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29200.0 | 2022-09-12 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-45 | 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
Pentair PLC (Symbol: PNR) $47.12 $59.67 26.63%
ABM Industries, Inc. (Symbol: ABM) $46.00 $57.75 25.54%
UGI Corp. (Symbol: UGI) $39.71 $48.33 21.71%
Brady Corp (Symbol: BRC) $44.76 $54.00 20.64%
Medtronic PLC (Symbol: MDT) $89.73 $108.06 20.43%
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
Pentair PLC (Symbol: PNR) 1.78% 26.63% 28.41%
ABM Industries, Inc. (Symbol: ABM) 1.70% 25.54% 27.24%
UGI Corp. (Symbol: UGI) 3.63% 21.71% 25.34%
Brady Corp (Symbol: BRC) 2.06% 20.64% 22.7%
Medtronic PLC (Symbol: MDT) 3.03% 20.43% 23.46%
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
Pentair PLC (Symbol: PNR) $0.79 $0.83 5.06%
ABM Industries, Inc. (Symbol: ABM) $0.755 $0.775 2.65%
UGI Corp. (Symbol: UGI) $1.335 $1.395 4.49%
Brady Corp (Symbol: BRC) $0.88 $0.9 2.27%
Medtronic PLC (Symbol: MDT) $2.37 $2.57 8.44%
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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Pentair PLC (Symbol: PNR) $47.12 $59.67 26.63% ABM Industries, Inc. (Symbol: ABM) $46.00 $57.75 25.54% UGI Corp. (Symbol: UGI) $39.71 $48.33 21.71% Brady Corp (Symbol: BRC) $44.76 $54.00 20.64% Medtronic PLC (Symbol: MDT) $89.73 $108.06 20.43% 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. Pentair PLC (Symbol: PNR) 1.78% 26.63% 28.41% ABM Industries, Inc. (Symbol: ABM) 1.70% 25.54% 27.24% UGI Corp. (Symbol: UGI) 3.63% 21.71% 25.34% Brady Corp (Symbol: BRC) 2.06% 20.64% 22.7% Medtronic PLC (Symbol: MDT) 3.03% 20.43% 23.46% Another consideration with dividend growth stocks is just how much the dividend is growing. Pentair PLC (Symbol: PNR) $0.79 $0.83 5.06% ABM Industries, Inc. (Symbol: ABM) $0.755 $0.775 2.65% UGI Corp. (Symbol: UGI) $1.335 $1.395 4.49% Brady Corp (Symbol: BRC) $0.88 $0.9 2.27% Medtronic PLC (Symbol: MDT) $2.37 $2.57 8.44% These five stocks are part of our full Dividend Aristocrats List. | Pentair PLC (Symbol: PNR) $47.12 $59.67 26.63% ABM Industries, Inc. (Symbol: ABM) $46.00 $57.75 25.54% UGI Corp. (Symbol: UGI) $39.71 $48.33 21.71% Brady Corp (Symbol: BRC) $44.76 $54.00 20.64% Medtronic PLC (Symbol: MDT) $89.73 $108.06 20.43% 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. Pentair PLC (Symbol: PNR) 1.78% 26.63% 28.41% ABM Industries, Inc. (Symbol: ABM) 1.70% 25.54% 27.24% UGI Corp. (Symbol: UGI) 3.63% 21.71% 25.34% Brady Corp (Symbol: BRC) 2.06% 20.64% 22.7% Medtronic PLC (Symbol: MDT) 3.03% 20.43% 23.46% Another consideration with dividend growth stocks is just how much the dividend is growing. Pentair PLC (Symbol: PNR) $0.79 $0.83 5.06% ABM Industries, Inc. (Symbol: ABM) $0.755 $0.775 2.65% UGI Corp. (Symbol: UGI) $1.335 $1.395 4.49% Brady Corp (Symbol: BRC) $0.88 $0.9 2.27% Medtronic PLC (Symbol: MDT) $2.37 $2.57 8.44% These five stocks are part of our full Dividend Aristocrats List. | Pentair PLC (Symbol: PNR) $47.12 $59.67 26.63% ABM Industries, Inc. (Symbol: ABM) $46.00 $57.75 25.54% UGI Corp. (Symbol: UGI) $39.71 $48.33 21.71% Brady Corp (Symbol: BRC) $44.76 $54.00 20.64% Medtronic PLC (Symbol: MDT) $89.73 $108.06 20.43% 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. Pentair PLC (Symbol: PNR) 1.78% 26.63% 28.41% ABM Industries, Inc. (Symbol: ABM) 1.70% 25.54% 27.24% UGI Corp. (Symbol: UGI) 3.63% 21.71% 25.34% Brady Corp (Symbol: BRC) 2.06% 20.64% 22.7% Medtronic PLC (Symbol: MDT) 3.03% 20.43% 23.46% Another consideration with dividend growth stocks is just how much the dividend is growing. Pentair PLC (Symbol: PNR) $0.79 $0.83 5.06% ABM Industries, Inc. (Symbol: ABM) $0.755 $0.775 2.65% UGI Corp. (Symbol: UGI) $1.335 $1.395 4.49% Brady Corp (Symbol: BRC) $0.88 $0.9 2.27% Medtronic PLC (Symbol: MDT) $2.37 $2.57 8.44% These five stocks are part of our full Dividend Aristocrats List. | Pentair PLC (Symbol: PNR) $47.12 $59.67 26.63% ABM Industries, Inc. (Symbol: ABM) $46.00 $57.75 25.54% UGI Corp. (Symbol: UGI) $39.71 $48.33 21.71% Brady Corp (Symbol: BRC) $44.76 $54.00 20.64% Medtronic PLC (Symbol: MDT) $89.73 $108.06 20.43% 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. Pentair PLC (Symbol: PNR) 1.78% 26.63% 28.41% ABM Industries, Inc. (Symbol: ABM) 1.70% 25.54% 27.24% UGI Corp. (Symbol: UGI) 3.63% 21.71% 25.34% Brady Corp (Symbol: BRC) 2.06% 20.64% 22.7% Medtronic PLC (Symbol: MDT) 3.03% 20.43% 23.46% Another consideration with dividend growth stocks is just how much the dividend is growing. Pentair PLC (Symbol: PNR) $0.79 $0.83 5.06% ABM Industries, Inc. (Symbol: ABM) $0.755 $0.775 2.65% UGI Corp. (Symbol: UGI) $1.335 $1.395 4.49% Brady Corp (Symbol: BRC) $0.88 $0.9 2.27% Medtronic PLC (Symbol: MDT) $2.37 $2.57 8.44% These five stocks are part of our full Dividend Aristocrats List. |
29201.0 | 2022-09-09 00:00:00 UTC | ABM Industries (ABM) Beats on Q3 Earnings, Tapers FY22 EPS View | ABM | https://www.nasdaq.com/articles/abm-industries-abm-beats-on-q3-earnings-tapers-fy22-eps-view | nan | nan | ABM Industries Inc. ABM 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.
So far this year, shares of ABM Industries have gained 12.8% compared with the 4.8% rise of the industry it belongs to.
Image Source: Zacks Investment Research
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.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote
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. The midpoint of the guided range ($3.65) matches with the Zacks Consensus Estimate.
Currently, ABM Industries carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Business Services Companies
Equifax EFX reported mixed second-quarter 2022 results, wherein earnings beat estimates but revenues missed the same.
EFX’s adjusted earnings of $2.09 per share beat the Zacks Consensus Estimate by 3% and improved 5.6% on a year-over-year basis. Revenues of $1.32 billion missed the consensus estimate marginally but improved 6.6% year over year.
IQVIA Holdings IQV reported solid second-quarter 2022 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate.
IQV’s adjusted earnings per share of $2.44 beat the consensus mark by 2.1% and improved 15% on a year-over-year basis. Total revenues of $3.54 billion outpaced the consensus estimate by 1.2% and increased 3% year over year.
Omnicom Group OMC reported impressive second-quarter 2022 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate.
OMC’s earnings of $1.68 per share beat the consensus mark by 7.7% and increased 15.1% year over year, driven by a strong margin performance. Total revenues of $3.6 billion surpassed the consensus estimate by 4.4% but declined slightly year over year.
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. | Quarterly results benefited from accretive acquisitions, solid demand for ABM’s core janitorial and engineering services, and continued strong growth in eMobility. ABM Industries Inc. ABM reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimates. The upside was backed by solid demand across ABM’s Business & Industry, Aviation, Manufacturing & Distribution, and Technical Solutions segments, especially in its eMobility business. | ABM Industries Inc. ABM reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimates. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote 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. The upside was backed by solid demand across ABM’s Business & Industry, Aviation, Manufacturing & Distribution, and Technical Solutions segments, especially in its eMobility business. | ABM Industries Inc. ABM reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimates. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote 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. The upside was backed by solid demand across ABM’s Business & Industry, Aviation, Manufacturing & Distribution, and Technical Solutions segments, especially in its eMobility business. | ABM Industries Inc. ABM reported impressive third-quarter fiscal 2022 results, with both earnings and revenues beating the Zacks Consensus Estimates. 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 results benefited from accretive acquisitions, solid demand for ABM’s core janitorial and engineering services, and continued strong growth in eMobility. |
29202.0 | 2022-09-09 00:00:00 UTC | Should Value Investors Buy ABM Industries (ABM) Stock? | ABM | https://www.nasdaq.com/articles/should-value-investors-buy-abm-industries-abm-stock-0 | nan | nan | While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 11.65, while its industry has an average P/E of 29.87. ABM's Forward P/E has been as high as 61.52 and as low as 10.01, with a median of 12.36, all within the past year.
Finally, investors will want to recognize that ABM has a P/CF ratio of 12.87. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. ABM's current P/CF looks attractive when compared to its industry's average P/CF of 37.41. Over the past 52 weeks, ABM's P/CF has been as high as 16.87 and as low as 7.26, with a median of 13.29.
These are just a handful of the figures considered in ABM Industries's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ABM is an impressive value stock right now.
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. | One stock to keep an eye on is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. ABM's Forward P/E has been as high as 61.52 and as low as 10.01, with a median of 12.36, all within the past year. | These are just a handful of the figures considered in ABM Industries's great Value grade. ABM Industries Incorporated (ABM): Free Stock Analysis Report One stock to keep an eye on is ABM Industries (ABM). | One stock to keep an eye on is ABM Industries (ABM). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. | One stock to keep an eye on is ABM Industries (ABM). These are just a handful of the figures considered in ABM Industries's great Value grade. ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. |
29203.0 | 2022-09-09 00:00:00 UTC | Is ABM Industries (ABM) Outperforming Other Business Services Stocks This Year? | ABM | https://www.nasdaq.com/articles/is-abm-industries-abm-outperforming-other-business-services-stocks-this-year-0 | nan | nan | Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. ABM Industries (ABM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.
ABM Industries is a member of the Business Services sector. This group includes 327 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ABM Industries is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ABM's full-year earnings has moved 0% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ABM has moved about 12.8% on a year-to-date basis. Meanwhile, stocks in the Business Services group have lost about 24% on average. This means that ABM Industries is outperforming the sector as a whole this year.
ExlService Holdings (EXLS) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 21.7%.
For ExlService Holdings, the consensus EPS estimate for the current year has increased 2.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ABM Industries belongs to the Building Products - Maintenance Service industry, which includes 3 individual stocks and currently sits at #97 in the Zacks Industry Rank. On average, stocks in this group have gained 5.7% this year, meaning that ABM is performing better in terms of year-to-date returns.
On the other hand, ExlService Holdings belongs to the Outsourcing industry. This 14-stock industry is currently ranked #49. The industry has moved -4% year to date.
Investors interested in the Business Services sector may want to keep a close eye on ABM Industries and ExlService Holdings as they attempt to continue their solid 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 >>
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
ExlService Holdings, Inc. (EXLS): 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. | On average, stocks in this group have gained 5.7% this year, meaning that ABM is performing better in terms of year-to-date returns. Investors interested in the Business Services sector may want to keep a close eye on ABM Industries and ExlService Holdings as they attempt to continue their solid performance. ABM Industries (ABM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? | ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries (ABM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? ABM Industries is a member of the Business Services sector. | Looking more specifically, ABM Industries belongs to the Building Products - Maintenance Service industry, which includes 3 individual stocks and currently sits at #97 in the Zacks Industry Rank. ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries (ABM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? | This means that ABM Industries is outperforming the sector as a whole this year. ABM Industries (ABM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? ABM Industries is a member of the Business Services sector. |
29204.0 | 2022-09-09 00:00:00 UTC | ABM Industries (ABM) Surpasses Q3 Earnings and Revenue Estimates | ABM | https://www.nasdaq.com/articles/abm-industries-abm-surpasses-q3-earnings-and-revenue-estimates | nan | nan | ABM Industries (ABM) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.30%. 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 $0.84 per share when it actually produced earnings of $0.89, delivering a surprise of 5.95%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.96 billion for the quarter ended July 2022, surpassing the Zacks Consensus Estimate by 1.84%. This compares to year-ago revenues of $1.54 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 12.8% since the beginning of the year versus the S&P 500's decline of -16%.
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: 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 $0.90 on $2.01 billion in revenues for the coming quarter and $3.65 on $7.74 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 39% 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.
Core & Main (CNM), another stock in the broader Zacks Business Services sector, has yet to report results for the quarter ended July 2022. The results are expected to be released on September 13.
This distributor of water and fire protection products is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +430%. The consensus EPS estimate for the quarter has been revised 1.5% lower over the last 30 days to the current level.
Core & Main's revenues are expected to be $1.72 billion, up 32.4% 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 $0.94 per share, beating the Zacks Consensus Estimate of $0.91 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.96 billion for the quarter ended July 2022, surpassing the Zacks Consensus Estimate by 1.84%. ABM Industries shares have added about 12.8% since the beginning of the year versus the S&P 500's decline of -16%. | ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.96 billion for the quarter ended July 2022, surpassing the Zacks Consensus Estimate by 1.84%. ABM Industries (ABM) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.91 per share. ABM Industries shares have added about 12.8% since the beginning of the year versus the S&P 500's decline of -16%. | ABM Industries (ABM) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.91 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.96 billion for the quarter ended July 2022, surpassing the Zacks Consensus Estimate by 1.84%. ABM Industries shares have added about 12.8% since the beginning of the year versus the S&P 500's decline of -16%. | ABM Industries (ABM) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.91 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.96 billion for the quarter ended July 2022, surpassing the Zacks Consensus Estimate by 1.84%. ABM Industries shares have added about 12.8% since the beginning of the year versus the S&P 500's decline of -16%. |
29205.0 | 2022-09-02 00:00:00 UTC | ABM Industries (ABM) Reports Next Week: Wall Street Expects Earnings Growth | ABM | https://www.nasdaq.com/articles/abm-industries-abm-reports-next-week%3A-wall-street-expects-earnings-growth-0 | nan | nan | Wall Street expects a year-over-year increase in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended July 2022. 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 September 9, 2022, 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 management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds 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 $0.91 per share in its upcoming report, which represents a year-over-year change of +1.1%.
Revenues are expected to be $1.92 billion, up 24.6% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.17% higher 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. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
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 +0.22%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that ABM Industries will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. 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 $0.84 per share when it actually produced earnings of $0.89, delivering a surprise of +5.95%.
Over the last four quarters, the company has beaten consensus EPS estimates four 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 appears 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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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 increase in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended July 2022. 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 increase in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended July 2022. 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 increase in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended July 2022. How Have the Numbers Shaped Up for ABM Industries? | Wall Street expects a year-over-year increase in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended July 2022. 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 the last reported quarter, it was expected that ABM Industries would post earnings of $0.84 per share when it actually produced earnings of $0.89, delivering a surprise of +5.95%. |
29206.0 | 2022-08-31 00:00:00 UTC | Can ABM Industries (ABM) Keep the Earnings Surprise Streak Alive? | ABM | https://www.nasdaq.com/articles/can-abm-industries-abm-keep-the-earnings-surprise-streak-alive | nan | nan | Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering ABM Industries (ABM), which belongs to the Zacks Building Products - Maintenance Service industry.
This provider of cleaning and other maintenance services for commercial buildings, hospitals and airports has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 12.47%.
For the last reported quarter, ABM Industries came out with earnings of $0.89 per share versus the Zacks Consensus Estimate of $0.84 per share, representing a surprise of 5.95%. For the previous quarter, the company was expected to post earnings of $0.79 per share and it actually produced earnings of $0.94 per share, delivering a surprise of 18.99%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for ABM Industries. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. 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.
ABM Industries currently has an Earnings ESP of +0.22%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on September 9, 2022.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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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. | It is worth considering ABM Industries (ABM), which belongs to the Zacks Building Products - Maintenance Service industry. For the last reported quarter, ABM Industries came out with earnings of $0.89 per share versus the Zacks Consensus Estimate of $0.84 per share, representing a surprise of 5.95%. Price and EPS Surprise With this earnings history in mind, recent estimates have been moving higher for ABM Industries. | For the last reported quarter, ABM Industries came out with earnings of $0.89 per share versus the Zacks Consensus Estimate of $0.84 per share, representing a surprise of 5.95%. It is worth considering ABM Industries (ABM), which belongs to the Zacks Building Products - Maintenance Service industry. Price and EPS Surprise With this earnings history in mind, recent estimates have been moving higher for ABM Industries. | For the last reported quarter, ABM Industries came out with earnings of $0.89 per share versus the Zacks Consensus Estimate of $0.84 per share, representing a surprise of 5.95%. It is worth considering ABM Industries (ABM), which belongs to the Zacks Building Products - Maintenance Service industry. Price and EPS Surprise With this earnings history in mind, recent estimates have been moving higher for ABM Industries. | For the last reported quarter, ABM Industries came out with earnings of $0.89 per share versus the Zacks Consensus Estimate of $0.84 per share, representing a surprise of 5.95%. It is worth considering ABM Industries (ABM), which belongs to the Zacks Building Products - Maintenance Service industry. Price and EPS Surprise With this earnings history in mind, recent estimates have been moving higher for ABM Industries. |
29207.0 | 2022-08-24 00:00:00 UTC | ABM Industries (ABM) Upgraded to Buy: Here's What You Should Know | ABM | https://www.nasdaq.com/articles/abm-industries-abm-upgraded-to-buy%3A-heres-what-you-should-know | nan | nan | Investors might want to bet on ABM Industries (ABM), as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for ABM Industries is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For ABM Industries, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for ABM Industries
For the fiscal year ending October 2022, this provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is expected to earn $3.65 per share, which is a change of 2% from the year-ago reported number.
Analysts have been steadily raising their estimates for ABM Industries. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.1%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of ABM Industries to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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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 such, the Zacks rating upgrade for ABM Industries is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Investors might want to bet on ABM Industries (ABM), as it has been recently upgraded to a Zacks Rank #2 (Buy). For ABM Industries, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. | Investors might want to bet on ABM Industries (ABM), as it has been recently upgraded to a Zacks Rank #2 (Buy). As such, the Zacks rating upgrade for ABM Industries is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. For ABM Industries, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. | You can learn more about the Zacks Rank here >>> The upgrade of ABM Industries to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Investors might want to bet on ABM Industries (ABM), as it has been recently upgraded to a Zacks Rank #2 (Buy). As such, the Zacks rating upgrade for ABM Industries is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. | You can learn more about the Zacks Rank here >>> The upgrade of ABM Industries to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. ABM Industries Incorporated (ABM): Free Stock Analysis Report Investors might want to bet on ABM Industries (ABM), as it has been recently upgraded to a Zacks Rank #2 (Buy). |
29208.0 | 2022-08-24 00:00:00 UTC | Has ABM Industries (ABM) Outpaced Other Business Services Stocks This Year? | ABM | https://www.nasdaq.com/articles/has-abm-industries-abm-outpaced-other-business-services-stocks-this-year-3 | nan | nan | Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is ABM Industries (ABM) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
ABM Industries is a member of our Business Services group, which includes 328 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ABM Industries is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ABM's full-year earnings has moved 1.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ABM has gained about 14.8% so far this year. Meanwhile, stocks in the Business Services group have lost about 21.5% on average. This means that ABM Industries is outperforming the sector as a whole this year.
One other Business Services stock that has outperformed the sector so far this year is ExlService Holdings (EXLS). The stock is up 21.1% year-to-date.
Over the past three months, ExlService Holdings' consensus EPS estimate for the current year has increased 1.8%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 3 individual companies and currently sits at #39 in the Zacks Industry Rank. On average, this group has gained an average of 4.9% so far this year, meaning that ABM is performing better in terms of year-to-date returns.
ExlService Holdings, however, belongs to the Outsourcing industry. Currently, this 14-stock industry is ranked #34. The industry has moved +0.9% so far this year.
ABM Industries and ExlService Holdings could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
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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 is a member of our Business Services group, which includes 328 different companies and currently sits at #6 in the Zacks Sector Rank. Is ABM Industries (ABM) one of those stocks right now? ABM Industries is currently sporting a Zacks Rank of #2 (Buy). | ABM Industries is a member of our Business Services group, which includes 328 different companies and currently sits at #6 in the Zacks Sector Rank. ABM Industries and ExlService Holdings could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks. Is ABM Industries (ABM) one of those stocks right now? | Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 3 individual companies and currently sits at #39 in the Zacks Industry Rank. ABM Industries and ExlService Holdings could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks. Is ABM Industries (ABM) one of those stocks right now? | Is ABM Industries (ABM) one of those stocks right now? ABM Industries is a member of our Business Services group, which includes 328 different companies and currently sits at #6 in the Zacks Sector Rank. ABM Industries Incorporated (ABM): Free Stock Analysis Report |
29209.0 | 2022-08-24 00:00:00 UTC | Are Investors Undervaluing ABM Industries (ABM) Right Now? | ABM | https://www.nasdaq.com/articles/are-investors-undervaluing-abm-industries-abm-right-now-0 | nan | nan | Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is ABM Industries (ABM). ABM is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 12.07 right now. For comparison, its industry sports an average P/E of 30.40. ABM's Forward P/E has been as high as 61.52 and as low as 10.01, with a median of 12.50, all within the past year.
Finally, investors will want to recognize that ABM has a P/CF ratio of 13.21. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. ABM's P/CF compares to its industry's average P/CF of 37.94. ABM's P/CF has been as high as 16.87 and as low as 7.26, with a median of 13.27, all within the past year.
These are only a few of the key metrics included in ABM Industries's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, ABM looks like an impressive value stock at the moment.
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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. | One stock to keep an eye on is ABM Industries (ABM). ABM is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. ABM's Forward P/E has been as high as 61.52 and as low as 10.01, with a median of 12.50, all within the past year. | ABM Industries Incorporated (ABM): Free Stock Analysis Report One stock to keep an eye on is ABM Industries (ABM). ABM is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. | One stock to keep an eye on is ABM Industries (ABM). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. | One stock to keep an eye on is ABM Industries (ABM). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. |
29210.0 | 2022-08-19 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 | nan | nan | ABM Industries Incorporated ABM currently benefits from strategic acquisitions and investor-friendly steps.
ABM’s earnings are anticipated to grow 2% and 8.2% in 2022 and 2023, respectively. Shares of ABM Industries have rallied 18.7% in the year-to-date period compared with the 7.1% rise of the industry it belongs to.
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Factors That Augur Well
ABM Industries' strategy entails growth through strategic acquisitions and organic investment. The buyout of Able Services strengthens ABM’s engineering and technical services, expands its sustainability and energy efficiency offerings and bolsters its core businesses and key geographies.
ABM’s multi-year comprehensive strategic plan ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, develop its own talent management system capabilities, expand data usage and modernize the digital ecosystem.
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 as dividends but did not repurchase any shares. In fiscal 2020, it returned $49.3 million via dividend payment and $5.1 million through share buyback. In fiscal 2019, ABM returned $47.7 million of dividends to its shareholders but did not repurchase any shares. Such moves underpin its commitment to creating shareholder value and instilling confidence in its business. These initiatives not only boost investors’ confidence but also positively impact the earnings per share.
A Key Risk
ABM Industries' current ratio (a measure of liquidity) at the end of the April-quarter stands at 1.18, lower than the current ratio of 1.41 reported at the end of the prior-year quarter. Decreasing current ratio is not desirable as it indicates that a 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, Genpact Limited (G) 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.
Genpact carries a Zacks Rank of 2 at present. G has a long-term earnings growth expectation of 12.3%.
Genpact delivered a trailing four-quarter earnings surprise of 10.1%, on average.
CRA International flaunts a Zacks Rank of 1, 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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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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Charles River Associates (CRAI): Free Stock Analysis Report
Avis Budget Group, Inc. (CAR): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Genpact Limited (G): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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’s multi-year comprehensive strategic plan ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, develop its own talent management system capabilities, expand data usage and modernize the digital ecosystem. We are also impressed with ABM Industries’ endeavors in rewarding its shareholders through dividend payments and share repurchases. ABM Industries Incorporated ABM currently benefits from strategic acquisitions and investor-friendly steps. | 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 currently benefits from strategic acquisitions and investor-friendly steps. | Image Source: Zacks Investment Research Factors That Augur Well ABM Industries' strategy entails growth through strategic acquisitions and organic investment. Zacks Rank and Stocks to Consider ABM Industries currently carries a Zacks Rank #3 (Hold). ABM Industries Incorporated (ABM): Free Stock Analysis Report | 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 currently benefits from strategic acquisitions and investor-friendly steps. |
29211.0 | 2022-08-19 00:00:00 UTC | ABM Industries (ABM) Announces the Acquisition of RavenVolt | ABM | https://www.nasdaq.com/articles/abm-industries-abm-announces-the-acquisition-of-ravenvolt | nan | nan | ABM Industries Incorporated ABM announced yesterday that it has acquired advanced turn-key microgrid systems provider RavenVolt.
Alpharetta, GA-based RavenVolt designs and installs customized microgrid solutions such as generators and switchgears that provide modular and redundant power.
Financial Terms
The maximum purchase price of $450 million includes $170 million in cash at closing and a $280 million aggregate post-closing earn-out consideration, payable in cash in 2024, 2025, and 2026, based on RavenVolt business accomplishing certain financial metrics in 2023, 2024 and 2025. RavenVolt will have to produce a cumulative EBITDA of $150 million from 2023 through 2025 to achieve the earn-out of $280 million.
ABM’s Platter
The acquisition is a part of ABM’s ELEVATE strategy that focuses on expanding the company’s footprint in potential geographies and end markets through strategic acquisitions.
RavenVolt’s addition will help in expanding 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.
Mark Hawkinson, President of ABM’s Technical Solutions group, said, “Besides the clear synergies with our eMobility and Power businesses, RavenVolt also increases our opportunities in Manufacturing & Distribution, Education, and through our Bundled Energy Solutions offerings. We also see opportunities to cross-sell core ABM services to existing RavenVolt clients, especially for ongoing engineering and maintenance of installed systems.”
ABM shares have gained 18.7% year to date, significantly outperforming the 7.1% rise in the industry it belongs to.
ABM Industries Incorporated Price
ABM Industries Incorporated price | ABM Industries Incorporated Quote
Zacks Rank and Stocks to Consider
ABM currently carries a Zacks Rank #3 (Hold).
Investors interestedin the broader Zacks Business Services sector can also consider stocks like Avis Budget Group, Inc. CAR, Genpact Limited G and CRA International, Inc. CRAI.
Avis Budget sports a Zacks Rank #1 (Strong Buy), at present. CAR has an earnings growth rate of 108.4% for the year 2022. You can see the complete list of today’s Zacks #1 Rank stocks here.
Avis Budget delivered a trailing four-quarter earnings surprise of 69.5%, on average.
CRA International currentlysports a Zacks Rank #1. CRAI has a long-term earnings growth expectation of 14.3%.
CRAI delivered a trailing four-quarter earnings surprise of 26%, on average.
Genpact carries a Zacks Rank of 2 (Buy) at present. G has a long-term earnings growth expectation of 12.1%.
Genpact 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
Charles River Associates (CRAI): Free Stock Analysis Report
Avis Budget Group, Inc. (CAR): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Genpact Limited (G): 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 announced yesterday that it has acquired advanced turn-key microgrid systems provider RavenVolt. ABM’s Platter The acquisition is a part of ABM’s ELEVATE strategy that focuses on expanding the company’s footprint in potential geographies and end markets through strategic acquisitions. RavenVolt’s addition will help in expanding ABM’s Technical Solutions service offerings, strengthening its foothold in EV infrastructure, power and bundled energy solutions markets. | ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Zacks Rank and Stocks to Consider ABM currently carries a Zacks Rank #3 (Hold). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Incorporated ABM announced yesterday that it has acquired advanced turn-key microgrid systems provider RavenVolt. | We also see opportunities to cross-sell core ABM services to existing RavenVolt clients, especially for ongoing engineering and maintenance of installed systems.” ABM shares have gained 18.7% year to date, significantly outperforming the 7.1% rise in the industry it belongs to. ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Zacks Rank and Stocks to Consider ABM 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 Incorporated ABM announced yesterday that it has acquired advanced turn-key microgrid systems provider RavenVolt. ABM’s Platter The acquisition is a part of ABM’s ELEVATE strategy that focuses on expanding the company’s footprint in potential geographies and end markets through strategic acquisitions. |
29212.0 | 2022-08-04 00:00:00 UTC | A number of insiders bought ABM Industries Incorporated (NYSE:ABM) stock last year, which is great news for shareholders | ABM | https://www.nasdaq.com/articles/a-number-of-insiders-bought-abm-industries-incorporated-nyse%3Aabm-stock-last-year-which-is | nan | nan | Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of ABM Industries Incorporated (NYSE:ABM), it sends a favourable message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
ABM Industries Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Executive VP and Chief Strategy & Transformation Officer Joshua Feinberg bought US$248k worth of shares at a price of US$39.16 per share. We do like to see buying, but this purchase was made at well below the current price of US$44.89. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
In the last twelve months insiders purchased 7.93k shares for US$322k. On the other hand they divested 4.54k shares, for US$212k. Overall, ABM Industries insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
NYSE:ABM Insider Trading Volume August 4th 2022
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
ABM Industries Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at ABM Industries. Specifically, Executive VP and Chief Strategy & Transformation Officer Joshua Feinberg bought US$248k worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.
Insider Ownership Of ABM Industries
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.8% of ABM Industries shares, worth about US$23m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The ABM Industries Insider Transactions Indicate?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in ABM Industries shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 4 warning signs for ABM Industries you should be aware of, and 1 of these is concerning.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | However, when several insiders are buying, like in the case of ABM Industries Incorporated (NYSE:ABM), it sends a favourable message to the company's shareholders. ABM Industries Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Executive VP and Chief Strategy & Transformation Officer Joshua Feinberg bought US$248k worth of shares at a price of US$39.16 per share. Overall, ABM Industries insiders were net buyers during the last year. | ABM Industries Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Executive VP and Chief Strategy & Transformation Officer Joshua Feinberg bought US$248k worth of shares at a price of US$39.16 per share. ABM Industries Insiders Bought Stock Recently Over the last three months, we've seen significant insider buying at ABM Industries. However, when several insiders are buying, like in the case of ABM Industries Incorporated (NYSE:ABM), it sends a favourable message to the company's shareholders. | ABM Industries Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Executive VP and Chief Strategy & Transformation Officer Joshua Feinberg bought US$248k worth of shares at a price of US$39.16 per share. ABM Industries Insiders Bought Stock Recently Over the last three months, we've seen significant insider buying at ABM Industries. Insiders likely see value in ABM Industries shares, given these transactions (along with notable insider ownership of the company). | ABM Industries Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Executive VP and Chief Strategy & Transformation Officer Joshua Feinberg bought US$248k worth of shares at a price of US$39.16 per share. Insiders own 0.8% of ABM Industries shares, worth about US$23m. So What Do The ABM Industries Insider Transactions Indicate? |
29213.0 | 2022-07-29 00:00:00 UTC | ABM Industries Shares Cross Above 200 DMA | ABM | https://www.nasdaq.com/articles/abm-industries-shares-cross-above-200-dma | nan | nan | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.74, changing hands as high as $45.13 per share. ABM Industries, Inc. shares are currently trading up about 0.9% 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 $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $44.88.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
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) crossed above their 200 day moving average of $44.74, changing hands as high as $45.13 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 $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $44.88. ABM Industries, Inc. shares are currently trading up about 0.9% on the day. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.74, changing hands as high as $45.13 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 $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $44.88. ABM Industries, Inc. shares are currently trading up about 0.9% on the day. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.74, changing hands as high as $45.13 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 $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $44.88. ABM Industries, Inc. shares are currently trading up about 0.9% on the day. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $44.74, changing hands as high as $45.13 per share. ABM Industries, Inc. shares are currently trading up about 0.9% 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 $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $44.88. |
29214.0 | 2022-07-26 00:00:00 UTC | Is ABM Industries (ABM) Stock Undervalued Right Now? | ABM | https://www.nasdaq.com/articles/is-abm-industries-abm-stock-undervalued-right-now-0 | nan | nan | While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 11.11 right now. For comparison, its industry sports an average P/E of 30.40. Over the last 12 months, ABM's Forward P/E has been as high as 61.52 and as low as 10.01, with a median of 12.86.
Finally, our model also underscores that ABM has a P/CF ratio of 12.08. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. ABM's current P/CF looks attractive when compared to its industry's average P/CF of 37.59. ABM's P/CF has been as high as 16.87 and as low as 6.55, with a median of 13.20, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that ABM Industries is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ABM feels like a great value stock at the moment.
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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. | These figures are just a handful of the metrics value investors tend to look at, but they help show that ABM Industries is likely being undervalued right now. One stock to keep an eye on is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. | ABM Industries Incorporated (ABM): Free Stock Analysis Report One stock to keep an eye on is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. | One stock to keep an eye on is ABM Industries (ABM). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. | One stock to keep an eye on is ABM Industries (ABM). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. |
29215.0 | 2022-07-25 00:00:00 UTC | ABM Industries (ABM) Outpaces Stock Market Gains: What You Should Know | ABM | https://www.nasdaq.com/articles/abm-industries-abm-outpaces-stock-market-gains%3A-what-you-should-know-1 | nan | nan | In the latest trading session, ABM Industries (ABM) closed at $43.54, marking a +1.37% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.13%. Meanwhile, the Dow gained 0.28%, and the Nasdaq, a tech-heavy index, lost 0.04%.
Prior to today's trading, shares of the provider of cleaning and other maintenance services for commercial buildings, hospitals and airports had lost 2.81% over the past month. This has lagged the Business Services sector's gain of 7.09% and the S&P 500's gain of 5.55% in that time.
Wall Street will be looking for positivity from ABM Industries as it approaches its next earnings report date. On that day, ABM Industries is projected to report earnings of $0.91 per share, which would represent year-over-year growth of 1.11%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.92 billion, up 24.24% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.65 per share and revenue of $7.72 billion. These totals would mark changes of +1.96% and +23.88%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ABM Industries. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ABM Industries is currently a Zacks Rank #2 (Buy).
Digging into valuation, ABM Industries currently has a Forward P/E ratio of 11.77. Its industry sports an average Forward P/E of 11.77, so we one might conclude that ABM Industries is trading at a no noticeable deviation comparatively.
The Building Products - Maintenance Service industry is part of the Business Services sector. This group has a Zacks Industry Rank of 97, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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. | In the latest trading session, ABM Industries (ABM) closed at $43.54, marking a +1.37% move from the previous day. Wall Street will be looking for positivity from ABM Industries as it approaches its next earnings report date. On that day, ABM Industries is projected to report earnings of $0.91 per share, which would represent year-over-year growth of 1.11%. | ABM Industries Incorporated (ABM): Free Stock Analysis Report In the latest trading session, ABM Industries (ABM) closed at $43.54, marking a +1.37% move from the previous day. Wall Street will be looking for positivity from ABM Industries as it approaches its next earnings report date. | In the latest trading session, ABM Industries (ABM) closed at $43.54, marking a +1.37% move from the previous day. ABM Industries Incorporated (ABM): Free Stock Analysis Report Wall Street will be looking for positivity from ABM Industries as it approaches its next earnings report date. | In the latest trading session, ABM Industries (ABM) closed at $43.54, marking a +1.37% move from the previous day. ABM Industries is currently a Zacks Rank #2 (Buy). Wall Street will be looking for positivity from ABM Industries as it approaches its next earnings report date. |
29216.0 | 2022-07-23 00:00:00 UTC | 2 Industrial Stocks You Can Buy and Hold for the Next Decade | ABM | https://www.nasdaq.com/articles/2-industrial-stocks-you-can-buy-and-hold-for-the-next-decade | nan | nan | With fears of a recession looming, investors might be wary of wading into the industrials sector of the economy. Because it relies heavily on economic growth to produce positive returns, the specter of further contraction has weighed on the segment's performance, which is down over 15% so far this year.
Yet that's ever so slightly better than the broad market S&P 500 index, which is down more than 17%, because production and capacity utilization jumped higher than their pre-pandemic levels as demand after the 2020 lockdowns surged.
Image source: Getty Images.
That's why it's important to choose your investments carefully, picking up businesses in the space that have solid records to run on and may be significantly discounted to boot. It gives investors the chance to build a portfolio with great companies that, held onto for a decade or more, promise to generate superior returns.
The two industrial stocks below offer all that in spades.
ABM Industries
Janitorial services and facilities management leader ABM Industries (NYSE: ABM) is one of my favorite stocks because it's such an under-the-radar company that it goes unnoticed by large swaths of the market. Swabbing floors and disinfecting conference rooms just isn't as sexy as the latest biotech or electric car innovation.
Yet ABM has made a career out of putting in the work year after year and rewarding investors who have stuck by it. Founded over 100 years ago, the janitorial services specialist has seen it all in terms of the economy, the highs and lows, and the good and the bad. For the last 57 years it has shared its success with investors by paying a dividend, and has increased the payout for over 50 years, making it a Dividend King.
ABM's record of growing sales is solid because of a history of strong customer retention and strategic acquisitions to bolster the business. While inflation, a constrained job market, the ongoing supply chain crisis, and a possible recession all factor into near-term concerns, ABM still sees its momentum growing because of continued demand for its core janitorial services as well as its market-leading positioning, which attracts new customers. It reported an 11% gain in new sales bookings last quarter worth $795 million.
ABM Industries might ebb and flow a bit with the business cycle, but over the long haul this is a stock that can help investors clean up.
Emerson Electric
Emerson Electric (NYSE: EMR) is another example of an excellent business hiding in plain sight.
Millions of consumers and professional tradespeople rely upon the quality of Home Depot's (NYSE: HD) store brand Ridgid without ever realizing it's made by Emerson. The same goes for other popular names like Greenlee and InSinkErator. Emerson also makes original equipment manufacturer replacement parts for well-respected HVAC companies like Carrier, Rheem, and Trane.
Emerson's another company with a long track record of growth, having been founded over 130 years ago. Like ABM, it is also a Dividend King, but having paid a dividend every year since 1947, it has raised the payout for 65 consecutive years. Today the dividend yields 2.5% annually.
The stock is down 22% from its all-time high hit last year, and is off 12% year to date. But there's good reason to expect it can buck current trends as it is seen as a stock that correlates closely to oil prices, particularly through its automation solutions segment.
While oil prices are down from their own recent highs, at around $100 a barrel they remain quite elevated on a historic basis and are expected to remain so for the foreseeable future. Emerson's automation business saw trailing three-month underlying orders jump 17% last quarter, and its segment backlog increased $400 million to $6.4 billion.
There's a baseball saying, "Hit 'em where they ain't," and Emerson Electric is an example of a stock investors can get into because there ain't many people going there. Holding it for decades to come is a move your portfolio will come to appreciate over time.
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Rich Duprey has positions in ABM Industries. The Motley Fool has positions in and recommends Home Depot. 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. | While inflation, a constrained job market, the ongoing supply chain crisis, and a possible recession all factor into near-term concerns, ABM still sees its momentum growing because of continued demand for its core janitorial services as well as its market-leading positioning, which attracts new customers. ABM Industries Janitorial services and facilities management leader ABM Industries (NYSE: ABM) is one of my favorite stocks because it's such an under-the-radar company that it goes unnoticed by large swaths of the market. Yet ABM has made a career out of putting in the work year after year and rewarding investors who have stuck by it. | ABM Industries Janitorial services and facilities management leader ABM Industries (NYSE: ABM) is one of my favorite stocks because it's such an under-the-radar company that it goes unnoticed by large swaths of the market. Yet ABM has made a career out of putting in the work year after year and rewarding investors who have stuck by it. ABM's record of growing sales is solid because of a history of strong customer retention and strategic acquisitions to bolster the business. | ABM Industries Janitorial services and facilities management leader ABM Industries (NYSE: ABM) is one of my favorite stocks because it's such an under-the-radar company that it goes unnoticed by large swaths of the market. 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! | ABM Industries Janitorial services and facilities management leader ABM Industries (NYSE: ABM) is one of my favorite stocks because it's such an under-the-radar company that it goes unnoticed by large swaths of the market. * 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! Yet ABM has made a career out of putting in the work year after year and rewarding investors who have stuck by it. |
29217.0 | 2022-07-22 00:00:00 UTC | Are Business Services Stocks Lagging ABM Industries (ABM) This Year? | ABM | https://www.nasdaq.com/articles/are-business-services-stocks-lagging-abm-industries-abm-this-year-0 | nan | nan | For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has ABM Industries (ABM) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
ABM Industries is one of 330 companies in the Business Services group. The Business Services group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ABM Industries is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ABM's full-year earnings has moved 1.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ABM has returned about 5.6% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of -22.5% on a year-to-date basis. As we can see, ABM Industries is performing better than its sector in the calendar year.
Another Business Services stock, which has outperformed the sector so far this year, is CRA International (CRAI). The stock has returned 1% year-to-date.
Over the past three months, CRA International's consensus EPS estimate for the current year has increased 3.9%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, ABM Industries belongs to the Building Products - Maintenance Service industry, a group that includes 3 individual stocks and currently sits at #44 in the Zacks Industry Rank. On average, this group has gained an average of 5.1% so far this year, meaning that ABM is performing better in terms of year-to-date returns.
CRA International, however, belongs to the Consulting Services industry. Currently, this 15-stock industry is ranked #56. The industry has moved -27.1% so far this year.
Going forward, investors interested in Business Services stocks should continue to pay close attention to ABM Industries and CRA International as they could maintain their solid 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.
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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. | Going forward, investors interested in Business Services stocks should continue to pay close attention to ABM Industries and CRA International as they could maintain their solid performance. Has ABM Industries (ABM) been one of those stocks this year? ABM Industries is one of 330 companies in the Business Services group. | ABM Industries Incorporated (ABM): Free Stock Analysis Report Has ABM Industries (ABM) been one of those stocks this year? ABM Industries is one of 330 companies in the Business Services group. | Has ABM Industries (ABM) been one of those stocks this year? Looking more specifically, ABM Industries belongs to the Building Products - Maintenance Service industry, a group that includes 3 individual stocks and currently sits at #44 in the Zacks Industry Rank. ABM Industries Incorporated (ABM): Free Stock Analysis Report | ABM Industries is one of 330 companies in the Business Services group. As we can see, ABM Industries is performing better than its sector in the calendar year. Has ABM Industries (ABM) been one of those stocks this year? |
29218.0 | 2022-07-12 00:00:00 UTC | Tuesday Sector Leaders: Waste Management, Auto Parts | ABM | https://www.nasdaq.com/articles/tuesday-sector-leaders%3A-waste-management-auto-parts | nan | nan | In trading on Tuesday, waste management shares were relative leaders, up on the day by about 17.3%. Leading the group were shares of Sharps Compliance, up about 193.9% and shares of ABM Industries up about 1.2% on the day.
Also showing relative strength are auto parts shares, up on the day by about 4.6% as a group, led by Canoo, trading higher by about 77.6% and Adient, trading higher by about 7.4% on Tuesday.
VIDEO: Tuesday Sector Leaders: Waste Management, Auto Parts
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Leading the group were shares of Sharps Compliance, up about 193.9% and shares of ABM Industries up about 1.2% on the day. In trading on Tuesday, waste management shares were relative leaders, up on the day by about 17.3%. Also showing relative strength are auto parts shares, up on the day by about 4.6% as a group, led by Canoo, trading higher by about 77.6% and Adient, trading higher by about 7.4% on Tuesday. | Leading the group were shares of Sharps Compliance, up about 193.9% and shares of ABM Industries up about 1.2% on the day. In trading on Tuesday, waste management shares were relative leaders, up on the day by about 17.3%. Also showing relative strength are auto parts shares, up on the day by about 4.6% as a group, led by Canoo, trading higher by about 77.6% and Adient, trading higher by about 7.4% on Tuesday. | Leading the group were shares of Sharps Compliance, up about 193.9% and shares of ABM Industries up about 1.2% on the day. In trading on Tuesday, waste management shares were relative leaders, up on the day by about 17.3%. Also showing relative strength are auto parts shares, up on the day by about 4.6% as a group, led by Canoo, trading higher by about 77.6% and Adient, trading higher by about 7.4% on Tuesday. | Leading the group were shares of Sharps Compliance, up about 193.9% and shares of ABM Industries up about 1.2% on the day. In trading on Tuesday, waste management shares were relative leaders, up on the day by about 17.3%. Also showing relative strength are auto parts shares, up on the day by about 4.6% as a group, led by Canoo, trading higher by about 77.6% and Adient, trading higher by about 7.4% on Tuesday. |
29219.0 | 2022-07-08 00:00:00 UTC | Why Is ABM Industries (ABM) Down 0.3% Since Last Earnings Report? | ABM | https://www.nasdaq.com/articles/why-is-abm-industries-abm-down-0.3-since-last-earnings-report | nan | nan | A month has gone by since the last earnings report for ABM Industries (ABM). Shares have lost about 0.3% in that time frame, outperforming 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 the most recent earnings report in order to get a better handle on the important catalysts.
ABM Industries Surpasses Q2 Earnings Estimates
ABM Industries reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same.
Adjusted earnings from continuing operations came in at 89 cents per share, beating the consensus mark by 6% and increasing 8.5% year over year. The bottom line benefited from increased operating earnings on higher revenues and the benefits of one less work day. These were, however, partially offset by the impact of a decline in the volume of higher-margin virus protection services and work orders, as well as higher costs.
Total revenues of $1.89 billion missed the consensus estimate by 1% while improving 26.7% from the year-ago level. The upside was backed by solid demand across the company’s Business & Industry, Aviation, Manufacturing & Distribution, and Technical Solutions segments, especially in its eMobility business. Quarterly revenue growth includes 7.5% organic growth and 19.2% from acquisitions.
Quarterly results benefited from contributions from acquisitions, solid demand for the company’s core janitorial services, and continued recovery in the aviation industry. These were, however, partially offset by the expected decline in disinfection-related work orders and EnhancedClean services.
Segment-Wise Revenues
Business & Industry revenues increased 48.9% year over year to $1.00 billion. Manufacturing & Distribution revenues inched up 4.9% year over year to $356.9 million. Aviation revenues increased 27.4% year over year to $185.9 million. Technical Solutions revenues increased 18.1% year over year to $147 million.
Education revenues of $204.4 million, however, decreased 3.9% from the prior-year quarter.
Operating Results
Adjusted EBITDA came in at $118.9 million compared with $106.6 million in the year-ago quarter. Adjusted EBITDA margin was 6.5% compared with 7.4% in the year-ago quarter.
Operating expenses increased 29.3% from the year-ago figure to $1.65 billion. Selling, general and administrative expenses declined 3.1% from the year-ago level to $156.8 million.
Balance Sheet & Cash Flow
ABM Industries exited second-quarter fiscal 2022 with cash and cash equivalents of $48.9 million compared with $46.6 million at the end of the prior quarter. Long-term debt was $986.6 million compared with $971.9 million at the end of the prior quarter.
Net cash used in operating activities totaled $43.9 million for the reported quarter. Free cash flow came in at $53.9 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 on Aug 1, 2022 to stockholders of record as of Jul 7, 2022. This marked the 225th consecutive quarterly cash dividend by the company.
During the reported quarter, the company repurchased 0.7 million shares at an average price of $43.5, for a total cost of $30 million.
Fiscal 2022 Guidance
For fiscal 2022, ABM Industries reaffirmed its guidance for adjusted income from continuing operations, which is expected to be in the range of $3.50-$3.70 per share
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
VGM Scores
At this time, ABM Industries has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. 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 B. 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. Notably, ABM Industries has a Zacks Rank #2 (Buy). We expect an above 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.
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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 reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. | ABM Industries Surpasses Q2 Earnings Estimates ABM Industries reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. Balance Sheet & Cash Flow ABM Industries exited second-quarter fiscal 2022 with cash and cash equivalents of $48.9 million compared with $46.6 million at the end of the prior quarter. A month has gone by since the last earnings report for ABM Industries (ABM). | ABM Industries Surpasses Q2 Earnings Estimates ABM Industries reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. Balance Sheet & Cash Flow ABM Industries exited second-quarter fiscal 2022 with cash and cash equivalents of $48.9 million compared with $46.6 million at the end of the prior quarter. VGM Scores At this time, ABM Industries has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. 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. | 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 reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. |
29220.0 | 2022-07-08 00:00:00 UTC | Is ABM Industries (ABM) a Great Value Stock Right Now? | ABM | https://www.nasdaq.com/articles/is-abm-industries-abm-a-great-value-stock-right-now-0 | nan | nan | The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 10.96. This compares to its industry's average Forward P/E of 29.87. Over the past year, ABM's Forward P/E has been as high as 61.52 and as low as 10.01, with a median of 12.96.
Finally, investors should note that ABM has a P/CF ratio of 11.87. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. ABM's current P/CF looks attractive when compared to its industry's average P/CF of 36.98. Within the past 12 months, ABM's P/CF has been as high as 16.87 and as low as 6.15, with a median of 13.20.
These are just a handful of the figures considered in ABM Industries's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ABM is an impressive value stock right now.
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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock to keep an eye on is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Over the past year, ABM's Forward P/E has been as high as 61.52 and as low as 10.01, with a median of 12.96. | These are just a handful of the figures considered in ABM Industries's great Value grade. ABM Industries Incorporated (ABM): Free Stock Analysis Report One stock to keep an eye on is ABM Industries (ABM). | One stock to keep an eye on is ABM Industries (ABM). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. | One stock to keep an eye on is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Over the past year, ABM's Forward P/E has been as high as 61.52 and as low as 10.01, with a median of 12.96. |
29221.0 | 2022-07-06 00:00:00 UTC | Is ABM Industries (ABM) Stock Outpacing Its Business Services Peers This Year? | ABM | https://www.nasdaq.com/articles/is-abm-industries-abm-stock-outpacing-its-business-services-peers-this-year-1 | nan | nan | For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has ABM Industries (ABM) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
ABM Industries is one of 330 individual stocks in the Business Services sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ABM Industries is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ABM's full-year earnings has moved 1.5% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ABM has returned about 4.6% since the start of the calendar year. At the same time, Business Services stocks have lost an average of 26.9%. As we can see, ABM Industries is performing better than its sector in the calendar year.
Another Business Services stock, which has outperformed the sector so far this year, is Hudson Global (HSON). The stock has returned 5.8% year-to-date.
For Hudson Global, the consensus EPS estimate for the current year has increased 38.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 3 individual companies and currently sits at #14 in the Zacks Industry Rank. On average, stocks in this group have gained 1% this year, meaning that ABM is performing better in terms of year-to-date returns.
In contrast, Hudson Global falls under the Outsourcing industry. Currently, this industry has 14 stocks and is ranked #38. Since the beginning of the year, the industry has moved -14.4%.
Investors interested in the Business Services sector may want to keep a close eye on ABM Industries and Hudson Global as they attempt to continue their solid 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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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. | Investors interested in the Business Services sector may want to keep a close eye on ABM Industries and Hudson Global as they attempt to continue their solid performance. Has ABM Industries (ABM) been one of those stocks this year? ABM Industries is one of 330 individual stocks in the Business Services sector. | ABM Industries Incorporated (ABM): Free Stock Analysis Report Has ABM Industries (ABM) been one of those stocks this year? ABM Industries is one of 330 individual stocks in the Business Services sector. | Has ABM Industries (ABM) been one of those stocks this year? Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 3 individual companies and currently sits at #14 in the Zacks Industry Rank. ABM Industries is one of 330 individual stocks in the Business Services sector. | As we can see, ABM Industries is performing better than its sector in the calendar year. Has ABM Industries (ABM) been one of those stocks this year? ABM Industries is one of 330 individual stocks in the Business Services sector. |
29222.0 | 2022-07-05 00:00:00 UTC | Reminder - ABM Industries Goes Ex-Dividend Soon | ABM | https://www.nasdaq.com/articles/reminder-abm-industries-goes-ex-dividend-soon | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 7/6/22, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.195, payable on 8/1/22. As a percentage of ABM's recent stock price of $42.26, this dividend works out to approximately 0.46%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABM is likely to continue, and whether the current estimated yield of 1.85% on annualized basis is a reasonable expectation of annual yield going forward. 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 $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $42.18.
Free Report: Top 7%+ Dividends (paid monthly)
In Tuesday trading, ABM Industries, Inc. shares are currently down about 2.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABM is likely to continue, and whether the current estimated yield of 1.85% on annualized basis is a reasonable expectation of annual yield going forward. 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 $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $42.18. Free Report: Top 7%+ Dividends (paid monthly) In Tuesday trading, ABM Industries, Inc. shares are currently down about 2.2% on the day. | Looking at the universe of stocks we cover at Dividend Channel, on 7/6/22, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.195, payable on 8/1/22. 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 $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $42.18. Free Report: Top 7%+ Dividends (paid monthly) In Tuesday trading, ABM Industries, Inc. shares are currently down about 2.2% on the day. | Looking at the universe of stocks we cover at Dividend Channel, on 7/6/22, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.195, payable on 8/1/22. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABM is likely to continue, and whether the current estimated yield of 1.85% on annualized basis is a reasonable expectation of annual yield going forward. 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 $38.08 per share, with $54 as the 52 week high point — that compares with a last trade of $42.18. | Looking at the universe of stocks we cover at Dividend Channel, on 7/6/22, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.195, payable on 8/1/22. As a percentage of ABM's recent stock price of $42.26, this dividend works out to approximately 0.46%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABM is likely to continue, and whether the current estimated yield of 1.85% on annualized basis is a reasonable expectation of annual yield going forward. |
29223.0 | 2022-06-30 00:00:00 UTC | Why a Hold Strategy is Apt for ABM Industries (ABM) Stock Now | ABM | https://www.nasdaq.com/articles/why-a-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 investment. The company’s revenues are expected to increase 23.9% and 4.7% year over year in fiscal 2022 and 2023, respectively. The stock gained 4.6% in the past six 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 recent acquisition of Dublin-based janitorial services company — Momentum Support — is expected to strengthen 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 presence in the Republic of Ireland and Northern Ireland.
ABM focuses on rewarding its shareholders through dividends. The company paid $51 million, $49.3 million and $47.7 million in dividends in fiscal 2021, 2020 and 2019, 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 January quarter was pegged at 1.17, 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 & Stocks to Consider
ABM currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Business Services sector that investors can consider are Cross Country Healthcare CCRN and Avis Budget CAR, both sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Cross Country Healthcare has an expected earnings growth rate of 55.9% for the current year. CCRN has a trailing four-quarter earnings surprise of 29.2%, on average.
Cross Country Healthcare has a long-term earnings growth rate of 6.9%.
Avis Budget has an expected earnings growth rate of 74.7% for the current year. CAR delivered a trailing four-quarter earnings surprise of 102.1%, on average.
Avis Budget has a long-term earnings growth rate of 19.4%.
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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Avis Budget Group, Inc. (CAR): Free Stock Analysis Report
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To read this article on Zacks.com 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. | The recent acquisition of Dublin-based janitorial services company — Momentum Support — is expected to strengthen 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 investment. 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. ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Incorporated ABM is currently benefiting from growth through strategic acquisitions as well as organic investment. | 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 (ABM): Free Stock Analysis Report ABM Industries Incorporated ABM is currently benefiting from growth through strategic acquisitions as well as organic investment. | ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Incorporated ABM is currently benefiting from growth through strategic acquisitions as well as organic investment. 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. |
29224.0 | 2022-06-27 00:00:00 UTC | Paychex (PAYX) Set to Report Q4 Earnings: What to Expect? | ABM | https://www.nasdaq.com/articles/paychex-payx-set-to-report-q4-earnings%3A-what-to-expect | nan | nan | Paychex, Inc. PAYX is scheduled to report fourth-quarter fiscal 2022 results on Jun 29, before market open.
Let's check out the expectations in detail.
Q4 Expectations
The Zacks Consensus Estimate for the company’s to-be-reported quarter’s revenues stands at $1.11 billion, indicating an increase of 8% from the year-ago reported figure.
The consensus mark for Management Solutions’ revenues stands at $816 million, indicating growth of 7.9% from the year-ago reported number. The uptick is likely to have been aided by growth in the company’s client base across human capital management ("HCM") offerings resulting from strong sales performance and high levels of retention; higher checks per payroll for HCM services and net gain in worksite employees for HR solutions; improved revenues per client resulting from enhanced price realization; expansion of HCM ancillary services; and growth in payroll funding and outsourcing services for temporary staffing clients.
The consensus mark for Professional Employer Organization (“PEO”) and Insurance Solutions’ revenues stands at $281 million, indicating growth of 8.9% from the year-ago reported number. The uptick is likely to have been aided by an increase in the number of average worksite employees, rise in average wages per worksite employee, higher revenues on state unemployment insurance and rise in PEO health insurance revenues.
The consensus estimate for interest on funds held by clients’ revenues is pegged at $15.14 million, indicating 4.4% year-over-year growth.
The consensus mark for earnings is pegged at 79 cents per share, indicating growth of 9.7% from the year-ago quarter’s reported figure.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Paychex 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Paychex has an Earnings ESP of 0.00% and a Zacks Rank #2.
Paychex, Inc. Price and EPS Surprise
Paychex, Inc. price-eps-surprise | Paychex, Inc. Quote
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings this season.
Republic Services RSG has an Earnings ESP of +0.75% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Republic Services has an expected earnings growth rate of 11.9% for the current year. RSG delivered a trailing four-quarter earnings surprise of 8.3%, on average.
Republic Services’ long-term earnings growth rate is projected at 10.5%.
ABM Industries ABM has an Earnings ESP of +0.83% and a Zacks Rank of #3.
ABM Industries has an expected earnings growth rate of 1.9% for the current year. ABM delivered a trailing four-quarter earnings surprise of 10.9%, on average.
Mastercard MA has an Earnings ESP of +0.03% and a Zacks Rank #3.
Mastercard has an expected earnings growth rate of 25.2% for the current year. Mastercard delivered a trailing four-quarter earnings surprise of 14.2%, on average.
Mastercard’s long-term earnings growth rate is projected at 20.2%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Mastercard Incorporated (MA): Free Stock Analysis Report
Paychex, Inc. (PAYX): Free Stock Analysis Report
Republic Services, Inc. (RSG): Free Stock Analysis Report
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. | ABM Industries ABM has an Earnings ESP of +0.83% and a Zacks Rank of #3. ABM Industries has an expected earnings growth rate of 1.9% for the current year. ABM delivered a trailing four-quarter earnings surprise of 10.9%, on average. | ABM Industries ABM has an Earnings ESP of +0.83% and a Zacks Rank of #3. ABM Industries has an expected earnings growth rate of 1.9% for the current year. ABM delivered a trailing four-quarter earnings surprise of 10.9%, on average. | ABM Industries ABM has an Earnings ESP of +0.83% and a Zacks Rank of #3. ABM Industries has an expected earnings growth rate of 1.9% for the current year. ABM delivered a trailing four-quarter earnings surprise of 10.9%, on average. | ABM Industries ABM has an Earnings ESP of +0.83% and a Zacks Rank of #3. ABM Industries has an expected earnings growth rate of 1.9% for the current year. ABM delivered a trailing four-quarter earnings surprise of 10.9%, on average. |
29225.0 | 2022-06-24 00:00:00 UTC | FactSet's (FDS) Q3 Earnings and Revenues Beat Estimates | ABM | https://www.nasdaq.com/articles/factsets-fds-q3-earnings-and-revenues-beat-estimates | nan | nan | FactSet Research Systems Inc. FDS reported better-than-expected third-quarter fiscal 2022 results.
Adjusted earnings per share (excluding $1.83 from non-recurring items) of $3.76 surpassed the Zacks Consensus Estimate by 18.2% and increased 38.2% year over year. The bottom line was driven by higher revenues and margin expansion.
FactSet’s revenues of $488.8 million in the quarter surpassed the Zacks Consensus Estimate by 2.7% and increased 22.3% year over year. The uptick was driven by higher sales of analytics, and research and advisory solutions as well as the acquisition of CUSIP Global Services (CGS) in March 2022.
Shares of FDS have gained 16.7% over the past year against an 18.2% decline of the industry it belongs to.
Image Source: Zacks Investment Research
Revenues in Detail
Organic revenues increased 10.5% year over year to $441.7 million. Region-wise, organic revenue growth from the Americas, EMEA and the Asia Pacific was 7.4%, 13.2% and 23.6%, respectively.
ASV Plus Professional Services
FactSet’s Annual Subscription Value (ASV) plus professional services were $1.94 billion, up 19.8% year over year. Buy-side and sell-side ASV growth rates were 9.6% and 12.9%, respectively. Organic ASV plus professional services were $1.78 billion, up 10.1% from the prior-year quarter’s level. Nearly 84% of organic ASV was generated by buy-side and the rest by sell-side firms.
Organic ASV generated from the United States was $1.1 billion, up 10.1% from the prior-year quarter’s level. Organic ASV from EMEA and the Asia Pacific regions was $471 million and 186.1 million each, up 8.3% and 14.3% year over year, respectively.
FactSet added 147 clients in the reported fiscal quarter, driven by an increase in corporate and wealth clients, taking the total to 7,319. The annual client retention rate was 92%. At the end of the said fiscal quarter, the total employee count was 10,691, down 0.2% from the last twelve months’ level, primarily in the technology organization.
Operating Results
Adjusted operating income came in at $179.1 million, up 41.6% from the year-ago quarter’s reported figure. Adjusted operating margin increased to 36.6% from 31.6% in the year-ago quarter. Selling, general and administrative expenses increased 56.4% to $119.8 million. Total operating expenses rose 39% to $391.5 million.
Balance Sheet and Cash Flow
FactSet exited the fiscal third quarter with a cash and cash equivalents balance of $527 million compared with $773 million in the previous fiscal quarter. Long-term debt was $2,062.2 million compared with the prior fiscal quarter’s figure of $574.6 million. In the reported fiscal quarter, FDS generated $192 million of cash from operating activities, while capital expenditures were $15.5 million. Free cash flow was $176.6 million.
FactSet currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Business Services Companies
ABM Industries Inc. ABM reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. Adjusted earnings from continuing operations came in at 89 cents per share, beating the consensus mark by 6% and increasing 8.5% year over year. Total revenues of $1.89 billion missed the consensus estimate by 1% but improved 26.7% from the year-ago fiscal quarter’s level.
Accenture plc ACN reported mixed third-quarter fiscal 2022 results, wherein its earnings missed the Zacks Consensus Estimate but revenues surpassed the same. Earnings of $2.79 per share missed the consensus estimate by 1.8% but improved 16.3% year over year. Revenues of $16.16 billion beat the consensus mark by 0.7% and increased 22% year over year on a reported basis and 27% in terms of local currency.
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
Accenture PLC (ACN): Free Stock Analysis 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.
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. | Performance of Other Business Services Companies ABM Industries Inc. ABM reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. ABM Industries Incorporated (ABM): Free Stock Analysis Report The uptick was driven by higher sales of analytics, and research and advisory solutions as well as the acquisition of CUSIP Global Services (CGS) in March 2022. | Performance of Other Business Services Companies ABM Industries Inc. ABM reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture plc ACN reported mixed third-quarter fiscal 2022 results, wherein its earnings missed the Zacks Consensus Estimate but revenues surpassed the same. | Performance of Other Business Services Companies ABM Industries Inc. ABM reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. ABM Industries Incorporated (ABM): Free Stock Analysis Report FactSet’s revenues of $488.8 million in the quarter surpassed the Zacks Consensus Estimate by 2.7% and increased 22.3% year over year. | Performance of Other Business Services Companies ABM Industries Inc. ABM reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. ABM Industries Incorporated (ABM): Free Stock Analysis Report FactSet’s revenues of $488.8 million in the quarter surpassed the Zacks Consensus Estimate by 2.7% and increased 22.3% year over year. |
29226.0 | 2022-06-21 00:00:00 UTC | What's in the Cards for Accenture (ACN) in Q3 Earnings? | ABM | https://www.nasdaq.com/articles/whats-in-the-cards-for-accenture-acn-in-q3-earnings | nan | nan | Accenture plc ACN is scheduled to report third-quarter fiscal 2022 results on Jun 23, before market open.
Let’s check out the expectations in detail.
Q3 Expectations in Detail
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $16.06 billion, implying 21.1% growth from the year-ago reported figure. The consensus estimate lies within the guided range of $15.7-$16.15 billion.
Going by segments, the consensus estimate for Communications, Media & Technology revenues stands at $3.31 billion, indicating growth of 22.6% from the year-ago reported number. The consensus mark for Financial Services revenues is pegged at $3.13 billion, indicating a year-over-year increase of 20.5%. The consensus estimate for Health & Public Service revenues stands at $2.96 billion, indicating year-over-year growth of 17.8%. The consensus estimate for Products revenues is pegged at $4.50 billion, indicating a year-over-year increase of 22.5%. The consensus mark for Resources revenues stands at $2.11 billion, indicating year-over-year growth of 19.5%.
The consensus mark for earnings stands at $2.84 per share, implying 18.3% growth from the year-ago reported figure. The bottom line is expected to have benefited from higher revenues and operating results, as well as lower non-operating expenses.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Accenture 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Accenture has an Earnings ESP of 0.00% and a Zacks Rank #3.
Accenture PLC Price and EPS Surprise
Accenture PLC price-eps-surprise | Accenture PLC Quote
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings this season.
Republic Services RSG has an Earnings ESP of +0.75% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Republic Services has an expected earnings growth rate of 11.9% for the current year. RSG delivered a trailing four-quarter earnings surprise of 8.3%, on average.
Republic Services’ long-term earnings growth rate is projected at 10.5%.
ABM Industries ABM has an Earnings ESP of +1.01% and a Zacks Rank of #3.
ABM Industries has an expected earnings growth rate of 1.9% for the current year. ABM delivered a trailing four-quarter earnings surprise of 10.9%, on average.
Mastercard MA has an Earnings ESP of +0.03% and a Zacks Rank #3.
Mastercard has an expected earnings growth rate of 25.2% for the current year. Mastercard delivered a trailing four-quarter earnings surprise of 14.2%, on average.
Mastercard’s long-term earnings growth rate is projected at 20.2%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
Accenture PLC (ACN): Free Stock Analysis Report
Mastercard Incorporated (MA): Free Stock Analysis Report
Republic Services, Inc. (RSG): 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. | ABM Industries ABM has an Earnings ESP of +1.01% and a Zacks Rank of #3. ABM Industries has an expected earnings growth rate of 1.9% for the current year. ABM delivered a trailing four-quarter earnings surprise of 10.9%, on average. | ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries ABM has an Earnings ESP of +1.01% and a Zacks Rank of #3. ABM Industries has an expected earnings growth rate of 1.9% for the current year. | ABM Industries ABM has an Earnings ESP of +1.01% and a Zacks Rank of #3. ABM Industries has an expected earnings growth rate of 1.9% for the current year. ABM delivered a trailing four-quarter earnings surprise of 10.9%, on average. | ABM Industries has an expected earnings growth rate of 1.9% for the current year. ABM Industries ABM has an Earnings ESP of +1.01% and a Zacks Rank of #3. ABM delivered a trailing four-quarter earnings surprise of 10.9%, on average. |
29227.0 | 2022-06-18 00:00:00 UTC | This Dividend Stock Will Hold Up No Matter the Market Conditions | ABM | https://www.nasdaq.com/articles/this-dividend-stock-will-hold-up-no-matter-the-market-conditions | nan | nan | The stock market has officially entered bear market territory with the S&P 500 down over 21% year to date. There's a chance it could fall further with inflation running at 40-year highs, the Federal Reserve poised to aggressively raise interest rates, and consumer confidence at all-time lows.
It's easy to buy winning stocks in a bull market; after all, a rising tide lifts all boats. More difficult is finding those that can perform well in a downturn. Investors would do well to turn to dividend-paying stocks, as they can offset the sting of any capital loss by offering a steady stream of income.
Image source: Getty Images.
And dividend stocks that can also hold up better than most in rough seas are better still, which is why I think investors should take a close look at ABM Industries (NYSE: ABM). It's not only a dividend-paying safe haven, but it also does well when times turn tough.
The power of dividends
ABM Industries is a sleepy sort of investment -- it provides janitorial services and facilities management to businesses -- that simply performs well over long periods. Even during the so-called "lost decade" of the 2000s, when the market had one of those rare occurrences where it generated negative returns over a 10-year period, ABM's stock conducted a clinic on how to thrive, returning over 158% between Jan. 1, 2000 and Dec. 31, 2010.
Including dividends, ABM Industries more than tripled an investor's investment during that time.
^SPX data by YCharts
Investors shouldn't be surprised. The asset managers at Hartford Funds found dividend-paying stocks contributed 41% to the total return of the S&P 500 stretching back to 1930. Dividend stocks have always generated positive returns over rolling 10-year periods during that 90-year time frame, regardless of whether there were wars, recessions, or even depressions.
A solid record of growth
Although you might not have heard of it, ABM Industries was founded over 100 years ago and has operated through all of those calamities. It has also paid a dividend every year for 57 years and has raised the payout for over 50 years, making it a member of that elite group of companies known as Dividend Kings.
Now might also be a perfect time to buy it, too. ABM reported second-quarter earnings on June 9th that beat Wall Street profit expectations, though it just missed on revenue. Despite management reaffirming its earnings outlook for the year, its shares tumbled hard afterward. The stock is down 21% over the past week.
According to Baird analyst Andrew Wittmann, ABM margins may get roughed up a little bit in the current economic environment, especially on labor costs, but the worst of the labor challenges are in the rearview mirror now. ABM's sales are solid, customer retention is stable, and the acquisitions it's made are helping to bolster the business.
Wittman retains a neutral rating on the stock with a one-year $50 price target, which would make it fairly priced at current levels, but I'm much more bullish and find its stock significantly discounted now.
ABM is able to mitigate much of the labor concerns, including rising labor costs, because two-thirds of its workforce is covered under collective bargaining agreements. And while it has seen some costs rise in non-unionized areas, such as the south, it has been able to offset them with price increases.
Moreover, its competition also experiences rising labor costs so there is no lost competitive advantage because of it. Although it doesn't expect the labor shortages to evaporate over the next few quarters, it is looking for it to ease considerably, especially because inflation is forcing more people back into the workforce.
Image source: Getty Images.
Time to clean up
ABM Industries shares trade at less than 10 times next year's earnings estimates, while Wall Street continues to forecast long-term earnings growth of 16% annually. It is trading at just a fraction of its sales and 11 times the free cash flow it produces, a bargain-basement rate. And let's not forget its dividend, which is yielding 2% annually.
ABM has had a long, steady career through all kinds of market conditions. It's been through the Great Depression, the high-inflation years of the 1970s and 80s, and the dead investment period of the 2000s, and it's still as healthy as ever.
No company is immune to the winds of change that blow through the market, but ABM Industries is a solid business that holds up well, even in down markets, and pays you for your patience until things start looking up again.
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Rich Duprey has positions in ABM 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. | The power of dividends ABM Industries is a sleepy sort of investment -- it provides janitorial services and facilities management to businesses -- that simply performs well over long periods. And dividend stocks that can also hold up better than most in rough seas are better still, which is why I think investors should take a close look at ABM Industries (NYSE: ABM). Even during the so-called "lost decade" of the 2000s, when the market had one of those rare occurrences where it generated negative returns over a 10-year period, ABM's stock conducted a clinic on how to thrive, returning over 158% between Jan. 1, 2000 and Dec. 31, 2010. | Including dividends, ABM Industries more than tripled an investor's investment during that time. Time to clean up ABM Industries shares trade at less than 10 times next year's earnings estimates, while Wall Street continues to forecast long-term earnings growth of 16% annually. And dividend stocks that can also hold up better than most in rough seas are better still, which is why I think investors should take a close look at ABM Industries (NYSE: ABM). | And dividend stocks that can also hold up better than most in rough seas are better still, which is why I think investors should take a close look at ABM Industries (NYSE: ABM). See the 10 stocks *Stock Advisor returns as of June 2, 2022 Rich Duprey has positions in ABM Industries. The power of dividends ABM Industries is a sleepy sort of investment -- it provides janitorial services and facilities management to businesses -- that simply performs well over long periods. | Including dividends, ABM Industries more than tripled an investor's investment during that time. Time to clean up ABM Industries shares trade at less than 10 times next year's earnings estimates, while Wall Street continues to forecast long-term earnings growth of 16% annually. See the 10 stocks *Stock Advisor returns as of June 2, 2022 Rich Duprey has positions in ABM Industries. |
29228.0 | 2022-06-16 00:00:00 UTC | Analysts Anticipate 19% Gains Ahead For SDY | ABM | https://www.nasdaq.com/articles/analysts-anticipate-19-gains-ahead-for-sdy | 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 SPDR S&P Dividend ETF (Symbol: SDY), we found that the implied analyst target price for the ETF based upon its underlying holdings is $140.30 per unit.
With SDY trading at a recent price near $117.76 per unit, that means that analysts see 19.14% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of SDY's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), Telephone & Data Systems Inc (Symbol: TDS), and Brady Corp (Symbol: BRC). Although ABM has traded at a recent price of $40.55/share, the average analyst target is 46.32% higher at $59.33/share. Similarly, TDS has 38.80% upside from the recent share price of $15.61 if the average analyst target price of $21.67/share is reached, and analysts on average are expecting BRC to reach a target price of $60.33/share, which is 31.04% above the recent price of $46.04. Below is a twelve month price history chart comparing the stock performance of ABM, TDS, and BRC:
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
SPDR S&P Dividend ETF SDY $117.76 $140.30 19.14%
ABM Industries, Inc. ABM $40.55 $59.33 46.32%
Telephone & Data Systems Inc TDS $15.61 $21.67 38.80%
Brady Corp BRC $46.04 $60.33 31.04%
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.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Although ABM has traded at a recent price of $40.55/share, the average analyst target is 46.32% higher at $59.33/share. SPDR S&P Dividend ETF SDY $117.76 $140.30 19.14% ABM Industries, Inc. ABM $40.55 $59.33 46.32% Telephone & Data Systems Inc TDS $15.61 $21.67 38.80% Brady Corp BRC $46.04 $60.33 31.04% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of SDY's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), Telephone & Data Systems Inc (Symbol: TDS), and Brady Corp (Symbol: BRC). | Three of SDY's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), Telephone & Data Systems Inc (Symbol: TDS), and Brady Corp (Symbol: BRC). SPDR S&P Dividend ETF SDY $117.76 $140.30 19.14% ABM Industries, Inc. ABM $40.55 $59.33 46.32% Telephone & Data Systems Inc TDS $15.61 $21.67 38.80% Brady Corp BRC $46.04 $60.33 31.04% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although ABM has traded at a recent price of $40.55/share, the average analyst target is 46.32% higher at $59.33/share. | Three of SDY's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), Telephone & Data Systems Inc (Symbol: TDS), and Brady Corp (Symbol: BRC). Although ABM has traded at a recent price of $40.55/share, the average analyst target is 46.32% higher at $59.33/share. Below is a twelve month price history chart comparing the stock performance of ABM, TDS, and BRC: Below is a summary table of the current analyst target prices discussed above: | Although ABM has traded at a recent price of $40.55/share, the average analyst target is 46.32% higher at $59.33/share. SPDR S&P Dividend ETF SDY $117.76 $140.30 19.14% ABM Industries, Inc. ABM $40.55 $59.33 46.32% Telephone & Data Systems Inc TDS $15.61 $21.67 38.80% Brady Corp BRC $46.04 $60.33 31.04% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of SDY's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), Telephone & Data Systems Inc (Symbol: TDS), and Brady Corp (Symbol: BRC). |
29229.0 | 2022-06-16 00:00:00 UTC | RSI Alert: ABM Industries Now Oversold | ABM | https://www.nasdaq.com/articles/rsi-alert%3A-abm-industries-now-oversold | 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 $38.28 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 29.5 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 34.6. 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 0.78/share (currently paid in quarterly installments) works out to an annual yield of 1.92% based upon the recent $40.55 share price.
A bullish investor could look at ABM's 29.5 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 »
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 29.5 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 $38.28 per share. | In the case of ABM Industries, Inc., the RSI reading has hit 29.5 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 34.6. Indeed, ABM's recent annualized dividend of 0.78/share (currently paid in quarterly installments) works out to an annual yield of 1.92% based upon the recent $40.55 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. | 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 $38.28 per share. In the case of ABM Industries, Inc., the RSI reading has hit 29.5 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 34.6. 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 29.5 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 34.6. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABM is its dividend history. 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. |
29230.0 | 2022-06-14 00:00:00 UTC | This is Why ABM Industries (ABM) is a Great Dividend Stock | ABM | https://www.nasdaq.com/articles/this-is-why-abm-industries-abm-is-a-great-dividend-stock | nan | nan | Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
ABM Industries in Focus
Headquartered in New York, ABM Industries (ABM) is a Business Services stock that has seen a price change of -4.77% so far this year. Currently paying a dividend of $0.19 per share, the company has a dividend yield of 2.01%. In comparison, the Building Products - Maintenance Service industry's yield is 0.59%, while the S&P 500's yield is 1.66%.
Looking at dividend growth, the company's current annualized dividend of $0.78 is up 2.6% from last year. In the past five-year period, ABM Industries has increased its dividend 5 times on a year-over-year basis for an average annual increase of 2.82%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Right now, ABM Industries's payout ratio is 22%, which means it paid out 22% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for ABM for this fiscal year. The Zacks Consensus Estimate for 2022 is $3.65 per share, which represents a year-over-year growth rate of 1.96%.
Bottom Line
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, ABM is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold).
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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 in Focus Headquartered in New York, ABM Industries (ABM) is a Business Services stock that has seen a price change of -4.77% so far this year. In the past five-year period, ABM Industries has increased its dividend 5 times on a year-over-year basis for an average annual increase of 2.82%. Right now, ABM Industries's payout ratio is 22%, which means it paid out 22% of its trailing 12-month EPS as dividend. | ABM Industries in Focus Headquartered in New York, ABM Industries (ABM) is a Business Services stock that has seen a price change of -4.77% so far this year. In the past five-year period, ABM Industries has increased its dividend 5 times on a year-over-year basis for an average annual increase of 2.82%. Right now, ABM Industries's payout ratio is 22%, which means it paid out 22% of its trailing 12-month EPS as dividend. | ABM Industries in Focus Headquartered in New York, ABM Industries (ABM) is a Business Services stock that has seen a price change of -4.77% so far this year. In the past five-year period, ABM Industries has increased its dividend 5 times on a year-over-year basis for an average annual increase of 2.82%. Right now, ABM Industries's payout ratio is 22%, which means it paid out 22% of its trailing 12-month EPS as dividend. | ABM Industries in Focus Headquartered in New York, ABM Industries (ABM) is a Business Services stock that has seen a price change of -4.77% so far this year. In the past five-year period, ABM Industries has increased its dividend 5 times on a year-over-year basis for an average annual increase of 2.82%. Right now, ABM Industries's payout ratio is 22%, which means it paid out 22% of its trailing 12-month EPS as dividend. |
29231.0 | 2022-06-13 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 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, 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 $38.88 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.
Click here to find out which 9 other dividend stocks just recently went on sale »
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 Monday, 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 $38.88 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 Monday, 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 $38.88 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 Monday, 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 $38.88 on the day. 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. 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. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, 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 $38.88 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. |
29232.0 | 2022-06-10 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 6/10/2022 | ABM | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-6-10-2022 | nan | nan | The following are today's upgrades for 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.
ARISTA NETWORKS INC (ANET) is a large-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch changed from 87% to 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: Arista Networks, Inc. is a supplier of cloud networking solutions that use software to address the needs of Internet companies, cloud service providers and enterprises. The Company cloud networking solutions consist of its Extensible Operating System (EOS), a set of network applications and its Gigabit Ethernet switching and routing platforms. Its cognitive single-tier Spline campus network extends EOS across the campus workspace and the data center. CloudVision, its network-wide approach for workload orchestration and automation, leverages EOS and Cognitive WiFi features, to deliver a workflow orchestration and automation solution for cloud networking to its enterprise customers. It sells its products through both its direct sales force and its channel partners. The Company's end customers span a range of industries and include large Internet companies, service providers, financial services organizations, government agencies, media and entertainment companies and others.
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 ARISTA NETWORKS INC
Full Guru Analysis for ANET
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CENTRAL PACIFIC FINANCIAL CORP. (CPF) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% 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: Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank (the Bank). The Bank is a commercial bank, which offers a range of banking products and services, including accepting time and demand deposits and originating loans. The Company offers a range of banking services and products to businesses, professionals and individuals. Its loans include commercial loans, construction loans, commercial and residential mortgage loans and consumer loans. Its investment securities portfolio includes mortgage-backed securities (MBS), other debt securities and equity securities. Its MBS portfolio is comprised primarily of residential MBS issued by United States government entities and agencies. It also offers wealth management products and services, such as non-deposit investment products, annuities, insurance, investment management, asset custody and general consultation and planning 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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CENTRAL PACIFIC FINANCIAL CORP.
Full Guru Analysis for CPF
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ASML HOLDING NV (ADR) (ASML) is a large-cap growth stock in the Misc. Capital Goods industry. The rating according to our strategy based on Peter Lynch changed from 69% to 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: ASML Holding N.V. is a holding company based in the Netherlands. The Company operates through its subsidiaries in the Netherlands, the United States, Italy, France, Germany, the United Kingdom, Ireland, Belgium, South Korea, Taiwan, Singapore, China, Hong Kong, Japan, Malaysia and Israel. The Company operates through one business segment which is engage in development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems, consisting of lithography, metrology and inspection systems. The Company offers TWINSCAN systems, equipped with lithography system with a mercury lamp as light source (i-line), Krypton Fluoride (KrF) and Argon Fluoride (ArF) light sources for processing wafers for manufacturing environments for which imaging at a small resolution is required. TWINSCAN systems also include immersion lithography systems (TWINSCAN immersion systems).
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 ASML HOLDING NV (ADR)
Full Guru Analysis for ASML
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ALCOA CORP (AA) is a large-cap value stock in the Metal Mining industry. The rating according to our strategy based on Peter Lynch changed from 0% to 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: Alcoa Corporation is a trading company. The Company is engaged in the production of bauxite, alumina and aluminum products. The Company's operations consist of three reportable business segments: Bauxite, Alumina, and Aluminum. The Bauxite and Alumina segments primarily consist of a series of affiliated operating entities held in Alcoa World Alumina and Chemicals (AWAC), which is a joint venture between Alcoa Corporation and Alumina Limited. The Aluminum segment consists of the Company's aluminum smelting, casting, and rolling businesses, along with the energy production business. Its Bauxite segment consists of the Company's global bauxite mining operations. The Company's Alumina segment consists of the Company's worldwide refining system, which processes bauxite into alumina. The Aluminum segment consists of its worldwide smelting and cast house system, a portfolio of energy assets in Brazil, Canada, and the United States. It has over 28 operating locations across nine countries.
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.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ALCOA CORP
Full Guru Analysis for AA
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CENTRAL VALLEY COMMUNITY BANCORP (CVCY) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% 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: Central Valley Community Bancorp is a bank holding company for Central Valley Community Bank (the Bank). The Bank conducts a commercial banking business, which includes accepting demand, savings and time deposits and making commercial, real estate and consumer loans. It also provides domestic and international wire transfer services and provides safe deposit boxes and other customary banking services. The Bank also offers Internet banking that consists of inquiry, account status, bill paying, account transfers, and cash management. The Bank has a Real Estate Division, an Agribusiness Center, and an SBA Lending Division. The Real Estate Division processes or assists in processing the majority of the Bank's real estate-related transactions, including interim construction loans for single family residences and commercial buildings. The Bank offers permanent single family residential loans through its mortgage broker services. The Bank operates about 20 full-service banking offices.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CENTRAL VALLEY COMMUNITY BANCORP
Full Guru Analysis for CVCY
Full Factor Report for CVCY
SOUTHERN COPPER CORP (SCCO) is a large-cap value stock in the Metal Mining industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% 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: Southern Copper Corporation is an integrated copper producer. The Company produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit copper mines and the Mexican underground mining operations segment identified as the IMMSA unit. The Peruvian operations segment includes the Toquepala and Cuajone mine complexes, and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines. The Mexican open-pit operations segment includes the La Caridad and Buenavista mine complexes, and the smelting and refining plants, including a metals plant and a copper rod plant, and support facilities that service both mines. The Mexican underground mining operations segment includes five underground mines that produce zinc, copper, silver and gold, and a zinc refinery.
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SOUTHERN COPPER CORP
Full Guru Analysis for SCCO
Full Factor Report for SCCO
SEI INVESTMENTS COMPANY (SEIC) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 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: SEI Investments Company provides technology and investment solutions that connect the financial services industry. Its segments include Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. Its Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions and others. Its Investment Advisors segment provides investment management and investment processing platforms to affluent investors through a network of independent investment advisors, financial planners, and others. Its Institutional Investors segment provides outsourced chief investment officer (OCIO) solutions, including investment management and administrative outsourcing platforms. Its Investment Managers segment provides investment operations outsourcing platforms. Its Investments in New Businesses segment focuses on providing investment management solutions to ultra-high-net-worth families.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SEI INVESTMENTS COMPANY
Full Guru Analysis for SEIC
Full Factor Report for SEIC
WEIS MARKETS, INC. (WMK) is a small-cap growth stock in the Retail (Grocery) industry. The rating according to our strategy based on Peter Lynch changed from 0% to 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: Weis Markets, Inc. is engaged principally in the retail sale of food in Pennsylvania and surrounding states. The Company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel and general merchandise items, such as health and beauty care and household products. The store product selection includes national, local and private brands including natural, gluten-free and organic varieties. The Company owns and operates approximately 197 retail food stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia under the Weis Markets trade name, many of which have on-line order and pick up customer service. The Company owns and operates one distribution center in Milton, Pennsylvania of approximately 1.3 million square feet, and one in Northumberland, Pennsylvania totaling approximately 76 thousand square feet.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of WEIS MARKETS, INC.
Full Guru Analysis for WMK
Full Factor Report for WMK
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 changed from 87% to 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 facility services. It operates under five segments: 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, traditional hospitals, and non-acute healthcare facilities. M&D segment provides integrated facility services, engineering, janitorial, and other specialized services in manufacturing, distribution, and data center facilities. Education segment delivers janitorial, 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.
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Full Factor Report for ABM
AMERICAN ELECTRIC POWER COMPANY INC (AEP) is a large-cap growth stock in the Electric Utilities industry. The rating according to our strategy based on Peter Lynch changed from 0% to 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: American Electric Power Company, Inc. (AEP) is an electric public utility holding company. The service areas of the Company's public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The Company's segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. AEP's vertically integrated utility operations are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers. Transmission and Distribution Utilities segment consists of the transmission and distribution of electricity for sale to retail and wholesale customers. The AEP Transmission Holdco segment develops, constructs and operates transmission facilities. The Generation & Marketing segment conducts marketing, risk management and retail activities.
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.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of AMERICAN ELECTRIC POWER COMPANY INC
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Full Factor Report for AEP
BANCO BILBAO VIZCAYA ARGENTARIA SA (ADR) (BBVA) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 6% to 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: Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a Spain - based bank. It is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments are: Spain, the United States, Turkey, Mexico, South America and Rest of Eurasia. The activities in Spain are banking activity and Insurance. In the United States it offers services through, BBVA USA and the BBVA New York branch. The Turkey segment is represented by the group Garanti BBVA, an integrated financial services group, that also operate in Holland and Romania. The Mexico segment activities include banking and insurance businesses. In South America, it provides banking and insurance businesses. The Rest of Eurasia segment includes business activity in the rest of Europe and Asia
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.
SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: BONUS PASS
Detailed Analysis of BANCO BILBAO VIZCAYA ARGENTARIA SA (ADR)
Full Guru Analysis for BBVA
Full Factor Report for BBVA
More details on Validea's Peter Lynch strategy
Peter Lynch Stock Ideas
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 WEIS MARKETS, INC. Full Guru Analysis for WMK Full Factor Report for WMK ABM INDUSTRIES, INC. (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of facility services. Detailed Analysis of ABM INDUSTRIES, INC. Full Guru Analysis for ABM Full Factor Report for ABM AMERICAN ELECTRIC POWER COMPANY INC (AEP) is a large-cap growth stock in the Electric Utilities industry. | Detailed Analysis of WEIS MARKETS, INC. Full Guru Analysis for WMK Full Factor Report for WMK ABM INDUSTRIES, INC. (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of facility services. Detailed Analysis of ABM INDUSTRIES, INC. Full Guru Analysis for ABM Full Factor Report for ABM AMERICAN ELECTRIC POWER COMPANY INC (AEP) is a large-cap growth stock in the Electric Utilities industry. | Detailed Analysis of WEIS MARKETS, INC. Full Guru Analysis for WMK Full Factor Report for WMK ABM INDUSTRIES, INC. (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of facility services. Detailed Analysis of ABM INDUSTRIES, INC. Full Guru Analysis for ABM Full Factor Report for ABM AMERICAN ELECTRIC POWER COMPANY INC (AEP) is a large-cap growth stock in the Electric Utilities industry. | Detailed Analysis of WEIS MARKETS, INC. Full Guru Analysis for WMK Full Factor Report for WMK ABM INDUSTRIES, INC. (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of facility services. Detailed Analysis of ABM INDUSTRIES, INC. Full Guru Analysis for ABM Full Factor Report for ABM AMERICAN ELECTRIC POWER COMPANY INC (AEP) is a large-cap growth stock in the Electric Utilities industry. |
29233.0 | 2022-06-09 00:00:00 UTC | ABM Makes Notable Cross Below Critical Moving Average | ABM | https://www.nasdaq.com/articles/abm-makes-notable-cross-below-critical-moving-average | nan | nan | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $45.46, changing hands as low as $43.01 per share. ABM Industries, Inc. shares are currently trading down about 10.1% 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 $38.44 per share, with $54 as the 52 week high point — that compares with a last trade of $44.02.
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
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 $45.46, changing hands as low as $43.01 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 $38.44 per share, with $54 as the 52 week high point — that compares with a last trade of $44.02. ABM Industries, Inc. shares are currently trading down about 10.1% on the day. | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $45.46, changing hands as low as $43.01 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 $38.44 per share, with $54 as the 52 week high point — that compares with a last trade of $44.02. ABM Industries, Inc. shares are currently trading down about 10.1% on the day. | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $45.46, changing hands as low as $43.01 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 $38.44 per share, with $54 as the 52 week high point — that compares with a last trade of $44.02. ABM Industries, Inc. shares are currently trading down about 10.1% on the day. | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed below their 200 day moving average of $45.46, changing hands as low as $43.01 per share. ABM Industries, Inc. shares are currently trading down about 10.1% 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 $38.44 per share, with $54 as the 52 week high point — that compares with a last trade of $44.02. |
29234.0 | 2022-06-09 00:00:00 UTC | Is ABM Industries (ABM) Outperforming Other Business Services Stocks This Year? | ABM | https://www.nasdaq.com/articles/is-abm-industries-abm-outperforming-other-business-services-stocks-this-year | nan | nan | The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has ABM Industries (ABM) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
ABM Industries is one of 321 individual stocks in the Business Services sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ABM Industries is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ABM's full-year earnings has moved 0.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ABM has gained about 20.6% so far this year. Meanwhile, the Business Services sector has returned an average of -20.4% on a year-to-date basis. This means that ABM Industries is performing better than its sector in terms of year-to-date returns.
International Money Express (IMXI) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 25.1%.
For International Money Express, the consensus EPS estimate for the current year has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 3 individual companies and currently sits at #22 in the Zacks Industry Rank. Stocks in this group have gained about 3% so far this year, so ABM is performing better this group in terms of year-to-date returns.
International Money Express, however, belongs to the Financial Transaction Services industry. Currently, this 41-stock industry is ranked #157. The industry has moved -4.2% so far this year.
Going forward, investors interested in Business Services stocks should continue to pay close attention to ABM Industries and International Money Express as they could maintain their solid performance.
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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. | Going forward, investors interested in Business Services stocks should continue to pay close attention to ABM Industries and International Money Express as they could maintain their solid performance. Has ABM Industries (ABM) been one of those stocks this year? ABM Industries is one of 321 individual stocks in the Business Services sector. | ABM Industries Incorporated (ABM): Free Stock Analysis Report Has ABM Industries (ABM) been one of those stocks this year? ABM Industries is one of 321 individual stocks in the Business Services sector. | Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 3 individual companies and currently sits at #22 in the Zacks Industry Rank. Going forward, investors interested in Business Services stocks should continue to pay close attention to ABM Industries and International Money Express as they could maintain their solid performance. ABM Industries Incorporated (ABM): Free Stock Analysis Report | ABM Industries is one of 321 individual stocks in the Business Services sector. This means that ABM Industries is performing better than its sector in terms of year-to-date returns. Has ABM Industries (ABM) been one of those stocks this year? |
29235.0 | 2022-06-09 00:00:00 UTC | ABM Industries (ABM) Q2 Earnings Beat, Revenues Lag, Up Y/Y | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q2-earnings-beat-revenues-lag-up-y-y | nan | nan | ABM Industries Inc.ABM reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same.
Adjusted earnings from continuing operations came in at 89 cents per share, beating the consensus mark by 6% and increasing 8.5% year over year. The bottom line benefited from increased operating earnings on higher revenues and the benefits of one less work day. These were, however, partially offset by the impact of a decline in the volume of higher-margin virus protection services and work orders, as well as higher costs.
Total revenues of $1.89 billion missed the consensus estimate by 1% while improving 26.7% from the year-ago level. The upside was backed by solid demand across the company’s Business & Industry, Aviation, Manufacturing & Distribution, and Technical Solutions segments, especially in its eMobility business. Quarterly revenue growth includes 7.5% organic growth and 19.2% from acquisitions.
Quarterly results benefited from contributions from acquisitions, solid demand for the company’s core janitorial services, and continued recovery in the aviation industry. These were, however, partially offset by the expected decline in disinfection-related work orders and EnhancedClean services.
So far this year, shares of ABM Industries have gained 20.6% compared with 4.3% surge of the industry it belongs to.
Image Source: Zacks Investment Research
Let’s check out the numbers.
Segment-Wise Revenues
Business & Industry revenues increased 48.9% year over year to $1.00 billion. Manufacturing & Distribution revenues inched up 4.9% year over year to $356.9 million. Aviation revenues increased 27.4% year over year to $185.9 million. Technical Solutions revenues increased 18.1% year over year to $147 million.
Education revenues of $204.4 million, however, decreased 3.9% from the prior-year quarter.
Operating Results
Adjusted EBITDA came in at $118.9 million compared with $106.6 million in the year-ago quarter. Adjusted EBITDA margin was 6.5% compared with 7.4% in the year-ago quarter.
Operating expenses increased 29.3% from the year-ago figure to $1.65 billion. Selling, general and administrative expenses declined 3.1% from the year-ago level to $156.8 million.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote
Balance Sheet & Cash Flow
ABM Industries exited second-quarter fiscal 2022 with cash and cash equivalents of $48.9 million compared with $46.6 million at the end of the prior quarter. Long-term debt was $986.6 million compared with $971.9 million at the end of the prior quarter.
Net cash used in operating activities totaled $43.9 million for the reported quarter. Free cash flow came in at $53.9 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 on Aug 1, 2022 to stockholders of record as of Jul 7, 2022. This marked the 225th consecutive quarterly cash dividend by the company.
During the reported quarter, the company repurchased 0.7 million shares at an average price of $43.5, for a total cost of $30 million.
Fiscal 2022 Guidance
For fiscal 2022, ABM Industries reaffirmed its guidance for adjusted income from continuing operations, which is expected to be in the range of $3.50-$3.70 per share. The Zacks Consensus Estimate for the metric of $3.61 lies within the guidance.
Currently, ABM Industries carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Business Services Companies
Omnicom Group OMC reported impressive first-quarter 2022 results, wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
Omnicom’s earnings of $1.39 per share beat the consensus mark by 8.6% and increased 4.5% year over year, driven by strong margin performance.
Omnicom’s total revenues of $3.4 billion surpassed the consensus estimate by 5.4% but declined slightly year over year.
Equifax EFX reported better-than-expected first-quarter 2022 results.
Equifax’s adjusted earnings of $2.22 per share beat the Zacks Consensus Estimate by 3.3% and improved 13% on a year-over-year basis. The reported figure exceeded the guided range of $2.08-$2.18.
Equifax’s revenues of $1.36 billion outpaced the consensus estimate by 2.4% and improved 12.4% year over year on a reported basis and 13% on a local-currency basis. The reported figure exceeded the guided range of $1.32-$1.34 billion.
Waste Management WM reported solid first-quarter 2022 results, wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
Waste Management’s adjusted earnings per share of $1.29 beat the Zacks Consensus Estimate by 15.2% and improved 21.7% year over year.
Waste Management’s total revenues of $4.66 billion beat the consensus estimate by 4.6% and increased 13.4% year over 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 Inc.ABM reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. So far this year, shares of ABM Industries have gained 20.6% compared with 4.3% surge 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 Balance Sheet & Cash Flow ABM Industries exited second-quarter fiscal 2022 with cash and cash equivalents of $48.9 million compared with $46.6 million at the end of the prior quarter. | ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Balance Sheet & Cash Flow ABM Industries exited second-quarter fiscal 2022 with cash and cash equivalents of $48.9 million compared with $46.6 million at the end of the prior quarter. ABM Industries Inc.ABM reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. So far this year, shares of ABM Industries have gained 20.6% compared with 4.3% surge of the industry it belongs to. | ABM Industries Inc.ABM reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Balance Sheet & Cash Flow ABM Industries exited second-quarter fiscal 2022 with cash and cash equivalents of $48.9 million compared with $46.6 million at the end of the prior quarter. So far this year, shares of ABM Industries have gained 20.6% compared with 4.3% surge of the industry it belongs to. | ABM Industries Inc.ABM reported mixed second-quarter fiscal 2022 results, with earnings beating the Zacks Consensus Estimate while revenues lagging the same. So far this year, shares of ABM Industries have gained 20.6% compared with 4.3% surge 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 Balance Sheet & Cash Flow ABM Industries exited second-quarter fiscal 2022 with cash and cash equivalents of $48.9 million compared with $46.6 million at the end of the prior quarter. |
29236.0 | 2022-06-08 00:00:00 UTC | After-Hours Earnings Report for June 8, 2022 : FIVE, PAGS, ABM, GEF, OXM, AVO, YEXT, AMSWA, QMCO, GHM | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-for-june-8-2022-%3A-five-pags-abm-gef-oxm-avo-yext-amswa-qmco-0 | nan | nan | The following companies are expected to report earnings after hours on 06/08/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Five Below, Inc. (FIVE)is reporting for the quarter ending April 30, 2022. The retail company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.58. This value represents a 34.09% decrease compared to the same quarter last year. In the past year FIVE has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 0.4%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for FIVE is 24.42 vs. an industry ratio of 9.60, implying that they will have a higher earnings growth than their competitors in the same industry.
PagSeguro Digital Ltd. (PAGS)is reporting for the quarter ending March 31, 2022. The financial transactions company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.21. This value represents a 16.67% increase compared to the same quarter last year. PAGS missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -4.76%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for PAGS is 18.91 vs. an industry ratio of -1.70, 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 April 30, 2022. The building maintenance & services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.84. This value represents a 2.44% 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 1st calendar quarter where they beat the consensus by 18.99%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 13.88 vs. an industry ratio of 23.30.
Greif, Inc. (GEF)is reporting for the quarter ending April 30, 2022. The construction company's consensus earnings per share forecast from the 2 analysts that follow the stock is $1.79. This value represents a 58.41% increase compared to the same quarter last year. In the past year GEF has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 6.67%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GEF is 9.59 vs. an industry ratio of 14.00.
Oxford Industries, Inc. (OXM)is reporting for the quarter ending April 30, 2022. The textile company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.78. This value represents a 47.09% increase compared to the same quarter last year. In the past year OXM has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 23.53%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for OXM is 10.20 vs. an industry ratio of 13.80.
Mission Produce, Inc. (AVO)is reporting for the quarter ending April 30, 2022. The agriculture company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.03. This value represents a 125.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AVO is 31.68 vs. an industry ratio of 4.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Yext, Inc. (YEXT)is reporting for the quarter ending April 30, 2022. The technology services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.22. This value represents a 57.14% decrease compared to the same quarter last year. YEXT missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -10%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for YEXT is -7.71 vs. an industry ratio of -4.00.
American Software, Inc. (AMSWA)is reporting for the quarter ending April 30, 2022. The computer software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.05. This value represents a 44.44% decrease compared to the same quarter last year. In the past year AMSWA has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 125%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AMSWA is 58.39 vs. an industry ratio of 115.20.
Quantum Corporation (QMCO)is reporting for the quarter ending March 31, 2022. The computer storage company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.11. This value represents a 266.67% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for QMCO is -6.58 vs. an industry ratio of -21.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Graham Corporation (GHM)is reporting for the quarter ending March 31, 2022. The machinery company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.03. This value represents a 175.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GHM is -12.30 vs. an industry ratio of 16.80.
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, 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 13.88 vs. an industry ratio of 23.30. | ABM Industries Incorporated (ABM)is reporting for the quarter ending April 30, 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 13.88 vs. an industry ratio of 23.30. | ABM Industries Incorporated (ABM)is reporting for the quarter ending April 30, 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 13.88 vs. an industry ratio of 23.30. | In the past year ABM has beat the expectations every quarter. ABM Industries Incorporated (ABM)is reporting for the quarter ending April 30, 2022. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 13.88 vs. an industry ratio of 23.30. |
29237.0 | 2022-06-08 00:00:00 UTC | After-Hours Earnings Report for June 8, 2022 : FIVE, PAGS, ABM, GEF, OXM, AVO, YEXT, AMSWA, QMCO, GHM | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-for-june-8-2022-%3A-five-pags-abm-gef-oxm-avo-yext-amswa-qmco | nan | nan | The following companies are expected to report earnings after hours on 06/08/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Five Below, Inc. (FIVE)is reporting for the quarter ending April 30, 2022. The retail company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.58. This value represents a 34.09% decrease compared to the same quarter last year. In the past year FIVE has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 0.4%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for FIVE is 24.42 vs. an industry ratio of 9.60, implying that they will have a higher earnings growth than their competitors in the same industry.
PagSeguro Digital Ltd. (PAGS)is reporting for the quarter ending March 31, 2022. The financial transactions company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.21. This value represents a 16.67% increase compared to the same quarter last year. PAGS missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -4.76%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for PAGS is 18.91 vs. an industry ratio of -1.70, 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 April 30, 2022. The building maintenance & services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.84. This value represents a 2.44% 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 1st calendar quarter where they beat the consensus by 18.99%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 13.88 vs. an industry ratio of 23.30.
Greif, Inc. (GEF)is reporting for the quarter ending April 30, 2022. The construction company's consensus earnings per share forecast from the 2 analysts that follow the stock is $1.79. This value represents a 58.41% increase compared to the same quarter last year. In the past year GEF has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 6.67%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GEF is 9.59 vs. an industry ratio of 14.00.
Oxford Industries, Inc. (OXM)is reporting for the quarter ending April 30, 2022. The textile company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.78. This value represents a 47.09% increase compared to the same quarter last year. In the past year OXM has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 23.53%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for OXM is 10.20 vs. an industry ratio of 13.80.
Mission Produce, Inc. (AVO)is reporting for the quarter ending April 30, 2022. The agriculture company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.03. This value represents a 125.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AVO is 31.68 vs. an industry ratio of 4.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Yext, Inc. (YEXT)is reporting for the quarter ending April 30, 2022. The technology services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.22. This value represents a 57.14% decrease compared to the same quarter last year. YEXT missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -10%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for YEXT is -7.71 vs. an industry ratio of -4.00.
American Software, Inc. (AMSWA)is reporting for the quarter ending April 30, 2022. The computer software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.05. This value represents a 44.44% decrease compared to the same quarter last year. In the past year AMSWA has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 125%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AMSWA is 58.39 vs. an industry ratio of 115.20.
Quantum Corporation (QMCO)is reporting for the quarter ending March 31, 2022. The computer storage company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.11. This value represents a 266.67% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for QMCO is -6.58 vs. an industry ratio of -21.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Graham Corporation (GHM)is reporting for the quarter ending March 31, 2022. The machinery company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.03. This value represents a 175.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GHM is -12.30 vs. an industry ratio of 16.80.
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, 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 13.88 vs. an industry ratio of 23.30. | ABM Industries Incorporated (ABM)is reporting for the quarter ending April 30, 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 13.88 vs. an industry ratio of 23.30. | ABM Industries Incorporated (ABM)is reporting for the quarter ending April 30, 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 13.88 vs. an industry ratio of 23.30. | In the past year ABM has beat the expectations every quarter. ABM Industries Incorporated (ABM)is reporting for the quarter ending April 30, 2022. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 13.88 vs. an industry ratio of 23.30. |
29238.0 | 2022-06-08 00:00:00 UTC | ABM Industries (ABM) Q2 Earnings Beat Estimates | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q2-earnings-beat-estimates | nan | nan | ABM Industries (ABM) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.95%. 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 $0.79 per share when it actually produced earnings of $0.94, delivering a surprise of 18.99%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.9 billion for the quarter ended April 2022, missing the Zacks Consensus Estimate by 1.01%. This compares to year-ago revenues of $1.5 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 22.7% since the beginning of the year versus the S&P 500's decline of -12.7%.
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: 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 $0.95 on $1.94 billion in revenues for the coming quarter and $3.61 on $7.8 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 9% 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, Accenture (ACN), has yet to report results for the quarter ended May 2022. The results are expected to be released on June 23.
This consulting company is expected to post quarterly earnings of $2.84 per share in its upcoming report, which represents a year-over-year change of +18.3%. 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 21.1% 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 $0.89 per share, beating the Zacks Consensus Estimate of $0.84 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.9 billion for the quarter ended April 2022, missing the Zacks Consensus Estimate by 1.01%. ABM Industries shares have added about 22.7% since the beginning of the year versus the S&P 500's decline of -12.7%. | ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.9 billion for the quarter ended April 2022, missing the Zacks Consensus Estimate by 1.01%. ABM Industries (ABM) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.84 per share. ABM Industries shares have added about 22.7% since the beginning of the year versus the S&P 500's decline of -12.7%. | ABM Industries (ABM) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.84 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.9 billion for the quarter ended April 2022, missing the Zacks Consensus Estimate by 1.01%. ABM Industries shares have added about 22.7% since the beginning of the year versus the S&P 500's decline of -12.7%. | ABM Industries (ABM) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.84 per share. 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? ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.9 billion for the quarter ended April 2022, missing the Zacks Consensus Estimate by 1.01%. |
29239.0 | 2022-06-07 00:00:00 UTC | Here's Why Investors Should Buy ABM Industries (ABM) Now | ABM | https://www.nasdaq.com/articles/heres-why-investors-should-buy-abm-industries-abm-now | nan | nan | ABM Industries Incorporated ABM has performed well year to date with the potential to sustain the momentum. If you haven’t taken advantage of its share price appreciation yet, it’s time you add the stock to your portfolio.
Let’s look at the factors that make the stock an attractive bet.
An Outperformer: A glimpse at ABM Industries’ price trend shows that its shares have rallied 23.3% year to date compared with the 2.7% rise of the industry it belongs to.
Image Source: Zacks Investment Research
Solid Rank: ABM Industries currently carries a Zacks Rank #2 (Buy). Our research shows that stocks with a Zacks Rank #1 (Strong Buy) or 2 offer attractive investment opportunities. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions: One estimate for 2022 has moved north in the past 60 days versus no southward revision, reflecting analysts’ confidence in the stock. The Zacks Consensus Estimate for 2022 earnings has moved 0.3% up in the past 60 days.
Positive Earnings Surprise History: ABM Industries has an impressive surprise history. Earnings of ABM outpaced the Zacks Consensus Estimate in all the trailing four quarters, the average being 11.8%.
Driving Factors: ABM Industries' strategy entails growth through strategic acquisitions and organic investment. Recently, ABM completed the buyout of Momentum Support. This buyout will expand ABM’s footprint in attractive geographies and end-markets. By acquiring momentum, ABM increases its ability to serve clients in faster growing markets like technology and life sciences, many of whom maintain a significant presence in Ireland. Another acquisition of Able Services, completed in September 2021, strengthens ABM Industries' engineering and technical services, expands its sustainability and energy efficiency offerings and its core businesses and key geographies.
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 via share buybacks. In fiscal 2019, ABM returned $47.7 million of dividend payments to its shareholders but did not buy back any shares. Such moves indicate its commitment to create value for its shareholders and underline its confidence in its business. These initiatives not only raise investors’ optimism but also positively impact a company's earnings per share.
Other Stocks to Consider
Investors interested in the broader Zacks Business Services sector can also consider stocks like Avis Budget Group, Inc. CAR, Cross Country Healthcare CCRN and Automatic Data Processing, Inc. ADP.
Avis Budget sports a Zacks Rank of 1 at present. CAR has a long-term earnings growth expectation of 19.4%.
Avis Budget delivered a trailing four-quarter earnings surprise of 102%, on average.
Cross Country Healthcare has a Zacks Rank of 1 and a long-term earnings growth expectation of 6.9%.
CCRN delivered a trailing four-quarter earnings surprise of 29.2%, on average.
Automatic Data Processing carries a Zacks Rank of 2, currently. ADP has a long-term earnings growth expectation of 12%.
Automatic Data Processing delivered a trailing four-quarter earnings surprise of 6.2%, 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. | By acquiring momentum, ABM increases its ability to serve clients in faster growing markets like technology and life sciences, many of whom maintain a significant presence in Ireland. ABM Industries Incorporated ABM has performed well year to date with the potential to sustain the momentum. An Outperformer: A glimpse at ABM Industries’ price trend shows that its shares have rallied 23.3% year to date compared with the 2.7% rise of the industry it belongs to. | ABM Industries Incorporated ABM has performed well year to date with the potential to sustain the momentum. An Outperformer: A glimpse at ABM Industries’ price trend shows that its shares have rallied 23.3% year to date compared with the 2.7% rise of the industry it belongs to. Image Source: Zacks Investment Research Solid Rank: ABM Industries currently carries a Zacks Rank #2 (Buy). | Image Source: Zacks Investment Research Solid Rank: ABM Industries currently carries a Zacks Rank #2 (Buy). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Incorporated ABM has performed well year to date with the potential to sustain the momentum. | We are also impressed with ABM Industries’ endeavors in rewarding its shareholders through dividend payments and share repurchases. ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Incorporated ABM has performed well year to date with the potential to sustain the momentum. |
29240.0 | 2022-06-06 00:00:00 UTC | What's in the Cards for ABM Industries (ABM) in Q2 Earnings? | ABM | https://www.nasdaq.com/articles/whats-in-the-cards-for-abm-industries-abm-in-q2-earnings | nan | nan | ABM Industries Inc. ABM is scheduled to report second-quarter fiscal 2022 results on Jun 8, after market close.
Let’s check out how things have shaped up for the announcement.
Q2 Expectations
The Zacks Consensus Estimate for the company’s second-quarter fiscal 2022 revenues is pegged at $1.92 billion, indicating 28% year-over-year growth. The top line is expected to have benefited from the Able acquisition, solid demand for its core janitorial and engineering services, and continued recovery in the Aviation industry.
The consensus mark for earnings stands at 84 cents per share, suggesting year-over-year growth of 2.4%. The bottom line is likely to have benefited from higher operational earnings across the industry groups, inclusive of the Able acquisition and gain on the sale of select healthcare customer contracts.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for ABM Industries 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
ABM Industries has an Earnings ESP of -2.09% and a Zacks Rank #2.
ABM Industries Incorporated Price and EPS Surprise
ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings this season:
Avis Budget CAR has an Earnings ESP of +9.74% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Avis Budget has an expected earnings growth rate of 59.9% for the current year. CAR delivered a trailing four-quarter earnings surprise of 102.1%, on average.
Avis Budget’s shares have surged 124% in the past year. Its long-term earnings growth rate is projected at 19.4%.
Huron Consulting HURN has an Earnings ESP of +6.04% and a Zacks Rank #1.
Huron has an expected earnings growth rate of 22.6% for the current year. Huron delivered a trailing four-quarter earnings surprise of 29.9%, on average.
Huron’s shares have gained 14.7% in the past year.
WEX WEX has an Earnings ESP of +0.29% and a Zacks Rank #3.
WEX has an expected earnings growth rate of 38.7% for the current year. RHI delivered a trailing four-quarter earnings surprise of 8.6%, on average.
WEX’s long-term earnings growth rate is projected at 17.8%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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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 is scheduled to report second-quarter fiscal 2022 results on Jun 8, after market close. What Our Model Says Our proven model does not conclusively predict an earnings beat for ABM Industries this time around. ABM Industries has an Earnings ESP of -2.09% and a Zacks Rank #2. | ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Inc. ABM is scheduled to report second-quarter fiscal 2022 results on Jun 8, after market close. What Our Model Says Our proven model does not conclusively predict an earnings beat for ABM Industries this time around. | ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote Stocks to Consider Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings this season: Avis Budget CAR has an Earnings ESP of +9.74% and a Zacks Rank of 1. ABM Industries Inc. ABM is scheduled to report second-quarter fiscal 2022 results on Jun 8, after market close. What Our Model Says Our proven model does not conclusively predict an earnings beat for ABM Industries this time around. | ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote Stocks to Consider Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings this season: Avis Budget CAR has an Earnings ESP of +9.74% and a Zacks Rank of 1. ABM Industries Inc. ABM is scheduled to report second-quarter fiscal 2022 results on Jun 8, after market close. What Our Model Says Our proven model does not conclusively predict an earnings beat for ABM Industries this time around. |
29241.0 | 2022-06-01 00:00:00 UTC | ABM Industries (ABM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release | ABM | https://www.nasdaq.com/articles/abm-industries-abm-earnings-expected-to-grow%3A-what-to-know-ahead-of-next-weeks-release-0 | nan | nan | ABM Industries (ABM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2022. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on June 8, 2022, 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 management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds 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 $0.84 per share in its upcoming report, which represents a year-over-year change of +2.4%.
Revenues are expected to be $1.92 billion, up 28% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 1.06% higher 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 the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
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 lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.09%.
On the other hand, the stock currently carries a Zacks Rank of #2.
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 $0.79 per share when it actually produced earnings of $0.94, delivering a surprise of +18.99%.
Over the last four quarters, the company has beaten consensus EPS estimates four 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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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 expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2022. How Have the Numbers Shaped Up for ABM Industries? For ABM Industries, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. | ABM Industries (ABM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2022. How Have the Numbers Shaped Up for ABM Industries? For ABM Industries, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. | For ABM Industries, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. ABM Industries (ABM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2022. How Have the Numbers Shaped Up for ABM Industries? | For ABM Industries, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. For the last reported quarter, it was expected that ABM Industries would post earnings of $0.79 per share when it actually produced earnings of $0.94, delivering a surprise of +18.99%. ABM Industries (ABM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2022. |
29242.0 | 2022-05-31 00:00:00 UTC | ABM Industries (ABM) Dips More Than Broader Markets: What You Should Know | ABM | https://www.nasdaq.com/articles/abm-industries-abm-dips-more-than-broader-markets%3A-what-you-should-know-0 | nan | nan | ABM Industries (ABM) closed at $48.35 in the latest trading session, marking a -0.86% move from the prior day. This change lagged the S&P 500's 0.63% loss on the day. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq lost 0.15%.
Heading into today, shares of the provider of cleaning and other maintenance services for commercial buildings, hospitals and airports had gained 1.67% over the past month, outpacing the Business Services sector's loss of 1.31% and the S&P 500's gain of 0.89% in that time.
Investors will be hoping for strength from ABM Industries as it approaches its next earnings release, which is expected to be June 8, 2022. The company is expected to report EPS of $0.84, up 2.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.92 billion, up 27.98% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.61 per share and revenue of $7.84 billion, which would represent changes of +0.84% and +25.86%, respectively, from the prior year.
Any recent changes to analyst estimates for ABM Industries should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.35% higher. ABM Industries is currently a Zacks Rank #2 (Buy).
Looking at its valuation, ABM Industries is holding a Forward P/E ratio of 13.52. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 13.52.
The Building Products - Maintenance Service industry is part of the Business Services sector. This group has a Zacks Industry Rank of 24, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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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
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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 will be hoping for strength from ABM Industries as it approaches its next earnings release, which is expected to be June 8, 2022. ABM Industries (ABM) closed at $48.35 in the latest trading session, marking a -0.86% move from the prior day. Any recent changes to analyst estimates for ABM Industries should also be noted by investors. | ABM Industries (ABM) closed at $48.35 in the latest trading session, marking a -0.86% move from the prior day. Investors will be hoping for strength from ABM Industries as it approaches its next earnings release, which is expected to be June 8, 2022. Any recent changes to analyst estimates for ABM Industries should also be noted by investors. | ABM Industries (ABM) closed at $48.35 in the latest trading session, marking a -0.86% move from the prior day. Investors will be hoping for strength from ABM Industries as it approaches its next earnings release, which is expected to be June 8, 2022. Any recent changes to analyst estimates for ABM Industries should also be noted by investors. | ABM Industries (ABM) closed at $48.35 in the latest trading session, marking a -0.86% move from the prior day. ABM Industries is currently a Zacks Rank #2 (Buy). Investors will be hoping for strength from ABM Industries as it approaches its next earnings release, which is expected to be June 8, 2022. |
29243.0 | 2022-05-26 00:00:00 UTC | Should Value Investors Buy ABM Industries (ABM) Stock? | ABM | https://www.nasdaq.com/articles/should-value-investors-buy-abm-industries-abm-stock | nan | nan | The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 12.33 right now. For comparison, its industry sports an average P/E of 30.19. ABM's Forward P/E has been as high as 61.52 and as low as 11.14, with a median of 13.31, all within the past year.
Finally, our model also underscores that ABM has a P/CF ratio of 14.68. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 36.95. ABM's P/CF has been as high as 16.87 and as low as 6.15, with a median of 13.25, all within the past year.
These are just a handful of the figures considered in ABM Industries's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ABM is an impressive value stock right now.
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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. | One company value investors might notice is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. ABM's Forward P/E has been as high as 61.52 and as low as 11.14, with a median of 13.31, all within the past year. | ABM Industries Incorporated (ABM): Free Stock Analysis Report One company value investors might notice is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. | ABM Industries Incorporated (ABM): Free Stock Analysis Report One company value investors might notice is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. | One company value investors might notice is ABM Industries (ABM). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. |
29244.0 | 2022-05-25 00:00:00 UTC | ABM Industries (ABM) Outpaces Stock Market Gains: What You Should Know | ABM | https://www.nasdaq.com/articles/abm-industries-abm-outpaces-stock-market-gains%3A-what-you-should-know-0 | nan | nan | ABM Industries (ABM) closed the most recent trading day at $47.22, moving +1.4% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.95%. Meanwhile, the Dow gained 0.6%, and the Nasdaq, a tech-heavy index, added 0.04%.
Prior to today's trading, shares of the provider of cleaning and other maintenance services for commercial buildings, hospitals and airports had lost 2.8% over the past month. This has was narrower than the Business Services sector's loss of 8.51% and the S&P 500's loss of 7.49% in that time.
Wall Street will be looking for positivity from ABM Industries as it approaches its next earnings report date. This is expected to be June 8, 2022. The company is expected to report EPS of $0.84, up 2.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.92 billion, up 27.98% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.61 per share and revenue of $7.84 billion. These totals would mark changes of +0.84% and +25.86%, respectively, from last year.
Any recent changes to analyst estimates for ABM Industries should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.35% higher. ABM Industries is currently a Zacks Rank #2 (Buy).
Digging into valuation, ABM Industries currently has a Forward P/E ratio of 12.91. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 12.91.
The Building Products - Maintenance Service industry is part of the Business Services sector. This group has a Zacks Industry Rank of 51, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABM in the coming trading sessions, be sure to utilize Zacks.com.
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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) closed the most recent trading day at $47.22, moving +1.4% from the previous trading session. Wall Street will be looking for positivity from ABM Industries as it approaches its next earnings report date. Any recent changes to analyst estimates for ABM Industries should also be noted by investors. | ABM Industries (ABM) closed the most recent trading day at $47.22, moving +1.4% from the previous trading session. ABM Industries Incorporated (ABM): Free Stock Analysis Report Wall Street will be looking for positivity from ABM Industries as it approaches its next earnings report date. | ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries (ABM) closed the most recent trading day at $47.22, moving +1.4% from the previous trading session. Wall Street will be looking for positivity from ABM Industries as it approaches its next earnings report date. | ABM Industries (ABM) closed the most recent trading day at $47.22, moving +1.4% from the previous trading session. ABM Industries is currently a Zacks Rank #2 (Buy). ABM Industries Incorporated (ABM): Free Stock Analysis Report |
29245.0 | 2022-05-24 00:00:00 UTC | Has ABM Industries (ABM) Outpaced Other Business Services Stocks This Year? | ABM | https://www.nasdaq.com/articles/has-abm-industries-abm-outpaced-other-business-services-stocks-this-year-2 | nan | nan | Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has ABM Industries (ABM) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
ABM Industries is a member of our Business Services group, which includes 319 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ABM Industries is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ABM's full-year earnings has moved 5.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ABM has returned about 12.4% since the start of the calendar year. Meanwhile, stocks in the Business Services group have lost about 23.2% on average. As we can see, ABM Industries is performing better than its sector in the calendar year.
Another Business Services stock, which has outperformed the sector so far this year, is International Money Express (IMXI). The stock has returned 23% year-to-date.
The consensus estimate for International Money Express' current year EPS has increased 13.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ABM Industries belongs to the Building Products - Maintenance Service industry, which includes 3 individual stocks and currently sits at #25 in the Zacks Industry Rank. Stocks in this group have gained about 2.7% so far this year, so ABM is performing better this group in terms of year-to-date returns.
International Money Express, however, belongs to the Financial Transaction Services industry. Currently, this 41-stock industry is ranked #146. The industry has moved -7.2% so far this year.
ABM Industries and International Money Express could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
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
INTERNATIONAL MONEY EXPRESS, INC. (IMXI): Free Stock Analysis Report
To read this article on Zacks.com 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. | ABM Industries is a member of our Business Services group, which includes 319 different companies and currently sits at #10 in the Zacks Sector Rank. Has ABM Industries (ABM) been one of those stocks this year? ABM Industries is currently sporting a Zacks Rank of #2 (Buy). | ABM Industries and International Money Express could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks. ABM Industries Incorporated (ABM): Free Stock Analysis Report Has ABM Industries (ABM) been one of those stocks this year? | Looking more specifically, ABM Industries belongs to the Building Products - Maintenance Service industry, which includes 3 individual stocks and currently sits at #25 in the Zacks Industry Rank. ABM Industries and International Money Express could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks. Has ABM Industries (ABM) been one of those stocks this year? | ABM Industries is a member of our Business Services group, which includes 319 different companies and currently sits at #10 in the Zacks Sector Rank. Over the past 90 days, the Zacks Consensus Estimate for ABM's full-year earnings has moved 5.8% higher. Our latest available data shows that ABM has returned about 12.4% since the start of the calendar year. |
29246.0 | 2022-05-24 00:00:00 UTC | Mastercard (MA) Extends Tie-Up With Sokin to Boost Presence | ABM | https://www.nasdaq.com/articles/mastercard-ma-extends-tie-up-with-sokin-to-boost-presence | nan | nan | Mastercard Incorporated MA and the leading financial service provider Sokin recently expanded their collaboration with an aim to make an array of financial service products accessible in 39 new countries spread across the Middle East and Africa.
As part of the multi-year comprehensive partnership deal, the reliable and secured digital-first banking solutions and card services of MA will be put to use by Sokin. In this manner, Mastercard will facilitate the launch of Sokin’s fixed-price payment services across several newer markets in the Middle East and Africa.
Backed by Mastercard, Sokin will extend limitless international money transfers and payments devoid of mark-up on transactions or hidden fees across the abovementioned 39 new countries from this year itself. Apart from benefiting people transferring and receiving money globally on a regular basis, the partnership expansion with Sokin will enable Mastercard to deliver affordable solutions to over 35 million migrant workers in the Middle East and Africa.
The latest tie-up is not only expected to strengthen the partnership between Mastercard and Sokin but also highlight the mutual aim of bringing about an evolution in the financial services landscape of the Middle East and Africa. The evolution, in the form of enhanced digital payment solutions, is likely to be a perfect alternative to age-old banking services for people residing in the Middle East and Africa. The partnership expansion will address the significant headwinds that deprive millions of people of availing opportunities in the rapidly evolving global payments ecosystem and help undertake seamless payments as well as transfers.
Even before Mastercard and Sokin extended their alliance in the Middle East and Africa, both had joined forces in Europe, the U.K., South Asia, Singapore, Latin America, Mexico and Brazil, thereby reflecting the strong bond shared by them. Mastercard invests its trust in Sokin, considering the latter’s capabilities to roll out secured payment solutions and its emergence as a leading fintech offering international payments within a short span of time.
Mastercard remains the preferred choice of fintechs owing to its strong brand name, local knowledge, expanded capabilities, extensive network and global presence. Mastercard continues to steadily pursue a strategy of entering into partnerships and undertaking significant investments to harness the potential of the digital payments landscape. Teaming up with fintechs over the passage of time has bolstered the capabilities and global presence of the company.
Shares of Mastercard have gained 2.5% in the past six months against the industry’s decline of 14.1%. MA currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the Business Services services space are Green Dot Corporation GDOT, ABM Industries Incorporated ABM and FTI Consulting, Inc. FCN. While Green Dot currently flaunts a Zacks Rank #1 (Strong Buy), ABM Industries and FTI Consulting carry a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The bottom line of Green Dot outpaced estimates in three of the last four quarters and missed once, the average surprise being 20.50%. The Zacks Consensus Estimate for GDOT’s 2022 earnings suggests an improvement of 8.6% from the year-ago reported figure, while the same for revenues suggests growth of 2.3%. The consensus mark for Green Dot’s 2022 earnings has moved 6.2% north in the past 30 days.
ABM Industries’ earnings outpaced estimates in each of the trailing four quarters, the average surprise being 11.77%. The Zacks Consensus Estimate for ABM’s 2022 earnings suggests an improvement of 0.8% from the year-ago reported figure, while the same for revenues suggests growth of 25.9%. The consensus mark for ABM Industries’ 2022 earnings has moved north by 0.3% in the past seven days.
The bottom line of FTI Consulting outpaced estimates in each of the last four quarters, the average surprise being 24.40%. The Zacks Consensus Estimate for FCN’s 2022 earnings suggests an improvement of 1.6% from the year-ago reported figure, while the same for revenues suggests growth of 6.2%. The consensus mark for FTI Consulting’s 2022 earnings has moved north by 0.9% in the past 30 days.
FTI Consulting stock has gained 7.7% in the past six months. Meanwhile, shares of Green Dot and ABM Industries have lost 30.7% and 6.4%, respectively, in the same time frame.
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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Mastercard Incorporated (MA): Free Stock Analysis Report
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Green Dot Corporation (GDOT): 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. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services services space are Green Dot Corporation GDOT, ABM Industries Incorporated ABM and FTI Consulting, Inc. FCN. While Green Dot currently flaunts a Zacks Rank #1 (Strong Buy), ABM Industries and FTI Consulting carry a Zacks Rank of 2 (Buy). ABM Industries’ earnings outpaced estimates in each of the trailing four quarters, the average surprise being 11.77%. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services services space are Green Dot Corporation GDOT, ABM Industries Incorporated ABM and FTI Consulting, Inc. FCN. While Green Dot currently flaunts a Zacks Rank #1 (Strong Buy), ABM Industries and FTI Consulting carry a Zacks Rank of 2 (Buy). ABM Industries Incorporated (ABM): Free Stock Analysis Report | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services services space are Green Dot Corporation GDOT, ABM Industries Incorporated ABM and FTI Consulting, Inc. FCN. While Green Dot currently flaunts a Zacks Rank #1 (Strong Buy), ABM Industries and FTI Consulting carry a Zacks Rank of 2 (Buy). The Zacks Consensus Estimate for ABM’s 2022 earnings suggests an improvement of 0.8% from the year-ago reported figure, while the same for revenues suggests growth of 25.9%. | Meanwhile, shares of Green Dot and ABM Industries have lost 30.7% and 6.4%, respectively, in the same time frame. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services services space are Green Dot Corporation GDOT, ABM Industries Incorporated ABM and FTI Consulting, Inc. FCN. While Green Dot currently flaunts a Zacks Rank #1 (Strong Buy), ABM Industries and FTI Consulting carry a Zacks Rank of 2 (Buy). |
29247.0 | 2022-05-19 00:00:00 UTC | 3 Dividend Kings Trading for Bargain Prices | ABM | https://www.nasdaq.com/articles/3-dividend-kings-trading-for-bargain-prices | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
ABM Industries (ABM): Though relatively small in size, ABM Industries is one of top names in its industry.
Becton, Dickinson & Co. (BDX) has grown from humble beginnings to be one of the largest names in the medical device industry.
Dover (DOV) is a global manufacturer with a highly diversified business model.
Source: Shutterstock
The recent sharp declines in markets have sent prices lower almost across the board for stocks. Investors appear willing to accept any price in an effort to protect the gains they have seen over the past few years.
While this may sooth investors’ nerves in the short-term, long-term it could be a mistake.
Given the volatility, we believe that investors should focus on owning shares of high-quality companies that have business models that work under most market conditions.
The Dividend Kings, which are those stocks with at least 50 years of dividend growth, is an excellent place to find high quality names. There are less than 40 stocks within this index as a company must have a very strong business model to raise dividends for five decades. These are the companies we suggest investors turn to when markets sell off.
Ticker Company Price
ABM ABM Industries $45.15
BDX Becton, Dickinson & Co. $251.11
DOV Dover $129.53
Dividend Kings: ABM Industries (ABM)
Source: Shutterstock
Our first Dividend King for consideration is ABM Industries (NYSE:ABM), a leading provider of facility solutions. The $3 billion company has annual revenue of more than $6 billion.
Though relatively small in size, ABM Industries is one of top names in its industry. The company provides a wide range of services, including janitorial, electrical and lighting, energy solutions, facilities engineering HVAC, mechanical, and parking. This wide range of services appeals to a variety of clients, including airports, schools, universities, hospitals, and manufacturing plants.
7 Dividend Stocks to Boost Your Retirement Savings
The company has been in business for more than a century and has established a very positive reputation in facility solutions. This attracts new customers as well as helps to maintain existing partnerships. It is a major reason why ABM Industries often targets, and is successful at, winning large national accounts in order to acquire substantial business.
In addition, ABM Industries uses acquisitions to gain entrance into new markets. For example, the company made two sperate purchases in 2014 and 2015 that helped ABM Industries enter the United Kingdom. While still primarily focused on the U.S. market, these acquisitions have helped propel ABM Industries’ international business. In 2021, ABM Industries acquired Able Services, which was the largest family-owned facility services company in the U.S., helping to further expand the company’s reach and offerings.
Because of these tailwinds, we project that ABM Industries can grow earnings-per-share by 5% annually through 2027, which is in-line with the long-term growth rate.
ABM Industries long track record of success has led to 54 consecutive years of dividend growth. The stock yields 1.7%. We forecast that ABM Industries’ payout ratio will be just 22% for the year.
Shares of the company are currently trading at 12.7 times our expected earnings-per-share of $3.60. We believe fair value lies at 17.5 times earnings, which is the stock’s average valuation since 2012. Multiple expansion could add 6.5% to annual returns over the next half-decade.
Therefore, we estimate that ABM Industries can return 13.2% per year through 2027, stemming from a 5% earnings growth rate, a starting yield of 1.7%, and a mid-single-digit tailwind from multiple expansion.
Becton, Dickinson & Company (BDX)
Source: iQoncept/shutterstock.com
Our next pick is Becton, Dickinson & Co. (NYSE:BDX), or BD, which is a leading medical device company. BD is valued at just under $71 billion and generated $20 billion in fiscal year 2021.
BD traces its history back more than 120 years. The company has grown from humble beginnings to be one of the largest names in the medical device industry. BD has achieved its leadership position because it has a wide variety of products that are needed in the healthcare sector.
The company consists of three segments, including medical, life sciences, and intervention. BD’s core product categories include diagnostic, infection prevention and surgical equipment. The company is highly innovative dating back to its beginning. That tradition of bringing new products to market continues today, as BD expects to launch more than 100 new products through fiscal year 2025. These products will provide additional tailwinds to results as the company expects nearly $2 billion in incremental revenue during this time.
BD also uses acquisitions to augment its core portfolio, the most important of which was the company’s 2017 purchase of C.R. Bard for $24 billion. The largest acquisition in BD’s history added the one of the top medical supply companies to the portfolio and helped establish the Intervention segment. With Bard in the fold, BD’s total addressable market increased by $20 billion. At the same time, BD spun off its diabetes care business, which had been lagging for some time, into a standalone company on April 1st of this year.
BD’s has been successful for a very long time, with earnings-per-share growing at a rate of more than 10% annually over the last decade. We believe the company can see this level of growth going forward as well.
The healthcare sector is often recession-resistant due to the importance of products and services offered. Combined with a strong business model, BD has been able to grow its dividend for five decades. The company’s dividend should grow for years to come as the payout ratio is projected to be just 27% this fiscal year. The stock yields 1.4% at the moment.
Shares of the company are trading with a price-to-earnings ratio of 19.2 using our earnings estimate of $12.93 per share for fiscal year 2022. With a five-year target valuation of 18.6 times earnings, this implies a small annual headwind to total returns from multiple compression.
In total, BD is projected to return 10.4% per year for the next five years, due to a 10% earnings growth rate and starting yield of 1.4% that are only partially offset by a modest multiple compression.
Dividend Kings: Dover (DOV)
Source: IgorGolovniov / Shutterstock.com
Our final top Dividend Kings pick is Dover (NYSE:DOV), a global industrial manufacturer. The company has annual revenues of more than $6 billion and is valued at $18.6 billion.
Dover operates a highly diversified business model. The company’s reporting segments include engineered systems, clean energy and fueling, pumps and process solutions, image and identification, and climate and sustainability technologies.
Dover is also diversified along sources of revenue, with the U.S. accounting for just over half of annual sales. International markets contribute the remainder.
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The company operates in a niche market, but specializes in highly engineered products. Having the ability to create what customers need helps to raise switching costs as a competitor might not be able to match Dover’s technical prowess. This makes it less likely that customers will change who they do business with, one of the main reasons why Dover’s backlog grew 54% year-over-year to $3.4 billion in the most recent quarter.
Dover has also taken action to improve its portfolio, spending more than $800 million on acquisitions to improve the company’s standing or to enter new markets. This has brought new businesses to every segment within the company.
Earnings-per-share increased by 6% over the last decade, but we expect 8% growth going forward as the company’s history of organic growth supported by acquisitions should continue.
Despite operating in a highly cyclical industry, Dover has increased its dividend for 66 consecutive years, one of the longest track records in the market place. This growth streak is likely to continue as we have a projected payout ratio of just 23% for the year. Dover yields 1.5%.
Using earnings-per-share estimates of $8.55 for 2022, shares trade with a price-to-earnings ratio of 15.2. This is below our 2027 target valuation of 17 times earnings, implying a 2.3% annual contribution from multiple expansion over this period.
In total, Dover is expected to provide annual returns of 11.8% over the next five years, due to a combination of 8% earnings growth, a dividend yield of 1.5%, and a low single-digit contribution from multiple expansion.
Final Thoughts
Turbulent markets can frustrate the average investor, but we stress that those with a long-term perspective target companies that are leaders in their sectors. These companies often have the ability to pay safe and secure dividends because of the strength of their business models.
The recent market wide pullback has resulted in even high-quality names, such as ABM Industries, Becton, Dickinson & Co. and Dover, to see their share prices fall. As a result, all three names now offer the potential annual returns in excess of 10% over the next five years.
All three companies are also members of the exclusive Dividend Kings index. Just as important, the dividend growth streaks are likely to continue as each company has a very low payout ratio.
This suggests that ABM Industries, Becton, Dickinson & Company, and Dover could be good options for investors looking for high levels of total returns and secure income.
On the date of publication, Bob Ciura did not have (either directly or indirectly) positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 3 Dividend Kings Trading for Bargain Prices 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. | This suggests that ABM Industries, Becton, Dickinson & Company, and Dover could be good options for investors looking for high levels of total returns and secure income. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ABM Industries (ABM): Though relatively small in size, ABM Industries is one of top names in its industry. Ticker Company Price ABM ABM Industries $45.15 BDX Becton, Dickinson & Co. $251.11 DOV Dover $129.53 Dividend Kings: ABM Industries (ABM) Source: Shutterstock Our first Dividend King for consideration is ABM Industries (NYSE:ABM), a leading provider of facility solutions. | Ticker Company Price ABM ABM Industries $45.15 BDX Becton, Dickinson & Co. $251.11 DOV Dover $129.53 Dividend Kings: ABM Industries (ABM) Source: Shutterstock Our first Dividend King for consideration is ABM Industries (NYSE:ABM), a leading provider of facility solutions. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ABM Industries (ABM): Though relatively small in size, ABM Industries is one of top names in its industry. Though relatively small in size, ABM Industries is one of top names in its industry. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips ABM Industries (ABM): Though relatively small in size, ABM Industries is one of top names in its industry. Ticker Company Price ABM ABM Industries $45.15 BDX Becton, Dickinson & Co. $251.11 DOV Dover $129.53 Dividend Kings: ABM Industries (ABM) Source: Shutterstock Our first Dividend King for consideration is ABM Industries (NYSE:ABM), a leading provider of facility solutions. In 2021, ABM Industries acquired Able Services, which was the largest family-owned facility services company in the U.S., helping to further expand the company’s reach and offerings. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips ABM Industries (ABM): Though relatively small in size, ABM Industries is one of top names in its industry. Ticker Company Price ABM ABM Industries $45.15 BDX Becton, Dickinson & Co. $251.11 DOV Dover $129.53 Dividend Kings: ABM Industries (ABM) Source: Shutterstock Our first Dividend King for consideration is ABM Industries (NYSE:ABM), a leading provider of facility solutions. Though relatively small in size, ABM Industries is one of top names in its industry. |
29248.0 | 2022-05-17 00:00:00 UTC | Zacks Industry Outlook Highlights ABM Industries and Rollins | ABM | https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-abm-industries-and-rollins | nan | nan | For Immediate Release
Chicago, IL – May 17, 2022 – Today, Zacks Equity Research discusses ABM Industries Inc. ABM and Rollins, Inc. ROL.
Industry: Building Maintenance
Link: https://www.zacks.com/commentary/1924808/2-stocks-to-watch-from-the-building-maintenance-industry
Strength in the construction business, along with healthy manufacturing and service activities, is enabling the Zacks Building Products - Maintenance Services industry to support the improving demand environment.
Service essentiality, technology and capital-management measures are aiding ABM Industries Inc. and Rollins, Inc. to sail through the pandemic-induced testing times.
About the Industry
Companies under the Zacks Building Products - Maintenance Services category provide a wide range of services, including electrical, lighting, cleaning, repair, replacement, heating, ventilation, air-conditioning, plumbing, landscaping and pest control. The industry is steadily recovering from the pandemic-induced weakness, with demand for services shooting up in residential, commercial and public buildings, and in various industries across the globe.
To position themselves suitably in the post-pandemic era, service providers are increasing their efforts toward formulating and reassessing strategic initiatives, identifying sources of demand and targeting end markets. As these services are essential and cannot be delayed or canceled, demand for the same is expected to accelerate drastically post the pandemic, helping industry players recover quickly.
What's Shaping the Future of the Building Maintenance Industry?
Sustained Demand Expansion: Revenues and income have been increasing for the past several years, mainly because the companies offer services that consumers generally cannot delay. This has enabled most industry players to increase dividends.
Manufacturing and Service in the Pink: With economic activities in manufacturing as well as non-manufacturing sectors staying in the pink, demand for building maintenance services is anticipated to rise steadily. Both the manufacturing PMI and the Services PMI, measured by the Institute for Supply Management, have stayed above the 50% mark for the past 23 consecutive months, indicating continued expansion.
Increasing Construction Spending: The construction business, on which the industry is largely dependent, has strengthened sequentially and year over year. Per the latest release by the U.S. Census Bureau, construction spending during March 2022 was estimated at a seasonally-adjusted annual rate of $1,730.5 billion, up 0.1% from the revised February 2022 estimate and 11.7% from the March 2021 estimate. During the first three months of 2022, construction spending rose 12% from the same period in 2021.
Zacks Industry Rank Indicates Bleak Prospects
The Building Products - Maintenance Service industry, which is housed within the broader Business Services sector, currently carries a Zacks Industry Rank #215. This rank places it in the bottom 15% of more than 250 Zacks industries.
The group's Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates underperformance in the near term. 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.
Before we present a few stocks that you may want to consider for your portfolio, let us look at the industry's recent stock-market performance and current valuation.
Industry's Price Performance
Over the past year, the Zacks Building Products - Maintenance Service industry has depreciated 10.4% compared with the S&P 500 composite's decline of 3.6%. The broader sector has declined 35.9% during the same period.
Industry's Current Valuation
Comparing the industry with the S&P 500 composite on the basis of forward 12-month price-to-earnings (P/E), which is a commonly-used multiple for the industry, we see that the industry trades at 29.29X, higher than the S&P 500's 17.38X and the sector's 23.64X.
Over the past five years, the industry has traded as high as 72.32X, as low as 25.11X and at a median of 37.44X.
Two Stocks to Watch Right Now
We present two stocks that are both currently carrying a Zacks Rank #3 (Hold) and are well-positioned for near-term growth. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks 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. ELEVATE is expected to significantly accelerate the company's organic growth, improve its strategic and comprehensive positioning, and reinforce profitability.
The September 2021 acquisition of Able Services has strengthened ABM's engineering and technical services, and expanded its sustainability and energy efficiency offerings. The buyout adds $1.1 billion in engineering and janitorial services revenues and is anticipated to achieve around $30 million to $40 million in cost synergies for the company.
The Zacks Consensus Estimate for fiscal 2022 EPS has increased 0.6% over the past 60 days. The stock lost 16.3% in the past year.
Rollins: This leading pest and termite control services provider is benefiting from its balanced approach to organic and inorganic growth.
The company's revenues increased 10.3% year over year in the first quarter of 2022, with all of its business lines – residential, commercial and termite – registering growth.
The Zacks Consensus Estimate for 2022 EPS has been unchanged at 73 cents over the past 60 days. The stock lost 5.7% in the past year.
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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.
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ABM Industries Incorporated (ABM): Free Stock Analysis Report
Rollins, Inc. (ROL): 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. | For Immediate Release Chicago, IL – May 17, 2022 – Today, Zacks Equity Research discusses ABM Industries Inc. ABM and Rollins, Inc. ROL. Service essentiality, technology and capital-management measures are aiding ABM Industries Inc. and Rollins, Inc. to sail through the pandemic-induced testing times. 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. | For Immediate Release Chicago, IL – May 17, 2022 – Today, Zacks Equity Research discusses ABM Industries Inc. ABM and Rollins, Inc. ROL. Service essentiality, technology and capital-management measures are aiding ABM Industries Inc. and Rollins, Inc. to sail through the pandemic-induced testing times. 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. | For Immediate Release Chicago, IL – May 17, 2022 – Today, Zacks Equity Research discusses ABM Industries Inc. ABM and Rollins, Inc. ROL. Service essentiality, technology and capital-management measures are aiding ABM Industries Inc. and Rollins, Inc. to sail through the pandemic-induced testing times. 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. | For Immediate Release Chicago, IL – May 17, 2022 – Today, Zacks Equity Research discusses ABM Industries Inc. ABM and Rollins, Inc. ROL. Service essentiality, technology and capital-management measures are aiding ABM Industries Inc. and Rollins, Inc. to sail through the pandemic-induced testing times. 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. |
29249.0 | 2022-05-16 00:00:00 UTC | 2 Stocks to Watch From the Building Maintenance Industry | ABM | https://www.nasdaq.com/articles/2-stocks-to-watch-from-the-building-maintenance-industry | nan | nan | Strength in the construction business, along with healthy manufacturing and service activities, is enabling the Zacks Building Products - Maintenance Services industry to support the improving demand environment.
Service essentiality, technology and capital-management measures are aiding ABM Industries Incorporated ABM and Rollins, Inc. ROL to sail through the pandemic-induced testing times.
About the Industry
Companies under the Zacks Building Products - Maintenance Services category provide a wide range of services, including electrical, lighting, cleaning, repair, replacement, heating, ventilation, air-conditioning, plumbing, landscaping and pest control. The industry is steadily recovering from the pandemic-induced weakness, with demand for services shooting up in residential, commercial and public buildings, and in various industries across the globe. To position themselves suitably in the post-pandemic era, service providers are increasing their efforts toward formulating and reassessing strategic initiatives, identifying sources of demand and targeting end markets. As these services are essential and cannot be delayed or canceled, demand for the same is expected to accelerate drastically post the pandemic, helping industry players recover quickly.
What's Shaping the Future of the Building Maintenance Industry?
Sustained Demand Expansion: Revenues and income have been increasing for the past several years, mainly because the companies offer services that consumers generally cannot delay. This has enabled most industry players to increase dividends.
Manufacturing and Service in the Pink: With economic activities in manufacturing as well as non-manufacturing sectors staying in the pink, demand for building maintenance services is anticipated to rise steadily. Both the manufacturing PMI and the Services PMI, measured by the Institute for Supply Management, have stayed above the 50% mark for the past 23 consecutive months, indicating continued expansion.
Increasing Construction Spending: The construction business, on which the industry is largely dependent, has strengthened sequentially and year over year. Per the latest release by the U.S. Census Bureau, construction spending during March 2022 was estimated at a seasonally-adjusted annual rate of $1,730.5 billion, up 0.1% from the revised February 2022 estimate and 11.7% from the March 2021 estimate. During the first three months of 2022, construction spending rose 12% from the same period in 2021.
Zacks Industry Rank Indicates Bleak Prospects
The Building Products - Maintenance Service industry, which is housed within the broader Business Services sector, currently carries a Zacks Industry Rank #215. This rank places it in the bottom 15% of more than 250 Zacks industries.
The group’s Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates underperformance in the near term. 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.
Before we present a few stocks that you may want to consider for your portfolio, let us look at the industry’s recent stock-market performance and current valuation.
Industry's Price Performance
Over the past year, the Zacks Building Products - Maintenance Service industry has depreciated 10.4% compared with the S&P 500 composite’s decline of 3.6%. The broader sector has declined 35.9% during the same period.
One-Year Price Performance
Industry's Current Valuation
Comparing the industry with the S&P 500 composite on the basis of forward 12-month price-to-earnings (P/E), which is a commonly-used multiple for the industry, we see that the industry trades at 29.29X, higher than the S&P 500’s 17.38X and the sector’s 23.64X.
Over the past five years, the industry has traded as high as 72.32X, as low as 25.11X and at a median of 37.44X.
Price to Forward 12 Month P/E Ratio
Two Stocks to Watch Right Now
We present two stocks that are both currently carrying a Zacks Rank #3 (Hold) and are well-positioned for near-term growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks 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. ELEVATE is expected to significantly accelerate the company’s organic growth, improve its strategic and comprehensive positioning, and reinforce profitability.
The September 2021 acquisition of Able Services has strengthened ABM’s engineering and technical services, and expanded its sustainability and energy efficiency offerings. The buyout adds $1.1 billion in engineering and janitorial services revenues and is anticipated to achieve around $30 million to $40 million in cost synergies for the company.
The Zacks Consensus Estimate for fiscal 2022 EPS has increased 0.6% over the past 60 days. The stock lost 16.3% in the past year.
Price and Consensus: ABM
Rollins: This leading pest and termite control services provider is benefiting from its balanced approach to organic and inorganic growth.
The company’s revenues increased 10.3% year over year in the first quarter of 2022, with all of its business lines – residential, commercial and termite – registering growth.
The Zacks Consensus Estimate for 2022 EPS has been unchanged at 73 cents over the past 60 days. The stock lost 5.7% in the past year.
Price and Consensus: ROL
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Rollins, Inc. (ROL): 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. | Price and Consensus: ABM Rollins: This leading pest and termite control services provider is benefiting from its balanced approach to organic and inorganic growth. Service essentiality, technology and capital-management measures are aiding ABM Industries Incorporated ABM and Rollins, Inc. ROL to sail through the pandemic-induced testing times. 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. | Service essentiality, technology and capital-management measures are aiding ABM Industries Incorporated ABM and Rollins, Inc. ROL to sail through the pandemic-induced testing times. 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. The September 2021 acquisition of Able Services has strengthened ABM’s engineering and technical services, and expanded its sustainability and energy efficiency offerings. | Service essentiality, technology and capital-management measures are aiding ABM Industries Incorporated ABM and Rollins, Inc. ROL to sail through the pandemic-induced testing times. 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. The September 2021 acquisition of Able Services has strengthened ABM’s engineering and technical services, and expanded its sustainability and energy efficiency offerings. | Service essentiality, technology and capital-management measures are aiding ABM Industries Incorporated ABM and Rollins, Inc. ROL to sail through the pandemic-induced testing times. 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. The September 2021 acquisition of Able Services has strengthened ABM’s engineering and technical services, and expanded its sustainability and energy efficiency offerings. |
29250.0 | 2022-05-13 00:00:00 UTC | Where to Invest $100 Right Now | ABM | https://www.nasdaq.com/articles/where-to-invest-%24100-right-now-1 | nan | nan | Watching the Dow Jones Industrial Average tumble by hundreds of points a day -- or by over 1,000 points as it did recently -- can make for a fearful time, and many investors may believe it is best to take their money out of stocks and wait for the storm to blow over.
But other investors may see the market today as what the military might call a "target-rich environment" with more buying opportunities available. While everyone loves to see the market go up and watch their investments steadily climb in value, it's like buying a house in a seller's market; you're paying top dollar and not getting as much value for your money.
Image source: Getty Images.
While no one knows when the current downdraft might stop -- and there's a good chance this sell-off isn't anywhere near the bottom yet -- it's true that when markets fall, this is when opportunities arise. It's when good companies are suddenly cheap, allowing you to realize potentially excellent returns. As Warren Buffett has said, "Be fearful when others are greedy and greedy when others are fearful."
If you only have $100 to invest today, the following two companies are among the best stocks to consider now.
Image source: Getty Images.
ABM Industries
Another investing legend, Peter Lynch, thought boring stocks tended to make for great stocks to own. Because they were sleepy, they flew under Wall Street's radar and were able to surprise everyone with fantastic returns. That's why I like ABM Industries (NYSE: ABM), a janitorial services and facilities management company that's been steadily growing for over 100 years and will likely be around for another century or more.
Hurt by the pandemic as businesses and offices were shuttered for months on end, it's on the mend and revenue is growing once more, rising 30% in the first quarter to $1.9 billion. Operating profits, though, were down 3% from last year, but with office occupancy rates now rising, management raised full-year adjusted earnings guidance to a range of $3.50 to $3.70 per share, up from its previous call of $3.30 to $3.55 per share and better than last year's $3.58 per share.
What has been especially attractive to investors has been the company's record of paying a dividend, which has continued uninterrupted for 56 years. ABM has also increased the payout for 50 consecutive years -- even through the pandemic -- making it a Dividend King.
Image source: Getty Images.
Apple
Apple (NASDAQ: AAPL) is also a dividend-paying tech stock, though admittedly with a yield of 0.6%, few if any investors really buy it for the payout. Rather, its long record of leading-edge innovation in consumer electronics that is Apple's biggest draw.
Some analysts worry the end of the smartphone upgrade supercycle will hit the iPhone maker hard, with recent data from Canalys showing smartphone shipments falling 11% worldwide. But Apple, which is the second-biggest smartphone maker with an 18% share, "continues to capture consumer demand" with the iPhone 13 while the new iPhone SE "is becoming an important mid-range volume driver for Apple," according to Canalys.
Yet as much of a key to its future as the iPhone, iPad, Mac computers, and other devices are, look for services to play an increasingly important role over the next 20 years, because they are critical to its success now.
Service revenue reached an all-time high in Apple's fiscal second quarter at $19.8 billion. Services now account for over 20% of total revenue, up from under 19% last year. As it leans more into growing that base of business -- it's reportedly restructuring it to concentrate on streaming and advertising -- the ebb and flow of upgrade cycles will have less influence on its continued success, allowing for smoother growth in the years to come.
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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 Another investing legend, Peter Lynch, thought boring stocks tended to make for great stocks to own. That's why I like ABM Industries (NYSE: ABM), a janitorial services and facilities management company that's been steadily growing for over 100 years and will likely be around for another century or more. ABM has also increased the payout for 50 consecutive years -- even through the pandemic -- making it a Dividend King. | That's why I like ABM Industries (NYSE: ABM), a janitorial services and facilities management company that's been steadily growing for over 100 years and will likely be around for another century or more. ABM Industries Another investing legend, Peter Lynch, thought boring stocks tended to make for great stocks to own. ABM has also increased the payout for 50 consecutive years -- even through the pandemic -- making it a Dividend King. | ABM Industries Another investing legend, Peter Lynch, thought boring stocks tended to make for great stocks to own. That's why I like ABM Industries (NYSE: ABM), a janitorial services and facilities management company that's been steadily growing for over 100 years and will likely be around for another century or more. ABM has also increased the payout for 50 consecutive years -- even through the pandemic -- making it a Dividend King. | ABM Industries Another investing legend, Peter Lynch, thought boring stocks tended to make for great stocks to own. That's why I like ABM Industries (NYSE: ABM), a janitorial services and facilities management company that's been steadily growing for over 100 years and will likely be around for another century or more. ABM has also increased the payout for 50 consecutive years -- even through the pandemic -- making it a Dividend King. |
29251.0 | 2022-05-09 00:00:00 UTC | ABM Industries (ABM) Stock Moves -1.32%: What You Should Know | ABM | https://www.nasdaq.com/articles/abm-industries-abm-stock-moves-1.32%3A-what-you-should-know | nan | nan | ABM Industries (ABM) closed at $45.58 in the latest trading session, marking a -1.32% move from the prior day. This move was narrower than the S&P 500's daily loss of 3.2%. Elsewhere, the Dow lost 1.99%, while the tech-heavy Nasdaq lost 0.47%.
Prior to today's trading, shares of the provider of cleaning and other maintenance services for commercial buildings, hospitals and airports had lost 4.57% over the past month. This has was narrower than the Business Services sector's loss of 10.69% and the S&P 500's loss of 7.87% in that time.
ABM Industries will be looking to display strength as it nears its next earnings release. On that day, ABM Industries is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 2.44%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.92 billion, up 27.98% from the year-ago period.
ABM's full-year Zacks Consensus Estimates are calling for earnings of $3.60 per share and revenue of $7.84 billion. These results would represent year-over-year changes of +0.56% and +25.86%, respectively.
Any recent changes to analyst estimates for ABM Industries should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ABM Industries is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, ABM Industries currently has a Forward P/E ratio of 12.85. This represents a no noticeable deviation compared to its industry's average Forward P/E of 12.85.
The Building Products - Maintenance Service industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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. | On that day, ABM Industries is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 2.44%. ABM Industries (ABM) closed at $45.58 in the latest trading session, marking a -1.32% move from the prior day. ABM Industries will be looking to display strength as it nears its next earnings release. | On that day, ABM Industries is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 2.44%. ABM Industries (ABM) closed at $45.58 in the latest trading session, marking a -1.32% move from the prior day. ABM Industries will be looking to display strength as it nears its next earnings release. | On that day, ABM Industries is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 2.44%. ABM Industries (ABM) closed at $45.58 in the latest trading session, marking a -1.32% move from the prior day. ABM Industries will be looking to display strength as it nears its next earnings release. | On that day, ABM Industries is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 2.44%. ABM Industries is holding a Zacks Rank of #2 (Buy) right now. ABM Industries Incorporated (ABM): Free Stock Analysis Report |
29252.0 | 2022-05-06 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 5/6/2022 | ABM | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-5-6-2022 | nan | nan | The following are today's upgrades for 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.
WESCO INTERNATIONAL, INC. (WCC) is a mid-cap value stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% 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: WESCO International, Inc. is a provider of business-to-business distribution, logistics services and supply chain solutions. The Company conducts its businesses through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). The EES segment supplies a range of products and solutions primarily to the construction, industrial and original equipment manufacturer (OEM) markets. Its EES segment supplies various products, including electrical equipment and supplies, automation and connected devices (the Internet of things), security, lighting, wire and cable, safety, and maintenance, repair and operating (MRO) products. Its CSS segment operates in the network infrastructure and security markets. The UBS segment provides products and services to investor-owned utilities, public power companies, including municipalities, as well as global service providers, wireless providers and broadband operators.
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of WESCO INTERNATIONAL, INC.
Full Guru Analysis for WCC
Full Factor Report for WCC
TELEFLEX INCORPORATED (TFX) is a large-cap growth stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch changed from 87% to 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: Teleflex Incorporated is a provider of medical technology products. The Company primarily designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through four segments: Americas, Europe, the Middle East and Africa (EMEA), Asia Pacific (Asia) and Original Equipment Manufacturer and Development Services (OEM). OEM segment designs, manufactures and supplies devices and instruments for other medical device manufacturers. It includes the TFX Medical OEM, TFX OEM, Deknatel and HPC Medical brands, provides custom extrusions, micro-diameter film-cast tubing, diagnostic and interventional catheters, balloons and balloon catheters, film-insulated fine wire, coated mandrel wire, conductors, sheath/dilator introducers, specialized sutures and performance fibers, bioabsorbable sutures, yarns and resins.
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 TELEFLEX INCORPORATED
Full Guru Analysis for TFX
Full Factor Report for TFX
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 changed from 87% to 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 facility services. It operates under five segments: 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, traditional hospitals, and non-acute healthcare facilities. M&D segment provides integrated facility services, engineering, janitorial, and other specialized services in manufacturing, distribution, and data center facilities. Education segment delivers janitorial, 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.
Full Guru Analysis for ABM
Full Factor Report for ABM
HAIN CELESTIAL GROUP INC (HAIN) is a mid-cap growth stock in the Food Processing industry. The rating according to our strategy based on Peter Lynch changed from 87% to 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: The Hain Celestial Group, Inc. is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names, which are sold as better-for-you products. The Company's segments include North America and International. Its International segment includes United Kingdom and Europe. The Company's product categories include tea, snacks, personal care and grocery. The Company's brand names include Celestial Seasonings, Clarks, Cully & Sully, Farmhouse Fare, Frank Cooper's, GG UniqueFiber, Gale's, Garden of Eatin, Hain Pure Foods, Hartley's, Health Valley, Imagine, Joya, Lima, Robertson's, Sensible Portions, MaraNatha, Natumi, Spectrum, Sun-Pat, Sunripe, Terra, The Greek Gods, William's, Yorkshire Provender and Yves Veggie Cuisine. Its personal care products are marketed under the Alba Botanica, Avalon Organics, Earth's Best, JASON, Live Clean, One Step and Queen Helene brands.
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 HAIN CELESTIAL GROUP INC
Full Guru Analysis for HAIN
Full Factor Report for HAIN
BANCO BILBAO VIZCAYA ARGENTARIA SA (ADR) (BBVA) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 6% to 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: Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a Spain - based bank. It is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments are: Spain, the United States, Turkey, Mexico, South America and Rest of Eurasia. The activities in Spain are banking activity and Insurance. In the United States it offers services through, BBVA USA and the BBVA New York branch. The Turkey segment is represented by the group Garanti BBVA, an integrated financial services group, that also operate in Holland and Romania. The Mexico segment activities include banking and insurance businesses. In South America, it provides banking and insurance businesses. The Rest of Eurasia segment includes business activity in the rest of Europe and Asia
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.
SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: BONUS PASS
Detailed Analysis of BANCO BILBAO VIZCAYA ARGENTARIA SA (ADR)
Full Guru Analysis for BBVA
Full Factor Report for BBVA
FMC CORP (FMC) is a large-cap growth stock in the Chemical Manufacturing industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% 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: FMC Corporation is an agricultural sciences company, which provides solutions to growers with a product portfolio fueled by a market-driven discovery and development pipeline in crop protection, crop enhancement, and professional pest and turf management. The Company's crop protection solutions, including biologicals, crop nutrition, digital, and precision agriculture. Its portfolio is comprised of three pesticide categories, including insecticides, herbicides, and fungicides. Its insecticides are used to control a pest, while its herbicide portfolio is used to control weeds. Its herbicides are used in the protection of crops including soybeans, corn, fruits and vegetables, cotton, sugarcane, rice, and cereals. It also provides Plant Health program, which includes biological crop protection products, seed treatments, and micro-nutrients. Its product portfolio includes insect control products based on Rynaxypyr (Chlorantraniliprole) and Cyazypyr (Cyantraniliprole) active ingredients.
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of FMC CORP
Full Guru Analysis for FMC
Full Factor Report for FMC
ONTO INNOVATION INC (ONTO) is a mid-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch changed from 87% to 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: Onto Innovation Inc. is engaged in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software, which are used by bare silicon wafer manufacturers, semiconductor wafer fabricators, and advanced packaging manufacturers. Its products include automated metrology systems, integrated metrology systems, silicon wafer all-surface inspection/characterization, macro defect inspection, automated defect classification and pattern analysis, yield analysis, opaque film metrology, probe card test and analysis, advanced packaging lithography, process control software and yield management software. Its products are also used for process control in several other technology markets, including manufacturing of light emitting diodes, vertical-cavity surface-emitting lasers, micro-electromechanical systems, data storage, and industrial and scientific applications.
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: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ONTO INNOVATION INC
Full Guru Analysis for ONTO
Full Factor Report for ONTO
SPIRIT REALTY CAPITAL INC (SRC) is a mid-cap growth stock in the Real Estate Operations industry. The rating according to our strategy based on Peter Lynch changed from 87% to 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: Spirit Realty Capital, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company's in-house capabilities, including acquisition, credit research, asset management, portfolio management, real estate research, legal, finance and accounting functions. The Company primarily invests in single-tenant, operationally essential real estate assets throughout the United States, which are leased on a long-term, triple-net basis to tenants with operations in retail, industrial, office and certain other industries. The Company operates through Spirit Realty, L.P. (the Operating Partnership) and its subsidiaries. The Company real estate portfolio consists of approximately 2003 properties, which were leased to approximately 321 tenants, located in approximately 49 states, and operated in approximately 35 industries.
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
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SPIRIT REALTY CAPITAL INC
Full Guru Analysis for SRC
Full Factor Report for SRC
TECNOGLASS INC (TGLS) is a small-cap value stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch changed from 56% to 74% 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: Tecnoglass Inc. (Tecnoglass) is a holding company. The Company is a manufacturer of architectural glass and windows for the western hemisphere residential and commercial construction industries. It manufactures a range of glass products installed primarily in commercial and residential buildings, including tempered safety, double thermo-acoustic and laminated glass. Its products are installed in hotels, residential buildings, commercial and corporate centers, universities, airports and hospitals in a range of applications, such as floating facades, windows, doors, handrails, interior and bathroom spatial dividers. Tecnoglass also produces aluminum products, such as profiles, rods, bars, plates and other hardware used in the manufacture of windows. It designs, manufactures, markets and installs architectural systems for high, medium and low rise construction, glass and aluminum windows and doors, office dividers and interiors, floating facades and commercial display windows.
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: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of TECNOGLASS INC
Full Guru Analysis for TGLS
Full Factor Report for TGLS
TEXAS PACIFIC LAND CORP (TPL) is a large-cap growth stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 87% to 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: Texas Pacific Land Corporation is a landowner in the state of Texas with approximately 880,000 acres of land in West Texas, with most of its ownership concentrated in the Permian Basin. The Company's segments include Land and Resource Management and Water Services and Operations. The Land and Resource Management segment encompasses the business of managing approximately, surface acres of land and its oil and gas royalty interests in West Texas. The revenue streams of this segment consist primarily of oil and gas royalties, revenues from easements and commercial leases, and land and material sales. The Water Services and Operations segment encompasses the business of providing full-service water offerings to operators in the Permian Basin through Texas Pacific Water Resources LLC (TPWR). These full-service water offerings include, water sourcing, produced water gathering/treatment, infrastructure development, disposal solutions, water tracking, analytics and well testing 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: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of TEXAS PACIFIC LAND CORP
Full Guru Analysis for TPL
Full Factor Report for TPL
More details on Validea's Peter Lynch strategy
Peter Lynch Stock Ideas
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 TELEFLEX INCORPORATED Full Guru Analysis for TFX Full Factor Report for TFX ABM INDUSTRIES, INC. (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of facility services. Detailed Analysis of ABM INDUSTRIES, INC. Full Guru Analysis for ABM Full Factor Report for ABM HAIN CELESTIAL GROUP INC (HAIN) is a mid-cap growth stock in the Food Processing industry. | Detailed Analysis of TELEFLEX INCORPORATED Full Guru Analysis for TFX Full Factor Report for TFX ABM INDUSTRIES, INC. (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of facility services. Detailed Analysis of ABM INDUSTRIES, INC. Full Guru Analysis for ABM Full Factor Report for ABM HAIN CELESTIAL GROUP INC (HAIN) is a mid-cap growth stock in the Food Processing industry. | Detailed Analysis of TELEFLEX INCORPORATED Full Guru Analysis for TFX Full Factor Report for TFX ABM INDUSTRIES, INC. (ABM) is a mid-cap growth stock in the Business Services industry. Detailed Analysis of ABM INDUSTRIES, INC. Full Guru Analysis for ABM Full Factor Report for ABM HAIN CELESTIAL GROUP INC (HAIN) is a mid-cap growth stock in the Food Processing industry. Company Description: ABM Industries Incorporated is a provider of facility services. | Detailed Analysis of TELEFLEX INCORPORATED Full Guru Analysis for TFX Full Factor Report for TFX ABM INDUSTRIES, INC. (ABM) is a mid-cap growth stock in the Business Services industry. Company Description: ABM Industries Incorporated is a provider of facility services. Detailed Analysis of ABM INDUSTRIES, INC. Full Guru Analysis for ABM Full Factor Report for ABM HAIN CELESTIAL GROUP INC (HAIN) is a mid-cap growth stock in the Food Processing industry. |
29253.0 | 2022-05-05 00:00:00 UTC | Are Investors Undervaluing ABM Industries (ABM) Right Now? | ABM | https://www.nasdaq.com/articles/are-investors-undervaluing-abm-industries-abm-right-now | nan | nan | The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 12.59. This compares to its industry's average Forward P/E of 28.73. Over the past 52 weeks, ABM's Forward P/E has been as high as 61.52 and as low as 11.14, with a median of 13.48.
Finally, our model also underscores that ABM has a P/CF ratio of 14.91. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 33.92. Over the past 52 weeks, ABM's P/CF has been as high as 16.87 and as low as 6.15, with a median of 12.68.
These figures are just a handful of the metrics value investors tend to look at, but they help show that ABM Industries is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ABM feels like a great value stock at the moment.
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
To read this article on Zacks.com 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. | One company to watch right now is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Over the past 52 weeks, ABM's Forward P/E has been as high as 61.52 and as low as 11.14, with a median of 13.48. | ABM Industries Incorporated (ABM): Free Stock Analysis Report One company to watch right now is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. | ABM Industries Incorporated (ABM): Free Stock Analysis Report One company to watch right now is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. | One company to watch right now is ABM Industries (ABM). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. |
29254.0 | 2022-05-03 00:00:00 UTC | ABM Industries (ABM) Stock Sinks As Market Gains: What You Should Know | ABM | https://www.nasdaq.com/articles/abm-industries-abm-stock-sinks-as-market-gains%3A-what-you-should-know-0 | nan | nan | ABM Industries (ABM) closed at $47.31 in the latest trading session, marking a -1.38% move from the prior day. This change lagged the S&P 500's daily gain of 0.48%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.43%.
Heading into today, shares of the provider of cleaning and other maintenance services for commercial buildings, hospitals and airports had gained 4.06% over the past month, outpacing the Business Services sector's loss of 8.81% and the S&P 500's loss of 8.48% in that time.
Investors will be hoping for strength from ABM Industries as it approaches its next earnings release. On that day, ABM Industries is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 2.44%. Our most recent consensus estimate is calling for quarterly revenue of $1.92 billion, up 27.98% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.60 per share and revenue of $7.84 billion, which would represent changes of +0.56% and +25.86%, respectively, from the prior year.
Any recent changes to analyst estimates for ABM Industries should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ABM Industries is currently a Zacks Rank #2 (Buy).
In terms of valuation, ABM Industries is currently trading at a Forward P/E ratio of 13.34. This represents a no noticeable deviation compared to its industry's average Forward P/E of 13.34.
The Building Products - Maintenance Service industry is part of the Business Services sector. This group has a Zacks Industry Rank of 43, putting it in the top 17% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABM in the coming trading sessions, be sure to utilize Zacks.com.
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
To read this article on Zacks.com 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. | On that day, ABM Industries is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 2.44%. ABM Industries (ABM) closed at $47.31 in the latest trading session, marking a -1.38% move from the prior day. Investors will be hoping for strength from ABM Industries as it approaches its next earnings release. | On that day, ABM Industries is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 2.44%. ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries (ABM) closed at $47.31 in the latest trading session, marking a -1.38% move from the prior day. | ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries (ABM) closed at $47.31 in the latest trading session, marking a -1.38% move from the prior day. Investors will be hoping for strength from ABM Industries as it approaches its next earnings release. | ABM Industries (ABM) closed at $47.31 in the latest trading session, marking a -1.38% move from the prior day. On that day, ABM Industries is projected to report earnings of $0.84 per share, which would represent year-over-year growth of 2.44%. ABM Industries is currently a Zacks Rank #2 (Buy). |
29255.0 | 2022-04-29 00:00:00 UTC | ABM Industries (ABM) Is Attractively Priced Despite Fast-paced Momentum | ABM | https://www.nasdaq.com/articles/abm-industries-abm-is-attractively-priced-despite-fast-paced-momentum | nan | nan | Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
ABM Industries (ABM) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 4.6%, the stock of this provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. ABM meets this criterion too, as the stock gained 16.6% over the past 12 weeks.
Moreover, the momentum for ABM is fast paced, as the stock currently has a beta of 1.23. This indicates that the stock moves 23% higher than the market in either direction.
Given this price performance, it is no surprise that ABM has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped ABM earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, ABM is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. ABM is currently trading at 0.48 times its sales. In other words, investors need to pay only 48 cents for each dollar of sales.
So, ABM appears to have plenty of room to run, and that too at a fast pace.
In addition to ABM, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
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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
To read this article on Zacks.com 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. | You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, ABM is trading at a reasonable valuation. ABM Industries (ABM) is one of the several great candidates that made it through the screen. ABM meets this criterion too, as the stock gained 16.6% over the past 12 weeks. | In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped ABM earn a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, ABM is trading at a reasonable valuation. ABM Industries (ABM) is one of the several great candidates that made it through the screen. | Given this price performance, it is no surprise that ABM has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. ABM Industries (ABM) is one of the several great candidates that made it through the screen. ABM meets this criterion too, as the stock gained 16.6% over the past 12 weeks. | In addition to ABM, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. ABM Industries (ABM) is one of the several great candidates that made it through the screen. ABM meets this criterion too, as the stock gained 16.6% over the past 12 weeks. |
29256.0 | 2022-04-27 00:00:00 UTC | Global Payments (GPN) to Post Q1 Earnings: Can it Beat Estimates? | ABM | https://www.nasdaq.com/articles/global-payments-gpn-to-post-q1-earnings%3A-can-it-beat-estimates | nan | nan | Global Payments Inc. GPN is set to report first-quarter 2022 results on May 2, before the opening bell.
Thanks to robust Merchant Solutions’ performance, the leading payment technology company reported fourth-quarter adjusted earnings per share of $2.13, beating the Zacks Consensus Estimate of $2.11. The ongoing economic recovery aided GPN with a higher number of transactions.
Let’s see how things have shaped up prior to the first-quarter earnings announcement.
Trend in Estimate Revision
The Zacks Consensus Estimate for first-quarter earnings per share of $2.04 suggests a 12.1% increase from the prior-year figure of $1.82. It witnessed no upward revision in the past week versus none in the opposite direction. The consensus estimate for first-quarter revenues of $2 billion indicates an 11.9% increase from the year-ago reported figure.
Global Payments beat the consensus estimate for earnings in each of the prior four quarters, with the average being 3.4%. This is depicted in the graph below:
Global Payments Inc. Price and EPS Surprise
Global Payments Inc. price-eps-surprise | Global Payments Inc. Quote
Factors to Note
In the first quarter, profits from Global Payments’ Merchant Solutions — its biggest operating segment — are likely to have increased from higher spending. Economic recovery due to factors like the relaxation of COVID-related restrictions and others is likely to have bumped up card and payment activities among thousands of the company's small merchant clients.
The Zacks Consensus Estimate for operating income from Merchant Solutions is pegged at $618 million, indicating a rise from $532 million in the year-ago period, positioning GPN for year-over-year growth. Also, the consensus mark for Issuer Solutions operating income is pegged at $201 million, signaling an increase from $190 million in first-quarter 2021.
Nevertheless, the Zacks Consensus Estimate for operating income from the Business and Consumer Solutions segment is pegged at $57 million, indicating a decline from $81 million a year ago.
Also, profits from the business are likely to have been partially offset by weakness in the commercial card business and corporate travel. While the majority of travel bans have been lifted, corporate travel is yet to return to full strength. Further, increasing operating costs are expected to have reduced margins in the first quarter, making an earnings beat uncertain.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Global Payments this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below.
Earnings ESP: The company’s Earnings ESP is -0.08%. This is because the Most Accurate Estimate is currently pegged lower than the Zacks Consensus Estimate of $2.04 per share.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Global Payments currently carries a Zacks Rank #3.
Stocks to Consider
While an earnings beat looks uncertain for Global Payments, here are some companies from the Business Services space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:
ABM Industries Incorporated ABM has an Earnings ESP of +1.80% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
ABM Industries’ bottom line for the to-be-reported quarter is expected to rise 2.4% year over year.
WEX Inc. WEX has an Earnings ESP of +0.78% and is a Zacks #3 Ranked player.
WEX’s earnings per share for the to-be-reported quarter are expected to jump 51.4% year over year.
PagSeguro Digital Ltd. PAGS has an Earnings ESP of +0.33% and a Zacks Rank #3.
PagSeguro Digital’s bottom line for the to-be-reported quarter is expected to grow 16.7% year over year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
Global Payments Inc. (GPN): Free Stock Analysis Report
WEX Inc. (WEX): Free Stock Analysis Report
PagSeguro Digital Ltd. (PAGS): 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. | Stocks to Consider While an earnings beat looks uncertain for Global Payments, here are some companies from the Business Services space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around: ABM Industries Incorporated ABM has an Earnings ESP of +1.80% and a Zacks Rank of 1. ABM Industries’ bottom line for the to-be-reported quarter is expected to rise 2.4% year over year. ABM Industries Incorporated (ABM): Free Stock Analysis Report | ABM Industries Incorporated (ABM): Free Stock Analysis Report Stocks to Consider While an earnings beat looks uncertain for Global Payments, here are some companies from the Business Services space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around: ABM Industries Incorporated ABM has an Earnings ESP of +1.80% and a Zacks Rank of 1. ABM Industries’ bottom line for the to-be-reported quarter is expected to rise 2.4% year over year. | Stocks to Consider While an earnings beat looks uncertain for Global Payments, here are some companies from the Business Services space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around: ABM Industries Incorporated ABM has an Earnings ESP of +1.80% and a Zacks Rank of 1. ABM Industries’ bottom line for the to-be-reported quarter is expected to rise 2.4% year over year. ABM Industries Incorporated (ABM): Free Stock Analysis Report | Stocks to Consider While an earnings beat looks uncertain for Global Payments, here are some companies from the Business Services space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around: ABM Industries Incorporated ABM has an Earnings ESP of +1.80% and a Zacks Rank of 1. ABM Industries’ bottom line for the to-be-reported quarter is expected to rise 2.4% year over year. ABM Industries Incorporated (ABM): Free Stock Analysis Report |
29257.0 | 2022-04-20 00:00:00 UTC | Best Income Stocks to Buy for April 20th | ABM | https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-april-20th | nan | nan | Here are three stocks with buy rank and strong income characteristics for investors to consider today, April 20th:
Industrial Logistics Properties Trust ILPT: This company which is focused on the ownership and leasing of industrial and logistics properties primarily in the United States, has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 17.1% over the last 60 days.
Industrial Logistics Properties Trust Price and Consensus
Industrial Logistics Properties Trust price-consensus-chart | Industrial Logistics Properties Trust Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 6.36%, compared with the industry average of 3.20%.
Industrial Logistics Properties Trust Dividend Yield (TTM)
Industrial Logistics Properties Trust dividend-yield-ttm | Industrial Logistics Properties Trust Quote
Oxford Industries OXM: This apparel company which designs, sources, markets and distributes products bearing the trademarks of its owned and licensed brands, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.0% over the last 60 days.
Oxford Industries, Inc. Price and Consensus
Oxford Industries, Inc. price-consensus-chart | Oxford Industries, Inc. Quote
This Zacks Rank #1 company has a dividend yield of 2.30%, compared with the industry average of 0.00%.
Oxford Industries, Inc. Dividend Yield (TTM)
Oxford Industries, Inc. dividend-yield-ttm | Oxford Industries, Inc. Quote
ABM Industries ABM: This company which provides integrated facility solutions in the United States and worldwide, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.
ABM Industries Incorporated Price and Consensus
ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote
This Zacks Rank #1 company has a dividend yield of 1.54%, compared with the industry average of 0.57%.
ABM Industries Incorporated Dividend Yield (TTM)
ABM Industries Incorporated dividend-yield-ttm | ABM Industries Incorporated Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens
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
Oxford Industries, Inc. (OXM): Free Stock Analysis Report
Industrial Logistics Properties Trust (ILPT): 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. | Oxford Industries, Inc. Dividend Yield (TTM) Oxford Industries, Inc. dividend-yield-ttm | Oxford Industries, Inc. Quote ABM Industries ABM: This company which provides integrated facility solutions in the United States and worldwide, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote This Zacks Rank #1 company has a dividend yield of 1.54%, compared with the industry average of 0.57%. ABM Industries Incorporated Dividend Yield (TTM) ABM Industries Incorporated dividend-yield-ttm | ABM Industries Incorporated Quote See the full list of top ranked stocks here. | ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote This Zacks Rank #1 company has a dividend yield of 1.54%, compared with the industry average of 0.57%. Oxford Industries, Inc. Dividend Yield (TTM) Oxford Industries, Inc. dividend-yield-ttm | Oxford Industries, Inc. Quote ABM Industries ABM: This company which provides integrated facility solutions in the United States and worldwide, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated Dividend Yield (TTM) ABM Industries Incorporated dividend-yield-ttm | ABM Industries Incorporated Quote See the full list of top ranked stocks here. | Oxford Industries, Inc. Dividend Yield (TTM) Oxford Industries, Inc. dividend-yield-ttm | Oxford Industries, Inc. Quote ABM Industries ABM: This company which provides integrated facility solutions in the United States and worldwide, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote This Zacks Rank #1 company has a dividend yield of 1.54%, compared with the industry average of 0.57%. ABM Industries Incorporated Dividend Yield (TTM) ABM Industries Incorporated dividend-yield-ttm | ABM Industries Incorporated Quote See the full list of top ranked stocks here. | Oxford Industries, Inc. Dividend Yield (TTM) Oxford Industries, Inc. dividend-yield-ttm | Oxford Industries, Inc. Quote ABM Industries ABM: This company which provides integrated facility solutions in the United States and worldwide, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote This Zacks Rank #1 company has a dividend yield of 1.54%, compared with the industry average of 0.57%. ABM Industries Incorporated Dividend Yield (TTM) ABM Industries Incorporated dividend-yield-ttm | ABM Industries Incorporated Quote See the full list of top ranked stocks here. |
29258.0 | 2022-04-18 00:00:00 UTC | Best Income Stocks to Buy for April 18th | ABM | https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-april-18th | nan | nan | Here are three stocks with buy rank and strong income characteristics for investors to consider today, April 18th:
Cullen/Frost Bankers, Inc. CFR: This bank holding company for Frost Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11% over the last 60 days.
CullenFrost Bankers, Inc. Price and Consensus
CullenFrost Bankers, Inc. price-consensus-chart | CullenFrost Bankers, Inc. Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.2%, compared with the industry average of 1.4%.
CullenFrost Bankers, Inc. Dividend Yield (TTM)
CullenFrost Bankers, Inc. dividend-yield-ttm | CullenFrost Bankers, Inc. Quote
Target Corporation TGT: This general merchandise retailer has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.
Target Corporation Price and Consensus
Target Corporation price-consensus-chart | Target Corporation Quote
This Zacks Rank #1 company has a dividend yield of 1.5%, compared with the industry average of 0.9%.
Target Corporation Dividend Yield (TTM)
Target Corporation dividend-yield-ttm | Target Corporation Quote
ABM Industries Incorporated ABM: This integrated facility solutions company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.
ABM Industries Incorporated Price and Consensus
ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote
This Zacks Rank #1 company has a dividend yield of 1.6%, compared with the industry average of 0.6%.
ABM Industries Incorporated Dividend Yield (TTM)
ABM Industries Incorporated dividend-yield-ttm | ABM Industries Incorporated Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
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
Target Corporation (TGT): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
CullenFrost Bankers, Inc. (CFR): 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. | Target Corporation Dividend Yield (TTM) Target Corporation dividend-yield-ttm | Target Corporation Quote ABM Industries Incorporated ABM: This integrated facility solutions company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote This Zacks Rank #1 company has a dividend yield of 1.6%, compared with the industry average of 0.6%. ABM Industries Incorporated Dividend Yield (TTM) ABM Industries Incorporated dividend-yield-ttm | ABM Industries Incorporated Quote See the full list of top ranked stocks here. | Target Corporation Dividend Yield (TTM) Target Corporation dividend-yield-ttm | Target Corporation Quote ABM Industries Incorporated ABM: This integrated facility solutions company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote This Zacks Rank #1 company has a dividend yield of 1.6%, compared with the industry average of 0.6%. ABM Industries Incorporated Dividend Yield (TTM) ABM Industries Incorporated dividend-yield-ttm | ABM Industries Incorporated Quote See the full list of top ranked stocks here. | Target Corporation Dividend Yield (TTM) Target Corporation dividend-yield-ttm | Target Corporation Quote ABM Industries Incorporated ABM: This integrated facility solutions company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote This Zacks Rank #1 company has a dividend yield of 1.6%, compared with the industry average of 0.6%. ABM Industries Incorporated Dividend Yield (TTM) ABM Industries Incorporated dividend-yield-ttm | ABM Industries Incorporated Quote See the full list of top ranked stocks here. | Target Corporation Dividend Yield (TTM) Target Corporation dividend-yield-ttm | Target Corporation Quote ABM Industries Incorporated ABM: This integrated facility solutions company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote This Zacks Rank #1 company has a dividend yield of 1.6%, compared with the industry average of 0.6%. ABM Industries Incorporated Dividend Yield (TTM) ABM Industries Incorporated dividend-yield-ttm | ABM Industries Incorporated Quote See the full list of top ranked stocks here. |
29259.0 | 2022-04-18 00:00:00 UTC | New Strong Buy Stocks for April 18th | ABM | https://www.nasdaq.com/articles/new-strong-buy-stocks-for-april-18th | nan | nan | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Target Corporation TGT: This general merchandise retailer has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.
Target Corporation Price and Consensus
Target Corporation price-consensus-chart | Target Corporation Quote
ABM Industries Incorporated ABM: This integrated facility solutions company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.
ABM Industries Incorporated Price and Consensus
ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote
Continental Resources, Inc. CLR: This explorer and producer of crude oil, natural gas and related products has seen the Zacks Consensus Estimate for its current year earnings increasing 31.5% over the last 60 days.
Continental Resources, Inc. Price and Consensus
Continental Resources, Inc. price-consensus-chart | Continental Resources, Inc. Quote
Arcos Dorados Holdings Inc. ARCO: This franchisee of McDonald's restaurants has seen the Zacks Consensus Estimate for its current year earnings increasing 21.9% over the last 60 days.
Arcos Dorados Holdings Inc. Price and Consensus
Arcos Dorados Holdings Inc. price-consensus-chart | Arcos Dorados Holdings Inc. Quote
Oxford Industries, Inc. OXM: This diversified apparel company has seen the Zacks Consensus Estimate for its current year earnings increasing 13.3% over the last 60 days.
Oxford Industries, Inc. Price and Consensus
Oxford Industries, Inc. price-consensus-chart | Oxford Industries, Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
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
Target Corporation (TGT): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Continental Resources, Inc. (CLR): Free Stock Analysis Report
Oxford Industries, Inc. (OXM): Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO): 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 Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote Continental Resources, Inc. CLR: This explorer and producer of crude oil, natural gas and related products has seen the Zacks Consensus Estimate for its current year earnings increasing 31.5% over the last 60 days. Target Corporation Price and Consensus Target Corporation price-consensus-chart | Target Corporation Quote ABM Industries Incorporated ABM: This integrated facility solutions company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated (ABM): Free Stock Analysis Report | Target Corporation Price and Consensus Target Corporation price-consensus-chart | Target Corporation Quote ABM Industries Incorporated ABM: This integrated facility solutions company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote Continental Resources, Inc. CLR: This explorer and producer of crude oil, natural gas and related products has seen the Zacks Consensus Estimate for its current year earnings increasing 31.5% over the last 60 days. ABM Industries Incorporated (ABM): Free Stock Analysis Report | Target Corporation Price and Consensus Target Corporation price-consensus-chart | Target Corporation Quote ABM Industries Incorporated ABM: This integrated facility solutions company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote Continental Resources, Inc. CLR: This explorer and producer of crude oil, natural gas and related products has seen the Zacks Consensus Estimate for its current year earnings increasing 31.5% over the last 60 days. ABM Industries Incorporated (ABM): Free Stock Analysis Report | Target Corporation Price and Consensus Target Corporation price-consensus-chart | Target Corporation Quote ABM Industries Incorporated ABM: This integrated facility solutions company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote Continental Resources, Inc. CLR: This explorer and producer of crude oil, natural gas and related products has seen the Zacks Consensus Estimate for its current year earnings increasing 31.5% over the last 60 days. ABM Industries Incorporated (ABM): Free Stock Analysis Report |
29260.0 | 2022-04-15 00:00:00 UTC | ABM Industries (ABM) Upgraded to Strong Buy: Here's What You Should Know | ABM | https://www.nasdaq.com/articles/abm-industries-abm-upgraded-to-strong-buy%3A-heres-what-you-should-know | nan | nan | Investors might want to bet on ABM Industries (ABM), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for ABM Industries is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for ABM Industries imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for ABM Industries
This provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is expected to earn $3.60 per share for the fiscal year ending October 2022, which represents a year-over-year change of 0.6%.
Analysts have been steadily raising their estimates for ABM Industries. Over the past three months, the Zacks Consensus Estimate for the company has increased 5.4%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of ABM Industries to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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ABM Industries Incorporated (ABM): Free Stock Analysis Report
To read this article on Zacks.com 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. | As such, the Zacks rating upgrade for ABM Industries is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for ABM Industries imply an improvement in the company's underlying business. Investors might want to bet on ABM Industries (ABM), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). | Investors might want to bet on ABM Industries (ABM), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). As such, the Zacks rating upgrade for ABM Industries is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for ABM Industries imply an improvement in the company's underlying business. | You can learn more about the Zacks Rank here >>> The upgrade of ABM Industries to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Investors might want to bet on ABM Industries (ABM), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). As such, the Zacks rating upgrade for ABM Industries is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. | As such, the Zacks rating upgrade for ABM Industries is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. You can learn more about the Zacks Rank here >>> The upgrade of ABM Industries to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Investors might want to bet on ABM Industries (ABM), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). |
29261.0 | 2022-04-14 00:00:00 UTC | Is ABM Industries (ABM) Stock Outpacing Its Business Services Peers This Year? | ABM | https://www.nasdaq.com/articles/is-abm-industries-abm-stock-outpacing-its-business-services-peers-this-year-0 | nan | nan | For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Is ABM Industries (ABM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.
ABM Industries is a member of the Business Services sector. This group includes 320 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ABM Industries is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ABM's full-year earnings has moved 5.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ABM has moved about 18.9% on a year-to-date basis. At the same time, Business Services stocks have lost an average of 14.9%. This shows that ABM Industries is outperforming its peers so far this year.
Another Business Services stock, which has outperformed the sector so far this year, is Aterian (ATER). The stock has returned 37.5% year-to-date.
Over the past three months, Aterian's consensus EPS estimate for the current year has increased 26%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 3 individual companies and currently sits at #104 in the Zacks Industry Rank. Stocks in this group have gained about 4.2% so far this year, so ABM is performing better this group in terms of year-to-date returns.
Aterian, however, belongs to the Technology Services industry. Currently, this 169-stock industry is ranked #164. The industry has moved -27.2% so far this year.
Investors interested in the Business Services sector may want to keep a close eye on ABM Industries and Aterian as they attempt to continue their solid performance.
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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 interested in the Business Services sector may want to keep a close eye on ABM Industries and Aterian as they attempt to continue their solid performance. Is ABM Industries (ABM) one of those stocks right now? ABM Industries is a member of the Business Services sector. | ABM Industries Incorporated (ABM): Free Stock Analysis Report Is ABM Industries (ABM) one of those stocks right now? ABM Industries is a member of the Business Services sector. | Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 3 individual companies and currently sits at #104 in the Zacks Industry Rank. ABM Industries Incorporated (ABM): Free Stock Analysis Report Is ABM Industries (ABM) one of those stocks right now? | ABM Industries is a member of the Business Services sector. Is ABM Industries (ABM) one of those stocks right now? ABM Industries is currently sporting a Zacks Rank of #2 (Buy). |
29262.0 | 2022-04-14 00:00:00 UTC | Analysts Expect 11% Gains Ahead For The Holdings of TMDV | ABM | https://www.nasdaq.com/articles/analysts-expect-11-gains-ahead-for-the-holdings-of-tmdv | 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 ProShares Russell U.S. Dividend Growers ETF (Symbol: TMDV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $53.68 per unit.
With TMDV trading at a recent price near $48.56 per unit, that means that analysts see 10.54% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of TMDV's underlying holdings with notable upside to their analyst target prices are Brady Corp (Symbol: BRC), ABM Industries, Inc. (Symbol: ABM), and Carlisle Companies Inc. (Symbol: CSL). Although BRC has traded at a recent price of $45.55/share, the average analyst target is 32.45% higher at $60.33/share. Similarly, ABM has 18.04% upside from the recent share price of $48.57 if the average analyst target price of $57.33/share is reached, and analysts on average are expecting CSL to reach a target price of $277.50/share, which is 12.91% above the recent price of $245.78. Below is a twelve month price history chart comparing the stock performance of BRC, ABM, and CSL:
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
ProShares Russell U.S. Dividend Growers ETF TMDV $48.56 $53.68 10.54%
Brady Corp BRC $45.55 $60.33 32.45%
ABM Industries, Inc. ABM $48.57 $57.33 18.04%
Carlisle Companies Inc. CSL $245.78 $277.50 12.91%
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.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ProShares Russell U.S. Dividend Growers ETF TMDV $48.56 $53.68 10.54% Brady Corp BRC $45.55 $60.33 32.45% ABM Industries, Inc. ABM $48.57 $57.33 18.04% Carlisle Companies Inc. CSL $245.78 $277.50 12.91% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of TMDV's underlying holdings with notable upside to their analyst target prices are Brady Corp (Symbol: BRC), ABM Industries, Inc. (Symbol: ABM), and Carlisle Companies Inc. (Symbol: CSL). Similarly, ABM has 18.04% upside from the recent share price of $48.57 if the average analyst target price of $57.33/share is reached, and analysts on average are expecting CSL to reach a target price of $277.50/share, which is 12.91% above the recent price of $245.78. | Three of TMDV's underlying holdings with notable upside to their analyst target prices are Brady Corp (Symbol: BRC), ABM Industries, Inc. (Symbol: ABM), and Carlisle Companies Inc. (Symbol: CSL). Similarly, ABM has 18.04% upside from the recent share price of $48.57 if the average analyst target price of $57.33/share is reached, and analysts on average are expecting CSL to reach a target price of $277.50/share, which is 12.91% above the recent price of $245.78. ProShares Russell U.S. Dividend Growers ETF TMDV $48.56 $53.68 10.54% Brady Corp BRC $45.55 $60.33 32.45% ABM Industries, Inc. ABM $48.57 $57.33 18.04% Carlisle Companies Inc. CSL $245.78 $277.50 12.91% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, ABM has 18.04% upside from the recent share price of $48.57 if the average analyst target price of $57.33/share is reached, and analysts on average are expecting CSL to reach a target price of $277.50/share, which is 12.91% above the recent price of $245.78. Three of TMDV's underlying holdings with notable upside to their analyst target prices are Brady Corp (Symbol: BRC), ABM Industries, Inc. (Symbol: ABM), and Carlisle Companies Inc. (Symbol: CSL). Below is a twelve month price history chart comparing the stock performance of BRC, ABM, and CSL: Below is a summary table of the current analyst target prices discussed above: | Three of TMDV's underlying holdings with notable upside to their analyst target prices are Brady Corp (Symbol: BRC), ABM Industries, Inc. (Symbol: ABM), and Carlisle Companies Inc. (Symbol: CSL). ProShares Russell U.S. Dividend Growers ETF TMDV $48.56 $53.68 10.54% Brady Corp BRC $45.55 $60.33 32.45% ABM Industries, Inc. ABM $48.57 $57.33 18.04% Carlisle Companies Inc. CSL $245.78 $277.50 12.91% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Similarly, ABM has 18.04% upside from the recent share price of $48.57 if the average analyst target price of $57.33/share is reached, and analysts on average are expecting CSL to reach a target price of $277.50/share, which is 12.91% above the recent price of $245.78. |
29263.0 | 2022-04-12 00:00:00 UTC | 3 Dividend Stocks You Can Safely Hold for Decades | ABM | https://www.nasdaq.com/articles/3-dividend-stocks-you-can-safely-hold-for-decades-1 | nan | nan | Although it's an "all-weather" strategy, particularly during periods of rising inflation and slowing economic growth, many investors find dividend stocks provide the certainty and stability they're seeking for their portfolios -- and with good reason.
The asset managers at Hartford Funds found that the performance of the dividend-paying stocks in the benchmark S&P 500 going all the way back to 1930 contributed 41% to the total return of the index.
Image source: Getty Images.
Only dividend stocks generated positive returns in all decades studied, including the so-called "lost decade" of the 2000s when the bursting of the tech stock bubble, 9/11, and the housing market crash resulted in the S&P 500 producing negative returns. Dividend stocks, however, returned a positive 1.8% during that time.
The study also found that from 1970 on, dividends represented an astounding 84% of the index's total return.
Yet which dividend stocks to buy? You can't simply chase yield since a higher yield often implies higher risk. You still need to look at the business. The following three dividend stocks, however, happen to not only be solid income stocks, but also ones you will want to own for decades.
Image source: Getty Images.
ABM Industries
Boring is good, they say, so ABM Industries (NYSE: ABM) ought to be one of those at the top of every list. Most investors might not even be aware the company exists, even though it's been in business for over a century. But the janitorial services and facilities management company has a solidly growing business that is likely to be around for another 100 years or so.
Barring the government forcing businesses and offices to close again, ABM's growth seems assured. Revenue in 2021 rose 4% to $6.2 billion. While that was still 4% below 2019's level, it reported last month that fiscal first-quarter revenue was up 30% to $1.9 billion, suggesting that business is flooding back when virtually all restrictions have now been lifted in the U.S. That led ABM to raise its full-year earnings guidance as office occupancy rates continue to grow.
Equally important has been ABM's willingness to reward its shareholders by having them share in its long record of success. It recently declared its 224th consecutive quarterly dividend, which amounts to a payout record of 56 years. At the same time, it has raised the payout for 50 consecutive years, making it a Dividend King.
Image source: Getty Images.
AT&T
AT&T (NYSE: T) just completed the spinoff of its entertainment division. Warner Bros Discovery (NASDAQ: WBD) is now trading on the Nasdaq exchange as an independent company, and the telecom giant can once again focus its attention on its communications operations at a time when the adoption of 5G is set to expand greatly.
Shares of both stocks were rising sharply on their first day of trading, indicating the market believes both will be better off as narrowly targeted businesses. But ever since the proposal was first announced, AT&T shares have drifted lower. They are down about 25% from their 52-week high as many investors bemoaned what would be about a 50% haircut in the dividend the telecom paid.
AT&T has been a solid dividend stock, one of the original "widows and orphans" holdings many bought for the surety of its payout. Yet it was also clear AT&T couldn't go on as it had, diversifying itself in an attempt to parlay its telecom prowess with a growing media presence. In the process, though, it accumulated significant debt that was holding it back. But now that it has received $43 billion from the spinoff, it can pay down the debtload and finance its future growth.
Swedish telecom Ericsson estimates much of AT&T's growth will come from consumers spending more on enhanced video, augmented reality and virtual reality, and digital gaming over 5G networks -- for which it will receive an estimated $3.7 trillion of the $31 trillion the entire consumer 5G network market could be worth by 2030.
With a dividend yield still around 5% annually, it will still be one of the top dividend yields among Fortune 500 companies, but with a more financially stable future.
Image source: Lowe's.
Lowe's
Another strong, stable dividend payer is home improvement giant Lowe's (NYSE: LOW). It has benefited from the housing boom, but can expand just as well if the market crashes again as people commit to fixing and sprucing up their homes.
Compared to archrival Home Depot (NYSE: HD), which counts on professional contractors for 45% of its total sales and so would be much more affected by a downturn, Lowe's tends to cater more to homeowners, with pros representing just 20% to 25% of its revenue. Not that Lowe's hasn't been bolstering that segment of its operations, but it is able to better weather the storms because of its tilt toward homeowners.
That's what's also made Lowe's successful for so long, paying a dividend to shareholders every quarter since going public in 1961. And since it has raised the payout for 56 straight years, the retail stock is also a Dividend King.
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Rich Duprey owns ABM Industries, AT&T, Warner Bros Discovery, and Lowe's. The Motley Fool owns and recommends Home Depot. The Motley Fool recommends Discovery (C shares) and Lowe's. 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. | While that was still 4% below 2019's level, it reported last month that fiscal first-quarter revenue was up 30% to $1.9 billion, suggesting that business is flooding back when virtually all restrictions have now been lifted in the U.S. That led ABM to raise its full-year earnings guidance as office occupancy rates continue to grow. ABM Industries Boring is good, they say, so ABM Industries (NYSE: ABM) ought to be one of those at the top of every list. Barring the government forcing businesses and offices to close again, ABM's growth seems assured. | Rich Duprey owns ABM Industries, AT&T, Warner Bros Discovery, and Lowe's. ABM Industries Boring is good, they say, so ABM Industries (NYSE: ABM) ought to be one of those at the top of every list. Barring the government forcing businesses and offices to close again, ABM's growth seems assured. | ABM Industries Boring is good, they say, so ABM Industries (NYSE: ABM) ought to be one of those at the top of every list. Barring the government forcing businesses and offices to close again, ABM's growth seems assured. While that was still 4% below 2019's level, it reported last month that fiscal first-quarter revenue was up 30% to $1.9 billion, suggesting that business is flooding back when virtually all restrictions have now been lifted in the U.S. That led ABM to raise its full-year earnings guidance as office occupancy rates continue to grow. | ABM Industries Boring is good, they say, so ABM Industries (NYSE: ABM) ought to be one of those at the top of every list. Barring the government forcing businesses and offices to close again, ABM's growth seems assured. While that was still 4% below 2019's level, it reported last month that fiscal first-quarter revenue was up 30% to $1.9 billion, suggesting that business is flooding back when virtually all restrictions have now been lifted in the U.S. That led ABM to raise its full-year earnings guidance as office occupancy rates continue to grow. |
29264.0 | 2022-04-08 00:00:00 UTC | ABM Industries (ABM) Announces Acquisition of Momentum Support | ABM | https://www.nasdaq.com/articles/abm-industries-abm-announces-acquisition-of-momentum-support | nan | nan | ABM Industries Incorporated ABM announced yesterday that it has acquired independent facility services provider, Momentum Support. Terms of the all-cash transaction were kept under wraps.
Acquisition of the Dublin-based janitorial services company 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 presence in the Republic of Ireland and Northern Ireland. Further, the buyout will strengthen ABM’s foothold in fast-growing markets in Ireland like technology and life sciences.
The acquisition is a part of ABM’s ELEVATE strategy that focuses on expanding the company’s footprint in potential geographies and end-markets through strategic acquisitions. Momentum Support will be a part of ABM’s Business & Industry segment.
“Many of our clients have substantial operations in the Republic of Ireland and Northern Ireland, making this transaction a great example of our ability and desire to grow with our core customers in attractive markets”, said Scott Salmirs, ABM’s president & CEO.
ABM’s shares have had an impressive run on the bourse year to date. The stock appreciated 16.7% compared with the industry’s growth of 3.9%. The the Zacks S&P 500 composite’s declined 5.2% in the same time frame.
ABM Industries Incorporated Price
ABM Industries Incorporated price | ABM Industries Incorporated Quote
Zacks Rank and Other Stocks to Consider
ABM currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Some other stocks in the broader Zacks Business Services sector that investors can consider are are FactSet Research Systems Inc. FDS and Cross Country Healthcare, Inc. CCRN.
Cross Country Healthcare has an expected long-term earnings per share (three to five years) growth rate of 6.6%. CCRN has a trailing four-quarter earnings surprise of 41.5%, on average.
Cross Country Healthcare’s shares have surged 56% in the past year. CCRN sport a Zacks Rank #1 (Strong Buy).
FactSet has an expected earnings growth rate of around 15.1% for the current year. FDS has a trailing four-quarter earnings surprise of 6.1%, on average.
FactSet shares have surged 42.7% in the past year. FDS has a long-term earnings growth of 10%. FDS carries a Zacks Rank #2.
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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 Incorporated ABM announced yesterday that it has acquired independent facility services provider, Momentum Support. Acquisition of the Dublin-based janitorial services company 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 presence in the Republic of Ireland and Northern Ireland. Further, the buyout will strengthen ABM’s foothold in fast-growing markets in Ireland like technology and life sciences. | ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Zacks Rank and Other Stocks to Consider ABM currently carries a Zacks Rank #2 (Buy). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Incorporated ABM announced yesterday that it has acquired independent facility services provider, Momentum Support. | Acquisition of the Dublin-based janitorial services company 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 presence in the Republic of Ireland and Northern Ireland. ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Zacks Rank and Other Stocks to Consider ABM currently carries a Zacks Rank #2 (Buy). ABM Industries Incorporated (ABM): Free Stock Analysis Report | Acquisition of the Dublin-based janitorial services company 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 presence in the Republic of Ireland and Northern Ireland. ABM Industries Incorporated ABM announced yesterday that it has acquired independent facility services provider, Momentum Support. Further, the buyout will strengthen ABM’s foothold in fast-growing markets in Ireland like technology and life sciences. |
29265.0 | 2022-04-08 00:00:00 UTC | 5 Stocks to Watch for Following Recent Broker Upgrade | ABM | https://www.nasdaq.com/articles/5-stocks-to-watch-for-following-recent-broker-upgrade | nan | nan | The U.S. market continues to be plagued by a high degree of unpredictability and market volatility. Uncertainty fueled by the ongoing Russia-Ukraine crisis and the 40-year high inflation are keeping investors on tenterhooks.
However, the ongoing turbulence can no way dissuade investors from adding a winning basket of stocks to their respective portfolios for attractive returns. While it is impossible to be absolutely sure of a lucrative stock, guidance by the experts in this unstable world of investing seems a wise approach.
The specialists in the investing world are brokers. Generally, three types of brokers (sell-side, buy-side and independent) are present in the investment world, with sell-side analysts being the most common. They are employed by various brokerage firms to provide an unbiased opinion to investors on the stocks under their coverage after a thorough research. Buy-side analysts are employed by hedge funds, mutual funds etc. while the independent ones simply sell their reports to investors.
All types of brokers indulge in an extensive research of the stocks under their coverage. They have access to much detailed information on a company. To this end, they attend company conference calls/presentations and scrutinize every detail available publicly before advising investors. Naturally, broker advice acts as an invaluable guide for investors in their bid to garner the maximum from their portfolios.
Direction of Earnings Estimates: A Good Pointer
Since brokers follow the stocks in their coverage with great detail, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. The estimate revisions serve as an important pointer regarding the price of a stock.
For example, an earnings outperformance by a company generally leads to upward estimate revisions with prices moving north. Similarly, lackluster earnings often lead to stock price depreciation. Investors tend to be guided by the direction of estimate revisions and the stock price while formulating their investment strategy.
Making the Most of Broker Aid
The above write-up clearly suggests that by following broker actions, one can arrive at a promising portfolio of stocks. Keeping this in mind, we designed a screen to shortlist stocks based on improving analyst recommendations and upward revisions in 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 counted. The price/sales ratio takes care of the company’s top line, making the strategy effective.
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.
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.
Price greater than 5:A stock trading below $5 will not likely be of significant interest to most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days:Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000:This gives us stocks that are the top 3000 in terms of market capitalization.
Com/ADR/Canadian= Com: This takes out the ADR and Canadian stocks.
Here are five of the 10 stocks that passed the screen:
ArcBest Corporation ARCB currently carries a Zacks Rank #3 (Hold). ARCB’s earnings trumped the Zacks Consensus Estimate in each of the trailing four quarters, the average being 31.4%. The Zacks Consensus Estimate for ARCB’s 2022 earnings has been revised 5.2% upward in the past 60 days.
Improving freight conditions in the United States bode well for ArcBest. Solid customer demand and higher market rates are supporting ARCB.
Archer Daniels ADM: This Chicago, IL-based agricultural products company’s leadership in key global trends like flexitarian diets, nutrition and sustainable materials has been keeping its momentum alive. ADM’s focus on making investments in assets and technological capabilities to serve customers efficiently is likely to be a key driver.
Archer Daniels’ Readiness program, positive cash flow and a solid performance at the Nutrition unit have been aiding results. ADM, currently carrying a Zacks Rank of 3, has been progressing well on its three strategic pillars, which are to optimize, drive and growth. The Zacks Consensus Estimate for its 2022 earnings has been revised 0.8% upward over the past 60 days. Shares of ADM have soared 60.5% over the past year.
ABM Industries’ABM comprehensive transformational initiative called 2020 Vision should help it attain long-term profitable growth through an industry-based go-to-market approach. We are also impressed with ABM’s endeavors to reward its shareholders through dividend payments and share repurchases.
The Zacks Consensus Estimate for ABM Industries’ 2022 earnings has been revised 5.7% upward in the past 60 days. Shares of ABM have increased more than 6% in the past six months. ABM currently sports a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Caleres CAL: Caleres, currently carrying a Zacks Rank #3,is a leading footwear retailer and wholesaler in the United States, China, Canada, China and Guam. CAL operates through Famous Footwear and Brand Portfolio segments. This Saint Louis, MO-based player steadily benefits from positive consumer demand trends and an accelerated recovery in the footwear marketplace, which continue to aid its sales. The momentum in the Famous Footwear brand is expected to contribute meaningfully to sales growth.
Caleres has an excellent surprise history with its earnings having surpassed the Zacks Consensus Estimate in each of the last four quarters, the average being 772.6%.
Cigna Corporation CI: Cigna’s revenues have been increasing for the past several years, driven by acquisitions, superior operating performance, and high-quality products and services portfolio. Strong revenues, acquisition of Express Scripts, business streamlining, growing medical membership are the main drivers at CI.
The Zacks Consensus Estimate for Cigna’s 2022 earnings has been revised 0.13% upward in the past 60 days. Shares of CI have increased more than 11% on a year-to-date basis. CI 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 test 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.
isclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
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. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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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
Archer Daniels Midland Company (ADM): Free Stock Analysis Report
Cigna Corporation (CI): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
ArcBest Corporation (ARCB): Free Stock Analysis Report
Caleres, Inc. (CAL): 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 comprehensive transformational initiative called 2020 Vision should help it attain long-term profitable growth through an industry-based go-to-market approach. We are also impressed with ABM’s endeavors to reward its shareholders through dividend payments and share repurchases. The Zacks Consensus Estimate for ABM Industries’ 2022 earnings has been revised 5.7% upward in the past 60 days. | ABM Industries’ABM comprehensive transformational initiative called 2020 Vision should help it attain long-term profitable growth through an industry-based go-to-market approach. We are also impressed with ABM’s endeavors to reward its shareholders through dividend payments and share repurchases. The Zacks Consensus Estimate for ABM Industries’ 2022 earnings has been revised 5.7% upward in the past 60 days. | ABM 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 comprehensive transformational initiative called 2020 Vision should help it attain long-term profitable growth through an industry-based go-to-market approach. We are also impressed with ABM’s endeavors to reward its shareholders through dividend payments and share repurchases. | The Zacks Consensus Estimate for ABM Industries’ 2022 earnings has been revised 5.7% upward in the past 60 days. ABM Industries’ABM comprehensive transformational initiative called 2020 Vision should help it attain long-term profitable growth through an industry-based go-to-market approach. We are also impressed with ABM’s endeavors to reward its shareholders through dividend payments and share repurchases. |
29266.0 | 2022-04-08 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-17 | 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
Nordson Corp. (Symbol: NDSN) $227.93 $282.00 23.72%
ABM Industries, Inc. (Symbol: ABM) $46.38 $57.33 23.62%
Graco Inc (Symbol: GGG) $70.74 $83.25 17.68%
Medtronic PLC (Symbol: MDT) $112.52 $128.84 14.51%
Sysco Corp (Symbol: SYY) $82.41 $88.00 6.78%
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
Nordson Corp. (Symbol: NDSN) 0.91% 23.72% 24.63%
ABM Industries, Inc. (Symbol: ABM) 1.64% 23.62% 25.26%
Graco Inc (Symbol: GGG) 1.22% 17.68% 18.9%
Medtronic PLC (Symbol: MDT) 2.24% 14.51% 16.75%
Sysco Corp (Symbol: SYY) 2.25% 6.78% 9.03%
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
Nordson Corp. (Symbol: NDSN) $1.55 $1.92 23.87%
ABM Industries, Inc. (Symbol: ABM) $0.75 $0.77 2.67%
Graco Inc (Symbol: GGG) $0.713 $0.774 8.56%
Medtronic PLC (Symbol: MDT) $2.32 $2.52 8.62%
Sysco Corp (Symbol: SYY) $1.8 $1.88 4.44%
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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Nordson Corp. (Symbol: NDSN) $227.93 $282.00 23.72% ABM Industries, Inc. (Symbol: ABM) $46.38 $57.33 23.62% Graco Inc (Symbol: GGG) $70.74 $83.25 17.68% Medtronic PLC (Symbol: MDT) $112.52 $128.84 14.51% Sysco Corp (Symbol: SYY) $82.41 $88.00 6.78% 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. Nordson Corp. (Symbol: NDSN) 0.91% 23.72% 24.63% ABM Industries, Inc. (Symbol: ABM) 1.64% 23.62% 25.26% Graco Inc (Symbol: GGG) 1.22% 17.68% 18.9% Medtronic PLC (Symbol: MDT) 2.24% 14.51% 16.75% Sysco Corp (Symbol: SYY) 2.25% 6.78% 9.03% Another consideration with dividend growth stocks is just how much the dividend is growing. Nordson Corp. (Symbol: NDSN) $1.55 $1.92 23.87% ABM Industries, Inc. (Symbol: ABM) $0.75 $0.77 2.67% Graco Inc (Symbol: GGG) $0.713 $0.774 8.56% Medtronic PLC (Symbol: MDT) $2.32 $2.52 8.62% Sysco Corp (Symbol: SYY) $1.8 $1.88 4.44% These five stocks are part of our full Dividend Aristocrats List. | Nordson Corp. (Symbol: NDSN) $227.93 $282.00 23.72% ABM Industries, Inc. (Symbol: ABM) $46.38 $57.33 23.62% Graco Inc (Symbol: GGG) $70.74 $83.25 17.68% Medtronic PLC (Symbol: MDT) $112.52 $128.84 14.51% Sysco Corp (Symbol: SYY) $82.41 $88.00 6.78% 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. Nordson Corp. (Symbol: NDSN) 0.91% 23.72% 24.63% ABM Industries, Inc. (Symbol: ABM) 1.64% 23.62% 25.26% Graco Inc (Symbol: GGG) 1.22% 17.68% 18.9% Medtronic PLC (Symbol: MDT) 2.24% 14.51% 16.75% Sysco Corp (Symbol: SYY) 2.25% 6.78% 9.03% Another consideration with dividend growth stocks is just how much the dividend is growing. Nordson Corp. (Symbol: NDSN) $1.55 $1.92 23.87% ABM Industries, Inc. (Symbol: ABM) $0.75 $0.77 2.67% Graco Inc (Symbol: GGG) $0.713 $0.774 8.56% Medtronic PLC (Symbol: MDT) $2.32 $2.52 8.62% Sysco Corp (Symbol: SYY) $1.8 $1.88 4.44% These five stocks are part of our full Dividend Aristocrats List. | Nordson Corp. (Symbol: NDSN) $227.93 $282.00 23.72% ABM Industries, Inc. (Symbol: ABM) $46.38 $57.33 23.62% Graco Inc (Symbol: GGG) $70.74 $83.25 17.68% Medtronic PLC (Symbol: MDT) $112.52 $128.84 14.51% Sysco Corp (Symbol: SYY) $82.41 $88.00 6.78% 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. Nordson Corp. (Symbol: NDSN) 0.91% 23.72% 24.63% ABM Industries, Inc. (Symbol: ABM) 1.64% 23.62% 25.26% Graco Inc (Symbol: GGG) 1.22% 17.68% 18.9% Medtronic PLC (Symbol: MDT) 2.24% 14.51% 16.75% Sysco Corp (Symbol: SYY) 2.25% 6.78% 9.03% Another consideration with dividend growth stocks is just how much the dividend is growing. Nordson Corp. (Symbol: NDSN) $1.55 $1.92 23.87% ABM Industries, Inc. (Symbol: ABM) $0.75 $0.77 2.67% Graco Inc (Symbol: GGG) $0.713 $0.774 8.56% Medtronic PLC (Symbol: MDT) $2.32 $2.52 8.62% Sysco Corp (Symbol: SYY) $1.8 $1.88 4.44% These five stocks are part of our full Dividend Aristocrats List. | Nordson Corp. (Symbol: NDSN) $227.93 $282.00 23.72% ABM Industries, Inc. (Symbol: ABM) $46.38 $57.33 23.62% Graco Inc (Symbol: GGG) $70.74 $83.25 17.68% Medtronic PLC (Symbol: MDT) $112.52 $128.84 14.51% Sysco Corp (Symbol: SYY) $82.41 $88.00 6.78% 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. Nordson Corp. (Symbol: NDSN) 0.91% 23.72% 24.63% ABM Industries, Inc. (Symbol: ABM) 1.64% 23.62% 25.26% Graco Inc (Symbol: GGG) 1.22% 17.68% 18.9% Medtronic PLC (Symbol: MDT) 2.24% 14.51% 16.75% Sysco Corp (Symbol: SYY) 2.25% 6.78% 9.03% Another consideration with dividend growth stocks is just how much the dividend is growing. Nordson Corp. (Symbol: NDSN) $1.55 $1.92 23.87% ABM Industries, Inc. (Symbol: ABM) $0.75 $0.77 2.67% Graco Inc (Symbol: GGG) $0.713 $0.774 8.56% Medtronic PLC (Symbol: MDT) $2.32 $2.52 8.62% Sysco Corp (Symbol: SYY) $1.8 $1.88 4.44% These five stocks are part of our full Dividend Aristocrats List. |
29267.0 | 2022-04-08 00:00:00 UTC | 3 Recession-Proof Dividend Stocks to Buy | ABM | https://www.nasdaq.com/articles/3-recession-proof-dividend-stocks-to-buy | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In an attempt to put a lid on inflation, the Federal Reserve has stated that it intends to raise its benchmark federal-funds rate by 0.25% at least six more times this year after already raising rates once. The Fed could also decide to move rates 0.50% if it deems necessary to combat inflation, which has some investors thinking about recession-proof stocks.
Add to this the unknown impact of the Russian invasion of Ukraine and there is a lot of risk in markets.
While we believe investors should be aware of potential headwinds, this doesn’t imply that we are suggesting they should head for the exits. Instead, we encourage long-term investors to seek out recession-proof stocks in order to protect their portfolio.
We also believe that a special emphasis should be placed on owning those companies with long track records of dividend growth as the income they provide can cover costs in retirement, be used to purchase new shares at what could be lower prices, and help to offset any weakness in the share price.
Three of our favorite recession-proof stocks include:
ABM Industries (NYSE:ABM)
Bristol-Myers Squibb (NYSE:BMY)
UGI (NYSE:UGI)
ABM Industries (ABM)
Source: Shutterstock
Our first company on the list of recession-proof stocks to consider is ABM Industries, a leading name in facility solutions. The company is valued at $3 billion and generated revenue of just over $6 billion in fiscal year 2021.
Since its founding in 1909, ABM Industries has become one of top providers of facility solutions. Among their offerings include janitorial, energy solutions, facilities engineering, HVAC, parking, and electrical and lighting services.
The variety of service offerings is appealing to a wide variety of customers and used in many kinds of facilities, including airports, data centers, hospitals, industrial complexes, public schools and universities. This provides ABM Industries some diversification both among service offerings, but also among clients.
7 Chip Stocks Keeping the Tech Sector Running
ABM Industries has used acquisitions to expand its reach. For example, the company acquired GBM Support Services Group Limited, a top name in building maintenance, waste and facilities and management services in the U.K., in 2014. ABM Industries followed that deal with its purchase of Westway Services Holdings, a leading technical engineering systems service provider also located in the U.K., in 2015. Both acquisitions bolstered ABM Industries’ a presence in the region.
More recently, the company completed its purchase of Able Services, the largest family-owned facility services company in the U.S., late last year. This was one of the largest acquisitions in ABM Industries’ history, showing that the company remains aggressive in purchasing growth to augment its core business.
ABM Industries’ business model is quite strong and the needs for services remains robust even in recessionary environments. Earnings-per-share grew a total of more than 34% from 2007 to 2009, with each year showing a higher result.
As a result of a strong business even in difficult times, ABM Industries has amassed a very impressive dividend growth streak of 54 years. The lengthy growth streak qualifies the company as a Dividend King, of which there are just 40 other names that have the required five decades of dividend growth for membership.
With an expected payout ratio of just 23% for 2022, ABM Industries is well positioned to continue to grow its dividend in the coming years. The stock yields 1.7%, above the 1.3% average yield for the S&P 500 index.
Bristol-Myers (BMY)
Source: Katherine Welles / Shutterstock.com
Bristol-Myers, one of the top names in healthcare, is next for recession-proof stocks. The company is valued at $158 billion and generated revenue of $46 billion last year.
Bristol-Myers has a very large portfolio of brands that have helped make the company into one of the largest healthcare companies in the world. Eliquis, which is used to prevent blood clots, is one of the company’s top grossing products and is showing high growth rates. Eliquis grew close to 20% in the most recent quarter. Opdivo, which is used to treat advanced renal carcinoma among other cancers, was up 11% as demand in the U.S. has accelerated.
Like ABM Industries, Bristol-Myers hasn’t been shy about making large acquisitions to improve its business. The best example of the is the company’s $74 billion purchase of Celgene in late 2019. This purchase added Revlimid, treatment for myeloma and certain anemias, into the fold, but also added additional blood cancer medicines.
Healthcare is typically a more recession-proof sector as people seek out treatment for aliments to improve quality of life. This was the case for Bristol-Myers during the last recession as earnings-per-share grew 151% from 2007 to 2009. The company also posted gains each year for the period.
Bristol-Myers has raised its dividend for 15 consecutive years. Dividend raises were very minimal for much of this growth streak, often just a penny per share per quarter. However, dividend growth has greatly accelerated recently as the last three increases have been in the high single-digit range.
Higher than usual dividend increases could potentially become the norm for shareholders as Bristol-Myers has an expected payout ratio of just 28% for the year. Shares of the company yield 2.9%, more than twice that of the market index.
UGI (UGI)
Source: Shutterstock
Last on today’s list of recession-proof stocks to consider is UGI, a gas and electric utility company. The $7.6 billion company has annual revenue of $7.5 billion.
UGI distributes natural gas and electricity to more than 670,000 customers in Pennsylvania, but the company is much more than a regulated utility. UGI operates a large energy distribution business. Through its subsidiaries, the company transports and markets energy and energy related services.
Among its segments are AmeriGas Propane, the largest propane company in the U.S., and Midstream & Marketing, which sells natural gas, renewable energy, liquid fuels and electricity to close to 14,000 residential, commercial and industrial customers in 12 U.S. states and the District of Columbia. UGI also has substantial European operations. The company provides liquid petroleum gas to customers in 17 countries on the continent, including the U.K, France, and the Netherlands.
In total, UGI has six business segments, with the largest contribution a little more than a third of annual net income. This makes the company not as reliant on any one segment, something many utility companies do not share. Most utility companies do not have business operations that expand beyond the U.S. either. This diversification and foot print helps protect UGI in case of challenges in any one area.
7 Safe Stocks to Buy to Guard Against a Recession
The utility sector often performs better during recessions that most other sectors as customers usually prioritize sources of energy even in economic downturns. UGI is an excellent example of this as earnings-per-share improved 33% from 2007 to 2009 as the company saw its bottom-line grow each year of the period.
This unique business model and the ability to withstand harsh downturns has enabled UGI to grow its dividend for 34 consecutive years. The expected payout ratio for 2022 is 45%, a very low figure for a company in the utility sector. The company has maintained a payout ratio around 50% for most of the last decade, demonstrating how successful UGI has been at growing both its dividend and earnings-per-share during the period. UGI yields 3.8%, almost three times that average yield for the S&P 500 Index.
Final Thoughts
There are numerous headwinds that markets are dealing with at the moment, none of which appears to be dissipating in the near term. This could cause investors anxiety, but, instead of moving to cash, we encourage investors to consider owning stocks of companies that successfully navigated the last recession.
ABM Industries, Bristol-Myers and UGI are three examples of companies that saw earnings-per-share grow by high rates during the 2007 to 2009 period. All three companies have extensive dividend growth track records and each stock yields higher than what the S&P 500 is paying. This suggests that these stocks could be excellent investments for investors worried about the possibility of a recession in the near future.
On the date of publication, Bob Ciura did not have (either directly or indirectly) positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Bob Ciura has worked at Sure Dividend since 2016. He oversees all content for Sure Dividend and its partner sites. Prior to joining Sure Dividend, Bob was an independent equity analyst. His articles have been published on major financial websites such as The Motley Fool, Seeking Alpha, Business Insider and more. Bob received a bachelor’s degree in Finance from DePaul University and an MBA with a concentration in investments from the University of Notre Dame.
The post 3 Recession-Proof Dividend Stocks to Buy 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. | This was one of the largest acquisitions in ABM Industries’ history, showing that the company remains aggressive in purchasing growth to augment its core business. As a result of a strong business even in difficult times, ABM Industries has amassed a very impressive dividend growth streak of 54 years. Three of our favorite recession-proof stocks include: ABM Industries (NYSE:ABM) Bristol-Myers Squibb (NYSE:BMY) | Three of our favorite recession-proof stocks include: ABM Industries (NYSE:ABM) Bristol-Myers Squibb (NYSE:BMY) ABM Industries (ABM) Source: Shutterstock Our first company on the list of recession-proof stocks to consider is ABM Industries, a leading name in facility solutions. This was one of the largest acquisitions in ABM Industries’ history, showing that the company remains aggressive in purchasing growth to augment its core business. | ABM Industries (ABM) Source: Shutterstock Our first company on the list of recession-proof stocks to consider is ABM Industries, a leading name in facility solutions. ABM Industries, Bristol-Myers and UGI are three examples of companies that saw earnings-per-share grow by high rates during the 2007 to 2009 period. Three of our favorite recession-proof stocks include: ABM Industries (NYSE:ABM) Bristol-Myers Squibb (NYSE:BMY) | ABM Industries (ABM) Source: Shutterstock Our first company on the list of recession-proof stocks to consider is ABM Industries, a leading name in facility solutions. This provides ABM Industries some diversification both among service offerings, but also among clients. ABM Industries, Bristol-Myers and UGI are three examples of companies that saw earnings-per-share grow by high rates during the 2007 to 2009 period. |
29268.0 | 2022-04-04 00:00:00 UTC | How ABM Industries (ABM) Stock Stands Out in a Strong Industry | ABM | https://www.nasdaq.com/articles/how-abm-industries-abm-stock-stands-out-in-a-strong-industry | nan | nan | One stock that might be an intriguing choice for investors right now is ABM Industries Incorporated ABM. This is because this security in the Building Products - Maintenance Service space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Building Products - Maintenance Service space as it currently has a Zacks Industry Rank of 27 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, ABM Industries is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
ABM Industries Incorporated Price and Consensus
ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote
In fact, over the past month, current quarter estimates have risen from 82 cents per share to 84 cents per share, while current year estimates have risen from $3.41 per share to $3.60 per share. This has helped ABM to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.
So, if you are looking for a decent pick in a strong industry, consider ABM Industries. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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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. | This has helped ABM to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. One stock that might be an intriguing choice for investors right now is ABM Industries Incorporated ABM. Meanwhile, ABM Industries is actually looking pretty good on its own too. | ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote In fact, over the past month, current quarter estimates have risen from 82 cents per share to 84 cents per share, while current year estimates have risen from $3.41 per share to $3.60 per share. One stock that might be an intriguing choice for investors right now is ABM Industries Incorporated ABM. Meanwhile, ABM Industries is actually looking pretty good on its own too. | ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote In fact, over the past month, current quarter estimates have risen from 82 cents per share to 84 cents per share, while current year estimates have risen from $3.41 per share to $3.60 per share. ABM Industries Incorporated (ABM): Free Stock Analysis Report One stock that might be an intriguing choice for investors right now is ABM Industries Incorporated ABM. | ABM Industries Incorporated (ABM): Free Stock Analysis Report One stock that might be an intriguing choice for investors right now is ABM Industries Incorporated ABM. Meanwhile, ABM Industries is actually looking pretty good on its own too. |
29269.0 | 2022-04-04 00:00:00 UTC | Ex-Dividend Reminder: Progressive, Preferred Bank and ABM Industries | ABM | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-progressive-preferred-bank-and-abm-industries | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 4/6/22, Progressive Corp. (Symbol: PGR), Preferred Bank (Symbol: PFBC), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Progressive Corp. will pay its quarterly dividend of $0.10 on 4/14/22, Preferred Bank will pay its quarterly dividend of $0.43 on 4/21/22, and ABM Industries, Inc. will pay its quarterly dividend of $0.195 on 5/2/22. As a percentage of PGR's recent stock price of $115.19, this dividend works out to approximately 0.09%, so look for shares of Progressive Corp. to trade 0.09% lower — all else being equal — when PGR shares open for trading on 4/6/22. Similarly, investors should look for PFBC to open 0.59% lower in price and for ABM to open 0.42% lower, all else being equal.
Below are dividend history charts for PGR, PFBC, and ABM, showing historical dividends prior to the most recent ones declared.
Progressive Corp. (Symbol: PGR):
Preferred Bank (Symbol: PFBC):
ABM Industries, Inc. (Symbol: ABM):
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 0.35% for Progressive Corp., 2.36% for Preferred Bank, and 1.68% for ABM Industries, Inc..
In Monday trading, Progressive Corp. shares are currently up about 1.1%, Preferred Bank shares are off about 1.6%, and ABM Industries, Inc. shares are up about 0.7% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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 0.35% for Progressive Corp., 2.36% for Preferred Bank, and 1.68% for ABM Industries, Inc.. Looking at the universe of stocks we cover at Dividend Channel, on 4/6/22, Progressive Corp. (Symbol: PGR), Preferred Bank (Symbol: PFBC), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Progressive Corp. will pay its quarterly dividend of $0.10 on 4/14/22, Preferred Bank will pay its quarterly dividend of $0.43 on 4/21/22, and ABM Industries, Inc. will pay its quarterly dividend of $0.195 on 5/2/22. | Looking at the universe of stocks we cover at Dividend Channel, on 4/6/22, Progressive Corp. (Symbol: PGR), Preferred Bank (Symbol: PFBC), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Progressive Corp. will pay its quarterly dividend of $0.10 on 4/14/22, Preferred Bank will pay its quarterly dividend of $0.43 on 4/21/22, and ABM Industries, Inc. will pay its quarterly dividend of $0.195 on 5/2/22. Progressive Corp. (Symbol: PGR): Preferred Bank (Symbol: PFBC): ABM Industries, Inc. (Symbol: ABM): 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 4/6/22, Progressive Corp. (Symbol: PGR), Preferred Bank (Symbol: PFBC), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Progressive Corp. will pay its quarterly dividend of $0.10 on 4/14/22, Preferred Bank will pay its quarterly dividend of $0.43 on 4/21/22, and ABM Industries, Inc. will pay its quarterly dividend of $0.195 on 5/2/22. Progressive Corp. (Symbol: PGR): Preferred Bank (Symbol: PFBC): ABM Industries, Inc. (Symbol: ABM): In general, dividends are not always predictable, following the ups and downs of company profits over time. | If they do continue, the current estimated yields on annualized basis would be 0.35% for Progressive Corp., 2.36% for Preferred Bank, and 1.68% for ABM Industries, Inc.. Looking at the universe of stocks we cover at Dividend Channel, on 4/6/22, Progressive Corp. (Symbol: PGR), Preferred Bank (Symbol: PFBC), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Progressive Corp. will pay its quarterly dividend of $0.10 on 4/14/22, Preferred Bank will pay its quarterly dividend of $0.43 on 4/21/22, and ABM Industries, Inc. will pay its quarterly dividend of $0.195 on 5/2/22. |
29270.0 | 2022-04-01 00:00:00 UTC | Fast-paced Momentum Stock ABM Industries (ABM) Is Still Trading at a Bargain | ABM | https://www.nasdaq.com/articles/fast-paced-momentum-stock-abm-industries-abm-is-still-trading-at-a-bargain | nan | nan | Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and ABM Industries (ABM) is one of them. Here are the key reasons why this stock is a great candidate.
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 0.4%, the stock of this provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. ABM meets this criterion too, as the stock gained 8.4% over the past 12 weeks.
Moreover, the momentum for ABM is fast paced, as the stock currently has a beta of 1.23. This indicates that the stock moves 23% higher than the market in either direction.
Given this price performance, it is no surprise that ABM has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped ABM earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, ABM is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. ABM is currently trading at 0.46 times its sales. In other words, investors need to pay only 46 cents for each dollar of sales.
So, ABM appears to have plenty of room to run, and that too at a fast pace.
In addition to ABM, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
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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. | You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, ABM is trading at a reasonable valuation. There are several stocks that currently pass through the screen and ABM Industries (ABM) is one of them. ABM meets this criterion too, as the stock gained 8.4% over the past 12 weeks. | In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped ABM earn a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, ABM is trading at a reasonable valuation. There are several stocks that currently pass through the screen and ABM Industries (ABM) is one of them. | Given this price performance, it is no surprise that ABM has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, ABM is trading at a reasonable valuation. There are several stocks that currently pass through the screen and ABM Industries (ABM) is one of them. | Given this price performance, it is no surprise that ABM has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. There are several stocks that currently pass through the screen and ABM Industries (ABM) is one of them. ABM meets this criterion too, as the stock gained 8.4% over the past 12 weeks. |
29271.0 | 2022-03-29 00:00:00 UTC | Has ABM Industries (ABM) Outpaced Other Business Services Stocks This Year? | ABM | https://www.nasdaq.com/articles/has-abm-industries-abm-outpaced-other-business-services-stocks-this-year-1 | nan | nan | For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Is ABM Industries (ABM) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
ABM Industries is one of 306 individual stocks in the Business Services sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ABM Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ABM's full-year earnings has moved 5.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ABM has gained about 8.9% so far this year. In comparison, Business Services companies have returned an average of -12.1%. This means that ABM Industries is outperforming the sector as a whole this year.
Another stock in the Business Services sector, Brink's (BCO), has outperformed the sector so far this year. The stock's year-to-date return is 3.4%.
In Brink's' case, the consensus EPS estimate for the current year increased 0.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 4 individual companies and currently sits at #54 in the Zacks Industry Rank. On average, this group has gained an average of 2% so far this year, meaning that ABM is performing better in terms of year-to-date returns.
On the other hand, Brink's belongs to the Outsourcing industry. This 13-stock industry is currently ranked #104. The industry has moved -8.8% year to date.
Going forward, investors interested in Business Services stocks should continue to pay close attention to ABM Industries and Brink's as they could maintain their solid performance.
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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. | Going forward, investors interested in Business Services stocks should continue to pay close attention to ABM Industries and Brink's as they could maintain their solid performance. Is ABM Industries (ABM) one of those stocks right now? ABM Industries is one of 306 individual stocks in the Business Services sector. | Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 4 individual companies and currently sits at #54 in the Zacks Industry Rank. ABM Industries Incorporated (ABM): Free Stock Analysis Report Is ABM Industries (ABM) one of those stocks right now? | Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 4 individual companies and currently sits at #54 in the Zacks Industry Rank. ABM Industries Incorporated (ABM): Free Stock Analysis Report Is ABM Industries (ABM) one of those stocks right now? | This means that ABM Industries is outperforming the sector as a whole this year. Is ABM Industries (ABM) one of those stocks right now? ABM Industries is one of 306 individual stocks in the Business Services sector. |
29272.0 | 2022-03-28 00:00:00 UTC | Wall Street Analysts Think ABM Industries (ABM) Could Surge 28%: Read This Before Placing a Bet | ABM | https://www.nasdaq.com/articles/wall-street-analysts-think-abm-industries-abm-could-surge-28%3A-read-this-before-placing-a | nan | nan | Shares of ABM Industries (ABM) have gained 1% over the past four weeks to close the last trading session at $44.99, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $57.67 indicates a potential upside of 28.2%.
The average comprises three short-term price targets ranging from a low of $55 to a high of $60, with a standard deviation of $2.52. While the lowest estimate indicates an increase of 22.3% from the current price level, the most optimistic estimate points to a 33.4% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for ABM, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Here's What You Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why ABM Could Witness a Solid Upside
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 5.1%, as three estimates have moved higher compared to no negative revision.
Moreover, ABM currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much ABM could gain, the direction of price movement it implies does appear to be a good guide.
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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. | Why ABM Could Witness a Solid Upside There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. Shares of ABM Industries (ABM) have gained 1% over the past four weeks to close the last trading session at $44.99, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. But, for ABM, an impressive average price target is not the only indicator of a potential upside. | You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much ABM could gain, the direction of price movement it implies does appear to be a good guide. Shares of ABM Industries (ABM) have gained 1% over the past four weeks to close the last trading session at $44.99, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. But, for ABM, an impressive average price target is not the only indicator of a potential upside. | You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much ABM could gain, the direction of price movement it implies does appear to be a good guide. Shares of ABM Industries (ABM) have gained 1% over the past four weeks to close the last trading session at $44.99, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. But, for ABM, an impressive average price target is not the only indicator of a potential upside. | But, for ABM, an impressive average price target is not the only indicator of a potential upside. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much ABM could gain, the direction of price movement it implies does appear to be a good guide. Shares of ABM Industries (ABM) have gained 1% over the past four weeks to close the last trading session at $44.99, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. |
29273.0 | 2022-03-25 00:00:00 UTC | Is ABM Industries (ABM) a Great Value Stock Right Now? | ABM | https://www.nasdaq.com/articles/is-abm-industries-abm-a-great-value-stock-right-now | nan | nan | While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 12.02, which compares to its industry's average of 29.75. ABM's Forward P/E has been as high as 61.52 and as low as 11.14, with a median of 13.80, all within the past year.
Finally, we should also recognize that ABM has a P/CF ratio of 14.08. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 34.92. Over the past 52 weeks, ABM's P/CF has been as high as 15.96 and as low as 6.15, with a median of 10.88.
These figures are just a handful of the metrics value investors tend to look at, but they help show that ABM Industries is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ABM feels like a great value stock at the moment.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
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. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
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
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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. | One stock to keep an eye on is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. ABM's Forward P/E has been as high as 61.52 and as low as 11.14, with a median of 13.80, all within the past year. | ABM Industries Incorporated (ABM): Free Stock Analysis Report One stock to keep an eye on is ABM Industries (ABM). ABM is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. | One stock to keep an eye on is ABM Industries (ABM). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. | One stock to keep an eye on is ABM Industries (ABM). ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. |
29274.0 | 2022-03-25 00:00:00 UTC | Bullish Two Hundred Day Moving Average Cross - ABM | ABM | https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-abm-0 | nan | nan | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $45.06, changing hands as high as $45.42 per share. ABM Industries, Inc. shares are currently trading up about 1.7% 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 $38.44 per share, with $54.46 as the 52 week high point — that compares with a last trade of $45.40.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
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) crossed above their 200 day moving average of $45.06, changing hands as high as $45.42 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 $38.44 per share, with $54.46 as the 52 week high point — that compares with a last trade of $45.40. ABM Industries, Inc. shares are currently trading up about 1.7% on the day. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $45.06, changing hands as high as $45.42 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 $38.44 per share, with $54.46 as the 52 week high point — that compares with a last trade of $45.40. ABM Industries, Inc. shares are currently trading up about 1.7% on the day. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $45.06, changing hands as high as $45.42 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 $38.44 per share, with $54.46 as the 52 week high point — that compares with a last trade of $45.40. ABM Industries, Inc. shares are currently trading up about 1.7% on the day. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $45.06, changing hands as high as $45.42 per share. ABM Industries, Inc. shares are currently trading up about 1.7% 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 $38.44 per share, with $54.46 as the 52 week high point — that compares with a last trade of $45.40. |
29275.0 | 2022-03-11 00:00:00 UTC | Is ABM Industries (ABM) Stock Outpacing Its Business Services Peers This Year? | ABM | https://www.nasdaq.com/articles/is-abm-industries-abm-stock-outpacing-its-business-services-peers-this-year | nan | nan | The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is ABM Industries (ABM) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
ABM Industries is one of 306 individual stocks in the Business Services sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ABM Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ABM's full-year earnings has moved 5.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ABM has returned 12.7% so far this year. Meanwhile, stocks in the Business Services group have lost about 18.9% on average. As we can see, ABM Industries is performing better than its sector in the calendar year.
One other Business Services stock that has outperformed the sector so far this year is Blucora (BCOR). The stock is up 10% year-to-date.
Over the past three months, Blucora's consensus EPS estimate for the current year has increased 22.8%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 4 individual companies and currently sits at #28 in the Zacks Industry Rank. On average, this group has lost an average of 2% so far this year, meaning that ABM is performing better in terms of year-to-date returns.
On the other hand, Blucora belongs to the Technology Services industry. This 159-stock industry is currently ranked #184. The industry has moved -29.5% year to date.
Investors with an interest in Business Services stocks should continue to track ABM Industries and Blucora. These stocks will be looking to continue their solid performance.
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ABM Industries Incorporated (ABM): Free Stock Analysis Report
Blucora, Inc. (BCOR): 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. | Is ABM Industries (ABM) one of those stocks right now? ABM Industries is one of 306 individual stocks in the Business Services sector. ABM Industries is currently sporting a Zacks Rank of #1 (Strong Buy). | ABM Industries Incorporated (ABM): Free Stock Analysis Report Is ABM Industries (ABM) one of those stocks right now? ABM Industries is one of 306 individual stocks in the Business Services sector. | Breaking things down more, ABM Industries is a member of the Building Products - Maintenance Service industry, which includes 4 individual companies and currently sits at #28 in the Zacks Industry Rank. ABM Industries Incorporated (ABM): Free Stock Analysis Report Is ABM Industries (ABM) one of those stocks right now? | As we can see, ABM Industries is performing better than its sector in the calendar year. On average, this group has lost an average of 2% so far this year, meaning that ABM is performing better in terms of year-to-date returns. Is ABM Industries (ABM) one of those stocks right now? |
29276.0 | 2022-03-11 00:00:00 UTC | 5 Reasons to Add ABM Industries (ABM) Stock to Your Portfolio | ABM | https://www.nasdaq.com/articles/5-reasons-to-add-abm-industries-abm-stock-to-your-portfolio | nan | nan | ABM Industries Incorporated (ABM) is a facility management provider that has performed well year to date, and has the potential to sustain the momentum in the near term. Consequently, if you have not taken advantage of the share-price appreciation yet, it’s time you add the stock to your portfolio.
What Makes ABM an Attractive Pick?
An Outperformer: A glimpse of the company’s price trend reveals that the stock has had a decent run on the bourse year to date. Shares of ABM have returned 12.8%, against 1.7% decline of the industry it belongs to.
ABM Industries Incorporated Price
ABM Industries Incorporated price | ABM Industries Incorporated Quote
Solid Rank: ABM has a Zacks Rank #1 (Strong Buy) and a Value Growth Momentum Score (VGM Score) of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), offer the best investment opportunities. Thus, the company is a compelling investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions: The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. One estimate for 2022 moved north over the past 60 days versus no southward revision. Over the same period, the Zacks Consensus Estimate for 2022 earnings has moved 2.3% north.
Positive Earnings Surprise History: ABM has an impressive earnings surprise history. The company outpaced the Zacks Consensus Estimate in all of the trailing four quarters, delivering an average beat of 11.8%.
Growth Factors: 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 recent acquisition of Able Services is expected to strengthen ABM’s engineering and technical services, and expand its sustainability and energy efficiency offerings. The buyout adds $1.1 billion in engineering and janitorial services revenues, and is anticipated to achieve around $30 million to $40 million in cost synergies for the company.
Zacks Rank and Other Stocks to Consider
Some other stocks in the broader Business Services sector that investors may consider are Cross Country Healthcare CCRN, Accenture (ACN) and Clean Harbors CLH.
Cross Country Healthcare sports a Zacks Rank #1. The company has a long-term earnings growth of 6.6%.
Cross Country Healthcare delivered a trailing four-quarter earnings surprise of 41.5%, on average. CCRN’s shares have surged 44.2% in the past year.
Accenture carries a Zacks Rank #2 (Buy). The company has an expected earnings growth rate of 19.8% for the current year. It delivered a trailing four-quarter earnings surprise of 5.3%, on average.
Accenture’s shares have surged 16.9% in the past year. The company has a long-term earnings growth of 10%.
Clean Harbors carries a Zacks Rank #2. The company pulled off a trailing four-quarter earnings surprise of 43.2%, on average.
CLH’s shares have jumped 17.5% in the past year.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
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. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
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Accenture PLC (ACN): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Clean Harbors, Inc. (CLH): Free Stock Analysis Report
Cross Country Healthcare, Inc. (CCRN): 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. | Growth Factors: 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 (ABM) is a facility management provider that has performed well year to date, and has the potential to sustain the momentum in the near term. What Makes ABM an Attractive Pick? | ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Solid Rank: ABM has a Zacks Rank #1 (Strong Buy) and a Value Growth Momentum Score (VGM Score) of A. ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Incorporated (ABM) is a facility management provider that has performed well year to date, and has the potential to sustain the momentum in the near term. | ABM Industries Incorporated Price ABM Industries Incorporated price | ABM Industries Incorporated Quote Solid Rank: ABM has a Zacks Rank #1 (Strong Buy) and a Value Growth Momentum Score (VGM Score) of A. ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Incorporated (ABM) is a facility management provider that has performed well year to date, and has the potential to sustain the momentum in the near term. | ABM Industries Incorporated (ABM) is a facility management provider that has performed well year to date, and has the potential to sustain the momentum in the near term. What Makes ABM an Attractive Pick? Shares of ABM have returned 12.8%, against 1.7% decline of the industry it belongs to. |
29277.0 | 2022-03-11 00:00:00 UTC | ABM Industries (ABM) Shows Fast-paced Momentum But Is Still a Bargain Stock | ABM | https://www.nasdaq.com/articles/abm-industries-abm-shows-fast-paced-momentum-but-is-still-a-bargain-stock | nan | nan | Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
ABM Industries (ABM) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 13.1%, the stock of this provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. ABM meets this criterion too, as the stock gained 11.6% over the past 12 weeks.
Moreover, the momentum for ABM is fast paced, as the stock currently has a beta of 1.22. This indicates that the stock moves 22% higher than the market in either direction.
Given this price performance, it is no surprise that ABM has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped ABM earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, ABM is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. ABM is currently trading at 0.46 times its sales. In other words, investors need to pay only 46 cents for each dollar of sales.
So, ABM appears to have plenty of room to run, and that too at a fast pace.
In addition to ABM, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
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Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
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. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
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
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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. | You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, ABM is trading at a reasonable valuation. ABM Industries (ABM) is one of the several great candidates that made it through the screen. ABM meets this criterion too, as the stock gained 11.6% over the past 12 weeks. | In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped ABM earn a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, ABM is trading at a reasonable valuation. ABM Industries (ABM) is one of the several great candidates that made it through the screen. | Given this price performance, it is no surprise that ABM has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. ABM Industries (ABM) is one of the several great candidates that made it through the screen. ABM meets this criterion too, as the stock gained 11.6% over the past 12 weeks. | In addition to ABM, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. ABM Industries (ABM) is one of the several great candidates that made it through the screen. ABM meets this criterion too, as the stock gained 11.6% over the past 12 weeks. |
29278.0 | 2022-03-11 00:00:00 UTC | New Strong Buy Stocks for March 11th | ABM | https://www.nasdaq.com/articles/new-strong-buy-stocks-for-march-11th | nan | nan | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
ABM Industries Incorporated ABM: This integrated facility solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days.
ABM Industries Incorporated Price and Consensus
ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote
Avanos Medical, Inc. AVNS: This medical technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
AVANOS MEDICAL, INC. Price and Consensus
AVANOS MEDICAL, INC. price-consensus-chart | AVANOS MEDICAL, INC. Quote
AdvanSix Inc. ASIX: This manufacturer and seller of polymer resins has seen the Zacks Consensus Estimate for its current year earnings increasing 15.8% over the last 60 days.
AdvanSix Price and Consensus
AdvanSix price-consensus-chart | AdvanSix Quote
Alcoa Corporation AA: This producer and seller of bauxite, alumina and aluminium products has seen the Zacks Consensus Estimate for its current year earnings increasing 50.9% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Euroseas Ltd. ESEA: This ocean-going transportation services company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days.
Euroseas Ltd. Price and Consensus
Euroseas Ltd. price-consensus-chart | Euroseas Ltd. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Alcoa (AA): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Euroseas Ltd. (ESEA): Free Stock Analysis Report
AdvanSix (ASIX): Free Stock Analysis Report
AVANOS MEDICAL, INC. (AVNS): 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. | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: ABM Industries Incorporated ABM: This integrated facility solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote Avanos Medical, Inc. AVNS: This medical technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days. ABM Industries Incorporated (ABM): Free Stock Analysis Report | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: ABM Industries Incorporated ABM: This integrated facility solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote Avanos Medical, Inc. AVNS: This medical technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days. ABM Industries Incorporated (ABM): Free Stock Analysis Report | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: ABM Industries Incorporated ABM: This integrated facility solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote Avanos Medical, Inc. AVNS: This medical technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days. ABM Industries Incorporated (ABM): Free Stock Analysis Report | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: ABM Industries Incorporated ABM: This integrated facility solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote Avanos Medical, Inc. AVNS: This medical technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days. ABM Industries Incorporated (ABM): Free Stock Analysis Report |
29279.0 | 2022-03-11 00:00:00 UTC | Wall Street Analysts Predict a 25% Upside in ABM Industries (ABM): Here's What You Should Know | ABM | https://www.nasdaq.com/articles/wall-street-analysts-predict-a-25-upside-in-abm-industries-abm%3A-heres-what-you-should-know | nan | nan | ABM Industries (ABM) closed the last trading session at $46.05, gaining 13.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $57.67 indicates a 25.2% upside potential.
The mean estimate comprises three short-term price targets with a standard deviation of $2.52. While the lowest estimate of $55 indicates a 19.4% increase from the current price level, the most optimistic analyst expects the stock to surge 30.3% to reach $60. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for ABM, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why ABM Could Witness a Solid Upside
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 5.1% over the past month, as three estimates have gone higher compared to no negative revision.
Moreover, ABM currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much ABM could gain, the direction of price movement it implies does appear to be a good guide.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
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. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
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
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. | Why ABM Could Witness a Solid Upside There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. ABM Industries (ABM) closed the last trading session at $46.05, gaining 13.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. But, for ABM, an impressive average price target is not the only indicator of a potential upside. | You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much ABM could gain, the direction of price movement it implies does appear to be a good guide. ABM Industries (ABM) closed the last trading session at $46.05, gaining 13.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. But, for ABM, an impressive average price target is not the only indicator of a potential upside. | You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much ABM could gain, the direction of price movement it implies does appear to be a good guide. ABM Industries (ABM) closed the last trading session at $46.05, gaining 13.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. But, for ABM, an impressive average price target is not the only indicator of a potential upside. | ABM Industries (ABM) closed the last trading session at $46.05, gaining 13.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. But, for ABM, an impressive average price target is not the only indicator of a potential upside. Why ABM Could Witness a Solid Upside There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. |
29280.0 | 2022-03-09 00:00:00 UTC | Daily Dividend Report: SUI,CVS,ABM,TOL,GL | ABM | https://www.nasdaq.com/articles/daily-dividend-report%3A-suicvsabmtolgl | nan | nan | Sun Communities, a real estate investment trust that owns and operates or has an interest in manufactured housing communities, recreational vehicle resorts and marinas, today announced its Board of Directors declared a quarterly distribution of $0.88 per share of common stock for the first quarter of 2022. The distribution is payable April 15, 2022 to shareholders of record on March 31, 2022.
CVS Health has announced that its board of directors has approved a quarterly dividend of fifty-five cents per share on the Common Stock of the Corporation. The dividend is payable on May 2, 2022, to holders of record on April 22, 2022.
ABM announced that the Board of Directors has declared a cash dividend of $0.195 per common share payable on May 2, 2022 to shareholders of record on April 7, 2022. This will be the Company's 224th consecutive quarterly cash dividend.
Toll Brothers, the nation's leading builder of luxury homes, today announced that its Board of Directors approved an increase to its quarterly cash dividend to $0.20 per share, or a rate of $0.80 per share on an annualized basis. This represents an increase of 18% from the prior quarterly cash dividend of $0.17 per share. The dividend of $0.20 per share will be paid on April 22, 2022 to shareholders of record on the close of business on April 8, 2022.
Globe Life announced that its Board of Directors has raised the quarterly dividend to $.2075 per share on all of the outstanding common stock of the Company held of record as of close of business of the Company's transfer agent on April 4, 2022. The dividend will be paid on April 29, 2022.
VIDEO: Daily Dividend Report: SUI,CVS,ABM,TOL,GL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM announced that the Board of Directors has declared a cash dividend of $0.195 per common share payable on May 2, 2022 to shareholders of record on April 7, 2022. VIDEO: Daily Dividend Report: SUI,CVS,ABM,TOL,GL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Sun Communities, a real estate investment trust that owns and operates or has an interest in manufactured housing communities, recreational vehicle resorts and marinas, today announced its Board of Directors declared a quarterly distribution of $0.88 per share of common stock for the first quarter of 2022. | ABM announced that the Board of Directors has declared a cash dividend of $0.195 per common share payable on May 2, 2022 to shareholders of record on April 7, 2022. VIDEO: Daily Dividend Report: SUI,CVS,ABM,TOL,GL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Sun Communities, a real estate investment trust that owns and operates or has an interest in manufactured housing communities, recreational vehicle resorts and marinas, today announced its Board of Directors declared a quarterly distribution of $0.88 per share of common stock for the first quarter of 2022. | ABM announced that the Board of Directors has declared a cash dividend of $0.195 per common share payable on May 2, 2022 to shareholders of record on April 7, 2022. VIDEO: Daily Dividend Report: SUI,CVS,ABM,TOL,GL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Toll Brothers, the nation's leading builder of luxury homes, today announced that its Board of Directors approved an increase to its quarterly cash dividend to $0.20 per share, or a rate of $0.80 per share on an annualized basis. | ABM announced that the Board of Directors has declared a cash dividend of $0.195 per common share payable on May 2, 2022 to shareholders of record on April 7, 2022. VIDEO: Daily Dividend Report: SUI,CVS,ABM,TOL,GL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. CVS Health has announced that its board of directors has approved a quarterly dividend of fifty-five cents per share on the Common Stock of the Corporation. |
29281.0 | 2022-03-09 00:00:00 UTC | ABM Industries (ABM) Q1 Earnings, Revenues Beat Mark, View Up | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q1-earnings-revenues-beat-mark-view-up | nan | nan | ABM Industries Inc.ABM reported solid first-quarter fiscal 2022 results, with earnings and revenues beating the Zacks Consensus Estimate.
Adjusted earnings from continuing operations came in at 94 cents per share, beating the consensus mark by 19% but decreasing 7% year over year. The bottom line benefited from higher operational earnings across the industry groups, inclusive of the Able acquisition and gain on the sale of select healthcare customer contracts. These positives, however, were partially offset by Able’s integration costs, a decline in the volume of higher-margin virus protection services and work orders, an additional workday compared to the prior-year period, and higher corporate expenses.
Total revenues of $1.94 billion beat the consensus estimate by 5.5% and rose 29.7% from the year-ago level. The upside was backed by contribution from Able acquisition, solid demand for its core janitorial and engineering services, and continued recovery in the Aviation industry. Quarterly revenue growth includes 9.1% organic growth and 20.6% from the Able acquisition.
The combination of higher revenues and continued labor productivity boosted first-quarter results.
Over the past year, shares of ABM Industries have declined 13.2% compared with 2.3% loss of the industry it belongs to.
Image Source: Zacks Investment Research
Let’s check out the numbers.
Segment-Wise Revenues
Business & Industry revenues increased 49.2% year over year to $1.03 billion. Manufacturing & Distribution revenues inched up 5.4% year over year to $359.1 million. Aviation revenues increased 42.1% year over year to $200.3 million. Technical Solutions revenues increased 25.9% year over year to $141.8 million.
Education revenues of $205.7 million, however, decreased 1.1% from the prior-year quarter.
Operating Results
Adjusted EBITDA came in at $123 million compared with $123.7 million in the year-ago quarter. Adjusted EBITDA margin was 6.6% compared with 8.6% in the year-ago quarter.
Operating expenses increased 32.8% from the year-ago figure to $1.66 billion. Selling, general and administrative expenses also increased 24.9% from the year-ago level to $153.1 million.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote
Balance Sheet & Cash Flow
ABM Industries exited first-quarter fiscal 2022 with cash and cash equivalents of $46.6 million compared with $62.8 million at the end of the prior quarter. Long-term debt was $971.9 million compared with $852.8 million at the end of the prior quarter.
Net cash used in operating activities totaled $93.6 million for the reported quarter. Free cash flow came in at $103.2 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 on May 2, 2022 to stockholders of record as of Apr 7, 2022. This marked the 224th consecutive quarterly cash dividend by the company.
During the reported quarter, the company repurchased 0.3 million shares at an average price of $44.23, for a total cost of $13.3 million.
Fiscal 2022 Guidance
For fiscal 2022, ABM Industries raised its guidance for adjusted income from continuing operations in the range of $3.50-$3.70 per share from the prior guidance of $3.30-$3.55. The Zacks Consensus Estimate for the metric of $3.41 lies below the updated guidance.
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.
Performance of Other Business Services Companies
Robert Half International RHI delivered impressive fourth-quarter 2021 results, with earnings and revenues beating the Zacks Consensus Estimate.
Robert Half’s quarterly earnings of $1.51 per share beat the consensus mark by 5.6% and rose 79.8% year over year.
Robert Half’s revenues of $1.77 billion surpassed the consensus mark by 4.3% and increased 36.2% year over year on a reported basis and 36% on an as-adjusted basis.
Automatic Data Processing ADP reported better-than-expected second-quarter fiscal 2022 results.
ADP’s adjusted earnings per share of $1.65 beat the Zacks Consensus Estimate by 1.2% and rose 9% year over year.
ADP’s total revenues of $4.03 billion beat the consensus mark by 1.1% and improved 9% year over year on a reported basis as well as on an organic constant-currency basis.
Rollins ROL reported mixed fourth-quarter 2021 results, with earnings meeting the Zacks Consensus Estimate and revenues beating the same.
Rollins’ adjusted earnings of 14 cents per share meet the Zacks Consensus Estimate and increased 7.7% year over year.
Rollins’ revenues of $600.3 million beat the consensus mark by 3.3% and improved 11.9% year over year.
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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Automatic Data Processing, Inc. (ADP): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Robert Half International Inc. (RHI): Free Stock Analysis Report
Rollins, Inc. (ROL): 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 Inc.ABM reported solid first-quarter fiscal 2022 results, with earnings and revenues beating the Zacks Consensus Estimate. Over the past year, shares of ABM Industries have declined 13.2% compared with 2.3% loss 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 Balance Sheet & Cash Flow ABM Industries exited first-quarter fiscal 2022 with cash and cash equivalents of $46.6 million compared with $62.8 million at the end of the prior quarter. | ABM Industries Inc.ABM reported solid first-quarter fiscal 2022 results, with earnings and revenues beating the Zacks Consensus Estimate. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Balance Sheet & Cash Flow ABM Industries exited first-quarter fiscal 2022 with cash and cash equivalents of $46.6 million compared with $62.8 million at the end of the prior quarter. Over the past year, shares of ABM Industries have declined 13.2% compared with 2.3% loss of the industry it belongs to. | ABM Industries Inc.ABM reported solid first-quarter fiscal 2022 results, with earnings and revenues beating the Zacks Consensus Estimate. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote Balance Sheet & Cash Flow ABM Industries exited first-quarter fiscal 2022 with cash and cash equivalents of $46.6 million compared with $62.8 million at the end of the prior quarter. Over the past year, shares of ABM Industries have declined 13.2% compared with 2.3% loss of the industry it belongs to. | ABM Industries Inc.ABM reported solid first-quarter fiscal 2022 results, with earnings and revenues beating the Zacks Consensus Estimate. Over the past year, shares of ABM Industries have declined 13.2% compared with 2.3% loss 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 Balance Sheet & Cash Flow ABM Industries exited first-quarter fiscal 2022 with cash and cash equivalents of $46.6 million compared with $62.8 million at the end of the prior quarter. |
29282.0 | 2022-03-08 00:00:00 UTC | After-Hours Earnings Report for March 8, 2022 : MDB, GWRE, CASY, ABM, BMBL, DADA, SUMO, CDMO, WTI, SFIX, YEXT, HCI | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-for-march-8-2022-%3A-mdb-gwre-casy-abm-bmbl-dada-sumo-cdmo-wti | nan | nan | The following companies are expected to report earnings after hours on 03/08/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
MongoDB, Inc. (MDB)is reporting for the quarter ending January 31, 2022. The internet software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-1.25. This value represents a 23.76% decrease compared to the same quarter last year. In the past year MDB has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 11.63%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for MDB is -62.50 vs. an industry ratio of -80.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Guidewire Software, Inc. (GWRE)is reporting for the quarter ending January 31, 2022. The business software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.46. This value represents a 187.50% decrease compared to the same quarter last year. In the past year GWRE has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 1.85%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GWRE is -47.92 vs. an industry ratio of 7.40.
Caseys General Stores, Inc. (CASY)is reporting for the quarter ending January 31, 2022. The retail company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.45. This value represents a 39.42% increase compared to the same quarter last year. CASY missed the consensus earnings per share in the 4th calendar quarter of 2021 by -11.3%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CASY is 20.55 vs. an industry ratio of 20.50, 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 January 31, 2022. The building maintenance & services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.79. This value represents a 21.78% decrease compared to the same quarter last year. In the past year ABM has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 6.25%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 13.34 vs. an industry ratio of 23.20.
Bumble Inc. (BMBL)is reporting for the quarter ending December 31, 2021. The internet software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.05. This value represents a 400.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for BMBL is -541.00 vs. an industry ratio of -80.40.
Dada Nexus Limited (DADA)is reporting for the quarter ending December 31, 2021. The technology services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.37. This value represents a 2.78% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DADA is -4.04 vs. an industry ratio of -2.30.
Sumo Logic, Inc. (SUMO)is reporting for the quarter ending January 31, 2022. The internet software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.30. This value represents a 57.89% decrease compared to the same quarter last year. In the past year SUMO has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 14.29%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for SUMO is -10.79 vs. an industry ratio of -80.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Avid Bioservices, Inc. (CDMO)is reporting for the quarter ending January 31, 2022. The biomedical (gene) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.05. This value represents a 400.00% increase compared to the same quarter last year. In the past year CDMO and beat the expectations the other three quarters. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CDMO is 64.82 vs. an industry ratio of -2.60, implying that they will have a higher earnings growth than their competitors in the same industry.
W&T Offshore, Inc. (WTI)is reporting for the quarter ending December 31, 2021. The oil (us exp & production) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.09. This value represents a 280.00% increase compared to the same quarter last year. WTI missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -77.78%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for WTI is 27.04 vs. an industry ratio of 9.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Stitch Fix, Inc. (SFIX)is reporting for the quarter ending January 31, 2022. The retail (shoe) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.28. This value represents a 40.00% decrease compared to the same quarter last year. In the past year SFIX has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 84.62%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for SFIX is -11.47 vs. an industry ratio of 9.50.
Yext, Inc. (YEXT)is reporting for the quarter ending January 31, 2022. The technology services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.23. This value represents a 53.33% decrease compared to the same quarter last year. YEXT missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -10%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for YEXT is -7.69 vs. an industry ratio of -2.30.
HCI Group, Inc. (HCI)is reporting for the quarter ending December 31, 2021. The insurance (property & casualty) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.50. This value represents a 327.27% decrease compared to the same quarter last year. HCI missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -811.11%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for HCI is -224.12 vs. an industry ratio of 6.70.
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, 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 13.34 vs. an industry ratio of 23.20. | ABM Industries Incorporated (ABM)is reporting for the quarter ending January 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 13.34 vs. an industry ratio of 23.20. | ABM Industries Incorporated (ABM)is reporting for the quarter ending January 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 13.34 vs. an industry ratio of 23.20. | In the past year ABM has beat the expectations every quarter. ABM Industries Incorporated (ABM)is reporting for the quarter ending January 31, 2022. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ABM is 13.34 vs. an industry ratio of 23.20. |
29283.0 | 2022-03-03 00:00:00 UTC | What's in the Cards for ABM Industries (ABM) in Q1 Earnings? | ABM | https://www.nasdaq.com/articles/whats-in-the-cards-for-abm-industries-abm-in-q1-earnings | nan | nan | ABM Industries Inc. ABM is scheduled to report first-quarter fiscal 2022 results on Mar 8, after market close.
Let’s check out how things have shaped up for the announcement.
Q1 Expectations
The Zacks Consensus Estimate for the company’s first-quarter fiscal 2022 revenues is pegged at $1.84 billion, indicating 23% year-over-year growth. The expected upside can be attributed to strength across Aviation, Technical Solutions, and Business & Industry business segments. Improving business conditions, continued demand for the company’s higher-margin virus protection services, efficient labor management, and strategic M&A are also expected to have contributed to top-line growth.
The consensus mark for earnings stands at 79 cents per share, suggesting year-on-year decline of 21.8%. The bottom line is likely to have been weighed down by a decline in operating profit in the Education segment and rising expenses.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for ABM Industries 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
ABM Industries has an Earnings ESP of 0.00% and a Zacks Rank #4.
ABM Industries Incorporated Price and EPS Surprise
ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings this season.
Cross Country Healthcare CCRN has an Earnings ESP of +10.21% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cross Country Healthcare’s long-term earnings growth rate is projected at 6.6%. The company has delivered a trailing four-quarter earnings surprise of 41.5%, on average.
Cross Country Healthcare’s shares have surged 89.2% in the past year.
Automatic Data Processing ADP has an Earnings ESP of +0.66% and a Zacks Rank #2.
ADP has an expected earnings growth rate of 13.3% for the current year. The company has delivered a trailing four-quarter earnings surprise of 5.5%, on average.
ADP’s shares have surged 18.2% in the past year. It’s long-term earnings growth rate is projected at 12%.
Nielsen Holdings NLSN has an Earnings ESP of +4.24% and a Zacks Rank #2.
Nielsen has an expected earnings growth rate of 2.3% for the current year. The company has delivered a trailing four-quarter earnings surprise of 28.2%, on average.
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
Cross Country Healthcare, Inc. (CCRN): Free Stock Analysis Report
Nielsen Holdings Plc (NLSN): 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 Inc. ABM is scheduled to report first-quarter fiscal 2022 results on Mar 8, after market close. What Our Model Says Our proven model does not conclusively predict an earnings beat for ABM Industries this time around. ABM Industries has an Earnings ESP of 0.00% and a Zacks Rank #4. | ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote Stocks to Consider Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings this season. ABM Industries Incorporated (ABM): Free Stock Analysis Report ABM Industries Inc. ABM is scheduled to report first-quarter fiscal 2022 results on Mar 8, after market close. | ABM Industries has an Earnings ESP of 0.00% and a Zacks Rank #4. ABM Industries Incorporated Price and EPS Surprise ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote Stocks to Consider Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings this season. ABM Industries Inc. ABM is scheduled to report first-quarter fiscal 2022 results on Mar 8, after market close. | ABM Industries has an Earnings ESP of 0.00% and a Zacks Rank #4. ABM Industries Inc. ABM is scheduled to report first-quarter fiscal 2022 results on Mar 8, after market close. What Our Model Says Our proven model does not conclusively predict an earnings beat for ABM Industries this time around. |
29284.0 | 2022-03-02 00:00:00 UTC | Bullish Two Hundred Day Moving Average Cross - ABM | ABM | https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-abm | nan | nan | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $45.43, changing hands as high as $45.97 per share. ABM Industries, Inc. shares are currently trading up about 1.6% 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 $38.44 per share, with $55.48 as the 52 week high point — that compares with a last trade of $45.57.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
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 $45.43, changing hands as high as $45.97 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 $38.44 per share, with $55.48 as the 52 week high point — that compares with a last trade of $45.57. ABM Industries, Inc. shares are currently trading up about 1.6% on the day. | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $45.43, changing hands as high as $45.97 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 $38.44 per share, with $55.48 as the 52 week high point — that compares with a last trade of $45.57. ABM Industries, Inc. shares are currently trading up about 1.6% on the day. | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $45.43, changing hands as high as $45.97 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 $38.44 per share, with $55.48 as the 52 week high point — that compares with a last trade of $45.57. ABM Industries, Inc. shares are currently trading up about 1.6% on the day. | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $45.43, changing hands as high as $45.97 per share. ABM Industries, Inc. shares are currently trading up about 1.6% 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 $38.44 per share, with $55.48 as the 52 week high point — that compares with a last trade of $45.57. |
29285.0 | 2022-02-04 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-6 | 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) $40.50 $55.00 35.80%
UGI Corp. (Symbol: UGI) $41.81 $53.67 28.35%
Medtronic PLC (Symbol: MDT) $102.09 $130.00 27.33%
Brady Corp (Symbol: BRC) $49.45 $62.67 26.73%
Nordson Corp. (Symbol: NDSN) $227.78 $280.80 23.27%
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) 1.94% 35.80% 37.74%
UGI Corp. (Symbol: UGI) 3.32% 28.35% 31.67%
Medtronic PLC (Symbol: MDT) 2.47% 27.33% 29.8%
Brady Corp (Symbol: BRC) 1.82% 26.73% 28.55%
Nordson Corp. (Symbol: NDSN) 0.90% 23.27% 24.17%
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) $0.745 $0.765 2.68%
UGI Corp. (Symbol: UGI) $1.315 $1.365 3.80%
Medtronic PLC (Symbol: MDT) $2.28 $2.47 8.33%
Brady Corp (Symbol: BRC) $0.876 $0.89 1.60%
Nordson Corp. (Symbol: NDSN) $1.54 $1.8 16.88%
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 »
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) $40.50 $55.00 35.80% UGI Corp. (Symbol: UGI) $41.81 $53.67 28.35% Medtronic PLC (Symbol: MDT) $102.09 $130.00 27.33% Brady Corp (Symbol: BRC) $49.45 $62.67 26.73% Nordson Corp. (Symbol: NDSN) $227.78 $280.80 23.27% 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) 1.94% 35.80% 37.74% UGI Corp. (Symbol: UGI) 3.32% 28.35% 31.67% Medtronic PLC (Symbol: MDT) 2.47% 27.33% 29.8% Brady Corp (Symbol: BRC) 1.82% 26.73% 28.55% Nordson Corp. (Symbol: NDSN) 0.90% 23.27% 24.17% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.745 $0.765 2.68% UGI Corp. (Symbol: UGI) $1.315 $1.365 3.80% Medtronic PLC (Symbol: MDT) $2.28 $2.47 8.33% Brady Corp (Symbol: BRC) $0.876 $0.89 1.60% Nordson Corp. (Symbol: NDSN) $1.54 $1.8 16.88% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $40.50 $55.00 35.80% UGI Corp. (Symbol: UGI) $41.81 $53.67 28.35% Medtronic PLC (Symbol: MDT) $102.09 $130.00 27.33% Brady Corp (Symbol: BRC) $49.45 $62.67 26.73% Nordson Corp. (Symbol: NDSN) $227.78 $280.80 23.27% 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) 1.94% 35.80% 37.74% UGI Corp. (Symbol: UGI) 3.32% 28.35% 31.67% Medtronic PLC (Symbol: MDT) 2.47% 27.33% 29.8% Brady Corp (Symbol: BRC) 1.82% 26.73% 28.55% Nordson Corp. (Symbol: NDSN) 0.90% 23.27% 24.17% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.745 $0.765 2.68% UGI Corp. (Symbol: UGI) $1.315 $1.365 3.80% Medtronic PLC (Symbol: MDT) $2.28 $2.47 8.33% Brady Corp (Symbol: BRC) $0.876 $0.89 1.60% Nordson Corp. (Symbol: NDSN) $1.54 $1.8 16.88% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $40.50 $55.00 35.80% UGI Corp. (Symbol: UGI) $41.81 $53.67 28.35% Medtronic PLC (Symbol: MDT) $102.09 $130.00 27.33% Brady Corp (Symbol: BRC) $49.45 $62.67 26.73% Nordson Corp. (Symbol: NDSN) $227.78 $280.80 23.27% 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) 1.94% 35.80% 37.74% UGI Corp. (Symbol: UGI) 3.32% 28.35% 31.67% Medtronic PLC (Symbol: MDT) 2.47% 27.33% 29.8% Brady Corp (Symbol: BRC) 1.82% 26.73% 28.55% Nordson Corp. (Symbol: NDSN) 0.90% 23.27% 24.17% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.745 $0.765 2.68% UGI Corp. (Symbol: UGI) $1.315 $1.365 3.80% Medtronic PLC (Symbol: MDT) $2.28 $2.47 8.33% Brady Corp (Symbol: BRC) $0.876 $0.89 1.60% Nordson Corp. (Symbol: NDSN) $1.54 $1.8 16.88% These five stocks are part of our full Dividend Aristocrats List. | ABM Industries, Inc. (Symbol: ABM) $40.50 $55.00 35.80% UGI Corp. (Symbol: UGI) $41.81 $53.67 28.35% Medtronic PLC (Symbol: MDT) $102.09 $130.00 27.33% Brady Corp (Symbol: BRC) $49.45 $62.67 26.73% Nordson Corp. (Symbol: NDSN) $227.78 $280.80 23.27% 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) 1.94% 35.80% 37.74% UGI Corp. (Symbol: UGI) 3.32% 28.35% 31.67% Medtronic PLC (Symbol: MDT) 2.47% 27.33% 29.8% Brady Corp (Symbol: BRC) 1.82% 26.73% 28.55% Nordson Corp. (Symbol: NDSN) 0.90% 23.27% 24.17% Another consideration with dividend growth stocks is just how much the dividend is growing. ABM Industries, Inc. (Symbol: ABM) $0.745 $0.765 2.68% UGI Corp. (Symbol: UGI) $1.315 $1.365 3.80% Medtronic PLC (Symbol: MDT) $2.28 $2.47 8.33% Brady Corp (Symbol: BRC) $0.876 $0.89 1.60% Nordson Corp. (Symbol: NDSN) $1.54 $1.8 16.88% These five stocks are part of our full Dividend Aristocrats List. |
29286.0 | 2022-02-01 00:00:00 UTC | ABM Industries Incorporated (NYSE:ABM) stock was sold by a number of insiders in the recent year, which isn't a positive indicator for investors | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-nyse%3Aabm-stock-was-sold-by-a-number-of-insiders-in-the-recent | nan | nan | ABM Industries Incorporated (NYSE:ABM) shareholders may have reason to be concerned, as several insiders sold their shares over the past year. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
ABM Industries Insider Transactions Over The Last Year
The Senior VP, Dean Chin, made the biggest insider sale in the last 12 months. That single transaction was for US$145k worth of shares at a price of US$50.60 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$41.69. So it may not tell us anything about how insiders feel about the current share price.
All up, insiders sold more shares in ABM Industries than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:ABM Insider Trading Volume February 1st 2022
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of ABM Industries
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.7% of ABM Industries shares, worth about US$19m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The ABM Industries Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. Our analysis of ABM Industries insider transactions leaves us cautious. But we do like the fact that insiders own a fair chunk of the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing ABM Industries. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of ABM Industries.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing ABM Industries. ABM Industries Incorporated (NYSE:ABM) shareholders may have reason to be concerned, as several insiders sold their shares over the past year. ABM Industries Insider Transactions Over The Last Year The Senior VP, Dean Chin, made the biggest insider sale in the last 12 months. | ABM Industries Incorporated (NYSE:ABM) shareholders may have reason to be concerned, as several insiders sold their shares over the past year. So What Do The ABM Industries Insider Transactions Indicate? Our analysis of ABM Industries insider transactions leaves us cautious. | ABM Industries Insider Transactions Over The Last Year The Senior VP, Dean Chin, made the biggest insider sale in the last 12 months. ABM Industries Incorporated (NYSE:ABM) shareholders may have reason to be concerned, as several insiders sold their shares over the past year. All up, insiders sold more shares in ABM Industries than they bought, over the last year. | ABM Industries Incorporated (NYSE:ABM) shareholders may have reason to be concerned, as several insiders sold their shares over the past year. So What Do The ABM Industries Insider Transactions Indicate? Our analysis of ABM Industries insider transactions leaves us cautious. |
29287.0 | 2022-01-18 00:00:00 UTC | Why Blink Charging Stock Lit Up Today | ABM | https://www.nasdaq.com/articles/why-blink-charging-stock-lit-up-today | nan | nan | What happened
Blink Charging (NASDAQ: BLNK) stock is electric today, with its shares shooting up 10% as of 12:50 p.m. ET in response to some really big news from the electric car charging network:
General Motors (NYSE: GM) is plugging into Blink.
Image source: Getty Images.
So what
Blink announced the news this morning, advising that in cooperation with facility services company ABM Industries (NYSE: ABM), Blink will supply "IQ 200 Level 2 chargers" for use at "selected" General Motors dealerships in the U.S. and Canada "over the next several months."
Now what
Now, there are at least a couple of caveats that investors should bear in mind here. First and foremost, this appears to be more of a deal between ABM and GM than between Blink and GM, albeit Blink will be providing the chargers to ABM.
Second, it's unclear how big of a deal this is for Blink.
The company didn't say how many (or how few) "selected" GM dealerships it will be equipping with chargers or give any financial terms related to the deal. What we do know is that however big this deal is for Blink, with its $1.1 billion market capitalization, it doesn't appear to be a big enough deal for ABM to merit a press release from that company. In fact, so far, ABM hasn't mentioned it at all. (And ABM's stock price is down 3.7% today.)
In the absence of more specific guidance from Blink, though, my hunch is that we're probably only talking about a handful of charging stations and not a huge financial windfall for Blink. Until the company tells us something to change that view, I suspect that today's rally in Blink's share price will not last very long.
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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. | So what Blink announced the news this morning, advising that in cooperation with facility services company ABM Industries (NYSE: ABM), Blink will supply "IQ 200 Level 2 chargers" for use at "selected" General Motors dealerships in the U.S. and Canada "over the next several months." First and foremost, this appears to be more of a deal between ABM and GM than between Blink and GM, albeit Blink will be providing the chargers to ABM. What we do know is that however big this deal is for Blink, with its $1.1 billion market capitalization, it doesn't appear to be a big enough deal for ABM to merit a press release from that company. | So what Blink announced the news this morning, advising that in cooperation with facility services company ABM Industries (NYSE: ABM), Blink will supply "IQ 200 Level 2 chargers" for use at "selected" General Motors dealerships in the U.S. and Canada "over the next several months." First and foremost, this appears to be more of a deal between ABM and GM than between Blink and GM, albeit Blink will be providing the chargers to ABM. What we do know is that however big this deal is for Blink, with its $1.1 billion market capitalization, it doesn't appear to be a big enough deal for ABM to merit a press release from that company. | So what Blink announced the news this morning, advising that in cooperation with facility services company ABM Industries (NYSE: ABM), Blink will supply "IQ 200 Level 2 chargers" for use at "selected" General Motors dealerships in the U.S. and Canada "over the next several months." First and foremost, this appears to be more of a deal between ABM and GM than between Blink and GM, albeit Blink will be providing the chargers to ABM. What we do know is that however big this deal is for Blink, with its $1.1 billion market capitalization, it doesn't appear to be a big enough deal for ABM to merit a press release from that company. | First and foremost, this appears to be more of a deal between ABM and GM than between Blink and GM, albeit Blink will be providing the chargers to ABM. (And ABM's stock price is down 3.7% today.) So what Blink announced the news this morning, advising that in cooperation with facility services company ABM Industries (NYSE: ABM), Blink will supply "IQ 200 Level 2 chargers" for use at "selected" General Motors dealerships in the U.S. and Canada "over the next several months." |
29288.0 | 2022-01-13 00:00:00 UTC | Zacks Industry Outlook Highlights: Limbach Holdings, Inc., ABM Industries Inc. and Rollins, Inc | ABM | https://www.nasdaq.com/articles/zacks-industry-outlook-highlights%3A-limbach-holdings-inc.-abm-industries-inc.-and-rollins | nan | nan | For Immediate Release
Chicago, IL – January 13, 2022 – Today, Zacks Equity Research discusses Limbach Holdings, Inc. LMB, ABM Industries Inc. ABM and Rollins, Inc. ROL.
Industry: Building Maintenance
Link: https://www.zacks.com/commentary/1850769/3-stocks-to-gain-from-the-flourishing-building-maintenance-industry
Strength in the construction business, along with a rise in manufacturing and service activities, is enabling the Zacks Building Products - Maintenance Services industry to support the improving demand environment.
Service essentiality, technology and capital-management measures are aiding Limbach Holdings, Inc., ABM Industries Inc. and Rollins, Inc. to sail through the pandemic-induced testing times.
About the Industry
Companies under the Zacks Building Products - Maintenance Services category provide a wide range of services, including electrical, lighting, cleaning, installation, repair, replacement, heating, ventilation, air-conditioning (HVAC), plumbing, landscaping, equipment upgradation, energy monitoring and pest control. The industry is steadily recovering from the pandemic-induced weakness, with demand for services shooting up in residential, commercial and public buildings and various industries across the globe.
As these services are essential and cannot be delayed or canceled, demand for the same is expected to accelerate drastically post-pandemic, helping the industry players quickly cater to the end markets, recover from the Covid-19-induced supply-chain disruptions and negative financial impacts.
What's Shaping the Future of the Building Maintenance Industry?
Sustained Demand Expansion: Revenues, income and cash flows have been increasing for the past several years, mainly because the companies offer services that consumers generally cannot delay. This has enabled most industry players to increase dividends.
Manufacturing and Service in the Pink: With both manufacturing and service activities gathering steam, demand for building maintenance services is anticipated to rise steadily. Although the economic activity in the manufacturing sector shrunk 2.4% from November to December, with the Manufacturing PMI measured by the Institute for Supply Management (“ISM”) touching 58.7%, the reading of above 50% marked the 19th consecutive month of expansion.
Non-manufacturing activities declined 7.1% in December from the November all-time high of 69.1, as the Services PMI measured by the ISM touched 62%. With a reading above 50%, this is the 19th consecutive month of expansion of service activities.
Increasing Construction Spending: The construction business, on which the industry is largely dependent, has strengthened sequentially and year over year. Per the latest release by the U.S. Census Bureau, construction spending during November 2021 was estimated at a seasonally-adjusted annual rate of $1,625.9 billion, up 0.4% from the October 2021 estimate and 9.3% from the November 2020 estimate. During the first 11 months of 2021, construction spending rose 7.9% from the same period in 2020.
Zacks Industry Rank Indicates Bright Prospects
The Building Products - Maintenance Service industry, which is housed within the broader Business Services sector, currently carries a Zacks Industry Rank #18. This rank places it in the top 7% of more than 250 Zacks industries.
The group’s Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term growth prospects. 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.
Analysts covering the companies in this industry have been steadily pushing their estimates north. Over the past year, the industry’s consensus earnings estimate for 2022 has moved 20.2% north.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and current valuation.
Industry's Price Performance
Over the past year, the Zacks Building Products - Maintenance Service has depreciated 17.6% against the S&P 500 composite’s rally of 23.7%. The broader sector has declined 37.5% during the same period.
Industry's Current Valuation
Comparing the industry with the S&P 500 composite on the basis of forward 12-month price-to-earnings (P/E), which is a commonly-used multiple for the industry, we see that the industry trades at 30.73X, higher than the S&P 500’s 21.52X and the sector’s 29.65X.
Over the past five years, the industry has traded as high as 72.32X, as low as 25.11X and at a median of 37.44X.
3 Building Maintenance Stocks to Consider
We present three stocks that currently carry a Zacks Rank #1 (Strong Buy) or a Zacks Rank #3 (Hold) and are well-positioned for near-term growth. You can see the complete list of today’s Zacks #1 Rank stocks here.
Limbach Holdings, Inc.: The company is a commercial specialty contract services provider. It is currently focusing on risk management under an enhanced project selection framework, cash flow and liquidity maximization through improved working capital management. While the sales pipeline is strong in most of its existing markets, Limbach pursues opportunities in new markets.
Limbach currently sports a Zacks Rank #1. The Zacks Consensus Estimate for the company’s 2022 EPS has moved up 8% over the past 60 days.
ABM Industries Inc.: This integrated facility solutions provider currently carries a Zacks Rank of 3. 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 recently closed acquisition of Able Services is expected to strengthen ABM’s engineering and technical services and expand its sustainability and energy efficiency offerings. The buyout adds $1.1 billion in engineering and janitorial services revenues and is anticipated to achieve around $30 million to $40 million in cost synergies for the company.
The Zacks Consensus Estimate for fiscal 2022 EPS has been unchanged at $3.41 over the past 60 days.
Rollins, Inc.: This leading pest and termite control services provider is benefiting from its balanced approach to organic and inorganic growth. The company’s revenues increased 11.4% in the third quarter of 2021, with acquisitions contributing 2.2% and organic growth contributing 9.2%. All of its business lines – residential, commercial and termite – are currently in good shape.
Rollins currently carries a Zacks Rank #3. The Zacks Consensus Estimate for 2022 EPS has been unchanged at 72 cents over the past 60 days.
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ABM Industries Incorporated (ABM): Free Stock Analysis Report
Rollins, Inc. (ROL): Free Stock Analysis Report
Limbach Holdings, Inc. (LMB): Free Stock Analysis Report
To read this article on Zacks.com 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. | 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. For Immediate Release Chicago, IL – January 13, 2022 – Today, Zacks Equity Research discusses Limbach Holdings, Inc. LMB, ABM Industries Inc. ABM and Rollins, Inc. ROL. Service essentiality, technology and capital-management measures are aiding Limbach Holdings, Inc., ABM Industries Inc. and Rollins, Inc. to sail through the pandemic-induced testing times. | For Immediate Release Chicago, IL – January 13, 2022 – Today, Zacks Equity Research discusses Limbach Holdings, Inc. LMB, ABM Industries Inc. ABM and Rollins, Inc. ROL. Service essentiality, technology and capital-management measures are aiding Limbach Holdings, Inc., ABM Industries Inc. and Rollins, Inc. to sail through the pandemic-induced testing times. ABM Industries Inc.: This integrated facility solutions provider currently carries a Zacks Rank of 3. | For Immediate Release Chicago, IL – January 13, 2022 – Today, Zacks Equity Research discusses Limbach Holdings, Inc. LMB, ABM Industries Inc. ABM and Rollins, Inc. ROL. Service essentiality, technology and capital-management measures are aiding Limbach Holdings, Inc., ABM Industries Inc. and Rollins, Inc. to sail through the pandemic-induced testing times. ABM Industries Inc.: This integrated facility solutions provider currently carries a Zacks Rank of 3. | For Immediate Release Chicago, IL – January 13, 2022 – Today, Zacks Equity Research discusses Limbach Holdings, Inc. LMB, ABM Industries Inc. ABM and Rollins, Inc. ROL. Service essentiality, technology and capital-management measures are aiding Limbach Holdings, Inc., ABM Industries Inc. and Rollins, Inc. to sail through the pandemic-induced testing times. ABM Industries Inc.: This integrated facility solutions provider currently carries a Zacks Rank of 3. |
29289.0 | 2021-12-31 00:00:00 UTC | ABM Industries Incorporated (NYSE:ABM) Looks Like A Good Stock, And It's Going Ex-Dividend Soon | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-nyse%3Aabm-looks-like-a-good-stock-and-its-going-ex-dividend-0 | nan | nan | Readers hoping to buy ABM Industries Incorporated (NYSE:ABM) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Meaning, you will need to purchase ABM Industries' shares before the 5th of January to receive the dividend, which will be paid on the 7th of February.
The company's next dividend payment will be US$0.20 per share. Last year, in total, the company distributed US$0.78 to shareholders. Calculating the last year's worth of payments shows that ABM Industries has a trailing yield of 1.9% on the current share price of $40.54. If you buy this business for its dividend, you should have an idea of whether ABM Industries's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.
Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. That's why it's good to see ABM Industries paying out a modest 41% of its earnings. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. What's good is that dividends were well covered by free cash flow, with the company paying out 18% of its cash flow last year.
It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
NYSE:ABM Historic Dividend December 31st 2021
Have Earnings And Dividends Been Growing?
Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. Fortunately for readers, ABM Industries's earnings per share have been growing at 11% a year for the past five years. Earnings per share are growing rapidly and the company is keeping more than half of its earnings within the business; an attractive combination which could suggest the company is focused on reinvesting to grow earnings further. This will make it easier to fund future growth efforts and we think this is an attractive combination - plus the dividend can always be increased later.
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. In the last 10 years, ABM Industries has lifted its dividend by approximately 3.4% a year on average. Earnings per share have been growing much quicker than dividends, potentially because ABM Industries is keeping back more of its profits to grow the business.
Final Takeaway
Is ABM Industries an attractive dividend stock, or better left on the shelf? ABM Industries has been growing earnings at a rapid rate, and has a conservatively low payout ratio, implying that it is reinvesting heavily in its business; a sterling combination. It's a promising combination that should mark this company worthy of closer attention.
In light of that, while ABM Industries has an appealing dividend, it's worth knowing the risks involved with this stock. Our analysis shows 3 warning signs for ABM Industries and you should be aware of these before buying any shares.
If you're in the market for dividend stocks, we recommend checking our list of top dividend stocks with a greater than 2% yield and an upcoming dividend.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Calculating the last year's worth of payments shows that ABM Industries has a trailing yield of 1.9% on the current share price of $40.54. ABM Industries has been growing earnings at a rapid rate, and has a conservatively low payout ratio, implying that it is reinvesting heavily in its business; a sterling combination. Readers hoping to buy ABM Industries Incorporated (NYSE:ABM) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. | NYSE:ABM Historic Dividend December 31st 2021 Have Earnings And Dividends Been Growing? Readers hoping to buy ABM Industries Incorporated (NYSE:ABM) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Meaning, you will need to purchase ABM Industries' shares before the 5th of January to receive the dividend, which will be paid on the 7th of February. | Readers hoping to buy ABM Industries Incorporated (NYSE:ABM) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Meaning, you will need to purchase ABM Industries' shares before the 5th of January to receive the dividend, which will be paid on the 7th of February. Calculating the last year's worth of payments shows that ABM Industries has a trailing yield of 1.9% on the current share price of $40.54. | Fortunately for readers, ABM Industries's earnings per share have been growing at 11% a year for the past five years. Readers hoping to buy ABM Industries Incorporated (NYSE:ABM) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Meaning, you will need to purchase ABM Industries' shares before the 5th of January to receive the dividend, which will be paid on the 7th of February. |
29290.0 | 2021-12-30 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-6 | 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
Telephone & Data Systems Inc (Symbol: TDS) $20.15 $31.17 54.67%
ABM Industries, Inc. (Symbol: ABM) $40.59 $55.00 35.50%
SEI Investments Co (Symbol: SEIC) $61.69 $71.25 15.50%
Sysco Corp (Symbol: SYY) $77.94 $89.71 15.11%
Bank OZK (Symbol: OZK) $46.51 $53.28 14.57%
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
Telephone & Data Systems Inc (Symbol: TDS) 3.47% 54.67% 58.14%
ABM Industries, Inc. (Symbol: ABM) 1.92% 35.50% 37.42%
SEI Investments Co (Symbol: SEIC) 1.30% 15.50% 16.8%
Sysco Corp (Symbol: SYY) 2.41% 15.11% 17.52%
Bank OZK (Symbol: OZK) 2.49% 14.57% 17.06%
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
Telephone & Data Systems Inc (Symbol: TDS) $0.68 $0.7 2.94%
ABM Industries, Inc. (Symbol: ABM) $0.74 $0.76 2.70%
SEI Investments Co (Symbol: SEIC) $0.72 $0.77 6.94%
Sysco Corp (Symbol: SYY) $1.8 $1.84 2.22%
Bank OZK (Symbol: OZK) $1.078 $1.133 5.10%
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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Telephone & Data Systems Inc (Symbol: TDS) $20.15 $31.17 54.67% ABM Industries, Inc. (Symbol: ABM) $40.59 $55.00 35.50% SEI Investments Co (Symbol: SEIC) $61.69 $71.25 15.50% Sysco Corp (Symbol: SYY) $77.94 $89.71 15.11% Bank OZK (Symbol: OZK) $46.51 $53.28 14.57% 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. Telephone & Data Systems Inc (Symbol: TDS) 3.47% 54.67% 58.14% ABM Industries, Inc. (Symbol: ABM) 1.92% 35.50% 37.42% SEI Investments Co (Symbol: SEIC) 1.30% 15.50% 16.8% Sysco Corp (Symbol: SYY) 2.41% 15.11% 17.52% Bank OZK (Symbol: OZK) 2.49% 14.57% 17.06% Another consideration with dividend growth stocks is just how much the dividend is growing. Telephone & Data Systems Inc (Symbol: TDS) $0.68 $0.7 2.94% ABM Industries, Inc. (Symbol: ABM) $0.74 $0.76 2.70% SEI Investments Co (Symbol: SEIC) $0.72 $0.77 6.94% Sysco Corp (Symbol: SYY) $1.8 $1.84 2.22% Bank OZK (Symbol: OZK) $1.078 $1.133 5.10% These five stocks are part of our full Dividend Aristocrats List. | Telephone & Data Systems Inc (Symbol: TDS) $20.15 $31.17 54.67% ABM Industries, Inc. (Symbol: ABM) $40.59 $55.00 35.50% SEI Investments Co (Symbol: SEIC) $61.69 $71.25 15.50% Sysco Corp (Symbol: SYY) $77.94 $89.71 15.11% Bank OZK (Symbol: OZK) $46.51 $53.28 14.57% 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. Telephone & Data Systems Inc (Symbol: TDS) 3.47% 54.67% 58.14% ABM Industries, Inc. (Symbol: ABM) 1.92% 35.50% 37.42% SEI Investments Co (Symbol: SEIC) 1.30% 15.50% 16.8% Sysco Corp (Symbol: SYY) 2.41% 15.11% 17.52% Bank OZK (Symbol: OZK) 2.49% 14.57% 17.06% Another consideration with dividend growth stocks is just how much the dividend is growing. Telephone & Data Systems Inc (Symbol: TDS) $0.68 $0.7 2.94% ABM Industries, Inc. (Symbol: ABM) $0.74 $0.76 2.70% SEI Investments Co (Symbol: SEIC) $0.72 $0.77 6.94% Sysco Corp (Symbol: SYY) $1.8 $1.84 2.22% Bank OZK (Symbol: OZK) $1.078 $1.133 5.10% These five stocks are part of our full Dividend Aristocrats List. | Telephone & Data Systems Inc (Symbol: TDS) $20.15 $31.17 54.67% ABM Industries, Inc. (Symbol: ABM) $40.59 $55.00 35.50% SEI Investments Co (Symbol: SEIC) $61.69 $71.25 15.50% Sysco Corp (Symbol: SYY) $77.94 $89.71 15.11% Bank OZK (Symbol: OZK) $46.51 $53.28 14.57% 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. Telephone & Data Systems Inc (Symbol: TDS) 3.47% 54.67% 58.14% ABM Industries, Inc. (Symbol: ABM) 1.92% 35.50% 37.42% SEI Investments Co (Symbol: SEIC) 1.30% 15.50% 16.8% Sysco Corp (Symbol: SYY) 2.41% 15.11% 17.52% Bank OZK (Symbol: OZK) 2.49% 14.57% 17.06% Another consideration with dividend growth stocks is just how much the dividend is growing. Telephone & Data Systems Inc (Symbol: TDS) $0.68 $0.7 2.94% ABM Industries, Inc. (Symbol: ABM) $0.74 $0.76 2.70% SEI Investments Co (Symbol: SEIC) $0.72 $0.77 6.94% Sysco Corp (Symbol: SYY) $1.8 $1.84 2.22% Bank OZK (Symbol: OZK) $1.078 $1.133 5.10% These five stocks are part of our full Dividend Aristocrats List. | Telephone & Data Systems Inc (Symbol: TDS) $20.15 $31.17 54.67% ABM Industries, Inc. (Symbol: ABM) $40.59 $55.00 35.50% SEI Investments Co (Symbol: SEIC) $61.69 $71.25 15.50% Sysco Corp (Symbol: SYY) $77.94 $89.71 15.11% Bank OZK (Symbol: OZK) $46.51 $53.28 14.57% 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. Telephone & Data Systems Inc (Symbol: TDS) 3.47% 54.67% 58.14% ABM Industries, Inc. (Symbol: ABM) 1.92% 35.50% 37.42% SEI Investments Co (Symbol: SEIC) 1.30% 15.50% 16.8% Sysco Corp (Symbol: SYY) 2.41% 15.11% 17.52% Bank OZK (Symbol: OZK) 2.49% 14.57% 17.06% Another consideration with dividend growth stocks is just how much the dividend is growing. Telephone & Data Systems Inc (Symbol: TDS) $0.68 $0.7 2.94% ABM Industries, Inc. (Symbol: ABM) $0.74 $0.76 2.70% SEI Investments Co (Symbol: SEIC) $0.72 $0.77 6.94% Sysco Corp (Symbol: SYY) $1.8 $1.84 2.22% Bank OZK (Symbol: OZK) $1.078 $1.133 5.10% These five stocks are part of our full Dividend Aristocrats List. |
29291.0 | 2021-12-27 00:00:00 UTC | Analysts Predict 13% Upside For HSMV | ABM | https://www.nasdaq.com/articles/analysts-predict-13-upside-for-hsmv | 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 First Trust Horizon Managed Volatility Small/Mid ETF (Symbol: HSMV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $38.35 per unit.
With HSMV trading at a recent price near $34.08 per unit, that means that analysts see 12.53% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of HSMV's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), TTM Technologies Inc (Symbol: TTMI), and Energizer Holdings Inc (Symbol: ENR). Although ABM has traded at a recent price of $41.53/share, the average analyst target is 32.43% higher at $55.00/share. Similarly, TTMI has 20.42% upside from the recent share price of $14.48 if the average analyst target price of $17.44/share is reached, and analysts on average are expecting ENR to reach a target price of $46.00/share, which is 19.48% above the recent price of $38.50. Below is a twelve month price history chart comparing the stock performance of ABM, TTMI, and ENR:
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
First Trust Horizon Managed Volatility Small/Mid ETF HSMV $34.08 $38.35 12.53%
ABM Industries, Inc. ABM $41.53 $55.00 32.43%
TTM Technologies Inc TTMI $14.48 $17.44 20.42%
Energizer Holdings Inc ENR $38.50 $46.00 19.48%
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.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Although ABM has traded at a recent price of $41.53/share, the average analyst target is 32.43% higher at $55.00/share. First Trust Horizon Managed Volatility Small/Mid ETF HSMV $34.08 $38.35 12.53% ABM Industries, Inc. ABM $41.53 $55.00 32.43% TTM Technologies Inc TTMI $14.48 $17.44 20.42% Energizer Holdings Inc ENR $38.50 $46.00 19.48% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of HSMV's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), TTM Technologies Inc (Symbol: TTMI), and Energizer Holdings Inc (Symbol: ENR). | Three of HSMV's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), TTM Technologies Inc (Symbol: TTMI), and Energizer Holdings Inc (Symbol: ENR). First Trust Horizon Managed Volatility Small/Mid ETF HSMV $34.08 $38.35 12.53% ABM Industries, Inc. ABM $41.53 $55.00 32.43% TTM Technologies Inc TTMI $14.48 $17.44 20.42% Energizer Holdings Inc ENR $38.50 $46.00 19.48% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although ABM has traded at a recent price of $41.53/share, the average analyst target is 32.43% higher at $55.00/share. | Three of HSMV's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), TTM Technologies Inc (Symbol: TTMI), and Energizer Holdings Inc (Symbol: ENR). Although ABM has traded at a recent price of $41.53/share, the average analyst target is 32.43% higher at $55.00/share. Below is a twelve month price history chart comparing the stock performance of ABM, TTMI, and ENR: Below is a summary table of the current analyst target prices discussed above: | Although ABM has traded at a recent price of $41.53/share, the average analyst target is 32.43% higher at $55.00/share. First Trust Horizon Managed Volatility Small/Mid ETF HSMV $34.08 $38.35 12.53% ABM Industries, Inc. ABM $41.53 $55.00 32.43% TTM Technologies Inc TTMI $14.48 $17.44 20.42% Energizer Holdings Inc ENR $38.50 $46.00 19.48% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of HSMV's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), TTM Technologies Inc (Symbol: TTMI), and Energizer Holdings Inc (Symbol: ENR). |
29292.0 | 2021-12-24 00:00:00 UTC | Analyzing ABM Industries’ Newly Added Risk Factor? | ABM | https://www.nasdaq.com/articles/analyzing-abm-industries-newly-added-risk-factor | nan | nan | New York-based ABM Industries (ABM) is a Fortune 500 company that provides facility services such as janitorial, parking, engineering, and landscaping. Its clients include commercial office buildings, schools, hospitals, airports, and entertainment venues. The company recently acquired facilities management provider Able Services to expand its scale and accelerate growth.
ABM’s earnings report shows revenue rose 14.2% year-over-year to $1.7 billion in Fiscal Q4 2021 ended October 31, exceeding the consensus estimate of $1.6 billion. It posted adjusted EPS of $0.85, which rose from $0.69 in the same quarter last year and beat the consensus estimate of $0.80.
The company ended Q4 with $62.8 million in cash and $1.1 billion in debt. ABM plans to distribute a quarterly cash dividend of $0.195 per share on February 7. It has set January 5 as the ex-dividend date.
With this in mind, we used TipRanks to take a look at the risk factors for ABM Industries.
Risk Factors
According to the new TipRanks Risk Factors tool, ABM Industries' main risk category is Finance and Corporate, representing 32% of the total 22 risks identified for the stock. Production and Macro & Political are the next two major risk categories, each accounting for 23% of the total risks. ABM has recently added one new Finance and Corporate risk factor.
The company informs investors that it expects the Able Services acquisition to bring growth opportunities and unlock cost synergies. Achieving these benefits will depend on the successful integration of Able’s business with ABM. But the company cautions that integrating the businesses could cause challenges that may disrupt its normal operations. It mentions that it may incur unexpected expenses or lose clients and personnel in the integration process. Therefore, ABM tells investors that if the Able integration proves to be more difficult than anticipated, it may not achieve the expected benefits, and its financial condition and stock price could be adversely impacted.
ABM has launched what it calls the Elevate initiative, which is focused on increasing operational efficiency and driving long-term profitability. The initiative will involve making changes to ABM’s business systems and processes. The company estimates it will invest $150 million to $175 million in the Elevate program, with $80 million being invested in Fiscal 2022. ABM expects that the program will be mostly complete by the end of Fiscal 2025. However, it cautions investors in an updated risk factor that the Elevate initiative could cause more significant disruptions to its operations than it anticipates. Furthermore, the company tells investors that executing the strategy could result in expenses that exceed its current estimates.
The Finance and Corporate risk factor’s sector average is 40%, compared to ABM’s 32%. ABM stock has gained about 10% since the beginning of 2021.
Analysts’ Take
KeyBanc analyst Sean Eastman recently reiterated a Buy rating on ABM stock but lowered the price target to $55 from $60. Eastman’s reduced price target suggests 32.43% upside potential.
Consensus among analysts is a Moderate Buy based on 1 Buy and 1 Hold.
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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. | Therefore, ABM tells investors that if the Able integration proves to be more difficult than anticipated, it may not achieve the expected benefits, and its financial condition and stock price could be adversely impacted. New York-based ABM Industries (ABM) is a Fortune 500 company that provides facility services such as janitorial, parking, engineering, and landscaping. ABM’s earnings report shows revenue rose 14.2% year-over-year to $1.7 billion in Fiscal Q4 2021 ended October 31, exceeding the consensus estimate of $1.6 billion. | ABM’s earnings report shows revenue rose 14.2% year-over-year to $1.7 billion in Fiscal Q4 2021 ended October 31, exceeding the consensus estimate of $1.6 billion. Risk Factors According to the new TipRanks Risk Factors tool, ABM Industries' main risk category is Finance and Corporate, representing 32% of the total 22 risks identified for the stock. New York-based ABM Industries (ABM) is a Fortune 500 company that provides facility services such as janitorial, parking, engineering, and landscaping. | New York-based ABM Industries (ABM) is a Fortune 500 company that provides facility services such as janitorial, parking, engineering, and landscaping. Risk Factors According to the new TipRanks Risk Factors tool, ABM Industries' main risk category is Finance and Corporate, representing 32% of the total 22 risks identified for the stock. Analysts’ Take KeyBanc analyst Sean Eastman recently reiterated a Buy rating on ABM stock but lowered the price target to $55 from $60. | With this in mind, we used TipRanks to take a look at the risk factors for ABM Industries. ABM has recently added one new Finance and Corporate risk factor. New York-based ABM Industries (ABM) is a Fortune 500 company that provides facility services such as janitorial, parking, engineering, and landscaping. |
29293.0 | 2021-12-20 00:00:00 UTC | ABM Industries is Oversold | ABM | https://www.nasdaq.com/articles/abm-industries-is-oversold | 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 Monday, shares of ABM entered into oversold territory, changing hands as low as $38.48 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 27.2 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.1. 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 0.78/share (currently paid in quarterly installments) works out to an annual yield of 1.94% based upon the recent $40.26 share price.
A bullish investor could look at ABM's 27.2 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 »
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 27.2 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 Monday, shares of ABM entered into oversold territory, changing hands as low as $38.48 per share. | In the case of ABM Industries, Inc., the RSI reading has hit 27.2 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.1. Indeed, ABM's recent annualized dividend of 0.78/share (currently paid in quarterly installments) works out to an annual yield of 1.94% based upon the recent $40.26 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. | But making ABM Industries, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of ABM entered into oversold territory, changing hands as low as $38.48 per share. In the case of ABM Industries, Inc., the RSI reading has hit 27.2 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.1. 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 27.2 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.1. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABM is its dividend history. 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. |
29294.0 | 2021-12-19 00:00:00 UTC | ABM Industries' (NYSE:ABM) Dividend Will Be US$0.20 | ABM | https://www.nasdaq.com/articles/abm-industries-nyse%3Aabm-dividend-will-be-us%240.20 | nan | nan | ABM Industries Incorporated (NYSE:ABM) will pay a dividend of US$0.20 on the 7th of February. Based on this payment, the dividend yield on the company's stock will be 1.9%, which is an attractive boost to shareholder returns.
ABM Industries' Earnings Easily Cover the Distributions
If the payments aren't sustainable, a high yield for a few years won't matter that much. Prior to this announcement, ABM Industries' dividend was comfortably covered by both cash flow and earnings. This means that a large portion of its earnings are being retained to grow the business.
Over the next year, EPS is forecast to expand by 53.3%. If the dividend continues along recent trends, we estimate the payout ratio will be 27%, which is in the range that makes us comfortable with the sustainability of the dividend.
NYSE:ABM Historic Dividend December 19th 2021
ABM Industries Has A Solid Track Record
The company has an extended history of paying stable dividends. Since 2011, the dividend has gone from US$0.56 to US$0.78. This implies that the company grew its distributions at a yearly rate of about 3.4% over that duration. Slow and steady dividend growth might not sound that exciting, but dividends have been stable for ten years, which we think makes this a fairly attractive offer.
The Dividend Looks Likely To Grow
Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. ABM Industries has impressed us by growing EPS at 11% per year over the past five years. Earnings are on the uptrend, and it is only paying a small portion of those earnings to shareholders.
We Really Like ABM Industries' Dividend
Overall, we think that this is a great income investment, and we think that maintaining the dividend this year may have been a conservative choice. Earnings are easily covering distributions, and the company is generating plenty of cash. All in all, this checks a lot of the boxes we look for when choosing an income stock.
Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Taking the debate a bit further, we've identified 3 warning signs for ABM Industries that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our curated list of high performing dividend stock.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Taking the debate a bit further, we've identified 3 warning signs for ABM Industries that investors need to be conscious of moving forward. ABM Industries Incorporated (NYSE:ABM) will pay a dividend of US$0.20 on the 7th of February. ABM Industries' Earnings Easily Cover the Distributions If the payments aren't sustainable, a high yield for a few years won't matter that much. | ABM Industries' Earnings Easily Cover the Distributions If the payments aren't sustainable, a high yield for a few years won't matter that much. Prior to this announcement, ABM Industries' dividend was comfortably covered by both cash flow and earnings. NYSE:ABM Historic Dividend December 19th 2021 ABM Industries Has A Solid Track Record The company has an extended history of paying stable dividends. | NYSE:ABM Historic Dividend December 19th 2021 ABM Industries Has A Solid Track Record The company has an extended history of paying stable dividends. We Really Like ABM Industries' Dividend Overall, we think that this is a great income investment, and we think that maintaining the dividend this year may have been a conservative choice. ABM Industries Incorporated (NYSE:ABM) will pay a dividend of US$0.20 on the 7th of February. | Prior to this announcement, ABM Industries' dividend was comfortably covered by both cash flow and earnings. ABM Industries has impressed us by growing EPS at 11% per year over the past five years. ABM Industries Incorporated (NYSE:ABM) will pay a dividend of US$0.20 on the 7th of February. |
29295.0 | 2021-12-15 00:00:00 UTC | ABM Industries Inc (ABM) Q4 2021 Earnings Call Transcript | ABM | https://www.nasdaq.com/articles/abm-industries-inc-abm-q4-2021-earnings-call-transcript | nan | nan | Image source: The Motley Fool.
ABM Industries Inc (NYSE: ABM)
Q4 2021 Earnings Call
Dec 15, 2021, 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Paul Goldberg -- Senior Vice President, Investor Relations
[Starts abruptly]
With me today are Scott Salmirs, our President and Chief Executive Officer; Earl Ellis, our Executive Vice President and Chief Financial Officer; as well as other members of our executive leadership team, whom you will meet later during the Investor Day portion of today's program. We are all very pleased you have joined us this morning.
Please note that earlier this morning, we issued our press release announcing our fourth quarter and full year fiscal 2021 financial results as well as details about the elevated initiatives we are undertaking. A copy of this release and an accompanying slide presentation can be found on our website abm.com.
Regarding today's program, we will first review our fourth quarter and full fiscal year 2021 financial and operating results. After that, we will take a short break, we will then begin the Investor Day portion of the program where we will provide an update on our strategic positioning, discuss our newly announced Elevate initiative and provide a multi-year outlook. After that, we will host a Q&A session. Instructions on how to submit a question will be provided at the end of our prepared remarks.
Before we begin, I would like to remind you that our webcast and presentation today contain predictions, estimates and other forward-looking statements. Our use of the words estimate, expect, and similar expressions are intended to identify these statements. These statements represent our current judgment of what the future holds. While we believe them to be reasonable, these statements are subject to risks and uncertainties that could cause our actual results to differ materially. These factors are described in the slide that accompanies our presentation, as well as our filings with the SEC. During the course of this call, certain non-GAAP financial information will be presented. A reconciliation of historical non-GAAP numbers to GAAP financial measures is available at the end of the presentation on the company's website under the Investor tab.
And with that, I would like to now turn the webcast over to Scott.
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Scott Salmirs -- President and Chief Executive Officer
Thanks, Paul. Good morning, and thank you all for joining us today to discuss our fourth quarter and fiscal 2021 results. Following our comments, we are hosting a virtual Investor Day, where we will provide a long-range strategic update and financial outlook, including a comprehensive discussion of our Elevate investment initiative. I hope everyone can join us for that part of the webcast and we look forward to speaking with you and answering your questions.
Fiscal 2021 was an exceptional year for ABM, highlighted by continued strong financial performance and the acquisition of Able Services, a key transaction that substantially expanded our geographic footprint and broadened our capabilities. Throughout the year, our global team continued to execute at the highest level, successfully navigating a dynamic environment with agility, resiliency and dedication to serve our clients. Fourth quarter revenue grew over 14% to $1.7 billion and adjusted EPS increased 23%, representing a great finish to our fiscal 2021 year, where revenue of $6.2 billion was accompanied by an adjusted earnings per share increase of 47% to $3.58.
Our strong revenue growth in the fourth quarter was driven by one month of contribution from Able, as well as organic growth in our B&I, Aviation and Technical Solutions verticals, which more than offset a modest decline in our Education segment. I'm pleased with the progress we've made in enhancing our overall profitability as full year adjusted EBITDA margins reached a record 7.3% and fourth quarter adjusted EBITDA margins increased 40 basis points from prior year. Throughout the year, we continued to experience demand for disinfection and virus protection services as clients prioritized our EnhancedClean protocols to maintain hygiene in high traffic spaces. In addition, we continued to manage our labor cost efficiently as office occupancy trends increased gradually through the year.
As anticipated, overall demand for our higher margin work orders and EnhancedClean services eased as the year progressed, yet we maintained elevated in the fourth quarter compared to pre-pandemic levels. Going forward, we expect that ongoing concerns around COVID-19 variance will lead to incremental opportunities for our disinfection services, providing support for our adjusted EBITDA margins exceeding 6% in fiscal 2022 per our guidance.
Turning to our segment performance. Fourth quarter revenue growth was led by a continued rebound in aviation. This industry group, which was most impacted by the pandemic, generated 43% year-over-year revenue growth in the fourth quarter as air travel trends improved markedly over the prior year and we capitalized on new business opportunities, including the expansion of our parking operations at airports. Our fourth quarter was also benefited from 21% growth in Technical Solutions revenue, reflecting growth in our emerging e-mobility business and improved access to client-site. Technical Solutions backlog increased by 20% sequentially compared to the third quarter and reached a record level in the fourth quarter, driven by the transition to electric vehicles and the associated need for charging stations, our e-mobility business has significant long-term growth potential. Key growth drivers for this business include federal stimulus funds designated for energy efficient projects as well as the recent passage of the federal infrastructure bill that included $7.5 billion toward deploying EV charging stations nationwide.
Our B&I segment continued to perform well as revenue grew at a double-digit rate in the fourth quarter, benefiting from the addition of Able, new contract wins and continued client demand for work orders. While office occupancy trended higher over the past year, office occupancy levels remained low by historical standards, which should lead to a continued tailwind from labor efficiencies perspective in this segment during the first half of fiscal 2022 and possibly longer.
Turning to Education. Fourth quarter revenue and margins declined compared to the prior year. Earlier this year, we communicated that the return of students to school on a full-time basis with diminished Education segment labor efficiency, as increased staffing would be required to accommodate educational institutions reopenings in the fall. This [Indecipherable] we expected, though the unusual rapid staffing ramp combined with the state of the labor markets resulted in higher labor costs, dampening segment margins in the quarter. With this staffing increase now behind us, we believe Education segment profitability will return to more normalized levels starting in the first quarter.
I'd now like to provide some color on Elevate, our transformational investment initiatives that we will discuss in detail during our virtual Investor Day event following this call. Five years ago, we announced 2020 vision, a long-range strategic plan to drive profitable growth and shareholder value. Today, we are building on the success of that initiative with Elevate, a multi-year comprehensive investment initiatives that will enhance our strategic and competitive positioning, leverage the advantages of leading-edge technologies, inclusive of data and analytics and enable us to capture incremental growth and profit opportunities arising from macro shifts in demographics, rapidly changing workplace dynamics and the heightened need for increased corporate sustainability. Elevate will include strategic investments in revenue growth initiatives, team member development, workforce management and digital transformation. These investments will accelerate our organic growth, strengthen profitability and create a more rewarding experience for both clients and team members. The total Elevate investment is estimated to be $150 million to $175 million and the initiatives is expected to be largely completed by the end of fiscal 2025. In fiscal '22, we expect to invest approximately $80 million in Elevate, enabling us to significantly advance the implementation of our digital transformation.
With these foundational elements in place, by the end of fiscal 2022, we anticipate lower levels of Elevate investments in subsequent years. We are excited about the opportunities that Elevate will provide and we'll share more detail with you on this whole initiatives in a few minutes on the Investor Day portion of the program.
We are entering fiscal 2022 from a position of strength, supported by a healthy balance sheet, solid cash flow and favorable growth trends across our businesses. We continue to support our clients by providing high value services and solutions that have enabled them to navigate unprecedented challenges over the past couple of years and with the recent acquisition of Able, we significantly expanded our capabilities to comprehensively address our clients' evolving needs across the spectrum of facilities management and engineering solutions.
Now I'd like to comment briefly on our guidance. For fiscal 2022, we forecast GAAP earnings per diluted share of $2.05 to $2.30 and adjusted EPS of $3.30 to $3.55. Within this guidance, we assume an easing of COVID related disinfection services and work orders, leading us to project fiscal '22 adjusted EBITDA margins of 6.2% to 6.6%, inclusive of synergies from Able Services acquisition. While EPS and margins are projected to decline from fiscal 2021, they are significantly above pre-pandemic levels and above our targeted long-term metrics we outlined in 2019 when we signaled an aspirational margin range of 5.5% to 6%. We'll provide more detail on our outlook and fiscal 2022 guidance later during our virtual Investor Day portion of the program.
I'll now turn over the call to Earl for a discussion of our financials.
Earl Ellis -- Executive Vice President and Chief Financial Officer
Thank you, Scott, and good morning, everyone. Fourth quarter revenue increased 14.2% to $1.7 billion, primarily driven by one month of contribution from the acquisition Able Services, continued client demand for disinfection services and a generally improving economic environment. GAAP income from continuing operations in the fourth quarter was $34.3 million or $0.50 per diluted share, compared to $53.1 million or $0.78 per diluted share in the same period last year. The decrease in GAAP income reflects higher operating and corporate expenses, which included acquisition related costs of $19.7 million, initial investments in our Elevate initiative and a lower benefit from self-insurance adjustments related to prior years.
On an adjusted basis, fourth quarter income from continuing operations grew 25% to $58.2 million or $0.85 per diluted share compared to $46.7 million or $0.69 per diluted share in the fourth quarter of last year. The increase in adjusted EPS reflects revenue growth and a benefit from the absence of a reserve for notes receivable related to a single project within the company's Technical Solutions segment recorded last year, partially offset by reduced labor efficiencies and disinfection work.
Corporate expenses were $40.9 million higher compared to the fourth quarter of fiscal 2020, due to acquisition-related expenses, a lower benefit from prior year self-insurance adjustments and costs related to hiring initiatives. Corporate expenses in the fourth quarter of fiscal 2021 were also impacted by $10.3 million of initial investments in the Elevate transformation initiative that Scott mentioned, and that we will discuss more fully later on.
Now turning to our segment results in the fourth quarter. B&I revenue increased 17.5% year-over-year to $933 million, driven primarily by a one-month contribution from Able Services, increased office occupancy and the expansion of key accounts. Excluding the contribution from Able, B&I revenue increased 4.7% from the prior period. Operating profit in B&I declined 3% to $82.1 million from the same period last year, reflecting an easing in higher margin work orders.
Aviation revenue increased 43% to $201.7 million, marking the second consecutive quarter of robust year-over-year revenue growth. This improvement was driven largely by increased airline passenger volume and the expansion of our airport parking operations. Aviation operating profit increased to $13.2 million, compared to $3.5 million in last year's fourth quarter, driven by the significant rebound in revenue as well as our efforts to emphasize higher margin airport facility services.
Revenue within our Technology & Manufacturing segment was essentially flat year-over-year at $245.5 million, as new business starts were offset by reduced client demand for COVID related work orders and EnhancedClean. However, operating margins for T&M improved to 10% in the fourth quarter, up 40 basis points from last year's fourth quarter benefiting from efficient labor management and contract expansions.
Education revenue declined 3.7% to $204.4 million, largely reflecting the timing of contract rebids. While client retention rates remain consistent on a year-over-year basis, certain contract rebids were not completed in the fourth quarter, impacting segment revenue. Operating profit totaled $7.7 million, down from $15.1 million in last year's fourth quarter. The decline in segment operating profit was in part due to normal seasonality. However, the magnitude of the decline this year was amplified by the widespread reopening of educational institutions that necessitated a near instantaneous ramp-up of staff, as Scott has discussed. Moving forward, we anticipate Education segment profit margins will be approximately 6% in fiscal 2022, representing an increase of more than 100 basis points compared to pre-COVID levels, resulting from a sustained uplift in labor efficiency and higher disinfection revenue.
Revenue within our Technical Solutions segment grew 21% to [Technical Issues] million, aided by continued strong growth in our emerging electric vehicle charging infrastructure business, improved access to client sites and strengthened client demand for energy efficient solutions. Segment operating income returned to profitability and generated an operating profit margin of 12.8%.
We ended the fourth quarter with $62.8 million in cash and cash equivalents, compared to $394.2 million with total debt of $1.06 billion as of October 31, 2021. Our total debt to pro forma adjusted EBITDA, including standby letters of credit was 1.9 times at the end of the fourth quarter of fiscal 2021. As for our dividends, I am pleased to report the Board approved a 2.6% increase in our quarterly dividend to $19.5 to be paid out in February.
Now, I'll briefly discuss our outlook. As Scott mentioned, our guidance for full year fiscal 2022 adjusted income from continuing operations is a range of $3.30 to $3.55 per diluted share. Our adjusted earnings forecast reflects a favorable growth outlook across our business segments in fiscal 2022, as well as an expected easing in COVID-19 related disinfection work and a reduction in labor efficiencies from anticipated rising office occupancy rates. Please note that our adjusted earnings guidance excludes approximately $72 million in Elevate related expenses that are planned in fiscal 2022. These are general and administrative expenses for delivering and implementing technology and process solutions related to our digital transformation. We plan to exclude these expenses from adjusted earnings to provide for more accurate comparisons regarding operating performance.
We expect that fiscal 2022 tax rate to be approximately 30% excluding any discrete items. Fiscal 2022 will have one additional workday compared to fiscal 2021. As a reminder, each workday represents approximately $7 million of labor expense. In terms of the timing of quarterly workdays throughout the year, we will have one additional work day in both the first and fourth quarters versus the comparable periods in fiscal 2021 and one less workday in the second quarter.
Capital expenditures for fiscal 2022 are expected to be approximately $54 million, including $8 million related to Elevate investments. We forecast depreciation to be approximately $50 million for the year. We hope you will remain with us for our virtual Investor Day presentation, which will start shortly after a brief break. Following the presentation, we will be available to answer your questions. Thank you.
Scott Salmirs -- President and Chief Executive Officer
Welcome back. What a great representation of who we are and what we do. I'm super excited to kick off the Investor Day portion of our program, especially in light of the incredible results we shared earlier. Joining me are the members of our executive leadership team, who you'll be hearing from later today. This team brings an incredible mix of industry experience and diverse backgrounds. We'll share our strategic plan that will unlock significant long-term value for our shareholders and strengthen our industry-leading position through end market repositioning and building on our core services. Our new strategic plan will transform ABM from a position of strength, using what we learned from 2020 vision and our COVID response to launch our organization into the next phase of our journey.
We're going to leverage the market trends that will impact our business over the next five years. This will not only sharpen our focus, but also inform the investments we'll be making and we're going to optimize our portfolio of services and markets and geographies to better position our businesses to thrive as society evolves and moves forward, and we will innovate in the areas of technology and data to modernize service delivery. This will improve the productivity of our frontline workforce and create digital connections with our clients and our teammates and will drive profitable growth, will accelerate organic revenue growth rates by close to 50% with sustainable adjusted EBITDA margins almost double where we started in 2015, while building on our significant cash flow.
Over the course of the next hour, we'll dive into each one of these elements. But before we jump into our strategic plan and tell you how we're going to elevate ABM, we'll briefly lay the foundation for first. So we're confident that we can implement our strategic plan because we've done it before. In 2015, we launched 2020 vision, a watershed moment for ABM, driving long-term profitable growth and enhancing shareholder value. These investments we'll make over the next few years are a direct result of learnings from the success of 2020 vision.
So let's start with a review of what we've accomplished. First, our go-to-market strategy shifted us from a service-centric to a client-centric organization and created industry groups organized by end market. This allowed us to focus on industries where we have a meaningful competitive advantage, like Business & Industry, with our unmatched commercial real estate portfolio. It also gave us the opportunity to seek out segments where we knew we could build a leadership position, like we did with Education. We are now clearly the number one facilities provider in that segment.
This approach was well received by clients and led to improved organic growth. You see, having an established industry group structure makes it easier for us to cross sell multi service solutions to our clients, leading to stickier, higher margin contracts. We were also aggressive in optimizing our portfolio by divesting non-core assets like security and government services and quickly reinvesting those proceeds into an emerging higher growth, higher margin service line, our Technical Solutions business. Through the acquisition of GCA, we were able to take to sub-scale vertical markets, Education and Technology & Manufacturing and solidify them as stand-alone industry groups. In a moment, we'll share the ways we'll continue to evolve our industry group mix toward high growth, high-margin sectors.
We also now have mature key corporate functions like centralized shared services for finance and HR. We were able to improve productivity and we're now in a position to take advantage of our scale as we continue our growth trajectory through synergistic M&A. A good example of the benefits of scale is how our procurement team continues to drive efficiencies in large dollar spend categories, as we have more meaningful relationships with our suppliers. The power of this has never been more evident than during the pandemic when we were able to procure PPE and supplies, while others could not. This provide a critical protection for our team members and our clients.
Procurement is among many key areas where we can find synergies from M&A, and our sales culture dramatically change through 2020 vision. This resulted in a record five consecutive years of new sales growth and unparalleled achievement for us. And in the field, we established standard operating procedures and a consistent service delivery approach, so our large-scale national clients knew what they can expect from market to market. To fund our acquisition strategy during 2020 vision, we upsized our credit facility from $800 million to $1.6 billion. We also consistently increased our dividend for over 55 years. And this past quarter, we paid our 222nd consecutive dividend.
We'll continue to drive growth and create value by focusing on thoughtful capital allocation to fund organic investments, pursue M&A and distribute cash to shareholders. We learned a lot through 2020 Vision and I'm proud of the financial results we delivered. Our journey started with a 3.8% adjusted EBITDA margin. By 2019, our adjusted EBITDA margin expanded by 140 basis points to 5.2%. Revenue grew by 23% to $6.5 billion and adjusted EPS grew 27%, reaching $2.05 per share. And we delivered these results during one of the worst labor crises in recent memory from 2018 to 2019. And we displayed the resilience that investors have come to expect from ABM year-after-year.
We also continue to evolve on the executive leadership front. Toward the end of 2019, we made a key hire bringing on Josh Feinberg, our Chief Strategy and Transformation Officer. Josh helped guide our 2020 Vision as a partner at BCG. And now, he is instrumental in developing our strategic vision and building a digitally enabled operating model.
I'll hand it off to Josh now to continue laying the foundation for our strategic plan.
Josh Feinberg -- Executive Vice President and Chief Strategy and Transformation Officer
Thanks, Scott. Really appreciate the introduction. I feel so fortunate to be here. It's truly a pleasure to chart ABM's path forward from a position of strength. And we have a lot to leverage our market leadership position in a large and still very fragmented industry, our unmatched footprint and service portfolio, our blue chip client base in our industry-leading team. But perhaps more than anything else, our business continues to prove time and time again to be incredibly resilient.
We were tested in 2020 and 2021 as the COVID-19 pandemic took hold. We acted quickly and decisively, rapidly building and deploying new capabilities and mobilizing our teams to lead our clients through the unpredictable shutdowns and reopenings we've all experienced over the past 20 months. And throughout it all, we perform at record-breaking profitability.
So how did we do it? And how has it further strengthened us for the path ahead? We prioritized the health and safety of our team members and clients, always our top priority, by assembling an advisory council with some of the nation's leading experts in industrial hygiene and infectious disease and establishing the leading pandemic-specific health, safety and operations protocols that we quickly deployed across our client base. We laser-focused on our cash flow and liquidity. When many in our industry struggled, our cash position improved significantly. We developed our own proprietary experts-backed solutions, EnhancedClean & EnhancedFacility to deliver healthy safe spaces and peace of mind to our clients and their employees, so buildings could reopen and stay open.
We've built and deployed a flexible labor model to accommodate the changing landscape. And we shifted our growth to pandemic appropriate end markets, like manufacturing and distribution, which helped offset the revenue decline in more impacted areas like aviation. These actions led to bottom line profitability beyond expectation, driving our pre-COVID adjusted EBITDA margin baseline from 5% up to 7.3% in 2021, while generating cumulative COVID-related revenues of $600 million over 2020 and 2021.
Our ability to perform during the pandemic clearly illustrates our agility and resilience. But the structural enhancements we made during this time, particularly the installation of a flexible labor model and the conversion of higher margin disinfecting into permanent scope additions, will serve us well going forward. Our world has fundamentally changed over the past 20 months. Society's demand for healthy and safe spaces will continue well into the future, especially as new variants continue to emerge. We are confident that this will translate into long-term margin expansion, whether new variants continue or not. We have moved beyond being a trusted partner. We are now a trusted and differentiated brand.
Today, we are well positioned to invest in our future and are fortunate to be launching our strategy from a position of strength. We have unrivaled competitive advantage anchored in our market leadership across all end markets and industries we serve, unparalleled reach with a large distributed network of people and branch offices to serve our clients across the US and UK, a unique portfolio of services spanning janitorial, engineering, parking, technical solutions and aviation services, a trusted reputation that we have earned over the last 110 years of long-lasting client relationship and a strong balance sheet that we will use strategically and opportunistically as expansion possibilities arise.
Our performance during the pandemic afforded us the opportunity to look ahead and craft our longer-term strategy, while others struggle day to day. We started by refreshing our deep understanding of the market and trends, impacting our industry now and for years to come. Five trends rose to the surface. First, societal shifts are leading to the demand for healthy, safe and efficient spaces as well as a renewed commitment to diversity, equity and inclusion. Changes in demographics, higher rates of urbanization and consumer preferences have accelerated the need for expanded logistics ecosystem from clients like Amazon, Walmart, FedEx and UPS looking to enhance the reach.
Second, the future of work is centered on drastically changing employee expectations, which are causing employers to rethink workplace design, assess the appropriate work models for their teams and create efficient collaboration tools to drive sustained improvements in employee productivity and satisfaction. This trend highlights the need to invest in dynamic workforce capabilities and employ flexible operations to accommodate rapidly changing workplace dynamics.
Third, sustainability is no longer a consideration for the future. It is required to operate a business responsibly right now. Our recently published Sustainability Report reaffirms our commitment to leaving a healthier planet for the next generation and beyond. More specifically, the demand for renewable energy, clean air, reduction in energy consumption and the elimination of harmful pathogens are just a few sustainability trends that directly align to our janitorial, facilities engineering and technical solutions businesses, all of which our strategic growth priorities.
Fourth, mobility is shaping various industries, leading to significant investments in autonomous vehicles and electrification, which is driving new infrastructure builds across the world. This presents a substantial opportunity for our fast-growing EV charging segment in our Technical Solutions business, in our Smart Parking Solutions, in our B&I and Aviation segments.
And finally, digitization. It continues to accelerate with leading-edge technologies and data and analytics, becoming more prevalent in day-to-day use. Smart buildings are evolving with artificial intelligence, cloud computing and IoT sensor technology. This is leading to our investment in both workforce and client-facing technology at a time when clients are demanding innovation.
Our purpose, putting people above all else and amplifying what matters most to them has never meant more. The value and demand for what we do has never been higher. Our clients will benefit, our team members will benefit, society will benefit and our investors will benefit. We've anticipated the seismic shifts ahead. We're prepared to embrace these changes and capitalize on the future they've opened up. This is our time.
Let me now pass it back to Scott to unveil our strategic vision.
Scott Salmirs -- President and Chief Executive Officer
Thanks, Josh. To continue to win in the future, we must build on our positioning to capture the opportunity ahead and sustain the resilience our shareholders depend on. Elevate is the next step in our journey. We will elevate the client experience as a trusted advisor and innovate with multi-service solutions and consistent service delivery to drive sustained profitable growth. We'll elevate the team member experience by training and developing the next generation of leaders and building on our inclusive culture and will elevate our use of technology and data to power client and team member experiences with cutting-edge data and analytics, processes and tools that will fundamentally change how we operate our business and result in significant financial returns. This will separate us from our competitors that just don't have the financial resources to make these investments, w will elevate ABM.
Let's take a look at the Elevate launch video that brings our vision to life. we are really inspired by this vision.
Now I'd like to introduce Rene Jacobsen, our Chief Operating Officer. Rene is responsible for leading operations for all of our industry groups and has created an environment centered on collaboration, accountability and client focus. He is now going to take you through the market landscape, our service line and industry group portfolio and a view into how we'll elevate the client experience.
Rene Jacobsen -- Executive Vice President and Chief Operating Officer
Thanks, Scott. We play in a large and diverse market with many different types of competitors. The total addressable market although very large at $250 billion is highly fragmented. Oftentimes our greatest competition comes from small regional players and local companies. While we are well positioned from a competitive standpoint in each market, growth rates for our core services tend to be generally in line with GDP. You'll see that we plan on investing in our platform in ways that our competition cannot. We're also well positioned to ensure business continuity for our clients in response to new variants given our established protocols, expert advisory council and the essential services we provide to meet their needs. Elevating the client and team member experiences through the use of technology and data will differentiate ABM in the marketplace and help us achieve above market growth.
We operate with a vast number of service lines to well-defined and diversified end markets and geographies. While the diversity of our business is a strategic choice we want to preserve, we continue to evolve our focus. We spent significant time and effort analyzing market trends, competitive intelligence, client needs and economics to assess both our current portfolio and potential adjacencies. Let's take a look at how we're structured and provide you with an aerial view of our industry groups and service lines.
Let's start with our service lines. Janitorial Services have always been the core of ABM service offering. Our position as a market leader in the geographies we operate opens up tremendous possibilities for growing into new whitespace. We will pursue organic initiatives to improve our client retention rates and maintain our market leading position. We will also invest heavily in tools to unlock efficiencies in our frontline workforce. We're excited to share more about these initiatives later on today. We will also seek out M&A opportunities to grow our footprint in geographies with favorable economies of scale. Our foothold in key markets provides a firm foundation for synergies.
Advances in technology and a focus on sustainability, particularly in energy efficiency and consumption have propelled engineering services to the forefront. Preventative maintenance dictated by time based schedule is phasing out as facilities are now being outfitted with Edge networks sensors and other smart devices to drive data that allow our engineers to predict failures before they happen. The demand for expert engineering services is high and the ability to lead with advanced processes and technology, one of our key areas of investment over the next few years is quickly becoming a place where we can differentiate.
We'll also continue to seek out opportunities to improve our scale in key markets through M&A like we did with Able Services. Success in parking centers around technology and advanced revenue management capabilities as we seek to optimize our clients parking facilities operations and revenue. We will continue to modernize our parking business and create a consistent operating model around technology and automation to drive value for our clients. We've already begun to deliver first generation smart parking solutions to enhance the parking experience at LAX [Indecipherable] automation artificial intelligence and machine learning are some of the ways we can provide frictionless entry and exit, smooth way finding and automated payment solutions.
We can also offer a unique bundling opportunity with the installation and modernization of EV charging stations. We are consolidating this data into a single analytics platform to drive revenue and over the next few years, we will invest in scaling these areas to become a unique solution provider for our clients. We are increasingly pursuing client opportunities that include multiple services. Our ability to self-perform engineering, janitorial and other maintenance services is a big differentiator with prospective clients. Along with a strong strategic partnership network, these contracts require a dedicated technology platform to manage the full suite of services and advance procurement capabilities to negotiate service contracts where we need a subcontract.
There is a continuum between adding an additional service versus a fully integrated IFS contract and there is a lot of white across that spectrum. Our goal is to move further along that continuum toward IFS. The Able acquisition advanced our position in this area, as you'll see, when we dive deeper into that strategic move a little later. These capabilities provide higher margin and increased retention or stickiness, a key to growing our business and profit profile. Our industry group structure was similarly strengthened by this new strategic approach.
Let's start with a review of our Technical Solutions business. Technical Solutions has been our highest growth and highest margin business for years. Historically, we've achieved these results with our HVAC, mechanical, electrical and lighting services, which are often bundled together and packaged in a unique offering to our clients to generate cost savings, while yielding healthy margins for ABM. We call that bundled energy solutions. We're seeing greater demand for services in higher growth segments of the market related to electrification, sustainable energy savings programs and power and electrical, consistent with the long-term mega trends we discussed earlier.
Our team is poised to continue on a growth trajectory powered by the momentum we're seeing in the market for vehicle electrification, where we are one of the largest installers of electrical vehicle charging stations in the country; bundled energy solutions that guarantee energy savings and address critical aging infrastructure; power and electrical services that support the growth of mission-critical facilities like data centers for clients in technology, healthcare and the federal government. The $1 trillion bipartisan infrastructure bill that just passed will open doors for us. In fact, it allocates $7.5 billion that could be used to construct EV charging stations.
We are planning investments in talent and technology to attract salespeople who can sell these complex solutions, highly skilled engineers and project managers, and hardware and software to build unique solutions and integrate data sources. The revenue and margin potential for ATS continues to be very high, relative to other industry groups. Investments in public infrastructure, the growth of electrification and the focus on energy and sustainability project significant market growth for years to come.
Next, let's turn to B&I, our largest industry group. B&I is anchored by our commercial real estate client portfolio, which consists of both third-party managed and owner managed facilities. Janitorial, engineering and parking are the primary service lines in B&I, which have generated solid margins and cash flow for ABM. We are planning investments in workforce management that will increase the productivity levels of our onsite operations as well as our use of technology like sensors, autonomous equipment and data platforms. To enhance our value proposition to clients by providing real-time insights to better run their facilities. B&I fared extraordinarily well throughout the pandemic.
While we sustained some top line impact due to facility closures early on and more recently low rates of occupancy, our margins flourished as we were able to drive labor efficiencies and higher margin EnhancedClean services to our clients. Revenue growth potential for B&I. Is that a company average and remains a reliable source of organic growth year in and year out, given its overall size and impact on the organization. The margin potential for B&I continues to be above the industry group average and will be further augmented by elevated investments. The market for commercial office space is projected to grow at modest rates with the types of clients on the upper end of that growth range very much aligned to our operating model, skewing toward large national companies.
Next, let's cover our Education segment. Education is operating a near pre-COVID levels as schools have largely returned to in-person learning across the country. We expect both higher education and K-12 schools to continue to invest in disinfection programs, while also focusing on indoor air quality. We are advising clients on different ways to pay for these services, including government funding through the CARES Act and other programs. Our breadth of services in this segment makes us a true industry leader with janitorial, facilities engineering, landscape and ground services in all markets. Our education clients have also been a major focus for cross-selling bundled energy solutions from the ATS group.
Revenue growth and margin potential for education is slightly below company average. However, there is an upside as our team shifts focus to higher margin contracts with private higher-education institutions that have longer buying cycles. The education market is primarily in-sourced, but we are well positioned to generate more first generation outsourcing opportunities with integrated service offering that includes janitorial, engineering and grounds. This solution was bolstered by the acquisition of Able Services.
Now, let's switch gears and turn to Aviation. Aviation was our most impacted industry group during the COVID-19 pandemic. However, our exposure to airports and not just airlines insulated us against the more severe impact as flight volumes dropped almost 90% during the peak. Our breadth of service offerings in this space and our commitment to providing healthy and safe spaces for passengers both on-board and in airports helped us sustain a significant portion of our revenue over the last few years.
As flight volumes are returning to normal, we're also continuing to secure higher margin service contracts with airports and related facilities, which tend to be more stable. We're an end-to-end provider of services in the aviation industry as we handle everything from parking and transportation, to wheelchair, to cabin cleaning and many below the wing services like baggage handling.
While revenue in our Aviation segment remains below pre-pandemic levels, we expect to see continued growth, driven in part by new airport parking, transportation and janitorial contracts. Over the last few years, we've evolved from 45% airport clients and 55% airline clients to 55% airport clients and 45% airline clients as airports are less impacted by fluctuating passenger volume.
Revenue growth potential for aviation is projected to be high with the aviation sector recovering after the initial COVID shutdown. While margin potentially is structurally lower than company average, we're expecting significant improvement in this area due to volume improvements and customer mix. We believe the market potential is high, given the recently passed infrastructure bill.
Finally, let's discuss some key trends in our Technology & Manufacturing business. Over the last few years, our presence in logistics, distribution and manufacturing has grown double-digits. As we covered earlier, several mega trends are accelerating growth in these markets. Consumer preferences have changed. They now expect faster fulfillment without an increase in costs, which is leading to a boom in US distribution and warehouse space that is now reaching urban markets. Estimates show that 1 billion square feet of net new US distribution warehouse space is needed to support e-commerce growth due to consumer demands. This represents more than 100% growth in these types of facilities.
ABM has a strong presence in this high growth market and has client relationships with the likes of Amazon, Walmart, FedEx and UPS, who've experienced significant growth over the last few years. Add to this robust end markets like food and beverage, auto, aerospace and other large industrial companies, and we are uniquely positioned to compete in this growing market.
Today, we're excited to announce the creation of a new industry group, Manufacturing and Distribution. M&D will replace our T&M industry group and shift our incredible portfolio of technology clients into B&I where they're best served. This will allow us to become even more client-centric in how we deliver our services to manufacturing and distribution clients who have similar business needs and are also essential service providers in our economy. It will also leverage ABM's scale to drive service excellence, increasing density and proximity of support to all of our technology, manufacturing and distribution clients as well as position M&D for innovation and growth by putting our best operation around each client and focusing on large specialized client sites to give us a better chance to expand multiple service offerings to these accounts. The accelerated growth of our technology clients with their expanded office footprint is best served by B&I and the branch network with roughly $300 million in annual revenue moving over. This includes clients like Facebook, Google and Adobe. M&D will maintain our large manufacturing clients and add distribution clients with roughly $400 million in annual revenue moving over.
We have already achieved operational savings from this change, which is part of our Elevate related run rate adjusted EBITDA margin that Earl will outline in the fiscal '22 guidance section later on in the presentation. Revenue growth potential for M&D is projected to be well above average as we leverage foundational client relationships with large organizations who are realizing exponential growth. Margin potential is projected to be high due to the specialization required to perform service in these unique high demand facilities. We believe the market potential is extraordinarily high [Technical Issues]
Raul Valentin -- Executive Vice President and Chief Human Resources Officer
That variability makes it difficult to support how each team member can be most productive across the organization.
We will transform how we work together adopting industry leading smart processes and tools by investing in a new workforce platform with modern time keeping, scheduling forecasting modules, providing a simple user interface that our teams can manage and access via desktop, tablet or mobile. Ultimately, our goal is to create a digital connection with our workforce to enable just in time and on-demand training and development, providing them with insights to get their jobs done more productively, which will deliver better client satisfaction. We expect these investments to produce significant benefits due to increased labor productivity and will also provide us with better controls to help us comply with the ever-changing regulatory environment in these areas.
We are a people business. Our team members will be a driving factor in our long-term success if we empower them to inspire, lead, manage and execute. To accomplish this, we will strengthen our culture and reaffirm our commitment to an inclusive workplace. Last year, we launched a culture and inclusion council and now this cross-functional, multi-level council is beginning to help in this area. With the guidance of the council, we selected outside organizations to partner with. As a result, we've entered into multi-year partnerships with respected organizations like the Hispanic scholarship fund, the after-school Alliance and The Thurgood Marshall College Fund.
All our focus on building a more equitable society for the next generation. This not only resonates with our leaders, but directly to our team members at every level. We will empower and engage workforce through improved talent acquisition capabilities and enhanced coaching and development programs, beginning with the frontline manager. We will evolve our rewards by implementing a totally reward system and recognition program that enhances ABMs value proposition for team members and drives retention and productivity. We will build stronger HR capabilities by enhancing our HR shared services center that provides team members with support in HR related information 24/7, while we continue to evolve our broader HR capabilities.
While we're excited about our vision to elevate the team member experience, we realize we are in the midst of a global labor shortage. Our teams have been keenly focused on mitigating this risk by launching several targeted initiatives to keep our client facility staffed, including strategies to better attract and retain talent. In this spring, we launched a rapid recruiting program that expands the reach of most of our impactful recruiting activities, like deploying local sourcing teams, hosting grassroots hiring events, opening new stand-alone brick and mortar recruiting centers in key markets, driving incentive programs and social media brand promotion across all our major channels. These activities have driven a strong pool of candidates and we will continue to invest in these programs across all of our key markets.
Structural realignment of our centralized field recruiting model has significantly improved yield and accepted offers. This is resulting in both improved time to fill and more hires with the same number of recruiters. We expect to continue to realize staffing efficiencies as we scale these initiatives. While we've improved our candidate flow, we've also started to build additional solutions to retain our team members. We developed a predictive retention model to identify areas of the business that may experience higher levels of team member attrition. This data coupled with strong HR and operational partnership has led to site-specific action plans. Early results show reduction in turnover in half of all site where this approach has been deployed. With a solid strategy in place to keep our facility staffed and the investments we're making and enhancing our workforce management capabilities, we feel as prepared as we can be considering the current tight labor market.
Now to introduce you all to the third pillar in our strategic plan is Melanie Kirkwood Ruiz, our Chief Information Officer. Melanie is a visionary technology leader with more than 20 years of experience across diverse industries, including gaming, commercial real estate, manufacturing, healthcare and aviation. Melanie will explain how we elevate ABM through the use of technology and data.
Melanie Kirkwood Ruiz -- Chief Information Officer
Thank you, Raul. Elevating the client and team member experiences requires us to create a digital connection that links the buildings we service to our teams and our clients. This connection will be enabled with technology and real-time data to promote visibility, it's a facility operations and insights to drive meaningful action. This will result in increased productivity and improvements in client satisfaction and retention.
Leading-edge technologies such as AI, machine learning and advanced data analytics are radically changing the way we do business and deliver value to our clients and team members. To effectively capture the opportunities in front of us and stay at the leading edge, we must embrace these trends and develop a digital platform consistent with our market leadership position. We will elevate our use of technology and data by investing in our systems, tools, business processes and operating models to enable the following outcomes.
We will engage our clients and team members in new ways to further differentiate us in the industry. This includes launching a new team member at that will serve as a one-stop shop to manage their schedules and shifts, access new training and development content and communicate with their managers and clients. By developing and deploying client-facing technology and data platforms, we can drive actionable insights that improve service delivery and our ultimate value to the client. A great example being the smart parking solution you heard about earlier in the presentation.
We will expand our use of data by building and advanced data and analytics capability that will develop data products for high value use cases like some of the ones [Indecipherable] mentioned already, team member retention, hyper targeting for sales and recruiting among others. This will establish data and analytics as a strategic asset for ABM. We will modernize the digital ecosystem to support core activities and enable high value business outcomes. Investments in this area will include upgrades to enterprise software like our ERP and payroll systems along with infrastructure and cyber security builds to support our new capabilities. Technology data, and process will power our ability to provide best-in-class client and team member experiences. We will undergo a fundamental transformation with careful pace and cadence.
And now to talk through our 2022 guidance and forward outlook is Earl Ellis, ABM's Chief Financial Officer.
Earl Ellis -- Executive Vice President and Chief Financial Officer
Thank you, Melanie, and good morning, everyone. I am so pleased to have the opportunity to share with you our fiscal 2022 guidance and the details of our strategic investments that will transform ABM over the years to come. These investments will accelerate our organic growth, expand our profitability and significantly enhance both our client and team member experiences. Over the next four years, we are confident these investments will drive substantial and sustainable improvements to our operational and financial performance, while improving both employee and client retention.
Now before I dive into the details of our fiscal '22 guidance and longer-term outlook, I think it's important to first ground us in what's transpired over the past year and a half. Since the third quarter of fiscal 2020, we have experienced significant tailwinds from the dramatic impact of COVID-19. The substantial increase in demand for disinfecting services combined with our team's continued strong operational execution and drive for labor efficiencies contributed to record adjusted EBITDA margins exceeding 7% in fiscal 2021. This represents a more than 200 basis point improvement versus pre-COVID adjusted EBITDA margins in fiscal 2019. Much of this improvement reflects COVID related benefits from increased work orders, EnhancedClean and labor efficiencies.
While we anticipate an easing of these tailwinds as we emerge from the pandemic, we are confident that we can retain approximately 50 basis points to 70 basis points of uplift over the long-term as we expect to maintain a portion of both the disinfection related revenue and profitability along with a higher baseline level of labor efficiency.
So turning to fiscal 2022 guidance. As we build upon the improved positioning gained over the past 18 months, we are guiding to an adjusted EBITDA margin within a range of 6.2% to 6.6%. This represents a meaningful improvement over our baseline pre-pandemic adjusted EBITDA margin of 5.2% reported in fiscal 2019, but lower than fiscal 2021 as the pandemic tailwinds ease and our business begins to normalize. In addition, our adjusted EBITDA margin guidance includes the initial benefits of Elevate, which I will speak to shortly in more detail, as well as contributions from the initial synergies associated with Able Services acquisition.
As we look to fiscal '22 and beyond, we are excited about the topline and bottom line opportunities from Elevate. Our Elevate strategy includes a series of discrete transformational investments that total between $150 million to $175 million. These investments are wide-ranging, from workforce management, to data analytics, to the digitization of platforms that will support employee recruiting, development and retention. In short, we believe Elevate is a game changer. It will allow for the implementation of leading-edge processes, technology and tools that will drive a higher level of substantial financial performance and, at the same time, benefit our team members and clients by providing more digital tools and actionable data to enrich their experiences. Ultimately, Elevate will enable ABM to grow faster and more profitably and provide a higher value proposition for our clients.
By design, the Elevate plan is front-end loaded as we plan to spend approximately $80 million in fiscal 2022 or by approximately $45 million in fiscal '23 and approximately $15 million in each of the following two years. Of the $80 million planned in fiscal 2022, approximately $72 million will be a discrete expense and will be reported as items impacting comparability and as such will not be included in adjusted EPS guidance of $3.30 to $3.55. The balance of approximately $8 million will be included in capital expenditures. The relatively large investment in year one is necessary to meaningfully advance our digital transformation. And with these elements in place by the end of fiscal 2022, we anticipate we can begin to scale the benefits across the organization with lower levels of investments in subsequent years.
Now, to help conceptualize the individual components of the Elevate program, let me categorize the investments over the next four years in three buckets; digital transformation, workplace and people and our go-to-market initiatives. About half of our investments will be focused on digital transformation initiatives as we invest in client-facing technology, data and analytics and our enterprise IT infrastructure. We will make our technology more robust and seamless as we better harness our data to create a competitive advantage while we upgrade and refine our business processes. These enhancements will enable us to engage our clients in new ways, use our data to more effectively drive decision-making and modernize our digital ecosystem.
About 30% of the investments will be allocated toward workforce management and the investment in our people. We will make significant investments in centralized workforce management tools and capabilities, including forecasting and scheduling solutions and standardize task management. These investments will allow us to deploy labor more efficiently and deliver a greater value to our clients. We will invest in on-demand and just-in-time training tools and advanced career development capabilities that will not only improve recruiting and retention, but also position ABM as an employer of choice.
The remaining 20% will be used to fuel our organic growth initiatives and our go-to-market strategies, including investments in centralized platforms to support capabilities such as hyper sales targeting, price optimization and strategic account management. Elevate will drive revenue growth and increased profitability by supporting favorable business mix, increasing client retention, optimizing price escalations and driving cost efficiencies primarily through labor optimization.
Our goal is for Elevate to accelerate our organic revenue growth rate to the mid-single digit range, up approximately 50% versus our previous growth rate with potential upside from additional strategic acquisitions. As revenue growth accelerates, we also anticipate a corresponding and gradual improvement to our adjusted EBITDA margins of approximately 20 basis points annually starting in fiscal 2023.
In summary, we are confident that Elevate will enhance our potential to capture profitable growth. The related investments are expected to generate $110 million to $130 million in incremental adjusted EBITDA on a run rate basis by fiscal 2025, driving a projected internal rate of return of 28%. To put this in perspective, at the conclusion of Elevate in fiscal 2025, we envision ABM will generate annual revenue of approximately $9 billion with a sustainable adjusted EBITDA margin of 7%, representing a significant improvement from our baseline level of $7 billion in revenue with a normalized adjusted EBITDA margin below 6%. We are also targeting annualized free cash flow at a run rate of approximately $400 million by fiscal 2025.
While these financial metrics are compelling, the benefits and strategic value of Elevate go well beyond financial returns. We are confident Elevate will be a transformational initiative, strengthening our competitive position in the facility services industry and creating a more rewarding experience for all of our team members.
So with that, let me pass it back over to Scott, who will close out our presentation and lead us into our Q&A session.
Scott Salmirs -- President and Chief Executive Officer
Thanks, Earl. We couldn't be more excited about our future. Our industry-leading position will be rooted in innovation and technology and enable us to drive significant long-term value for our shareholders. By implementing our new strategic plan, we can ensure growth based on our commitment to transform from a position of strength, leverage our understanding of market trends, optimize the portfolio of services and end markets, innovate in technology and data to modernize service delivery and drive enhanced profitable growth.
Our goal is to be a roughly $9 billion business with [Technical Issues] sustainable adjusted EBITDA margins by the end of 2025. To achieve this and build the capabilities to expand our position in the market, we expect to make investments in areas of the business that Earl just spoke about. These investments will drive improvement across several key metrics.
From a growth perspective, our investments will drive organic growth rates, almost 50% higher than -- approaching 4% annually. When factoring in our M&A strategy, we are targeting an overall compounded annual growth rate of over 10%. The focus on the client experience through investments in customer-facing technology and innovation and a new retention strategy aim to improve our client retention rates to between 92% and 94%. We believe these efforts, along with our strategic account management program, could double cross selling performance by the end of 2025.
Our people initiatives you just heard about will yield lower cost per hire and reduce team member turnover, which translates to operating margin improvement. Our workforce management initiatives has one of the largest paybacks on our Elevate program, resulting in labor productivity, which will show up in higher operating profit at the industry group level. And the impact of the digital transformation will be felt across the entire firm. As you saw, technology and data are key components of our growth strategy, people strategy and how we execute on workforce management. All the improvements that we'll experience throughout Elevate will be supported in some way by the investments we're making in our digital transformation.
Lastly, we'll continue to lean on the protocols that we put in place during the onset of the pandemic. COVID is here to stay in one form or another and the emergence of new variant could be the new normal. At ABM, we are prepared to support our client's ability to stay open, stay safe and be productive.
Before we start our Q&A session, we want to share a few housekeeping items. So hang in there and we'll kick things off shortly. Thank you.
Questions and Answers:
Paul Goldberg -- Senior Vice President, Investor Relations
Welcome back. We will now begin the Q&A portion of our Investor Day. This is Paul Goldberg again and I will serve as moderator. [Operator Instructions]
And with that, our first question of the day comes from Tim Mulrooney of William Blair.
Tim Mulrooney -- William Blair -- Analyst
Good morning. Can you guys hear me OK.
Scott Salmirs -- President and Chief Executive Officer
Perfect, Tim.
Tim Mulrooney -- William Blair -- Analyst
All right, thanks. Really appreciate all the color that you guys gave today, it was very helpful. I was wondering if you could dive in a little bit more on your EnhancedClean services. It wasn't discussed a lot today. But what's built in your guidance basically for 2022 relative to how much revenue that you've made in 2020 and 2021? I know it's coming down, but at the same time more and more contracts I think our integrating this. Would love to hear your thoughts on that.
Scott Salmirs -- President and Chief Executive Officer
Yes, sure. So look, it's still remains vital for us, Tim, and it will be moderating and coming down. We signaled that probably for well over a year as things return to normal, but we have said that we're going to be retaining 50 basis to 70 basis points of COVID benefit in our numbers in 2022. So it's still there. It's just not going to be at the crazy record levels that we saw in 2020 and '21, but it's still baked into our numbers.
Tim Mulrooney -- William Blair -- Analyst
Okay, that's helpful. Thanks, Scott. And I don't know who this should be directed to. But this is for anyone, but would love to hear a little bit more detail about your plans to improve customer retention over the next several years. I thought it was interesting that you're talking about building back to those rates of 92% to 94%, that really caught my hearing. Would love to hear more about that.
Scott Salmirs -- President and Chief Executive Officer
Sure. I'm going to -- I'm going to pass over to Rene, but I will tell you it's a major element in our Elevate program and I think we're going to. Well, I'll let Rene handle it, he is best to answer that.
Rene Jacobsen -- Executive Vice President and Chief Operating Officer
Well, I mean we -- we've certainly been doing well, I would say overall if you look at the industry average. But we definitely want to improve dramatically here and strategic account management is the way to go for us and we've been -- we've been working on this for roughly the last 12 months. Very, very detailed, very focused from the standpoint of looking at our clients, not only from the standpoint of individual IG related, but also looking at how we can basically cross sell into these clients in a bigger way than we're doing today and we've really built a great team in the last year that really works together as a tremendous unit and therefore for us it's all about focus, right? It's all about looking at focus as a key word, everybody knows at ABM. So that's the key for us. So clearly we're improving the program in a big way.
Scott Salmirs -- President and Chief Executive Officer
Yeah, we, for us it's so important to have a team approach and what we're doing around the strategic account management stand up, its a raise point is going to be game changer for us because it's all going to be about finding solutions and remaining stickier.
Rene Jacobsen -- Executive Vice President and Chief Operating Officer
Hey, Scott, if I could ask -- if I could add one thing.
Scott Salmirs -- President and Chief Executive Officer
Sure.
Josh Feinberg -- Executive Vice President and Chief Strategy and Transformation Officer
Part of the Elevate program is focusing on -- specifically focusing on initiatives that drive client retention, to the question. Client facing technology is a great example of that. You saw that in the video and some of the remarks that were made, that is very deliberate, bringing -- some clients have been asking for that as Rene will and the operators will share for years and I think now we're finally delivering on it and it's going to be a real game changer, providing a stickier solution that we have as we provide the client with the data that they need.
Tim Mulrooney -- William Blair -- Analyst
That's a great point, Josh.
Paul Goldberg -- Senior Vice President, Investor Relations
Thank you, Tim. Our next question today comes from Andy Wittmann of RW Baird.
Andrew Wittmann -- Robert W. Baird & Co., Inc. -- Analyst
Yeah. Great. Can you guys hear me OK.
Scott Salmirs -- President and Chief Executive Officer
Go ahead, Andy. Good morning.
Andrew Wittmann -- Robert W. Baird & Co., Inc. -- Analyst
Okay, great. Just wanted to make sure, we've had some technical difficulties this morning. I just wanted to take into the margin that you guys are forecasting here. I heard it two different ways on the conference call. I heard that you're targeting a 7% margin in the out-year at the end of the time planning period here. We also heard that you going to plan on picking up, I think you said 50 -- or keeping 50 basis points to 70 basis points of the margin improvement that you saw during COVID. So, I guess I just wanted to reconcile what the 50 basis points to 70 basis points is based off of? I think as I think back pre COVID, you guys were kind of guiding adjusted EBITDA margins in the low 5s, which would get me something in the high 5s or maybe 6% versus the 7%. So maybe Earl or Scott maybe that one's for you. But could you just clarify kind of the discrepancy there and maybe some of the cadence that you see that on?
Scott Salmirs -- President and Chief Executive Officer
Sure, and I wouldn't say it's really necessarily a discrepancy. What I would say is, I think you outlined it right. Pre COVID, we were at 5.2%. So you tack on to that 50 basis points to 70 basis points just from COVID and then you land somewhere under 6% as kind of the new normal and then you take all the investments in Elevate and everything we're doing and you add another 100 plus basis points and that gets you to the 7% over the elevate period. Does that makes sense.
Andrew Wittmann -- Robert W. Baird & Co., Inc. -- Analyst
Okay, that's, yeah totally makes sense. That's clear. Thank you. And then maybe just -- so the revenue CAGR here is 10% mid-single digit organic, you get about the same amount from M&A. I guess you've already kind of landed half of that $2 billion with Able or a little bit more than half, so you have to find $1 billion of revenue to hit these targets. But I guess with these margin goals that you have outlined and maybe I missed it, but what's the EPS CAGR attached to that revenue plan?
Scott Salmirs -- President and Chief Executive Officer
Earl, you want to try and take that all.
Earl Ellis -- Executive Vice President and Chief Financial Officer
Sure. Yeah, so if you look at what we're going to be driving over the next five years and if you look at what Elevate is driving for, it's about $110 million to $130 million of EBITDA. So really going from EPS starting with this year at 355, over the next four years to five years we're looking at probably roughly, I would say approximately a 40% ish increase over that period of time.
Andrew Wittmann -- Robert W. Baird & Co., Inc. -- Analyst
Got it, OK. If you will, for me, one more. I'll just cleanup of this final question. Scott, over the years we've heard you talk about investments in technology. Certainly, I think we've heard about different payroll time keeping systems and all these things. They all seem to have a new iteration with the Elevate plan, so I don't know if there's a concrete way to answer this or even to ask it. But can you talk about maybe summarize what you've done so far because some of these initiatives have had investments already, so I'm trying to get a sense of how much different the next wave of investments are? If that makes sense.
Scott Salmirs -- President and Chief Executive Officer
Yeah, no, thanks for that, Andy. What I'll do is, why don't I let Josh kick that off and I'm sure he'll have Melanie, have part of that answer as well. But Josh, do you want to take that?
Josh Feinberg -- Executive Vice President and Chief Strategy and Transformation Officer
Yeah, I'm happy to, Scott. So if you think about some of the investments in the past and that predated us a bit -- a couple of us a bit, that was focused mainly on getting the ERP and some of the core financial systems up -- up and running, then COVID hit and we really paused a lot of that. So, the investment now is going to expand on that and continue to do some of those fundamentals. And I think the biggest thing is, expanding to all of those order systems and modernizing workforce management, modernizing the client-facing technology, really trying to make sure that we're at the leading edge. And we are really leading the industry in bringing technology to our teams into our clients. So that's the fundamental difference. We kind of stopped after a short start and now we're expanding it.
But I don't know, Melanie, if there's anything else that you want to add.
Melanie Kirkwood Ruiz -- Chief Information Officer
Sure. I mean, like you said, staying on a leading edge is extremely important. And as you know, technology continues to change. So, we continue to move to more cloud computing platforms that allows us to have the updates and upgrades and stay ahead of technology. And I think that's extremely important to continue.
Paul Goldberg -- Senior Vice President, Investor Relations
Thank you, Andy. Our next question today comes from Tate Sullivan of Maxim.
Tate Sullivan -- Maxim Group -- Analyst
Hi. Thank you, all. Hi, thank you for having me then.
Scott Salmirs -- President and Chief Executive Officer
Good morning.
Tate Sullivan -- Maxim Group -- Analyst
First, on EV charging, if I can start there, you've mentioned some details with your parking customers is what you can bring in terms of electric vehicle charging solutions, starting mostly with parking and then moving to other technical solutions customers or is it broad-based across your customers right now?
Scott Salmirs -- President and Chief Executive Officer
Yeah. I mean -- I'll let Rene give you a little background on that. But I can tell you, we are super excited about EV charging. And it's not just the EV charging stations, it's infrastructure as well. This year, we did somewhere around $50 million in revenue. We can see that doubling next year and then who knows from there. And we've seen some catalysts like Rene with the infrastructure bill as well or it started getting our folks excited, right.
Rene Jacobsen -- Executive Vice President and Chief Operating Officer
Yeah. I mean, in answering your question specifically, I mean, we are seeing really the electrical vehicle service lines really introduced within the ATS side primarily. But we're starting to really shift into the aviation space. We mentioned earlier, the project that we have at Lava LX [Phonetic], and that's a great example of how we're able to cross-sell between several groups, as I alluded to earlier. So we're really seeing great cooperation between ATS and Aviation specifically. So, we're looking at that as kind of the basis and the foundation to be able to look at how we can broaden that out to the other IGs as well. We see great opportunity within B&I specifically relative to EV charging as well. So that's kind of the game plan.
Tate Sullivan -- Maxim Group -- Analyst
Okay, thank you. And would you -- can you quantify now or willing to? I know it's growing from probably a small base. Is it still less than 1% of earnings, 5% or -- I mean, what kind of growth relative to -- are you willing to give any context around the size?
Scott Salmirs -- President and Chief Executive Officer
Yeah. Either way, I would answer that. It's small now, it's emerging, but huge, huge potential. I think, if memory recalls, the infrastructure bill has $7.5 billion targeted to EV charging in many forms. And our pipeline is as big as it's ever been.
Tate Sullivan -- Maxim Group -- Analyst
Thank you. And a separate question. With where you've come in the last two years and it sounds doing more work with Amazon, Google, FedEx, UPS and now following Able acquisition, do you have larger customer concentration? Do you have less -- is customer concentration a good thing with those types of companies? Or how do you look at it strategically, Scott?
Scott Salmirs -- President and Chief Executive Officer
Yeah. So, look, I think it's important to have customer concentration because it's focus and this is something that Rene always talks about, the more we focus the better we do, and we can build teams around those customers. We've had accelerated growth with some of the big names that we've mentioned because we're able to invest in those relationships and build solutions. So we'll continue to do that. But I would also say, we are going to be building business development teams in our new M&D segment to broaden the horizon and grow because there are so many e-commerce and logistic companies that are emerging now and we want to capture them in early stage. So, it's a combination of both.
Tate Sullivan -- Maxim Group -- Analyst
Thank you. And last from me, a quick [Indecipherable]. Scott, you've mentioned, with the fiscal year '25, I think it was related to fiscal year '25 CAGR. What was that referring to specifically?
Scott Salmirs -- President and Chief Executive Officer
Yeah. I think it was up a little bit, but I think you said referring to the CAGR of 10% on growth?
Tate Sullivan -- Maxim Group -- Analyst
Yes.
Scott Salmirs -- President and Chief Executive Officer
Yeah. So, it's a combination of organic, which we said was mid single-digit and also acquisitions. And we're on our way, right, with Able, a $1 billion right in our core highly synergistic that's going to open up geographies for us. The ability to cross-sell is going to be phenomenal. And we've been talking about IFS, which is Integrated Facility Solutions. And what really that means is controlling the facility spend for clients, Able is going to be a great enabler for that. So, for us, it just shows how important it is to have M&A growth and to build and create scale. So, I think, it's a combination of that mid single-digit organic growth and then acquisitions will get us to that 10% CAGR.
Tate Sullivan -- Maxim Group -- Analyst
Thank you, all.
Paul Goldberg -- Senior Vice President, Investor Relations
Thanks, Tate. Your next question today comes from Sean Eastman of KeyBanc.
Sean Eastman -- KeyBanc Capital Markets -- Analyst
Hi, everyone. Thanks for taking my questions. Just going back to Andy's question on the margins, I just wanted to make sure I understand the cadence correctly. So, we're coming down 100 basis points in fiscal '22, that's sort of post-COVID normalization. And then, we're marching up 20 basis points annually from there. In other words, there is going to be no step down in margins in '23. Is that correct?
Earl Ellis -- Executive Vice President and Chief Financial Officer
Yeah, that's absolutely correct. So if you think about where we're starting the year, this year FY '21, it's the 7% margins. And then, going into next year, if you look at our range of 6.2% to 6.6%, the midrange being 6.4%, we're down about 90 basis points. The majority of that decline is really driven by the retrenching, if you will, of the COVID benefits. So, if you think about it, we now actually have a new ground floor for EBITDA margins, which is in the 6%-ish rate, which now allows us to elevate. So, to answer your question directly, we do not see a step down going into FY '23, but yet a 20-basis-point increase year-over-year starting in FY '23.
Scott Salmirs -- President and Chief Executive Officer
Yeah. And you know what I would add to that what I think is so exciting. If you think pre-COVID, when we were in that 5% margin range, we set out an aspirational range of 5.5% to 6%, which everyone was pretty excited about. And if I give context back to 3.8% in 2015 was astronomical in and of itself. And now, to say that the floor is above what our aspirational target was back in 2018-2019, it gets this team pretty energized to think that we're on a path toward 7% and with the possibility of going beyond that.
And the other thing I would say, Sean, is that if you think back to 2020 Vision and we were at 3.8% and we outlined a 100 basis points in growth, I think there were some that were skeptical because we had 15 years of stagnation on margin. We ended up at 140 basis points, not 100. So, we are going into Elevate and outlining approximately 100 basis points. I think you're going to have to give us a couple of years. We're going to see how things unfold. But there is no reason to believe at this point that 7% is an ultimate cap for the firm. It's just -- it's what we have really strong line of sight to right now.
Sean Eastman -- KeyBanc Capital Markets -- Analyst
Okay. That's great context. It seems like the market is telling you that maybe the target doesn't look achievable. And it seems like maybe the biggest concern from the investment community is the labor constraints and whether you see some additional margin drag as it becomes difficult to restaff. I think we saw that in the Education segment this quarter. So, maybe we can just get a little more color on some of the changes around the flexible labor model, just how confident you are in those targets to the extent the labor market doesn't really loosen up that much over the next year or two?
Scott Salmirs -- President and Chief Executive Officer
Sure. And I'll give you my explanation. I'm going to pass it to Raul, who is going to tell you about what we're doing. But I think, let's get some context, right, 50% our labor spend is with unionized labor where they have clear outlined collective bargaining agreements. So we know what those labor rate increases are. And you're starting from a baseline where wages are generally accelerated compared to market and they're getting benefits. So we don't see a lot of turnover. And it's not as hard for us to get unionized labor. So that's half of it, right.
And then the other half is the non-union labor, which is definitely more challenging. But on the other hand, this is something we're really good at, right. And if you think back to 2018 and 2019, I mean I don't think a day went by where the headline wasn't talking about labor challenge, historic labor shortages. So we've been through this before, but we're not resting on our laurels, right. Part of Elevate and part of the investments we're making is to be able to do rapid recruiting. And Raul, why don't you give us some insight on the things that you're working on.
Raul Valentin -- Executive Vice President and Chief Human Resources Officer
Sure. Thank you, Scott. Certainly, it's been a challenging labor market. And as Scott said, we've really been leaning into what we call rapid recruiting program, which has a couple of key tenants. So one is kind of an outreach into the local communities, churches, community centers and other direct reaches to get candidates. The other is a very aggressive campaign and approach for driving social media and really reaching to different pockets in our communities and talent pools that we can draw from. Then in other situations, we're looking in key markets where we might establish brick and mortar, hiring centers, right, in key urban centers. Our distributed workforce means there isn't a silver bullet, but I feel really good about the work the team is doing. We've got a dedicated talent acquisition team that's really driving that forward. And at the same time, we're looking at retention initiatives, making sure our wages are competitive, as Scott said, in other things like driving training, development and career pathing for our team members to drive that retention so that both sides of that equation is being addressed.
Scott Salmirs -- President and Chief Executive Officer
And Rene, I mean, I think you need to give your take on this right, especially on on the customer side, right.
Rene Jacobsen -- Executive Vice President and Chief Operating Officer
Yeah, I mean, we've become very, very disciplined and regimented around escalations and as Scott mentioned, half the business is, I wouldn't say automatic, but it definitely is on the union side an easier process of passing on escalations for clients. It's on the non-union side, certainly that we -- that we see improvement year-over-year and we're really focused on looking at each client on its own. We obviously have to consider the impact this has relative to retention as well. So there is always these trade-offs that we go about looking at each individual client. But you know, we have been quite good at getting escalations to clients and really for us it's something that we have -- we are very bold about. It's something that we have to be very bold about and we are relative to escalations as such.
Scott Salmirs -- President and Chief Executive Officer
Yeah, and what I would add is, Rene is being very humble about this. He is a task masker with our team, right. It's all again about his level of focus and driving those customer increases and we just have this feeling like we're adding value. And when you are adding value and you're doing a good job, you should not be afraid to ask for an increase, especially in this labor market. And Rene has done more than a phenomenal job of capturing those costs. So really enthusiastic about the result we'll get in '22.
Sean Eastman -- KeyBanc Capital Markets -- Analyst
Okay. I appreciate the detailed responses, guys. I'm going to turn it over there.
Scott Salmirs -- President and Chief Executive Officer
Great.
Paul Goldberg -- Senior Vice President, Investor Relations
Thank you. Our next call today comes from David Silver from CL King.
Scott Salmirs -- President and Chief Executive Officer
Good morning, David.
David Silver -- CL King & Associates, Inc. -- Analyst
Good morning. Am I coming through OK.
Scott Salmirs -- President and Chief Executive Officer
Yes, fine.
David Silver -- CL King & Associates, Inc. -- Analyst
Very good. Okay, first I'll just make a comment. I really benefited from the contributions made by the other members of the team that we don't normally hear from. So I thought that was an excellent addition to this presentation.
Scott Salmirs -- President and Chief Executive Officer
Thank you.
David Silver -- CL King & Associates, Inc. -- Analyst
I'm going to start maybe with Scott's comment, right near the end where you said "COVID" is here to stay in one form or another. And I think in a lot of the assumptions underlying the presentations I heard today, there is the expectation that the quantity of the high margin tag work or outside the core contract services were going to moderate as we enter the post pandemic period. And I'm just wondering, but my assumption is that the standard, let's say cleaning contract is going to have to change as well and I think Scott the term you used in the past was embedded, right? So underlying your thinking about how your book of business is going to evolve over the next few years, what are your expectations for that standard cleaning contracts or standard Technical Services contract? How much of the enhanced sanitation in disinfection work that you're now doing outside the standard contract is going to become embedded in maybe a newer evolving contract?
Scott Salmirs -- President and Chief Executive Officer
That's great. So, I think the way you got to think about this David is like cleaner, safer, healthier buildings are here to stay. We see survey upon survey of employees who were talking about the fact that the only way they're willing to come back to work is to have proof by their companies or their landlords that they're going to be in safe healthy spaces and we've put a stake in the ground and it's what you've always asked for, how much of the COVID benefit do you believe you're going to retain and we said 50 basis points to 70 basis points. So we do think a lot of the work orders that we're getting will be embedded into the contracts. But that doesn't mean that there is going to be significant margin deterioration because you have to remember, to do the disinfecting, to do the cleaning that we have to do to combat COVID, more expensive equipment, more expensive PPE, more training, higher value, it gets baked in, but it's going to get baked in at a higher margin rate. So we still believe we're going to keep 50 basis to 70 basis points and it will be the new normal. Think about with Omicron, that's just three or four weeks old in the narrative, how everything is changing already. So there's just no question that safety is going to be paramount.
David Silver -- CL King & Associates, Inc. -- Analyst
Okay, thank you for that. And my next question and I apologize, I'll try to not be so wordy, but I'll probably fail. I mean, it has to do with the IT development. So in your 2020 program, Scott, there was some spending there. But I would say it was more catch up spending, in other words improving your backlog as to where industry standards were. Whereas when I hear a number of the speakers today, the digital transformation is much more moving into the leading edge and becoming a tool to develop revenue streams. So, couple of things. But basically this is a new kind of level of IT spend and a new target goal for your IT program and I'm painting with an unfair brush. Over the last 20 years I've had a number of companies who put in SAP [Phonetic] type systems and they always tend to take too much time, you miss timelines, cost too much, and it usually causes the CEO and the CFO's hair to fallout [Speech Overlap] But in all seriousness, how confident or what, as opposed to what you're trying to do were accomplished with the IT spend, what are the -- what are the controls, what are the stage gate, the valuations that are going to keep that core strategic IT spend and productivity on target?
Scott Salmirs -- President and Chief Executive Officer
Yeah, that's a good question. So first, I would say it starts with having unbelievable leaders leading that program, ones that have done it already, have the playbook and I'm going to pass it off to Josh and Melanie. Maybe Josh you start. But like, I'm going to pass it off to someone who in his career has been involved with many of these and he is going to pass it off to someone who has been involved in many, many of these as well and you may want to talk about the stage gate process a little bit and what that really means because that sounds like maybe jargon [Phonetic] So Josh, why don't you start off.
Josh Feinberg -- Executive Vice President and Chief Strategy and Transformation Officer
Thanks, Scott. Yeah, so the governance of our IT implementation and the Elevate program holistically really has three components to it. The first one is accountability. So every initiative, every piece of the IT implementation, every element has a single management team owner who is also responsible for the delivery. So that -- number one, puts accountability in a singular place. Two, and what Scott was referencing is the stage gate process. No matter what the initiative is, what the IT piece is, it has to go through the stage gate process. And I'll quickly talk talk about it a bit and then I'll pass it to Melanie.
The first one is a business case. There has to be a clear business case for any element of the IT implementation, including in ROI, including the metrics that you want to track. That's number one. If you pass that, then you get the design. Okay, well, what's the design and what is that -- what does that kind of look like and are we comfortable that that has a potential to create the value that we said in the business case. And then third is, let's test it. Let's actually go ahead and test it and see whether not its working, prove some value and only then do we scale it. But at each of those four stages it has to pass a governance process. Where if it doesn't pass, it's out, where we stop and pause and fix it and you get funding along the way. So we feel really, really good about that, that we have it under control. And again, it's not like you're writing a blank check from the beginning and handing it off to someone and see them in a year. It's very incremental and it's very controlled in that manner. So I may have stolen out Melanie's thunder, but I'll pass it to her.
Melanie Kirkwood Ruiz -- Chief Information Officer
Great, thank you, Josh. So, think about it. We have a -- we're going with the phased implementation plan. And the point of that is so that we can mitigate the risk that you're alluding to. And with FAA's implementation plan comes a very detailed roadmap and what we're doing is we're going to have a robust internal tracking system and program management capability that keeps that accountability. It also tracks our success against those milestones that we have planned. So it keeps us on target.
David Silver -- CL King & Associates, Inc. -- Analyst
Okay. Thank you very much. Appreciate it.
Paul Goldberg -- Senior Vice President, Investor Relations
Thank you, David. And next question comes from Marc Riddick of Sidoti.
Scott Salmirs -- President and Chief Executive Officer
Good morning, Marc.
Marc Riddick -- Sidoti -- Analyst
Hi. Good morning, everyone.
Scott Salmirs -- President and Chief Executive Officer
Good morning.
Marc Riddick -- Sidoti -- Analyst
So, first of all, thank you everybody for the part of the presentation. It's very helpful and it's good to hear from everyone. We don't always hear from. So it's certainly beneficial. I wanted to talk a little bit about maybe continuing on the thread a bit. The digital transformation process, I was wondering if you talk a little bit about sort of how you developed that plan, is that something that you did extensively internally? Was that something you've been working with outside partners for? And how should we think about how that plan gets maintained throughout? And then I have a couple of little simpler follow-ups.
Scott Salmirs -- President and Chief Executive Officer
Yes. So why don't I get started on that. Then I'll pass back again to my right. But I would say, a lot of our plan -- and Josh alluded to it a little earlier about how COVID happened and we paused, what do we all see in COVID, right. We saw that we need to figure out how to work in a remote environment, how to communicate in a remote environment. So, so much of what we're doing with the digitization is about communicating with customers digitally, the client-facing technology that we spoke about. How do you get your clients information in a remote format? How do you work -- And Josh definitely should touch on workforce management. How do you work with your team members in a remote environment? And so, it started with the societal trends that Josh talked about in his prepared remarks.
But with that, let me kick it over to Josh.
Josh Feinberg -- Executive Vice President and Chief Strategy and Transformation Officer
Yeah. Thanks, Scott. And I think it's important just to answer the question very directly, how did it come about? How did digitization come about? The whole Elevate program came about with four inputs. And it was really from listening and analyzing the market trends, digitization and mobility is one that was screaming out at us what the client needs are and how we're going to satisfy those -- the team member needs and then the economics across it all. So what that generated then was this focus on client experience, team member experience and then powering both of those with data and analytics. That's where the digitization comes in.
A core tenant of Elevate from that third pillar is to make digitization a competitive advantage. That's number one. Number two is, it's happening today. You see it today, it's just not happening on scale. We have the opportunity to make it happen on scale because of our footprint. We have the largest footprint in buildings across the US and we have the opportunity to do this at scale. Number three is, there is an infinite amount of data that we can collect from buildings. They come in from the equipment. It comes in from the people that are in the buildings, from the team members, from the clients, etc, there is an infinite amount of data that can be done. And then, to Scott's point, it's where do you use that data. So how do you use that data for workforce management in particularly to make sure that our people are operating most efficiently and effectively with the information that's being provided to make sure our clients have what they need to manage the building.
So, we're very specifically focused on creating value, whether it be in the P&L or in more leading metrics like client retention that's going to start to generate some more other growth. But if that's where the digitization comes in and we really feel like this is the core tenant to support the team member experience and the client experience and create that competitive advantage.
Scott Salmirs -- President and Chief Executive Officer
One of the things that I really like to talk about that excites me and I think would resonate with you is understanding the fact that our frontline workers won't be mobily enabled. And so, here's here's the picture I want to pay for you. Our workers on mobily enabled, we have sensors in a building and a cleaner is walking by a conference from and sees on their mobile device that conference room wasn't used today, you can pass by, right. Whereas normally they wouldn't know that and they spend 10 minutes cleaning the conference room.
So what that does is, first, it makes us more efficient and ultimately save on labor costs because they'll be able to do more; and two, this enriches our clients with data because all of a sudden they start learning about their facilities and start asking questions. Why is that conference room not being used as much? Oh, it's a 10-person conference room. It seems like the four-person conference rooms are being used more. So that's -- this is a simple way for you to understand about how we can provide such value for our clients by putting systems like this in place and think about how sticky we get with our clients if we're providing this rich data. It's going to be brilliant. We're very excited about it.
Marc Riddick -- Sidoti -- Analyst
Great. And so, there is a bunch of different directions I could go in, but I'll be a little more specific on this part. I think it is part of the prepared remarks, there was a commentary around building development teams -- business development team within the manufacturing and distribution area. And I was wondering if there -- if you could give a little commentary on that as well as if there are other areas that are targeted or prioritized for hiring both maybe above company average? Thanks.
Scott Salmirs -- President and Chief Executive Officer
Sure. When it comes to manufacturing and distribution, I'll pass it off to Rene. But one of the elements of Elevate is hyper targeting and how we're going to focus on where to grow and how to grow and adding business development folks. But maybe you want to talk a little about M&D, because I know you're super excited about that industry group.
Rene Jacobsen -- Executive Vice President and Chief Operating Officer
Yeah. I mean, as I alluded to earlier today, I mean, there is a 1 billion square feet of space coming on to meet the needs of the clients within the retail distribution side. So there is the huge market coming and we wanted to kind of take advantage of refocusing our attention to retail distribution. And that was really the premise for changing from a T&M perspective to M&D with the anchor around retail distribution. And with the high growth clients we already have, Amazon, UPS, Walmart, etc, there is tremendous opportunity still to be had within that space. And really for us, you hear the word all the time, it's about focus. We know focus creates results here. So, it's a key one for us to really tap into. And what we also did was, we just -- we're building the M&D business around the big clients. We're looking at only big clients to be serviced through that and we're using the branch network system within B&I to capture the small to medium size. And there's efficiencies there as well.
So, the M&D story for us as we grow the business through the end of Elevate, this will be, apart from ATS, we expect this to be a high growth IG, probably the highest aside from ATS.
Paul Goldberg -- Senior Vice President, Investor Relations
Great. Thank you, Marc. And today's last question comes via the platform and it was typed in. And the question is, has anything changed with regard to ABM's capital allocation strategy and the way you think about dividends and share repurchases?
Scott Salmirs -- President and Chief Executive Officer
Yeah, I'll take that one. And thanks for the question. So, the good news is, our capital allocation strategy remains the same and is really hinged on investing in organic growth. And if you look at Elevate, that's a great example of us, being able to allocate capital in a way that drives not only top-line growth, but also bottom line profitability. At the same time, we've talked about Elevate also including M&A opportunities. So we will continue to look at opportunities to acquire value assets that will contribute to our long-term growth opportunities and at the same time embellish our profitability.
When we look at the opportunities to allocate capital back to our investors, we just announced a 2.6% increase in our dividend. And so, we will continue to fund our long-standing dividend program. And as you know, we currently have Board authorization for about $145 million of share buybacks. Share buybacks has been something we've done in the past and will continue to be part of our playbook. So that's a tool that we will continue to look at on a month-to-month basis. So, the good news is that with our strong cash flow and relatively low leverage, it gives us a lot of flexibility
[Ends Abruptly]
Duration: 128 minutes
Call participants:
Paul Goldberg -- Senior Vice President, Investor Relations
Scott Salmirs -- President and Chief Executive Officer
Earl Ellis -- Executive Vice President and Chief Financial Officer
Josh Feinberg -- Executive Vice President and Chief Strategy and Transformation Officer
Rene Jacobsen -- Executive Vice President and Chief Operating Officer
Raul Valentin -- Executive Vice President and Chief Human Resources Officer
Melanie Kirkwood Ruiz -- Chief Information Officer
Tim Mulrooney -- William Blair -- Analyst
Andrew Wittmann -- Robert W. Baird & Co., Inc. -- Analyst
Tate Sullivan -- Maxim Group -- Analyst
Sean Eastman -- KeyBanc Capital Markets -- Analyst
David Silver -- CL King & Associates, Inc. -- Analyst
Marc Riddick -- Sidoti -- Analyst
More ABM analysis
All earnings call transcripts
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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 (NYSE: ABM) Q4 2021 Earnings Call Dec 15, 2021, 8:30 a.m. A copy of this release and an accompanying slide presentation can be found on our website abm.com. 10 stocks we like better than ABM Industries When our award-winning analyst team has a stock tip, it can pay to listen. | So, the good news is that with our strong cash flow and relatively low leverage, it gives us a lot of flexibility [Ends Abruptly] Duration: 128 minutes Call participants: Paul Goldberg -- Senior Vice President, Investor Relations Scott Salmirs -- President and Chief Executive Officer Earl Ellis -- Executive Vice President and Chief Financial Officer Josh Feinberg -- Executive Vice President and Chief Strategy and Transformation Officer Rene Jacobsen -- Executive Vice President and Chief Operating Officer Raul Valentin -- Executive Vice President and Chief Human Resources Officer Melanie Kirkwood Ruiz -- Chief Information Officer Tim Mulrooney -- William Blair -- Analyst Andrew Wittmann -- Robert W. Baird & Co., Inc. -- Analyst Tate Sullivan -- Maxim Group -- Analyst Sean Eastman -- KeyBanc Capital Markets -- Analyst David Silver -- CL King & Associates, Inc. -- Analyst Marc Riddick -- Sidoti -- Analyst More ABM analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. ABM Industries Inc (NYSE: ABM) Q4 2021 Earnings Call Dec 15, 2021, 8:30 a.m. A copy of this release and an accompanying slide presentation can be found on our website abm.com. | It will also leverage ABM's scale to drive service excellence, increasing density and proximity of support to all of our technology, manufacturing and distribution clients as well as position M&D for innovation and growth by putting our best operation around each client and focusing on large specialized client sites to give us a better chance to expand multiple service offerings to these accounts. So, the good news is that with our strong cash flow and relatively low leverage, it gives us a lot of flexibility [Ends Abruptly] Duration: 128 minutes Call participants: Paul Goldberg -- Senior Vice President, Investor Relations Scott Salmirs -- President and Chief Executive Officer Earl Ellis -- Executive Vice President and Chief Financial Officer Josh Feinberg -- Executive Vice President and Chief Strategy and Transformation Officer Rene Jacobsen -- Executive Vice President and Chief Operating Officer Raul Valentin -- Executive Vice President and Chief Human Resources Officer Melanie Kirkwood Ruiz -- Chief Information Officer Tim Mulrooney -- William Blair -- Analyst Andrew Wittmann -- Robert W. Baird & Co., Inc. -- Analyst Tate Sullivan -- Maxim Group -- Analyst Sean Eastman -- KeyBanc Capital Markets -- Analyst David Silver -- CL King & Associates, Inc. -- Analyst Marc Riddick -- Sidoti -- Analyst More ABM analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. ABM Industries Inc (NYSE: ABM) Q4 2021 Earnings Call Dec 15, 2021, 8:30 a.m. | So, the good news is that with our strong cash flow and relatively low leverage, it gives us a lot of flexibility [Ends Abruptly] Duration: 128 minutes Call participants: Paul Goldberg -- Senior Vice President, Investor Relations Scott Salmirs -- President and Chief Executive Officer Earl Ellis -- Executive Vice President and Chief Financial Officer Josh Feinberg -- Executive Vice President and Chief Strategy and Transformation Officer Rene Jacobsen -- Executive Vice President and Chief Operating Officer Raul Valentin -- Executive Vice President and Chief Human Resources Officer Melanie Kirkwood Ruiz -- Chief Information Officer Tim Mulrooney -- William Blair -- Analyst Andrew Wittmann -- Robert W. Baird & Co., Inc. -- Analyst Tate Sullivan -- Maxim Group -- Analyst Sean Eastman -- KeyBanc Capital Markets -- Analyst David Silver -- CL King & Associates, Inc. -- Analyst Marc Riddick -- Sidoti -- Analyst More ABM analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. ABM Industries Inc (NYSE: ABM) Q4 2021 Earnings Call Dec 15, 2021, 8:30 a.m. A copy of this release and an accompanying slide presentation can be found on our website abm.com. |
29296.0 | 2021-12-14 00:00:00 UTC | Pre-Market Earnings Report for December 15, 2021 : TTC, ABM, REVG | ABM | https://www.nasdaq.com/articles/pre-market-earnings-report-for-december-15-2021-%3A-ttc-abm-revg | nan | nan | The following companies are expected to report earnings prior to market open on 12/15/2021. Visit our Earnings Calendar for a full list of expected earnings releases.
Toro Company (TTC)is reporting for the quarter ending October 31, 2021. The tools company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.55. This value represents a 14.06% decrease compared to the same quarter last year. In the past year TTC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 21.05%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for TTC is 27.27 vs. an industry ratio of 20.20, 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 October 31, 2021. The building maintenance & services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.80. This value represents a 15.94% increase compared to the same quarter last year. ABM missed the consensus earnings per share in the 4th calendar quarter of 2020 by -4.17%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ABM is 12.96 vs. an industry ratio of 23.70.
REV Group, Inc. (REVG)is reporting for the quarter ending October 31, 2021. The transportation services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.26. This value represents a 44.44% increase compared to the same quarter last year. In the past year REVG has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 20%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for REVG is 14.61 vs. an industry ratio of -6.70, 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 October 31, 2021. ABM missed the consensus earnings per share in the 4th calendar quarter of 2020 by -4.17%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ABM is 12.96 vs. an industry ratio of 23.70. | Zacks Investment Research reports that the 2021 Price to Earnings ratio for ABM is 12.96 vs. an industry ratio of 23.70. ABM Industries Incorporated (ABM)is reporting for the quarter ending October 31, 2021. ABM missed the consensus earnings per share in the 4th calendar quarter of 2020 by -4.17%. | ABM missed the consensus earnings per share in the 4th calendar quarter of 2020 by -4.17%. ABM Industries Incorporated (ABM)is reporting for the quarter ending October 31, 2021. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ABM is 12.96 vs. an industry ratio of 23.70. | ABM missed the consensus earnings per share in the 4th calendar quarter of 2020 by -4.17%. ABM Industries Incorporated (ABM)is reporting for the quarter ending October 31, 2021. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ABM is 12.96 vs. an industry ratio of 23.70. |
29297.0 | 2021-12-12 00:00:00 UTC | At US$45.58, Is ABM Industries Incorporated (NYSE:ABM) Worth Looking At Closely? | ABM | https://www.nasdaq.com/articles/at-us%2445.58-is-abm-industries-incorporated-nyse%3Aabm-worth-looking-at-closely | nan | nan | While ABM Industries Incorporated (NYSE:ABM) might not be the most widely known stock at the moment, it saw significant share price movement during recent months on the NYSE, rising to highs of US$48.87 and falling to the lows of US$43.10. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether ABM Industries' current trading price of US$45.58 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at ABM Industries’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
Is ABM Industries still cheap?
Good news, investors! ABM Industries is still a bargain right now. My valuation model shows that the intrinsic value for the stock is $64.22, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. However, given that ABM Industries’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
What kind of growth will ABM Industries generate?
NYSE:ABM Earnings and Revenue Growth December 12th 2021
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. ABM Industries' earnings over the next few years are expected to increase by 80%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
What this means for you:
Are you a shareholder? Since ABM is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation.
Are you a potential investor? If you’ve been keeping an eye on ABM for a while, now might be the time to enter the stock. Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy ABM. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed investment decision.
Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. In terms of investment risks, we've identified 2 warning signs with ABM Industries, and understanding these should be part of your investment process.
If you are no longer interested in ABM Industries, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A question to answer is whether ABM Industries' current trading price of US$45.58 reflective of the actual value of the mid-cap? Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy ABM. While ABM Industries Incorporated (NYSE:ABM) might not be the most widely known stock at the moment, it saw significant share price movement during recent months on the NYSE, rising to highs of US$48.87 and falling to the lows of US$43.10. | Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy ABM. While ABM Industries Incorporated (NYSE:ABM) might not be the most widely known stock at the moment, it saw significant share price movement during recent months on the NYSE, rising to highs of US$48.87 and falling to the lows of US$43.10. A question to answer is whether ABM Industries' current trading price of US$45.58 reflective of the actual value of the mid-cap? | While ABM Industries Incorporated (NYSE:ABM) might not be the most widely known stock at the moment, it saw significant share price movement during recent months on the NYSE, rising to highs of US$48.87 and falling to the lows of US$43.10. However, given that ABM Industries’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. A question to answer is whether ABM Industries' current trading price of US$45.58 reflective of the actual value of the mid-cap? | Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy ABM. While ABM Industries Incorporated (NYSE:ABM) might not be the most widely known stock at the moment, it saw significant share price movement during recent months on the NYSE, rising to highs of US$48.87 and falling to the lows of US$43.10. A question to answer is whether ABM Industries' current trading price of US$45.58 reflective of the actual value of the mid-cap? |
29298.0 | 2021-11-24 00:00:00 UTC | Look Under The Hood: IJR Has 13% Upside | ABM | https://www.nasdaq.com/articles/look-under-the-hood%3A-ijr-has-13-upside | 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 iShares Core S&P Small-Cap ETF (Symbol: IJR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $133.22 per unit.
With IJR trading at a recent price near $117.83 per unit, that means that analysts see 13.06% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IJR's underlying holdings with notable upside to their analyst target prices are AdvanSix Inc (Symbol: ASIX), Winnebago Industries, Inc. (Symbol: WGO), and ABM Industries, Inc. (Symbol: ABM). Although ASIX has traded at a recent price of $48.75/share, the average analyst target is 18.97% higher at $58.00/share. Similarly, WGO has 18.49% upside from the recent share price of $73.18 if the average analyst target price of $86.71/share is reached, and analysts on average are expecting ABM to reach a target price of $57.67/share, which is 18.10% above the recent price of $48.83. Below is a twelve month price history chart comparing the stock performance of ASIX, WGO, 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
iShares Core S&P Small-Cap ETF IJR $117.83 $133.22 13.06%
AdvanSix Inc ASIX $48.75 $58.00 18.97%
Winnebago Industries, Inc. WGO $73.18 $86.71 18.49%
ABM Industries, Inc. ABM $48.83 $57.67 18.10%
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.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | iShares Core S&P Small-Cap ETF IJR $117.83 $133.22 13.06% AdvanSix Inc ASIX $48.75 $58.00 18.97% Winnebago Industries, Inc. WGO $73.18 $86.71 18.49% ABM Industries, Inc. ABM $48.83 $57.67 18.10% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IJR's underlying holdings with notable upside to their analyst target prices are AdvanSix Inc (Symbol: ASIX), Winnebago Industries, Inc. (Symbol: WGO), and ABM Industries, Inc. (Symbol: ABM). Similarly, WGO has 18.49% upside from the recent share price of $73.18 if the average analyst target price of $86.71/share is reached, and analysts on average are expecting ABM to reach a target price of $57.67/share, which is 18.10% above the recent price of $48.83. | Three of IJR's underlying holdings with notable upside to their analyst target prices are AdvanSix Inc (Symbol: ASIX), Winnebago Industries, Inc. (Symbol: WGO), and ABM Industries, Inc. (Symbol: ABM). Similarly, WGO has 18.49% upside from the recent share price of $73.18 if the average analyst target price of $86.71/share is reached, and analysts on average are expecting ABM to reach a target price of $57.67/share, which is 18.10% above the recent price of $48.83. iShares Core S&P Small-Cap ETF IJR $117.83 $133.22 13.06% AdvanSix Inc ASIX $48.75 $58.00 18.97% Winnebago Industries, Inc. WGO $73.18 $86.71 18.49% ABM Industries, Inc. ABM $48.83 $57.67 18.10% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, WGO has 18.49% upside from the recent share price of $73.18 if the average analyst target price of $86.71/share is reached, and analysts on average are expecting ABM to reach a target price of $57.67/share, which is 18.10% above the recent price of $48.83. Three of IJR's underlying holdings with notable upside to their analyst target prices are AdvanSix Inc (Symbol: ASIX), Winnebago Industries, Inc. (Symbol: WGO), and ABM Industries, Inc. (Symbol: ABM). Below is a twelve month price history chart comparing the stock performance of ASIX, WGO, and ABM: Below is a summary table of the current analyst target prices discussed above: | iShares Core S&P Small-Cap ETF IJR $117.83 $133.22 13.06% AdvanSix Inc ASIX $48.75 $58.00 18.97% Winnebago Industries, Inc. WGO $73.18 $86.71 18.49% ABM Industries, Inc. ABM $48.83 $57.67 18.10% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IJR's underlying holdings with notable upside to their analyst target prices are AdvanSix Inc (Symbol: ASIX), Winnebago Industries, Inc. (Symbol: WGO), and ABM Industries, Inc. (Symbol: ABM). Similarly, WGO has 18.49% upside from the recent share price of $73.18 if the average analyst target price of $86.71/share is reached, and analysts on average are expecting ABM to reach a target price of $57.67/share, which is 18.10% above the recent price of $48.83. |
29299.0 | 2021-11-06 00:00:00 UTC | ABM Industries (NYSE:ABM) jumps 9.1% this week, though earnings growth is still tracking behind three-year shareholder returns | ABM | https://www.nasdaq.com/articles/abm-industries-nyse%3Aabm-jumps-9.1-this-week-though-earnings-growth-is-still-tracking | nan | nan | Investors can buy low cost index fund if they want to receive the average market return. But if you invest in individual stocks, some are likely to underperform. For example, the ABM Industries Incorporated (NYSE:ABM) share price return of 50% over three years lags the market return in the same period. Some buyers are laughing, though, with an increase of 30% in the last year.
On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
ABM Industries became profitable within the last three years. That would generally be considered a positive, so we'd expect the share price to be up.
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
NYSE:ABM Earnings Per Share Growth November 6th 2021
We know that ABM Industries has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts.
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of ABM Industries, it has a TSR of 60% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
A Different Perspective
ABM Industries provided a TSR of 33% over the year (including dividends). That's fairly close to the broader market return. Most would be happy with a gain, and it helps that the year's return is actually better than the average return over five years, which was 5%. Even if the share price growth slows down from here, there's a good chance that this is business worth watching in the long term. It's always interesting to track share price performance over the longer term. But to understand ABM Industries better, we need to consider many other factors. For instance, we've identified 3 warning signs for ABM Industries that you should be aware of.
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For example, the ABM Industries Incorporated (NYSE:ABM) share price return of 50% over three years lags the market return in the same period. ABM Industries became profitable within the last three years. NYSE:ABM Earnings Per Share Growth November 6th 2021 We know that ABM Industries has improved its bottom line lately, but is it going to grow revenue? | For example, the ABM Industries Incorporated (NYSE:ABM) share price return of 50% over three years lags the market return in the same period. ABM Industries became profitable within the last three years. NYSE:ABM Earnings Per Share Growth November 6th 2021 We know that ABM Industries has improved its bottom line lately, but is it going to grow revenue? | For example, the ABM Industries Incorporated (NYSE:ABM) share price return of 50% over three years lags the market return in the same period. ABM Industries became profitable within the last three years. NYSE:ABM Earnings Per Share Growth November 6th 2021 We know that ABM Industries has improved its bottom line lately, but is it going to grow revenue? | For example, the ABM Industries Incorporated (NYSE:ABM) share price return of 50% over three years lags the market return in the same period. A Different Perspective ABM Industries provided a TSR of 33% over the year (including dividends). ABM Industries became profitable within the last three years. |
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