI’s earnings are expected to register 7.6% growth on a year-over-year basis. For 2023, the company’s earnings are expected to grow 9.2% on a year-over-year basis. The company currently flaunts a Zacks Rank #1.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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Omnicom Group Inc. (OMC) : Free Stock Analysis Report
ABM Industries Incorporated (ABM) : Free Stock Analysis Report
ICF International, Inc. (ICFI) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The recent acquisition of RavenVolt is part of ABM’s ELEVATE strategy and is aimed at expanding the company’s footprint in potential geographies and end markets. ABM Industries Incorporated ABM has had an impressive run in the past six months. ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Reasons for the Upside ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its talent management system capabilities, expanding data use and modernizing the digital ecosystem. | ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Reasons for the Upside ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its talent management system capabilities, expanding data use and modernizing the digital ecosystem. Click to get this free report Omnicom Group Inc. (OMC) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report ICF International, Inc. (ICFI) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM has had an impressive run in the past six months. | ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Reasons for the Upside ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its talent management system capabilities, expanding data use and modernizing the digital ecosystem. Click to get this free report Omnicom Group Inc. (OMC) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report ICF International, Inc. (ICFI) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM has had an impressive run in the past six months. | ABM Industries Incorporated ABM has had an impressive run in the past six months. ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Reasons for the Upside ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its talent management system capabilities, expanding data use and modernizing the digital ecosystem. The recent acquisition of RavenVolt is part of ABM’s ELEVATE strategy and is aimed at expanding the company’s footprint in potential geographies and end markets. |
29161.0 | 2023-03-20 00:00:00 UTC | 5 Dividend Aristocrats Where Analysts See Capital Gains | ABM | https://www.nasdaq.com/articles/5-dividend-aristocrats-where-analysts-see-capital-gains-71 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Cullen/Frost Bankers, Inc. (Symbol: CFR) $104.83 $150.77 43.82%
National Fuel Gas Co. (Symbol: NFG) $54.89 $72.00 31.17%
UGI Corp. (Symbol: UGI) $35.03 $45.75 30.60%
Essential Utilities Inc (Symbol: WTRG) $42.56 $55.12 29.52%
ABM Industries, Inc. (Symbol: ABM) $43.73 $56.25 28.63%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.32% 43.82% 47.14%
National Fuel Gas Co. (Symbol: NFG) 3.46% 31.17% 34.63%
UGI Corp. (Symbol: UGI) 4.11% 30.60% 34.71%
Essential Utilities Inc (Symbol: WTRG) 2.70% 29.52% 32.22%
ABM Industries, Inc. (Symbol: ABM) 2.01% 28.63% 30.64%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
Cullen/Frost Bankers, Inc. (Symbol: CFR) $2.97 $3.36 13.13%
National Fuel Gas Co. (Symbol: NFG) $1.81 $1.88 3.87%
UGI Corp. (Symbol: UGI) $1.38 $1.44 4.35%
Essential Utilities Inc (Symbol: WTRG) $1.055 $1.129 7.01%
ABM Industries, Inc. (Symbol: ABM) $0.765 $0.805 5.23%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
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Dividend Growth Stocks: 25 Aristocrats »
Also see:
RVLV shares outstanding history
VIVE Average Annual Return
Top Ten Hedge Funds Holding HPS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Get the latest Zacks research report on WTRG — FREE Get the latest Zacks research report on ABM — FREE Dividend Growth Stocks: 25 Aristocrats » Also see: RVLV shares outstanding history VIVE Average Annual Return Top Ten Hedge Funds Holding HPS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Cullen/Frost Bankers, Inc. (Symbol: CFR) $104.83 $150.77 43.82% National Fuel Gas Co. (Symbol: NFG) $54.89 $72.00 31.17% UGI Corp. (Symbol: UGI) $35.03 $45.75 30.60% Essential Utilities Inc (Symbol: WTRG) $42.56 $55.12 29.52% ABM Industries, Inc. (Symbol: ABM) $43.73 $56.25 28.63% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.32% 43.82% 47.14% National Fuel Gas Co. (Symbol: NFG) 3.46% 31.17% 34.63% UGI Corp. (Symbol: UGI) 4.11% 30.60% 34.71% Essential Utilities Inc (Symbol: WTRG) 2.70% 29.52% 32.22% ABM Industries, Inc. (Symbol: ABM) 2.01% 28.63% 30.64% Another consideration with dividend growth stocks is just how much the dividend is growing. | Cullen/Frost Bankers, Inc. (Symbol: CFR) $104.83 $150.77 43.82% National Fuel Gas Co. (Symbol: NFG) $54.89 $72.00 31.17% UGI Corp. (Symbol: UGI) $35.03 $45.75 30.60% Essential Utilities Inc (Symbol: WTRG) $42.56 $55.12 29.52% ABM Industries, Inc. (Symbol: ABM) $43.73 $56.25 28.63% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.32% 43.82% 47.14% National Fuel Gas Co. (Symbol: NFG) 3.46% 31.17% 34.63% UGI Corp. (Symbol: UGI) 4.11% 30.60% 34.71% Essential Utilities Inc (Symbol: WTRG) 2.70% 29.52% 32.22% ABM Industries, Inc. (Symbol: ABM) 2.01% 28.63% 30.64% Another consideration with dividend growth stocks is just how much the dividend is growing. Cullen/Frost Bankers, Inc. (Symbol: CFR) $2.97 $3.36 13.13% National Fuel Gas Co. (Symbol: NFG) $1.81 $1.88 3.87% UGI Corp. (Symbol: UGI) $1.38 $1.44 4.35% Essential Utilities Inc (Symbol: WTRG) $1.055 $1.129 7.01% ABM Industries, Inc. (Symbol: ABM) $0.765 $0.805 5.23% These five stocks are part of our full Dividend Aristocrats List. | Cullen/Frost Bankers, Inc. (Symbol: CFR) $104.83 $150.77 43.82% National Fuel Gas Co. (Symbol: NFG) $54.89 $72.00 31.17% UGI Corp. (Symbol: UGI) $35.03 $45.75 30.60% Essential Utilities Inc (Symbol: WTRG) $42.56 $55.12 29.52% ABM Industries, Inc. (Symbol: ABM) $43.73 $56.25 28.63% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.32% 43.82% 47.14% National Fuel Gas Co. (Symbol: NFG) 3.46% 31.17% 34.63% UGI Corp. (Symbol: UGI) 4.11% 30.60% 34.71% Essential Utilities Inc (Symbol: WTRG) 2.70% 29.52% 32.22% ABM Industries, Inc. (Symbol: ABM) 2.01% 28.63% 30.64% Another consideration with dividend growth stocks is just how much the dividend is growing. Cullen/Frost Bankers, Inc. (Symbol: CFR) $2.97 $3.36 13.13% National Fuel Gas Co. (Symbol: NFG) $1.81 $1.88 3.87% UGI Corp. (Symbol: UGI) $1.38 $1.44 4.35% Essential Utilities Inc (Symbol: WTRG) $1.055 $1.129 7.01% ABM Industries, Inc. (Symbol: ABM) $0.765 $0.805 5.23% These five stocks are part of our full Dividend Aristocrats List. | Cullen/Frost Bankers, Inc. (Symbol: CFR) $104.83 $150.77 43.82% National Fuel Gas Co. (Symbol: NFG) $54.89 $72.00 31.17% UGI Corp. (Symbol: UGI) $35.03 $45.75 30.60% Essential Utilities Inc (Symbol: WTRG) $42.56 $55.12 29.52% ABM Industries, Inc. (Symbol: ABM) $43.73 $56.25 28.63% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Cullen/Frost Bankers, Inc. (Symbol: CFR) 3.32% 43.82% 47.14% National Fuel Gas Co. (Symbol: NFG) 3.46% 31.17% 34.63% UGI Corp. (Symbol: UGI) 4.11% 30.60% 34.71% Essential Utilities Inc (Symbol: WTRG) 2.70% 29.52% 32.22% ABM Industries, Inc. (Symbol: ABM) 2.01% 28.63% 30.64% Another consideration with dividend growth stocks is just how much the dividend is growing. Cullen/Frost Bankers, Inc. (Symbol: CFR) $2.97 $3.36 13.13% National Fuel Gas Co. (Symbol: NFG) $1.81 $1.88 3.87% UGI Corp. (Symbol: UGI) $1.38 $1.44 4.35% Essential Utilities Inc (Symbol: WTRG) $1.055 $1.129 7.01% ABM Industries, Inc. (Symbol: ABM) $0.765 $0.805 5.23% These five stocks are part of our full Dividend Aristocrats List. |
29162.0 | 2023-03-14 00:00:00 UTC | ABM Industries Breaks Above 200-Day Moving Average - Bullish for ABM | ABM | https://www.nasdaq.com/articles/abm-industries-breaks-above-200-day-moving-average-bullish-for-abm | nan | nan | In trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.66, changing hands as high as $45.45 per share. ABM Industries, Inc. shares are currently trading up about 2% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average:
Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $45.08.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
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CENT shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.66, changing hands as high as $45.45 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $45.08. ABM Industries, Inc. shares are currently trading up about 2% on the day. | In trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.66, changing hands as high as $45.45 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $45.08. ABM Industries, Inc. shares are currently trading up about 2% on the day. | In trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.66, changing hands as high as $45.45 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $45.08. ABM Industries, Inc. shares are currently trading up about 2% on the day. | In trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.66, changing hands as high as $45.45 per share. ABM Industries, Inc. shares are currently trading up about 2% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $45.08. |
29163.0 | 2023-03-10 00:00:00 UTC | Baird Downgrades ABM Industries (ABM) | ABM | https://www.nasdaq.com/articles/baird-downgrades-abm-industries-abm | nan | nan | On March 9, 2023, Baird downgraded their outlook for ABM Industries (NYSE:ABM) from Outperform to Neutral.
Analyst Price Forecast Suggests 24.55% Upside
As of March 10, 2023, the average one-year price target for ABM Industries is $59.16. The forecasts range from a low of $51.51 to a high of $68.25. The average price target represents an increase of 24.55% from its latest reported closing price of $47.50.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ABM Industries is $8,212MM, an increase of 4.46%. The projected annual non-GAAP EPS is $3.74.
ABM Industries Declares $0.22 Dividend
On March 8, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Shareholders of record as of April 6, 2023 will receive the payment on May 1, 2023. Previously, the company paid $0.22 per share.
At the current share price of $47.50 / share, the stock's dividend yield is 1.85%. Looking back five years and taking a sample every week, the average dividend yield has been 1.94%, the lowest has been 1.42%, and the highest has been 3.62%. The standard deviation of yields is 0.29 (n=236).
The current dividend yield is 0.30 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.30. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.19%, demonstrating that it has increased its dividend over time.
What are Large Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 4,902K shares representing 7.42% ownership of the company. In it's prior filing, the firm reported owning 4,890K shares, representing an increase of 0.25%. The firm increased its portfolio allocation in ABM by 5.96% over the last quarter.
SDY - SPDR Dividend ETF holds 3,483K shares representing 5.27% ownership of the company. In it's prior filing, the firm reported owning 3,255K shares, representing an increase of 6.56%. The firm increased its portfolio allocation in ABM by 6.62% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,025K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 2,005K shares, representing an increase of 0.99%. The firm increased its portfolio allocation in ABM by 8.37% over the last quarter.
Victory Capital Management holds 1,932K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 1,664K shares, representing an increase of 13.88%. The firm decreased its portfolio allocation in ABM by 20.26% over the last quarter.
Boston Partners holds 1,821K shares representing 2.76% ownership of the company. In it's prior filing, the firm reported owning 1,828K shares, representing a decrease of 0.35%. The firm decreased its portfolio allocation in ABM by 99.96% over the last quarter.
What is the Fund Sentiment?
There are 572 funds or institutions reporting positions in ABM Industries. This is a decrease of 17 owner(s) or 2.89% in the last quarter. Average portfolio weight of all funds dedicated to ABM is 0.24%, a decrease of 0.10%. Total shares owned by institutions decreased in the last three months by 0.67% to 74,235K shares. The put/call ratio of ABM is 0.66, indicating a bullish outlook.
ABM Industries Background Information
(This description is provided by the company.)
ABM Industries Inc. is a facility management provider in the United States. ABM was founded in 1909 by Morris Rosenberg in San Francisco, California, as a single-person window washing business. As of 2013, the company has over 130,000 employees, over 350 offices, and various international locations.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM was founded in 1909 by Morris Rosenberg in San Francisco, California, as a single-person window washing business. On March 9, 2023, Baird downgraded their outlook for ABM Industries (NYSE:ABM) from Outperform to Neutral. Analyst Price Forecast Suggests 24.55% Upside As of March 10, 2023, the average one-year price target for ABM Industries is $59.16. | ABM Industries Declares $0.22 Dividend On March 8, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). On March 9, 2023, Baird downgraded their outlook for ABM Industries (NYSE:ABM) from Outperform to Neutral. Analyst Price Forecast Suggests 24.55% Upside As of March 10, 2023, the average one-year price target for ABM Industries is $59.16. | ABM Industries Declares $0.22 Dividend On March 8, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). On March 9, 2023, Baird downgraded their outlook for ABM Industries (NYSE:ABM) from Outperform to Neutral. Analyst Price Forecast Suggests 24.55% Upside As of March 10, 2023, the average one-year price target for ABM Industries is $59.16. | ABM Industries Declares $0.22 Dividend On March 8, 2023 the company declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). On March 9, 2023, Baird downgraded their outlook for ABM Industries (NYSE:ABM) from Outperform to Neutral. Analyst Price Forecast Suggests 24.55% Upside As of March 10, 2023, the average one-year price target for ABM Industries is $59.16. |
29164.0 | 2023-03-09 00:00:00 UTC | ABM Industries (ABM) Declares $0.22 Dividend | ABM | https://www.nasdaq.com/articles/abm-industries-abm-declares-%240.22-dividend | nan | nan | ABM Industries said on March 8, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Previously, the company paid $0.22 per share.
Shares must be purchased before the ex-div date of April 5, 2023 to qualify for the dividend. Shareholders of record as of April 6, 2023 will receive the payment on May 1, 2023.
At the current share price of $47.50 / share, the stock's dividend yield is 1.85%. Looking back five years and taking a sample every week, the average dividend yield has been 1.94%, the lowest has been 1.42%, and the highest has been 3.62%. The standard deviation of yields is 0.29 (n=236).
The current dividend yield is 0.30 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.30. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.19%, demonstrating that it has increased its dividend over time.
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Analyst Price Forecast Suggests 24.55% Upside
As of March 10, 2023, the average one-year price target for ABM Industries is $59.16. The forecasts range from a low of $51.51 to a high of $68.25. The average price target represents an increase of 24.55% from its latest reported closing price of $47.50.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ABM Industries is $8,212MM, an increase of 4.46%. The projected annual non-GAAP EPS is $3.74.
What is the Fund Sentiment?
There are 572 funds or institutions reporting positions in ABM Industries. This is a decrease of 17 owner(s) or 2.89% in the last quarter. Average portfolio weight of all funds dedicated to ABM is 0.24%, a decrease of 0.10%. Total shares owned by institutions decreased in the last three months by 0.67% to 74,235K shares. The put/call ratio of ABM is 0.66, indicating a bullish outlook.
What are Large Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 4,902K shares representing 7.42% ownership of the company. In it's prior filing, the firm reported owning 4,890K shares, representing an increase of 0.25%. The firm increased its portfolio allocation in ABM by 5.96% over the last quarter.
SDY - SPDR Dividend ETF holds 3,483K shares representing 5.27% ownership of the company. In it's prior filing, the firm reported owning 3,255K shares, representing an increase of 6.56%. The firm increased its portfolio allocation in ABM by 6.62% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,025K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 2,005K shares, representing an increase of 0.99%. The firm increased its portfolio allocation in ABM by 8.37% over the last quarter.
Victory Capital Management holds 1,932K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 1,664K shares, representing an increase of 13.88%. The firm decreased its portfolio allocation in ABM by 20.26% over the last quarter.
Boston Partners holds 1,821K shares representing 2.76% ownership of the company. In it's prior filing, the firm reported owning 1,828K shares, representing a decrease of 0.35%. The firm decreased its portfolio allocation in ABM by 99.96% over the last quarter.
ABM Industries Background Information
(This description is provided by the company.)
ABM Industries Inc. is a facility management provider in the United States. ABM was founded in 1909 by Morris Rosenberg in San Francisco, California, as a single-person window washing business. As of 2013, the company has over 130,000 employees, over 350 offices, and various international locations.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries said on March 8, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). ABM was founded in 1909 by Morris Rosenberg in San Francisco, California, as a single-person window washing business. Analyst Price Forecast Suggests 24.55% Upside As of March 10, 2023, the average one-year price target for ABM Industries is $59.16. | ABM Industries said on March 8, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Analyst Price Forecast Suggests 24.55% Upside As of March 10, 2023, the average one-year price target for ABM Industries is $59.16. The projected annual revenue for ABM Industries is $8,212MM, an increase of 4.46%. | ABM Industries said on March 8, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Analyst Price Forecast Suggests 24.55% Upside As of March 10, 2023, the average one-year price target for ABM Industries is $59.16. The projected annual revenue for ABM Industries is $8,212MM, an increase of 4.46%. | There are 572 funds or institutions reporting positions in ABM Industries. ABM Industries said on March 8, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Analyst Price Forecast Suggests 24.55% Upside As of March 10, 2023, the average one-year price target for ABM Industries is $59.16. |
29165.0 | 2023-03-08 00:00:00 UTC | ABM Industries (ABM) Q1 Earnings Beat Estimates | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q1-earnings-beat-estimates | nan | nan | ABM Industries (ABM) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.60%. A quarter ago, it was expected that this provider of cleaning and other maintenance services for commercial buildings, hospitals and airports would post earnings of $0.89 per share when it actually produced earnings of $0.89, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.99 billion for the quarter ended January 2023, missing the Zacks Consensus Estimate by 1.71%. This compares to year-ago revenues of $1.94 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
ABM Industries shares have added about 7.7% since the beginning of the year versus the S&P 500's gain of 3.8%.
What's Next for ABM Industries?
While ABM Industries has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ABM Industries: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.84 on $2.02 billion in revenues for the coming quarter and $3.51 on $8.19 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Maintenance Service is currently in the top 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Business Services sector, Gambling.com Group Limited (GAMB), is yet to report results for the quarter ended December 2022. The results are expected to be released on March 23.
This company is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +250%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Gambling.com Group Limited's revenues are expected to be $18.38 million, up 78.6% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries (ABM) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.77 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.99 billion for the quarter ended January 2023, missing the Zacks Consensus Estimate by 1.71%. ABM Industries shares have added about 7.7% since the beginning of the year versus the S&P 500's gain of 3.8%. | ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.99 billion for the quarter ended January 2023, missing the Zacks Consensus Estimate by 1.71%. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gambling.com Group Limited (GAMB) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries (ABM) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.77 per share. | ABM Industries (ABM) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.77 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.99 billion for the quarter ended January 2023, missing the Zacks Consensus Estimate by 1.71%. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gambling.com Group Limited (GAMB) : Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries (ABM) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.77 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.99 billion for the quarter ended January 2023, missing the Zacks Consensus Estimate by 1.71%. ABM Industries shares have added about 7.7% since the beginning of the year versus the S&P 500's gain of 3.8%. |
29166.0 | 2023-03-08 00:00:00 UTC | ABM Industries Q1 Adj. EPS Tops Estimates, But Revenues Miss; Backs FY23 Outlook | ABM | https://www.nasdaq.com/articles/abm-industries-q1-adj.-eps-tops-estimates-but-revenues-miss-backs-fy23-outlook | nan | nan | (RTTNews) - Facility management company ABM Industries, Inc. (ABM) reported on Wednesday first-quarter net income of $38.5 million or $0.58 per share, sharply lower than $76.0 million or $1.01 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $0.79 per share, compared to $0.94 per share in the year-ago quarter.
Total revenue for the quarter grew 3 percent to $1.99 billion from $1.94 billion in the same quarter last year. Organic revenue growth was 1 percent.
On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $0.77 per share on net sales of $2.02 billion for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2023, the company continues to project earnings in the range of $2.43 to $2.63 per share and adjusted earnings in the range of $3.40 to $3.60 per share.
The Street is looking for earnings of $3.52 per share for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Facility management company ABM Industries, Inc. (ABM) reported on Wednesday first-quarter net income of $38.5 million or $0.58 per share, sharply lower than $76.0 million or $1.01 per share in the prior-year quarter. On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $0.77 per share on net sales of $2.02 billion for the quarter. Analysts' estimates typically exclude special items. | (RTTNews) - Facility management company ABM Industries, Inc. (ABM) reported on Wednesday first-quarter net income of $38.5 million or $0.58 per share, sharply lower than $76.0 million or $1.01 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.79 per share, compared to $0.94 per share in the year-ago quarter. On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $0.77 per share on net sales of $2.02 billion for the quarter. | (RTTNews) - Facility management company ABM Industries, Inc. (ABM) reported on Wednesday first-quarter net income of $38.5 million or $0.58 per share, sharply lower than $76.0 million or $1.01 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.79 per share, compared to $0.94 per share in the year-ago quarter. Looking ahead to fiscal 2023, the company continues to project earnings in the range of $2.43 to $2.63 per share and adjusted earnings in the range of $3.40 to $3.60 per share. | (RTTNews) - Facility management company ABM Industries, Inc. (ABM) reported on Wednesday first-quarter net income of $38.5 million or $0.58 per share, sharply lower than $76.0 million or $1.01 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.79 per share, compared to $0.94 per share in the year-ago quarter. Total revenue for the quarter grew 3 percent to $1.99 billion from $1.94 billion in the same quarter last year. |
29167.0 | 2023-03-07 00:00:00 UTC | Pre-Market Earnings Report for March 8, 2023 : CPB, LTH, ABM, KFY, UNFI, LFST, VRDN, COCO, IMXI, REVG, VERX, YSG | ABM | https://www.nasdaq.com/articles/pre-market-earnings-report-for-march-8-2023-%3A-cpb-lth-abm-kfy-unfi-lfst-vrdn-coco-imxi | nan | nan | The following companies are expected to report earnings prior to market open on 03/08/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Campbell Soup Company (CPB)is reporting for the quarter ending January 31, 2023. The food company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.73. This value represents a 5.80% increase compared to the same quarter last year. In the past year CPB has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CPB is 17.53 vs. an industry ratio of 51.90.
Life Time Group Holdings, Inc. (LTH)is reporting for the quarter ending December 31, 2022. The medical services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.06. This value represents a 133.33% increase compared to the same quarter last year. In the past year LTH has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 22.22%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for LTH is -955.00 vs. an industry ratio of -9.00.
ABM Industries Incorporated (ABM)is reporting for the quarter ending January 31, 2023. The building maintenance & services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.77. This value represents a 18.09% decrease compared to the same quarter last year. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 13.77 vs. an industry ratio of 24.40.
Korn Ferry (KFY)is reporting for the quarter ending January 31, 2023. The staffing company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.89. This value represents a 44.03% decrease compared to the same quarter last year. KFY missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -1.96%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for KFY is 11.67 vs. an industry ratio of 12.70.
United Natural Foods, Inc. (UNFI)is reporting for the quarter ending January 31, 2023. The food company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.38. This value represents a 22.12% increase compared to the same quarter last year. UNFI missed the consensus earnings per share in the 4th calendar quarter of 2022 by -0.88%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for UNFI is 8.33 vs. an industry ratio of 51.90.
LifeStance Health Group, Inc. (LFST)is reporting for the quarter ending December 31, 2022. The medical (outpatient/home care) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.13. This value represents a 59.38% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 25 days. Zacks Investment Research reports that the 2022 Price to Earnings ratio for LFST is -7.67 vs. an industry ratio of 12.50.
Viridian Therapeutics, Inc. (VRDN)is reporting for the quarter ending December 31, 2022. The biomedical (gene) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.72. This value represents a 45.45% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for VRDN is -9.20 vs. an industry ratio of 3.20.
The Vita Coco Company, Inc. (COCO)is reporting for the quarter ending December 31, 2022. The beverages company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.04. This value represents a 166.67% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for COCO is 73.04 vs. an industry ratio of 6.10, implying that they will have a higher earnings growth than their competitors in the same industry.
International Money Express, Inc. (IMXI)is reporting for the quarter ending December 31, 2022. The financial transactions company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.38. This value represents a no change for the same quarter last year. In the past year IMXI and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for IMXI is 15.73 vs. an industry ratio of -20.80, implying that they will have a higher earnings growth than their competitors in the same industry.
REV Group, Inc. (REVG)is reporting for the quarter ending January 31, 2023. The transportation services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.02. This value represents a 120.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for REVG is 15.34 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Vertex, Inc. (VERX)is reporting for the quarter ending December 31, 2022. The internet software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.03. This value represents a 25.00% decrease compared to the same quarter last year. VERX missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -125%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for VERX is 75.00 vs. an industry ratio of -2.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Yatsen Holding Limited (YSG)is reporting for the quarter ending December 31, 2022. The consumer company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.08. This value represents a 27.27% increase compared to the same quarter last year. YSG missed the consensus earnings per share in the 4th calendar quarter of 2021 by -10%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for YSG is -6.00 vs. an industry ratio of -68.40, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated (ABM)is reporting for the quarter ending January 31, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 13.77 vs. an industry ratio of 24.40. | ABM Industries Incorporated (ABM)is reporting for the quarter ending January 31, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 13.77 vs. an industry ratio of 24.40. | ABM Industries Incorporated (ABM)is reporting for the quarter ending January 31, 2023. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 13.77 vs. an industry ratio of 24.40. | In the past year ABM and beat the expectations the other three quarters. ABM Industries Incorporated (ABM)is reporting for the quarter ending January 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ABM is 13.77 vs. an industry ratio of 24.40. |
29168.0 | 2023-03-03 00:00:00 UTC | Why Hold Strategy is Apt for ABM Industries (ABM) Stock Now | ABM | https://www.nasdaq.com/articles/why-hold-strategy-is-apt-for-abm-industries-abm-stock-now | nan | nan | ABM Industries Incorporated ABM is currently benefiting from growth through strategic acquisitions, as well as organic investments. The company’s revenues are expected to increase 4.9% and 3.6% year over year in fiscal 2023 and 2024, respectively.
ABM’s Tailwinds
ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its talent management system capabilities, expanding data usage and modernizing the digital ecosystem. ELEVATE is expected to significantly accelerate the company’s organic growth, improve its strategic and comprehensive positioning and reinforce profitability.
ABM Industries Incorporated Revenue (TTM)
ABM Industries Incorporated revenue-ttm | ABM Industries Incorporated Quote
The recent acquisition of RavenVolt is part of ABM’s ELEVATE strategy and is aimed at expanding the company’s footprint in potential geographies and end markets. The acquisition will help expand ABM’s Technical Solutions service offerings, strengthening its foothold in EV infrastructure, power and bundled energy solutions markets. RavenVolt will also boost ABM’S eMobility business as a provider of customized power solutions in facilities that require additional power generation capacity to support EV charging.
ABM focuses on rewarding its shareholders through dividends. The company paid $51.9 million, $51 million and $49.3 million through dividends in fiscal 2022, 2021 and 2020, respectively. Such moves indicate the company’s commitment to creating value for shareholders and underline its confidence in its business.
Some Risks
ABM Industries' current ratio (a measure of liquidity) at the end of the October quarter was 1.15, lower than the current ratio of 1.21 reported at the end of the prior quarter. A decline in the current ratio is not desirable as it indicates that the company may have problems meeting its short-term debt obligations.
Zacks Rank & Stocks to Consider
ABM currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are Trane Technologies TT and The Interpublic Group of Companies, Inc. IPG.
Trane Technologies carries a Zacks Rank #2 (Buy) at present. TT has a long-term earnings growth expectation of 9.8%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Trane delivered a trailing four-quarter earnings surprise of 8.2% on average.
Interpublic currently sports a Zacks Rank #1. IPG has a long-term earnings growth expectation of 4.6%.
IPG delivered a trailing four-quarter earnings surprise of 8.2% on average.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated ABM is currently benefiting from growth through strategic acquisitions, as well as organic investments. ABM’s Tailwinds ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its talent management system capabilities, expanding data usage and modernizing the digital ecosystem. ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated revenue-ttm | ABM Industries Incorporated Quote The recent acquisition of RavenVolt is part of ABM’s ELEVATE strategy and is aimed at expanding the company’s footprint in potential geographies and end markets. | ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated revenue-ttm | ABM Industries Incorporated Quote The recent acquisition of RavenVolt is part of ABM’s ELEVATE strategy and is aimed at expanding the company’s footprint in potential geographies and end markets. Click to get this free report Interpublic Group of Companies, Inc. (The) (IPG) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Trane Technologies plc (TT) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is currently benefiting from growth through strategic acquisitions, as well as organic investments. | ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated revenue-ttm | ABM Industries Incorporated Quote The recent acquisition of RavenVolt is part of ABM’s ELEVATE strategy and is aimed at expanding the company’s footprint in potential geographies and end markets. Zacks Rank & Stocks to Consider ABM currently carries a Zacks Rank #3 (Hold). Click to get this free report Interpublic Group of Companies, Inc. (The) (IPG) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Trane Technologies plc (TT) : Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries Incorporated ABM is currently benefiting from growth through strategic acquisitions, as well as organic investments. ABM’s Tailwinds ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its talent management system capabilities, expanding data usage and modernizing the digital ecosystem. ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated revenue-ttm | ABM Industries Incorporated Quote The recent acquisition of RavenVolt is part of ABM’s ELEVATE strategy and is aimed at expanding the company’s footprint in potential geographies and end markets. |
29169.0 | 2023-03-01 00:00:00 UTC | Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now? | ABM | https://www.nasdaq.com/articles/is-proshares-russell-2000-dividend-growers-etf-smdv-a-strong-etf-right-now-5 | nan | nan | Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Because the fund has amassed over $907.09 million, this makes it one of the average sized ETFs in the Style Box - Small Cap Value. SMDV is managed by Proshares. Before fees and expenses, SMDV seeks to match the performance of the Russell 2000 Dividend Growth Index.
The Russell 2000 Dividend Growth Index targets companies that are currently members of the Russell 2000 Index and have increased dividend payments each year for at least 10 years.
Cost & Other Expenses
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
Operating expenses on an annual basis are 0.40% for SMDV, making it one of the more expensive products in the space.
It has a 12-month trailing dividend yield of 2.38%.
Performance and Risk
Year-to-date, the ProShares Russell 2000 Dividend Growers ETF return is roughly 5.43% so far, and is up about 2.52% over the last 12 months (as of 03/01/2023). SMDV has traded between $55.50 and $66.96 in this past 52-week period.
The ETF has a beta of 0.79 and standard deviation of 28.92% for the trailing three-year period, making it a medium risk choice in the space. With about 98 holdings, it effectively diversifies company-specific risk.
Alternatives
ProShares Russell 2000 Dividend Growers ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well.
IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. IShares Core Dividend Growth ETF has $23.64 billion in assets, Vanguard Dividend Appreciation ETF has $64.25 billion. DGRO has an expense ratio of 0.08% and VIG charges 0.06%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015. On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Alternatives ProShares Russell 2000 Dividend Growers ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015. IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. | Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arbor Realty Trust (ABR) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports To read this article on Zacks.com click here. Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015. Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns. |
29170.0 | 2023-02-15 00:00:00 UTC | Rollins (ROL) Tops Q4 Earnings and Revenue Estimates | ABM | https://www.nasdaq.com/articles/rollins-rol-tops-q4-earnings-and-revenue-estimates | nan | nan | Rollins (ROL) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.25%. A quarter ago, it was expected that this operator of Orkin and other pest and termine control services would post earnings of $0.20 per share when it actually produced earnings of $0.22, delivering a surprise of 10%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Rollins, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $661.39 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 0.58%. This compares to year-ago revenues of $600.34 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Rollins shares have lost about 2.5% since the beginning of the year versus the S&P 500's gain of 7.7%.
What's Next for Rollins?
While Rollins has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Rollins: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.15 on $638.94 million in revenues for the coming quarter and $0.79 on $2.85 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Maintenance Service is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
ABM Industries (ABM), another stock in the same industry, has yet to report results for the quarter ended January 2023.
This provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of -18.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
ABM Industries' revenues are expected to be $2.03 billion, up 5% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries (ABM), another stock in the same industry, has yet to report results for the quarter ended January 2023. ABM Industries' revenues are expected to be $2.03 billion, up 5% from the year-ago quarter. Click to get this free report Rollins, Inc. (ROL) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Rollins, Inc. (ROL) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries (ABM), another stock in the same industry, has yet to report results for the quarter ended January 2023. ABM Industries' revenues are expected to be $2.03 billion, up 5% from the year-ago quarter. | Click to get this free report Rollins, Inc. (ROL) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries (ABM), another stock in the same industry, has yet to report results for the quarter ended January 2023. ABM Industries' revenues are expected to be $2.03 billion, up 5% from the year-ago quarter. | ABM Industries (ABM), another stock in the same industry, has yet to report results for the quarter ended January 2023. ABM Industries' revenues are expected to be $2.03 billion, up 5% from the year-ago quarter. Click to get this free report Rollins, Inc. (ROL) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. |
29171.0 | 2023-02-09 00:00:00 UTC | State Street Increases Position in ABM Industries (ABM) | ABM | https://www.nasdaq.com/articles/state-street-increases-position-in-abm-industries-abm | nan | nan | Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 6.80MM shares of ABM Industries, Inc. (ABM). This represents 10.37% of the company.
In their previous filing dated February 11, 2022 they reported 5.92MM shares and 8.79% of the company, an increase in shares of 14.92% and an increase in total ownership of 1.58% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 25.63% Upside
As of February 8, 2023, the average one-year price target for ABM Industries is $59.16. The forecasts range from a low of $51.51 to a high of $68.25. The average price target represents an increase of 25.63% from its latest reported closing price of $47.09.
The projected annual revenue for ABM Industries is $8,212MM, an increase of 5.19%. The projected annual EPS is $3.74, an increase of 8.83%.
What is the Fund Sentiment?
There are 583 funds or institutions reporting positions in ABM Industries. This is a decrease of 29 owner(s) or 4.74% in the last quarter. Average portfolio weight of all funds dedicated to ABM is 0.23%, a decrease of 2.70%. Total shares owned by institutions decreased in the last three months by 0.78% to 74,654K shares. The put/call ratio of ABM is 1.01, indicating a bearish outlook.
What are large shareholders doing?
IJR - iShares Core S&P Small-Cap ETF holds 4,890K shares representing 7.45% ownership of the company. In it's prior filing, the firm reported owning 4,667K shares, representing an increase of 4.56%. The firm decreased its portfolio allocation in ABM by 6.37% over the last quarter.
SDY - SPDR Dividend ETF holds 3,255K shares representing 4.96% ownership of the company. In it's prior filing, the firm reported owning 2,774K shares, representing an increase of 14.78%. The firm increased its portfolio allocation in ABM by 5.46% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,005K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 1,972K shares, representing an increase of 1.67%. The firm decreased its portfolio allocation in ABM by 6.66% over the last quarter.
Principal Financial Group holds 1,854K shares representing 2.83% ownership of the company. In it's prior filing, the firm reported owning 1,791K shares, representing an increase of 3.41%. The firm decreased its portfolio allocation in ABM by 2.08% over the last quarter.
Boston Partners holds 1,821K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 1,828K shares, representing a decrease of 0.35%. The firm decreased its portfolio allocation in ABM by 57.90% over the last quarter.
ABM Industries Declares $0.22 Dividend
On December 5, 2022 the company declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Shareholders of record as of January 4, 2023 received the payment on February 6, 2023. Previously, the company paid $0.20 per share.
At the current share price of $47.09 / share, the stock's dividend yield is 1.87%. Looking back five years and taking a sample every week, the average dividend yield has been 1.94%, the lowest has been 1.42%, and the highest has been 3.62%. The standard deviation of yields is 0.29 (n=236).
The current dividend yield is 0.26 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.25. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.19%, demonstrating that it has increased its dividend over time.
ABM Industries Background Information
(This description is provided by the company.)
ABM Industries Inc. is a facility management provider in the United States. ABM was founded in 1909 by Morris Rosenberg in San Francisco, California, as a single-person window washing business. As of 2013, the company has over 130,000 employees, over 350 offices, and various international locations.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM was founded in 1909 by Morris Rosenberg in San Francisco, California, as a single-person window washing business. Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 6.80MM shares of ABM Industries, Inc. (ABM). Analyst Price Forecast Suggests 25.63% Upside As of February 8, 2023, the average one-year price target for ABM Industries is $59.16. | Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 6.80MM shares of ABM Industries, Inc. (ABM). Analyst Price Forecast Suggests 25.63% Upside As of February 8, 2023, the average one-year price target for ABM Industries is $59.16. The projected annual revenue for ABM Industries is $8,212MM, an increase of 5.19%. | Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 6.80MM shares of ABM Industries, Inc. (ABM). ABM Industries Declares $0.22 Dividend On December 5, 2022 the company declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Analyst Price Forecast Suggests 25.63% Upside As of February 8, 2023, the average one-year price target for ABM Industries is $59.16. | Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 6.80MM shares of ABM Industries, Inc. (ABM). Analyst Price Forecast Suggests 25.63% Upside As of February 8, 2023, the average one-year price target for ABM Industries is $59.16. The projected annual revenue for ABM Industries is $8,212MM, an increase of 5.19%. |
29172.0 | 2023-02-02 00:00:00 UTC | New Strong Sell Stocks for February 2nd | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-february-2nd-0 | nan | nan | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
Alerus Financial ALRS is a financial services company that offers financial solutions to businesses and consumers. The Zacks Consensus Estimate for its current year earnings has been revised 12.5% downward over the last 60 days.
Arrow Financial AROW is a bank holding company that provides commercial and consumer banking, and financial products and services. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days.
ABM Industries ABM is a provider of integrated facility solutions in the United States and internationally. The Zacks Consensus Estimate for its current year earnings has been revised almost 5.9% downward over the last 60 days.
View the entire Zacks Rank #5 List.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM is a provider of integrated facility solutions in the United States and internationally. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arrow Financial Corporation (AROW) : Free Stock Analysis Report Alerus Financial (ALRS) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arrow Financial Corporation (AROW) : Free Stock Analysis Report Alerus Financial (ALRS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is a provider of integrated facility solutions in the United States and internationally. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Alerus Financial ALRS is a financial services company that offers financial solutions to businesses and consumers. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arrow Financial Corporation (AROW) : Free Stock Analysis Report Alerus Financial (ALRS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is a provider of integrated facility solutions in the United States and internationally. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Alerus Financial ALRS is a financial services company that offers financial solutions to businesses and consumers. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Arrow Financial Corporation (AROW) : Free Stock Analysis Report Alerus Financial (ALRS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is a provider of integrated facility solutions in the United States and internationally. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Alerus Financial ALRS is a financial services company that offers financial solutions to businesses and consumers. |
29173.0 | 2023-01-24 00:00:00 UTC | New Strong Sell Stocks for January 24th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-january-24th-0 | nan | nan | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days.
BrainsWay Ltd. BWAY manufactures non-invasive neurostimulation treatments for mental health disorders. The Zacks Consensus Estimate for its current year earnings has been revised 10.8% downward over the last 60 days.
DXP Enterprises, Inc. DXPE engages in distributing maintenance, repair, and operating products, equipment, and services to the energy and industrial customers. The Zacks Consensus Estimate for its current year earnings has been revised 3.4% downward over the last 60 days.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report Brainsway Ltd. DXP Enterprises, Inc. DXPE engages in distributing maintenance, repair, and operating products, equipment, and services to the energy and industrial customers. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report Brainsway Ltd. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report Brainsway Ltd. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report Brainsway Ltd. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. |
29174.0 | 2023-01-19 00:00:00 UTC | New Strong Sell Stocks for January 19th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-january-19th-0 | nan | nan | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days.
BrainsWay Ltd. BWAY manufactures non-invasive neurostimulation treatments for mental health disorders. The Zacks Consensus Estimate for its current year earnings has been revised 10.8% downward over the last 60 days.
DXP Enterprises, Inc. DXPE engages in distributing maintenance, repair, and operating products, equipment, and services to the energy and industrial customers. The Zacks Consensus Estimate for its current year earnings has been revised 3.4% downward over the last 60 days.
View the entire Zacks Rank #5 List.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report Brainsway Ltd. BrainsWay Ltd. BWAY manufactures non-invasive neurostimulation treatments for mental health disorders. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report Brainsway Ltd. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report Brainsway Ltd. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report DXP Enterprises, Inc. (DXPE) : Free Stock Analysis Report Brainsway Ltd. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. |
29175.0 | 2023-01-17 00:00:00 UTC | New Strong Sell Stocks for January 17th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-january-17th-0 | nan | nan | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days.
Advance Auto Parts, Inc. AAP provides automotive replacement parts, accessories, batteries, and maintenance items. The Zacks Consensus Estimate for its current year earnings has been revised 3.1% downward over the last 60 days.
Papa John's International, Inc. PZZA is a pizza restaurant franchise. The Zacks Consensus Estimate for its current year earnings has been revised 2.4% downward over the last 60 days.
View the entire Zacks Rank #5 List.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Papa John's International, Inc. (PZZA) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Papa John's International, Inc. (PZZA) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Papa John's International, Inc. (PZZA) : Free Stock Analysis Report To read this article on Zacks.com click here. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. | Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Papa John's International, Inc. (PZZA) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM engages in the provision of integrated facility, infrastructure, and mobility solutions. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. |
29176.0 | 2023-01-16 00:00:00 UTC | New Strong Sell Stocks for January 13th (Revised) | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-january-13th-revised | nan | nan | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
Gevo GEVO is a renewable chemicals and advanced biofuels company engaged in the development of biobased alternatives to petroleum-based products using a combination of synthetic biology and chemistry. The Zacks Consensus Estimate for its current year earnings has been revised 25.0% downward over the last 60 days.
Grifols GRFS is engaged in the research, development and retailing of plasma derivates, products for intravenous therapy, clinical nutrition, diagnostic and hospital logistics systems. The Zacks Consensus Estimate for its current year earnings has been revised almost 10.3% downward over the last 60 days.
ABM Industries ABM is a provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days.
View the entire Zacks Rank #5 List.
(We are reissuing this article to correct a mistake. The original article, issued on January 13, 2023, should no longer be relied upon.)
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ABM Industries Incorporated (ABM) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM is a provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gevo, Inc. (GEVO) : Free Stock Analysis Report Grifols, S.A. (GRFS) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Gevo GEVO is a renewable chemicals and advanced biofuels company engaged in the development of biobased alternatives to petroleum-based products using a combination of synthetic biology and chemistry. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gevo, Inc. (GEVO) : Free Stock Analysis Report Grifols, S.A. (GRFS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is a provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. The Zacks Consensus Estimate for its current year earnings has been revised 25.0% downward over the last 60 days. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gevo, Inc. (GEVO) : Free Stock Analysis Report Grifols, S.A. (GRFS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is a provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Gevo GEVO is a renewable chemicals and advanced biofuels company engaged in the development of biobased alternatives to petroleum-based products using a combination of synthetic biology and chemistry. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gevo, Inc. (GEVO) : Free Stock Analysis Report Grifols, S.A. (GRFS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is a provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Gevo GEVO is a renewable chemicals and advanced biofuels company engaged in the development of biobased alternatives to petroleum-based products using a combination of synthetic biology and chemistry. |
29177.0 | 2023-01-13 00:00:00 UTC | New Strong Sell Stocks for January 13th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-january-13th-0 | nan | nan | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
Gevo GEVO is a operates in the pharmaceutical-hospital sector engaged in the research, development and retailing of plasma derivates, products for intravenous therapy, clinical nutrition, diagnostic and hospital logistics systems. The Zacks Consensus Estimate for its current year earnings has been revised 25.0% downward over the last 60 days.
Grifols GRFS is a manufacturer and seller of jewellery products primarily in China, Hong Kong, Macau, Taiwan, Malaysia and Singapore. The Zacks Consensus Estimate for its current year earnings has been revised almost 10.3% downward over the last 60 days.
ABM Industries ABM is a provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days.
View the entire Zacks Rank #5 List.
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ABM Industries Incorporated (ABM) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM is a provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gevo, Inc. (GEVO) : Free Stock Analysis Report Grifols, S.A. (GRFS) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Gevo GEVO is a operates in the pharmaceutical-hospital sector engaged in the research, development and retailing of plasma derivates, products for intravenous therapy, clinical nutrition, diagnostic and hospital logistics systems. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gevo, Inc. (GEVO) : Free Stock Analysis Report Grifols, S.A. (GRFS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is a provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. The Zacks Consensus Estimate for its current year earnings has been revised 25.0% downward over the last 60 days. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gevo, Inc. (GEVO) : Free Stock Analysis Report Grifols, S.A. (GRFS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is a provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Gevo GEVO is a operates in the pharmaceutical-hospital sector engaged in the research, development and retailing of plasma derivates, products for intravenous therapy, clinical nutrition, diagnostic and hospital logistics systems. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Gevo, Inc. (GEVO) : Free Stock Analysis Report Grifols, S.A. (GRFS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is a provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. And in a new FREE report, Zacks is revealing those stocks to you. |
29178.0 | 2023-01-12 00:00:00 UTC | ABM Industries (ABM) Up 3.9% Since Last Earnings Report: Can It Continue? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-up-3.9-since-last-earnings-report%3A-can-it-continue | nan | nan | A month has gone by since the last earnings report for ABM Industries (ABM). Shares have added about 3.9% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is ABM Industries due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
ABM Industries Surpasses Q3 Earnings Estimates
ABM Industries reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimates.
Adjusted earnings (excluding 9 cents from non-recurring items) from continuing operations came in at 94 cents per share, beating the consensus mark by 3.3% and increasing 4.4% from last fiscal year’s quarterly figure. The bottom line benefited from increased operating earnings on higher revenues, partially offset by a decrease in the volume of higher-margin virus protection services and work orders, as well as higher direct and indirect costs, primarily for labor.
Total revenues of $1.96 billion also surpassed the consensus estimate by 1.8% and improved 27.1% from last fiscal year’s quarterly figure. The upside was backed by solid demand across ABM’s Business & Industry, Aviation, Manufacturing & Distribution, and Technical Solutions segments, especially in its eMobility business. Quarterly revenue growth includes 7.4% organic growth and a 19.7% upside from acquisitions.
Quarterly results benefited from accretive acquisitions, solid demand for ABM’s core janitorial and engineering services, and continued strong growth in eMobility. These were, however, partially offset by the expected decline in disinfection-related work orders and EnhancedClean services.
Let’s check out the numbers.
Segment-Wise Revenues
Business & Industry revenues increased 51.4% from last fiscal year’s quarterly figure to $1.03 billion. Manufacturing & Distribution revenues inched up 5.2% from last fiscal year’s quarterly figure to $358.1 million. Aviation revenues increased 21.3% from last fiscal year’s quarterly figure to $203.5 million. Technical Solutions revenues increased 9.3% from last fiscal year’s quarterly figure to $158.4 million. Education revenues of $207.5 million also inched up 0.3% from the prior-year fiscal quarter’s level.
Operating Results
Adjusted EBITDA came in at $125.5 million compared with $113.5 million in the year-ago quarter. Adjusted EBITDA margin was 6.6% compared with 7.7% in the year-ago quarter, primarily reflecting a change in service mix and cost increases.
Operating expenses increased 31.7% from the year-ago figure to $1.69 billion. Selling, general and administrative expenses declined 37.5% from the year-ago level to $158.6 million.
Balance Sheet & Cash Flow
ABM Industries exited third-quarter fiscal 2022 with cash and cash equivalents of $63.9 million compared with $48.9 million at the end of the prior fiscal quarter. Long-term debt was $1 billion compared with $986.6 million at the end of the prior fiscal quarter.
Net cash provided by operating activities totaled $40.7 million for the reported quarter. Free cash flow came in at $22.6 million.
Dividend Payout & Share Repurchase
ABM Industries’ board of directors declared a quarterly cash dividend of 19.5 cents per share. The dividend will be paid out on Nov 7, 2022, to its stockholders of record as of Oct 6, 2022. This marked the 226th consecutive quarterly cash dividend by ABM.
During the reported quarter, ABM repurchased 0.7 million shares at an average price of $41.92, for a total cost of $31.2 million.
Fiscal 2022 Guidance
For fiscal 2022, ABM Industries updated its guidance for adjusted EPS guidance, now expected in the range of $3.60-$3.70 (prior view: $3.50-$3.70) per share.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -13.48% due to these changes.
VGM Scores
Currently, ABM Industries has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise ABM Industries has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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ABM Industries Incorporated (ABM) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Quarterly results benefited from accretive acquisitions, solid demand for ABM’s core janitorial and engineering services, and continued strong growth in eMobility. A month has gone by since the last earnings report for ABM Industries (ABM). Will the recent positive trend continue leading up to its next earnings release, or is ABM Industries due for a pullback? | ABM Industries Surpasses Q3 Earnings Estimates ABM Industries reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimates. Balance Sheet & Cash Flow ABM Industries exited third-quarter fiscal 2022 with cash and cash equivalents of $63.9 million compared with $48.9 million at the end of the prior fiscal quarter. A month has gone by since the last earnings report for ABM Industries (ABM). | ABM Industries Surpasses Q3 Earnings Estimates ABM Industries reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimates. Balance Sheet & Cash Flow ABM Industries exited third-quarter fiscal 2022 with cash and cash equivalents of $63.9 million compared with $48.9 million at the end of the prior fiscal quarter. A month has gone by since the last earnings report for ABM Industries (ABM). | A month has gone by since the last earnings report for ABM Industries (ABM). ABM Industries Surpasses Q3 Earnings Estimates ABM Industries reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimates. Will the recent positive trend continue leading up to its next earnings release, or is ABM Industries due for a pullback? |
29179.0 | 2023-01-11 00:00:00 UTC | New Strong Sell Stocks for January 11th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-january-11th-0 | nan | nan | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
AppLovin APP provides technology platform which enables developers to market, monetize, analyze and publish their apps. The Zacks Consensus Estimate for its current year earnings has been revised 78.6% downward over the last 60 days.
ACI Worldwide ACIW is a software company that develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments to banks, merchants, and billers worldwide. The Zacks Consensus Estimate for its current year earnings has been revised 12.1% downward over the last 60 days.
ABM Industries ABM is provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. The Zacks Consensus Estimate for its current year earnings has been revised almost 5.9% downward over the last 60 days.
View the entire Zacks Rank #5 List.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries ABM is provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report ACI Worldwide, Inc. (ACIW) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 12.1% downward over the last 60 days. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report ACI Worldwide, Inc. (ACIW) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. The Zacks Consensus Estimate for its current year earnings has been revised 78.6% downward over the last 60 days. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report ACI Worldwide, Inc. (ACIW) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: AppLovin APP provides technology platform which enables developers to market, monetize, analyze and publish their apps. | Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report ACI Worldwide, Inc. (ACIW) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries ABM is provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. Today, you can download 7 Best Stocks for the Next 30 Days. |
29180.0 | 2023-01-03 00:00:00 UTC | Ex-Dividend Reminder: ABM Industries, Encore Wire and Royal Gold | ABM | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-abm-industries-encore-wire-and-royal-gold | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 1/4/23, ABM Industries, Inc. (Symbol: ABM), Encore Wire Corp. (Symbol: WIRE), and Royal Gold Inc (Symbol: RGLD) will all trade ex-dividend for their respective upcoming dividends. ABM Industries, Inc. will pay its quarterly dividend of $0.22 on 2/6/23, Encore Wire Corp. will pay its quarterly dividend of $0.02 on 1/20/23, and Royal Gold Inc will pay its quarterly dividend of $0.375 on 1/20/23. As a percentage of ABM's recent stock price of $44.71, this dividend works out to approximately 0.49%, so look for shares of ABM Industries, Inc. to trade 0.49% lower — all else being equal — when ABM shares open for trading on 1/4/23. Similarly, investors should look for WIRE to open 0.01% lower in price and for RGLD to open 0.33% lower, all else being equal.
Below are dividend history charts for ABM, WIRE, and RGLD, showing historical dividends prior to the most recent ones declared.
ABM Industries, Inc. (Symbol: ABM):
Encore Wire Corp. (Symbol: WIRE):
Royal Gold Inc (Symbol: RGLD):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.97% for ABM Industries, Inc., 0.06% for Encore Wire Corp., and 1.30% for Royal Gold Inc.
In Tuesday trading, ABM Industries, Inc. shares are currently up about 0.7%, Encore Wire Corp. shares are up about 0.9%, and Royal Gold Inc shares are up about 2.3% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | If they do continue, the current estimated yields on annualized basis would be 1.97% for ABM Industries, Inc., 0.06% for Encore Wire Corp., and 1.30% for Royal Gold Inc. Looking at the universe of stocks we cover at Dividend Channel, on 1/4/23, ABM Industries, Inc. (Symbol: ABM), Encore Wire Corp. (Symbol: WIRE), and Royal Gold Inc (Symbol: RGLD) will all trade ex-dividend for their respective upcoming dividends. ABM Industries, Inc. will pay its quarterly dividend of $0.22 on 2/6/23, Encore Wire Corp. will pay its quarterly dividend of $0.02 on 1/20/23, and Royal Gold Inc will pay its quarterly dividend of $0.375 on 1/20/23. | Looking at the universe of stocks we cover at Dividend Channel, on 1/4/23, ABM Industries, Inc. (Symbol: ABM), Encore Wire Corp. (Symbol: WIRE), and Royal Gold Inc (Symbol: RGLD) will all trade ex-dividend for their respective upcoming dividends. ABM Industries, Inc. will pay its quarterly dividend of $0.22 on 2/6/23, Encore Wire Corp. will pay its quarterly dividend of $0.02 on 1/20/23, and Royal Gold Inc will pay its quarterly dividend of $0.375 on 1/20/23. ABM Industries, Inc. (Symbol: ABM): Encore Wire Corp. (Symbol: WIRE): Royal Gold Inc (Symbol: RGLD): In general, dividends are not always predictable, following the ups and downs of company profits over time. | Looking at the universe of stocks we cover at Dividend Channel, on 1/4/23, ABM Industries, Inc. (Symbol: ABM), Encore Wire Corp. (Symbol: WIRE), and Royal Gold Inc (Symbol: RGLD) will all trade ex-dividend for their respective upcoming dividends. ABM Industries, Inc. will pay its quarterly dividend of $0.22 on 2/6/23, Encore Wire Corp. will pay its quarterly dividend of $0.02 on 1/20/23, and Royal Gold Inc will pay its quarterly dividend of $0.375 on 1/20/23. ABM Industries, Inc. (Symbol: ABM): Encore Wire Corp. (Symbol: WIRE): Royal Gold Inc (Symbol: RGLD): In general, dividends are not always predictable, following the ups and downs of company profits over time. | Looking at the universe of stocks we cover at Dividend Channel, on 1/4/23, ABM Industries, Inc. (Symbol: ABM), Encore Wire Corp. (Symbol: WIRE), and Royal Gold Inc (Symbol: RGLD) will all trade ex-dividend for their respective upcoming dividends. As a percentage of ABM's recent stock price of $44.71, this dividend works out to approximately 0.49%, so look for shares of ABM Industries, Inc. to trade 0.49% lower — all else being equal — when ABM shares open for trading on 1/4/23. ABM Industries, Inc. will pay its quarterly dividend of $0.22 on 2/6/23, Encore Wire Corp. will pay its quarterly dividend of $0.02 on 1/20/23, and Royal Gold Inc will pay its quarterly dividend of $0.375 on 1/20/23. |
29181.0 | 2022-12-23 00:00:00 UTC | ABM Industries a Top Ranked SAFE Dividend Stock With 2.0% Yield (ABM) | ABM | https://www.nasdaq.com/articles/abm-industries-a-top-ranked-safe-dividend-stock-with-2.0-yield-abm | nan | nan | ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.0% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.66% of the SPDR S&P Dividend ETF (SDY), which holds $155,681,009 worth of ABM shares.
ABM Industries, Inc. (Symbol: ABM) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by ABM Industries, Inc. is $0.88/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/04/2023. Below is a long-term dividend history chart for ABM, which the report stressed as being of key importance.
ABM operates in the Business Services & Equipment sector, among companies like Visa Inc (V), and Mastercard Inc (MA).
Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »
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Funds Holding GSOL
WGO Historical Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Below is a long-term dividend history chart for ABM, which the report stressed as being of key importance. ABM operates in the Business Services & Equipment sector, among companies like Visa Inc (V), and Mastercard Inc (MA). ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. | ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. ABM Industries, Inc. (Symbol: ABM) made the "Dividend Channel S.A.F.E. According to the ETF Finder at ETF Channel, ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.66% of the SPDR S&P Dividend ETF (SDY), which holds $155,681,009 worth of ABM shares. | According to the ETF Finder at ETF Channel, ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.66% of the SPDR S&P Dividend ETF (SDY), which holds $155,681,009 worth of ABM shares. The annualized dividend paid by ABM Industries, Inc. is $0.88/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/04/2023. ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. | ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. According to the ETF Finder at ETF Channel, ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.66% of the SPDR S&P Dividend ETF (SDY), which holds $155,681,009 worth of ABM shares. ABM Industries, Inc. (Symbol: ABM) made the "Dividend Channel S.A.F.E. |
29182.0 | 2022-12-15 00:00:00 UTC | 5 Dividend Aristocrats Where Analysts See Capital Gains | ABM | https://www.nasdaq.com/articles/5-dividend-aristocrats-where-analysts-see-capital-gains-59 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
ABM Industries, Inc. (Symbol: ABM) $44.21 $56.50 27.80%
Medtronic PLC (Symbol: MDT) $78.79 $90.28 14.58%
UGI Corp. (Symbol: UGI) $38.84 $44.00 13.29%
Nordson Corp. (Symbol: NDSN) $235.91 $264.33 12.05%
United Bankshares Inc (Symbol: UBSI) $39.28 $42.33 7.77%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
ABM Industries, Inc. (Symbol: ABM) 1.99% 27.80% 29.79%
Medtronic PLC (Symbol: MDT) 3.45% 14.58% 18.03%
UGI Corp. (Symbol: UGI) 3.71% 13.29% 17%
Nordson Corp. (Symbol: NDSN) 1.10% 12.05% 13.15%
United Bankshares Inc (Symbol: UBSI) 3.67% 7.77% 11.44%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63%
Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26%
UGI Corp. (Symbol: UGI) $1.365 $1.425 4.40%
Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76%
United Bankshares Inc (Symbol: UBSI) $1.41 $1.44 2.13%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries, Inc. (Symbol: ABM) $44.21 $56.50 27.80% Medtronic PLC (Symbol: MDT) $78.79 $90.28 14.58% UGI Corp. (Symbol: UGI) $38.84 $44.00 13.29% Nordson Corp. (Symbol: NDSN) $235.91 $264.33 12.05% United Bankshares Inc (Symbol: UBSI) $39.28 $42.33 7.77% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 1.99% 27.80% 29.79% Medtronic PLC (Symbol: MDT) 3.45% 14.58% 18.03% UGI Corp. (Symbol: UGI) 3.71% 13.29% 17% Nordson Corp. (Symbol: NDSN) 1.10% 12.05% 13.15% United Bankshares Inc (Symbol: UBSI) 3.67% 7.77% 11.44% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% UGI Corp. (Symbol: UGI) $1.365 $1.425 4.40% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% United Bankshares Inc (Symbol: UBSI) $1.41 $1.44 2.13% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $44.21 $56.50 27.80% Medtronic PLC (Symbol: MDT) $78.79 $90.28 14.58% UGI Corp. (Symbol: UGI) $38.84 $44.00 13.29% Nordson Corp. (Symbol: NDSN) $235.91 $264.33 12.05% United Bankshares Inc (Symbol: UBSI) $39.28 $42.33 7.77% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 1.99% 27.80% 29.79% Medtronic PLC (Symbol: MDT) 3.45% 14.58% 18.03% UGI Corp. (Symbol: UGI) 3.71% 13.29% 17% Nordson Corp. (Symbol: NDSN) 1.10% 12.05% 13.15% United Bankshares Inc (Symbol: UBSI) 3.67% 7.77% 11.44% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% UGI Corp. (Symbol: UGI) $1.365 $1.425 4.40% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% United Bankshares Inc (Symbol: UBSI) $1.41 $1.44 2.13% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $44.21 $56.50 27.80% Medtronic PLC (Symbol: MDT) $78.79 $90.28 14.58% UGI Corp. (Symbol: UGI) $38.84 $44.00 13.29% Nordson Corp. (Symbol: NDSN) $235.91 $264.33 12.05% United Bankshares Inc (Symbol: UBSI) $39.28 $42.33 7.77% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 1.99% 27.80% 29.79% Medtronic PLC (Symbol: MDT) 3.45% 14.58% 18.03% UGI Corp. (Symbol: UGI) 3.71% 13.29% 17% Nordson Corp. (Symbol: NDSN) 1.10% 12.05% 13.15% United Bankshares Inc (Symbol: UBSI) 3.67% 7.77% 11.44% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% UGI Corp. (Symbol: UGI) $1.365 $1.425 4.40% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% United Bankshares Inc (Symbol: UBSI) $1.41 $1.44 2.13% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $44.21 $56.50 27.80% Medtronic PLC (Symbol: MDT) $78.79 $90.28 14.58% UGI Corp. (Symbol: UGI) $38.84 $44.00 13.29% Nordson Corp. (Symbol: NDSN) $235.91 $264.33 12.05% United Bankshares Inc (Symbol: UBSI) $39.28 $42.33 7.77% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 1.99% 27.80% 29.79% Medtronic PLC (Symbol: MDT) 3.45% 14.58% 18.03% UGI Corp. (Symbol: UGI) 3.71% 13.29% 17% Nordson Corp. (Symbol: NDSN) 1.10% 12.05% 13.15% United Bankshares Inc (Symbol: UBSI) 3.67% 7.77% 11.44% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% UGI Corp. (Symbol: UGI) $1.365 $1.425 4.40% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% United Bankshares Inc (Symbol: UBSI) $1.41 $1.44 2.13% These five stocks are part of our full Dividend Aristocrats List. |
29183.0 | 2022-12-14 00:00:00 UTC | ABM Industries (ABM) Q4 Earnings Meet Estimates, Up Y/Y | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q4-earnings-meet-estimates-up-y-y | nan | nan | ABM Industries Inc. ABM fourth-quarter fiscal 2022 earnings met the Zacks Consensus Estimate while revenues beat the same.
Adjusted earnings (excluding 16 cents from non-recurring items) from continuing operations came in at 89 cents per share and increased 4.7% from last fiscal year’s quarterly figure. The bottom line benefited from higher segment earnings on significantly higher volume and lower acquisition and integration costs, partially offset by higher interest expense and ELEVATE transformation costs.
Total revenues of $2.01 billion surpassed the consensus estimate by 1.6% and improved 18.6% from last fiscal year’s quarterly figure. The upside was backed by solid demand across ABM’s Business & Industry, Aviation, Manufacturing & Distribution, Education and Technical Solutions segments, especially in its eMobility business. Quarterly revenue growth included 6% organic growth and a 13% upside from acquisitions.
So far this year, shares of ABM Industries have gained 11.6% compared with 14.7% rise of the industry it belongs to.
Image Source: Zacks Investment Research
Segment-Wise Revenues
Business & Industry segment’s revenues increased 27.5% from last fiscal year’s quarterly figure to $1.03 billion. Revenues from Manufacturing & Distribution rose 8.7% from last fiscal year’s quarterly figure to $371.2 million. Aviation’s revenues increased 9.1% from last fiscal year’s quarterly figure to $214.4 million. Technical Solutions’ revenues increased 21.5% from last fiscal year’s quarterly figure to $179.6 million. Education segment’s revenues of $217.1 million increased 6.9% from the prior-year fiscal quarter’s level.
Operating Results
Adjusted EBITDA came in at $130.7 million compared with $111.2 million in the year-ago quarter. Adjusted EBITDA margin was flat at 6.8%.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote
Operating expenses increased 21.2% from the year-ago figure to $1.75 billion. Selling, general and administrative expenses declined 11.7% from the year-ago level to $159.7 million.
Balance Sheet & Cash Flow
ABM Industries exited fourth-quarter fiscal 2022 with cash and cash equivalents of $73 million compared with $63.9 million at the end of the prior fiscal quarter. Long-term debt was $1.1 billion compared with $1 billion at the end of the prior fiscal quarter.
Net cash provided by operating activities totaled $117.1 million for the reported quarter. Free cash flow came in at $104.1 million.
During the reported quarter, ABM repurchased 0.6 million shares at an average price of $39.69, for a total cost of $23 million.
During the reported quarter, ABM paid out dividend worth $12.8 million.
Fiscal 2023 Guidance
For fiscal 2023, ABM Industries expects adjusted EPS to be in the range of $3.40-$3.60. The midpoint of the guided range ($3.50 per share) lies below the Zacks Consensus Estimate of $3.66 per share. Adjusted EBITDA margin is anticipated to be in the range of 6.4-6.8%. Interest expense is expected to be in the range of $71-$74 million for fiscal 2023.
Currently, ABM Industries carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
Omnicom Group Inc. OMC reported impressive third-quarter 2022 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate.
Earnings of $1.77 per share beat the Zacks Consensus Estimate by 7.9% and increased 7.3% year over year, driven by a solid margin performance. Total revenues of $3.4 billion surpassed the Zacks Consensus Estimate by 3% and increased slightly on a year-over-year basis.
Equifax Inc. EFX reported stellar third-quarter 2022 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate.
Adjusted earnings (excluding 39 cents from non-recurring items) of $1.73 per share beat the Zacks Consensus Estimate by 5.5% but decreased 6.5% on a year-over-year basis. However, revenues of $1.24 billion beat the Zacks Consensus Estimate by 2.3% and improved 1.8% year over year on a reported basis and 4% on a local-currency basis.
The Interpublic Group of Companies, Inc. IPG reported better-than-expected third-quarter 2022 results.
Adjusted earnings (excluding a penny from non-recurring items) of 63 cents per share beat the Zacks Consensus Estimate by 6.8%. The bottom line has been flat over the past year. Net revenues of $2.3 billion beat the consensus estimate by 0.3% but declined 9.7% on a year-over-year basis. Total revenues of $2.64 billion increased 3.8% year over year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Inc. ABM fourth-quarter fiscal 2022 earnings met the Zacks Consensus Estimate while revenues beat the same. The upside was backed by solid demand across ABM’s Business & Industry, Aviation, Manufacturing & Distribution, Education and Technical Solutions segments, especially in its eMobility business. So far this year, shares of ABM Industries have gained 11.6% compared with 14.7% rise of the industry it belongs to. | ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Operating expenses increased 21.2% from the year-ago figure to $1.75 billion. The (IPG) : Free Stock Analysis Report Equifax, Inc. (EFX) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc. ABM fourth-quarter fiscal 2022 earnings met the Zacks Consensus Estimate while revenues beat the same. | ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Operating expenses increased 21.2% from the year-ago figure to $1.75 billion. The (IPG) : Free Stock Analysis Report Equifax, Inc. (EFX) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc. ABM fourth-quarter fiscal 2022 earnings met the Zacks Consensus Estimate while revenues beat the same. | ABM Industries Inc. ABM fourth-quarter fiscal 2022 earnings met the Zacks Consensus Estimate while revenues beat the same. The upside was backed by solid demand across ABM’s Business & Industry, Aviation, Manufacturing & Distribution, Education and Technical Solutions segments, especially in its eMobility business. So far this year, shares of ABM Industries have gained 11.6% compared with 14.7% rise of the industry it belongs to. |
29184.0 | 2022-12-13 00:00:00 UTC | Reliable Passive Income: an Analysis on Dividend Kings | ABM | https://www.nasdaq.com/articles/reliable-passive-income%3A-an-analysis-on-dividend-kings | nan | nan | In this video, Motley Fool Contributor, Mark Roussin, analyzes all 47 Dividend King stocks. These companies are a great way to diversify your portfolio with a proven track record for dividend payments.
Dividend Kings include the likes of Johnson & Johnson (NYSE: JNJ), Coca-Cola Co (NYSE: KO), Procter & Gamble (NYSE: PG), and Altria Group (NYSE: MO)to name a few.
Check out the video below to see every Dividend King and consider subscribing to the channel.
*Stock prices used were end-of-day prices of Dec. 9, 2022. The video was published on Dec. 12, 2022.
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Mark Roussin, CPA has positions in 3m, AbbVie, Altria Group, Coca-Cola, and Johnson & Johnson. The Motley Fool has positions in and recommends Abbott Laboratories, Emerson Electric, and Target. The Motley Fool recommends 3m, Becton, Dickinson And, Johnson & Johnson, Lowe's Companies, and Tennant and recommends the following options: long January 2023 $50 calls on Sysco, long January 2024 $47.50 calls on Coca-Cola, and short January 2023 $85 calls on Sysco. The Motley Fool has a disclosure policy. Mark Roussin is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In this video, Motley Fool Contributor, Mark Roussin, analyzes all 47 Dividend King stocks. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Abbott Laboratories, Emerson Electric, and Target. | In this video, Motley Fool Contributor, Mark Roussin, analyzes all 47 Dividend King stocks. Dividend Kings include the likes of Johnson & Johnson (NYSE: JNJ), Coca-Cola Co (NYSE: KO), Procter & Gamble (NYSE: PG), and Altria Group (NYSE: MO)to name a few. The Motley Fool recommends 3m, Becton, Dickinson And, Johnson & Johnson, Lowe's Companies, and Tennant and recommends the following options: long January 2023 $50 calls on Sysco, long January 2024 $47.50 calls on Coca-Cola, and short January 2023 $85 calls on Sysco. | In this video, Motley Fool Contributor, Mark Roussin, analyzes all 47 Dividend King stocks. See the 10 stocks *Stock Advisor returns as of December 1, 2022 Mark Roussin, CPA has positions in 3m, AbbVie, Altria Group, Coca-Cola, and Johnson & Johnson. The Motley Fool recommends 3m, Becton, Dickinson And, Johnson & Johnson, Lowe's Companies, and Tennant and recommends the following options: long January 2023 $50 calls on Sysco, long January 2024 $47.50 calls on Coca-Cola, and short January 2023 $85 calls on Sysco. | Check out the video below to see every Dividend King and consider subscribing to the channel. See the 10 stocks *Stock Advisor returns as of December 1, 2022 Mark Roussin, CPA has positions in 3m, AbbVie, Altria Group, Coca-Cola, and Johnson & Johnson. Their opinions remain their own and are unaffected by The Motley Fool. |
29185.0 | 2022-12-13 00:00:00 UTC | After-Hours Earnings Report for December 13, 2022 : ABM, BRZE, ALCO, PHX, CSBR, ASPU | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-for-december-13-2022-%3A-abm-brze-alco-phx-csbr-aspu | nan | nan | The following companies are expected to report earnings after hours on 12/13/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
ABM Industries Incorporated (ABM)is reporting for the quarter ending October 31, 2022. The building maintenance & services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.89. This value represents a 4.71% increase compared to the same quarter last year. In the past year ABM has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 3.3%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 12.48 vs. an industry ratio of 26.10.
Braze, Inc. (BRZE)is reporting for the quarter ending October 31, 2022. The technology services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.40. This value represents a 4.76% increase compared to the same quarter last year. BRZE missed the consensus earnings per share in the 1st calendar quarter of 2022 by -48.65%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for BRZE is -19.07 vs. an industry ratio of 6.20.
Alico, Inc. (ALCO)is reporting for the quarter ending September 30, 2022. The agriculture company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.25. This value represents a 24.24% increase compared to the same quarter last year. ALCO missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -450%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ALCO is -39.53 vs. an industry ratio of 24.50.
PHX Minerals Inc. (PHX)is reporting for the quarter ending September 30, 2022. The oil company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.19. This value represents a 190.48% increase compared to the same quarter last year. PHX missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -400%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for PHX is 7.98 vs. an industry ratio of 12.30.
Champions Oncology, Inc. (CSBR)is reporting for the quarter ending October 31, 2022. The drug company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.01. This value represents a 50.00% decrease compared to the same quarter last year. The last two quarters CSBR had negative earnings surprises; the latest report they missed by -300%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CSBR is 42.27 vs. an industry ratio of 0.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Aspen Group Inc. (ASPU)is reporting for the quarter ending October 31, 2022. The internet services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.09. This value represents a 18.18% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ASPU is -0.88 vs. an industry ratio of 14.10.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated (ABM)is reporting for the quarter ending October 31, 2022. In the past year ABM has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 12.48 vs. an industry ratio of 26.10. | Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 12.48 vs. an industry ratio of 26.10. ABM Industries Incorporated (ABM)is reporting for the quarter ending October 31, 2022. In the past year ABM has beat the expectations every quarter. | Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 12.48 vs. an industry ratio of 26.10. ABM Industries Incorporated (ABM)is reporting for the quarter ending October 31, 2022. In the past year ABM has beat the expectations every quarter. | In the past year ABM has beat the expectations every quarter. ABM Industries Incorporated (ABM)is reporting for the quarter ending October 31, 2022. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 12.48 vs. an industry ratio of 26.10. |
29186.0 | 2022-12-13 00:00:00 UTC | ABM Industries (ABM) Matches Q4 Earnings Estimates | ABM | https://www.nasdaq.com/articles/abm-industries-abm-matches-q4-earnings-estimates | nan | nan | ABM Industries (ABM) came out with quarterly earnings of $0.89 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this provider of cleaning and other maintenance services for commercial buildings, hospitals and airports would post earnings of $0.91 per share when it actually produced earnings of $0.94, delivering a surprise of 3.30%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $2.01 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 1.59%. This compares to year-ago revenues of $1.7 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
ABM Industries shares have added about 11.8% since the beginning of the year versus the S&P 500's decline of -16.3%.
What's Next for ABM Industries?
While ABM Industries has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ABM Industries: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.89 on $2.05 billion in revenues for the coming quarter and $3.73 on $8.2 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Maintenance Service is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Business Services sector, FactSet Research (FDS), is yet to report results for the quarter ended November 2022. The results are expected to be released on December 20.
This financial data firm is expected to post quarterly earnings of $3.58 per share in its upcoming report, which represents a year-over-year change of +10.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
FactSet Research's revenues are expected to be $510.88 million, up 20.3% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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ABM Industries Incorporated (ABM) : Free Stock Analysis Report
FactSet Research Systems Inc. (FDS) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries (ABM) came out with quarterly earnings of $0.89 per share, in line with the Zacks Consensus Estimate. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $2.01 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 1.59%. ABM Industries shares have added about 11.8% since the beginning of the year versus the S&P 500's decline of -16.3%. | ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $2.01 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 1.59%. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report FactSet Research Systems Inc. (FDS) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries (ABM) came out with quarterly earnings of $0.89 per share, in line with the Zacks Consensus Estimate. | ABM Industries (ABM) came out with quarterly earnings of $0.89 per share, in line with the Zacks Consensus Estimate. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $2.01 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 1.59%. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report FactSet Research Systems Inc. (FDS) : Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries (ABM) came out with quarterly earnings of $0.89 per share, in line with the Zacks Consensus Estimate. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $2.01 billion for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 1.59%. ABM Industries shares have added about 11.8% since the beginning of the year versus the S&P 500's decline of -16.3%. |
29187.0 | 2022-12-13 00:00:00 UTC | 2 Stocks Moving After the Market Rally Fizzled Out | ABM | https://www.nasdaq.com/articles/2-stocks-moving-after-the-market-rally-fizzled-out | nan | nan | Investors had a topsy-turvy day on Tuesday, with the stock market initially soaring on news that consumer price inflation cooled off in November. Yet after a more than 700-point rise for the Dow Jones Industrial Average (DJINDICES: ^DJI) early on, gains faded throughout the day, although the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) still finished with gains at or near the 1% mark.
INDEX
DAILY PERCENTAGE CHANGE
DAILY POINT CHANGE
Dow
+0.30%
+104
S&P 500
+0.73%
+29
Nasdaq
+1.01%
+113
Data source: Yahoo! Finance.
This week has a fairly light schedule of companies announcing their latest financial results, but there were a couple of stocks that saw sizable moves in after-hours trading following their release of quarterly reports. Both ABM Industries (NYSE: ABM) and Braze (NASDAQ: BRZE) lost ground after telling their shareholders about their recent performance. Below, you'll learn more about both stocks and what they had to say to investors Tuesday.
ABM loses altitude
Shares of ABM Industries were down about 3.5% in after-hours trading late Tuesday. The provider of facility solutions for airports, schools, hospitals, commercial buildings, and other spaces reported fiscal fourth-quarter financial results for the period ending Oct. 31 that featured modest gains but pointed to potential challenges ahead.
ABM's quarterly numbers were solid. Revenue of $2.01 billion was up 19% year over year, with acquisitions being responsible for the bulk of the top-line growth. Organic revenue rose 6%, with strength in ABM's technical solutions and aviation segments. Adjusted net income of $59.4 million rose 2% from year-ago levels and worked out to $0.89 per share, as higher interest expense figures weighed on profit growth.
More broadly, ABM has plans to keep broadening its business with a cloud-based enterprise-resource planning system and workforce management tools. By getting more involved in digital transformation, ABM hopes to tap into a bigger addressable market and boost margins. Moreover, the acquisition of customized micro-grid solutions provider RavenVolt could also expand ABM's customer base and open up cross-selling opportunities.
ABM's guidance for fiscal 2023 wasn't entirely upbeat, with labor-related pressures holding back the business. Adjusted earnings next year of $3.40 to $3.60 per share would be slightly below the final figure of $3.66 per share for the just-completed fiscal year 2022. Even as shareholders had some doubts, though, ABM remains confident in its longer-term strategic vision.
Braze looks to make connections
Shares of Braze were down about 2.5% late Tuesday in after-hours trading, giving back gains from the regular trading session. The customer-engagement platform provider's third-quarter financial report for the period ending Oct. 31 didn't entirely live up to expectations despite showing ongoing strong growth.
Braze saw impressive top-line growth, with revenue climbing 46% year over year to $93 million. Subscription-based revenue for the software as a service (SaaS) stock grew at an even faster 50% annual rate, and Braze sported remaining performance obligations of more than $408 million at the end of October. Adjusted losses narrowed slightly to $0.15 per share.
Braze's business metrics were solid. Dollar-based net-retention rates came in at 126%, matching year-ago levels. The company now sports more than 1,700 customers, including 148 generating annual recurring revenue of at least $500,000. With big business wins from clients like sports-betting company FanDuel and fast-casual restaurant chain Panera Bread, Braze is building up momentum in its core business.
Investors can't expect profits in the near term, though, with projections for the full 2023 fiscal year coming in with losses of $0.68 to $0.69 per share on revenue of $352 million to $353 million. Braze has a track record of giving slightly downbeat guidance, but its stock performance over the past month shows some investors seem to think the company might finally be in a position to rebound from steep losses in 2022.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Both ABM Industries (NYSE: ABM) and Braze (NASDAQ: BRZE) lost ground after telling their shareholders about their recent performance. ABM loses altitude Shares of ABM Industries were down about 3.5% in after-hours trading late Tuesday. ABM's quarterly numbers were solid. | Both ABM Industries (NYSE: ABM) and Braze (NASDAQ: BRZE) lost ground after telling their shareholders about their recent performance. ABM loses altitude Shares of ABM Industries were down about 3.5% in after-hours trading late Tuesday. ABM's quarterly numbers were solid. | Both ABM Industries (NYSE: ABM) and Braze (NASDAQ: BRZE) lost ground after telling their shareholders about their recent performance. ABM loses altitude Shares of ABM Industries were down about 3.5% in after-hours trading late Tuesday. 10 stocks we like better than ABM Industries When our award-winning analyst team has a stock tip, it can pay to listen. | * They just revealed what they believe are the ten best stocks for investors to buy right now... and ABM Industries wasn't one of them! Both ABM Industries (NYSE: ABM) and Braze (NASDAQ: BRZE) lost ground after telling their shareholders about their recent performance. ABM loses altitude Shares of ABM Industries were down about 3.5% in after-hours trading late Tuesday. |
29188.0 | 2022-12-01 00:00:00 UTC | Here's Why You Should Hold ABM Industries (ABM) Stock Now | ABM | https://www.nasdaq.com/articles/heres-why-you-should-hold-abm-industries-abm-stock-now | nan | nan | ABM Industries Incorporated ABM is benefiting from strategic acquisitions and investor-friendly steps.
ABM’s earnings are anticipated to grow 2.2% and 1.8% in 2022 and 2023, respectively.
Factors That Augur Well
ABM Industries' strategy entails growth through strategic acquisitions and organic investment. The recent acquisition of RavenVolt is part of ABM’s ELEVATE strategy that focuses on expanding the company’s footprint in potential geographies and end markets. The acquisition will help to expand ABM’s Technical Solutions service offerings, strengthening its foothold in EV infrastructure, power and bundled energy solutions markets.
RavenVolt will also boost ABM’S eMobility business as a provider of customized power solutions in facilities that require additional power generation capacity to support EV charging.
ABM Industries’ endeavors in rewarding its shareholders through dividend payments and share repurchases are also impressing. In fiscal 2021, ABM paid out $51 million of dividends but did not repurchase any shares. In fiscal 2020, ABM returned $49.3 million through dividend payments and $5.1 million through share buybacks. Such moves indicate ABM’s commitment to create its shareholder value and underline its confidence in its business. Apart from instilling investors’ confidence in the stock such initiatives also impact the EPS positively .
Some Risks
ABM Industries' current ratio at the end of the July quarter was pegged at 1.21, lower than the current ratio of 1.45 reported at the end of the prior-year quarter. A decreasing current ratio is not desirable as it suggests a company’s inefficiency in serving its short-term debt obligations.
Zacks Rank and Stocks to Consider
ABM Industries currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the broader Zacks Business Services sector are Booz Allen Hamilton Holding Corporation BAH and Cross Country Healthcare, Inc. CCRN.
Booz Allen carries a Zacks Rank #2 (Buy) at present. BAH has a long-term earnings growth expectation of 8.9%.
Booz Allen delivered a trailing four-quarter earnings surprise of 8.8%, on average.
Cross Country Healthcare is currently Zacks #2 Ranked. CCRN has a long-term earnings growth expectation of 6%.
CCRN delivered a trailing four-quarter earnings surprise of 10.1%, on average.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ABM Industries Incorporated (ABM) : Free Stock Analysis Report
Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report
Cross Country Healthcare, Inc. (CCRN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The recent acquisition of RavenVolt is part of ABM’s ELEVATE strategy that focuses on expanding the company’s footprint in potential geographies and end markets. ABM Industries Incorporated ABM is benefiting from strategic acquisitions and investor-friendly steps. ABM’s earnings are anticipated to grow 2.2% and 1.8% in 2022 and 2023, respectively. | Zacks Rank and Stocks to Consider ABM Industries currently carries a Zacks Rank #3 (Hold). Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report Cross Country Healthcare, Inc. (CCRN) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is benefiting from strategic acquisitions and investor-friendly steps. | Zacks Rank and Stocks to Consider ABM Industries currently carries a Zacks Rank #3 (Hold). Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report Cross Country Healthcare, Inc. (CCRN) : Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is benefiting from strategic acquisitions and investor-friendly steps. | Factors That Augur Well ABM Industries' strategy entails growth through strategic acquisitions and organic investment. ABM Industries’ endeavors in rewarding its shareholders through dividend payments and share repurchases are also impressing. Zacks Rank and Stocks to Consider ABM Industries currently carries a Zacks Rank #3 (Hold). |
29189.0 | 2022-11-17 00:00:00 UTC | ABM Crosses Below Key Moving Average Level | ABM | https://www.nasdaq.com/articles/abm-crosses-below-key-moving-average-level | nan | nan | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $44.43, changing hands as low as $43.53 per share. ABM Industries, Inc. shares are currently trading down about 2.2% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average:
Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $43.88.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $44.43, changing hands as low as $43.53 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $43.88. ABM Industries, Inc. shares are currently trading down about 2.2% on the day. | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $44.43, changing hands as low as $43.53 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $43.88. ABM Industries, Inc. shares are currently trading down about 2.2% on the day. | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $44.43, changing hands as low as $43.53 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $43.88. ABM Industries, Inc. shares are currently trading down about 2.2% on the day. | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $44.43, changing hands as low as $43.53 per share. ABM Industries, Inc. shares are currently trading down about 2.2% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.68 per share, with $54 as the 52 week high point — that compares with a last trade of $43.88. |
29190.0 | 2022-11-14 00:00:00 UTC | 5 Dividend Growth Stocks With Upside To Analyst Targets | ABM | https://www.nasdaq.com/articles/5-dividend-growth-stocks-with-upside-to-analyst-targets-55 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
ABM Industries, Inc. (Symbol: ABM) $44.80 $56.50 26.12%
Medtronic PLC (Symbol: MDT) $83.55 $104.21 24.73%
UGI Corp. (Symbol: UGI) $37.29 $43.75 17.32%
Pentair PLC (Symbol: PNR) $46.69 $53.08 13.69%
Nordson Corp. (Symbol: NDSN) $236.55 $264.33 11.75%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
ABM Industries, Inc. (Symbol: ABM) 1.74% 26.12% 27.86%
Medtronic PLC (Symbol: MDT) 3.26% 24.73% 27.99%
UGI Corp. (Symbol: UGI) 3.86% 17.32% 21.18%
Pentair PLC (Symbol: PNR) 1.80% 13.69% 15.49%
Nordson Corp. (Symbol: NDSN) 1.10% 11.75% 12.85%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63%
Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26%
UGI Corp. (Symbol: UGI) $1.35 $1.41 4.44%
Pentair PLC (Symbol: PNR) $0.8 $0.84 5.00%
Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries, Inc. (Symbol: ABM) $44.80 $56.50 26.12% Medtronic PLC (Symbol: MDT) $83.55 $104.21 24.73% UGI Corp. (Symbol: UGI) $37.29 $43.75 17.32% Pentair PLC (Symbol: PNR) $46.69 $53.08 13.69% Nordson Corp. (Symbol: NDSN) $236.55 $264.33 11.75% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 1.74% 26.12% 27.86% Medtronic PLC (Symbol: MDT) 3.26% 24.73% 27.99% UGI Corp. (Symbol: UGI) 3.86% 17.32% 21.18% Pentair PLC (Symbol: PNR) 1.80% 13.69% 15.49% Nordson Corp. (Symbol: NDSN) 1.10% 11.75% 12.85% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% UGI Corp. (Symbol: UGI) $1.35 $1.41 4.44% Pentair PLC (Symbol: PNR) $0.8 $0.84 5.00% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $44.80 $56.50 26.12% Medtronic PLC (Symbol: MDT) $83.55 $104.21 24.73% UGI Corp. (Symbol: UGI) $37.29 $43.75 17.32% Pentair PLC (Symbol: PNR) $46.69 $53.08 13.69% Nordson Corp. (Symbol: NDSN) $236.55 $264.33 11.75% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 1.74% 26.12% 27.86% Medtronic PLC (Symbol: MDT) 3.26% 24.73% 27.99% UGI Corp. (Symbol: UGI) 3.86% 17.32% 21.18% Pentair PLC (Symbol: PNR) 1.80% 13.69% 15.49% Nordson Corp. (Symbol: NDSN) 1.10% 11.75% 12.85% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% UGI Corp. (Symbol: UGI) $1.35 $1.41 4.44% Pentair PLC (Symbol: PNR) $0.8 $0.84 5.00% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $44.80 $56.50 26.12% Medtronic PLC (Symbol: MDT) $83.55 $104.21 24.73% UGI Corp. (Symbol: UGI) $37.29 $43.75 17.32% Pentair PLC (Symbol: PNR) $46.69 $53.08 13.69% Nordson Corp. (Symbol: NDSN) $236.55 $264.33 11.75% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 1.74% 26.12% 27.86% Medtronic PLC (Symbol: MDT) 3.26% 24.73% 27.99% UGI Corp. (Symbol: UGI) 3.86% 17.32% 21.18% Pentair PLC (Symbol: PNR) 1.80% 13.69% 15.49% Nordson Corp. (Symbol: NDSN) 1.10% 11.75% 12.85% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% UGI Corp. (Symbol: UGI) $1.35 $1.41 4.44% Pentair PLC (Symbol: PNR) $0.8 $0.84 5.00% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $44.80 $56.50 26.12% Medtronic PLC (Symbol: MDT) $83.55 $104.21 24.73% UGI Corp. (Symbol: UGI) $37.29 $43.75 17.32% Pentair PLC (Symbol: PNR) $46.69 $53.08 13.69% Nordson Corp. (Symbol: NDSN) $236.55 $264.33 11.75% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. ABM Industries, Inc. (Symbol: ABM) 1.74% 26.12% 27.86% Medtronic PLC (Symbol: MDT) 3.26% 24.73% 27.99% UGI Corp. (Symbol: UGI) 3.86% 17.32% 21.18% Pentair PLC (Symbol: PNR) 1.80% 13.69% 15.49% Nordson Corp. (Symbol: NDSN) 1.10% 11.75% 12.85% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% UGI Corp. (Symbol: UGI) $1.35 $1.41 4.44% Pentair PLC (Symbol: PNR) $0.8 $0.84 5.00% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% These five stocks are part of our full Dividend Aristocrats List. |
29191.0 | 2022-10-17 00:00:00 UTC | Here's Why You Should Retain ABM Industries (ABM) Stock Now | ABM | https://www.nasdaq.com/articles/heres-why-you-should-retain-abm-industries-abm-stock-now | nan | nan | ABM Industries Incorporated ABM is benefiting from 2020 Vision and investor-friendly steps.
ABM’s earnings are anticipated to grow 3.1% and 1.2% in 2022 and 2023, respectively.
Factors That Augur Well
ABM Industries started a comprehensive transformational initiative called 2020 Vision in 2015. This initiative aimed to attain long-term profitable growth through an industry-based go-to-market approach. As part of this initiative, ABM centralized the key functional areas, reinforced its sales capabilities and began investing in service delivery tools and processes to support standard operating practices important for its long-term success. These, in turn, enhanced ABM’s Janitorial, Parking, Facilities Services, Building & Energy Solutions, and Airline Services offerings to strengthen its position as a leading integrated facilities management company.
We are also impressed with ABM Industries’ endeavors in rewarding its shareholders through dividend payments and share repurchases. In fiscal 2021, ABM paid out $51 million of dividends but did not repurchase any shares. In fiscal 2020, ABM returned $49.3 million through dividend payments and $5.1 million through share buybacks.
In fiscal 2019, ABM Industries returned $47.7 million of dividend payments to its shareholders but did not repurchase any shares. Such moves indicate ABM’s commitment to creating its shareholder value and underline its confidence in its business. These initiatives not only instill investors’ confidence in the stock but also positively impact the earnings per share.
Some Risks
ABM Industries' current ratio at the end of the July quarter was pegged at 1.21, lower than the current ratio of 1.45 reported at the end of the prior-year quarter. A decreasing current ratio is not desirable as it suggests a company’s inefficiency in serving its short-term debt obligations.
Zacks Rank and Stocks to Consider
ABM Industries currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the broader Zacks Business Services sector are Booz Allen Hamilton Holding Corporation BAH, Paychex, Inc. PAYX and Cross Country Healthcare, Inc. CCRN.
Booz Allen carries a Zacks Rank #2 (Buy) at present. BAH has a long-term earnings growth expectation of 7.5%.
Booz Allen delivered a trailing four-quarter earnings surprise of 8.3%, on average.
Paychex carries a Zacks Rank of 2 at present. PAYX has a long-term earnings growth expectation of 7.5%.
Paychex delivered a trailing four-quarter earnings surprise of 8.6%, on average.
Cross Country Healthcare is currently Zacks #2 Ranked. CCRN has a long-term earnings growth expectation of 10%.
CCRN delivered a trailing four-quarter earnings surprise of 26%, on average.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As part of this initiative, ABM centralized the key functional areas, reinforced its sales capabilities and began investing in service delivery tools and processes to support standard operating practices important for its long-term success. ABM Industries Incorporated ABM is benefiting from 2020 Vision and investor-friendly steps. ABM’s earnings are anticipated to grow 3.1% and 1.2% in 2022 and 2023, respectively. | ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Incorporated ABM is benefiting from 2020 Vision and investor-friendly steps. ABM’s earnings are anticipated to grow 3.1% and 1.2% in 2022 and 2023, respectively. | Zacks Rank and Stocks to Consider ABM Industries currently carries a Zacks Rank #3 (Hold). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Incorporated ABM is benefiting from 2020 Vision and investor-friendly steps. | In fiscal 2019, ABM Industries returned $47.7 million of dividend payments to its shareholders but did not repurchase any shares. Zacks Rank and Stocks to Consider ABM Industries currently carries a Zacks Rank #3 (Hold). ABM Industries Incorporated (ABM): Free Stock Analysis Report |
29192.0 | 2022-10-13 00:00:00 UTC | ABM Industries (ABM) Passes Through 2% Yield Mark | ABM | https://www.nasdaq.com/articles/abm-industries-abm-passes-through-2-yield-mark-0 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.78), with the stock changing hands as low as $38.95 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.78), with the stock changing hands as low as $38.95 on the day. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.78), with the stock changing hands as low as $38.95 on the day. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.78), with the stock changing hands as low as $38.95 on the day. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.78), with the stock changing hands as low as $38.95 on the day. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield. |
29193.0 | 2022-10-13 00:00:00 UTC | 5 Dividend Aristocrats Where Analysts See Capital Gains | ABM | https://www.nasdaq.com/articles/5-dividend-aristocrats-where-analysts-see-capital-gains-51 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
UGI Corp. (Symbol: UGI) $31.76 $48.33 52.18%
Pentair PLC (Symbol: PNR) $40.58 $58.00 42.93%
ABM Industries, Inc. (Symbol: ABM) $40.14 $56.50 40.76%
Medtronic PLC (Symbol: MDT) $80.31 $107.50 33.86%
Nordson Corp. (Symbol: NDSN) $210.83 $271.83 28.93%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
UGI Corp. (Symbol: UGI) 4.53% 52.18% 56.71%
Pentair PLC (Symbol: PNR) 2.07% 42.93% 45%
ABM Industries, Inc. (Symbol: ABM) 1.94% 40.76% 42.7%
Medtronic PLC (Symbol: MDT) 3.39% 33.86% 37.25%
Nordson Corp. (Symbol: NDSN) 1.23% 28.93% 30.16%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
UGI Corp. (Symbol: UGI) $1.35 $1.41 4.44%
Pentair PLC (Symbol: PNR) $0.79 $0.83 5.06%
ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63%
Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26%
Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | UGI Corp. (Symbol: UGI) $31.76 $48.33 52.18% Pentair PLC (Symbol: PNR) $40.58 $58.00 42.93% ABM Industries, Inc. (Symbol: ABM) $40.14 $56.50 40.76% Medtronic PLC (Symbol: MDT) $80.31 $107.50 33.86% Nordson Corp. (Symbol: NDSN) $210.83 $271.83 28.93% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 4.53% 52.18% 56.71% Pentair PLC (Symbol: PNR) 2.07% 42.93% 45% ABM Industries, Inc. (Symbol: ABM) 1.94% 40.76% 42.7% Medtronic PLC (Symbol: MDT) 3.39% 33.86% 37.25% Nordson Corp. (Symbol: NDSN) 1.23% 28.93% 30.16% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.35 $1.41 4.44% Pentair PLC (Symbol: PNR) $0.79 $0.83 5.06% ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% These five stocks are part of our full Dividend Aristocrats List. | UGI Corp. (Symbol: UGI) $31.76 $48.33 52.18% Pentair PLC (Symbol: PNR) $40.58 $58.00 42.93% ABM Industries, Inc. (Symbol: ABM) $40.14 $56.50 40.76% Medtronic PLC (Symbol: MDT) $80.31 $107.50 33.86% Nordson Corp. (Symbol: NDSN) $210.83 $271.83 28.93% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 4.53% 52.18% 56.71% Pentair PLC (Symbol: PNR) 2.07% 42.93% 45% ABM Industries, Inc. (Symbol: ABM) 1.94% 40.76% 42.7% Medtronic PLC (Symbol: MDT) 3.39% 33.86% 37.25% Nordson Corp. (Symbol: NDSN) 1.23% 28.93% 30.16% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.35 $1.41 4.44% Pentair PLC (Symbol: PNR) $0.79 $0.83 5.06% ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% These five stocks are part of our full Dividend Aristocrats List. | UGI Corp. (Symbol: UGI) $31.76 $48.33 52.18% Pentair PLC (Symbol: PNR) $40.58 $58.00 42.93% ABM Industries, Inc. (Symbol: ABM) $40.14 $56.50 40.76% Medtronic PLC (Symbol: MDT) $80.31 $107.50 33.86% Nordson Corp. (Symbol: NDSN) $210.83 $271.83 28.93% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 4.53% 52.18% 56.71% Pentair PLC (Symbol: PNR) 2.07% 42.93% 45% ABM Industries, Inc. (Symbol: ABM) 1.94% 40.76% 42.7% Medtronic PLC (Symbol: MDT) 3.39% 33.86% 37.25% Nordson Corp. (Symbol: NDSN) 1.23% 28.93% 30.16% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.35 $1.41 4.44% Pentair PLC (Symbol: PNR) $0.79 $0.83 5.06% ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% These five stocks are part of our full Dividend Aristocrats List. | UGI Corp. (Symbol: UGI) $31.76 $48.33 52.18% Pentair PLC (Symbol: PNR) $40.58 $58.00 42.93% ABM Industries, Inc. (Symbol: ABM) $40.14 $56.50 40.76% Medtronic PLC (Symbol: MDT) $80.31 $107.50 33.86% Nordson Corp. (Symbol: NDSN) $210.83 $271.83 28.93% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. UGI Corp. (Symbol: UGI) 4.53% 52.18% 56.71% Pentair PLC (Symbol: PNR) 2.07% 42.93% 45% ABM Industries, Inc. (Symbol: ABM) 1.94% 40.76% 42.7% Medtronic PLC (Symbol: MDT) 3.39% 33.86% 37.25% Nordson Corp. (Symbol: NDSN) 1.23% 28.93% 30.16% Another consideration with dividend growth stocks is just how much the dividend is growing. UGI Corp. (Symbol: UGI) $1.35 $1.41 4.44% Pentair PLC (Symbol: PNR) $0.79 $0.83 5.06% ABM Industries, Inc. (Symbol: ABM) $0.76 $0.78 2.63% Medtronic PLC (Symbol: MDT) $2.42 $2.62 8.26% Nordson Corp. (Symbol: NDSN) $1.68 $2.18 29.76% These five stocks are part of our full Dividend Aristocrats List. |
29194.0 | 2022-10-03 00:00:00 UTC | Where to Invest $10,000 in a Bear Market | ABM | https://www.nasdaq.com/articles/where-to-invest-%2410000-in-a-bear-market-3 | nan | nan | All three major market indexes are now in bear market territory as the impact of rampant inflation, rapidly rising interest rates, supply chain congestion, and the still-lingering impact of the pandemic take their toll.
As devastating and painful as these corrections are, there remains a ray of hope and light behind the clouds because just as day follows night, bull markets always rise in their wake. And while the typical bear market lasts 15 months, on average, since 1928 the average bull market has lasted more than twice as long, or 36 months. Even better, from 1970 on, they tend to last more than six years on average.
Image source: Getty Images.
Still, investors can't get ahead of themselves. While the tech-heavy Nasdaq Composite has been in a bear market almost from the beginning of the year, the S&P 500 and the Dow Jones Industrial Average only recently entered one, so there might be more room to fall. That's why in difficult times particularly, investors should consider dividend stocks.
By regularly making payouts, dividend payers can help offset declines in capital appreciation while offering a vote of confidence in their continued profitability. They also tend to outperform non-dividend payers, and among the best to buy are Dividend Kings, or those stocks that have increased their payouts for 50 or more years. Here are three that should be on your buy list today.
1. ABM Industries
Famed investor Peter Lynch recommended buying boring companies, or those that did disagreeable jobs. ABM Industries (NYSE: ABM) could fit the bill because it's been providing janitorial services to businesses for well over a century. That means it has not only been through recessions and depressions, but also world wars, political upheavals, natural disasters, and a global pandemic or two.
While ABM has a long track record of success, it doesn't mean it can't be impacted by these events. During the COVID pandemic, for example, its business was wrecked by the forced lockdowns that were imposed; yet it was able to respond by adapting to conditions, quickly developing a sanitizing service that companies adopted when they reopened. Demand for that has fallen over time, but it shows the kind of innovative thinking that comes from having weathered numerous storms over the years.
ABM has made a number of smart acquisitions that help drive revenue and profit expansion while still generating significant organic growth. The cleaning and maintenance services specialist has paid a dividend for more than 56 years and raised it for 50 consecutive years. It's a stalwart that investors can count on in good times and bad.
2. Genuine Parts
In that same vein is aftermarket auto parts retailer Genuine Parts (NYSE: GPC), best-known for its chain of NAPA Auto Parts stores. Founded in 1928, it's been through most of the same cataclysms as ABM and continues to thrive until today.
The NAPA store chain is its primary revenue generator, accounting for two-thirds of total revenue, but it also runs an industrial replacement parts and supplies business serving more than 107,000 customers in North America and the Australasia region.
Even as the stock market has soured, Genuine Parts has soared because the strains on the economy have made both new and used cars more expensive. That means car owners will maintain their existing vehicles more to enhance their resale value, as well as to just keep their jalopies running.
That's translating into stellar earnings performance. For the second quarter, chairman and CEO Paul Donahue said Genuine Parts "achieved another record quarter, consisting of double-digit sales and earnings increases and a steady cadence of continued growth."
Genuine Parts has also paid dividends for nearly 100 years and has increased the payout every year since 1948. The dividend currently yields 2.4% annually.
3. Tootsie Roll Industries
There may be few companies that are as well-known, but little thought about as Tootsie Roll Industries (NYSE: TR), the candy company is recognized for its tiny, chocolate-flavored taffy logs, but it also owns Andes mints, Cella's chocolate-covered cherries, Charleston Chews, Dubble Bubble gum, Junior Mints, and more.
Founded two years after Hershey in 1896, Tootsie Roll is one of the oldest confectioners in the country and has been owned by the Gordon family since the 1930s. While that has provided its source of stability, it is also considered a drawback because they own a majority of the voting shares of the business. That gives them control to determine the direction the company goes, and as you can tell from its product lineup, Tootsie Roll has stayed in its lane.
Where Hershey has diversified into new verticals, like healthy snacks, and has "ambitions to become a snacking powerhouse," the Gordons prefer to keep Tootsie Roll doing what it does best.
CEO Ellen Gordon is 90 years old, so the potential for change is high. One could be an increased dividend. Tootsie Roll has consistently made a payout for more than 50 years, but the dividend yields just 1% annually. Still, this candy stock has been a safe haven for investors for years.
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Rich Duprey has positions in ABM Industries, Genuine Parts Company, and Tootsie Roll Industries. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Famed investor Peter Lynch recommended buying boring companies, or those that did disagreeable jobs. ABM Industries (NYSE: ABM) could fit the bill because it's been providing janitorial services to businesses for well over a century. While ABM has a long track record of success, it doesn't mean it can't be impacted by these events. | Rich Duprey has positions in ABM Industries, Genuine Parts Company, and Tootsie Roll Industries. ABM Industries Famed investor Peter Lynch recommended buying boring companies, or those that did disagreeable jobs. ABM Industries (NYSE: ABM) could fit the bill because it's been providing janitorial services to businesses for well over a century. | Rich Duprey has positions in ABM Industries, Genuine Parts Company, and Tootsie Roll Industries. ABM Industries Famed investor Peter Lynch recommended buying boring companies, or those that did disagreeable jobs. ABM Industries (NYSE: ABM) could fit the bill because it's been providing janitorial services to businesses for well over a century. | ABM Industries Famed investor Peter Lynch recommended buying boring companies, or those that did disagreeable jobs. ABM Industries (NYSE: ABM) could fit the bill because it's been providing janitorial services to businesses for well over a century. While ABM has a long track record of success, it doesn't mean it can't be impacted by these events. |
29195.0 | 2022-09-29 00:00:00 UTC | Implied Volatility Surging for ABM (ABM) Stock Options | ABM | https://www.nasdaq.com/articles/implied-volatility-surging-for-abm-abm-stock-options | nan | nan | Investors in ABM ABM need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 21, 2022 $22.4 Put had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for ABM shares, but what is the fundamental picture for the company? Currently, ABM is a Zacks Rank #3 (Hold) in the Building Products - Maintenance Service industry that ranks in the Bottom 6% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while four analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 90 cents per share to 82 cents in that period.
Given the way analysts feel about ABM right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Clearly, options traders are pricing in a big move for ABM shares, but what is the fundamental picture for the company? Investors in ABM ABM need to pay close attention to the stock based on moves in the options market lately. Currently, ABM is a Zacks Rank #3 (Hold) in the Building Products - Maintenance Service industry that ranks in the Bottom 6% of our Zacks Industry Rank. | Clearly, options traders are pricing in a big move for ABM shares, but what is the fundamental picture for the company? ABM Industries Incorporated (ABM): Free Stock Analysis Report Investors in ABM ABM need to pay close attention to the stock based on moves in the options market lately. | Investors in ABM ABM need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for ABM shares, but what is the fundamental picture for the company? Currently, ABM is a Zacks Rank #3 (Hold) in the Building Products - Maintenance Service industry that ranks in the Bottom 6% of our Zacks Industry Rank. | Given the way analysts feel about ABM right now, this huge implied volatility could mean there’s a trade developing. Investors in ABM ABM need to pay close attention to the stock based on moves in the options market lately. Clearly, options traders are pricing in a big move for ABM shares, but what is the fundamental picture for the company? |
29196.0 | 2022-09-26 00:00:00 UTC | 7 Stocks to Buy Before They Crush Q3 Earnings | ABM | https://www.nasdaq.com/articles/7-stocks-to-buy-before-they-crush-q3-earnings | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Today’s article introduces seven robust stocks to buy ahead of earnings. Given the unprecedented tightening by the Federal Reserve, investors are worried that the overall corporate profitability could further deteriorate in the third quarter.
A recent Factset Research Systems (NYSE:FDS) report highlights “the estimated earnings growth rate for the S&P 500” for the third quarter has declined to 3.5%. Put another way, Wall Street is getting ready for the lowest earnings growth rate in the past two years.
Meanwhile, last week’s Earnings Trend report by Zachs reveals an even bleaker picture, forecasting a 1.3% earnings growth for the quarter. If investors were to exclude the energy sector, we would have a decline of -5.4%.
Against this backdrop, the bear market offers an attractive opportunity for investors looking to buy wide-moat stocks with solid growth prospects at bargain valuations. With that information, here is our list of the seven stocks to buy ahead of earnings.
ABM ABM Industries $38.26
BG Bunge $83.19
EBAY eBay $38.19
HCA HCA Healthcare $191.50
IVE iShares S&P 500 Value ETF $133.06
NOMD Nomad Foods $16.42
TRV Travelers Companies $155.48
ABM Industries (ABM)
Source: Maridav/ShutterStock.com
52-week range: $38.08 – $54.00
ABM Industries (NYSE:ABM) is a leading provider of integrated facility services.
With janitorial services at its core, ABM offers building maintenance solutions, like parking operations, facilities management, landscaping as well as e-mobility charging solutions. Its market capitalization (cap) stands around $2.6 billion.
Management released Q3 results on Sept. 9. Revenue grew 27% year over year to $2 billion, driven by broad-based organic growth in core services as well as inorganic growth thanks to the contribution by acquisitions of Able Services and Momentum Support.
The under-the-radar company boasts a solid record of revenue growth along with a history of strong customer retention.
ABM management still sees its momentum growing despite the challenging macroeconomic environment. Meanwhile, in early September, the company completed the acquisition of RavenVolt, a turn-key microgrid systems provider. As the move toward renewable energy gathers momentum, Wall Street will be paying attention to how the transaction will contribute to ABM’s top line.
Passive income seekers may be interested to know that the leading facility services provider has increased its dividend payout for over 50 years. The dividend king currently generates a 1.9% dividend yield.
ABM stock has declined nearly 7% year to date and 16% over the past year. Shares are trading at 0.4 times sales. Analysts’ 12-month median price forecast for ABM stands at $58.
Bunge (BG)
Source: Shutterstock
52-week range: $75.81 – $128.40
Bunge (NYSE:BG) is a leading agribusiness and food company with operations along the farm-to-consumer food chain.
In 2021, revenue was shy of $60 billion, where around 70% came from agribusiness. This segment enjoys the most extensive oilseed processing capacity in the world. At present, Bunge’s market cap stands around $13.5 billion.
Management put out Q2 metrics on Jul. 27. Since the invasion of Ukraine by Russia, demand, supply and pricing issues regarding agricultural commodities have been making headlines.
As a result, Bunge has benefited from solid demand and tight commodity supplies. Revenue jumped 16.5% year over year to $17.9 billion, driven by a significant surge in sales of refined and specialty oils.
The food company boasts strong pricing power and is well-positioned to pass on any cost increases to consumers. Furthermore, management raised its full-year adjusted earnings per share (“EPS”) outlook to $12.00 per share with upside potential to be driven by changing supply/demand balance dynamics and market conditions.
Meanwhile, Bunge and BP (NYSE:BP) have recently announced the sale of their Brazilian sugar and ethanol joint venture, valued at roughly $2 billion. Long-term BG shareholders will want to see how Bunge uses the proceeds from this sale.
BG stock has dropped almost 11% year to date, and it supports a dividend yield of 3%. Moreover, shares look cheap at 7.5 times forward earnings and 0.2 times sales. Wall Street’s 12-month median price forecast for Bunge stock stands at $125.
eBay (EBAY)
Source: BigTunaOnline / Shutterstock.com
52-week range: $40.52 – $81.19
The global e-commerce giant eBay (NASDAQ:EBAY) connects around 147 million buyers and 20 million sellers. In the U.S., its share of the e-commerce market is at 3.5%. By comparison, Amazon (NASDAQ:AMZN) leads the market with a 37.8% share.
In early August, eBay reported Q2 financials. Revenue declined 9% year over year to $2.42 billion due to declining online traffic after the pandemic. The e-commerce play is currently focused on raising transaction fees on its platform.
As eBay has an asset-light business model, its operations are not strongly impacted by rising inflation levels. Moreover, a potential recession is expected to increase consumer interest in eBay’s lower-priced second-hand goods.
EBAY stock has tumbled nearly 43% since the beginning of the year. It currently offers a 2.3% dividend yield. In addition, shares have an attractive valuation at 10 times forward earnings and 2.5 times sales. Analysts’ 12-month median forecast for EBAY stock stands at $52.
HCA Healthcare (HCA)
Source: Shutterstock
52-week range: $164.47 – $279.02
HCA Healthcare (NYSE:HCA) operates medical facilities, including over 180 hospitals and roughly 2,200 ambulatory care sites. Its market cap stands at over $55 billion.
Management announced Q2 results on July 22. Revenue increased just 2.7% year over year to $14.82 billion. Wall Street noted the decline in same facility admissions, which was barely offset by an increase in same facility revenue per equivalent admission.
Despite a quarter of slower-than-usual growth, HCA’s financials continue to grow steadily. Moreover, the healthcare play boasts a solid business that generates predictable growth and strong margins.
Meanwhile, HCA recently announced that it would collaborate with Johnson & Johnson (NYSE:JNJ) to address critical issues in the healthcare industry. Among them are the early identification of lung cancer in patients, supporting nurses through different programs, and cardiovascular health initiatives.
HCA stock has lost more than 24% year to date despite a surge of 17% over the past three months. The stock offers a dividend yield of 1.1% and has a cheap valuation at 10.8 times forward earnings and 1.1 times sales. Wall Street’s 12-month median price forecast for HCA stock is $240.
iShares S&P 500 Value ETF (IVE)
Source: El Nariz / Shutterstock.com
52-Week Range: $132.18 – $160.38
Dividend Yield: 2.07%
Expense Ratio: 0.18% per year
Our next discussion centers around an exchange-traded fund (ETF), namely the iShares S&P 500 Value ETF (NYSEARCA:IVE). It offers exposure to U.S.-based large-cap firms that are potentially undervalued relative to peers. The fund started trading in May 2000.
IVE’s focus on well-established large-cap stocks that offer fundamental value helps add a margin of safety to long-term portfolios. The fund tracks the S&P 500 Value index and has 446 holdings.
In terms of sector allocation, health care has the highest share with 17.05%, followed by financials (14.94%), industrials (12.04%), and consumer staples (11.55%). The top ten stocks in the fund account for around 18% of its net assets of $23 billion.
Among the leading names on the roster are Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B), Johnson & Johnson, Exxon Mobil (NYSE:XOM), Procter & Gamble (NYSE:PG), and UnitedHealth (NYSE:UNH).
The ETF has declined 15% year to date. Trailing price-to-earnings (P/E) and price-to-book (P/B) ratios stand at 16.43x and 2.56x, respectively. Readers looking at blue chips that offer value could consider a fund like IVE.
Nomad Foods (NOMD)
Source: defotoberg / Shutterstock.com
52-week range: $16.47 – $28.92
The U.K.-based Nomad Foods (NYSE:NOMD) is currently the European market leader in the frozen food segment. It has well-known brands such as Birds Eye and Frikom.
The frozen food company reported Q2 results on Aug. 10. Revenue grew 17% year over year to 697 million euros, despite a decline in organic revenue due to supply chain issues.
Nomad is in a strong position to pass on increasing input costs to consumers. Management anticipates the increase in product prices will compensate for volume declines, leading to low-single digit organic sales growth for 2022.
Recent research highlights, “The European Frozen Food Market is expected to reach US$ 124.1 billion by 2027, growing at a compound annual growth rate (CAGR) of 5.15% from 2020-2027.”
Therefore, analysts expect Nomad to keep its stronghold on the other side of the Atlantic.
NOMD stock has dropped 36% year to date. Shares have a cheap valuation at 9.5 times forward earnings and 1.1 times sales. The 12-month median price forecast for Nomad stock stands at $23.75.
Travelers Companies (TRV)
Source: Shutterstock
52-week range: $145.40 – $187.98
Dow 30 member Travelers Companies (NYSE:TRV) is one of the most important property casualty insurance companies worldwide. Its market cap is well over $37 billion, while the stock received a double upgrade in late July, in part thanks to the insurers’ ability to increase premiums without a significant negative impact on demand.
Travelers put out Q2 results at the end of July. Revenue increased 5% year over year to $9.14 billion while reporting double-digit net written premium growth in all segments. However, diluted EPS declined 38% year over year to $2.27.
TRV stock is trading flat for the year. The insurance play has hiked its dividend for 18 consecutive years and currently generates a 2.3% dividend yield.
Forward P/E and price-to-book (P/B) ratios stand at 10.9x and 1.7x, respectively. Finally, Wall Street’s 12-month median price forecast for TRV stock is $175.50.
On the date of publication, Tezcan Gecgil, Ph.D., did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation.
The post 7 Stocks to Buy Before They Crush Q3 Earnings appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM ABM Industries $38.26 BG Bunge $83.19 EBAY eBay $38.19 HCA HCA Healthcare $191.50 IVE iShares S&P 500 Value ETF $133.06 NOMD Nomad Foods $16.42 TRV Travelers Companies $155.48 ABM Industries (ABM) Source: Maridav/ShutterStock.com 52-week range: $38.08 – $54.00 ABM Industries (NYSE:ABM) is a leading provider of integrated facility services. With janitorial services at its core, ABM offers building maintenance solutions, like parking operations, facilities management, landscaping as well as e-mobility charging solutions. ABM management still sees its momentum growing despite the challenging macroeconomic environment. | ABM ABM Industries $38.26 BG Bunge $83.19 EBAY eBay $38.19 HCA HCA Healthcare $191.50 IVE iShares S&P 500 Value ETF $133.06 NOMD Nomad Foods $16.42 TRV Travelers Companies $155.48 ABM Industries (ABM) Source: Maridav/ShutterStock.com 52-week range: $38.08 – $54.00 ABM Industries (NYSE:ABM) is a leading provider of integrated facility services. With janitorial services at its core, ABM offers building maintenance solutions, like parking operations, facilities management, landscaping as well as e-mobility charging solutions. ABM management still sees its momentum growing despite the challenging macroeconomic environment. | ABM ABM Industries $38.26 BG Bunge $83.19 EBAY eBay $38.19 HCA HCA Healthcare $191.50 IVE iShares S&P 500 Value ETF $133.06 NOMD Nomad Foods $16.42 TRV Travelers Companies $155.48 ABM Industries (ABM) Source: Maridav/ShutterStock.com 52-week range: $38.08 – $54.00 ABM Industries (NYSE:ABM) is a leading provider of integrated facility services. ABM stock has declined nearly 7% year to date and 16% over the past year. With janitorial services at its core, ABM offers building maintenance solutions, like parking operations, facilities management, landscaping as well as e-mobility charging solutions. | ABM ABM Industries $38.26 BG Bunge $83.19 EBAY eBay $38.19 HCA HCA Healthcare $191.50 IVE iShares S&P 500 Value ETF $133.06 NOMD Nomad Foods $16.42 TRV Travelers Companies $155.48 ABM Industries (ABM) Source: Maridav/ShutterStock.com 52-week range: $38.08 – $54.00 ABM Industries (NYSE:ABM) is a leading provider of integrated facility services. With janitorial services at its core, ABM offers building maintenance solutions, like parking operations, facilities management, landscaping as well as e-mobility charging solutions. ABM management still sees its momentum growing despite the challenging macroeconomic environment. |
29197.0 | 2022-09-19 00:00:00 UTC | Strategic Buyouts Aid ABM Industries (ABM), Debt Load Ails | ABM | https://www.nasdaq.com/articles/strategic-buyouts-aid-abm-industries-abm-debt-load-ails | nan | nan | ABM Industries Inc. ABM is currently benefiting from investor-oriented moves and strategic acquisitions. However, low liquidity is a headwind.
ABM Industries reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimate. Adjusted earnings (excluding 9 cents from non-recurring items) from continuing operations came in at 94 cents per share, beating the consensus mark by 3.3% and increasing 4.4% from the last fiscal year’s quarterly figure. Total revenues of $1.96 billion also surpassed the consensus estimate by 1.8% and improved 27.1% from last fiscal year’s quarterly figure.
How Is ABM Faring?
ABM Industries' strategy entails growth through strategic acquisitions and organic investment. The 2021 buyout of Able Services strengthens its engineering and technical services, expands its sustainability and energy efficiency offerings, and its core businesses and key geographies.
Further, ABM's multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its talent management system capabilities, expanding data usage and modernizing the digital ecosystem.
We are also impressed with ABM Industries’ endeavors in rewarding its shareholders through dividend payments and share repurchases. In fiscal 2021, it paid out $51 million as dividends but did not repurchase any shares. In fiscal 2020, ABM returned $49.3 million through dividend payments and $5.1 million through share buybacks.
In fiscal 2019, ABM Industries returned $47.7 million of dividend payments to its shareholders but did not repurchase any shares. Such moves mirror ABM’s commitment to adding shareholder value and emphasize its confidence in business. These initiatives buoy investors’ optimism on the stock and augment the earnings per share.
ABM Industries' current ratio (a measure of liquidity) at the end of July was pegged at 1.21, lower than the current ratio of 1.45 reported at the end of the prior-year quarter. Decreasing current ratio is not desirable as it indicates that the company may have problems meeting its short-term debt obligations.
Zacks Rank and Stocks to Consider
ABM Industries currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the broader Zacks Business Services sector are Avis Budget Group, Inc. CAR, Automatic Data Processing, Inc. ADP and CRA International, Inc. CRAI.
Avis Budget sports a Zacks Rank #1 at present. CAR has an earnings growth rate of 108.4% for 2022.
Avis Budget delivered a trailing four-quarter earnings surprise of 69.5%, on average.
ADP carries a Zacks Rank #2 (Buy) at present. ADP has a long-term earnings growth expectation of 12%.
ADP delivered a trailing four-quarter earnings surprise of 5%, on average.
CRA International carries a Zacks Rank of 2, currently. CRAI has a long-term earnings growth expectation of 14.3%.
CRAI delivered a trailing four-quarter earnings surprise of 26%, on average.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimate. Further, ABM's multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its talent management system capabilities, expanding data usage and modernizing the digital ecosystem. ABM Industries Inc. ABM is currently benefiting from investor-oriented moves and strategic acquisitions. | ABM Industries reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimate. ABM Industries Inc. ABM is currently benefiting from investor-oriented moves and strategic acquisitions. How Is ABM Faring? | ABM Industries reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimate. Zacks Rank and Stocks to Consider ABM Industries currently carries a Zacks Rank #3 (Hold). ABM Industries Incorporated (ABM): Free Stock Analysis Report | ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Inc. ABM is currently benefiting from investor-oriented moves and strategic acquisitions. ABM Industries reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimate. |
29198.0 | 2022-09-16 00:00:00 UTC | ABM Industries is Now Oversold (ABM) | ABM | https://www.nasdaq.com/articles/abm-industries-is-now-oversold-abm | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $40.13 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 36.5. A bullish investor could look at ABM's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABM shares:
Looking at the chart above, ABM's low point in its 52 week range is $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $40.11.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $40.13 per share. A bullish investor could look at ABM's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABM shares: Looking at the chart above, ABM's low point in its 52 week range is $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $40.11. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $40.13 per share. A bullish investor could look at ABM's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABM shares: Looking at the chart above, ABM's low point in its 52 week range is $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $40.11. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $40.13 per share. A bullish investor could look at ABM's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABM shares: Looking at the chart above, ABM's low point in its 52 week range is $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $40.11. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $40.13 per share. A bullish investor could look at ABM's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABM shares: Looking at the chart above, ABM's low point in its 52 week range is $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $40.11. |
29199.0 | 2022-09-14 00:00:00 UTC | Value Stocks Under Spotlight Amid Inflation Fears; Here Are 2 Names to Watch | ABM | https://www.nasdaq.com/articles/value-stocks-under-spotlight-amid-inflation-fears-here-are-2-names-to-watch | nan | nan | The just-released CPI report for August came in lower than July but higher than expected – and markets have tanked in response. The headline number was the 8.3% annualized rate of inflation for the month, against the 8.1% expected. To tame inflation, the Federal Reserve is likely to raise interest rates by 75 basis points at its next meeting on September 21.
For investors, this means that it might be time to shift priorities in the portfolio. Higher inflation and interest rates usually send investors into a “flight for safety” mode, which gives rise to value stocks due to their more fundamentally secure standing.
Against this backdrop, we've opened up the TipRanks database to find two value tickers that have earned Strong Buy ratings from Wall Street. In fact, Deutsch Bank analysts sees their upside potentials starting at 50% and heading up from there. Let's take a closer look.
Blue Owl Capital (OWL)
We’ll start with a financial firm, Blue Owl Capital. This company is a provider of private market capital solutions, working through three subsidiaries in the direct lending business: Owl Rock, Oak Tree, and Dyal Capital. At the end of 1H22, Blue Owl had over $199 billion in total assets under management, and keeps its focus on providing attractive risk-adjusted returns for investors.
Blue Owl shares entered the public markets in May of last year, as the result of a SPAC merger between Owl Rock and Dyal Capital with the Altimar Acquisition Corporation. Since going public, Blue Owl’s revenues and earnings have both increased steadily. The company’s 2Q22 top line came in at $327 million, up 82% y/y. On earnings, the company reported distributable earnings of 13 cents per adjusted share. This compared favorably to the 9 cents reported in the year-ago quarter – and it fully covered the company’s current dividend payment.
The dividend was most recently declared in August, at 11 cents per common share for an August 29 payout. The 44 cent annualized dividend gives a yield of 4%, well above the market average.
Blue Owl has caught the eye of Deutsche Bank analyst Brian Bedell, who believes the stock offers a winning combination of growth and value.
"We view OWL as possessing a solid mix of favorable attributes within the alternative asset mgmt. industry, those being: 1) a business profile geared toward strong secular growth trends in the need for capital solutions for the private capital industry, 2) an earnings mix that maximizes the contribution from fee-related earnings, 3) a solid contribution from retail distribution, & 4) a very strong FRE growth profile mostly via strong fundraising prospects over at least the next two years,” Bedell wrote.
The analyst summed up, "We view the stock as offering compelling value in addition to having the strongest FRE CAGR for 2021-24E of 29-30%…"
In addition to his bullish comments, Bedell gives OWL shares a Buy rating and a $19 price target that implies a robust one-year upside of 72%. (To watch Bedell’s track record, click here)
Overall, the Strong Buy rating on this stock is based on the consensus view of Wall Street’s analysts, whose 5 most recent reviews here include 4 to Buy and 1 to Hold. The shares are priced at $11.04 and their $16 average target suggests they have ~45% gain in store for the year ahead. (See OWL stock forecast on TipRanks)
ABM Industries (ABM)
The next value stock we're looking at is ABM Industries. The company is a contract facilities manager offering a range of services to its clients, including cleaning and janitorial services, parking management and maintenance, facilities engineering, and HVAC and mechanical services. These are the background logistical matters that give headaches to companies around the world in every niche, from schools to offices to hospitals to factories, and ABM solves it. The company has clients in aviation, business, education, healthcare, industry, and manufacturing.
ABM has reported sound financial results consistently for several years now, and used the corona crisis to introduce its ‘Enhanced Clean’ service to customers. In the company’s fiscal year 2022, it saw revenues increase from approximately $1.5 billion per quarter to $1.9 billion. The most recent quarter, 2Q of fiscal 2022, showed $1.96 billion at the top line, for a 27% year-over-year gain. Adjusted EPS grew 4% y/y, to 94 cents.
So ABM runs a profitable business – and it passes the profits on to investors. The company’s dividend is currently 19.5 cents per common share, or 78 cents annualized. At that rate, the dividend yields a 1.85%, but the real attraction here is the reliability; ABM paid out the common share dividend in 225 consecutive quarters.
ABM also has a clear strategy for growth by acquisition, and on September 1 it closed its deal to acquire RavenVolt, a designer and installer of microgrid power solutions. The acquisition enhances ABM’s technical solutions services, and positions the company to deliver solutions for EV infrastructure, power generation, and bundled energy.
Covering ABM for Deutsche Bank, analyst Faiza Alwy describes the stock as his "Best 'Value' Idea."
"We remain Buy-rated on ABM believing that the stock should re-rate higher from current levels (of <8x FY23 EBITDA, 12.4x P/E) as the company improves cash flow and continues to execute on its Elevate strategy including share gains via accretive acquisitions in core and adjacent spaces alongside digitalization initiatives allowing for a more productive workforce," Alwy noted.
Alwy’s bullish comments fully support her Buy rating on the shares, and her price target of $65 implies a 12-month upside of ~55% for ABM. (To watch Alwy’s track record, click here)
Overall, there are 4 recent analyst reviews of this stock, and they include 3 Buys over 1 Hold to support the Strong Buy consensus rating. The average price target here is $58.50, indicating potential for a 41% upside from the current trading price of $41.96. (See ABM stock forecast on TipRanks)
To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM also has a clear strategy for growth by acquisition, and on September 1 it closed its deal to acquire RavenVolt, a designer and installer of microgrid power solutions. "We remain Buy-rated on ABM believing that the stock should re-rate higher from current levels (of <8x FY23 EBITDA, 12.4x P/E) as the company improves cash flow and continues to execute on its Elevate strategy including share gains via accretive acquisitions in core and adjacent spaces alongside digitalization initiatives allowing for a more productive workforce," Alwy noted. (See OWL stock forecast on TipRanks) ABM Industries (ABM) The next value stock we're looking at is ABM Industries. | Alwy’s bullish comments fully support her Buy rating on the shares, and her price target of $65 implies a 12-month upside of ~55% for ABM. (See OWL stock forecast on TipRanks) ABM Industries (ABM) The next value stock we're looking at is ABM Industries. These are the background logistical matters that give headaches to companies around the world in every niche, from schools to offices to hospitals to factories, and ABM solves it. | (See OWL stock forecast on TipRanks) ABM Industries (ABM) The next value stock we're looking at is ABM Industries. These are the background logistical matters that give headaches to companies around the world in every niche, from schools to offices to hospitals to factories, and ABM solves it. ABM has reported sound financial results consistently for several years now, and used the corona crisis to introduce its ‘Enhanced Clean’ service to customers. | Covering ABM for Deutsche Bank, analyst Faiza Alwy describes the stock as his "Best 'Value' Idea." (See OWL stock forecast on TipRanks) ABM Industries (ABM) The next value stock we're looking at is ABM Industries. These are the background logistical matters that give headaches to companies around the world in every niche, from schools to offices to hospitals to factories, and ABM solves it. |
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