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29400.0 | 2019-01-17 00:00:00 UTC | ABM Industries (ABM) to Offer Custodial Services to CCSD | ABM | https://www.nasdaq.com/articles/abm-industries-abm-to-offer-custodial-services-to-ccsd-2019-01-17 | nan | nan | ABM Industries IncorporatedABM recently partnered with Cherokee County School District (CCSD) to offer custodial services to CCSD's 42 schools and ancillary facilities.
CCSD is Georgia's 9th largest school system and the recipient of many prestigious state and national recognitions and accreditations in the United States.
The ABM Education team is engaged in providing day and night custodial services for the school district's 5.1 million-square-feet-of-space, which is used by nearly 4,800 teachers and staff and 42,000 students throughout the year.
The collaboration with CCSD expands ABM Industries' footprint in Georgia.
Trey Brock, senior vice president of operations, ABM Education, stated, "ABM is excited to partner with CCSD to positively impact the learning environment by ensuring clean, attractive and healthy facilities. Our goal is to build value for CCSD, while enabling teachers and staff to concentrate on what they do best - educate young minds."
Shares of ABM Industries have declined 9.5% in the past year compared with 1.1% fall of the industry it belongs to.
Our Take
The partnership is likely to help ABM Industries boost its Education segment, which delivers janitorial, custodial, landscaping and grounds, facilities engineering and parking services for public school districts, private schools, colleges and universities.
Performance of the segment was strong in the las t report ed quarter with revenues improving 30.8% year over year. The segment also recorded $51.6 million revenues from the GCA acquisition in fourth-quarter fiscal 2018. With 13% contribution to ABM Industries' revenues in fourth-quarter fiscal 2018, the segment emerged as the third-largest contributor.
Zacks Rank & Stocks to Consider
ABM Industries carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
A few better-ranked stocks in the broader Zacks Business Services sector include Booz Allen Hamilton BAH , Republic Services RSG and Waste Connections WCN . While Booz Allen Hamilton sports a Zacks Rank #1, Republic Services and Waste Connections carry a Zacks Rank #2 (Buy).
Long-term expected EPS (three to five years) growth rate for Booz Allen Hamilton, Republic Services and Waste Connections is 14.4%, 10.7% and 11.7%, respectively.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The ABM Education team is engaged in providing day and night custodial services for the school district's 5.1 million-square-feet-of-space, which is used by nearly 4,800 teachers and staff and 42,000 students throughout the year. ABM Industries IncorporatedABM recently partnered with Cherokee County School District (CCSD) to offer custodial services to CCSD's 42 schools and ancillary facilities. The collaboration with CCSD expands ABM Industries' footprint in Georgia. | Click to get this free report ABM Industries Incorporated (ABM): Get Free Report Booz Allen Hamilton Holding Corporation (BAH): Get Free Report Republic Services, Inc. (RSG): Free Stock Analysis Report Waste Connections, Inc. (WCN): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM recently partnered with Cherokee County School District (CCSD) to offer custodial services to CCSD's 42 schools and ancillary facilities. The ABM Education team is engaged in providing day and night custodial services for the school district's 5.1 million-square-feet-of-space, which is used by nearly 4,800 teachers and staff and 42,000 students throughout the year. | ABM Industries IncorporatedABM recently partnered with Cherokee County School District (CCSD) to offer custodial services to CCSD's 42 schools and ancillary facilities. Zacks Rank & Stocks to Consider ABM Industries carries a Zacks Rank #3 (Hold). Click to get this free report ABM Industries Incorporated (ABM): Get Free Report Booz Allen Hamilton Holding Corporation (BAH): Get Free Report Republic Services, Inc. (RSG): Free Stock Analysis Report Waste Connections, Inc. (WCN): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries IncorporatedABM recently partnered with Cherokee County School District (CCSD) to offer custodial services to CCSD's 42 schools and ancillary facilities. The ABM Education team is engaged in providing day and night custodial services for the school district's 5.1 million-square-feet-of-space, which is used by nearly 4,800 teachers and staff and 42,000 students throughout the year. The collaboration with CCSD expands ABM Industries' footprint in Georgia. |
29401.0 | 2019-01-03 00:00:00 UTC | Analysts Anticipate 19% Upside For The Holdings of PFM | ABM | https://www.nasdaq.com/articles/analysts-anticipate-19-upside-holdings-pfm-2019-01-03 | 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 Invesco Dividend Achievers ETF (Symbol: PFM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $29.22 per unit.
With PFM trading at a recent price near $24.62 per unit, that means that analysts see 18.65% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PFM's underlying holdings with notable upside to their analyst target prices are Archer Daniels Midland Co. (Symbol: ADM), ABM Industries, Inc. (Symbol: ABM), and Buckeye Partners LP (Symbol: BPL). Although ADM has traded at a recent price of $40.95/share, the average analyst target is 29.08% higher at $52.86/share. Similarly, ABM has 24.68% upside from the recent share price of $31.28 if the average analyst target price of $39.00/share is reached, and analysts on average are expecting BPL to reach a target price of $37.00/share, which is 24.12% above the recent price of $29.81. Below is a twelve month price history chart comparing the stock performance of ADM, ABM, and BPL:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Below is a twelve month price history chart comparing the stock performance of ADM, ABM, and BPL: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PFM's underlying holdings with notable upside to their analyst target prices are Archer Daniels Midland Co. (Symbol: ADM), ABM Industries, Inc. (Symbol: ABM), and Buckeye Partners LP (Symbol: BPL). Similarly, ABM has 24.68% upside from the recent share price of $31.28 if the average analyst target price of $39.00/share is reached, and analysts on average are expecting BPL to reach a target price of $37.00/share, which is 24.12% above the recent price of $29.81. | Three of PFM's underlying holdings with notable upside to their analyst target prices are Archer Daniels Midland Co. (Symbol: ADM), ABM Industries, Inc. (Symbol: ABM), and Buckeye Partners LP (Symbol: BPL). Similarly, ABM has 24.68% upside from the recent share price of $31.28 if the average analyst target price of $39.00/share is reached, and analysts on average are expecting BPL to reach a target price of $37.00/share, which is 24.12% above the recent price of $29.81. Below is a twelve month price history chart comparing the stock performance of ADM, ABM, and BPL: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, ABM has 24.68% upside from the recent share price of $31.28 if the average analyst target price of $39.00/share is reached, and analysts on average are expecting BPL to reach a target price of $37.00/share, which is 24.12% above the recent price of $29.81. Below is a twelve month price history chart comparing the stock performance of ADM, ABM, and BPL: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PFM's underlying holdings with notable upside to their analyst target prices are Archer Daniels Midland Co. (Symbol: ADM), ABM Industries, Inc. (Symbol: ABM), and Buckeye Partners LP (Symbol: BPL). | Similarly, ABM has 24.68% upside from the recent share price of $31.28 if the average analyst target price of $39.00/share is reached, and analysts on average are expecting BPL to reach a target price of $37.00/share, which is 24.12% above the recent price of $29.81. Three of PFM's underlying holdings with notable upside to their analyst target prices are Archer Daniels Midland Co. (Symbol: ADM), ABM Industries, Inc. (Symbol: ABM), and Buckeye Partners LP (Symbol: BPL). Below is a twelve month price history chart comparing the stock performance of ADM, ABM, and BPL: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? |
29402.0 | 2018-12-31 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for January 02, 2019 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-january-02-2019-2018-12-31 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on January 02, 2019. A cash dividend payment of $0.18 per share is scheduled to be paid on February 04, 2019. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2.86% increase over prior dividend payment.
The previous trading day's last sale of ABM was $31.09, representing a -22.28% decrease from the 52 week high of $40 and a 21.26% increase over the 52 week low of $25.64.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and Rollins, Inc. ( ROL ). ABM's current earnings per share, an indicator of a company's profitability, is $1.48. Zacks Investment Research reports ABM's forecasted earnings growth in 2019 as 4.23%, compared to an industry average of 9.7%.
For more information on the declaration, record and payment dates, visit the ABM Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABM through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABM as a top-10 holding:
iShares S&P SmallCap 600 Value ETF ( IJS )
Inspire Small/Mid Cap Impact ETF ( ISMD )
Invesco S&P SmallCap 600 Equal Weight ETF ( EWSC ).
The top-performing ETF of this group is IJS with an decrease of -22.08% over the last 100 days. It also has the highest percent weighting of ABM at 0.64%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and Rollins, Inc. ( ROL ). Zacks Investment Research reports ABM's forecasted earnings growth in 2019 as 4.23%, compared to an industry average of 9.7%. | 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 ) will begin trading ex-dividend on January 02, 2019. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on January 02, 2019. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: iShares S&P SmallCap 600 Value ETF ( IJS ) Inspire Small/Mid Cap Impact ETF ( ISMD ) Invesco S&P SmallCap 600 Equal Weight ETF ( EWSC ). | Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: iShares S&P SmallCap 600 Value ETF ( IJS ) Inspire Small/Mid Cap Impact ETF ( ISMD ) Invesco S&P SmallCap 600 Equal Weight ETF ( EWSC ). ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on January 02, 2019. |
29403.0 | 2018-12-31 00:00:00 UTC | Ex-Dividend Reminder: Mack Cali Realty Corp, Raymond James Financial and ABM Industries | ABM | https://www.nasdaq.com/articles/ex-dividend-reminder-mack-cali-realty-corp-raymond-james-financial-and-abm-industries-2018 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 1/2/19, Mack Cali Realty Corp (Symbol: CLI), Raymond James Financial Inc (Symbol: RJF), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Mack Cali Realty Corp will pay its quarterly dividend of $0.20 on 1/11/19, Raymond James Financial Inc will pay its quarterly dividend of $0.34 on 1/17/19, and ABM Industries, Inc. will pay its quarterly dividend of $0.18 on 2/4/19. As a percentage of CLI's recent stock price of $19.35, this dividend works out to approximately 1.03%, so look for shares of Mack Cali Realty Corp to trade 1.03% lower - all else being equal - when CLI shares open for trading on 1/2/19. Similarly, investors should look for RJF to open 0.46% lower in price and for ABM to open 0.57% lower, all else being equal.
Below are dividend history charts for CLI, RJF, and ABM, showing historical dividends prior to the most recent ones declared.
Mack Cali Realty Corp (Symbol: CLI) :
Raymond James Financial Inc (Symbol: RJF) :
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 4.13% for Mack Cali Realty Corp, 1.82% for Raymond James Financial Inc, and 2.27% for ABM Industries, Inc..
In Monday trading, Mack Cali Realty Corp shares are currently up about 0.2%, Raymond James Financial Inc shares are up about 1.2%, and ABM Industries, Inc. shares are up about 1.9% 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.
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 4.13% for Mack Cali Realty Corp, 1.82% for Raymond James Financial Inc, and 2.27% for ABM Industries, Inc.. Looking at the universe of stocks we cover at Dividend Channel , on 1/2/19, Mack Cali Realty Corp (Symbol: CLI), Raymond James Financial Inc (Symbol: RJF), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Mack Cali Realty Corp will pay its quarterly dividend of $0.20 on 1/11/19, Raymond James Financial Inc will pay its quarterly dividend of $0.34 on 1/17/19, and ABM Industries, Inc. will pay its quarterly dividend of $0.18 on 2/4/19. | Looking at the universe of stocks we cover at Dividend Channel , on 1/2/19, Mack Cali Realty Corp (Symbol: CLI), Raymond James Financial Inc (Symbol: RJF), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Mack Cali Realty Corp will pay its quarterly dividend of $0.20 on 1/11/19, Raymond James Financial Inc will pay its quarterly dividend of $0.34 on 1/17/19, and ABM Industries, Inc. will pay its quarterly dividend of $0.18 on 2/4/19. Mack Cali Realty Corp (Symbol: CLI) : Raymond James Financial Inc (Symbol: RJF) : 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 1/2/19, Mack Cali Realty Corp (Symbol: CLI), Raymond James Financial Inc (Symbol: RJF), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Mack Cali Realty Corp will pay its quarterly dividend of $0.20 on 1/11/19, Raymond James Financial Inc will pay its quarterly dividend of $0.34 on 1/17/19, and ABM Industries, Inc. will pay its quarterly dividend of $0.18 on 2/4/19. Mack Cali Realty Corp (Symbol: CLI) : Raymond James Financial Inc (Symbol: RJF) : 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 4.13% for Mack Cali Realty Corp, 1.82% for Raymond James Financial Inc, and 2.27% for ABM Industries, Inc.. Looking at the universe of stocks we cover at Dividend Channel , on 1/2/19, Mack Cali Realty Corp (Symbol: CLI), Raymond James Financial Inc (Symbol: RJF), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Mack Cali Realty Corp will pay its quarterly dividend of $0.20 on 1/11/19, Raymond James Financial Inc will pay its quarterly dividend of $0.34 on 1/17/19, and ABM Industries, Inc. will pay its quarterly dividend of $0.18 on 2/4/19. |
29404.0 | 2018-12-28 00:00:00 UTC | ABM Industries Rides on Strategic Buyouts Amid High Costs | ABM | https://www.nasdaq.com/articles/abm-industries-rides-on-strategic-buyouts-amid-high-costs-2018-12-28 | nan | nan | Shares of ABM Industries IncorporatedABM have gained 5.7% in the past six months, against the industry 's decline of 15%.
The company delivered impressive fourth-quarter fiscal 2018 results, with earnings and revenues beating the Zacks Consensus Estimate. Adjusted earnings per share (EPS) of 58 cents beat the consensus estimate by a penny and improved 56.7% on a year-over-year basis. Total revenues of $1.64 billion outpaced the consensus mark by $1.2 million and increased 10.1% year over year on the back of organic growth and contributions from the acquisition of GCA Services Group.
ABM Industries has a decent surprise history. It beat estimates in three of the trailing four quarters, the average being 1.2%. For the first quarter, the consensus estimate declined 3.6% in the past 30 days.
What's Driving ABM Industries?
The buyout of GCA Services Group has enhanced the company's long-term financial and operational capacities primarily in the Technology & Manufacturing, Business & Industry and Education segments. Revenues related to the acquisition amounted to more than $1 billion in fiscal 2018.
ABM Industries is currently executing 2020 Vision, which outlines its long-term vision for the next five years. The strategic plan focuses on operational improvement and vertical realignment and is contingent on three primary phases. The company is currently focusing on the second phase. Post complete execution, the plan will boost long-term profits for ABM Industries on the back of an industry-based go-to-market approach.
As a component of the first phase of 2020 Vision, ABM Industries has introduced a platform for realignment of its operational structure to an on-site, mobile and on-demand market-based structure to deliver an end-to-end service model to clients. The realignment has improved the company's margin improvement opportunities.
Risks
Increasing expenses are a concern for ABM Industries and likely to dent bottom-line growth. The acquisition has led to operating expenses worth $682 million. These expenses have resulted in a significant rise of the company's operating expenses (17.7% y/y) in fiscal 2018.
Further, the U.S. labor market is witnessing record low unemployment levels for skilled and unskilled labor since the beginning of 2018. While the economy continues to create new jobs despite the record low jobless rate, a tight labor market is compelling companies to hike payments to attract and retain employees. As labor costs account for majority of ABM Industries' expenses, the labor-related headwind is likely to weigh on operations.
Zacks Rank & Stocks to Consider
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 .
A few better-ranked stocks in the Zacks Business Services sector are Mastercard Incorporated MA , Republic Services, Inc. RSG and Blucora, Inc. BCOR , each carrying a Zacks Rank #2 (Buy).
The long-term expected EPS (three to five years) growth rate for Mastercard, Republic Services and Blucora is 18.1%, 10.7% and 17.5%, respectively.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Post complete execution, the plan will boost long-term profits for ABM Industries on the back of an industry-based go-to-market approach. Shares of ABM Industries IncorporatedABM have gained 5.7% in the past six months, against the industry 's decline of 15%. ABM Industries has a decent surprise history. | Click to get this free report Blucora, Inc. (BCOR): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report Republic Services, Inc. (RSG): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of ABM Industries IncorporatedABM have gained 5.7% in the past six months, against the industry 's decline of 15%. ABM Industries has a decent surprise history. | Zacks Rank & Stocks to Consider Currently, ABM Industries carries a Zacks Rank #3 (Hold). Click to get this free report Blucora, Inc. (BCOR): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report Republic Services, Inc. (RSG): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of ABM Industries IncorporatedABM have gained 5.7% in the past six months, against the industry 's decline of 15%. | What's Driving ABM Industries? Shares of ABM Industries IncorporatedABM have gained 5.7% in the past six months, against the industry 's decline of 15%. ABM Industries has a decent surprise history. |
29405.0 | 2018-12-19 00:00:00 UTC | Why ABM Industries Stock Popped 17% | ABM | https://www.nasdaq.com/articles/why-abm-industries-stock-popped-17-2018-12-19 | nan | nan | What happened
ABM Industries (NYSE: ABM) scored its third "earnings beat" in a row this morning, sending shares of the cleaning contractor flying up 17.2% as of 11:50 a.m. EST.
ABM reported a $0.58 per share "adjusted" profit for fiscal Q4 2018, beating analyst predictions of $0.56 pro forma , on sales of $1.65 billion.
So what
Granted, ABM's GAAP profit was only $0.15 per share, but even this was better than the GAAP loss the company had reported in the year-ago quarter. Quarterly sales grew 10% year over year.
If there was a dark cloud around this silver lining, it was the fact that even as ABM exceeded expectations, Q4 marked a distinct slowdown in the pace of business growth this year. For all of 2018, sales grew 18% (or nearly twice as fast as the growth rate recorded in Q4).
That being said, a win is a win, and with earnings for all of 2018 coming in at $1.47 per diluted share (up from just $0.07 last year), 2018 as a whole was definitely a winning year for ABM.
Now what
It looks like 2019 could be even better. Issuing new guidance for the new fiscal year, ABM predicted that in fiscal 2019, it will earn between $1.65 and $1.80 per share, GAAP. Taken at the midpoint of that range, ABM's promised $1.72 per share in GAAP profit will represent 17% year-over-year profit growth -- not quite as good as the 2,000% income growth we saw in 2018, but good enough to send ABM stock up 17% today.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM reported a $0.58 per share "adjusted" profit for fiscal Q4 2018, beating analyst predictions of $0.56 pro forma , on sales of $1.65 billion. If there was a dark cloud around this silver lining, it was the fact that even as ABM exceeded expectations, Q4 marked a distinct slowdown in the pace of business growth this year. What happened ABM Industries (NYSE: ABM) scored its third "earnings beat" in a row this morning, sending shares of the cleaning contractor flying up 17.2% as of 11:50 a.m. EST. | ABM reported a $0.58 per share "adjusted" profit for fiscal Q4 2018, beating analyst predictions of $0.56 pro forma , on sales of $1.65 billion. Issuing new guidance for the new fiscal year, ABM predicted that in fiscal 2019, it will earn between $1.65 and $1.80 per share, GAAP. What happened ABM Industries (NYSE: ABM) scored its third "earnings beat" in a row this morning, sending shares of the cleaning contractor flying up 17.2% as of 11:50 a.m. EST. | That being said, a win is a win, and with earnings for all of 2018 coming in at $1.47 per diluted share (up from just $0.07 last year), 2018 as a whole was definitely a winning year for ABM. Taken at the midpoint of that range, ABM's promised $1.72 per share in GAAP profit will represent 17% year-over-year profit growth -- not quite as good as the 2,000% income growth we saw in 2018, but good enough to send ABM stock up 17% today. 10 stocks we like better than ABM Industries When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. | ABM reported a $0.58 per share "adjusted" profit for fiscal Q4 2018, beating analyst predictions of $0.56 pro forma , on sales of $1.65 billion. What happened ABM Industries (NYSE: ABM) scored its third "earnings beat" in a row this morning, sending shares of the cleaning contractor flying up 17.2% as of 11:50 a.m. EST. So what Granted, ABM's GAAP profit was only $0.15 per share, but even this was better than the GAAP loss the company had reported in the year-ago quarter. |
29406.0 | 2018-12-19 00:00:00 UTC | U.S. STOCKS ON THE MOVE-GE, General Mills, FedEx, Allergan, Winnebago | ABM | https://www.nasdaq.com/articles/us-stocks-move-ge-general-mills-fedex-allergan-winnebago-2018-12-19 | nan | nan | The Day Ahead newsletter:
The Morning News Call newsletter:
U.S. stocks climbed on Wednesday, boosted by technology stocks, and financials also gained ahead of a highly awaited Federal Reserve announcement where investors will watch for signals of fewer rate hikes, which could spark a year-end rally.
The top three S&P 500 percentage gainers:
** General Electric Co, up 8 pct
** Diamondback Energy Inc, up 5.9 pct
** General Mills Inc, up 5.4 pct
The top three S&P 500 percentage losers:
** FedEx Corp, down 9.8 pct
** Allergan Plc, down 4.3 pct
** Micron Technology Inc, down 2.6 pct
The top three NYSE percentage gainers:
** ABM Industries Inc, up 16.7 pct
** Koppers Holdings Inc, up 14.2 pct
** Winnebago Industries Inc, up 14 pct
The top three NYSE percentage losers:
** Credit Suisse AG, down 14.8 pct
** FTS International Inc, down 12.8 pct
** Vanguard S&P Small-Cap 600 Index Fund, down 11.6 pct
The top three Nasdaq percentage gainers:
** NF Energy Saving Corp, up 18.5 pct
** Priority Technology Holdings Inc, up 20.5 pct
** Riot Blockchain Inc, up 20 pct
The top three Nasdaq percentage losers:
** Datasea Inc, down 75.4 pct
** Surface Oncology Inc, down 33.6 pct
** Aslan Pharmaceuticals Ltd, down 11.6 pct
** General Electric Co: up 8.0 pct
GE: First 3-day rally in 2 months on rating upgrade, health IPO move
** FedEx Corp: down 9.8 pct
** United Parcel Service Inc: down 1.8 pct
U.S. package delivery firms fall after FedEx flags slowing global trade
Street View: FedEx's outlook cut much bigger than expected
FedEx: Worst day in 10 yrs on warning, but transports unfazed
** General Mills Inc: up 5.4 pct
Rises as quarterly profit beats estimates
** Eli Lilly and Co: up 2.9 pct
Gains on upbeat FY19 forecasts
** Micron Technology Inc: down 2.6 pct
Street View: Micron Technology earnings signal tough road ahead
** Netflix Inc: up 3.0 pct
Credit Suisse, contrary to Street, sees 2019 subscriber growth
** Winnebago Industries Inc: up 14.0 pct
Shares jump on Q1 beat
** American Express Co: down 0.5 pct
Falls on BoFA's downgrade
** Rent-A-Center Inc: up 7.4 pct
Rises as Vintage Capital urges co to return to work on merger
** Hershey Co: up 2.8 pct
BofA-ML double upgrades to "buy", hikes PT by 30 pct
** Allergan Plc: down 4.3 pct
Falls after co suspends breast implant sales in Europe
** Facebook Inc: down 0.2 pct
Dips on latest concern over data sharing
** Globalstar Inc: up 5.9 pct
Descends on planned $60 mln stock offering
** Jabil Inc: up 5.4 pct
Up after results beat and upbeat forecast
** Analog Devices Inc: down 0.4 pct
MS downgrades, citing risks to semis in 2019
** McDonald's Corp: up 0.6 pct
** Wendy's Co: down 0.1 pct
** Dunkin' Brands Group Inc: up 0.8 pct
** Darden Restaurants Inc: down 0.1 pct
** Bloomin' Brands Inc: up 0.9 pct
** Texas Roadhouse Inc: down 0.9 pct
Barclays prefers quick service restaurants over casual dining in 2019
** Lam Research Corp: up 1.4 pct
** Nvidia Corp: down 0.3 pct
** Xilinx Inc: up 0.5 pct
** Ambarella Inc: up 1.8 pct
** Amphenol Corp: up 0.9 pct
** ON Semiconductor Corp: down 0.4 pct
** Cypress Semiconductor Corp: up 0.1 pct
** Sensata Technologies Holding Plc: up 1.1 pct
** Advanced Micro Devices Inc: down 0.4 pct
Chipmakers in 2019: "Stay cautious, bottom not in sight" - MS
** Intel Corp: down 0.4 pct
** Advanced Micro Devices Inc: down 0.4 pct
Intel vs. AMD: MS biased towards Intel
** Bloomin' Brands Inc: up 0.9 pct
MS upgrades to "equal-weight" on stable brand metrics
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The top three S&P 500 percentage gainers: ** General Electric Co, up 8 pct ** Diamondback Energy Inc, up 5.9 pct ** General Mills Inc, up 5.4 pct The top three S&P 500 percentage losers: ** FedEx Corp, down 9.8 pct ** Allergan Plc, down 4.3 pct ** Micron Technology Inc, down 2.6 pct The top three NYSE percentage gainers: ** ABM Industries Inc, up 16.7 pct ** Koppers Holdings Inc, up 14.2 pct ** Winnebago Industries Inc, up 14 pct The top three NYSE percentage losers: ** Credit Suisse AG, down 14.8 pct ** FTS International Inc, down 12.8 pct ** Vanguard S&P Small-Cap 600 Index Fund, down 11.6 pct The top three Nasdaq percentage gainers: ** NF Energy Saving Corp, up 18.5 pct ** Priority Technology Holdings Inc, up 20.5 pct ** Riot Blockchain Inc, up 20 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 75.4 pct ** Surface Oncology Inc, down 33.6 pct ** Aslan Pharmaceuticals Ltd, down 11.6 pct ** General Electric Co: up 8.0 pct GE: First 3-day rally in 2 months on rating upgrade, health IPO move ** FedEx Corp: down 9.8 pct ** United Parcel Service Inc: down 1.8 pct U.S. package delivery firms fall after FedEx flags slowing global trade Street View: FedEx's outlook cut much bigger than expected FedEx: Worst day in 10 yrs on warning, but transports unfazed ** General Mills Inc: up 5.4 pct Rises as quarterly profit beats estimates ** Eli Lilly and Co: up 2.9 pct Gains on upbeat FY19 forecasts ** Micron Technology Inc: down 2.6 pct Street View: Micron Technology earnings signal tough road ahead ** Netflix Inc: up 3.0 pct Credit Suisse, contrary to Street, sees 2019 subscriber growth ** Winnebago Industries Inc: up 14.0 pct Shares jump on Q1 beat ** American Express Co: down 0.5 pct Falls on BoFA's downgrade ** Rent-A-Center Inc: up 7.4 pct Rises as Vintage Capital urges co to return to work on merger ** Hershey Co: up 2.8 pct BofA-ML double upgrades to "buy", hikes PT by 30 pct ** Allergan Plc: down 4.3 pct Falls after co suspends breast implant sales in Europe ** Facebook Inc: down 0.2 pct Dips on latest concern over data sharing ** Globalstar Inc: up 5.9 pct Descends on planned $60 mln stock offering ** Jabil Inc: up 5.4 pct Up after results beat and upbeat forecast ** Analog Devices Inc: down 0.4 pct MS downgrades, citing risks to semis in 2019 ** McDonald's Corp: up 0.6 pct ** Wendy's Co: down 0.1 pct ** Dunkin' Brands Group Inc: up 0.8 pct ** Darden Restaurants Inc: down 0.1 pct ** Bloomin' Brands Inc: up 0.9 pct ** Texas Roadhouse Inc: down 0.9 pct Barclays prefers quick service restaurants over casual dining in 2019 ** Lam Research Corp: up 1.4 pct ** Nvidia Corp: down 0.3 pct ** Xilinx Inc: up 0.5 pct ** Ambarella Inc: up 1.8 pct ** Amphenol Corp: up 0.9 pct ** ON Semiconductor Corp: down 0.4 pct ** Cypress Semiconductor Corp: up 0.1 pct ** Sensata Technologies Holding Plc: up 1.1 pct ** Advanced Micro Devices Inc: down 0.4 pct Chipmakers in 2019: "Stay cautious, bottom not in sight" - MS ** Intel Corp: down 0.4 pct ** Advanced Micro Devices Inc: down 0.4 pct Intel vs. AMD: MS biased towards Intel ** Bloomin' Brands Inc: up 0.9 pct MS upgrades to "equal-weight" on stable brand metrics The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks climbed on Wednesday, boosted by technology stocks, and financials also gained ahead of a highly awaited Federal Reserve announcement where investors will watch for signals of fewer rate hikes, which could spark a year-end rally. | The top three S&P 500 percentage gainers: ** General Electric Co, up 8 pct ** Diamondback Energy Inc, up 5.9 pct ** General Mills Inc, up 5.4 pct The top three S&P 500 percentage losers: ** FedEx Corp, down 9.8 pct ** Allergan Plc, down 4.3 pct ** Micron Technology Inc, down 2.6 pct The top three NYSE percentage gainers: ** ABM Industries Inc, up 16.7 pct ** Koppers Holdings Inc, up 14.2 pct ** Winnebago Industries Inc, up 14 pct The top three NYSE percentage losers: ** Credit Suisse AG, down 14.8 pct ** FTS International Inc, down 12.8 pct ** Vanguard S&P Small-Cap 600 Index Fund, down 11.6 pct The top three Nasdaq percentage gainers: ** NF Energy Saving Corp, up 18.5 pct ** Priority Technology Holdings Inc, up 20.5 pct ** Riot Blockchain Inc, up 20 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 75.4 pct ** Surface Oncology Inc, down 33.6 pct ** Aslan Pharmaceuticals Ltd, down 11.6 pct ** General Electric Co: up 8.0 pct GE: First 3-day rally in 2 months on rating upgrade, health IPO move ** FedEx Corp: down 9.8 pct ** United Parcel Service Inc: down 1.8 pct U.S. package delivery firms fall after FedEx flags slowing global trade Street View: FedEx's outlook cut much bigger than expected FedEx: Worst day in 10 yrs on warning, but transports unfazed ** General Mills Inc: up 5.4 pct Rises as quarterly profit beats estimates ** Eli Lilly and Co: up 2.9 pct Gains on upbeat FY19 forecasts ** Micron Technology Inc: down 2.6 pct Street View: Micron Technology earnings signal tough road ahead ** Netflix Inc: up 3.0 pct Credit Suisse, contrary to Street, sees 2019 subscriber growth ** Winnebago Industries Inc: up 14.0 pct Shares jump on Q1 beat ** American Express Co: down 0.5 pct Falls on BoFA's downgrade ** Rent-A-Center Inc: up 7.4 pct Rises as Vintage Capital urges co to return to work on merger ** Hershey Co: up 2.8 pct BofA-ML double upgrades to "buy", hikes PT by 30 pct ** Allergan Plc: down 4.3 pct Falls after co suspends breast implant sales in Europe ** Facebook Inc: down 0.2 pct Dips on latest concern over data sharing ** Globalstar Inc: up 5.9 pct Descends on planned $60 mln stock offering ** Jabil Inc: up 5.4 pct Up after results beat and upbeat forecast ** Analog Devices Inc: down 0.4 pct MS downgrades, citing risks to semis in 2019 ** McDonald's Corp: up 0.6 pct ** Wendy's Co: down 0.1 pct ** Dunkin' Brands Group Inc: up 0.8 pct ** Darden Restaurants Inc: down 0.1 pct ** Bloomin' Brands Inc: up 0.9 pct ** Texas Roadhouse Inc: down 0.9 pct Barclays prefers quick service restaurants over casual dining in 2019 ** Lam Research Corp: up 1.4 pct ** Nvidia Corp: down 0.3 pct ** Xilinx Inc: up 0.5 pct ** Ambarella Inc: up 1.8 pct ** Amphenol Corp: up 0.9 pct ** ON Semiconductor Corp: down 0.4 pct ** Cypress Semiconductor Corp: up 0.1 pct ** Sensata Technologies Holding Plc: up 1.1 pct ** Advanced Micro Devices Inc: down 0.4 pct Chipmakers in 2019: "Stay cautious, bottom not in sight" - MS ** Intel Corp: down 0.4 pct ** Advanced Micro Devices Inc: down 0.4 pct Intel vs. AMD: MS biased towards Intel ** Bloomin' Brands Inc: up 0.9 pct MS upgrades to "equal-weight" on stable brand metrics The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks climbed on Wednesday, boosted by technology stocks, and financials also gained ahead of a highly awaited Federal Reserve announcement where investors will watch for signals of fewer rate hikes, which could spark a year-end rally. | The top three S&P 500 percentage gainers: ** General Electric Co, up 8 pct ** Diamondback Energy Inc, up 5.9 pct ** General Mills Inc, up 5.4 pct The top three S&P 500 percentage losers: ** FedEx Corp, down 9.8 pct ** Allergan Plc, down 4.3 pct ** Micron Technology Inc, down 2.6 pct The top three NYSE percentage gainers: ** ABM Industries Inc, up 16.7 pct ** Koppers Holdings Inc, up 14.2 pct ** Winnebago Industries Inc, up 14 pct The top three NYSE percentage losers: ** Credit Suisse AG, down 14.8 pct ** FTS International Inc, down 12.8 pct ** Vanguard S&P Small-Cap 600 Index Fund, down 11.6 pct The top three Nasdaq percentage gainers: ** NF Energy Saving Corp, up 18.5 pct ** Priority Technology Holdings Inc, up 20.5 pct ** Riot Blockchain Inc, up 20 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 75.4 pct ** Surface Oncology Inc, down 33.6 pct ** Aslan Pharmaceuticals Ltd, down 11.6 pct ** General Electric Co: up 8.0 pct GE: First 3-day rally in 2 months on rating upgrade, health IPO move ** FedEx Corp: down 9.8 pct ** United Parcel Service Inc: down 1.8 pct U.S. package delivery firms fall after FedEx flags slowing global trade Street View: FedEx's outlook cut much bigger than expected FedEx: Worst day in 10 yrs on warning, but transports unfazed ** General Mills Inc: up 5.4 pct Rises as quarterly profit beats estimates ** Eli Lilly and Co: up 2.9 pct Gains on upbeat FY19 forecasts ** Micron Technology Inc: down 2.6 pct Street View: Micron Technology earnings signal tough road ahead ** Netflix Inc: up 3.0 pct Credit Suisse, contrary to Street, sees 2019 subscriber growth ** Winnebago Industries Inc: up 14.0 pct Shares jump on Q1 beat ** American Express Co: down 0.5 pct Falls on BoFA's downgrade ** Rent-A-Center Inc: up 7.4 pct Rises as Vintage Capital urges co to return to work on merger ** Hershey Co: up 2.8 pct BofA-ML double upgrades to "buy", hikes PT by 30 pct ** Allergan Plc: down 4.3 pct Falls after co suspends breast implant sales in Europe ** Facebook Inc: down 0.2 pct Dips on latest concern over data sharing ** Globalstar Inc: up 5.9 pct Descends on planned $60 mln stock offering ** Jabil Inc: up 5.4 pct Up after results beat and upbeat forecast ** Analog Devices Inc: down 0.4 pct MS downgrades, citing risks to semis in 2019 ** McDonald's Corp: up 0.6 pct ** Wendy's Co: down 0.1 pct ** Dunkin' Brands Group Inc: up 0.8 pct ** Darden Restaurants Inc: down 0.1 pct ** Bloomin' Brands Inc: up 0.9 pct ** Texas Roadhouse Inc: down 0.9 pct Barclays prefers quick service restaurants over casual dining in 2019 ** Lam Research Corp: up 1.4 pct ** Nvidia Corp: down 0.3 pct ** Xilinx Inc: up 0.5 pct ** Ambarella Inc: up 1.8 pct ** Amphenol Corp: up 0.9 pct ** ON Semiconductor Corp: down 0.4 pct ** Cypress Semiconductor Corp: up 0.1 pct ** Sensata Technologies Holding Plc: up 1.1 pct ** Advanced Micro Devices Inc: down 0.4 pct Chipmakers in 2019: "Stay cautious, bottom not in sight" - MS ** Intel Corp: down 0.4 pct ** Advanced Micro Devices Inc: down 0.4 pct Intel vs. AMD: MS biased towards Intel ** Bloomin' Brands Inc: up 0.9 pct MS upgrades to "equal-weight" on stable brand metrics The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks climbed on Wednesday, boosted by technology stocks, and financials also gained ahead of a highly awaited Federal Reserve announcement where investors will watch for signals of fewer rate hikes, which could spark a year-end rally. | The top three S&P 500 percentage gainers: ** General Electric Co, up 8 pct ** Diamondback Energy Inc, up 5.9 pct ** General Mills Inc, up 5.4 pct The top three S&P 500 percentage losers: ** FedEx Corp, down 9.8 pct ** Allergan Plc, down 4.3 pct ** Micron Technology Inc, down 2.6 pct The top three NYSE percentage gainers: ** ABM Industries Inc, up 16.7 pct ** Koppers Holdings Inc, up 14.2 pct ** Winnebago Industries Inc, up 14 pct The top three NYSE percentage losers: ** Credit Suisse AG, down 14.8 pct ** FTS International Inc, down 12.8 pct ** Vanguard S&P Small-Cap 600 Index Fund, down 11.6 pct The top three Nasdaq percentage gainers: ** NF Energy Saving Corp, up 18.5 pct ** Priority Technology Holdings Inc, up 20.5 pct ** Riot Blockchain Inc, up 20 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 75.4 pct ** Surface Oncology Inc, down 33.6 pct ** Aslan Pharmaceuticals Ltd, down 11.6 pct ** General Electric Co: up 8.0 pct GE: First 3-day rally in 2 months on rating upgrade, health IPO move ** FedEx Corp: down 9.8 pct ** United Parcel Service Inc: down 1.8 pct U.S. package delivery firms fall after FedEx flags slowing global trade Street View: FedEx's outlook cut much bigger than expected FedEx: Worst day in 10 yrs on warning, but transports unfazed ** General Mills Inc: up 5.4 pct Rises as quarterly profit beats estimates ** Eli Lilly and Co: up 2.9 pct Gains on upbeat FY19 forecasts ** Micron Technology Inc: down 2.6 pct Street View: Micron Technology earnings signal tough road ahead ** Netflix Inc: up 3.0 pct Credit Suisse, contrary to Street, sees 2019 subscriber growth ** Winnebago Industries Inc: up 14.0 pct Shares jump on Q1 beat ** American Express Co: down 0.5 pct Falls on BoFA's downgrade ** Rent-A-Center Inc: up 7.4 pct Rises as Vintage Capital urges co to return to work on merger ** Hershey Co: up 2.8 pct BofA-ML double upgrades to "buy", hikes PT by 30 pct ** Allergan Plc: down 4.3 pct Falls after co suspends breast implant sales in Europe ** Facebook Inc: down 0.2 pct Dips on latest concern over data sharing ** Globalstar Inc: up 5.9 pct Descends on planned $60 mln stock offering ** Jabil Inc: up 5.4 pct Up after results beat and upbeat forecast ** Analog Devices Inc: down 0.4 pct MS downgrades, citing risks to semis in 2019 ** McDonald's Corp: up 0.6 pct ** Wendy's Co: down 0.1 pct ** Dunkin' Brands Group Inc: up 0.8 pct ** Darden Restaurants Inc: down 0.1 pct ** Bloomin' Brands Inc: up 0.9 pct ** Texas Roadhouse Inc: down 0.9 pct Barclays prefers quick service restaurants over casual dining in 2019 ** Lam Research Corp: up 1.4 pct ** Nvidia Corp: down 0.3 pct ** Xilinx Inc: up 0.5 pct ** Ambarella Inc: up 1.8 pct ** Amphenol Corp: up 0.9 pct ** ON Semiconductor Corp: down 0.4 pct ** Cypress Semiconductor Corp: up 0.1 pct ** Sensata Technologies Holding Plc: up 1.1 pct ** Advanced Micro Devices Inc: down 0.4 pct Chipmakers in 2019: "Stay cautious, bottom not in sight" - MS ** Intel Corp: down 0.4 pct ** Advanced Micro Devices Inc: down 0.4 pct Intel vs. AMD: MS biased towards Intel ** Bloomin' Brands Inc: up 0.9 pct MS upgrades to "equal-weight" on stable brand metrics The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks climbed on Wednesday, boosted by technology stocks, and financials also gained ahead of a highly awaited Federal Reserve announcement where investors will watch for signals of fewer rate hikes, which could spark a year-end rally. |
29407.0 | 2018-12-19 00:00:00 UTC | ABM Industries (ABM) Beats Q4 Earnings & Revenue Estimates | ABM | https://www.nasdaq.com/articles/abm-industries-abm-beats-q4-earnings-revenue-estimates-2018-12-19 | nan | nan | ABM Industries Inc.ABM reported strong fourth-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate.
Adjusted earnings (from continuing operations) of 58 cents per share surpassed the Zacks Consensus Estimate by a penny and increased 56.7% year over year. The bottom line benefited from lower tax rates (as a result of the Tax Cuts and Jobs Act) and higher revenue contribution. These were, however, partially offset by the impact of higher wage and overtime costs resulting from a tightening labor market.
Total revenues of $1.64 billion beat the consensus mark by $1.2 million and increased 10.1% year over year. The top line was driven by contributions from acquisition of GCA Services Group and organic growth.
Revenues related to GCA acquisition came in at $90.4 million, which was reflected in the Education ($51.6 million), the Technology & Manufacturing ($20.1 million), and the Business & Industry segments ($14.4 million).
Organic growth was 4.2%, mainly driven by Business & Industry, Technical Solutions and Technology & Manufacturing segments, which was partially offset by negative organic performance in the Aviation and Healthcare segments
So far this year, shares of ABM Industries have declined 28.2% compared with 5.7% decline of the industry it belongs to.
Revenues by Segment
Business & Industry revenues (45% of total revenues) increased 7.8% year over year to $737.1 million. Technology & Manufacturing revenues (14%) climbed 15.4% year over year to $234.2 million. Education revenues (13%) of $214 million increased 30.8% from the prior-year quarter. Technical Solutions revenues (8%) increased 14.8% year over year to $131.4 million. Healthcare revenues (4%) increased 1% year over year to $66.6 million. Aviation revenues (16%) declined 0.7% year over year to $265.5 million.
ABM Industries Incorporated Revenue (TTM)
ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote
Operating Results
Adjusted EBITDA of $89.9 million increased 27% year over year due to the GCA acquisition. Adjusted EBITDA margin improved 73 basis points (bps) to 5.5%.
Adjusted income from continuing operations was $38.8 million, up 65.1% year over year. Adjusted operating income margin was 2.3%, up 80 bps from the prior-year quarter.
Operating expenses increased 9.6% from the year-ago quarter to $1.46 billion. Selling, general and administrative expenses decreased 19% from the year-ago quarter to $111.2 million.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote
Balance Sheet & Cash Flow
ABM Industries exited fiscal fourth-quarter fiscal 2018 with cash and cash equivalents of $39.1 million compared with $46 million at the end of the prior quarter. Long-term debt was $902 million compared with $998.4 million at the end of the prior quarter. Net cash provided by operating activities was $93.3 million in the reported quarter.
Dividend Payment
ABM Industries paid a quarterly cash dividend of 17.5 cents per share, leading to $11.5 million of total dividend payment in the reported quarter. Additionally, the company's board of directors approved a 2.9% dividend hike, raising the quarterly cash dividend to 18 cents per share. The dividend will be paid onFeb 4, 2019 to shareholders of record as of Jan 3, 2019. This marks the 211 th consecutive quarterly cash dividend declared by the company.
Fiscal 2019 Guidance
ABM Industries unveiled its fiscal 2019 guidance for adjusted income from continuing operations in the range of $1.90-$2.05 per share. The Zacks Consensus Estimate of $2.04 exceeds the midpoint of the guided range by 6.5 cents.
Zacks Rank & Upcoming Releases
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 .
Investors interested in the broader Zacks Business Services sector are keenly awaiting earnings reports from key players like Booz Allen Hamilton BAH , Republic Services RSG and TransUnion TRU . While Booz Allen Hamilton will report third-quarter fiscal 2019 results on Feb 1, Republic Services and TransUnion will release their respective fourth-quarter 2018 results on Feb 7 and Feb 14.
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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 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 strong fourth-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Organic growth was 4.2%, mainly driven by Business & Industry, Technical Solutions and Technology & Manufacturing segments, which was partially offset by negative organic performance in the Aviation and Healthcare segments So far this year, shares of ABM Industries have declined 28.2% compared with 5.7% decline of the industry it belongs to. ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Results Adjusted EBITDA of $89.9 million increased 27% year over year due to the GCA acquisition. | ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Results Adjusted EBITDA of $89.9 million increased 27% year over year due to the GCA acquisition. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Balance Sheet & Cash Flow ABM Industries exited fiscal fourth-quarter fiscal 2018 with cash and cash equivalents of $39.1 million compared with $46 million at the end of the prior quarter. Click to get this free report TransUnion (TRU): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH): Free Stock Analysis Report Republic Services, Inc. (RSG): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Results Adjusted EBITDA of $89.9 million increased 27% year over year due to the GCA acquisition. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Balance Sheet & Cash Flow ABM Industries exited fiscal fourth-quarter fiscal 2018 with cash and cash equivalents of $39.1 million compared with $46 million at the end of the prior quarter. Click to get this free report TransUnion (TRU): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH): Free Stock Analysis Report Republic Services, Inc. (RSG): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries Inc.ABM reported strong fourth-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Results Adjusted EBITDA of $89.9 million increased 27% year over year due to the GCA acquisition. Organic growth was 4.2%, mainly driven by Business & Industry, Technical Solutions and Technology & Manufacturing segments, which was partially offset by negative organic performance in the Aviation and Healthcare segments So far this year, shares of ABM Industries have declined 28.2% compared with 5.7% decline of the industry it belongs to. |
29408.0 | 2018-12-19 00:00:00 UTC | Mid-Afternoon Market Update: U.S. Stocks Turn Negative After Fed Hikes Interest Rates; Dow Tumbles Over 300 Points | ABM | https://www.nasdaq.com/articles/mid-afternoon-market-update-us-stocks-turn-negative-after-fed-hikes-interest-rates-dow | nan | nan | Toward the end of trading Wednesday, the Dow traded down 1.31 percent to 23,366.24 while the NASDAQ declined 1.81 percent to 6,660.86. The S&P also fell, dropping 1.24 percent to 2,514.68.
Leading and Lagging Sectors
Wednesday afternoon, the financial shares climbed 0.8 percent. Meanwhile, top gainers in the sector included Mercantil Bank Holding Corp. (NASDAQ: AMTB ) up 9 percent, and Gamco Investors Inc (NYSE: GBL ) up 5 percent.
In trading on Wednesday, consumer staples shares rose by just 0.2 percent.
Top Headline
On Wednesday, the Federal Reserve delivered the interest rate hike the markets were expecting. The Fed announced it will be upping the fed funds target rate by 0.25 percent to a range of 2.25-2.50 percent.
The Fed also lowered its target projections for future interest rates. The Fed lowered its 2019 fed funds rate projection from 3.1 percent to 2.9 percent and its 2020 and 2021 projections from 3.4 percent to 3.1 percent. The Fed also lowered its 2018 U.S. GDP growth projection from 3.1 percent to 3 percent and its 2019 growth projection from 2.5 percent to 2.3 percent.
Equities Trading UP
Adial Pharmaceuticals, Inc. (NASDAQ: ADIL ) shares got a boost, shooting up 32 percent to $3.8999 after the company announced an amendment to its license agreement with the University of Virgia Licensing & Ventures Group. The company must commence Phase 3 trial of AD04 for AUD in 2019.
Shares of Winnebago Industries, Inc. (NYSE: WGO ) shot up 18 percent to $23.57 after the company reported stronger-than-expected results for its first quarter.
ABM Industries Incorporated (NYSE: ABM ) shares were also up, gaining 16 percent to $31.32. ABM posted Q4 adjusted earnings of $0.58 per share on sales of $1.65 billion.
Equities Trading DOWN
Surface Oncology, Inc. (NASDAQ: SURF ) shares dropped 44 percent to $4.12 after the company late Tuesday reported a 'significant' reduction in investment in the SRF231 program.
Shares of NCI Building Systems, Inc. (NYSE: NCS ) were down 10 percent to $8.73 following Q4 results.
FTS International, Inc. (NYSE: FTSI ) was down, falling around 14 percent to $7.11. Credit Suisse downgraded FTS International from Outperform to Neutral and lowered the price target from $15 to $8.
Commodities
In commodity news, oil traded up 1.56 percent to $46.96 while gold traded down 0.35 percent to $1,258.70.
Silver traded up 0.03 percent Wednesday to $14.705, while copper rose 0.88 percent to $2.688.
Eurozone
European shares closed higher today. The eurozone's STOXX 600 climbed 0.31 percent, the Spanish Ibex Index surged 0.78 percent, while Italy's FTSE MIB Index jumped 1.59 percent. Meanwhile the German DAX gained 0.24 percent, and the French CAC 40 gained 0.49 percent while U.K. shares rose 0.96 percent.
Economics
The MBA's index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET.
The U.S. current-account deficit increased to $124.8 billion in the third quarter, versus a revised $101.2 billion in the second quarter.
Existing home sales rose 1.9 percent at an annual rate of 5.32 million for November. However, economists were expecting a 5.15 million rate.
Domestic crude supplies declined 497,000 barrels for the week ended December 14, the Energy Information Administration reported. However, analysts projected a drop of 2.48 million barrels. Gasoline stockpiles gained 1.77 million barrels, while distillate stockpiles slipped 4.24 million barrels last week.
The Fed announced it will be upping the fed funds target rate by 0.25 percent to a range of 2.25-2.50 percent.
© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 (NYSE: ABM ) shares were also up, gaining 16 percent to $31.32. ABM posted Q4 adjusted earnings of $0.58 per share on sales of $1.65 billion. Shares of Winnebago Industries, Inc. (NYSE: WGO ) shot up 18 percent to $23.57 after the company reported stronger-than-expected results for its first quarter. | ABM Industries Incorporated (NYSE: ABM ) shares were also up, gaining 16 percent to $31.32. ABM posted Q4 adjusted earnings of $0.58 per share on sales of $1.65 billion. The Fed announced it will be upping the fed funds target rate by 0.25 percent to a range of 2.25-2.50 percent. | ABM Industries Incorporated (NYSE: ABM ) shares were also up, gaining 16 percent to $31.32. ABM posted Q4 adjusted earnings of $0.58 per share on sales of $1.65 billion. The Fed lowered its 2019 fed funds rate projection from 3.1 percent to 2.9 percent and its 2020 and 2021 projections from 3.4 percent to 3.1 percent. | ABM Industries Incorporated (NYSE: ABM ) shares were also up, gaining 16 percent to $31.32. ABM posted Q4 adjusted earnings of $0.58 per share on sales of $1.65 billion. The Fed also lowered its target projections for future interest rates. |
29409.0 | 2018-12-19 00:00:00 UTC | U.S. STOCKS ON THE MOVE-GE, FedEx, Facebook, Allergan, General Mills | ABM | https://www.nasdaq.com/articles/us-stocks-move-ge-fedex-facebook-allergan-general-mills-2018-12-19 | nan | nan | The Day Ahead newsletter:
The Morning News Call newsletter:
U.S. stocks rose more than 1 percent to session highs on Wednesday, ahead of a much-awaited Federal Reserve announcement that investors hope will point to a more moderate pace of future interest rate hikes and spark a year-end rally.
The top three S&P 500 percentage gainers:
** General Electric Co, up 7.1 pct
** General Mills Inc, up 6.6 pct
** American International Group Inc, up 5.7 pct
The top three S&P 500 percentage losers:
** FedEx Corp, down 8.7 pct
** Allergan Plc, down 7.6 pct
** Facebook Inc, down 5.9 pct
The top three NYSE percentage gainers:
** Winnebago Industries Inc, up 21.2 pct
** ABM Industries Inc, up 17.1 pct
** Civitas Solutions Inc, up 12.3 pct
The top three NYSE percentage losers:
** Credit Suisse AG, down 15.2 pct
** FTS International Inc, down 14.8 pct
** Alpha Architect Intl Quantitative Momentum ETF, down 13.8 pct
The top three Nasdaq percentage gainers:
** Marin Software Inc, up 75.8 pct
** Adial Pharmaceuticals Inc, up 21.5 pct
** Limbach Holdings Inc, up 17.9 pct
The top three Nasdaq percentage losers:
** Datasea Inc, down 75.5 pct
** Surface Oncology Inc, down 35.5 pct
** Cryoport Inc, down 22 pct
** FedEx Corp: down 8.7 pct
** United Parcel Service Inc: up 0.3 pct
U.S. package delivery firms fall after FedEx flags slowing global trade
Street View: FedEx's outlook cut much bigger than expected
FedEx: Worst day in 10 yrs on warning, but transports unfazed
** Facebook Inc: down 5.9 pct
Dips on latest concern over data sharing
** General Electric Co: up 7.1 pct
First 3-day rally in 2 months on rating upgrade, health IPO move
** General Mills Inc: up 6.6 pct
Rises as quarterly profit beats estimates
** Eli Lilly and Co: up 3.4 pct
Gains on upbeat FY19 forecasts
** Winnebago Industries Inc: up 21.2 pct
Shares jump on Q1 beat
** Civitas Solutions Inc: up 12.3 pct
Jumps on being acquired for $641 mln
** Gilead Sciences Inc: up 1.6 pct
Gains on co-development pact with Scholar Rock
** NCI Building Systems Inc: down 12.4 pct
Record low after CEO says market softness to continue in 2019
** CoreCivic Inc: down 4.6 pct
** Geo Group Inc: down 2.1 pct
Prison stocks drop after new law to reduce sentences for some inmates
** Home Capital Group Inc: down 13.8 pct
Slumps after Buffett's stake to dip to less than 10 pct
** Johnson & Johnson: down 1.0 pct
Slides after losing bid to overturn talc verdict
** Diamondback Energy Inc: up 5.0 pct
Up after 2019 production view, dividend raise plans
** Parex Resources Inc: up 5.1 pct
Rises on termination of strategic review process
** Sealed Air Corp: up 3.9 pct
BMO upgrades to "outperform", says risk/reward is now skewed to the upside
** Altus Midstream Co: down 3.7 pct
Falls on closure of Gulf Coast Express pipeline option
** Rent-A-Center Inc: up 11.1 pct
Rises as Vintage Capital urges co to return to work on merger
** Hershey Co: up 3.3 pct
BofA-ML double upgrades to "buy", hikes PT by 30 pct
** Allergan Plc: down 7.6 pct
Falls after co suspends breast implant sales in Europe
** Jabil Inc: up 6.6 pct
Up after results beat and upbeat forecast
** Analog Devices Inc: down 2.0 pct
MS downgrades, citing risks to semis in 2019
** Micron Technology Inc: down 2.7 pct
Street View: Micron Technology earnings signal tough road ahead
** Internap Corp: up 17.3 pct
Surges on better FY outlook, stock buyback plan
** Aduro Biotech Inc: up 11.7 pct
Rises on licensing deal with Eli Lilly
** Netflix Inc: up 1.8 pct
Credit Suisse, contrary to Street, sees 2019 subscriber growth
** McDonald's Corp: up 1.3 pct
** Wendy's Co: up 0.9 pct
** Dunkin' Brands Group Inc: up 0.9 pct
** Darden Restaurants Inc: down 0.4 pct
** Bloomin' Brands Inc: up 1.8 pct
** Texas Roadhouse Inc: down 0.9 pct
Barclays prefers quick service restaurants over casual dining in 2019
** Lam Research Corp: down 0.4 pct
** Nvidia Corp: down 2.7 pct
** Xilinx Inc: down 1.0 pct
** Ambarella Inc: up 1.0 pct
** Amphenol Corp: up 0.5 pct
** ON Semiconductor Corp: down 1.9 pct
** Cypress Semiconductor Corp: down 0.4 pct
** Sensata Technologies Holding Plc: up 1.5 pct
** Advanced Micro Devices Inc: down 2.1 pct
Chipmakers in 2019: "Stay cautious, bottom not in sight" - MS
** Intel Corp: down 1.0 pct
** Advanced Micro Devices Inc: down 2.1 pct
Intel vs. AMD: MS biased towards Intel
** McDonald's Corp: up 1.3 pct
** Starbucks Corp: up 0.5 pct
** Chipotle Mexican Grill Inc: down 0.1 pct
** Dave & Buster's Entertainment Inc: down 0.6 pct
** Shake Shack Inc: up 2.2 pct
** Red Robin Gourmet Burgers Inc: down 0.8 pct
Jefferies picks McDonald's, Starbucks, Chipotle and Dave & Buster for 2019
** Bloomin' Brands Inc: up 1.8 pct
MS upgrades to "equal-weight" on stable brand metrics
** Walgreens Boots Alliance Inc: down 0.7 pct
PREVIEW:Dips slightly ahead of results
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The top three S&P 500 percentage gainers: ** General Electric Co, up 7.1 pct ** General Mills Inc, up 6.6 pct ** American International Group Inc, up 5.7 pct The top three S&P 500 percentage losers: ** FedEx Corp, down 8.7 pct ** Allergan Plc, down 7.6 pct ** Facebook Inc, down 5.9 pct The top three NYSE percentage gainers: ** Winnebago Industries Inc, up 21.2 pct ** ABM Industries Inc, up 17.1 pct ** Civitas Solutions Inc, up 12.3 pct The top three NYSE percentage losers: ** Credit Suisse AG, down 15.2 pct ** FTS International Inc, down 14.8 pct ** Alpha Architect Intl Quantitative Momentum ETF, down 13.8 pct The top three Nasdaq percentage gainers: ** Marin Software Inc, up 75.8 pct ** Adial Pharmaceuticals Inc, up 21.5 pct ** Limbach Holdings Inc, up 17.9 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 75.5 pct ** Surface Oncology Inc, down 35.5 pct ** Cryoport Inc, down 22 pct ** FedEx Corp: down 8.7 pct ** United Parcel Service Inc: up 0.3 pct U.S. package delivery firms fall after FedEx flags slowing global trade Street View: FedEx's outlook cut much bigger than expected FedEx: Worst day in 10 yrs on warning, but transports unfazed ** Facebook Inc: down 5.9 pct Dips on latest concern over data sharing ** General Electric Co: up 7.1 pct First 3-day rally in 2 months on rating upgrade, health IPO move ** General Mills Inc: up 6.6 pct Rises as quarterly profit beats estimates ** Eli Lilly and Co: up 3.4 pct Gains on upbeat FY19 forecasts ** Winnebago Industries Inc: up 21.2 pct Shares jump on Q1 beat ** Civitas Solutions Inc: up 12.3 pct Jumps on being acquired for $641 mln ** Gilead Sciences Inc: up 1.6 pct Gains on co-development pact with Scholar Rock ** NCI Building Systems Inc: down 12.4 pct Record low after CEO says market softness to continue in 2019 ** CoreCivic Inc: down 4.6 pct ** Geo Group Inc: down 2.1 pct Prison stocks drop after new law to reduce sentences for some inmates ** Home Capital Group Inc: down 13.8 pct Slumps after Buffett's stake to dip to less than 10 pct ** Johnson & Johnson: down 1.0 pct Slides after losing bid to overturn talc verdict ** Diamondback Energy Inc: up 5.0 pct Up after 2019 production view, dividend raise plans ** Parex Resources Inc: up 5.1 pct Rises on termination of strategic review process ** Sealed Air Corp: up 3.9 pct BMO upgrades to "outperform", says risk/reward is now skewed to the upside ** Altus Midstream Co: down 3.7 pct Falls on closure of Gulf Coast Express pipeline option ** Rent-A-Center Inc: up 11.1 pct Rises as Vintage Capital urges co to return to work on merger ** Hershey Co: up 3.3 pct BofA-ML double upgrades to "buy", hikes PT by 30 pct ** Allergan Plc: down 7.6 pct Falls after co suspends breast implant sales in Europe ** Jabil Inc: up 6.6 pct Up after results beat and upbeat forecast ** Analog Devices Inc: down 2.0 pct MS downgrades, citing risks to semis in 2019 ** Micron Technology Inc: down 2.7 pct Street View: Micron Technology earnings signal tough road ahead ** Internap Corp: up 17.3 pct Surges on better FY outlook, stock buyback plan ** Aduro Biotech Inc: up 11.7 pct Rises on licensing deal with Eli Lilly ** Netflix Inc: up 1.8 pct Credit Suisse, contrary to Street, sees 2019 subscriber growth ** McDonald's Corp: up 1.3 pct ** Wendy's Co: up 0.9 pct ** Dunkin' Brands Group Inc: up 0.9 pct ** Darden Restaurants Inc: down 0.4 pct ** Bloomin' Brands Inc: up 1.8 pct ** Texas Roadhouse Inc: down 0.9 pct Barclays prefers quick service restaurants over casual dining in 2019 ** Lam Research Corp: down 0.4 pct ** Nvidia Corp: down 2.7 pct ** Xilinx Inc: down 1.0 pct ** Ambarella Inc: up 1.0 pct ** Amphenol Corp: up 0.5 pct ** ON Semiconductor Corp: down 1.9 pct ** Cypress Semiconductor Corp: down 0.4 pct ** Sensata Technologies Holding Plc: up 1.5 pct ** Advanced Micro Devices Inc: down 2.1 pct Chipmakers in 2019: "Stay cautious, bottom not in sight" - MS ** Intel Corp: down 1.0 pct ** Advanced Micro Devices Inc: down 2.1 pct Intel vs. AMD: MS biased towards Intel ** McDonald's Corp: up 1.3 pct ** Starbucks Corp: up 0.5 pct ** Chipotle Mexican Grill Inc: down 0.1 pct ** Dave & Buster's Entertainment Inc: down 0.6 pct ** Shake Shack Inc: up 2.2 pct ** Red Robin Gourmet Burgers Inc: down 0.8 pct Jefferies picks McDonald's, Starbucks, Chipotle and Dave & Buster for 2019 ** Bloomin' Brands Inc: up 1.8 pct MS upgrades to "equal-weight" on stable brand metrics ** Walgreens Boots Alliance Inc: down 0.7 pct PREVIEW:Dips slightly ahead of results The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose more than 1 percent to session highs on Wednesday, ahead of a much-awaited Federal Reserve announcement that investors hope will point to a more moderate pace of future interest rate hikes and spark a year-end rally. | The top three S&P 500 percentage gainers: ** General Electric Co, up 7.1 pct ** General Mills Inc, up 6.6 pct ** American International Group Inc, up 5.7 pct The top three S&P 500 percentage losers: ** FedEx Corp, down 8.7 pct ** Allergan Plc, down 7.6 pct ** Facebook Inc, down 5.9 pct The top three NYSE percentage gainers: ** Winnebago Industries Inc, up 21.2 pct ** ABM Industries Inc, up 17.1 pct ** Civitas Solutions Inc, up 12.3 pct The top three NYSE percentage losers: ** Credit Suisse AG, down 15.2 pct ** FTS International Inc, down 14.8 pct ** Alpha Architect Intl Quantitative Momentum ETF, down 13.8 pct The top three Nasdaq percentage gainers: ** Marin Software Inc, up 75.8 pct ** Adial Pharmaceuticals Inc, up 21.5 pct ** Limbach Holdings Inc, up 17.9 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 75.5 pct ** Surface Oncology Inc, down 35.5 pct ** Cryoport Inc, down 22 pct ** FedEx Corp: down 8.7 pct ** United Parcel Service Inc: up 0.3 pct U.S. package delivery firms fall after FedEx flags slowing global trade Street View: FedEx's outlook cut much bigger than expected FedEx: Worst day in 10 yrs on warning, but transports unfazed ** Facebook Inc: down 5.9 pct Dips on latest concern over data sharing ** General Electric Co: up 7.1 pct First 3-day rally in 2 months on rating upgrade, health IPO move ** General Mills Inc: up 6.6 pct Rises as quarterly profit beats estimates ** Eli Lilly and Co: up 3.4 pct Gains on upbeat FY19 forecasts ** Winnebago Industries Inc: up 21.2 pct Shares jump on Q1 beat ** Civitas Solutions Inc: up 12.3 pct Jumps on being acquired for $641 mln ** Gilead Sciences Inc: up 1.6 pct Gains on co-development pact with Scholar Rock ** NCI Building Systems Inc: down 12.4 pct Record low after CEO says market softness to continue in 2019 ** CoreCivic Inc: down 4.6 pct ** Geo Group Inc: down 2.1 pct Prison stocks drop after new law to reduce sentences for some inmates ** Home Capital Group Inc: down 13.8 pct Slumps after Buffett's stake to dip to less than 10 pct ** Johnson & Johnson: down 1.0 pct Slides after losing bid to overturn talc verdict ** Diamondback Energy Inc: up 5.0 pct Up after 2019 production view, dividend raise plans ** Parex Resources Inc: up 5.1 pct Rises on termination of strategic review process ** Sealed Air Corp: up 3.9 pct BMO upgrades to "outperform", says risk/reward is now skewed to the upside ** Altus Midstream Co: down 3.7 pct Falls on closure of Gulf Coast Express pipeline option ** Rent-A-Center Inc: up 11.1 pct Rises as Vintage Capital urges co to return to work on merger ** Hershey Co: up 3.3 pct BofA-ML double upgrades to "buy", hikes PT by 30 pct ** Allergan Plc: down 7.6 pct Falls after co suspends breast implant sales in Europe ** Jabil Inc: up 6.6 pct Up after results beat and upbeat forecast ** Analog Devices Inc: down 2.0 pct MS downgrades, citing risks to semis in 2019 ** Micron Technology Inc: down 2.7 pct Street View: Micron Technology earnings signal tough road ahead ** Internap Corp: up 17.3 pct Surges on better FY outlook, stock buyback plan ** Aduro Biotech Inc: up 11.7 pct Rises on licensing deal with Eli Lilly ** Netflix Inc: up 1.8 pct Credit Suisse, contrary to Street, sees 2019 subscriber growth ** McDonald's Corp: up 1.3 pct ** Wendy's Co: up 0.9 pct ** Dunkin' Brands Group Inc: up 0.9 pct ** Darden Restaurants Inc: down 0.4 pct ** Bloomin' Brands Inc: up 1.8 pct ** Texas Roadhouse Inc: down 0.9 pct Barclays prefers quick service restaurants over casual dining in 2019 ** Lam Research Corp: down 0.4 pct ** Nvidia Corp: down 2.7 pct ** Xilinx Inc: down 1.0 pct ** Ambarella Inc: up 1.0 pct ** Amphenol Corp: up 0.5 pct ** ON Semiconductor Corp: down 1.9 pct ** Cypress Semiconductor Corp: down 0.4 pct ** Sensata Technologies Holding Plc: up 1.5 pct ** Advanced Micro Devices Inc: down 2.1 pct Chipmakers in 2019: "Stay cautious, bottom not in sight" - MS ** Intel Corp: down 1.0 pct ** Advanced Micro Devices Inc: down 2.1 pct Intel vs. AMD: MS biased towards Intel ** McDonald's Corp: up 1.3 pct ** Starbucks Corp: up 0.5 pct ** Chipotle Mexican Grill Inc: down 0.1 pct ** Dave & Buster's Entertainment Inc: down 0.6 pct ** Shake Shack Inc: up 2.2 pct ** Red Robin Gourmet Burgers Inc: down 0.8 pct Jefferies picks McDonald's, Starbucks, Chipotle and Dave & Buster for 2019 ** Bloomin' Brands Inc: up 1.8 pct MS upgrades to "equal-weight" on stable brand metrics ** Walgreens Boots Alliance Inc: down 0.7 pct PREVIEW:Dips slightly ahead of results The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose more than 1 percent to session highs on Wednesday, ahead of a much-awaited Federal Reserve announcement that investors hope will point to a more moderate pace of future interest rate hikes and spark a year-end rally. | The top three S&P 500 percentage gainers: ** General Electric Co, up 7.1 pct ** General Mills Inc, up 6.6 pct ** American International Group Inc, up 5.7 pct The top three S&P 500 percentage losers: ** FedEx Corp, down 8.7 pct ** Allergan Plc, down 7.6 pct ** Facebook Inc, down 5.9 pct The top three NYSE percentage gainers: ** Winnebago Industries Inc, up 21.2 pct ** ABM Industries Inc, up 17.1 pct ** Civitas Solutions Inc, up 12.3 pct The top three NYSE percentage losers: ** Credit Suisse AG, down 15.2 pct ** FTS International Inc, down 14.8 pct ** Alpha Architect Intl Quantitative Momentum ETF, down 13.8 pct The top three Nasdaq percentage gainers: ** Marin Software Inc, up 75.8 pct ** Adial Pharmaceuticals Inc, up 21.5 pct ** Limbach Holdings Inc, up 17.9 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 75.5 pct ** Surface Oncology Inc, down 35.5 pct ** Cryoport Inc, down 22 pct ** FedEx Corp: down 8.7 pct ** United Parcel Service Inc: up 0.3 pct U.S. package delivery firms fall after FedEx flags slowing global trade Street View: FedEx's outlook cut much bigger than expected FedEx: Worst day in 10 yrs on warning, but transports unfazed ** Facebook Inc: down 5.9 pct Dips on latest concern over data sharing ** General Electric Co: up 7.1 pct First 3-day rally in 2 months on rating upgrade, health IPO move ** General Mills Inc: up 6.6 pct Rises as quarterly profit beats estimates ** Eli Lilly and Co: up 3.4 pct Gains on upbeat FY19 forecasts ** Winnebago Industries Inc: up 21.2 pct Shares jump on Q1 beat ** Civitas Solutions Inc: up 12.3 pct Jumps on being acquired for $641 mln ** Gilead Sciences Inc: up 1.6 pct Gains on co-development pact with Scholar Rock ** NCI Building Systems Inc: down 12.4 pct Record low after CEO says market softness to continue in 2019 ** CoreCivic Inc: down 4.6 pct ** Geo Group Inc: down 2.1 pct Prison stocks drop after new law to reduce sentences for some inmates ** Home Capital Group Inc: down 13.8 pct Slumps after Buffett's stake to dip to less than 10 pct ** Johnson & Johnson: down 1.0 pct Slides after losing bid to overturn talc verdict ** Diamondback Energy Inc: up 5.0 pct Up after 2019 production view, dividend raise plans ** Parex Resources Inc: up 5.1 pct Rises on termination of strategic review process ** Sealed Air Corp: up 3.9 pct BMO upgrades to "outperform", says risk/reward is now skewed to the upside ** Altus Midstream Co: down 3.7 pct Falls on closure of Gulf Coast Express pipeline option ** Rent-A-Center Inc: up 11.1 pct Rises as Vintage Capital urges co to return to work on merger ** Hershey Co: up 3.3 pct BofA-ML double upgrades to "buy", hikes PT by 30 pct ** Allergan Plc: down 7.6 pct Falls after co suspends breast implant sales in Europe ** Jabil Inc: up 6.6 pct Up after results beat and upbeat forecast ** Analog Devices Inc: down 2.0 pct MS downgrades, citing risks to semis in 2019 ** Micron Technology Inc: down 2.7 pct Street View: Micron Technology earnings signal tough road ahead ** Internap Corp: up 17.3 pct Surges on better FY outlook, stock buyback plan ** Aduro Biotech Inc: up 11.7 pct Rises on licensing deal with Eli Lilly ** Netflix Inc: up 1.8 pct Credit Suisse, contrary to Street, sees 2019 subscriber growth ** McDonald's Corp: up 1.3 pct ** Wendy's Co: up 0.9 pct ** Dunkin' Brands Group Inc: up 0.9 pct ** Darden Restaurants Inc: down 0.4 pct ** Bloomin' Brands Inc: up 1.8 pct ** Texas Roadhouse Inc: down 0.9 pct Barclays prefers quick service restaurants over casual dining in 2019 ** Lam Research Corp: down 0.4 pct ** Nvidia Corp: down 2.7 pct ** Xilinx Inc: down 1.0 pct ** Ambarella Inc: up 1.0 pct ** Amphenol Corp: up 0.5 pct ** ON Semiconductor Corp: down 1.9 pct ** Cypress Semiconductor Corp: down 0.4 pct ** Sensata Technologies Holding Plc: up 1.5 pct ** Advanced Micro Devices Inc: down 2.1 pct Chipmakers in 2019: "Stay cautious, bottom not in sight" - MS ** Intel Corp: down 1.0 pct ** Advanced Micro Devices Inc: down 2.1 pct Intel vs. AMD: MS biased towards Intel ** McDonald's Corp: up 1.3 pct ** Starbucks Corp: up 0.5 pct ** Chipotle Mexican Grill Inc: down 0.1 pct ** Dave & Buster's Entertainment Inc: down 0.6 pct ** Shake Shack Inc: up 2.2 pct ** Red Robin Gourmet Burgers Inc: down 0.8 pct Jefferies picks McDonald's, Starbucks, Chipotle and Dave & Buster for 2019 ** Bloomin' Brands Inc: up 1.8 pct MS upgrades to "equal-weight" on stable brand metrics ** Walgreens Boots Alliance Inc: down 0.7 pct PREVIEW:Dips slightly ahead of results The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose more than 1 percent to session highs on Wednesday, ahead of a much-awaited Federal Reserve announcement that investors hope will point to a more moderate pace of future interest rate hikes and spark a year-end rally. | The top three S&P 500 percentage gainers: ** General Electric Co, up 7.1 pct ** General Mills Inc, up 6.6 pct ** American International Group Inc, up 5.7 pct The top three S&P 500 percentage losers: ** FedEx Corp, down 8.7 pct ** Allergan Plc, down 7.6 pct ** Facebook Inc, down 5.9 pct The top three NYSE percentage gainers: ** Winnebago Industries Inc, up 21.2 pct ** ABM Industries Inc, up 17.1 pct ** Civitas Solutions Inc, up 12.3 pct The top three NYSE percentage losers: ** Credit Suisse AG, down 15.2 pct ** FTS International Inc, down 14.8 pct ** Alpha Architect Intl Quantitative Momentum ETF, down 13.8 pct The top three Nasdaq percentage gainers: ** Marin Software Inc, up 75.8 pct ** Adial Pharmaceuticals Inc, up 21.5 pct ** Limbach Holdings Inc, up 17.9 pct The top three Nasdaq percentage losers: ** Datasea Inc, down 75.5 pct ** Surface Oncology Inc, down 35.5 pct ** Cryoport Inc, down 22 pct ** FedEx Corp: down 8.7 pct ** United Parcel Service Inc: up 0.3 pct U.S. package delivery firms fall after FedEx flags slowing global trade Street View: FedEx's outlook cut much bigger than expected FedEx: Worst day in 10 yrs on warning, but transports unfazed ** Facebook Inc: down 5.9 pct Dips on latest concern over data sharing ** General Electric Co: up 7.1 pct First 3-day rally in 2 months on rating upgrade, health IPO move ** General Mills Inc: up 6.6 pct Rises as quarterly profit beats estimates ** Eli Lilly and Co: up 3.4 pct Gains on upbeat FY19 forecasts ** Winnebago Industries Inc: up 21.2 pct Shares jump on Q1 beat ** Civitas Solutions Inc: up 12.3 pct Jumps on being acquired for $641 mln ** Gilead Sciences Inc: up 1.6 pct Gains on co-development pact with Scholar Rock ** NCI Building Systems Inc: down 12.4 pct Record low after CEO says market softness to continue in 2019 ** CoreCivic Inc: down 4.6 pct ** Geo Group Inc: down 2.1 pct Prison stocks drop after new law to reduce sentences for some inmates ** Home Capital Group Inc: down 13.8 pct Slumps after Buffett's stake to dip to less than 10 pct ** Johnson & Johnson: down 1.0 pct Slides after losing bid to overturn talc verdict ** Diamondback Energy Inc: up 5.0 pct Up after 2019 production view, dividend raise plans ** Parex Resources Inc: up 5.1 pct Rises on termination of strategic review process ** Sealed Air Corp: up 3.9 pct BMO upgrades to "outperform", says risk/reward is now skewed to the upside ** Altus Midstream Co: down 3.7 pct Falls on closure of Gulf Coast Express pipeline option ** Rent-A-Center Inc: up 11.1 pct Rises as Vintage Capital urges co to return to work on merger ** Hershey Co: up 3.3 pct BofA-ML double upgrades to "buy", hikes PT by 30 pct ** Allergan Plc: down 7.6 pct Falls after co suspends breast implant sales in Europe ** Jabil Inc: up 6.6 pct Up after results beat and upbeat forecast ** Analog Devices Inc: down 2.0 pct MS downgrades, citing risks to semis in 2019 ** Micron Technology Inc: down 2.7 pct Street View: Micron Technology earnings signal tough road ahead ** Internap Corp: up 17.3 pct Surges on better FY outlook, stock buyback plan ** Aduro Biotech Inc: up 11.7 pct Rises on licensing deal with Eli Lilly ** Netflix Inc: up 1.8 pct Credit Suisse, contrary to Street, sees 2019 subscriber growth ** McDonald's Corp: up 1.3 pct ** Wendy's Co: up 0.9 pct ** Dunkin' Brands Group Inc: up 0.9 pct ** Darden Restaurants Inc: down 0.4 pct ** Bloomin' Brands Inc: up 1.8 pct ** Texas Roadhouse Inc: down 0.9 pct Barclays prefers quick service restaurants over casual dining in 2019 ** Lam Research Corp: down 0.4 pct ** Nvidia Corp: down 2.7 pct ** Xilinx Inc: down 1.0 pct ** Ambarella Inc: up 1.0 pct ** Amphenol Corp: up 0.5 pct ** ON Semiconductor Corp: down 1.9 pct ** Cypress Semiconductor Corp: down 0.4 pct ** Sensata Technologies Holding Plc: up 1.5 pct ** Advanced Micro Devices Inc: down 2.1 pct Chipmakers in 2019: "Stay cautious, bottom not in sight" - MS ** Intel Corp: down 1.0 pct ** Advanced Micro Devices Inc: down 2.1 pct Intel vs. AMD: MS biased towards Intel ** McDonald's Corp: up 1.3 pct ** Starbucks Corp: up 0.5 pct ** Chipotle Mexican Grill Inc: down 0.1 pct ** Dave & Buster's Entertainment Inc: down 0.6 pct ** Shake Shack Inc: up 2.2 pct ** Red Robin Gourmet Burgers Inc: down 0.8 pct Jefferies picks McDonald's, Starbucks, Chipotle and Dave & Buster for 2019 ** Bloomin' Brands Inc: up 1.8 pct MS upgrades to "equal-weight" on stable brand metrics ** Walgreens Boots Alliance Inc: down 0.7 pct PREVIEW:Dips slightly ahead of results The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose more than 1 percent to session highs on Wednesday, ahead of a much-awaited Federal Reserve announcement that investors hope will point to a more moderate pace of future interest rate hikes and spark a year-end rally. |
29410.0 | 2018-12-18 00:00:00 UTC | ABM Industries (ABM) Q4 Earnings and Revenues Beat Estimates | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q4-earnings-and-revenues-beat-estimates-2018-12-18 | nan | nan | ABM Industries (ABM) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.75%. 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 $0.54 per share when it actually produced earnings of $0.57, delivering a surprise of 5.56%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.65 billion for the quarter ended October 2018, surpassing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $1.50 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 lost about 31.2% since the beginning of the year versus the S&P 500's decline of -4.8%.
What's Next for ABM Industries?
While ABM Industries has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ABM Industries was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.28 on $1.65 billion in revenues for the coming quarter and $2.04 on $6.68 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 bottom 4% 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.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.65 billion for the quarter ended October 2018, surpassing the Zacks Consensus Estimate by 0.07%. ABM Industries shares have lost about 31.2% since the beginning of the year versus the S&P 500's decline of -4.8%. | ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.65 billion for the quarter ended October 2018, surpassing the Zacks Consensus Estimate by 0.07%. ABM Industries (ABM) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. ABM Industries shares have lost about 31.2% since the beginning of the year versus the S&P 500's decline of -4.8%. | ABM Industries (ABM) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.65 billion for the quarter ended October 2018, surpassing the Zacks Consensus Estimate by 0.07%. ABM Industries shares have lost about 31.2% since the beginning of the year versus the S&P 500's decline of -4.8%. | ABM Industries (ABM) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. While ABM Industries has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.65 billion for the quarter ended October 2018, surpassing the Zacks Consensus Estimate by 0.07%. |
29411.0 | 2018-12-18 00:00:00 UTC | Earnings Reaction History: ABM Industries Inc., 85.7% Follow-Through Indicator, 6.7% Sensitive | ABM | https://www.nasdaq.com/articles/earnings-reaction-history-abm-industries-inc-857-follow-through-indicator-67-sensitive | nan | nan | Expected Earnings Release: 12/18/2018, After-hours
Avg. Extended-Hours Dollar Volume: $2,163,208
ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 100%
Average next regular session additional gain: 3.8%
Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 3.8%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 66.7%
Average next regular session additional loss: 5%
Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 3.8% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 3.8%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $2,163,208 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 3.8% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 3.8%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $2,163,208 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 3.8% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 3.8%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $2,163,208 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Extended-Hours Dollar Volume: $2,163,208 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 3.8% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 3.8%. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. |
29412.0 | 2018-12-18 00:00:00 UTC | After-Hours Earnings Report for December 18, 2018 : FDX, MU, JBL, ABM, AIR, SCS | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-december-18-2018-fdx-mu-jbl-abm-air-scs-2018-12-18 | nan | nan | The following companies are expected to report earnings after hours on 12/18/2018. Visit our Earnings Calendar for a full list of expected earnings releases.
FedEx Corporation ( FDX ) is reporting for the quarter ending November 30, 2018. The transportation company's consensus earnings per share forecast from the 11 analysts that follow the stock is $4.05. This value represents a 27.36% increase compared to the same quarter last year. FDX missed the consensus earnings per share in the 3rd calendar quarter of 2018 by -8.47%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for FDX is 10.52 vs. an industry ratio of 15.70.
Micron Technology, Inc. ( MU ) is reporting for the quarter ending November 30, 2018. The semiconductor company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.90. This value represents a 20.33% increase compared to the same quarter last year. In the past year MU has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 6.71%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for MU is 3.53 vs. an industry ratio of 3.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Jabil Inc. ( JBL ) is reporting for the quarter ending November 30, 2018. The electrical company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.69. This value represents a 35.29% increase compared to the same quarter last year. JBL missed the consensus earnings per share in the 4th calendar quarter of 2017 by -30.14%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for JBL is 9.06 vs. an industry ratio of 17.20.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2018. The building maintenance & services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.57. This value represents a 54.05% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 13.80 vs. an industry ratio of 13.20, implying that they will have a higher earnings growth than their competitors in the same industry.
AAR Corp. ( AIR ) is reporting for the quarter ending November 30, 2018. The aerospace and defense company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.57. This value represents a 62.86% increase compared to the same quarter last year. AIR missed the consensus earnings per share in the 4th calendar quarter of 2017 by -5.41%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for AIR is 14.77 vs. an industry ratio of 23.50.
Steelcase Inc. ( SCS ) is reporting for the quarter ending November 30, 2018. The business company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.30. This value represents a 36.36% increase compared to the same quarter last year. SCS missed the consensus earnings per share in the 2nd calendar quarter of 2018 by -6.67%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for SCS is 13.25 vs. an industry ratio of 11.20, 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.
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, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 13.80 vs. an industry ratio of 13.20, implying that they will have a higher earnings growth than their competitors in the same industry. The transportation company's consensus earnings per share forecast from the 11 analysts that follow the stock is $4.05. | Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 13.80 vs. an industry ratio of 13.20, 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, 2018. Zacks Investment Research reports that the 2019 Price to Earnings ratio for MU is 3.53 vs. an industry ratio of 3.50, implying that they will have a higher earnings growth than their competitors in the same industry. | Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 13.80 vs. an industry ratio of 13.20, 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, 2018. Zacks Investment Research reports that the 2019 Price to Earnings ratio for MU is 3.53 vs. an industry ratio of 3.50, 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 October 31, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 13.80 vs. an industry ratio of 13.20, implying that they will have a higher earnings growth than their competitors in the same industry. FDX missed the consensus earnings per share in the 3rd calendar quarter of 2018 by -8.47%. |
29413.0 | 2018-12-11 00:00:00 UTC | ABM Industries (ABM) Earnings Expected to Grow: Should You Buy? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-earnings-expected-to-grow%3A-should-you-buy-2018-12-11 | 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 October 2018. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on December 18. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is expected to post quarterly earnings of $0.57 per share in its upcoming report, which represents a year-over-year change of +54.1%.
Revenues are expected to be $1.65 billion, up 10% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. 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.
Price, Consensus and EPS Surprise
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 version of the Zacks Consensus whose definition is subject 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.
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 the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
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?
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 $0.54 per share when it actually produced earnings of $0.57, delivering a surprise of +5.56%.
Over the last four quarters, the company has beaten consensus EPS estimates two 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.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 October 2018. How Have the Numbers Shaped Up for ABM Industries? For ABM Industries, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. | 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 October 2018. How Have the Numbers Shaped Up for ABM Industries? For ABM Industries, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. | 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 October 2018. How Have the Numbers Shaped Up for ABM Industries? For ABM Industries, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. | 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 October 2018. For ABM Industries, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. How Have the Numbers Shaped Up for ABM Industries? |
29414.0 | 2018-12-07 00:00:00 UTC | Commit To Purchase ABM Industries At $22.50, Earn 6.2% Annualized Using Options | ABM | https://www.nasdaq.com/articles/commit-purchase-abm-industries-2250-earn-62-annualized-using-options-2018-12-07 | nan | nan | Investors considering a purchase of ABM Industries, Inc. (Symbol: ABM) stock, but tentative about paying the going market price of $28.62/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2019 put at the $22.50 strike, which has a bid at the time of this writing of 85 cents. Collecting that bid as the premium represents a 3.8% return against the $22.50 commitment, or a 6.2% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to ABM's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $22.50 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless ABM Industries, Inc. sees its shares fall 22.5% and the contract is exercised (resulting in a cost basis of $21.65 per share before broker commissions, subtracting the 85 cents from $22.50), the only upside to the put seller is from collecting that premium for the 6.2% annualized rate of return.
Worth considering, is that the annualized 6.2% figure actually exceeds the 2.5% annualized dividend paid by ABM Industries, Inc. by 3.7%, based on the current share price of $28.62. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 22.47% to reach the $22.50 strike price.
Always important when discussing dividends is the fact that, 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 dividend 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 2.5% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $22.50 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the July 2019 put at the $22.50 strike for the 6.2% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for ABM Industries, Inc. (considering the last 251 trading day closing values as well as today's price of $28.62) to be 32%. For other put options contract ideas at the various different available expirations, visit the ABM Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Friday, the put volume among S&P 500 components was 1.55M contracts, with call volume at 1.79M, for a put:call ratio of 0.86 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $22.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the July 2019 put at the $22.50 strike for the 6.2% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for ABM Industries, Inc. (considering the last 251 trading day closing values as well as today's price of $28.62) to be 32%. Investors considering a purchase of ABM Industries, Inc. (Symbol: ABM) stock, but tentative about paying the going market price of $28.62/share, might benefit from considering selling puts among the alternative strategies at their disposal. | Selling a put does not give an investor access to ABM's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $22.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the July 2019 put at the $22.50 strike for the 6.2% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for ABM Industries, Inc. (considering the last 251 trading day closing values as well as today's price of $28.62) to be 32%. | Selling a put does not give an investor access to ABM's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $22.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the July 2019 put at the $22.50 strike for the 6.2% annualized rate of return represents good reward for the risks. Investors considering a purchase of ABM Industries, Inc. (Symbol: ABM) stock, but tentative about paying the going market price of $28.62/share, might benefit from considering selling puts among the alternative strategies at their disposal. | So unless ABM Industries, Inc. sees its shares fall 22.5% and the contract is exercised (resulting in a cost basis of $21.65 per share before broker commissions, subtracting the 85 cents from $22.50), the only upside to the put seller is from collecting that premium for the 6.2% annualized rate of return. In the case of ABM Industries, Inc., looking at the dividend 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 2.5% annualized dividend yield. Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $22.50 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the July 2019 put at the $22.50 strike for the 6.2% annualized rate of return represents good reward for the risks. |
29415.0 | 2018-12-03 00:00:00 UTC | Monday Sector Laggards: General Contractors & Builders, Waste Management Stocks | ABM | https://www.nasdaq.com/articles/monday-sector-laggards-general-contractors-builders-waste-management-stocks-2018-12-03 | nan | nan | In trading on Monday, general contractors & builders shares were relative laggards, down on the day by about 2%. Helping drag down the group were shares of Hovnanian Enterprises, down about 5.5% and shares of LGI Homes off about 4% on the day.
Also lagging the market Monday are waste management shares, down on the day by about 1.5% as a group, led down by Heritage-crystal Clean, trading lower by about 3.9% and ABM Industries, trading lower by about 3.5%.
VIDEO: Monday Sector Laggards: General Contractors & Builders, Waste Management Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also lagging the market Monday are waste management shares, down on the day by about 1.5% as a group, led down by Heritage-crystal Clean, trading lower by about 3.9% and ABM Industries, trading lower by about 3.5%. In trading on Monday, general contractors & builders shares were relative laggards, down on the day by about 2%. VIDEO: Monday Sector Laggards: General Contractors & Builders, Waste Management Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also lagging the market Monday are waste management shares, down on the day by about 1.5% as a group, led down by Heritage-crystal Clean, trading lower by about 3.9% and ABM Industries, trading lower by about 3.5%. In trading on Monday, general contractors & builders shares were relative laggards, down on the day by about 2%. VIDEO: Monday Sector Laggards: General Contractors & Builders, Waste Management Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also lagging the market Monday are waste management shares, down on the day by about 1.5% as a group, led down by Heritage-crystal Clean, trading lower by about 3.9% and ABM Industries, trading lower by about 3.5%. VIDEO: Monday Sector Laggards: General Contractors & Builders, Waste Management Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also lagging the market Monday are waste management shares, down on the day by about 1.5% as a group, led down by Heritage-crystal Clean, trading lower by about 3.9% and ABM Industries, trading lower by about 3.5%. In trading on Monday, general contractors & builders shares were relative laggards, down on the day by about 2%. Helping drag down the group were shares of Hovnanian Enterprises, down about 5.5% and shares of LGI Homes off about 4% on the day. |
29416.0 | 2018-11-28 00:00:00 UTC | 3 Dividend Stocks to Watch in December | ABM | https://www.nasdaq.com/articles/3-dividend-stocks-watch-december-2018-11-28 | nan | nan | Income investors love dividend stocks , because they offer healthy amounts of current income as well as the prospect for share-price growth. That powerful combination can lead to extremely strong long-term returns over time.
Some dividend stocks have so much success with their underlying businesses that they're able to boost their dividend payouts on a regular basis. In fact, a select few have turned dividend increases into a science, almost always announcing annual increases at the same time of year. Below, we'll look more closely at why income investors should look closely at AT&T (NYSE: T) , ABM Industries (NYSE: ABM) , and Erie Indemnity (NASDAQ: ERIE) to see if they deliver a nice holiday gift to their shareholders in the form of higher quarterly dividends.
Connect with dividends
AT&T needs little introduction for most investors, with the ubiquitous wireless network provider having roots dating back more than a century to the invention of the telephone. Along the way, the company has become one of the highest-paying dividend stocks among blue-chip companies, sporting a nearly 7% current yield.
From a fundamental perspective, investors haven't been entirely happy with AT&T . Concerns about price wars among major carriers have weighed on the share price. Yet AT&T has gone through similar cycles before, and that hasn't stopped the company from boosting its dividend every year for 34 straight years. Moreover, the telecom giant usually makes its announcement in mid-December, and a higher payout could calm nerves among shareholders worried about competitive pressures in the industry. Investors in AT&T shouldn't expect more than a minimal boost, but even that could restore confidence that the wireless provider's stock's in better shape than many think right now.
Building a strong foundation
ABM Industries is far from a household name among investors, especially compared to AT&T. Yet the company's an important player in the business services industry, providing services related to buildings and grounds ranging from HVAC and mechanical systems to janitorial and landscape work. The New York-based company dates back to the early 20th century, and it remains an important player in helping businesses make the most of their space.
ABM sports an even longer track record of dividend success than AT&T, with 51 straight annual increases helping to support its current 2.3% yield. The company usually reports fiscal fourth-quarter earnings in mid-December, and last year's dividend increase announcement came then, with a boost of 3%. A similar increase, likely to $0.18 per share, is probable this year, and if results remain strong, ABM could get a nice boost going into 2019.
Insuring shareholder income
Finally, Erie Indemnity is another relatively obscure company, but the insurance provider has done a good job of ensuing that its shareholders get consistent boosts to the income that they receive from owning the stock. The insurance industry is a good place for dividend investors, and for 28 years, Erie has given investors annual dividend increases, most often coming in December. With a dividend yield of 2.5% already, an increase would be icing on the cake for Erie shareholders counting on its income.
This time last year, Erie delivered the goods for dividend investors, with a more than 7% boost to the quarterly payout in the second week of December. A similar boost this year would bring Erie's dividend to $0.90 per share every three months, signaling another vote of confidence in the insurer's ability to continue its dividend growth streak well into the future.
Enjoy the holidays with higher dividends
Top stocks with a history of dividend growth are often predictable in when they'll spring good news on their shareholders, and by recognizing that fact in advance, you can be prepared when companies make their dividend announcements. Investors in these three stocks should look forward to more good news in December -- along with larger quarterly dividend payments through 2019 and beyond.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM sports an even longer track record of dividend success than AT&T, with 51 straight annual increases helping to support its current 2.3% yield. Below, we'll look more closely at why income investors should look closely at AT&T (NYSE: T) , ABM Industries (NYSE: ABM) , and Erie Indemnity (NASDAQ: ERIE) to see if they deliver a nice holiday gift to their shareholders in the form of higher quarterly dividends. Building a strong foundation ABM Industries is far from a household name among investors, especially compared to AT&T. | Below, we'll look more closely at why income investors should look closely at AT&T (NYSE: T) , ABM Industries (NYSE: ABM) , and Erie Indemnity (NASDAQ: ERIE) to see if they deliver a nice holiday gift to their shareholders in the form of higher quarterly dividends. Building a strong foundation ABM Industries is far from a household name among investors, especially compared to AT&T. ABM sports an even longer track record of dividend success than AT&T, with 51 straight annual increases helping to support its current 2.3% yield. | Below, we'll look more closely at why income investors should look closely at AT&T (NYSE: T) , ABM Industries (NYSE: ABM) , and Erie Indemnity (NASDAQ: ERIE) to see if they deliver a nice holiday gift to their shareholders in the form of higher quarterly dividends. Building a strong foundation ABM Industries is far from a household name among investors, especially compared to AT&T. ABM sports an even longer track record of dividend success than AT&T, with 51 straight annual increases helping to support its current 2.3% yield. | Below, we'll look more closely at why income investors should look closely at AT&T (NYSE: T) , ABM Industries (NYSE: ABM) , and Erie Indemnity (NASDAQ: ERIE) to see if they deliver a nice holiday gift to their shareholders in the form of higher quarterly dividends. Building a strong foundation ABM Industries is far from a household name among investors, especially compared to AT&T. ABM sports an even longer track record of dividend success than AT&T, with 51 straight annual increases helping to support its current 2.3% yield. |
29417.0 | 2018-11-23 00:00:00 UTC | Here's Why You Should Retain ABM Industries in Your Portfolio | ABM | https://www.nasdaq.com/articles/heres-why-you-should-retain-abm-industries-in-your-portfolio-2018-11-23 | nan | nan | ABM Industries IncorporatedABM is benefitting from systematic and strategic plans which are likely to drive long-term profits on the back of an industry-based go-to-market approach.
Shares of the company have gained 3.7% in the past six months, against the industry 's decline of 0.2%. With a market cap of $2 billion, ABM Industries is a stock that investors should retain in their portfolio now.
2020 Vision: Outlining Growth Prospects for the Next Five Years
ABM Industries' 2020 Vision outlines its long-term vision for the next five years and is contingent on three primary phases, the first of which is aimed to increase the efficiency of the company through diligent execution of the operating plan and stringent cost-reduction activities. The second phase is focused on driving growth across the realigned verticals on the back of effective realization of the cost savings from procurement, account management and other organizational changes. Based on the benefits from the first two phases, the final phase of the transformation will include accelerated growth impetus from the vertical alignment and account planning systems with focus on additional cost savings. ABM Industries is currently focusing on the second phase of the plan.
Realignment of Operational Structure
The company has launched a platform to deliver an end-to-end service model to clients by reorganizing operational structure to an on-site, mobile and on-demand market-based structure. The realignment has improved long-term growth prospects and has provided higher margin opportunities by enabling it to deliver end-to-end services to clients across urban, suburban and rural areas more effectively. The company expects to extend global footprint and strengthen position in existing markets on the back of inorganic and organic growth across the industry verticals.
Consistent Rewards to Shareholders
ABM Industries' consistent efforts in rewarding shareholders through dividend payments and share repurchases are positives. In the first nine months of fiscal 2018, the company returned $34.5 million of dividend payments to shareholders. However, no share repurchases were done in the said period.
In 2017, it paid $39.5 million in dividend and repurchased shares worth $7.9 million. In 2016, the company returned $36.9 million through dividend payment and $46.6 million through share buyback. In 2015, $36 million of dividend was paid and shares worth $31.4 million were repurchased. Such moves indicate the company's commitment to create value for shareholders and underline confidence in its business.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote
Wrapping up
In spite of riding on significant growth prospects, ABM Industries is not free from headwinds. It has a debt-laden balance sheet that may limit future expansion and worsen its risk profile. Moreover, escalating expenses are likely to weigh on the bottom line. Nevertheless, prudent strategic plans of actions under 2020 Vision will boost long-term profits.
Zacks Rank & Stocks to Consider
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 .
A few better-ranked stocks in the broader Business Services sector include Automatic Data Processing, Inc. ADP , BG Staffing, Inc. BGSF and Robert Half International Inc. RHI , each carrying a Zacks Rank #2 (Buy).
The long-term expected EPS (three to five years) growth rate for Automatic Data Processing, BG Staffing and Robert Half International is 12.5%, 20%, and 13.3%, respectively.
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries IncorporatedABM is benefitting from systematic and strategic plans which are likely to drive long-term profits on the back of an industry-based go-to-market approach. With a market cap of $2 billion, ABM Industries is a stock that investors should retain in their portfolio now. 2020 Vision: Outlining Growth Prospects for the Next Five Years ABM Industries' 2020 Vision outlines its long-term vision for the next five years and is contingent on three primary phases, the first of which is aimed to increase the efficiency of the company through diligent execution of the operating plan and stringent cost-reduction activities. | ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Wrapping up In spite of riding on significant growth prospects, ABM Industries is not free from headwinds. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Robert Half International Inc. (RHI): Free Stock Analysis Report BG Staffing Inc (BGSF): Free Stock Analysis Report Automatic Data Processing, Inc. (ADP): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM is benefitting from systematic and strategic plans which are likely to drive long-term profits on the back of an industry-based go-to-market approach. | 2020 Vision: Outlining Growth Prospects for the Next Five Years ABM Industries' 2020 Vision outlines its long-term vision for the next five years and is contingent on three primary phases, the first of which is aimed to increase the efficiency of the company through diligent execution of the operating plan and stringent cost-reduction activities. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Wrapping up In spite of riding on significant growth prospects, ABM Industries is not free from headwinds. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Robert Half International Inc. (RHI): Free Stock Analysis Report BG Staffing Inc (BGSF): Free Stock Analysis Report Automatic Data Processing, Inc. (ADP): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries is currently focusing on the second phase of the plan. Zacks Rank & Stocks to Consider Currently, ABM Industries carries a Zacks Rank #3 (Hold). ABM Industries IncorporatedABM is benefitting from systematic and strategic plans which are likely to drive long-term profits on the back of an industry-based go-to-market approach. |
29418.0 | 2018-11-07 00:00:00 UTC | Genpact (G) Q3 Earnings Surpass Estimates, Revenues Miss | ABM | https://www.nasdaq.com/articles/genpact-g-q3-earnings-surpass-estimates-revenues-miss-2018-11-07 | nan | nan | Genpact LimitedG reported mixed third-quarter 2018 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same.
Adjusted earnings per share of 48 cents outpaced the consensus mark and the year-ago figure by 2 cents. The bottom line was driven by a positive impact of 3 cents from higher operating profits and a penny from higher foreign currency exchange re-measurement gains, which were, however, partially offset by a tax impact of almost 3 cents due to the U.S. tax laws.
Revenues came in at $747.97 million, which lagged the consensus estimate by $8.1 million but improved 5.5% year over year on a reported basis and 6% on a constant-currency basis. The top line was driven by strong growth in the company's high-tech and life sciences verticals and contributions from CPG, manufacturing and healthcare.
So far this year, shares of Genpact have declined 13.7% against the 8.2% rise of the industry it belongs to.
Let's check out the numbers in detail.
Revenues in Detail
Total BPO revenues (83% of total revenues) increased 7% year over year to $623 million. Total IT revenues (17% of total revenues) of $125 million remained flat year over year.
Global Client (91% of total revenue) revenues climbed 7% year over year on a reported basis and 8% on a constant-currency basis to $683 million.
Under Global Client, Global Client BPO revenues of $586 million improved 8% year over year on a reported basis and 9% on a constant-currency basis. Global Client IT revenues grew 2% year over year to $98 million.
General Electric (GE) revenues of $65 million declined 11% year over year. It accounted for 9% of total revenues.
GE BPO revenues declined 13% year over year to $37 million. GE IT revenues of $27 million decreased 7% from the year-ago quarter number.
Operating Results
Adjusted income from operations totaled $124.19 million, up 7.1% year over year. Adjusted operating income margin increased to 16.6% from 16.4% in the year-ago quarter.
Selling, general & administrative (SG&A) expenses amounted to $168.01 million, down 2.3% year over year. As a percentage of revenues, SG&A expenses were 22.5% compared with 24.3% in the prior-year quarter.
Genpact Limited Price, Consensus and EPS Surprise
Genpact Limited Price, Consensus and EPS Surprise | Genpact Limited Quote
Balance Sheet and Cash Flow
Genpact exited the third quarter with cash and cash equivalents of $401.23 million compared with $333.90 million at the end of the previous quarter. Long-term debt (less current portion) totaled $983.88 million compared with $987.31 million at the end of second-quarter 2018.
The company generated $153 million of cash from operating activities in the reported quarter. Capital expenditures, as a percentage of revenues, came in at 5.2%.
Genpact returned almost $14 million to its shareholders through dividend payments (quarterly dividend of 7.5 per share).
Guidance
For 2018, Genpact continues to expect revenues in the range of $2.95-$3.01 billion, which indicates year-over-year growth of almost 8-10% both on a reported and constant-currency basis. Notably, the Zacks Consensus Estimate of $2.98 billion is in line with the midpoint of the guided range.
Global Client revenues are expected to register 9.5-11.5% growth, both on a reported and constant-currency basis. Adjusted operating income marginis anticipated to be around 15.8%. Effective tax rate is expected to be at the lower end of the 21-22% range.
Adjusted earnings are projected to be at the higher end of the previously guided range of $1.72-$1.76 per share.The Zacks Consensus Estimate stands at $1.75, a penny above the midpoint of the guided range.
Capital expenditure for the full year is expected to lie between 3% and 3.5%.
Zacks Rank & Upcoming Releases
Genpact currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like Navigant Consulting NCI , ABM Industries ABM and Accenture ACN . While Navigant will report third-quarter 2018 results on Nov 8, ABM Industries and Accenture are expected to release fourth-quarter fiscal 2018 results on Dec 12 and Dec 20, respectively.
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
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ABM Industries Incorporated (ABM): Free Stock Analysis Report
Accenture PLC (ACN): Free Stock Analysis Report
Navigant Consulting, Inc. (NCI): Free Stock Analysis Report
Genpact Limited (G): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 broader Business Services sector are keenly awaiting earnings reports from key players like Navigant Consulting NCI , ABM Industries ABM and Accenture ACN . While Navigant will report third-quarter 2018 results on Nov 8, ABM Industries and Accenture are expected to release fourth-quarter fiscal 2018 results on Dec 12 and Dec 20, respectively. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Navigant Consulting, Inc. (NCI): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Navigant Consulting, Inc. (NCI): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like Navigant Consulting NCI , ABM Industries ABM and Accenture ACN . While Navigant will report third-quarter 2018 results on Nov 8, ABM Industries and Accenture are expected to release fourth-quarter fiscal 2018 results on Dec 12 and Dec 20, respectively. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Navigant Consulting, Inc. (NCI): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like Navigant Consulting NCI , ABM Industries ABM and Accenture ACN . While Navigant will report third-quarter 2018 results on Nov 8, ABM Industries and Accenture are expected to release fourth-quarter fiscal 2018 results on Dec 12 and Dec 20, respectively. | Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like Navigant Consulting NCI , ABM Industries ABM and Accenture ACN . While Navigant will report third-quarter 2018 results on Nov 8, ABM Industries and Accenture are expected to release fourth-quarter fiscal 2018 results on Dec 12 and Dec 20, respectively. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Navigant Consulting, Inc. (NCI): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report To read this article on Zacks.com click here. |
29419.0 | 2018-10-06 00:00:00 UTC | ABM Industries (ABM) Up 1% Since Last Earnings Report: Can It Continue? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-up-1-since-last-earnings-report%3A-can-it-continue-2018-10-06 | nan | nan | A month has gone by since the last earnings report for ABM Industries (ABM). Shares have added about 1% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is ABM Industries due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
ABM Industries Q3 Earnings & Revenues Surpass Estimates
ABM Industries reported strong third-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate.
Adjusted earnings of 57 cents per share surpassed the Zacks Consensus Estimate by 3 cents and came ahead of the year-ago figure by 6 cents. The bottom line benefited from lower tax rates (as a result of the Tax Cuts and Jobs Act, which reduced corporate tax rates significantly) and higher revenue contribution. This was, however, partially offset by increased expenses related to the buyout of GCA Services Group as well as higher wage and overtime costs resulting from a tightening labor market.
Total revenues of $1.62 billion beat the consensus mark by $13 million and increased 23.2% year over year. The top line was driven by contributions from acquisition of GCA Services Group and organic growth within the Business & Industry segment, Technical Solutions and Technology & Manufacturing segments, partially offset by the Aviation segment.
Revenues related to GCA acquisition came in at $260 million, which was reflected in the Education ($143.5 million), the Technology & Manufacturing ($59.6 million), and the Business & Industry segments ($45.3 million).
Organic revenue growth was 4.5%, mainly driven by growth within the Business & Industry segment, which includes an UK-related contract win from September 2017. Organic revenue growth within Technical Solutions was 14%.
Revenues by Segment
Business & Industry revenues (45% of total revenues) increased 12.7% year over year to $735.2 million. Technology & Manufacturing revenues (14%) climbed 42.9% year over year to $230.8 million. Education revenues (13%) increased to $210.9 million from $67.3 million in the prior-year quarter. Technical Solutions revenues (7%) increased 14% year over year to $121.6 million. Healthcare revenues (4%) increased 16.5% year over year to $69.1 million. Aviation revenues (16%) declined 0.8% year over year to $256.8 million.
Operating Results
Adjusted EBITDA of $88.4 million improved 54.3% year over year due to the GCA acquisition. Adjusted EBITDA margin improved 110 bps to 5.4%.
Adjusted income from continuing operations was $38 million, up 30.5% year over year. Adjusted operating income margin was 2.3%, up 10 bps from the prior-year quarter.
Operating expenses increased 22.1% from the year-ago quarter to $1.45 billion. Selling, general and administrative expenses increased 8.6% from the year-ago quarter to $110 million.
Balance Sheet & Cash Flow
ABM Industries exited fiscal third quarter with cash and cash equivalents of $46 million compared with $69.7 million at the end of the prior quarter. Long-term debt was $998.4 million compared with $1.09 billion at the end of the prior quarter. Cash provided by operating activities was $74.2 million in the reported quarter.
Dividend Payment
ABM Industries paid a quarterly cash dividend of 17.5 cents per share, leading to $11.5 million of total dividend payment in the reported quarter. Additionally, the company's board of directors declared a cash dividend of 17.5 cents per share, payable on Nov 5 to shareholders of record on Oct 4. This marks the 210 th consecutive quarterly cash dividend declared by the company.
Fiscal 2018 Guidance
ABM Industries reaffirmed its fiscal 2018 guidance for adjusted income from continuing operations in the range of $1.85-$1.95 per share.
How Have Estimates Been Moving Since Then?
Fresh estimates followed a downward path over the past two months.
VGM Scores
At this time, ABM Industries has a great Growth Score of A, a grade with the same score on the momentum front. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
ABM Industries has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 positive trend continue leading up to its next earnings release, or is ABM Industries due for a pullback? ABM Industries Q3 Earnings & Revenues Surpass Estimates ABM Industries reported strong third-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. | ABM Industries Q3 Earnings & Revenues Surpass Estimates ABM Industries reported strong third-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Dividend Payment ABM Industries paid a quarterly cash dividend of 17.5 cents per share, leading to $11.5 million of total dividend payment in the reported quarter. A month has gone by since the last earnings report for ABM Industries (ABM). | ABM Industries Q3 Earnings & Revenues Surpass Estimates ABM Industries reported strong third-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. A month has gone by since the last earnings report for ABM Industries (ABM). Will the recent positive trend continue leading up to its next earnings release, or is ABM Industries due for a pullback? | A month has gone by since the last earnings report for ABM Industries (ABM). ABM Industries Q3 Earnings & Revenues Surpass Estimates ABM Industries reported strong third-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Will the recent positive trend continue leading up to its next earnings release, or is ABM Industries due for a pullback? |
29420.0 | 2018-10-05 00:00:00 UTC | A Marketing-Based Approach to Building the Blockchain Developer Community | ABM | https://www.nasdaq.com/articles/marketing-based-approach-building-blockchain-developer-community-2018-10-05 | nan | nan | Over the last decade, there has been rapid evolution in the approach marketers take to acquire new customers. However, these changes have typically not been applied to companies looking to build developer communities. This blind spot is particularly felt in the blockchain market, where developer resources and engagement are challenged by the nascent stage of the industry.
Traditional customer acquisition was based on the "spray and pray" model. Marketers used outbound email, phone calls and content to carpet-bomb potential customers, and success was measured by the tonnage of activity.
With the widespread adoption of sales enablement tools, such as automated email marketing tools that enable a continuous cadence of outbound messages, consumers became drowned in the noise. As an example, 53 percent of consumers polled by DMA Insights indicated that they get too many irrelevant emails. For a lot of marketers, this might all sound eerily like their current programs, but starting in the early 2010s, some innovative marketers started to deploy account-based marketing (ABM) approaches.
ABM reverses the traditional top-down pyramid, with the focus on creating a subset of customers that marketers have selected based on a deep understanding of customer needs and their own product's value proposition.
According to research by the ITSMA , 87 percent of companies believe that ABM marketing delivers a higher return on investment than other types of marketing. Meanwhile, Demand Metric noted that 69 percent of ABM users said the primary benefit of the approach was better aligned sales and marketing teams.
Applying ABM to Developer Recruitment
Developer communities started to take off with the use of open-source software in the 1990s and early 2000s, resulting in the formation of groups like Linux and Mozilla. Open-source software now leads certain markets. To support this, the active developer community has grown to approximately 21 million (according to Chris Wanstrath , CEO of GitHub), with JavaScript and Python representing 41 percent of total programming pull requests.
The blockchain developer community is currently dominated by Ethereum, with ConsenSys claiming 250,000 developers using that platform. This information is supported by Kevin Rooke, who noted that 94 out of the top-100 blockchain projects were launched on the Ethereum network.
For new blockchain companies, perhaps the best approach to scale a community is not to compete with the relatively small Ethereum community, but to attract other developers who are looking for new ways to build blockchain applications.
To market to these developers, companies initially relied on word-of-mouth from an enthusiastic community, and then scaled as businesses deployed open-source software into existing proprietary software environments. This approach worked well at the onset of the open-source movement when there were a limited number of new entrants, but the difficulty is in scaling up a developer community in a highly competitive market for developers where there are alternative software communities providing similar products.
Adopting the ABM process to building a developer community can help address this, since it has proven to successfully work in scaling to target large customer bases. The mindset change it requires is that the focus is not finding "general" developers but those that represent the target profile.
To build this profile, marketers should understand the journey that a developer goes through in determining what programming language to spend his or her time on. Also, working with the technical team of the company, understand what the psychographic attributes of the ideal developer profile are. Psychographic attributes include information on someone's personality, values, opinions, attitudes, interests and lifestyles. For companies thinking about this approach, HubSpot has developed a free guide to help build a psychographic profile.
Once this groundwork is accomplished, the next strategy for the community manager is to build an outbound engagement strategy based on getting developers to know, then like and ultimately trust the blockchain programming language as a long-term platform for them to work on. Using the profile and daily journey profile, a marketer should have a good idea on whom to reach on what sites.
Throughout this ABM process, every step of the onboarding process should be measured and constantly optimized. For example, placing all content shared in a centralized content management system (i.e., Salesforce) that can track engagement.
In summary, ABM does provide a new framework on how to identify the right developer profile at scale. For those community managers with the willingness to learn from other applications of this approach, ABM provides a better strategy to succeed in winning developer mindshare and time.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Adopting the ABM process to building a developer community can help address this, since it has proven to successfully work in scaling to target large customer bases. For those community managers with the willingness to learn from other applications of this approach, ABM provides a better strategy to succeed in winning developer mindshare and time. For a lot of marketers, this might all sound eerily like their current programs, but starting in the early 2010s, some innovative marketers started to deploy account-based marketing (ABM) approaches. | For a lot of marketers, this might all sound eerily like their current programs, but starting in the early 2010s, some innovative marketers started to deploy account-based marketing (ABM) approaches. ABM reverses the traditional top-down pyramid, with the focus on creating a subset of customers that marketers have selected based on a deep understanding of customer needs and their own product's value proposition. According to research by the ITSMA , 87 percent of companies believe that ABM marketing delivers a higher return on investment than other types of marketing. | For a lot of marketers, this might all sound eerily like their current programs, but starting in the early 2010s, some innovative marketers started to deploy account-based marketing (ABM) approaches. ABM reverses the traditional top-down pyramid, with the focus on creating a subset of customers that marketers have selected based on a deep understanding of customer needs and their own product's value proposition. According to research by the ITSMA , 87 percent of companies believe that ABM marketing delivers a higher return on investment than other types of marketing. | Applying ABM to Developer Recruitment Developer communities started to take off with the use of open-source software in the 1990s and early 2000s, resulting in the formation of groups like Linux and Mozilla. Adopting the ABM process to building a developer community can help address this, since it has proven to successfully work in scaling to target large customer bases. For a lot of marketers, this might all sound eerily like their current programs, but starting in the early 2010s, some innovative marketers started to deploy account-based marketing (ABM) approaches. |
29421.0 | 2018-10-04 00:00:00 UTC | ABM Industries a Top Ranked SAFE Dividend Stock With 2.2% Yield (ABM) | ABM | https://www.nasdaq.com/articles/abm-industries-top-ranked-safe-dividend-stock-22-yield-abm-2018-10-04 | nan | nan | ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.2% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel , ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF ( ITOT ), and is also an underlying holding representing 0.95% of the SPDR S&P Dividend ETF ( SDY ), which holds $153,441,978 worth of ABM shares.
ABM Industries, Inc. (Symbol: ABM) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S . Solid return - hefty yield and strong DividendRank characteristics; A. Accelerating amount - consistent dividend increases over time; F . Flawless history - never a missed or lowered dividend; E. Enduring - at least two decades of dividend payments.
The annualized dividend paid by ABM Industries, Inc. is $0.7/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/03/2018. Below is a long-term dividend history chart for ABM, which the report stressed as being of key importance.
ABM operates in the Waste Management sector, among companies like Waste Management, Inc. ( WM ), and Republic Services Inc ( RSG ).
Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Below is a long-term dividend history chart for ABM, which the report stressed as being of key importance. ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. According to the ETF Finder at ETF Channel , ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF ( ITOT ), and is also an underlying holding representing 0.95% of the SPDR S&P Dividend ETF ( SDY ), which holds $153,441,978 worth of ABM shares. | ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. ABM Industries, Inc. (Symbol: ABM) made the "Dividend Channel S.A.F.E. According to the ETF Finder at ETF Channel , ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF ( ITOT ), and is also an underlying holding representing 0.95% of the SPDR S&P Dividend ETF ( SDY ), which holds $153,441,978 worth of ABM shares. | According to the ETF Finder at ETF Channel , ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF ( ITOT ), and is also an underlying holding representing 0.95% of the SPDR S&P Dividend ETF ( SDY ), which holds $153,441,978 worth of ABM shares. The annualized dividend paid by ABM Industries, Inc. is $0.7/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/03/2018. ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. | ABM Industries, Inc. (Symbol: ABM) has been named to the Dividend Channel ''S.A.F.E. ABM Industries, Inc. (Symbol: ABM) made the "Dividend Channel S.A.F.E. According to the ETF Finder at ETF Channel , ABM Industries, Inc. is a member of the iShares S&P 1500 Index ETF ( ITOT ), and is also an underlying holding representing 0.95% of the SPDR S&P Dividend ETF ( SDY ), which holds $153,441,978 worth of ABM shares. |
29422.0 | 2018-10-01 00:00:00 UTC | Ex-Dividend Reminder: Wabash National, Brandywine Realty Trust and ABM Industries | ABM | https://www.nasdaq.com/articles/ex-dividend-reminder-wabash-national-brandywine-realty-trust-and-abm-industries-2018-10-01 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 10/3/18, Wabash National Corp (Symbol: WNC), Brandywine Realty Trust (Symbol: BDN), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Wabash National Corp will pay its quarterly dividend of $0.075 on 10/25/18, Brandywine Realty Trust will pay its quarterly dividend of $0.18 on 10/18/18, and ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 11/5/18. As a percentage of WNC's recent stock price of $18.38, this dividend works out to approximately 0.41%, so look for shares of Wabash National Corp to trade 0.41% lower - all else being equal - when WNC shares open for trading on 10/3/18. Similarly, investors should look for BDN to open 1.15% lower in price and for ABM to open 0.54% lower, all else being equal.
Below are dividend history charts for WNC, BDN, and ABM, showing historical dividends prior to the most recent ones declared.
Wabash National Corp (Symbol: WNC) :
Brandywine Realty Trust (Symbol: BDN) :
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 1.63% for Wabash National Corp, 4.60% for Brandywine Realty Trust, and 2.15% for ABM Industries, Inc..
In Monday trading, Wabash National Corp shares are currently up about 0.8%, Brandywine Realty Trust shares are down about 0.5%, and ABM Industries, Inc. shares are up about 1.1% 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | If they do continue, the current estimated yields on annualized basis would be 1.63% for Wabash National Corp, 4.60% for Brandywine Realty Trust, and 2.15% for ABM Industries, Inc.. Looking at the universe of stocks we cover at Dividend Channel , on 10/3/18, Wabash National Corp (Symbol: WNC), Brandywine Realty Trust (Symbol: BDN), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Wabash National Corp will pay its quarterly dividend of $0.075 on 10/25/18, Brandywine Realty Trust will pay its quarterly dividend of $0.18 on 10/18/18, and ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 11/5/18. | Looking at the universe of stocks we cover at Dividend Channel , on 10/3/18, Wabash National Corp (Symbol: WNC), Brandywine Realty Trust (Symbol: BDN), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Wabash National Corp will pay its quarterly dividend of $0.075 on 10/25/18, Brandywine Realty Trust will pay its quarterly dividend of $0.18 on 10/18/18, and ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 11/5/18. Wabash National Corp (Symbol: WNC) : Brandywine Realty Trust (Symbol: BDN) : 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 10/3/18, Wabash National Corp (Symbol: WNC), Brandywine Realty Trust (Symbol: BDN), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. Wabash National Corp will pay its quarterly dividend of $0.075 on 10/25/18, Brandywine Realty Trust will pay its quarterly dividend of $0.18 on 10/18/18, and ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 11/5/18. Wabash National Corp (Symbol: WNC) : Brandywine Realty Trust (Symbol: BDN) : ABM Industries, Inc. (Symbol: ABM) : In general, dividends are not always predictable, following the ups and downs of company profits over time. | Wabash National Corp (Symbol: WNC) : Brandywine Realty Trust (Symbol: BDN) : 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 1.63% for Wabash National Corp, 4.60% for Brandywine Realty Trust, and 2.15% for ABM Industries, Inc.. Looking at the universe of stocks we cover at Dividend Channel , on 10/3/18, Wabash National Corp (Symbol: WNC), Brandywine Realty Trust (Symbol: BDN), and ABM Industries, Inc. (Symbol: ABM) will all trade ex-dividend for their respective upcoming dividends. |
29423.0 | 2018-09-26 00:00:00 UTC | FVD, HDG: Big ETF Inflows | ABM | https://www.nasdaq.com/articles/fvd-hdg-big-etf-inflows-2018-09-26 | nan | nan | Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the First Trust Value Line Dividend Index Fund ( FVD ), which added 5,550,000 units, or a 4.0% increase week over week. Among the largest underlying components of FVD, in morning trading today Intelsat ( I ) is up about 1.8%, and ABM Industries ( ABM ) is lower by about 0.3%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares Hedge Replication ETF ( HDG ), which added 350,000 units, for a 32.6% increase in outstanding units.
VIDEO: FVD, HDG: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of FVD, in morning trading today Intelsat ( I ) is up about 1.8%, and ABM Industries ( ABM ) is lower by about 0.3%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the First Trust Value Line Dividend Index Fund ( FVD ), which added 5,550,000 units, or a 4.0% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares Hedge Replication ETF ( HDG ), which added 350,000 units, for a 32.6% increase in outstanding units. | Among the largest underlying components of FVD, in morning trading today Intelsat ( I ) is up about 1.8%, and ABM Industries ( ABM ) is lower by about 0.3%. And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares Hedge Replication ETF ( HDG ), which added 350,000 units, for a 32.6% increase in outstanding units. VIDEO: FVD, HDG: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of FVD, in morning trading today Intelsat ( I ) is up about 1.8%, and ABM Industries ( ABM ) is lower by about 0.3%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the First Trust Value Line Dividend Index Fund ( FVD ), which added 5,550,000 units, or a 4.0% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares Hedge Replication ETF ( HDG ), which added 350,000 units, for a 32.6% increase in outstanding units. | Among the largest underlying components of FVD, in morning trading today Intelsat ( I ) is up about 1.8%, and ABM Industries ( ABM ) is lower by about 0.3%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the First Trust Value Line Dividend Index Fund ( FVD ), which added 5,550,000 units, or a 4.0% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the ProShares Hedge Replication ETF ( HDG ), which added 350,000 units, for a 32.6% increase in outstanding units. |
29424.0 | 2018-09-10 00:00:00 UTC | ABM Industries (ABM) Surges: Stock Moves 7% Higher | ABM | https://www.nasdaq.com/articles/abm-industries-abm-surges%3A-stock-moves-7-higher-2018-09-10 | nan | nan | ABM Industries IncorporatedABM was a big mover last session, as the company saw its shares rise 7% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.35 to $32.98 in the past one-month time frame.
The move came after the company reported solid third-quarter fiscal 2018 results.
The company has seen one negative estimate revision in the past month, while its Zacks Consensus Estimate has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
ABM Industries currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
ABM Industries Incorporated Price
ABM Industries Incorporated Price | ABM Industries Incorporated Quote
A better-ranked stock in the Business Services sector is Conduent Incorporated CNDT , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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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.
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 IncorporatedABM was a big mover last session, as the company saw its shares rise 7% on Friday. ABM Industries currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%. ABM Industries Incorporated Price ABM Industries Incorporated Price | ABM Industries Incorporated Quote A better-ranked stock in the Business Services sector is Conduent Incorporated CNDT , which currently sports a Zacks Rank #1 (Strong Buy). | ABM Industries Incorporated Price ABM Industries Incorporated Price | ABM Industries Incorporated Quote A better-ranked stock in the Business Services sector is Conduent Incorporated CNDT , which currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Conduent Inc. (CNDT): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM was a big mover last session, as the company saw its shares rise 7% on Friday. | ABM Industries Incorporated Price ABM Industries Incorporated Price | ABM Industries Incorporated Quote A better-ranked stock in the Business Services sector is Conduent Incorporated CNDT , which currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Conduent Inc. (CNDT): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM was a big mover last session, as the company saw its shares rise 7% on Friday. | ABM Industries IncorporatedABM was a big mover last session, as the company saw its shares rise 7% on Friday. ABM Industries currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%. ABM Industries Incorporated Price ABM Industries Incorporated Price | ABM Industries Incorporated Quote A better-ranked stock in the Business Services sector is Conduent Incorporated CNDT , which currently sports a Zacks Rank #1 (Strong Buy). |
29425.0 | 2018-09-07 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-2018-09-07 | nan | nan | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $34.00, changing hands as high as $35.06 per share. ABM Industries, Inc. shares are currently trading up about 8.4% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average:
Looking at the chart above, ABM's low point in its 52 week range is $28.17 per share, with $44.70 as the 52 week high point - that compares with a last trade of $34.26.
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.
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 $34.00, changing hands as high as $35.06 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 $28.17 per share, with $44.70 as the 52 week high point - that compares with a last trade of $34.26. ABM Industries, Inc. shares are currently trading up about 8.4% on the day. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $34.00, changing hands as high as $35.06 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 $28.17 per share, with $44.70 as the 52 week high point - that compares with a last trade of $34.26. ABM Industries, Inc. shares are currently trading up about 8.4% on the day. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $34.00, changing hands as high as $35.06 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 $28.17 per share, with $44.70 as the 52 week high point - that compares with a last trade of $34.26. ABM Industries, Inc. shares are currently trading up about 8.4% on the day. | In trading on Friday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $34.00, changing hands as high as $35.06 per share. ABM Industries, Inc. shares are currently trading up about 8.4% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $28.17 per share, with $44.70 as the 52 week high point - that compares with a last trade of $34.26. |
29426.0 | 2018-09-07 00:00:00 UTC | ABM Industries (ABM) Q3 Earnings & Revenues Surpass Estimates | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q3-earnings-revenues-surpass-estimates-2018-09-07 | nan | nan | ABM Industries Inc.ABM reported strong third-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate.
Adjusted earnings of 57 cents per share surpassed the Zacks Consensus Estimate by 3 cents and came ahead of the year-ago figure by 6 cents. The bottom line benefited from lower tax rates (as a result of the Tax Cuts and Jobs Act, which reduced corporate tax rates significantly) and higher revenue contribution. This was, however, partially offset by increased expenses related to the buyout of CGA Services Group as well as higher wage and overtime costs resulting from a tightening labor market.
Total revenues of $1.62 billion beat the consensus mark by $13 million and increased 23.2% year over year. The top line was driven by contributions from acquisition of GCA Services Group and organic growth within the Business & Industry segment, Technical Solutions and Technology & Manufacturing segments, partially offset by the Aviation segment.
Revenues related to GCA acquisition came in at $260 million, which was reflected in the Education ($143.5 million), the Technology & Manufacturing ($59.6 million), and the Business & Industry segments ($45.3 million).
Organic revenue growth was 4.5%, mainly driven by growth within the Business & Industry segment, which includes a UK-related contract win from September 2017. Organic revenue growth within Technical Solutions was 14%.
So far this year, shares of ABM Industries have declined 16.3% against the industry 's gain of 20.3%.
Revenues by Segment
Business & Industry revenues (45% of total revenues) increased 12.7% year over year to $735.2 million. Technology & Manufacturing revenues (14%) climbed 42.9% year over year to $230.8 million. Education revenues (13%) increased to $210.9 million from $67.3 million in the prior-year quarter. Technical Solutions revenues (7%) increased 14% year over year to $121.6 million. Healthcare revenues (4%) increased 16.5% year over year to $69.1 million. Aviation revenues (16%) declined 0.8% year over year to $256.8 million.
ABM Industries Incorporated Revenue (TTM)
ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote
Operating Results
Adjusted EBITDA of $88.4 million improved 54.3% year over year due to the GCA acquisition. Adjusted EBITDA margin improved 110 bps to 5.4%.
Adjusted income from continuing operations was $38 million, up 30.5% year over year. Adjusted operating income margin was 2.3%, up 10 bps from the prior-year quarter.
Operating expenses increased 22.1% from the year-ago quarter to $1.45 billion. Selling, general and administrative expenses increased 8.6% from the year-ago quarter to $110 million.
Balance Sheet & Cash Flow
ABM Industries exited fiscal third quarter with cash and cash equivalents of $46 million compared with $69.7 million at the end of the prior quarter. Long-term debt was $998.4 million compared with $1.09 billion at the end of the prior quarter. Cash provided by operating activities was $74.2 million in the reported quarter.
Dividend Payment
ABM Industries paid a quarterly cash dividend of 17.5 cents per share, leading to $11.5 million of total dividend payment in the reported quarter. Additionally, the company's board of directors declared a cash dividend of 17.5 cents per share, payable on Nov 5 to shareholders of record on Oct 4. This marks the 210 th consecutive quarterly cash dividend declared by the company.
Fiscal 2018 Guidance
ABM Industries reaffirmed its fiscal 2018 guidance for adjusted income from continuing operations in the range of $1.85-$1.95 per share.
Zacks Rank & Upcoming Releases
ABM Industries currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like IHS Markit INFO , FactSet FDS and Paychex PAYX . IHS Markit will report third-quarter fiscal 2018 results on Sep 25. FactSet will release fourth-quarter fiscal 2018 results on the same day. Paychex is expected to release first-quarter fiscal 2019 results on Oct 2.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 strong third-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. So far this year, shares of ABM Industries have declined 16.3% against the industry 's gain of 20.3%. ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Results Adjusted EBITDA of $88.4 million improved 54.3% year over year due to the GCA acquisition. | ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Results Adjusted EBITDA of $88.4 million improved 54.3% year over year due to the GCA acquisition. Click to get this free report FactSet Research Systems Inc. (FDS): Free Stock Analysis Report IHS Markit Ltd. (INFO): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Paychex, Inc. (PAYX): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc.ABM reported strong third-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. | ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Results Adjusted EBITDA of $88.4 million improved 54.3% year over year due to the GCA acquisition. Click to get this free report FactSet Research Systems Inc. (FDS): Free Stock Analysis Report IHS Markit Ltd. (INFO): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Paychex, Inc. (PAYX): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc.ABM reported strong third-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. | ABM Industries Inc.ABM reported strong third-quarter fiscal 2018 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate. So far this year, shares of ABM Industries have declined 16.3% against the industry 's gain of 20.3%. ABM Industries Incorporated Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Results Adjusted EBITDA of $88.4 million improved 54.3% year over year due to the GCA acquisition. |
29427.0 | 2018-09-07 00:00:00 UTC | ABM Industries (ABM) Q3 2018 Earnings Conference Call Transcript | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q3-2018-earnings-conference-call-transcript-2018-09-07 | nan | nan | ABM Industries (NYSE: ABM)
Q3 2018 Earnings Conference Call
Sep. 7, 2018 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Greetings, and welcome to the ABM Industries third-quarter fiscal 2018 earnings call. [Operator instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Ms. Susie Choi, investor relations for ABM Industries.
Thank you. You may begin.
Susie Choi -- Investor Relations
Thank you all for joining us this morning. With us today are Scott Salmirs, our president and chief executive officer, and Anthony Scaglione, executive vice president and chief financial officer. We issued our press release yesterday afternoon announcing our third-quarter fiscal 2018 financial results. A copy of this release and an accompanying slide presentation can be found on our corporate website.
Before we begin, I would like to remind you that our call 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 a slide that accompanies our presentation. During the course of this call, certain non-GAAP financial information will be presented. A reconciliation of those numbers to GAAP financial measures is also available at the end of the presentation and on the company's website under the Investor tab. I would now like to turn the call over to Scott.
Scott Salmirs -- President and Chief Executive Officer
Thank you, Susie. Good morning, everyone. Before I begin my quarterly remarks, I want to welcome our newest board member, Don Colleran. We announced Don's appointment to our board yesterday.
As you may have seen in our press release, Don is a seasoned executive and currently executive vice president and chief sales officer at FedEx. He brings a wealth of experience and knowledge, particularly on sales and revenue generation, and we're thrilled to have him on our board. So by now I'm sure you had a chance to review our earnings release, and this morning Anthony and I will provide you some additional detail into our results. We'll also give you an update on what we're seeing from a labor perspective and discuss our areas of focus as we work to end the year in line with our outlook and prepare for 2019 forward.
Our results for the third quarter were largely as expected. We delivered strong organic growth of 4.5%, which continues to demonstrate our new sales culture. We saw expansion with some of our top clients, particularly in the business and industry, and technology and manufacturing segments, as marquis companies continue to choose ABM as they expand and grow. Additionally, technical solutions had a record sales quarter in the U.S., which enabled 14% organic growth.
Top-line growth remains a key priority for the entire company as our sales team and operations team work toward ending the year with a healthy pipeline. We believe we can continue the new sales momentum based on the $460 million we delivered in the first half of the year and head toward our goal of $900 million in annualized new sales. We are committed to recruiting, training and coaching great sales power. In fact, we currently have more than 90 sales rookies who are progressing through our new-hire sales academy, and we look forward to their increased contribution over the next 12 to 18 months.
I commend all of our teams for continuing to embrace our new sales mandate of pursuing new clients and continuing to cross-sell and upsell services. Our top-sales people spend all of our industry groups, and we are enthusiastic about the systemic changes we're seeing across the company. Our GAAP EPS, on a continuing basis, was $0.51, or $0.57 on an adjusted basis. These results were in line with our expectations and further demonstrates how resilient we are in a variety of different macroeconomic environments.
We are particularly encouraged by our ability to execute across all of our initiatives during the third quarter, considering the labor markets have not shown any sign of easing. Let me take a moment to share what we have seen on the broader labor front. On last quarter's call, we discussed the acceleration of labor pressures as our economy experience historically low levels of unemployment for both skilled and unskilled labor. This led to a lower level of qualified applicants and higher turnover, which affected wage growth and an overall increase in investment needed to attract and retain talent.
Given that direct labor cost comprised the majority of our expense line, these factors have a meaningful impact on our operations. Unfortunately, pricing is not immediately elastic when you have fixed-price contracts, and as we've said before, it will take time before the full-pricing environment has caught up to the current labor market. We're in early stages of having strategic discussions with some of our clients to address these cost pressures. While it's only been a few months, we've seen a mixed response so far.
In some cases, clients are open to a positive, proactive conversation on price increases, even before the contractual period expires. At the same time, we're also applying to a non-opening to revisiting prices prior to contract expiration. As we manage the next fiscal year, our organic growth will be predicated on retention, given the challenging operating environment and the need to increase prices on some contracts due to labor-based profitability deterioration. And let me be clear, our outlook on this front has not changed since we started seeing these pressures.
This is the natural dynamic within our business, and we're prepared to navigate our retention cycles just as we have in the past. Our priorities will be to grow our business with new sales and adopt the necessary pricing dynamics in today's environment, and then managing our retention prudently and responsibly. This underscores the necessity for the investments we have made and will make in the future as part of our 2020 vision strategy. On past calls, we've mentioned several key areas of focus such as upgrading our information systems to drive consistency across our standard operating practices.
I want to highlight a few areas where we're making upgrades in the first and second half of next year, setting the stage for benefits over the long term. First, we're upgrading our enterprisewide labor management platform. This will enhance our time and attendance process and give our field-level managers the ability to schedule our staff more efficiently. We will start to rollout the new system during the first half of fiscal 2019.
This is so important as we are a labor company at our core, and given my comments are only the challenges, this system will provide better insight and controls around our labor processing. We are also improving our unit resources capabilities with a new human capital management HRIS system. This new system will automate and transform many core HR areas such as workforce management, reporting and analytics, and HR compliance management. We're also making other investments to leverage of cloud-based data warehouse strategy.
The goal is to ensure that all of our systems will be seamlessly linked together, providing us with easy, fast access to data. The key benefactor of this cloud-based strategy will be our legacy ABM and GCA enterprise resource planning systems. As you know, we've been operating on two ERP systems through this year of integration. We took a responsible approach to making investments and internal processes and systems given the upcoming convergence to one centralized platform.
We look forward to the efficiencies and improvements this unified platform will bring for internal control framework. In addition to these transformative implementations, the enterprise continues to focus on processes that will support our back-office operations. We have made progress on a number of fronts in our new shared services environment, which has had a positive impact on the cash flow generation. During the quarter, we generated $60 million of free cash flow, and we are now poised to deliver more than $175 million for the year.
Given our successful execution during the third quarter and our unchanging view for the near-term macroeconomic labor environment, we are reiterating our 2018 guidance outlook today. Before I turn the call over to Anthony, I wanted to note that we recently celebrated our one-year anniversary of acquiring GCA. The past 12 months have been an amazing period of teamwork and change management. I've seen our employees working together diligently to integrate our two distinct organizations, including navigating multiple systems and delivering on the high end of our synergy targets.
As we close out our first year as the new, stronger ABM, I want to thank our entire organization, all 130,000 employees, for their dedication and commitment. Anthony?
Anthony Scaglione -- Chief Financial Officer
Thanks, Scott. I will now review the details behind our third-quarter results. As Scott just mentioned, we completed our acquisition of GCA Services Group on September 1 of last year. As a result, this will be the last full quarter in which our GCA business will be reflected on an inorganic basis for all impacted segments.
Of course, our overall results for future periods will continue to reflect higher amortization, interest expense, and share count dilution resulting from the transaction. In addition, our government services sale occurred in May 2017, and this will be the last quarter which any year-over-year comparison reflects this year's absence of that business. Now on to the third quarter. Total revenues for the quarter were $1.6 billion, up 23.2% versus last year, driven by GCA revenues of $260 million and organic growth within the business and industry, technical solutions, and technology and manufacturing segments.
More specifically, our organic growth rate for the quarter was 4.5%, which includes $8 million of higher management reimbursement revenue, primarily in our B&I and aviation segments. On a GAAP basis, our income from continuing operations with $33.7 million, or $0.51 per diluted share, versus $32.9 million, or $0.58 per diluted share. Last year's GAAP income from continuing operations reflected variable adjustments for certain tax positions of approximately $15 million. Our results also reflect the following items that are predominantly related to our acquisition of GCA.
Higher amortization of approximately $11 million, which is embedded within each impacted reportable segments. Higher interest expense of $10.1 million. And an increase in weighted average shares outstanding on a diluted basis. Excluding the impact of segment-related amortization, our overall operational results benefited from GCA-related revenue, predominantly within education, technology and manufacturing, and B&I segments.
On an adjusted basis, income from continuing operations for the quarter was $38 million, or $0.57 cents per diluted share, compared to $29.1 million, or $0.51 per diluted share. During the quarter, we had adjusted EBITDA of $88.4 million at a margin rate of 5.4%, compared to $57.3 million at a rate of 4.3% last year. Turning to our segment results, which are described in Slide 12 in today's presentation. As we have noted all year, are 2018 operating segment results reflect the remapping of overhead expenses related to GCA, including allocation and additional amortization.
Therefore, year-over-year comparison will not be meaningful. As a result, we have provided full-year operating margin guidance to help you track our segment performance for this year. Starting with B&I. B&I achieved a revenue of $735 million, growing 12.7% versus last year, driven by $45 million of additional revenue related to GCA and solid organic growth both domestically and internationally.
B&I's organic growth this year has benefited from our U.K.-based TSL win. Additionally, organic growth was also driven by expansions with key clients and an increase in management-reimbursement revenue. Operating profit for the quarter was $38.9 million for a margin rate of 5.3%, reflecting approximately $2 million of amortization related to GCA. Excluding GCA-related amortization, the operating margin for B&I was 5.5% this quarter.
Overall, B&I has proven resilient, and we are pleased with how well the team has executed this year. We continue to believe B&I will produce operating margins in the low 5% range for the full year, as we previously guided. Aviation reported revenues of $256.8 million, with an operating profit of $9.7 million and a margin of 3.8% for the quarter. Results were generally in line with our expectations, as the slight decline in revenue versus last year is primarily attributable to the loss of certain airline contracts.
Also, as you'll recall, last year we had the revenue and margin associated with a single contract, which we have since terminated. While the quarter was flat from a top-line perspective, we are encouraged by several recent catering logistics cross-sells that we have won, solidifying our entry into that market and proving our ability to compete as a provider of specialized services in the industries we serve. This year's operating margins increased by more than 170 basis points year over year, as last year's margin reflects the terminated contract, which I just referenced. GCA had a relatively small impact on this segment.
For the remainder of the year, our renewal strategy remains in focus, and we believe it would be prudent to remain conservative in light of the current labor market. Last quarter, we discussed the acute impact this labor cycle can have on specific segments such as aviation and education. Given these considerations, for the full year, we now expect aviation operating margins in the high 2% range, compared to our previous outlook for 3%. Moving to technology and manufacturing.
Technology and manufacturing revenues increased to $231 million for the quarter, up 43% versus last year. This was due to strong expected organic growth during the quarter, in addition to $60 million of GCA-related revenue. Organically, we expanded with our high-tech clients and from tag revenue through both the GCA and Legacy ABM portfolio. Operating profit was $16.9 million and our margin was 7.3%, reflecting new wins and better margins and prudent expense management.
Including amortization, we still expect operating margin in the low 7% range for the full year. Revenue in education was $211 million, reflecting $144 million in GCA business. During the K-12 summer buying season, we won key contracts with the Huntley Community School District in Illinois, one of the state's fastest-growing K-12 districts, as well as the Portland public schools system in Michigan. However, the education segment continues to experience a greater degree of pressure related to labor, which among other things, impacted some renewals and buying decisions.
While we are slightly disappointed in our total number of K-12 awards, we remain encouraged by our pipeline in the higher education market which is year round. We are also targeting first-time outsourcing opportunities across the segment as well as improving the retention moving forward. Operating profit for the quarter was $12 million, for a margin of 5.7%. Excluding the impact of amortization, operating margins were 8.8% as this segment is impacted most from GCA.
On a total basis, we believe we will end the year in a high 4% operating margin range, compared to our prior guidance of low 5%. Healthcare revenue was $69 million for the quarter, including $7 million from GCA. Operating profit was $2.5 million and operating margin was 3.7%. Excluding GCA amortization, operating margins were 3.9% for the quarter.
We continue to expect to end in the year with operating margins in the low 4% range. Finally, technical solutions. We've reported revenues of $122 million, a year-over-year increase of 14% for the quarter. As expected, based on the pace of bookings in the pipeline we discussed in the first half of this year, technical solutions had one of the strongest quarter ever, as projects and revenue churn normalized.
For this quarter, margins were 9.8%, compared to 8.8% last year, primarily due to greater operating leverage driven by higher revenues. Overall strength in our domestic business more than offset underperformance in the U.K. Operating margins for the year are now expected to be approximately 9%, above the high 8% range we previously announced. Looking forward, all of our industry groups will be focused on our contract renewal cycles and retention, while continuing to grow our already robust sales pipeline.
Turning to cash and liquidity. Cash from operations was roughly $74 million for Q3. We are seeing sustained improvements in our management of working capital. Due to the better management and timing of certain capital investments, we expect to end the year with free cash flow of between $175 million to $200 million, excluding the proceeds from last quarter's swap termination.
We remain focused on improving our front and back-office processes as free cash flow remains a key metric for our organization. We ended the quarter with total debt including standby letters of credit of $1.2 billion and a bank-adjusted leverage ratio of 3.6 times. I am pleased at the pace of our deleveraging to date. During the quarter, we paid a quarterly cash dividend of $0.175 per common share for a total distribution of $11.5 million to shareholders.
And our board as approved our 210th consecutive quarterly cash dividend. Turning to the macro environment. Given the continued uncertainty surrounding today's labor environment and the potential impact any change could have on our results, we believe our existing guidance outlook range remains appropriate due to the actions we have taken today. The outlook continues to contemplate the full-year annualized 60-basis-points headwind we are facing due to the current operating environment.
While the mitigation efforts we've put in place allow us to achieve our full-year guidance, we see no sign of significant labor pressure abatement, or worsening, for that matter, and we believe it's too early to predict the longer-term impact. However, we are actively managing our labor and customer renewal cycles and we're confident that our outlook will not materially worsen from our full-year margin run rate. In addition, we remain steadfastly committed to our strategic investments and systems to further drive operating and back-office efficiencies. As Scott discussed, investments that are fundamental to these initiatives include the first-half and second-half launches of our cloud-based human capital management, and time and attendance system as well as our new ERP system that will convert our legacy GCA and ABM infrastructure.
In closing, we are formally reiterating our GAAP and non-GAAP guidance outlook for the year. We continue to expect GAAP income from continuing operations to be in the range of $1.73 to $1.83 per diluted share. And on an adjusted basis, $1.85 to $1.95 per diluted share. This guidance assumes a tax rate between 28% to 30% for fiscal 2018.
This rate excludes discreet tax items such as the 2018 Work Opportunity Tax Credit and the tax impact of stock-based compensation awards, which, collectively, will be a little more than $10 million in discrete tax items for the full year as we disclosed last quarter. We are currently finalizing our fiscal 2019 tax expectations, including the full impact of the Tax Cuts and Jobs Act. At this time, while we continue to benefit from a lower overall federal tax rate, there are a number of items which did not impact us in fiscal 2018 that will come into effect in a new calendar year. Mainly, limitations or reductions related to meals and entertainment and executive compensation plus some foreign provisions.
In addition, we also expect the benefit related to FAS 123R to decrease in fiscal 2019. As always, we will provide you with a detailed discussion of our fiscal 2019 outlook in December, but I hope this additional context will help inform some of your expectations for next year. With that, operator, we are now ready for questions.
Questions and Answers:
Operator
Thank you. [Operator instructions] Thank you. Our first question comes from the line of Michael Gallo with C.L. King. Please proceed with your question.
Michael Gallo -- C.L. King & Associates -- Analyst
Hi. Good morning.
Scott Salmirs -- President and Chief Executive Officer
Good morning, Michael.
Michael Gallo -- C.L. King & Associates -- Analyst
Yeah. I just want to delve in a little bit on the -- obviously, your labor has been and continues to be a headwind. So you've had a little more time now with some of the mitigation and other -- other efforts around technology. I was wondering if you've been able to kind of dimensionalize what kind of offset -- you know, whether you think in time you can mostly offset, partially offset, completely offset? Obviously, pricing is always a -- is always a mixed discussion.
But I guess, in terms of kind of controlling what you can control, just without -- just assuming for a second that -- that you don't have pricing, how much you kind of offset internally? And then I was wondering if -- if there might be some opportunity, given your -- your size and scale that used the bundling strategy perhaps as a way to get price without getting priced but by perhaps offering greater scope of service. Thanks.
Scott Salmirs -- President and Chief Executive Officer
That's a good question. And I think, you know, all things being equal in the labor market -- and I think that's a big caveat, right? Because generally speaking, we don't know which way labor is going, is it going to stay the same or the pressure is going to increase our will they abate a little bit. But assuming all things being equal, I think we've done pretty well so far in terms of mitigating. And we talked about a 60-basis-points push annualized and that we've been able to overcome 40 basis points on it.
So we're very pleased at where we are. And as we go into next year with that as kind of the baseline, we'll look at some of the tools that we are putting forth on the IT side, specifically the new HRIS system to help us in terms of workforce management. And then a new time and attendance system that's going to be cloud-based, that's going to have tools to scheduling, alerts for our managers in terms of overtime. So there's a lot of good stuff coming to help us mitigate.
And I think the real question, Michael, is whether or not those tools will just allow you to stay even, right, or the hope that you accelerate. And that remains to be seen. But we're pleased about where we were heading ahead of time with our investments to help us mitigate that. And then cross-selling is always a big thing for us, right? Because the more you can bundle services -- it really does two things, it helps you get stickier with the client, so it should push out retention and your ability to retain.
But also you have a chance to increase your margins, right? Because typically it's the same overhead from an SG&A standpoint when you're adding services and you have one account manager. So I think when you bundle all that together, we feel like we were in pretty good shape, but the big wildcard for, not just ABM and for everybody, is where will labor markets go in 2019.
Michael Gallo -- C.L. King & Associates -- Analyst
And just as a follow-up to that, Scott, obviously a lot of the services are done in-house, everybody is dealing with the same local market labor pressures. So I was wondering if you had any discussions from perhaps people that didn't outsource traditionally who might be looking at this inflationary labor market and might not be more interested in outsourcing than they were in the past?
Scott Salmirs -- President and Chief Executive Officer
You know, that's the longer-term hope. We are actually organizing some of our sales force in certain verticals around targeting first-time outsourcing. We think it's particularly ripe in the education sector because so much of that is in-sourced right now. Whereas less than that in B&I.
B&I is a much more mature market, predominantly outsourced already. So I think we are trying to be very strategic about we replace our sales assets. And also how we structure a commission program so people go after an outsourcing, which is a longer-term play than going after a competitive bid.
Michael Gallo -- C.L. King & Associates -- Analyst
Thank you.
Operator
Thank you. [Operator instructions] Our next question comes from the line of Andy Wittmann with Robert W. Baird. Please proceed with your question.
Andy Wittmann -- Robert W. Baird & Company -- Analyst
Great. Good morning. Just wanted to dissect the quarter a little bit to understand some of the moving pieces, actually. I guess you guys are pretty clear on the call that you're -- the outlook that you laid out last quarter for the labor-market headwinds are really almost since with the same today as they were three months ago.
At that time, you talked about how on an annualized basis you're seeing -- you're expecting 40-basis-points net headwind to margins. It looks like that's still in place. I guess my question is as I look at kind of new segment margin guidance that you gave here, you took it down a smidge in aviation and education. Those are a couple of the markets that you highlighted last quarter as well with some labor market headwinds.
You took it up in technical solutions. Given that that's the case and that the aviation and the education are more in the annuity and the technical solutions is more of a project-based business, does that imply that there was some degree of labor inflation that you saw this quarter? It was maybe a little bit different from you've seen last quarter, or this is just a clear view after operating in these new segments for a longer period of time?
Anthony Scaglione -- Chief Financial Officer
So in the quarter, we saw incremental labor against our original forecast, specifically in those two segments that you just highlight -- highlighted. But again, we put in place mitigating actions, so we landed as expected, but slightly off, on the labor line.
Andy Wittmann -- Robert W. Baird & Company -- Analyst
OK. So what -- can you give us some bookends as to maybe how a labor on the annuity type business maybe varied versus your initial expectations there?
Anthony Scaglione -- Chief Financial Officer
We saw about 15 basis points more in the quarter than what we would have expected.
Andy Wittmann -- Robert W. Baird & Company -- Analyst
OK. OK. And then just digging into GCA a little bit, it looks like you guys are maintaining the comment that you're operating at the high end of the synergies. Can you just, Anthony, just refresh us about what the run rate of the synergies that have been actioned already was at the end of the quarter? And then just give us some context on how much tailwind is going to the profitability the next year?
Anthony Scaglione -- Chief Financial Officer
Sure. So we're still guiding to the full year, in year realized synergies of roughly $16 million at the midpoint. And that will guide toward a run rate heading into 2019 and the higher end of the $25 million to $30 million range.
Andy Wittmann -- Robert W. Baird & Company -- Analyst
Got it.
Anthony Scaglione -- Chief Financial Officer
So the synergies are pretty much completed by the end of Q4. There's a little bit that's going to be in fiscal '19. But for the most part, those actions have already been taken place.
Andy Wittmann -- Robert W. Baird & Company -- Analyst
OK. Just getting to go down the GCA tunnel here a little bit. There was some comments in our prepared remarks about the education end market. You went through it kind of fast.
You mentioned there's some retention issues, given that the labor pressures have been a little bit higher there. Basically, it sounded like you couldn't come to terms because the customer was thinking that they didn't have to pay for the higher labor. Can you talk a little bit maybe, Scott, more about what you're seeing in that end market in particular? It sounded like there's a bit of retention issue there and you sounded a little bit disappointed, so little bit more meat on that bone would be helpful for us.
Scott Salmirs -- President and Chief Executive Officer
Sure. Yeah. So I think from an education side, I would look this in two ways. I will look at the top-line sales and then also from the labor perspective.
And I think the sales, it wasn't what we hoped it would be, it was a little bit -- essentially flat. And I think I have to -- I have to take -- I have to be measured in my reactions to that, only because it was a year of integration, right? This was the year we were going our operation teams in line, we were getting our sales team shaped up. We just appointed the head of marketing as a permanent position. So there was a lot of moving parts per se, but I still would like to see a little bit better on the top line there.
And then on the bottom line, it was the labor markets, right? It's -- this is tough. We've always talked about how education for us is kind of stratified on the bottom half of the United States, which tends to be a non-union, lower-wage market. So you get more turnover, more wage pressure. So -- but I will tell you, we're pretty optimistic about next year.
We have a project that we have in place now. We're specifically targeting education facilities that are in-sourced right now, where we think we have an opportunity over the next 12 to 24 months to try to flip that, and we're very aggressively going after contracts that we think that are going to bid in the next 12 months. So our education team, now that they're solidified and they're operating as one unit and soon be on one ERP system, midyear next year, I think there's a lot of white space there for us over the long term.
Andy Wittmann -- Robert W. Baird & Company -- Analyst
OK. Great. I guess maybe one more, for now, from me. We've seen in other service companies different end-market health between domestic U.S.
markets and some level of degradation in the U.K. Everybody points to Brexit, so it's hard to attribute it to something or another. But just given that you do have some exposure to the U.K., I wanted to get your take on what you're seeing there and how that could affect your business on a go-forward basis?
Scott Salmirs -- President and Chief Executive Officer
Sure. I mean, it's still interesting, right? Because Carillion collapsed in January of this year, I think it was January 15. And then a lot of us were pretty optimistic that it would create a bigger market space and bigger opportunity, and it really didn't materialize and we're seeing that from a lot of our competitors across the space as well. Margins have compressed and it's been even tighter.
And I think a lot of that has to do with the U.K. economy itself, whether it's Brexit or not remains to be seen. But the U.K. market has -- is certainly tightened up, and it is 100% counterintuitive compared to what's going on.
But it's a reality of what we're facing. We're refocusing some of our services to go to places where we think would be higher growth. We've been traditionally focused on the retail segment over there as a larger portion of the market and we're going to be moving more toward commercial and maybe manufacturing, and really trying to leverage some of our U.S. clients because they are still having a big presence in the U.K.
despite everything you read about Brexit. So we're optimistic about the U.K., but certainly this year, it did not pan how we had hoped.
Andy Wittmann -- Robert W. Baird & Company -- Analyst
OK. Thanks for that color. I'm going to yield the floor and maybe pop back in at the end. Thanks, guys.
Scott Salmirs -- President and Chief Executive Officer
Thanks.
Operator
Thank you. [Operator instructions][ Our next question comes from the line of Marc Riddick with Sidoti. Please proceed with your question.
Marc Riddick -- Sidoti & Company -- Analyst
Hey, good morning.
Scott Salmirs -- President and Chief Executive Officer
Good morning.
Marc Riddick -- Sidoti & Company -- Analyst
I was wondering if you can give an update on where we are with the tag pressure and certainly the insights of your proceed there and kind of the benefits that we're seeing so far?
Scott Salmirs -- President and Chief Executive Officer
Yes. So tag pricing, we talked about this for the last few months as one of our bright spots from the technology standpoint. And the fact that the field was so excited that we were rolling out some technology that they felt was useful. We're really happy with where we are in our B&I segment, which is our biggest segment.
We're over 75% adoption on tags are eligible, not all tags our right to the tag price, but 75% adoption. And I think in this early stage, Mark, it's less about for us to increase year tags, to decrease your bottom line. I think we'll start understanding that over the coming months and realistically years as our AI component starts figuring out, in a particular building you can start moving your margin in a different place in a particular segment. Law firms pay more than investment banks, so over time, we'll start understanding the top-line and bottom-line implications.
For me, given all the challenges in the current market, I'm excited over the fact that it used to take 2 1/2 days to generate a tag, whereas now, it could just take a few hours between and putting it and getting it into a work order system, which we are making some enhancement in 2019 to even shrink that time period. So particularly excited that our teams are embracing the technology, they're using it, and it's allowing them to spend more time managing the staff with clients, collecting cash, all the things that we want them doing, rather than processing paperwork. So I think it's a two-part story right now, use it, adopt it, become more efficient. Day two, what has this done to increase sales and increase our bottom line.
Marc Riddick -- Sidoti & Company -- Analyst
And just as a reminder, so ballpark, when do you start to begin anniversary when it rolled out. I guess then you'll start to at least begin to start gathering year-over-year comparisons and what have you, right?
Scott Salmirs -- President and Chief Executive Officer
Yeah. We first started rolling this out in Q1 of last year. And really the anniversary, from a ramp-up standpoint, is really the second half of fiscal '18. So that'll be the first time that we have adequate data to make those correlations, Marc.
Marc Riddick -- Sidoti & Company -- Analyst
OK. And then one last thing, you talk about the efforts of -- on the human resources that you'll be layering in from the technological standpoint. I was wondering, does that -- is there much in the way of overlap for that data, that information will be able to begin to collect with something like tag pressure or would those be kind of viewed separately?
Scott Salmirs -- President and Chief Executive Officer
You know, it's interesting, it [Inaudible] separate. We are putting together a new IT strategy which is a data warehousing strategy, where we're basically going to have one repository for all information. So over time, we'll be pulling from one area, it just remains to be seen which data points we'll be able to pull and turn into data analytics.
Marc Riddick -- Sidoti & Company -- Analyst
OK. That makes sense. I appreciate. Thank you.
Scott Salmirs -- President and Chief Executive Officer
Thanks.
Operator
Thank you. Ladies and gentlemen, there are no further questions at this time. I'll turn the floor back to management for any closing comments.
Scott Salmirs -- President and Chief Executive Officer
Excellent. Well, thank you, everybody, and welcome, everybody, to the fall now that summer's over. And we're excited about where we're heading. We're excited about kind of, our new sales culture and how we're navigating the labor markets.
We think there's just a lot of positive things happening at ABM, and we're excited to come back to year end and update you on how we closed out the year and how we're going to guide to 2019. So thanks, everybody.
Operator
[Operator signoff]
Duration: 37 minutes
Call Participants:
Susie Choi -- Investor Relations
Scott Salmirs -- President and Chief Executive Officer
Anthony Scaglione -- Chief Financial Officer
Michael Gallo -- C.L. King & Associates -- Analyst
Andy Wittmann -- Robert W. Baird & Company -- Analyst
Marc Riddick -- Sidoti & Company -- Analyst
More ABM analysis
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries (NYSE: ABM) Q3 2018 Earnings Conference Call Sep. 7, 2018 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the ABM Industries third-quarter fiscal 2018 earnings call. I would now like to turn the conference over to your host, Ms. Susie Choi, investor relations for ABM Industries. | King & Associates -- Analyst Andy Wittmann -- Robert W. Baird & Company -- Analyst Marc Riddick -- Sidoti & Company -- Analyst More ABM analysis This article is a transcript of this conference call produced for The Motley Fool. ABM Industries (NYSE: ABM) Q3 2018 Earnings Conference Call Sep. 7, 2018 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the ABM Industries third-quarter fiscal 2018 earnings call. | ABM Industries (NYSE: ABM) Q3 2018 Earnings Conference Call Sep. 7, 2018 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the ABM Industries third-quarter fiscal 2018 earnings call. I would now like to turn the conference over to your host, Ms. Susie Choi, investor relations for ABM Industries. | ABM Industries (NYSE: ABM) Q3 2018 Earnings Conference Call Sep. 7, 2018 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the ABM Industries third-quarter fiscal 2018 earnings call. I would now like to turn the conference over to your host, Ms. Susie Choi, investor relations for ABM Industries. |
29428.0 | 2018-09-07 00:00:00 UTC | Why ABM Industries Stock Popped 11% This Morning | ABM | https://www.nasdaq.com/articles/why-abm-industries-stock-popped-11-morning-2018-09-07 | nan | nan | What happened
Shares of cleaning contractor ABM Industries (NYSE: ABM) -- a big player in government contracting but an even bigger player in commercial cleaning -- hopped 11% in early trading Friday before settling down to enjoy a still-respectable 8.7% gain as of 12:15 p.m. EDT.
Last night, ABM released fiscal third-quarter 2018 earnings results that appeared to beat analyst estimates. The company reported only $0.51 per share GAAP , versus Wall Street expectations for a $0.53 per share profit. ABM's pro forma profits, however, were $0.57 per share -- and it seems that's the number that Wall Street is focusing on.
So what
ABM's sales surged 23% year over year to hit $1.6 billion, which just missed Wall Street's estimate. Investors are giving ABM a pass on that "sale miss," however, which seems fair given the objectively impressive growth result.
Now what
I'm less sanguine on ABM's earnings number, though. Although Wall Street seems to think the company "beat" on earnings, the objective truth is that GAAP profits declined 12% year over year, from $0.58 in last year's Q3 to $0.51 in this year's Q3.
Granted, management appears confident it can make up lost ground, and reiterated guidance for full-year profits of $1.73 to $1.83 per diluted share. Assuming it gets there, that will be a whole lot better than the $0.07 per share ABM earned for all of 2017 (which was dragged down by a big Q1 loss). Even if ABM earns "only" $1.73, that will be the best earnings result ABM has posted in a decade.
Given that ABM already costs 26 times earnings, and that even a $1.83 annual profit will only drop the stock's P/E to about 19 times earnings, I can't call this stock cheap at a projected 16% long-term earnings growth rate and a 2.2% dividend yield. "Fairly priced" is about the best I could say for it.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Last night, ABM released fiscal third-quarter 2018 earnings results that appeared to beat analyst estimates. Investors are giving ABM a pass on that "sale miss," however, which seems fair given the objectively impressive growth result. What happened Shares of cleaning contractor ABM Industries (NYSE: ABM) -- a big player in government contracting but an even bigger player in commercial cleaning -- hopped 11% in early trading Friday before settling down to enjoy a still-respectable 8.7% gain as of 12:15 p.m. EDT. | What happened Shares of cleaning contractor ABM Industries (NYSE: ABM) -- a big player in government contracting but an even bigger player in commercial cleaning -- hopped 11% in early trading Friday before settling down to enjoy a still-respectable 8.7% gain as of 12:15 p.m. EDT. Last night, ABM released fiscal third-quarter 2018 earnings results that appeared to beat analyst estimates. ABM's pro forma profits, however, were $0.57 per share -- and it seems that's the number that Wall Street is focusing on. | Even if ABM earns "only" $1.73, that will be the best earnings result ABM has posted in a decade. Given that ABM already costs 26 times earnings, and that even a $1.83 annual profit will only drop the stock's P/E to about 19 times earnings, I can't call this stock cheap at a projected 16% long-term earnings growth rate and a 2.2% dividend yield. What happened Shares of cleaning contractor ABM Industries (NYSE: ABM) -- a big player in government contracting but an even bigger player in commercial cleaning -- hopped 11% in early trading Friday before settling down to enjoy a still-respectable 8.7% gain as of 12:15 p.m. EDT. | Investors are giving ABM a pass on that "sale miss," however, which seems fair given the objectively impressive growth result. Even if ABM earns "only" $1.73, that will be the best earnings result ABM has posted in a decade. What happened Shares of cleaning contractor ABM Industries (NYSE: ABM) -- a big player in government contracting but an even bigger player in commercial cleaning -- hopped 11% in early trading Friday before settling down to enjoy a still-respectable 8.7% gain as of 12:15 p.m. EDT. |
29429.0 | 2018-09-06 00:00:00 UTC | ABM Industries (ABM) Q3 Earnings and Revenues Beat Estimates | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q3-earnings-and-revenues-beat-estimates-2018-09-06 | nan | nan | ABM Industries (ABM) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.56%. 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 $0.45 per share when it actually produced earnings of $0.47, delivering a surprise of 4.44%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.62 billion for the quarter ended July 2018, surpassing the Zacks Consensus Estimate by 0.81%. This compares to year-ago revenues of $1.32 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 lost about 15.4% since the beginning of the year versus the S&P 500's gain of 8%.
What's Next for ABM Industries?
While ABM Industries has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ABM Industries was unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $0.57 on $1.65 billion in revenues for the coming quarter and $1.84 on $6.43 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 bottom 4% 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.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 $0.57 per share, beating the Zacks Consensus Estimate of $0.54 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.62 billion for the quarter ended July 2018, surpassing the Zacks Consensus Estimate by 0.81%. ABM Industries shares have lost about 15.4% since the beginning of the year versus the S&P 500's gain of 8%. | ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.62 billion for the quarter ended July 2018, surpassing the Zacks Consensus Estimate by 0.81%. ABM Industries (ABM) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.54 per share. ABM Industries shares have lost about 15.4% since the beginning of the year versus the S&P 500's gain of 8%. | ABM Industries (ABM) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.54 per share. ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.62 billion for the quarter ended July 2018, surpassing the Zacks Consensus Estimate by 0.81%. ABM Industries shares have lost about 15.4% since the beginning of the year versus the S&P 500's gain of 8%. | ABM Industries (ABM) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.54 per share. While ABM Industries has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? ABM Industries, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.62 billion for the quarter ended July 2018, surpassing the Zacks Consensus Estimate by 0.81%. |
29430.0 | 2018-09-06 00:00:00 UTC | Earnings Reaction History: ABM Industries Inc., 85.7% Follow-Through Indicator, 6.1% Sensitive | ABM | https://www.nasdaq.com/articles/earnings-reaction-history-abm-industries-inc-857-follow-through-indicator-61-sensitive | nan | nan | Expected Earnings Release: 09/06/2018, After-hours
Avg. Extended-Hours Dollar Volume: $2,078,571
ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 100%
Average next regular session additional gain: 3.8%
Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 3.8%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 66.7%
Average next regular session additional loss: 5%
Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close.
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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. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 3.8% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 3.8%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $2,078,571 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 3.8% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 3.8%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $2,078,571 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 3.8% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 3.8%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $2,078,571 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Extended-Hours Dollar Volume: $2,078,571 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 3.8% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 3.8%. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. |
29431.0 | 2018-09-06 00:00:00 UTC | After-Hours Earnings Report for September 6, 2018 : AVGO, PANW, MRVL, FIVE, OKTA, KFY, FNSR, ABM, GME, PSDO, ZUMZ, NX | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-september-6-2018-avgo-panw-mrvl-five-okta-kfy-fnsr-abm-gme | nan | nan | The following companies are expected to report earnings after hours on 09/06/2018. Visit our Earnings Calendar for a full list of expected earnings releases.
Broadcom Inc. ( AVGO ) is reporting for the quarter ending July 31, 2018. The electric company company's consensus earnings per share forecast from the 5 analysts that follow the stock is $4.19. This value represents a 12.33% increase compared to the same quarter last year. In the past year AVGO has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 7.88%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AVGO is 12.64 vs. an industry ratio of -3.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Palo Alto Networks, Inc. ( PANW ) is reporting for the quarter ending July 31, 2018. The security company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.06. This value represents a 146.15% increase compared to the same quarter last year. PANW missed the consensus earnings per share in the 1st calendar quarter of 2018 by -90.48%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for PANW is -823.07 vs. an industry ratio of -38.10.
Marvell Technology Group Ltd. ( MRVL ) is reporting for the quarter ending July 31, 2018. The telecommunications equipment company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.29. This value represents a 16.00% increase compared to the same quarter last year. In the past year MRVL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 7.69%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for MRVL is 17.21 vs. an industry ratio of 32.80.
Five Below, Inc. ( FIVE ) is reporting for the quarter ending July 31, 2018. The retail company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.38. This value represents a 26.67% increase compared to the same quarter last year. In the past year FIVE has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 9.38%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for FIVE is 46.65 vs. an industry ratio of 18.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Okta, Inc. ( OKTA ) is reporting for the quarter ending July 31, 2018. The internet software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.36. This value represents a 24.14% decrease compared to the same quarter last year. OKTA missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -11.54%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for OKTA is -49.49 vs. an industry ratio of -42.00.
Korn/Ferry International ( KFY ) is reporting for the quarter ending July 31, 2018. The staffing company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.72. This value represents a 30.91% increase compared to the same quarter last year. In the past year KFY has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 14.29%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for KFY is 19.79 vs. an industry ratio of 16.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Finisar Corporation ( FNSR ) is reporting for the quarter ending July 31, 2018. The fiber optics company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.02. This value represents a 92.86% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2019 Price to Earnings ratio for FNSR is 40.74 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 July 31, 2018. The building maintenance & services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.54. This value represents a 5.88% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 17.35 vs. an industry ratio of 20.00.
Gamestop Corporation ( GME ) is reporting for the quarter ending July 31, 2018. The retail company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.08. This value represents a 46.67% decrease compared to the same quarter last year. GME missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -6.25%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for GME is 5.28 vs. an industry ratio of 16.30.
Presidio, Inc. ( PSDO ) is reporting for the quarter ending June 30, 2018. The information technology services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.17. This value represents a 54.55% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 15 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for PSDO is 32.42 vs. an industry ratio of 52.40.
Zumiez Inc. ( ZUMZ ) is reporting for the quarter ending July 31, 2018. The retail (shoe) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.13. This value represents a 750.00% increase compared to the same quarter last year. ZUMZ missed the consensus earnings per share in the 1st calendar quarter of 2018 by -8.89%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for ZUMZ is 17.92 vs. an industry ratio of 21.00.
Quanex Building Products Corporation ( NX ) is reporting for the quarter ending July 31, 2018. The building company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.32. This value represents a 3.03% decrease compared to the same quarter last year. NX missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -2.94%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for NX is 19.64 vs. an industry ratio of 17.30, 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 17.35 vs. an industry ratio of 20.00. The telecommunications equipment company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.29. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 17.35 vs. an industry ratio of 20.00. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AVGO is 12.64 vs. an industry ratio of -3.40, implying that they will have a higher earnings growth than their competitors in the same industry. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 17.35 vs. an industry ratio of 20.00. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AVGO is 12.64 vs. an industry ratio of -3.40, implying that they will have a higher earnings growth than their competitors in the same industry. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 17.35 vs. an industry ratio of 20.00. In the past year AVGO has beat the expectations every quarter. |
29432.0 | 2018-09-05 00:00:00 UTC | New Strong Sell Stocks for September 5th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-september-5th-2018-09-05 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries IncorporatedABM is a provider of integrated facility solutions and services. The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 60 days.
ASV Holdings, Inc.ASV is a designer and manufacturer of compact construction equipment. The Zacks Consensus Estimate for its current year earnings has been revised 48.6% downward over the last 60 days.
Addus HomeCare CorporationADUS is a provider of personal care services to elderly, chronically ill, disabled persons. The Zacks Consensus Estimate for its current year earnings has been revised 12.1% downward over the last 60 days.
Bancolombia S.A.CIB is a provider of banking products and services. The Zacks Consensus Estimate for its current year earnings has been revised 3.5% downward over the last 60 days.
Baozun Inc.BZUN is a provider of end-to-end e-commerce solutions and services. The Zacks Consensus Estimate for its current year earnings has been revised 7.2% downward over the last 30 days.
View the entire Zacks Rank #5 List .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions and services. Click to get this free report Baozun Inc. (BZUN): Free Stock Analysis Report BanColombia S.A. (CIB): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): Free Stock Analysis Report ASV Holdings, Inc. (ASV): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 60 days. | Click to get this free report Baozun Inc. (BZUN): Free Stock Analysis Report BanColombia S.A. (CIB): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): Free Stock Analysis Report ASV Holdings, Inc. (ASV): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions and services. The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 60 days. | Click to get this free report Baozun Inc. (BZUN): Free Stock Analysis Report BanColombia S.A. (CIB): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): Free Stock Analysis Report ASV Holdings, Inc. (ASV): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions and services. The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 60 days. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions and services. Click to get this free report Baozun Inc. (BZUN): Free Stock Analysis Report BanColombia S.A. (CIB): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): Free Stock Analysis Report ASV Holdings, Inc. (ASV): Free Stock Analysis Report To read this article on Zacks.com click here. Bancolombia S.A.CIB is a provider of banking products and services. |
29433.0 | 2018-09-04 00:00:00 UTC | ABM Industries (ABM) to Report Q3 Earnings: What's in Store? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-to-report-q3-earnings%3A-whats-in-store-2018-09-04 | nan | nan | ABM Industries Inc.ABM is scheduled to report third-quarter fiscal 2018 results on Sep 6, after market close.
While the top line is likely to benefit from acquisitions and organic growth, the bottom line is expected to benefit from lower tax rates.
So far this year, shares of ABM Industries have declined 15.9%, underperforming the industry 's gain of 20%.
Let's check out the expectations in detail.
Top Line to Increase Year Over Year
The Zacks Consensus Estimate for revenues for the to-be-reported quarter stands at $1.61 billion, indicating year-over-year growth of 22.2%. The top line is expected to be driven by contributions from acquisition of GCA Services Group, organic growth within the Business & Industry segment, and parking and transportation wins within the Aviation segment. Bookings are also expected to increase reflecting business expansion across its clients.
ABM Industries Inc. Revenue (TTM)
ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote
In second-quarter fiscal 2018, total revenues rose 20.6% from the year-ago quarter to $1.58 billion. Organic revenue growth was 4.5% and revenues related to GCA acquisition came in at $256.4 million. New bookings brought in nearly $460 million of annualized revenues for the first half of fiscal 2018.
Earnings Likely to Grow on Tax Reform Policy
The Tax Cuts and Jobs Act, which reduced corporate tax rates significantly from 35% to 21%, will benefit ABM Industries' earnings in the to-be-reported quarter. Notably, the consensus estimate for earnings per share (EPS) is pegged at 54 cents, indicating year-over-year growth of 5.9%.
In the fiscal second quarter, adjusted earnings declined 4.1% from the year-ago quarter to 47 cents per share.
Our Model Doesn't Suggest a Beat
Please note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP . Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. 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, a combination that makes surprise prediction difficult.
Key Picks
Here are a few stocks from the broader Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
FactSet FDS has an Earnings ESP of +0.23% and a Zacks Rank of 2. The company is scheduled to report fourth-quarter fiscal 2018 results on Sep 25. You can see the complete list of today's Zacks #1 Rank stocks here .
Accenture ACN has an Earnings ESP of +0.25% and a Zacks Rank #3. The company is expected to report fourth-quarter fiscal 2018 results on Sep 27.
Mastercard MA has an Earnings ESP of +0.11% and a Zacks Rank #3. The company is expected to report third-quarter 2018 results on Oct 30.
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FactSet Research Systems Inc. (FDS): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Accenture PLC (ACN): Free Stock Analysis Report
Mastercard Incorporated (MA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 third-quarter fiscal 2018 results on Sep 6, after market close. So far this year, shares of ABM Industries have declined 15.9%, underperforming the industry 's gain of 20%. ABM Industries Inc. Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote In second-quarter fiscal 2018, total revenues rose 20.6% from the year-ago quarter to $1.58 billion. | ABM Industries Inc. Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote In second-quarter fiscal 2018, total revenues rose 20.6% from the year-ago quarter to $1.58 billion. Click to get this free report FactSet Research Systems Inc. (FDS): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc.ABM is scheduled to report third-quarter fiscal 2018 results on Sep 6, after market close. | ABM Industries Inc. Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote In second-quarter fiscal 2018, total revenues rose 20.6% from the year-ago quarter to $1.58 billion. Click to get this free report FactSet Research Systems Inc. (FDS): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc.ABM is scheduled to report third-quarter fiscal 2018 results on Sep 6, after market close. | ABM Industries Inc. Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote In second-quarter fiscal 2018, total revenues rose 20.6% from the year-ago quarter to $1.58 billion. Click to get this free report FactSet Research Systems Inc. (FDS): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc.ABM is scheduled to report third-quarter fiscal 2018 results on Sep 6, after market close. |
29434.0 | 2018-09-04 00:00:00 UTC | Commit To Purchase ABM Industries At $25, Earn 4.2% Annualized Using Options | ABM | https://www.nasdaq.com/articles/commit-purchase-abm-industries-25-earn-42-annualized-using-options-2018-09-04 | nan | nan | Investors eyeing a purchase of ABM Industries, Inc. (Symbol: ABM) shares, but cautious about paying the going market price of $31.29/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April 2019 put at the $25 strike, which has a bid at the time of this writing of 65 cents. Collecting that bid as the premium represents a 2.6% return against the $25 commitment, or a 4.2% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to ABM's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $25 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless ABM Industries, Inc. sees its shares decline 20.8% and the contract is exercised (resulting in a cost basis of $24.35 per share before broker commissions, subtracting the 65 cents from $25), the only upside to the put seller is from collecting that premium for the 4.2% annualized rate of return.
Interestingly, that annualized 4.2% figure actually exceeds the 2.2% annualized dividend paid by ABM Industries, Inc. by 2%, based on the current share price of $31.29. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 20.81% to reach the $25 strike price.
Always important when discussing dividends is the fact that, 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 dividend 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 2.2% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $25 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the April 2019 put at the $25 strike for the 4.2% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for ABM Industries, Inc. (considering the last 251 trading day closing values as well as today's price of $31.29) to be 30%. For other put options contract ideas at the various different available expirations, visit the ABM Stock Options page of StockOptionsChannel.com.
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $25 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the April 2019 put at the $25 strike for the 4.2% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for ABM Industries, Inc. (considering the last 251 trading day closing values as well as today's price of $31.29) to be 30%. Investors eyeing a purchase of ABM Industries, Inc. (Symbol: ABM) shares, but cautious about paying the going market price of $31.29/share, might benefit from considering selling puts among the alternative strategies at their disposal. | Selling a put does not give an investor access to ABM's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $25 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the April 2019 put at the $25 strike for the 4.2% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for ABM Industries, Inc. (considering the last 251 trading day closing values as well as today's price of $31.29) to be 30%. | So unless ABM Industries, Inc. sees its shares decline 20.8% and the contract is exercised (resulting in a cost basis of $24.35 per share before broker commissions, subtracting the 65 cents from $25), the only upside to the put seller is from collecting that premium for the 4.2% annualized rate of return. In the case of ABM Industries, Inc., looking at the dividend 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 2.2% annualized dividend yield. Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $25 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the April 2019 put at the $25 strike for the 4.2% annualized rate of return represents good reward for the risks. | So unless ABM Industries, Inc. sees its shares decline 20.8% and the contract is exercised (resulting in a cost basis of $24.35 per share before broker commissions, subtracting the 65 cents from $25), the only upside to the put seller is from collecting that premium for the 4.2% annualized rate of return. In the case of ABM Industries, Inc., looking at the dividend 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 2.2% annualized dividend yield. Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $25 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the April 2019 put at the $25 strike for the 4.2% annualized rate of return represents good reward for the risks. |
29435.0 | 2018-08-30 00:00:00 UTC | ABM Industries (ABM) Q3 Earnings Preview: What to Watch Ahead of the Release | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q3-earnings-preview%3A-what-to-watch-ahead-of-the-release-2018-08-30 | nan | nan | The market expects ABM Industries (ABM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence 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 6, 2018, 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 $0.54 per share in its upcoming report, which represents a year-over-year change of +5.9%.
Revenues are expected to be $1.61 billion, up 22.2% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 1.72% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
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 version of the Zacks Consensus whose definition is subject 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.
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 the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that ABM Industries will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that ABM Industries would post earnings of $0.45 per share when it actually produced earnings of $0.47, delivering a surprise of +4.44%.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
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.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The market expects ABM Industries (ABM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2018. How Have the Numbers Shaped Up for ABM Industries? For ABM Industries, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. | The market expects ABM Industries (ABM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2018. How Have the Numbers Shaped Up for ABM Industries? For ABM Industries, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. | The market expects ABM Industries (ABM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2018. How Have the Numbers Shaped Up for ABM Industries? For ABM Industries, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. | The market expects ABM Industries (ABM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2018. For ABM Industries, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. So, this combination makes it difficult to conclusively predict that ABM Industries will beat the consensus EPS estimate. |
29436.0 | 2018-08-27 00:00:00 UTC | New Strong Sell Stocks for August 27th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-august-27th-2018-08-27 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries Incorporated ABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 30 days.
Ultra Clean Holdings, Inc. UCTT is a designer of production tools, modules, and subsystems. The Zacks Consensus Estimate for its current year earnings has been revised 0.5% downward over the last 30 days.
Tata Motors Limited TTM is a designer of a range of automotive vehicles. The Zacks Consensus Estimate for its current year earnings has been revised 4.7% downward over the last 30 days.
Post Holdings, Inc. POST is a consumer packaged goods holding company. The Zacks Consensus Estimate for its current year earnings has been revised 2.8% downward over the last 30 days.
Addus HomeCare Corporation ADUS is a provider of personal care services. The Zacks Consensus Estimate for its current year earnings has been revised 12.1% downward over the last 30 days.
View the entire Zacks Rank #5 List
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Ultra Clean Holdings, Inc. (UCTT): Free Stock Analysis Report
Tata Motors Ltd (TTM): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Post Holdings, Inc. (POST): Free Stock Analysis Report
Addus HomeCare Corporation (ADUS): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM is a provider of integrated facility solutions. Click to get this free report Ultra Clean Holdings, Inc. (UCTT): Free Stock Analysis Report Tata Motors Ltd (TTM): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Post Holdings, Inc. (POST): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 30 days. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM is a provider of integrated facility solutions. Click to get this free report Ultra Clean Holdings, Inc. (UCTT): Free Stock Analysis Report Tata Motors Ltd (TTM): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Post Holdings, Inc. (POST): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): 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. | Click to get this free report Ultra Clean Holdings, Inc. (UCTT): Free Stock Analysis Report Tata Motors Ltd (TTM): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Post Holdings, Inc. (POST): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 30 days. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries Incorporated ABM is a provider of integrated facility solutions. Click to get this free report Ultra Clean Holdings, Inc. (UCTT): Free Stock Analysis Report Tata Motors Ltd (TTM): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Post Holdings, Inc. (POST): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List Want the latest recommendations from Zacks Investment Research? |
29437.0 | 2018-08-02 00:00:00 UTC | 5 Dividend Growth Stocks With Upside To Analyst Targets | ABM | https://www.nasdaq.com/articles/5-dividend-growth-stocks-upside-analyst-targets-2018-08-02 | 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.
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:
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.
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 .
Get the latest Zacks research report on ABM - FREE
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Get the latest Zacks research report on ABM - FREE Get the latest Zacks research report on MSA - FREE 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. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets. 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: Another consideration with dividend growth stocks is just how much the dividend is growing . | Get the latest Zacks research report on ABM - FREE Get the latest Zacks research report on MSA - FREE 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. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented. 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. | Get the latest Zacks research report on ABM - FREE Get the latest Zacks research report on MSA - FREE 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. 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. 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. | Get the latest Zacks research report on ABM - FREE Get the latest Zacks research report on MSA - FREE 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. 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. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented. |
29438.0 | 2018-07-13 00:00:00 UTC | New Strong Sell Stocks for July 13th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-july-13th-2018-07-13 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
58.com Inc.WUBA is the provider of online classifieds and listing services. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 60 days.
8x8, Inc.EGHT is a provider of enterprise cloud communications and customer engagement services. The Zacks Consensus Estimate for its current year earnings has been revised more than 100% downward over the last 60 days.
ABM Industries IncorporatedABM is a provider of integrated facility services. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days.
ADTRAN, Inc.ADTN is a provider of networking and communications equipment. The Zacks Consensus Estimate for its current year earnings has been revised 23.8% downward over the last 60 days.
ASV Holdings, Inc.ASV is a designer and manufacturer of compact construction equipment. The Zacks Consensus Estimate for its current year earnings has been revised 12.5% downward over the last 30 days.
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58.com Inc. (WUBA): Free Stock Analysis Report
ADTRAN, Inc. (ADTN): Free Stock Analysis Report
8x8 Inc (EGHT): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
ASV Holdings, Inc. (ASV): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries IncorporatedABM is a provider of integrated facility services. Click to get this free report 58.com Inc. (WUBA): Free Stock Analysis Report ADTRAN, Inc. (ADTN): Free Stock Analysis Report 8x8 Inc (EGHT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ASV Holdings, Inc. (ASV): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised more than 100% downward over the last 60 days. | Click to get this free report 58.com Inc. (WUBA): Free Stock Analysis Report ADTRAN, Inc. (ADTN): Free Stock Analysis Report 8x8 Inc (EGHT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ASV Holdings, Inc. (ASV): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM is a provider of integrated facility services. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 60 days. | Click to get this free report 58.com Inc. (WUBA): Free Stock Analysis Report ADTRAN, Inc. (ADTN): Free Stock Analysis Report 8x8 Inc (EGHT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ASV Holdings, Inc. (ASV): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM is a provider of integrated facility services. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 60 days. | ABM Industries IncorporatedABM is a provider of integrated facility services. Click to get this free report 58.com Inc. (WUBA): Free Stock Analysis Report ADTRAN, Inc. (ADTN): Free Stock Analysis Report 8x8 Inc (EGHT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ASV Holdings, Inc. (ASV): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: 58.com Inc.WUBA is the provider of online classifieds and listing services. |
29439.0 | 2018-07-02 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for July 03, 2018 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-july-03-2018-2018-07-02 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 03, 2018. A cash dividend payment of $0.175 per share is scheduled to be paid on August 06, 2018. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that ABM has paid the same dividend. At the current stock price of $29.18, the dividend yield is 2.4%.
The previous trading day's last sale of ABM was $29.18, representing a -35.33% decrease from the 52 week high of $45.12 and a 3.59% increase over the 52 week low of $28.17.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). ABM's current earnings per share, an indicator of a company's profitability, is $1.34. Zacks Investment Research reports ABM's forecasted earnings growth in 2018 as 7.43%, compared to an industry average of 18.3%.
For more information on the declaration, record and payment dates, visit the ABM Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABM through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABM as a top-10 holding:
VanEck Vectors Environmental Services ETF ( EVX )
ProShares Trust ( SMDV ).
The top-performing ETF of this group is SMDV with an increase of 9.48% over the last 100 days. EVX has the highest percent weighting of ABM at 3.29%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). Zacks Investment Research reports ABM's forecasted earnings growth in 2018 as 7.43%, compared to an industry average of 18.3%. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | ABM's current earnings per share, an indicator of a company's profitability, is $1.34. 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 ) will begin trading ex-dividend on July 03, 2018. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 03, 2018. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: VanEck Vectors Environmental Services ETF ( EVX ) ProShares Trust ( SMDV ). | ABM's current earnings per share, an indicator of a company's profitability, is $1.34. The following ETF(s) have ABM as a top-10 holding: VanEck Vectors Environmental Services ETF ( EVX ) ProShares Trust ( SMDV ). ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 03, 2018. |
29440.0 | 2018-06-29 00:00:00 UTC | New Strong Sell Stocks for June 29th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-june-29th-2018-06-29 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries IncorporatedABM is a provider of integrated facility solutions across the globe. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days.
Addus HomeCare CorporationADUS is a provider of personal care services to the elderly as well as disabled people. The Zacks Consensus Estimate for its current year earnings has been revised 8.7% downward over the last 60 days.
Aspen Insurance Holdings LimitedAHL is a provider of insurance and reinsurance services. The Zacks Consensus Estimate for its current year earnings has been revised 7% downward over the last 60 days.
Bay Commercial BankBCML is a provider of commercial banking products and services. The Zacks Consensus Estimate for its current year earnings has been revised 11.5% downward over the last 60 days.
First Internet BancorpINBK is a provider of commercial and retail banking products and services. The Zacks Consensus Estimate for its current year earnings has been revised 10% downward over the last 30 days.
View the entire Zacks Rank #5 List .
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First Internet Bancorp (INBK): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Aspen Insurance Holdings Limited (AHL): Free Stock Analysis Report
Addus HomeCare Corporation (ADUS): Free Stock Analysis Report
Bay Commercial Bank (BCML): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions across the globe. Click to get this free report First Internet Bancorp (INBK): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Aspen Insurance Holdings Limited (AHL): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): Free Stock Analysis Report Bay Commercial Bank (BCML): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days. | Click to get this free report First Internet Bancorp (INBK): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Aspen Insurance Holdings Limited (AHL): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): Free Stock Analysis Report Bay Commercial Bank (BCML): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions across the globe. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days. | Click to get this free report First Internet Bancorp (INBK): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Aspen Insurance Holdings Limited (AHL): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): Free Stock Analysis Report Bay Commercial Bank (BCML): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions across the globe. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions across the globe. Click to get this free report First Internet Bancorp (INBK): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Aspen Insurance Holdings Limited (AHL): Free Stock Analysis Report Addus HomeCare Corporation (ADUS): Free Stock Analysis Report Bay Commercial Bank (BCML): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List . |
29441.0 | 2018-06-26 00:00:00 UTC | New Strong Sell Stocks for June 26th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-june-26th-2018-06-26 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries IncorporatedABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days.
Ambarella, Inc.AMBA is a developer of semiconductor processing solutions for high-definition videos. The Zacks Consensus Estimate for its current year earnings has been revised 45.5% downward over the last 60 days.
AngloGold Ashanti LimitedAU is an owner and operator of a gold mining company. The Zacks Consensus Estimate for its current year earnings has been revised 11.8% downward over the last 60 days.
Avianca Holdings S.A.AVH is a provider of passenger as well as cargo air transportation services. The Zacks Consensus Estimate for its current year earnings has been revised 40.9% downward over the last 60 days.
Brookfield Infrastructure Partners L.P.BIP is an owner and operator of transport, energy and utility infrastructure business. The Zacks Consensus Estimate for its current year earnings has been revised 6.2% downward over the last 30 days.
View the entire Zacks Rank #5 List .
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Brookfield Infrastructure Partners LP (BIP): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Ambarella, Inc. (AMBA): Free Stock Analysis Report
AngloGold Ashanti Limited (AU): Free Stock Analysis Report
Avianca Holdings S.A. (AVH): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions. Click to get this free report Brookfield Infrastructure Partners LP (BIP): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ambarella, Inc. (AMBA): Free Stock Analysis Report AngloGold Ashanti Limited (AU): Free Stock Analysis Report Avianca Holdings S.A. (AVH): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 11.8% downward over the last 60 days. | Click to get this free report Brookfield Infrastructure Partners LP (BIP): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ambarella, Inc. (AMBA): Free Stock Analysis Report AngloGold Ashanti Limited (AU): Free Stock Analysis Report Avianca Holdings S.A. (AVH): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days. | Click to get this free report Brookfield Infrastructure Partners LP (BIP): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ambarella, Inc. (AMBA): Free Stock Analysis Report AngloGold Ashanti Limited (AU): Free Stock Analysis Report Avianca Holdings S.A. (AVH): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions. Click to get this free report Brookfield Infrastructure Partners LP (BIP): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ambarella, Inc. (AMBA): Free Stock Analysis Report AngloGold Ashanti Limited (AU): Free Stock Analysis Report Avianca Holdings S.A. (AVH): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List . |
29442.0 | 2018-06-21 00:00:00 UTC | New Strong Sell Stocks for June 21st | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-june-21st-2018-06-21 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
58.com Inc. WUBA is an operator of online classifieds and listing platforms. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 30 days.
Escalade, Incorporated ESCA is a manufacturer of sporting goods. The Zacks Consensus Estimate for its current year earnings has been revised 2.3% downward over the last 30 days.
Thor Industries, Inc. THO is a designer of recreational vehicles, and related parts and accessories. The Zacks Consensus Estimate for its current year earnings has been revised 4.3% downward over the last 30 days.
Pointer Telocation Ltd. PNTR is a provider of mobile resource management products and services. The Zacks Consensus Estimate for its current year earnings has been revised 12.4% downward over the last 30 days.
ABM Industries Incorporated ABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 30 days.
View the entire Zacks Rank #5 List .
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58.com Inc. (WUBA): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Thor Industries, Inc. (THO): Free Stock Analysis Report
Escalade, Incorporated (ESCA): Free Stock Analysis Report
Pointer Telocation Ltd. (PNTR): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 a provider of integrated facility solutions. Click to get this free report 58.com Inc. (WUBA): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Escalade, Incorporated (ESCA): Free Stock Analysis Report Pointer Telocation Ltd. (PNTR): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 30 days. | Click to get this free report 58.com Inc. (WUBA): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Escalade, Incorporated (ESCA): Free Stock Analysis Report Pointer Telocation Ltd. (PNTR): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 30 days. | Click to get this free report 58.com Inc. (WUBA): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Escalade, Incorporated (ESCA): Free Stock Analysis Report Pointer Telocation Ltd. (PNTR): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 30 days. | Click to get this free report 58.com Inc. (WUBA): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Thor Industries, Inc. (THO): Free Stock Analysis Report Escalade, Incorporated (ESCA): Free Stock Analysis Report Pointer Telocation Ltd. (PNTR): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM is a provider of integrated facility solutions. View the entire Zacks Rank #5 List . |
29443.0 | 2018-06-13 00:00:00 UTC | New Strong Sell Stocks for June 13th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-june-13th-2018-06-13 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries IncorporatedABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days.
American Airlines Group Inc.AAL is a provider of air transportation services. The Zacks Consensus Estimate for its current year earnings has been revised 7.9% downward over the last 60 days.
Aspen Insurance Holdings LimitedAHL is a provider of insurance and reinsurance services. The Zacks Consensus Estimate for its current year earnings has been revised 12.1% downward over the last 60 days.
British American Tobacco p.l.c.BTI is a provider of cigarettes and other tobacco products. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days.
Cirrus Logic, Inc.CRUS is a developer and manufacturer of analog and mixed-signal integrated circuits (ICs). The Zacks Consensus Estimate for its current year earnings has been revised 23.1% downward over the last 30 days.
View the entire Zacks Rank #5 List .
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report
Aspen Insurance Holdings Limited (AHL): Free Stock Analysis Report
British American Tobacco p.l.c. (BTI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report Aspen Insurance Holdings Limited (AHL): Free Stock Analysis Report British American Tobacco p.l.c. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days. | Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report Aspen Insurance Holdings Limited (AHL): Free Stock Analysis Report British American Tobacco p.l.c. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days. | Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report Aspen Insurance Holdings Limited (AHL): Free Stock Analysis Report British American Tobacco p.l.c. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 60 days. | Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report Aspen Insurance Holdings Limited (AHL): Free Stock Analysis Report British American Tobacco p.l.c. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions. View the entire Zacks Rank #5 List . |
29444.0 | 2018-06-08 00:00:00 UTC | ABM Industries (ABM) Beats on Q2 Earnings, Lowers Guidance | ABM | https://www.nasdaq.com/articles/abm-industries-abm-beats-on-q2-earnings-lowers-guidance-2018-06-08 | nan | nan | ABM Industries Inc.ABM reported better-than-expected second-quarter fiscal 2018 results.
Adjusted earnings (from continuing operations) came in at 47 cents per share surpassing the Zacks Consensus Estimate by 2 cents. However, the bottom-line figure decreased 4.1% on a year-over-year basis. The downturn was mainly due to increased expenses related to buyout of CGA Services Group as well as higher wage and overtime costs resulting from a tightening labor market, partially offset by benefit from tax cut.
Revenues came in at $1.58 billion, which outpaced the consensus mark by $22.2 million and increased 20.6% year over year. The uptick was primarily driven by contributions from acquisition of GCA Services Group, organic growth within the Business & Industry segment, and parking and transportation wins within the Aviation segment.
Organic revenues grew 4.5% year over year. This improvement can be attributed to 6.8% and 3.9% organic growth in Business & Industry and Aviation segments, respectively. Revenues related to GCA came in at $256.4 million, which was reflected in the Education ($141.5 million), the Technology & Manufacturing ($60.6 million), and the Business & Industry segments ($42.5 million).
Shares of ABM have gained 11% since the announcement of its quarterly results. However, the stock has declined 14.6% year to date against the 10.1% increase of the industry it belongs to.
Revenues by Segment
Revenues from Business & Industry, Aviation, Technology & Manufacturing, and Healthcare segments totaled $723.2 million (up 13.4% year over year), $245.4 million (up 5.8%), $227.5 million (up 41%) and $69.6 million (up 15.3%), respectively.
Education segment revenues came in at $206.3 million compared with $65.2 million in the year-ago quarter. Technical Solutions segment revenues of $108.5 million decreased 2.1% year over year.
ABM Industries Revenue (TTM)
ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote
Operating Performance
Operating profit of $45.3 million declined 11.2% year over year. Adjusted EBITDA of $83 million increased 37.3% from the year-ago quarter. Adjusted EBITDA margin of 5.3% expanded 70 basis points (bps) year over year.
Balance Sheet
ABM ended the quarter with cash and cash equivalents of $69.7 million, up from $68.6 million in the first quarter of fiscal 2018. Long-term debt totaled $1.1 billion compared with $1.2 billion the prior quarter.
In the reported quarter, cash flow from operating activities was $99.6 million compared with $33.8 million in the previous quarter. The company paid dividend of $11.5 million in the same period.
Fiscal 2018 Guidance
ABM lowered its fiscal 2018 earnings guidance to adjust for increase in wage inflation and personal costs. Adjusted income from continuing operations is anticipated to be in the range of $1.85-$1.95 per share, down from $2-$2.10 per share expected earlier. The mid-point of the guided range is below the Zacks Consensus Estimate of $1.93.
Stocks to Consider
ABM has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Business Services sector include BG Staffing, Inc. BGSF , Insperity, Inc. NSP and Heidrick & Struggles International, Inc. HSII . While BG Staffing carries a Zacks Rank #2 (Buy), Insperity and Heidrick & Struggles sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The long-term expected earnings per share growth rate for Heidrick & Struggles, Insperity and BG Staffing is 13.5%, 18% and 20%, respectively.
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ABM Industries Incorporated (ABM): Free Stock Analysis Report
Heidrick & Struggles International, Inc. (HSII): Free Stock Analysis Report
Insperity, Inc. (NSP): Free Stock Analysis Report
BG Staffing Inc (BGSF): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 better-than-expected second-quarter fiscal 2018 results. Shares of ABM have gained 11% since the announcement of its quarterly results. ABM Industries Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Performance Operating profit of $45.3 million declined 11.2% year over year. | ABM Industries Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Performance Operating profit of $45.3 million declined 11.2% year over year. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Heidrick & Struggles International, Inc. (HSII): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report BG Staffing Inc (BGSF): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc.ABM reported better-than-expected second-quarter fiscal 2018 results. | ABM Industries Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Performance Operating profit of $45.3 million declined 11.2% year over year. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Heidrick & Struggles International, Inc. (HSII): Free Stock Analysis Report Insperity, Inc. (NSP): Free Stock Analysis Report BG Staffing Inc (BGSF): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc.ABM reported better-than-expected second-quarter fiscal 2018 results. | ABM Industries Inc.ABM reported better-than-expected second-quarter fiscal 2018 results. Shares of ABM have gained 11% since the announcement of its quarterly results. ABM Industries Revenue (TTM) ABM Industries Incorporated Revenue (TTM) | ABM Industries Incorporated Quote Operating Performance Operating profit of $45.3 million declined 11.2% year over year. |
29445.0 | 2018-06-07 00:00:00 UTC | Why Shares of ABM Industries, Inc. Jumped 13% Today | ABM | https://www.nasdaq.com/articles/why-shares-abm-industries-inc-jumped-13-today-2018-06-07 | nan | nan | What happened
Shares of ABM Industries, Inc. (NYSE: ABM) jumped as much as 13.4% in trading Thursday after the facility solutions provider reported fiscal second-quarter results that topped analyst expectations. The stock cooled off slightly at midday but was still up 11.3% at 11:05 a.m. EDT.
So what
Quarterly revenue jumped 20.6% to $1.58 billion and net income fell 14.9% to $26.6 million, or $0.40 per share. Adjusted net income from continuing operations, which is what analysts try to estimate, dipped 4.1% to $0.47 per share, which came in ahead of the $0.43 analysts were looking for, according to Yahoo! Finance. Sometimes beating low expectations can drive a stock higher, even if there isn't any bottom-line growth.
Management also said that full-year adjusted earnings from continuing operations would be $1.85 to $1.95 per share, which was in line with the $1.94 analyst estimate.
Now what
Sometimes beating low expectations is what pushes a stock higher and that's what happening with ABM Industries today. Shares had fallen 22.4% in 2018 prior to the earnings release and clearly investors had been lowering expectations all year.
While shares are up big today, they could fall back to earth if the rest of 2018 doesn't live up to newly heightened expectations. In particular, I'm worried that full-year earnings guidance is at the very high end of what analysts expect, and if results come up short, the stock could pull back again.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Now what Sometimes beating low expectations is what pushes a stock higher and that's what happening with ABM Industries today. What happened Shares of ABM Industries, Inc. (NYSE: ABM) jumped as much as 13.4% in trading Thursday after the facility solutions provider reported fiscal second-quarter results that topped analyst expectations. 10 stocks we like better than ABM Industries When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. | What happened Shares of ABM Industries, Inc. (NYSE: ABM) jumped as much as 13.4% in trading Thursday after the facility solutions provider reported fiscal second-quarter results that topped analyst expectations. Now what Sometimes beating low expectations is what pushes a stock higher and that's what happening with ABM Industries today. 10 stocks we like better than ABM Industries When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. | What happened Shares of ABM Industries, Inc. (NYSE: ABM) jumped as much as 13.4% in trading Thursday after the facility solutions provider reported fiscal second-quarter results that topped analyst expectations. Now what Sometimes beating low expectations is what pushes a stock higher and that's what happening with ABM Industries today. 10 stocks we like better than ABM Industries When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. | Now what Sometimes beating low expectations is what pushes a stock higher and that's what happening with ABM Industries today. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and ABM Industries wasn't one of them! What happened Shares of ABM Industries, Inc. (NYSE: ABM) jumped as much as 13.4% in trading Thursday after the facility solutions provider reported fiscal second-quarter results that topped analyst expectations. |
29446.0 | 2018-06-07 00:00:00 UTC | Thursday's ETF with Unusual Volume: FYX | ABM | https://www.nasdaq.com/articles/thursdays-etf-unusual-volume-fyx-2018-06-07 | nan | nan | The First Trust Small Cap Core AlphaDEX Fund ETF ( FYX ) is seeing unusually high volume in afternoon trading Thursday, with over 309,000 shares traded versus three month average volume of about 26,000. Shares of FYX were off about 0.4% on the day.
Components of that ETF with the highest volume on Thursday were Nabors Industries ( NBR ), trading up about 3.6% with over 8.4 million shares changing hands so far this session, and J.C. Penney ( JCP ), up about 0.4% on volume of over 7.7 million shares. Abm Industries ( ABM ) is the component faring the best Thursday, higher by about 12% on the day, while Rev Group ( REVG ) is lagging other components of the First Trust Small Cap Core AlphaDEX Fund ETF, trading lower by about 21.9%.
VIDEO: Thursday's ETF with Unusual Volume: FYX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 the component faring the best Thursday, higher by about 12% on the day, while Rev Group ( REVG ) is lagging other components of the First Trust Small Cap Core AlphaDEX Fund ETF, trading lower by about 21.9%. The First Trust Small Cap Core AlphaDEX Fund ETF ( FYX ) is seeing unusually high volume in afternoon trading Thursday, with over 309,000 shares traded versus three month average volume of about 26,000. Components of that ETF with the highest volume on Thursday were Nabors Industries ( NBR ), trading up about 3.6% with over 8.4 million shares changing hands so far this session, and J.C. Penney ( JCP ), up about 0.4% on volume of over 7.7 million shares. | Abm Industries ( ABM ) is the component faring the best Thursday, higher by about 12% on the day, while Rev Group ( REVG ) is lagging other components of the First Trust Small Cap Core AlphaDEX Fund ETF, trading lower by about 21.9%. The First Trust Small Cap Core AlphaDEX Fund ETF ( FYX ) is seeing unusually high volume in afternoon trading Thursday, with over 309,000 shares traded versus three month average volume of about 26,000. VIDEO: Thursday's ETF with Unusual Volume: FYX 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 the component faring the best Thursday, higher by about 12% on the day, while Rev Group ( REVG ) is lagging other components of the First Trust Small Cap Core AlphaDEX Fund ETF, trading lower by about 21.9%. The First Trust Small Cap Core AlphaDEX Fund ETF ( FYX ) is seeing unusually high volume in afternoon trading Thursday, with over 309,000 shares traded versus three month average volume of about 26,000. Components of that ETF with the highest volume on Thursday were Nabors Industries ( NBR ), trading up about 3.6% with over 8.4 million shares changing hands so far this session, and J.C. Penney ( JCP ), up about 0.4% on volume of over 7.7 million shares. | Abm Industries ( ABM ) is the component faring the best Thursday, higher by about 12% on the day, while Rev Group ( REVG ) is lagging other components of the First Trust Small Cap Core AlphaDEX Fund ETF, trading lower by about 21.9%. The First Trust Small Cap Core AlphaDEX Fund ETF ( FYX ) is seeing unusually high volume in afternoon trading Thursday, with over 309,000 shares traded versus three month average volume of about 26,000. Shares of FYX were off about 0.4% on the day. |
29447.0 | 2018-06-06 00:00:00 UTC | After-Hours Earnings Report for June 6, 2018 : THO, FIVE, OKTA, CLDR, UNFI, ABM, GEF, REVG, CMTL, AMSC, SEAC | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-june-6-2018-tho-five-okta-cldr-unfi-abm-gef-revg-cmtl-amsc | nan | nan | The following companies are expected to report earnings after hours on 06/06/2018. Visit our Earnings Calendar for a full list of expected earnings releases.
Thor Industries, Inc. ( THO ) is reporting for the quarter ending April 30, 2018. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.65. This value represents a 25.59% increase compared to the same quarter last year. In the past year THO has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 5.49%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for THO is 10.44 vs. an industry ratio of 11.00.
Five Below, Inc. ( FIVE ) is reporting for the quarter ending April 30, 2018. The retail company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.32. This value represents a 113.33% increase 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 1.72%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for FIVE is 32.86 vs. an industry ratio of 14.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Okta, Inc. ( OKTA ) is reporting for the quarter ending April 30, 2018. The internet software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.30. This value represents a 40.00% increase compared to the same quarter last year. OKTA missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -11.54%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for OKTA is -41.98 vs. an industry ratio of -25.80.
Cloudera, Inc. ( CLDR ) is reporting for the quarter ending April 30, 2018. The internet software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.38. This value represents a 40.74% decrease compared to the same quarter last year. In the past year CLDR has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 34.78%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for CLDR is -12.39 vs. an industry ratio of -176.20, implying that they will have a higher earnings growth than their competitors in the same industry.
United Natural Foods, Inc. ( UNFI ) is reporting for the quarter ending April 30, 2018. The food company's consensus earnings per share forecast from the 18 analysts that follow the stock is $0.93. This value represents a 20.78% increase compared to the same quarter last year. In the past year UNFI has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 33.96%. The "days to cover" for this stock exceeds 16 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for UNFI is 15.11 vs. an industry ratio of -0.30, 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, 2018. The building maintenance & services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.45. This value represents a 8.16% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 14.88 vs. an industry ratio of 14.90.
Greif Bros. Corporation ( GEF ) is reporting for the quarter ending April 30, 2018. The construction company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.84. This value represents a 25.37% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for GEF is 17.75 vs. an industry ratio of 17.00, implying that they will have a higher earnings growth than their competitors in the same industry.
REV Group, Inc. ( REVG ) is reporting for the quarter ending April 30, 2018. The transportation services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.31. This value represents a 6.90% increase compared to the same quarter last year. REVG missed the consensus earnings per share in the 4th calendar quarter of 2017 by -2.22%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for REVG is 10.49 vs. an industry ratio of 18.40.
Comtech Telecommunications Corp. ( CMTL ) is reporting for the quarter ending April 30, 2018. The wireless equipment company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.11. This value represents a 15.38% decrease compared to the same quarter last year. In the past year CMTL has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 200%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CMTL is 60.18 vs. an industry ratio of 4.70, implying that they will have a higher earnings growth than their competitors in the same industry.
American Superconductor Corporation ( AMSC ) is reporting for the quarter ending March 31, 2018. The electrical instrument company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.34. This value represents a 39.29% increase compared to the same quarter last year. In the past year AMSC has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 51.22%. The "days to cover" for this stock exceeds 33 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AMSC is -3.67 vs. an industry ratio of 17.70.
SeaChange International, Inc. ( SEAC ) is reporting for the quarter ending April 30, 2018. The communications company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.14. This value represents a 100.00% decrease compared to the same quarter last year. In the past year SEAC and beat the expectations the other three quarters. Zacks Investment Research reports that the 2019 Price to Earnings ratio for SEAC is 42.57 vs. an industry ratio of -23.20, 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.
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, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 14.88 vs. an industry ratio of 14.90. The internet software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.30. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending April 30, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 14.88 vs. an industry ratio of 14.90. Zacks Investment Research reports that the 2019 Price to Earnings ratio for CLDR is -12.39 vs. an industry ratio of -176.20, 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 April 30, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 14.88 vs. an industry ratio of 14.90. Zacks Investment Research reports that the 2019 Price to Earnings ratio for CLDR is -12.39 vs. an industry ratio of -176.20, 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 April 30, 2018. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 14.88 vs. an industry ratio of 14.90. Thor Industries, Inc. ( THO ) is reporting for the quarter ending April 30, 2018. |
29448.0 | 2018-06-06 00:00:00 UTC | Earnings Reaction History: ABM Industries Inc., 83.3% Follow-Through Indicator, 5.6% Sensitive | ABM | https://www.nasdaq.com/articles/earnings-reaction-history-abm-industries-inc-833-follow-through-indicator-56-sensitive | nan | nan | Expected Earnings Release: 06/06/2018, After-hours
Avg. Extended-Hours Dollar Volume: $1,167,860
ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 100%
Average next regular session additional gain: 2.6%
Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 66.7%
Average next regular session additional loss: 5%
Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $1,167,860 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $1,167,860 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 66.7% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $1,167,860 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Extended-Hours Dollar Volume: $1,167,860 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. |
29449.0 | 2018-05-30 00:00:00 UTC | ABM Industries (ABM) Stock Down 32% in a Year: Here's Why | ABM | https://www.nasdaq.com/articles/abm-industries-abm-stock-down-32-in-a-year%3A-heres-why-2018-05-30 | nan | nan | Shares of ABM Industries Inc.ABM have lost 33% against the industry 's growth of 17.4% in a year.
Moreover, the facility management provider's shares tumbled to a 52-week low of $28.54 during the trading session on May 29. The figure recovered marginally to close at $28.82, down 1.3%.
Reasons Behind the Plunge
ABM Industries operates in a highly competitive industry where the barriers to entry are very low. This makes it difficult for the company to maintain strong and long-term relationships with clients. In order to win new clients and retain the existing ones, the company has to remain technologically updated to meet varying and rapidly changing client demands.
This increases operating expenses of the company, thereby reducing margins. In 2017, operating expenses rose 14% to $1.34 billion. As of Jan 31, 2018, the figure was up 19.6% to 1.43 billion. Rising operating costs are a major headwind for the company's growth.
The company's business outside the United States, especially in the United Kingdom, remains susceptible to the outcome of Brexit. With the exit of U.K. from the European Union (EU), the European economy has become highly unpredictable with disruptions and restrictions in acquisitions and trade with other European Union members. Such activities weigh on company's revenues and margins.
ABM Industries has a highly leveraged balance sheet. Notably, its long-term debt rose from $268.3 million in 2016 to $1.16 billion at the end of 2017. The company had $62.8 million of cash and cash equivalents in 2017. As of Jan 31, 2018, cash and cash equivalents were $68.6 million while long-term debt was $1.17 billion. This implies that ABM Industries is currently unable to generate adequate amount of operating cash flow to service its debt.
Stocks to Consider
Some better-ranked stocks in the broader Business Services sector include Accenture plc ACN , NV5 Global NVEE and Bureau Veritas S. A. BVRDF . All the stocks carry a Zacks Rank #2 (Buy).
The long-term expected earnings per share growth rates for Accenture, NV5 Global and Bureau Veritas are 10%, 20% and 8%, respectively.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This implies that ABM Industries is currently unable to generate adequate amount of operating cash flow to service its debt. Shares of ABM Industries Inc.ABM have lost 33% against the industry 's growth of 17.4% in a year. Reasons Behind the Plunge ABM Industries operates in a highly competitive industry where the barriers to entry are very low. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Bureau Veritas Registre International De Classification (BVRDF): Free Stock Analysis Report NV5 Global, Inc. (NVEE): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of ABM Industries Inc.ABM have lost 33% against the industry 's growth of 17.4% in a year. Reasons Behind the Plunge ABM Industries operates in a highly competitive industry where the barriers to entry are very low. | Shares of ABM Industries Inc.ABM have lost 33% against the industry 's growth of 17.4% in a year. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Bureau Veritas Registre International De Classification (BVRDF): Free Stock Analysis Report NV5 Global, Inc. (NVEE): Free Stock Analysis Report To read this article on Zacks.com click here. Reasons Behind the Plunge ABM Industries operates in a highly competitive industry where the barriers to entry are very low. | Shares of ABM Industries Inc.ABM have lost 33% against the industry 's growth of 17.4% in a year. Reasons Behind the Plunge ABM Industries operates in a highly competitive industry where the barriers to entry are very low. ABM Industries has a highly leveraged balance sheet. |
29450.0 | 2018-05-11 00:00:00 UTC | Commit To Buy ABM Industries At $25, Earn 6.3% Annualized Using Options | ABM | https://www.nasdaq.com/articles/commit-buy-abm-industries-25-earn-63-annualized-using-options-2018-05-11 | nan | nan | Investors eyeing a purchase of ABM Industries, Inc. (Symbol: ABM) shares, but cautious about paying the going market price of $30.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $25 strike, which has a bid at the time of this writing of 70 cents. Collecting that bid as the premium represents a 2.8% return against the $25 commitment, or a 6.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to ABM's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $25 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless ABM Industries, Inc. sees its shares fall 18% and the contract is exercised (resulting in a cost basis of $24.30 per share before broker commissions, subtracting the 70 cents from $25), the only upside to the put seller is from collecting that premium for the 6.3% annualized rate of return.
Interestingly, that annualized 6.3% figure actually exceeds the 2.3% annualized dividend paid by ABM Industries, Inc. by 4%, based on the current share price of $30.50. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 18.03% to reach the $25 strike price.
Always important when discussing dividends is the fact that, 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 dividend 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 2.3% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $25 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the October put at the $25 strike for the 6.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for ABM Industries, Inc. (considering the last 252 trading day closing values as well as today's price of $30.50) to be 27%. For other put options contract ideas at the various different available expirations, visit the ABM Stock Options page of StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $25 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the October put at the $25 strike for the 6.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for ABM Industries, Inc. (considering the last 252 trading day closing values as well as today's price of $30.50) to be 27%. Investors eyeing a purchase of ABM Industries, Inc. (Symbol: ABM) shares, but cautious about paying the going market price of $30.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. | Selling a put does not give an investor access to ABM's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $25 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the October put at the $25 strike for the 6.3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for ABM Industries, Inc. (considering the last 252 trading day closing values as well as today's price of $30.50) to be 27%. | So unless ABM Industries, Inc. sees its shares fall 18% and the contract is exercised (resulting in a cost basis of $24.30 per share before broker commissions, subtracting the 70 cents from $25), the only upside to the put seller is from collecting that premium for the 6.3% annualized rate of return. In the case of ABM Industries, Inc., looking at the dividend 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 2.3% annualized dividend yield. Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $25 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the October put at the $25 strike for the 6.3% annualized rate of return represents good reward for the risks. | So unless ABM Industries, Inc. sees its shares fall 18% and the contract is exercised (resulting in a cost basis of $24.30 per share before broker commissions, subtracting the 70 cents from $25), the only upside to the put seller is from collecting that premium for the 6.3% annualized rate of return. In the case of ABM Industries, Inc., looking at the dividend 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 2.3% annualized dividend yield. Below is a chart showing the trailing twelve month trading history for ABM Industries, Inc., and highlighting in green where the $25 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the October put at the $25 strike for the 6.3% annualized rate of return represents good reward for the risks. |
29451.0 | 2018-05-10 00:00:00 UTC | Dun & Bradstreet (DNB) Tops Q1 Earnings & Revenue Estimates | ABM | https://www.nasdaq.com/articles/dun-bradstreet-dnb-tops-q1-earnings-revenue-estimates-2018-05-10 | nan | nan | The Dun & Bradstreet CorporationDNB reported strong first-quarter 2018 results with earnings and revenues surpassing the Zacks Consensus Estimate.
Adjusted earnings of $1.24 per share beat the consensus mark by 20 cents and increased 30.5% year over year.
Total revenues of $418.2 million beat the Zacks Consensus Estimate of $387.4 million. The figure was up 9.6% year over year. Adjusted revenues of $384.7 million were up 0.2% from the year-ago quarter. Organic revenues in the reported quarter grew 0.4% from the year-ago quarter and were in line with adjusted revenues.
Dun & Bradstreet Corporation (The) Revenue (TTM)
Dun & Bradstreet Corporation (The) Revenue (TTM) | Dun & Bradstreet Corporation (The) Quote
We observe that shares of Dun & Bradstreet have gained 5.6% in the past three months, outperforming the S&P 500's gain of 0.5%.
Let's check out the numbers.
Revenues by Segment
Americas segment (83% of total revenues) revenues increased 9.9% from the year-ago quarter to $345.7 million. Adjusted revenues of $311.5 million were down 2% year over year.
In terms of product lines, adjusted Risk Management Solutions revenues from Americas decreased 3.7% year over year to $175.2 million. Sales and Marketing Solutions revenues from the region grew 1.5% from the year-ago quarter to $136.3 million.
Non-Americas segment (17% of total revenues) revenues increased 8.2% from the year-ago quarter to $72.5 million. Adjusted revenues of $73.2 million were up 8% year over year.
In terms of product lines, adjusted Risk Management Solutions revenues from Non-Americas increased 6.9% year over year to $58.2 million. Sales and Marketing Solutions grew 14.5% from the year-ago quarter to $15 million.
Operating Results
Total operating income came in at $94.7 million compared with $41.3 million in the year-ago quarter. Americas operating income was $106.4 million, up 85% year over year. Non-Americas operating income was $20.4 million, up 12% year over year.
Adjusted operating income increased 6.4% year over year to $71.9 million. Adjusted operating income for Americas was $71.6 million, up 2% year over year. Adjusted operating income for Non-Americas was $21.2 million, up 13% year over year.
Operating income margin rose to 22.6% from 10.8% in the year-ago quarter. Adjusted operating income margin was 17.2% compared with 17.7% in the year-ago quarter.
On an adjusted basis, total operating costs grew 1.1% from the year-ago quarter to $312.8 million.
Balance Sheet and Cash Flow
Dun & Bradstreet exited first-quarter 2018 with cash and cash equivalents of $188.1 million compared with $442.4 million at the end of December 2017. As of Mar 31, 2018, long-term debt was $1.3 billion, down from $1.6 billion at the end of December 2017. The company's net debt position was $1.1 billion compared with $1.2 billion as of Dec 31, 2017.
The company generated $121.6 million of cash from operating activities in the reported quarter compared with $123.8 million in the year-ago quarter. Free cash flow was $106.7 million compared with $108.3 million in the year-ago quarter.
Dividend Payment
Concurrent with the earnings release, Dun & Bradstreet announced a quarterly cash dividend of 52.25 cents per share. The dividend will be paid on Jun 8 to shareholders of record at the close of business on May 23.
Zacks Rank & Upcoming Releases
Dun & Bradstreet currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report Dun & Bradstreet Corporation (The) (DNB): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. | While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report Dun & Bradstreet Corporation (The) (DNB): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . | Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report Dun & Bradstreet Corporation (The) (DNB): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. | While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report Dun & Bradstreet Corporation (The) (DNB): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . |
29452.0 | 2018-05-10 00:00:00 UTC | Xperi Corporation's (XPER) Q1 Earnings and Billings Grow Y/Y (Revised) | ABM | https://www.nasdaq.com/articles/xperi-corporations-xper-q1-earnings-and-billings-grow-y-y-revised-2018-05-10 | nan | nan | Xperi CorporationXPER reported adjusted earnings of approximately 61 cents per share in first-quarter 2018, up 27.1% from the year-ago number of roughly 48 cents. Adjusted earnings have been calculated on a billings basis.
Total billings amounted to $104.3 million, up 4.6% year over year. Billings came above the guided range of $99-$104 million.
Other Quarterly Details
Non-GAAP operating expenses were $62 million compared with $65.5 million in the year-ago quarter.
At quarter end, cash, cash equivalents and short-term investments were $80.8 million compared with $200.7 million at the end of the fourth quarter of 2017. Long-term debt totaled $480.3 million compared with $545.2 million at the end of the fourth quarter. The company generated $4.7 million in cash from operations in the quarter under review.
In the first quarter, the company repurchased shares for an aggregate amount of $15 million. As of Mar 31, 2018, Xperi had approximately $127.9 million remaining under its current repurchase program. It also paid $9.9 million in dividends.
Xperi Corporation Price, Consensus and EPS Surprise
Tessera Holding Corporation Price, Consensus and EPS Surprise | Tessera Holding Corporation Quote
Guidance
For the second quarter of 2018, the company expects billings between $99 million and $103 million. Non-GAAP operating expenses are envisioned in the range of $62-$65 million.
For the full year, billings are expected between $415 million and $445 million. Non-GAAP operating expenses are anticipated in the range of $394-$412 million.
Upcoming Releases
Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6.
(We are reissuing this article to correct a mistake. The original article, issued on May, 07, 2018, should no longer be relied upon.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Upcoming Releases Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. | Upcoming Releases Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. | Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. Upcoming Releases Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. | Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. Upcoming Releases Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. |
29453.0 | 2018-05-09 00:00:00 UTC | Broadridge (BR) Q3 Earnings & Revenues Top, EPS View Up | ABM | https://www.nasdaq.com/articles/broadridge-br-q3-earnings-revenues-top-eps-view-up-2018-05-09 | nan | nan | Broadridge Financial Solutions Inc.BR reported strong third-quarter fiscal 2018 results with earnings and revenues surpassing the Zacks Consensus Estimate.
Adjusted earnings of $1.00 per share beat the consensus mark by 21 cents and increased 45% year over year. The bottom line benefited from lower tax rates (as a result of the Tax Cuts and Jobs Act) and improvement in adjusted operating income.
As a result of the Tax Act, the effective tax rate for the reported quarter reduced to 12.9% from 28.6% in the prior-year period. The company also witnessed $15.6 million of tax benefit from stock-based compensation. This was, however, partially offset by $16.1 million of net tax charges associated with the Tax Act.
Total revenues of $1.07 billion beat the Zacks Consensus Estimate of $1.03 billion. The figure was up 6.2% year over year. The top line benefited from robust event-driven fee revenues, higher recurring fee revenues and distribution revenues.
Recurring fee revenues increased 8% to $639 million due to higher organic growth, which was backed by net new business, internal growth and acquisition-related synergies. Event-driven fee revenues increased 9% to $67 million due to higher proxy contests. Distribution revenues increased 2% to $385 million.
Broadridge Financial Solutions, Inc. Revenue (TTM)
Broadridge Financial Solutions, Inc. Revenue (TTM) | Broadridge Financial Solutions, Inc. Quote
Broadridge looks strong on the back of its business model, driven by higher recurring fee revenues. The company's focus on enhancing its internal growth with strategic buyouts has always been appreciable. To this end, in the reported quarter, the company completed the acquisition of ActivePath, at an aggregate price of $25 million. The buyout should help Broadridge enhance consumer experience by transforming and improving its digital platform. The company has deployed almost $103 million for acquisitions year-to-date.
Additionally, the company ended the quarter with a healthy balance sheet and strong cash flow, which helped it undertake several shareholder-friendly moves like share buybacks and dividend payments. Such activities not only instill investors' confidence but also positively impact the bottom line.
We observe that shares of Broadridge have gained 58.6% in the past year, outperforming the industry 's gain of 22.4%.
Let's check out the numbers.
Revenues by Segment
Investor Communication Solutions segment (79.79% of total revenues) revenues increased 4.2% from the year-ago quarter to $855.3 million. Segment revenues were driven by higher recurring fee revenues ($403 million) from internal growth, net new business and acquisitions, elevated event-driven fee revenues ($67 million) and distribution revenues ($385 million).
Global Technology and Operations segment (21.94%) revenues came in at $235.2 million, up 12.8% from the year-ago quarter. Segment revenues were driven by internal growth from higher trade and non-trade activity levels, higher net new business from closed sales and buyouts.
Operating Results
Operating income increased 19% year over year to $130 million. Adjusted operating income came in at $152 million, up 13% from the year-ago quarter.
Operating income margin rose to 12.1% from 10.9% in the year-ago quarter. Adjusted operating income margin rose to 14.1% from 13.2% in the year-ago quarter. The margin expansion was driven by higher recurring fee revenues.
Selling, general and administrative expenses increased 10.6% to $138.8 million. Total operating expenses increased 4.7% to $941.9 million.
Balance Sheet and Cash Flow
Broadridge exited third-quarter fiscal 2018 with cash and cash equivalents of $352.1 million, up from $366.5 million at the end of December 2017. As of Mar 31, 2018, long-term debt was $1,203.1 million, up from $1,222.7 million at the end of December 2017.
The company generated $274.8 million of cash from operating activities in the reported quarter compared with $162.1 million in the year-ago quarter. Free cash flow was $204.2 million compared with $92.6 million in the year-ago quarter.
During the reported quarter, the company returned $123 million to its shareholders in the form of dividends compared with $80.4 million in second-quarterfiscal 2018.
Fiscal 2018 Guidance
Broadridge raised its fiscal 2018 guidance for adjusted EPS growth to 31-35% from 27-31%, while reaffirming its outlook for revenue growth and margin expansion.
Total revenues are expected to grow in the rate of 2-4%. Recurring revenue growth is expected in the range of 4-6%. Adjusted operating income margin is still estimated to be approximately 16%. It also reiterated free cash flow expectations in the range of $500-$550 million.
Zacks Rank & Upcoming Releases
Broadridge currently has a Zacks Rank #4 (Sell).
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Broadridge Financial Solutions, Inc. (BR): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Broadridge Financial Solutions, Inc. (BR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. | Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Broadridge Financial Solutions, Inc. (BR): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. | While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report Broadridge Financial Solutions, Inc. (BR): Free Stock Analysis Report To read this article on Zacks.com click here. |
29454.0 | 2018-05-08 00:00:00 UTC | Gartner (IT) Beats on Q1 Earnings & Revenues, Cuts '18 View | ABM | https://www.nasdaq.com/articles/gartner-it-beats-on-q1-earnings-revenues-cuts-18-view-2018-05-08 | nan | nan | Gartner, Inc.IT reported strong first-quarter 2018 results with revenues and earnings surpassing the Zacks Consensus Estimate.
Adjusted earnings of 72 cents per share beat the consensus mark by 14 cents and increased 20% year over year.
Total revenues of $963.56 million beat the Zacks Consensus Estimate of $929 million. The figure was up 54% year over year. Adjusted revenues of $974 million were up 16% from the year-ago quarter. Strength across the majority of the segments drove the top line.
Total contract value for Gartner business was approximately $2.9 billion, up 12% year over year.
Gartner, Inc. Revenue (TTM)
Gartner, Inc. Revenue (TTM) | Gartner, Inc. Quote
We observe that shares of Gartner have gained 7.2% in the past three months, outperforming the industry 's gain of 1.4%.
Let's check out the numbers.
Revenues by Segment
Research segment's revenues increased 49% year over year to $763.92 million. The quarterly gross contribution margin was 70% for the quarter, up from 69% in the year-ago period.
Under Global Technology Sales, client retention was 83% and wallet retention was 104%. Global Business Sales client retention was 82% and wallet retention was 99%.
Consulting segment revenues grew 5% from the year-ago quarter to $82.89 million. Backlog, the key leading indicator of future revenue growth for the Consulting business, was $104 million compared with $89 million in the prior-year period. Gross contribution margin was 29% compared with 30% in the year-earlier quarter.
Events segment revenues increased 31% from the year-ago quarter to $46.08 million. Gross contribution margin was 35%, down from 38% in the first quarter of 2017.
Talent Assessment & Other segment revenues were $70.65 million, while gross contribution margin was 61%.
Operating Results
Adjusted EBITDA increased 13.4% year over year to $161 million. Adjusted EBITDA margin declined to 16.7% from 22.7% in the year-ago quarter.
Balance Sheet and Cash Flow
Gartner exited first-quarter 2018 with cash and cash equivalents of $189.98 million compared with $538.91 million at the end of December 2017. As of Mar 31, 2018, long-term debt was $2,186.06 million compared with $2,899.12 million at the end of December 2017.
Operating cash flow was $3 million and free cash flow was $27 million in the reported quarter.
2018 Outlook
Gartner lowered its guidance for 2018. The company currently expects revenues in the range of $3.9-$4.0 billion, compared with the earlier expectations of $4.1-4.2 billion. The Zacks Consensus Estimate stands at $4.2 billion, which is above the currently guided range.
Adjusted earnings are expected in the range of $3.51-$3.91 per share, compared with $3.71-$4.11 expected earlier. The Zacks Consensus Estimate stands at $3.89, within the currently guided range.
Adjusted EBITDA is expected in the range of $710-760 million compared with $750-$800 million expected earlier.
Operating cash flow is expected in the range of $425-475 million compared with $460-$510 million expected earlier. Free cash flow is expected in the range of $416-456 million compared with $451-$491 million expected earlier.
Zacks Rank & Upcoming Releases
Gartner currently has a Zacks Rank #4 (Sell).
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report Gartner, Inc. (IT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. | Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report Gartner, Inc. (IT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report Gartner, Inc. (IT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. | While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6. Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated ABM , Accenture plc ACN and FactSet Research Systems Inc. FDC . Click to get this free report First Data Corporation (FDC): Free Stock Analysis Report Gartner, Inc. (IT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report To read this article on Zacks.com click here. |
29455.0 | 2018-05-03 00:00:00 UTC | New Strong Sell Stocks for May 3rd | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-may-3rd-2018-05-03 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries IncorporatedABM is a provider of integrated facility solutions across the globe. The Zacks Consensus Estimate for its current year earnings has been revised 4.9% downward over the last 60 days.
American Homes 4 RentAMH is a provider of rental services for single-family homes. The Zacks Consensus Estimate for its current year earnings has been revised 4.3% downward over the last 60 days.
Arconic Inc.ARNC engages in engineering and selling lightweight metals such as aluminum, titanium, and nickel. The Zacks Consensus Estimate for its current year earnings has been revised 4% downward over the last 60 days.
Assurant, Inc.AIZ is a provider of risk management services for housing and lifestyle markets. The Zacks Consensus Estimate for its current year earnings has been revised 6.1% downward over the last 60 days.
Cognex CorporationCGNX is a provider of machine vision products. The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 30 days.
View the entire Zacks Rank #5 List .
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Assurant, Inc. (AIZ): Free Stock Analysis Report
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Cognex Corporation (CGNX): Free Stock Analysis Report
American Homes 4 Rent (AMH): 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.
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 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions across the globe. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Assurant, Inc. (AIZ): Free Stock Analysis Report Arconic Inc. (ARNC): Free Stock Analysis Report Cognex Corporation (CGNX): Free Stock Analysis Report American Homes 4 Rent (AMH): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 4.9% downward over the last 60 days. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions across the globe. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Assurant, Inc. (AIZ): Free Stock Analysis Report Arconic Inc. (ARNC): Free Stock Analysis Report Cognex Corporation (CGNX): Free Stock Analysis Report American Homes 4 Rent (AMH): 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. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Assurant, Inc. (AIZ): Free Stock Analysis Report Arconic Inc. (ARNC): Free Stock Analysis Report Cognex Corporation (CGNX): Free Stock Analysis Report American Homes 4 Rent (AMH): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions across the globe. The Zacks Consensus Estimate for its current year earnings has been revised 4.9% downward over the last 60 days. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is a provider of integrated facility solutions across the globe. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Assurant, Inc. (AIZ): Free Stock Analysis Report Arconic Inc. (ARNC): Free Stock Analysis Report Cognex Corporation (CGNX): Free Stock Analysis Report American Homes 4 Rent (AMH): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List . |
29456.0 | 2018-04-30 00:00:00 UTC | 5 Dividend Growth Stocks With Upside To Analyst Targets | ABM | https://www.nasdaq.com/articles/5-dividend-growth-stocks-upside-analyst-targets-2018-04-30 | 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.
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:
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.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets. 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: Another consideration with dividend growth stocks is just how much the dividend is growing . Get the latest Zacks research report on T - FREE Get the latest Zacks research report on NNN - FREE 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. | The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented. 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. Get the latest Zacks research report on T - FREE Get the latest Zacks research report on NNN - FREE 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. | 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. 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: Another consideration with dividend growth stocks is just how much the dividend is growing . | 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. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented. Get the latest Zacks research report on T - FREE Get the latest Zacks research report on NNN - FREE 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. |
29457.0 | 2018-04-16 00:00:00 UTC | Look Under The Hood: SDY Has 10% Upside | ABM | https://www.nasdaq.com/articles/look-under-hood-sdy-has-10-upside-2018-04-16 | 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 $100.38 per unit.
With SDY trading at a recent price near $91.26 per unit, that means that analysts see 10.00% 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), Carlisle Companies Inc. (Symbol: CSL), and Stanley Black & Decker Inc (Symbol: SWK). Although ABM has traded at a recent price of $32.25/share, the average analyst target is 28.68% higher at $41.50/share. Similarly, CSL has 26.84% upside from the recent share price of $99.34 if the average analyst target price of $126.00/share is reached, and analysts on average are expecting SWK to reach a target price of $186.54/share, which is 22.84% above the recent price of $151.86. Below is a twelve month price history chart comparing the stock performance of ABM, CSL, and SWK:
Below is a summary table of the current analyst target prices discussed above:
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.
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 $32.25/share, the average analyst target is 28.68% higher at $41.50/share. Below is a twelve month price history chart comparing the stock performance of ABM, CSL, and SWK: Below is a summary table of the current analyst target prices discussed above: 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), Carlisle Companies Inc. (Symbol: CSL), and Stanley Black & Decker Inc (Symbol: SWK). | Three of SDY's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), Carlisle Companies Inc. (Symbol: CSL), and Stanley Black & Decker Inc (Symbol: SWK). Although ABM has traded at a recent price of $32.25/share, the average analyst target is 28.68% higher at $41.50/share. Below is a twelve month price history chart comparing the stock performance of ABM, CSL, and SWK: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Below is a twelve month price history chart comparing the stock performance of ABM, CSL, and SWK: Below is a summary table of the current analyst target prices discussed above: 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), Carlisle Companies Inc. (Symbol: CSL), and Stanley Black & Decker Inc (Symbol: SWK). Although ABM has traded at a recent price of $32.25/share, the average analyst target is 28.68% higher at $41.50/share. | Three of SDY's underlying holdings with notable upside to their analyst target prices are ABM Industries, Inc. (Symbol: ABM), Carlisle Companies Inc. (Symbol: CSL), and Stanley Black & Decker Inc (Symbol: SWK). Although ABM has traded at a recent price of $32.25/share, the average analyst target is 28.68% higher at $41.50/share. Below is a twelve month price history chart comparing the stock performance of ABM, CSL, and SWK: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? |
29458.0 | 2018-04-05 00:00:00 UTC | ABM Industries (ABM) Down 8% Since Earnings Report: Can It Rebound? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-down-8-since-earnings-report%3A-can-it-rebound-2018-04-05 | nan | nan | It has been about a month since the last earnings report for ABM Industries IncorporatedABM . Shares have lost about 8% in that time frame.
Will the recent negative trend continue leading up to its next earnings release, or is ABM 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 Misses on Q1 Earnings, Raises Guidance
ABM recorded first-quarter fiscal 2018 (ended Jan 31, 2018) net income from continuing operations of $28 million or 42 cents per share compared with $16.1 million or 28 cents in the year-earlier quarter. The year-over-year increase was primarily attributable to income tax benefit.
Adjusted earnings (from continuing operations) for the reported quarter were $17.4 million or 26 cents per share compared with $21.5 million or 38 cents per share in the year-ago quarter. The year-over-year decrease in adjusted earnings was largely due to interest expenses, amortization and higher share count. Adjusted earnings for the quarter missed the Zacks Consensus Estimate by 2 cents.
Top-Line Improvement
Revenues for the reported quarter increased 19.7% year over year to $1,588.3 million, largely driven by organic and inorganic growth. Organic growth improved 3% year over year while acquisitions contributed $253.9 million of incremental revenues during the quarter related to the GCA Services buyout. Organic growth in the Aviation segment was driven by higher passenger services, cabin cleaning, parking, catering and transportation services for new and existing customers. Organic growth in the Business & Industry segment was led by higher janitorial and facility services revenues. Quarterly revenues exceeded the Zacks Consensus Estimate of $1,572 million.
Operating profit declined to $19.5 million from $23.8 million in the year-ago period, owing to higher operating expenses. Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) for the reported quarter increased to $65.1 million from $48.1 million in the year-earlier quarter for respective margins of 4.1% and 3.6% owing to the newly-acquired GCA business, revenue contribution and higher procurement savings.
Financial Position
Cash and cash equivalents at quarter end were $68.6 million while total debt was $1.3 billion. Net cash from operating activities was $33.7 million compared with cash utilization of $11.1 million in the year-ago period.
Guidance Raised
ABM raised its guidance for fiscal 2018 due to the favorable impact of the U.S. Tax Cuts and Jobs Act. GAAP income from continuing operations is expected to be within $1.88 to $1.98 per share compared with earlier range of $1.33-$1.43. Adjusted income from continuing operations is anticipated to be in the range of $2.00 to $2.10, up from $1.70 to $1.80 per share expected earlier.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates. There has been one revision lower for the current quarter.
ABM Industries Incorporated Price and Consensus
ABM Industries Incorporated Price and Consensus | ABM Industries Incorporated Quote
VGM Scores
At this time, ABM has a great Growth Score of A, though it is lagging a lot on the momentum front with a C. The stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Based on our scores, the stock is primarily suitable for growth investors while also being suitable for those looking for value and to a lesser degree momentum.
Outlook
Estimates have been broadly trending downward for the stock and the magnitude of this revision indicates a downward shift. It's no surprise that ABM has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | It has been about a month since the last earnings report for ABM Industries IncorporatedABM . Will the recent negative trend continue leading up to its next earnings release, or is ABM due for a breakout? ABM Industries Misses on Q1 Earnings, Raises Guidance ABM recorded first-quarter fiscal 2018 (ended Jan 31, 2018) net income from continuing operations of $28 million or 42 cents per share compared with $16.1 million or 28 cents in the year-earlier quarter. | ABM Industries Misses on Q1 Earnings, Raises Guidance ABM recorded first-quarter fiscal 2018 (ended Jan 31, 2018) net income from continuing operations of $28 million or 42 cents per share compared with $16.1 million or 28 cents in the year-earlier quarter. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated Price and Consensus | ABM Industries Incorporated Quote VGM Scores At this time, ABM has a great Growth Score of A, though it is lagging a lot on the momentum front with a C. The stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy. It has been about a month since the last earnings report for ABM Industries IncorporatedABM . | ABM Industries Misses on Q1 Earnings, Raises Guidance ABM recorded first-quarter fiscal 2018 (ended Jan 31, 2018) net income from continuing operations of $28 million or 42 cents per share compared with $16.1 million or 28 cents in the year-earlier quarter. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated Price and Consensus | ABM Industries Incorporated Quote VGM Scores At this time, ABM has a great Growth Score of A, though it is lagging a lot on the momentum front with a C. The stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy. It has been about a month since the last earnings report for ABM Industries IncorporatedABM . | It has been about a month since the last earnings report for ABM Industries IncorporatedABM . ABM Industries Misses on Q1 Earnings, Raises Guidance ABM recorded first-quarter fiscal 2018 (ended Jan 31, 2018) net income from continuing operations of $28 million or 42 cents per share compared with $16.1 million or 28 cents in the year-earlier quarter. Will the recent negative trend continue leading up to its next earnings release, or is ABM due for a breakout? |
29459.0 | 2018-04-04 00:00:00 UTC | ABM Industries (ABM) Stock Declines 11.2% YTD: Here's Why | ABM | https://www.nasdaq.com/articles/abm-industries-abm-stock-declines-11.2-ytd%3A-heres-why-2018-04-04 | nan | nan | Shares of ABM Industries IncorporatedABM have lost 11.2% against the industry 's gain of 3% on a year-to-date basis.
Reasons Behind the Price Plunge
The company's significant presence in the United Kingdom seems to be a major headwind for its operations. Post the Brexit referendum, the European economy has become highly unpredictable with disruptions and restrictions in acquisitions and trade with other European Union members. Such activities affect the company's revenues and margins.
Moreover, ABM Industries' dependence on inorganic growth is a concern. It appears that the company's failure to make new acquisitions on a regular basis is hampering its growth rate with reduced revenues and margins. Strong competitive pressure also limits its success rate in bidding for profitable businesses and its ability to increase prices in accordance with rising costs.
The company is also engaged in several energy efficiency projects. However, such projects remain exposed to federal and state legislature policies and natural disasters.
Notably, the company's earnings missed estimates in first-quarter fiscal 2018. Adjusted earnings (from continuing operations) of 26 cents per share lagged the Zacks Consensus Estimate by 2 cents and declined 31.6% from the year-ago quarter. The year-over-year decrease was largely due to interest expenses, amortization and higher share count. The company's operating profit of $19.5 million was down 18.2% year over year.
Downward Estimate Revisions & Zacks Rank
The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. Over the last 60 days, the Zacks Consensus Estimate for current quarter earnings decreased 13.5% to 45 cents per share. Estimates for 2018 decreased 8.1% to $1.93 per share in the same time frame.
The downward estimate revisions along with a Zacks Rank #4 (Sell) reflect pessimism over prospects of ABM Industries.
Negative Earnings Surprise History
ABM Industries has a disappointing earnings surprise history. The company's earnings have lagged the Zacks Consensus Estimate in three of the previous four quarters, delivering an average negative earnings surprise of 4.1%.
Stocks to Consider
Some better-ranked stocks in the broader Business Services sector include Fiserv FISV , Global Payments GPN and Fidelity National Information Services FIS . All the stocks currently carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
The projected earnings growth rate (3-5 years) for Fiserv, Global Payments and Fidelity is 11.5%, 15.8% and 12%, respectively.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares of ABM Industries IncorporatedABM have lost 11.2% against the industry 's gain of 3% on a year-to-date basis. Moreover, ABM Industries' dependence on inorganic growth is a concern. The downward estimate revisions along with a Zacks Rank #4 (Sell) reflect pessimism over prospects of ABM Industries. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Fidelity National Information Services, Inc. (FIS): Free Stock Analysis Report Fiserv, Inc. (FISV): Free Stock Analysis Report Global Payments Inc. (GPN): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of ABM Industries IncorporatedABM have lost 11.2% against the industry 's gain of 3% on a year-to-date basis. Moreover, ABM Industries' dependence on inorganic growth is a concern. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Fidelity National Information Services, Inc. (FIS): Free Stock Analysis Report Fiserv, Inc. (FISV): Free Stock Analysis Report Global Payments Inc. (GPN): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of ABM Industries IncorporatedABM have lost 11.2% against the industry 's gain of 3% on a year-to-date basis. Moreover, ABM Industries' dependence on inorganic growth is a concern. | Shares of ABM Industries IncorporatedABM have lost 11.2% against the industry 's gain of 3% on a year-to-date basis. Moreover, ABM Industries' dependence on inorganic growth is a concern. The downward estimate revisions along with a Zacks Rank #4 (Sell) reflect pessimism over prospects of ABM Industries. |
29460.0 | 2018-04-03 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for April 04, 2018 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-april-04-2018-2018-04-03 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on April 04, 2018. A cash dividend payment of $0.175 per share is scheduled to be paid on May 07, 2018. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2.94% increase over prior dividend payment. At the current stock price of $32.81, the dividend yield is 2.13%.
The previous trading day's last sale of ABM was $32.81, representing a -27.28% decrease from the 52 week high of $45.12 and a 1.42% increase over the 52 week low of $32.35.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). ABM's current earnings per share, an indicator of a company's profitability, is $1.49. Zacks Investment Research reports ABM's forecasted earnings growth in 2018 as 10.29%, compared to an industry average of 8.9%.
For more information on the declaration, record and payment dates, visit the ABM Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABM through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABM as a top-10 holding:
VanEck Vectors Environmental Services ETF ( EVX ).
The top-performing ETF of this group is EVX with an decrease of -4.4% over the last 100 days. It also has the highest percent weighting of ABM at 0.02%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). Zacks Investment Research reports ABM's forecasted earnings growth in 2018 as 10.29%, compared to an industry average of 8.9%. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | 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 ) will begin trading ex-dividend on April 04, 2018. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on April 04, 2018. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. ABM's current earnings per share, an indicator of a company's profitability, is $1.49. ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on April 04, 2018. |
29461.0 | 2018-04-02 00:00:00 UTC | Ex-Dividend Reminder: Cisco Systems, ABM Industries and Toro | ABM | https://www.nasdaq.com/articles/ex-dividend-reminder-cisco-systems-abm-industries-and-toro-2018-04-02 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 4/4/18, Cisco Systems Inc (Symbol: CSCO), ABM Industries, Inc. (Symbol: ABM), and Toro Company (Symbol: TTC) will all trade ex-dividend for their respective upcoming dividends. Cisco Systems Inc will pay its quarterly dividend of $0.33 on 4/25/18, ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 5/7/18, and Toro Company will pay its quarterly dividend of $0.20 on 4/18/18. As a percentage of CSCO's recent stock price of $42.55, this dividend works out to approximately 0.78%, so look for shares of Cisco Systems Inc to trade 0.78% lower - all else being equal - when CSCO shares open for trading on 4/4/18. Similarly, investors should look for ABM to open 0.52% lower in price and for TTC to open 0.32% lower, all else being equal.
Below are dividend history charts for CSCO, ABM, and TTC, showing historical dividends prior to the most recent ones declared.
Cisco Systems Inc (Symbol: CSCO) :
ABM Industries, Inc. (Symbol: ABM) :
Toro Company (Symbol: TTC) :
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 3.10% for Cisco Systems Inc, 2.10% for ABM Industries, Inc., and 1.29% for Toro Company .
In Monday trading, Cisco Systems Inc shares are currently off about 0.8%, ABM Industries, Inc. shares are off about 0.2%, and Toro Company shares are down about 0.7% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 3.10% for Cisco Systems Inc, 2.10% for ABM Industries, Inc., and 1.29% for Toro Company . Looking at the universe of stocks we cover at Dividend Channel , on 4/4/18, Cisco Systems Inc (Symbol: CSCO), ABM Industries, Inc. (Symbol: ABM), and Toro Company (Symbol: TTC) will all trade ex-dividend for their respective upcoming dividends. Cisco Systems Inc will pay its quarterly dividend of $0.33 on 4/25/18, ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 5/7/18, and Toro Company will pay its quarterly dividend of $0.20 on 4/18/18. | Looking at the universe of stocks we cover at Dividend Channel , on 4/4/18, Cisco Systems Inc (Symbol: CSCO), ABM Industries, Inc. (Symbol: ABM), and Toro Company (Symbol: TTC) will all trade ex-dividend for their respective upcoming dividends. Cisco Systems Inc will pay its quarterly dividend of $0.33 on 4/25/18, ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 5/7/18, and Toro Company will pay its quarterly dividend of $0.20 on 4/18/18. Cisco Systems Inc (Symbol: CSCO) : ABM Industries, Inc. (Symbol: ABM) : Toro Company (Symbol: TTC) : 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 4/4/18, Cisco Systems Inc (Symbol: CSCO), ABM Industries, Inc. (Symbol: ABM), and Toro Company (Symbol: TTC) will all trade ex-dividend for their respective upcoming dividends. Cisco Systems Inc will pay its quarterly dividend of $0.33 on 4/25/18, ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 5/7/18, and Toro Company will pay its quarterly dividend of $0.20 on 4/18/18. Cisco Systems Inc (Symbol: CSCO) : ABM Industries, Inc. (Symbol: ABM) : Toro Company (Symbol: TTC) : 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 4/4/18, Cisco Systems Inc (Symbol: CSCO), ABM Industries, Inc. (Symbol: ABM), and Toro Company (Symbol: TTC) will all trade ex-dividend for their respective upcoming dividends. If they do continue, the current estimated yields on annualized basis would be 3.10% for Cisco Systems Inc, 2.10% for ABM Industries, Inc., and 1.29% for Toro Company . Cisco Systems Inc will pay its quarterly dividend of $0.33 on 4/25/18, ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 5/7/18, and Toro Company will pay its quarterly dividend of $0.20 on 4/18/18. |
29462.0 | 2018-03-29 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-2018-03-29 | 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.
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:
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.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets. 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: Another consideration with dividend growth stocks is just how much the dividend is growing . Get the latest Zacks research report on SKT - FREE Get the latest Zacks research report on BKH - FREE 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. | The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented. 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. Get the latest Zacks research report on SKT - FREE Get the latest Zacks research report on BKH - FREE 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. | 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. 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: Another consideration with dividend growth stocks is just how much the dividend is growing . | 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. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented. Get the latest Zacks research report on SKT - FREE Get the latest Zacks research report on BKH - FREE 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. |
29463.0 | 2018-03-20 00:00:00 UTC | New Strong Sell Stocks for March 20th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-march-20th-2018-03-20 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries IncorporatedABM is an integrated facility solutions provider. The Zacks Consensus Estimate for its current year earnings has been revised 8.1% downward over the last 30 days.
California Resources CorporationCRC is an oil and natural gas exploration and production company. The Zacks Consensus Estimate for its current year earnings has been revised more than 100% downward over the last 30 days.
Convergys CorporationCVG is a customer management services provider. The Zacks Consensus Estimate for its current year earnings has been revised 8.2% downward over the last 30 days.
Golden Entertainment, Inc.GDEN is focused on distribution of gaming, and casino and resort operations. The Zacks Consensus Estimate for its current year earnings has been revised 11.6% downward over the last 30 days.
Huron Consulting Group Inc.HURN is a professional services firm. The Zacks Consensus Estimate for its current year earnings has been revised 8.2% downward over the last 30 days.
View the entire Zacks Rank #5 List .
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Golden Entertainment, Inc. (GDEN): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
California Resources Corporation (CRC): Free Stock Analysis Report
Huron Consulting Group Inc. (HURN): Free Stock Analysis Report
Convergys Corporation (CVG): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is an integrated facility solutions provider. Click to get this free report Golden Entertainment, Inc. (GDEN): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report California Resources Corporation (CRC): Free Stock Analysis Report Huron Consulting Group Inc. (HURN): Free Stock Analysis Report Convergys Corporation (CVG): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 8.1% downward over the last 30 days. | Click to get this free report Golden Entertainment, Inc. (GDEN): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report California Resources Corporation (CRC): Free Stock Analysis Report Huron Consulting Group Inc. (HURN): Free Stock Analysis Report Convergys Corporation (CVG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is an integrated facility solutions provider. The Zacks Consensus Estimate for its current year earnings has been revised 8.1% downward over the last 30 days. | Click to get this free report Golden Entertainment, Inc. (GDEN): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report California Resources Corporation (CRC): Free Stock Analysis Report Huron Consulting Group Inc. (HURN): Free Stock Analysis Report Convergys Corporation (CVG): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is an integrated facility solutions provider. The Zacks Consensus Estimate for its current year earnings has been revised 8.1% downward over the last 30 days. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is an integrated facility solutions provider. Click to get this free report Golden Entertainment, Inc. (GDEN): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report California Resources Corporation (CRC): Free Stock Analysis Report Huron Consulting Group Inc. (HURN): Free Stock Analysis Report Convergys Corporation (CVG): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List . |
29464.0 | 2018-03-07 00:00:00 UTC | ABM Industries (ABM) Misses on Q1 Earnings, Raises Guidance | ABM | https://www.nasdaq.com/articles/abm-industries-abm-misses-on-q1-earnings-raises-guidance-2018-03-07 | nan | nan | Business services provider ABM Industries IncorporatedABM recorded first-quarter fiscal 2018 (ended Jan 31, 20178) net income from continuing operations of $28 million or 42 cents per share compared with $16.1 million or 28 cents per share in the year-earlier quarter. The year-over-year increase was primarily attributable to income tax benefit.
Adjusted earnings (from continuing operations) for the reported quarter were $17.4 million or 26 cents per share compared with $21.5 million or 38 cents per share in the year-ago quarter. The year-over-year decrease in adjusted earnings was largely due to interest expenses, amortization and higher share count. Adjusted earnings for the quarter missed the Zacks Consensus Estimate by 2 cents.
Top-Line Improvement
Revenues for the reported quarter increased 19.7% year over year to $1,588.3 million, largely driven by organic and inorganic growth. Organic growth improved 3% year over year while acquisitions contributed $253.9 million of incremental revenues during the quarter related to the GCA Services buyout. Organic growth in the Aviation segment was driven by higher passenger services, cabin cleaning, parking, catering and transportation services for new and existing customers. Organic growth in the Business & Industry segment was led by higher janitorial and facility services revenues. Quarterly revenues exceeded the Zacks Consensus Estimate of $1,572 million.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote
Operating profit declined to $19.5 million from $23.8 million in the year-ago period, owing to higher operating expenses. Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) for the reported quarter increased to $65.1 million from $48.1 million in the year-earlier quarter for respective margins of 4.1% and 3.6% owing to the newly-acquired GCA business, revenue contribution and higher procurement savings.
Financial Position
Cash and cash equivalents at quarter end were $68.6 million while total debt was $1.3 billion. Net cash from operating activities was $33.7 million compared with cash utilization of $11.1 million in the year-ago period.
Guidance Raised
ABM raised its guidance for fiscal 2018 due to the favorable impact of the U.S. Tax Cuts and Jobs Act. GAAP income from continuing operations is expected to be within $1.88 to $1.98 per share compared with earlier range of $1.33-$1.43. Adjusted income from continuing operations is anticipated to be in the range of $2.00 to $2.10, up from $1.70 to $1.80 per share expected earlier.
Going Forward
ABM's comprehensive, strategic and transformation initiative is focused on driving sustainable profitability by effectively allocating resources to higher margin services and business verticals with a strong competitive edge. We expect this to fuel the company's growth momentum in the coming quarters.
ABM has a Zacks Rank #2 (Buy). Other stocks worth considering in the industry include CBIZ, Inc. CBZ , Exponent, Inc. EXPO and ServiceMaster Global Holdings, Inc. SERV , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
CBIZ has beaten earnings estimates thrice in the trailing four quarters with a positive surprise of 75.1%.
Exponent has topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 12.4%.
ServiceMaster Global topped estimates twice in the trailing four quarters with an average positive earnings surprise of 3%.
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ABM Industries Incorporated (ABM): Free Stock Analysis Report
ServiceMaster Global Holdings, Inc. (SERV): Free Stock Analysis Report
CBIZ, Inc. (CBZ): Free Stock Analysis Report
Exponent, Inc. (EXPO): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Going Forward ABM's comprehensive, strategic and transformation initiative is focused on driving sustainable profitability by effectively allocating resources to higher margin services and business verticals with a strong competitive edge. Business services provider ABM Industries IncorporatedABM recorded first-quarter fiscal 2018 (ended Jan 31, 20178) net income from continuing operations of $28 million or 42 cents per share compared with $16.1 million or 28 cents per share in the year-earlier quarter. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Operating profit declined to $19.5 million from $23.8 million in the year-ago period, owing to higher operating expenses. | Business services provider ABM Industries IncorporatedABM recorded first-quarter fiscal 2018 (ended Jan 31, 20178) net income from continuing operations of $28 million or 42 cents per share compared with $16.1 million or 28 cents per share in the year-earlier quarter. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Operating profit declined to $19.5 million from $23.8 million in the year-ago period, owing to higher operating expenses. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report ServiceMaster Global Holdings, Inc. (SERV): Free Stock Analysis Report CBIZ, Inc. (CBZ): Free Stock Analysis Report Exponent, Inc. (EXPO): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Operating profit declined to $19.5 million from $23.8 million in the year-ago period, owing to higher operating expenses. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report ServiceMaster Global Holdings, Inc. (SERV): Free Stock Analysis Report CBIZ, Inc. (CBZ): Free Stock Analysis Report Exponent, Inc. (EXPO): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries IncorporatedABM recorded first-quarter fiscal 2018 (ended Jan 31, 20178) net income from continuing operations of $28 million or 42 cents per share compared with $16.1 million or 28 cents per share in the year-earlier quarter. | Business services provider ABM Industries IncorporatedABM recorded first-quarter fiscal 2018 (ended Jan 31, 20178) net income from continuing operations of $28 million or 42 cents per share compared with $16.1 million or 28 cents per share in the year-earlier quarter. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Operating profit declined to $19.5 million from $23.8 million in the year-ago period, owing to higher operating expenses. Guidance Raised ABM raised its guidance for fiscal 2018 due to the favorable impact of the U.S. Tax Cuts and Jobs Act. |
29465.0 | 2018-03-07 00:00:00 UTC | 3 Stocks to Watch on Wednesday: ABM Industries, Inc. (ABM), Guidewire Software Inc (GWRE) and Korn/Ferry International (KFY) | ABM | https://www.nasdaq.com/articles/3-stocks-watch-wednesday-abm-industries-inc-abm-guidewire-software-inc-gwre-and-kornferry | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It was a strong day for U.S. equities as nine of 11 sectors finished in the green, with materials posting a 1.1% surge as the day's top dogs. The S&P 500 Index gained 0.3%, the Dow Jones Industrial Average edged a fraction higher and the Nasdaq Composite posted a 0.6% gain by day's end.
Ahead of Wednesday's action, several companies reported their quarterly earnings data late Tuesday, including ABM Industries, Inc. (NYSE: ABM ), Guidewire Software Inc (NYSE: GWRE ) and Korn/Ferry International (NYSE: KFY ).
Here's how they did:
ABM Industries, Inc. (ABM)
ABM Industries reported on its first quarter of fiscal 2018 Tuesday.
For the period, the company's income from continuing operations per diluted share grew 50% thanks in part to a one-time tax benefit linked to the changes in the U.S. tax code. Net income surged to $27.8 million, topping the year-ago loss of $56.8 million.
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On an adjusted basis, ABM Industries' earnings came in at $65.1 million, or a margin rate of 4.1%, topping its year-ago adjusted EBITDA of $48.1 million, or a margin rate of 3.6%. Organic revenue grew by 3% thanks in part to business expansions in the company's Business & Industry and Aviation segments.
The integrated facility solutions provider's broad-based total revenue growth came in at 19.7%, thanks in part to acquisitive revenue within the Education and Technology & Manufacturing segments.
ABM shares fell 2% after the bell Tuesday.
Guidewire Software Inc (GWRE)
Guidewire Software had strong quarterly results that saw its shares rise late in the day.
The software products for property and casualty insurers provider reported a loss of $45.6 million during its fiscal second-quarter of 2018, below the profit it posted in the same period a year ago. This amounted to a loss of 59 cents per share.
On an adjusted basis, the company's earnings came in at 33 cents per share, beating the Wall Street consensus estimate of 19 cents per share, according to data compiled by Zacks Investment Research .
Guidewire Software reported revenue of $163.8 million for the period, also topping analysts' expectations of $154.3 million, according to Zacks. For its current quarter, the company sees revenue in the range of $135 million to $139 million, below the Wall Street guidance of $146.9 million, per Zacks.
For its fiscal year, the company sees earnings in the range of 98 cents to $1.04 per share, while revenue is slated to be between $644 million and $650 million.
GWRE stock gained 2.1% after hours Tuesday.
Korn/Ferry International (KFY)
Korn/Ferry International topped analysts' guidance in its latest quarterly results .
For its third quarter, the people and organizational advisory company unveiled net income of $27.2 million, or 48 cents per share. On an adjusted basis, the company brought in earnings of 70 cents per share.
Analysts were calling for adjusted earnings of 59 cents per share for Korn/Ferry International, according to estimates of four analysts surveyed by Zacks. Revenue came in at $460.8 million for the period.
On an adjusted basis, the company raked in revenue of $447.6 million, beating the $416.5 million that analysts polled by Zacks were expecting by $31.1 million.
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Korn/Ferry International forecasts its fourth-quarter fee revenue to be in the range of $448 million and $462 million, while diluted earnings per share for the period are slated to be between 66 cents and 70 cents.
KFY stock was trading flat after Tuesday's market close.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
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The post 3 Stocks to Watch on Wednesday: ABM Industries, Inc. (ABM), Guidewire Software Inc (GWRE) and Korn/Ferry International (KFY) 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | More From InvestorPlace 7 Great REITs to Own in Good Times and Bad 8 Companies That Could Disappear by 2019 10 Dividend Stocks to Buy With Low Yields, But Big Dividend Growth Compare Brokers The post 3 Stocks to Watch on Wednesday: ABM Industries, Inc. (ABM), Guidewire Software Inc (GWRE) and Korn/Ferry International (KFY) appeared first on InvestorPlace . Ahead of Wednesday's action, several companies reported their quarterly earnings data late Tuesday, including ABM Industries, Inc. (NYSE: ABM ), Guidewire Software Inc (NYSE: GWRE ) and Korn/Ferry International (NYSE: KFY ). Here's how they did: ABM Industries, Inc. (ABM) ABM Industries reported on its first quarter of fiscal 2018 Tuesday. | Ahead of Wednesday's action, several companies reported their quarterly earnings data late Tuesday, including ABM Industries, Inc. (NYSE: ABM ), Guidewire Software Inc (NYSE: GWRE ) and Korn/Ferry International (NYSE: KFY ). 5 Top Warren Buffett Stock Picks On an adjusted basis, ABM Industries' earnings came in at $65.1 million, or a margin rate of 4.1%, topping its year-ago adjusted EBITDA of $48.1 million, or a margin rate of 3.6%. More From InvestorPlace 7 Great REITs to Own in Good Times and Bad 8 Companies That Could Disappear by 2019 10 Dividend Stocks to Buy With Low Yields, But Big Dividend Growth Compare Brokers The post 3 Stocks to Watch on Wednesday: ABM Industries, Inc. (ABM), Guidewire Software Inc (GWRE) and Korn/Ferry International (KFY) appeared first on InvestorPlace . | 5 Top Warren Buffett Stock Picks On an adjusted basis, ABM Industries' earnings came in at $65.1 million, or a margin rate of 4.1%, topping its year-ago adjusted EBITDA of $48.1 million, or a margin rate of 3.6%. Ahead of Wednesday's action, several companies reported their quarterly earnings data late Tuesday, including ABM Industries, Inc. (NYSE: ABM ), Guidewire Software Inc (NYSE: GWRE ) and Korn/Ferry International (NYSE: KFY ). Here's how they did: ABM Industries, Inc. (ABM) ABM Industries reported on its first quarter of fiscal 2018 Tuesday. | Ahead of Wednesday's action, several companies reported their quarterly earnings data late Tuesday, including ABM Industries, Inc. (NYSE: ABM ), Guidewire Software Inc (NYSE: GWRE ) and Korn/Ferry International (NYSE: KFY ). Here's how they did: ABM Industries, Inc. (ABM) ABM Industries reported on its first quarter of fiscal 2018 Tuesday. 5 Top Warren Buffett Stock Picks On an adjusted basis, ABM Industries' earnings came in at $65.1 million, or a margin rate of 4.1%, topping its year-ago adjusted EBITDA of $48.1 million, or a margin rate of 3.6%. |
29466.0 | 2018-03-06 00:00:00 UTC | Earnings Reaction History: ABM Industries Inc., 100.0% Follow-Through Indicator, 5.6% Sensitive | ABM | https://www.nasdaq.com/articles/earnings-reaction-history-abm-industries-inc-1000-follow-through-indicator-56-sensitive | nan | nan | Expected Earnings Release: 03/06/2018, After-hours
Avg. Extended-Hours Dollar Volume: $968,144
ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 100%
Average next regular session additional gain: 2.6%
Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 100%
Average next regular session additional loss: 5%
Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $968,144 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $968,144 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 5% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (2 events) the stock dropped further, adding to the extended-hours losses by an average of 5.0% by the following regular session close. Extended-Hours Dollar Volume: $968,144 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Extended-Hours Dollar Volume: $968,144 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. |
29467.0 | 2018-03-06 00:00:00 UTC | After-Hours Earnings Report for March 6, 2018 : ROST, ADSK, GWRE, HRB, URBN, KFY, ABM, SPPI, EDIT, ZGNX, RAVN, AVAV | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-march-6-2018-rost-adsk-gwre-hrb-urbn-kfy-abm-sppi-edit-zgnx | nan | nan | The following companies are expected to report earnings after hours on 03/06/2018. Visit our Earnings Calendar for a full list of expected earnings releases.
Ross Stores, Inc. ( ROST ) is reporting for the quarter ending January 31, 2018. The discount retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.93. This value represents a 20.78% increase compared to the same quarter last year. In the past year ROST has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.46%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ROST is 23.70 vs. an industry ratio of 17.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Autodesk, Inc. ( ADSK ) is reporting for the quarter ending January 31, 2018. The computer software company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.33. This value represents a 41.07% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ADSK is -87.40 vs. an industry ratio of 38.30.
Guidewire Software, Inc. ( GWRE ) is reporting for the quarter ending January 31, 2018. The business software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.00. This value represents a 100.00% 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 64.52%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for GWRE is 1698.80 vs. an industry ratio of 143.70, implying that they will have a higher earnings growth than their competitors in the same industry.
H&R Block, Inc. ( HRB ) is reporting for the quarter ending January 31, 2018. The business services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-1.33. This value represents a 171.43% decrease compared to the same quarter last year. In the past year HRB has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 2.74%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for HRB is 9.74 vs. an industry ratio of 29.10.
Urban Outfitters, Inc. ( URBN ) is reporting for the quarter ending January 31, 2018. The retail (shoe) company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.63. This value represents a 14.55% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for URBN is 22.93 vs. an industry ratio of 19.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Korn/Ferry International ( KFY ) is reporting for the quarter ending January 31, 2018. The staffing company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.59. This value represents a 11.32% increase compared to the same quarter last year. In the past year KFY has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for KFY is 17.05 vs. an industry ratio of 14.20, 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 January 31, 2018. The building maintenance & services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.28. This value represents a 26.32% decrease compared to the same quarter last year. The last two quarters ABM had negative earnings surprises; the latest report they missed by -19.57%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 16.67 vs. an industry ratio of 28.20.
Spectrum Pharmaceuticals, Inc. ( SPPI ) is reporting for the quarter ending December 31, 2017. The drug company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.25. This value represents a 13.64% decrease compared to the same quarter last year. In the past year SPPI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 4.35%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2017 Price to Earnings ratio for SPPI is -19.64 vs. an industry ratio of -7.90.
Editas Medicine, Inc. ( EDIT ) is reporting for the quarter ending December 31, 2017. The biomedical (gene) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.79. This value represents a 28.18% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for EDIT is -13.18 vs. an industry ratio of -8.70.
Zogenix, Inc. ( ZGNX ) is reporting for the quarter ending December 31, 2017. The drug company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-1.12. This value represents a 53.42% decrease compared to the same quarter last year. The last two quarters ZGNX had negative earnings surprises; the latest report they missed by -16.84%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ZGNX is -9.56 vs. an industry ratio of -7.90.
Raven Industries, Inc. ( RAVN ) is reporting for the quarter ending January 31, 2018. The diversified operations company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.31. This value represents a 158.33% increase compared to the same quarter last year. In the past year RAVN has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for RAVN is 29.25 vs. an industry ratio of 18.20, implying that they will have a higher earnings growth than their competitors in the same industry.
AeroVironment, Inc. ( AVAV ) is reporting for the quarter ending January 31, 2018. The aerospace and defense company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.09. This value represents a 200.00% increase compared to the same quarter last year. In the past year AVAV has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 514.29%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AVAV is 71.63 vs. an industry ratio of 24.80, 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.
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, 2018. The last two quarters ABM had negative earnings surprises; the latest report they missed by -19.57%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 16.67 vs. an industry ratio of 28.20. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2018. The last two quarters ABM had negative earnings surprises; the latest report they missed by -19.57%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 16.67 vs. an industry ratio of 28.20. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2018. The last two quarters ABM had negative earnings surprises; the latest report they missed by -19.57%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 16.67 vs. an industry ratio of 28.20. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2018. The last two quarters ABM had negative earnings surprises; the latest report they missed by -19.57%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABM is 16.67 vs. an industry ratio of 28.20. |
29468.0 | 2018-02-23 00:00:00 UTC | Zacks.com featured highlights include: Alarm.com, Insight, ABM, Turtle Beach and Duluth | ABM | https://www.nasdaq.com/articles/zacks.com-featured-highlights-include%3A-alarm.com-insight-abm-turtle-beach-and-duluth-2018 | nan | nan | For Immediate Release
Chicago, IL - February 23, 2018 - Stocks in this week's article Alarm.com Holdings Inc. ALRM , Insight Enterprises, Inc. NSIT , ABM Industries Inc. ABM, Turtle Beach Corporation HEAR and Duluth Holdings Inc. DLTH .
5 Top-Ranked Stocks to Cash In on Rising P/E Investing
Generally, investors love stocks with a low price-to-earnings (P/E) ratio. The idea is that the lower the P/E, the higher will be the value of the stock. The simple logic that a stock's current market price does not validate (is not equivalent to) its higher earnings and therefore has room to run, which justifies investors' inclination toward low P/E stocks.
But stocks with a rising P/E are also worth a bet. We'll tell you why.
Why Rising P/E a Valuable Tool?
Investors should note that stock price moves in tandem with earnings performance. If earnings come in stronger, the price of a stock shoots up. Solid quarterly earnings and the guidance boost earnings forecasts, leading to stronger demand for the stock and a rise in price.
So, if the price is rising steadily, it means that investors are assured of the stock's fundamental strength and expect some strong positives out of it. Suppose an investor wants to buy a stock with a P/E ratio of 30, it means that he is willing to shell out $30 for only $1 worth of earnings. This is because the investor expects earnings of the company to rise at a faster pace in the future on the back of strong fundamentals.
Also, studies have revealed that stocks have seen their P/E ratios jump more than 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/293287/5-topranked-stocks-to-cash-in-on-rising-pe-investing
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.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: www.Zacks.com
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Turtle Beach Corporation (HEAR): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report
Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report
Duluth Holdings Inc. (DLTH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 - February 23, 2018 - Stocks in this week's article Alarm.com Holdings Inc. ALRM , Insight Enterprises, Inc. NSIT , ABM Industries Inc. ABM, Turtle Beach Corporation HEAR and Duluth Holdings Inc. DLTH . Click to get this free report Turtle Beach Corporation (HEAR): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Duluth Holdings Inc. (DLTH): Free Stock Analysis Report To read this article on Zacks.com click here. So, if the price is rising steadily, it means that investors are assured of the stock's fundamental strength and expect some strong positives out of it. | For Immediate Release Chicago, IL - February 23, 2018 - Stocks in this week's article Alarm.com Holdings Inc. ALRM , Insight Enterprises, Inc. NSIT , ABM Industries Inc. ABM, Turtle Beach Corporation HEAR and Duluth Holdings Inc. DLTH . Click to get this free report Turtle Beach Corporation (HEAR): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Duluth Holdings Inc. (DLTH): Free Stock Analysis Report To read this article on Zacks.com click here. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/293287/5-topranked-stocks-to-cash-in-on-rising-pe-investing 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. | Click to get this free report Turtle Beach Corporation (HEAR): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Duluth Holdings Inc. (DLTH): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - February 23, 2018 - Stocks in this week's article Alarm.com Holdings Inc. ALRM , Insight Enterprises, Inc. NSIT , ABM Industries Inc. ABM, Turtle Beach Corporation HEAR and Duluth Holdings Inc. DLTH . 5 Top-Ranked Stocks to Cash In on Rising P/E Investing Generally, investors love stocks with a low price-to-earnings (P/E) ratio. | For Immediate Release Chicago, IL - February 23, 2018 - Stocks in this week's article Alarm.com Holdings Inc. ALRM , Insight Enterprises, Inc. NSIT , ABM Industries Inc. ABM, Turtle Beach Corporation HEAR and Duluth Holdings Inc. DLTH . Click to get this free report Turtle Beach Corporation (HEAR): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Duluth Holdings Inc. (DLTH): Free Stock Analysis Report To read this article on Zacks.com click here. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/293287/5-topranked-stocks-to-cash-in-on-rising-pe-investing 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. |
29469.0 | 2018-02-22 00:00:00 UTC | 5 Top-Ranked Stocks to Cash in on Rising P/E Investing | ABM | https://www.nasdaq.com/articles/5-top-ranked-stocks-to-cash-in-on-rising-p-e-investing-2018-02-22 | nan | nan | Generally, investors love stocks with a low price-to-earnings (P/E) ratio. The idea is that the lower the P/E, the higher will be the value of the stock. The simple logic that a stock's current market price does not validate (is not equivalent to) its higher earnings and therefore has room to run, which justifies investors' inclination toward low P/E stocks.
But stocks with a rising P/E are also worth a bet. We'll tell you why.
Why Rising P/E a Valuable Tool?
Investors should note that stock price moves in tandem with earnings performance. If earnings come in stronger, the price of a stock shoots up. Solid quarterly earnings and the guidance boost earnings forecasts, leading to stronger demand for the stock and a rise in price.
So, if the price is rising steadily, it means that investors are assured of the stock's fundamental strength and expect some strong positives out of it. Suppose an investor wants to buy a stock with a P/E ratio of 30, it means that he is willing to shell out $30 for only $1 worth of earnings. This is because the investor expects earnings of the company to rise at a faster pace in the future on the back of strong fundamentals.
Also, studies have revealed that stocks have seen their P/E ratios jump more than 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains.
The Winning Strategy
In order to shortlist stocks that are exhibiting an increasing P/E, we chose the following as our primary screening parameters.
EPS growth estimate for the current year is greater than or equal to last year's actual growth
Percentage change in last year EPS should be greater than or equal to the previous year
(These two criteria point to a positive or flat earnings growth trend over the years).
Percentage change in price over four weeks greater than percentage change in price over 12 weeks
Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks
(These two criteria show that price of the stock is increasing consistently over the said timeframes).
Percentage price change for four weeks relative to the S&P 500 greater than percentage price change for 12 weeks relative to the S&P 500
Percentage price change for 12 weeks relative to the S&P 500 greater than percentage price change for 24 weeks relative to the S&P 500
(Here the case for consistent price gains gets even stronger as it displays percentage price changes relative to the S&P 500).
Percentage price change for 12 weeks is 20% higher than or equal to percentage price change for 24 weeks, but it should not exceed 100%
(This criterion indicates that a 20% increase in the price of a stock from the breakout point gives cues of an impending uptrend. But a jump of over 100% indicates that there is limited scope for further upside and the stock might be due for a reversal).
In addition, we place a few other criteria that lead us to some likely outperformers.
Zacks Rank less than or equal to 2: Only companies with a Strong Buy or Buy rating can get through.
Average 20-day Volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity.
Just these few criteria narrowed down the universe from over 7,700 stocks to just 10.
Here are five out of the 10 stocks:
Alarm.com Holdings Inc.ALRM offers interactive security solutions for home and business owners. It has a Zacks Rank #2 (Buy).
Insight Enterprises, Inc.NSIT is a global direct marketer of brand name computers, hardware and software, with a Zacks Rank #2.
ABM Industries IncorporatedABM is a leading provider of facility solutions, with a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Turtle Beach CorporationHEAR) is an audio technology company. The stock has a Zacks Rank #2.
Duluth Holdings Inc.DLTH is a Zacks Rank #2 company providing casual wear, workwear and accessories for men and women.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance .
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ABM Industries Incorporated (ABM): Free Stock Analysis Report
Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report
Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report
Duluth Holdings Inc. (DLTH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries IncorporatedABM is a leading provider of facility solutions, with a Zacks Rank #1 (Strong Buy). Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Duluth Holdings Inc. (DLTH): Free Stock Analysis Report To read this article on Zacks.com click here. So, if the price is rising steadily, it means that investors are assured of the stock's fundamental strength and expect some strong positives out of it. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Duluth Holdings Inc. (DLTH): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM is a leading provider of facility solutions, with a Zacks Rank #1 (Strong Buy). EPS growth estimate for the current year is greater than or equal to last year's actual growth Percentage change in last year EPS should be greater than or equal to the previous year (These two criteria point to a positive or flat earnings growth trend over the years). | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Duluth Holdings Inc. (DLTH): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM is a leading provider of facility solutions, with a Zacks Rank #1 (Strong Buy). Percentage change in price over four weeks greater than percentage change in price over 12 weeks Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks (These two criteria show that price of the stock is increasing consistently over the said timeframes). | ABM Industries IncorporatedABM is a leading provider of facility solutions, with a Zacks Rank #1 (Strong Buy). Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report Duluth Holdings Inc. (DLTH): Free Stock Analysis Report To read this article on Zacks.com click here. Suppose an investor wants to buy a stock with a P/E ratio of 30, it means that he is willing to shell out $30 for only $1 worth of earnings. |
29470.0 | 2018-02-08 00:00:00 UTC | Zacks.com featured highlights include: ESSA, Alarm.com, Trade Desk, ABM and Sunrun | ABM | https://www.nasdaq.com/articles/zacks.com-featured-highlights-include%3A-essa-alarm.com-trade-desk-abm-and-sunrun-2018-02-08 | nan | nan | For Immediate Release
Chicago, IL - February 8, 2018 - Stocks in this week's article ESSA Pharma Inc.EPIX , Alarm.com Holdings Inc.ALRM , The Trade Desk Inc.TTD , ABM Industries IncorporatedABM and Sunrun Inc.RUN .
What Bargain Hunting? Bet on These Stocks with Rising P/E
Betting on bargain stocks that have a low price-to-earnings (P/E) ratio is an all-time favorite investing strategy. The perception is that the lower the P/E, the higher is the value of the stock. This conclusion is drawn on the simple logic that a stock's current market price does not justify its higher earnings and therefore leaves room for upside.
But there is more to this whole P/E story. Because not only low P/E, stocks with a rising P/E can also fetch strong returns.
Rising P/E: An Useful Tool
I nvestors should note that stock prices move in tandem with earnings performance. If earnings come in stronger, the price of a stock shoots up. Solid quarterly earnings and the forward guidance boost forecasts for future earnings, leading to stronger demand for the stock and an uptrend in its price.
So, if the price is rising steadily, it means that investors are assured of the stock's fundamental strength and expect some strong positives out of it. Suppose an investor wants to buy a stock with a P/E ratio of 30, it means that he is willing to shell out $30 for only $1 worth of earnings. This is because the investor expects earnings of the company to rise at a faster pace in the future on the back of strong fundamentals.
Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/291619/what-bargain-hunting-bet-on-6-stocks-with-rising-pe
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.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
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The Trade Desk Inc. (TTD): Free Stock Analysis Report
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Sunrun Inc. (RUN): Free Stock Analysis Report
ESSA Pharma Inc. (EPIX): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 - February 8, 2018 - Stocks in this week's article ESSA Pharma Inc.EPIX , Alarm.com Holdings Inc.ALRM , The Trade Desk Inc.TTD , ABM Industries IncorporatedABM and Sunrun Inc.RUN . Click to get this free report The Trade Desk Inc. (TTD): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report ESSA Pharma Inc. (EPIX): Free Stock Analysis Report To read this article on Zacks.com click here. This conclusion is drawn on the simple logic that a stock's current market price does not justify its higher earnings and therefore leaves room for upside. | For Immediate Release Chicago, IL - February 8, 2018 - Stocks in this week's article ESSA Pharma Inc.EPIX , Alarm.com Holdings Inc.ALRM , The Trade Desk Inc.TTD , ABM Industries IncorporatedABM and Sunrun Inc.RUN . Click to get this free report The Trade Desk Inc. (TTD): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report ESSA Pharma Inc. (EPIX): Free Stock Analysis Report To read this article on Zacks.com click here. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/291619/what-bargain-hunting-bet-on-6-stocks-with-rising-pe 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. | Click to get this free report The Trade Desk Inc. (TTD): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report ESSA Pharma Inc. (EPIX): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - February 8, 2018 - Stocks in this week's article ESSA Pharma Inc.EPIX , Alarm.com Holdings Inc.ALRM , The Trade Desk Inc.TTD , ABM Industries IncorporatedABM and Sunrun Inc.RUN . Bet on These Stocks with Rising P/E Betting on bargain stocks that have a low price-to-earnings (P/E) ratio is an all-time favorite investing strategy. | For Immediate Release Chicago, IL - February 8, 2018 - Stocks in this week's article ESSA Pharma Inc.EPIX , Alarm.com Holdings Inc.ALRM , The Trade Desk Inc.TTD , ABM Industries IncorporatedABM and Sunrun Inc.RUN . Click to get this free report The Trade Desk Inc. (TTD): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report ESSA Pharma Inc. (EPIX): Free Stock Analysis Report To read this article on Zacks.com click here. Because not only low P/E, stocks with a rising P/E can also fetch strong returns. |
29471.0 | 2018-02-07 00:00:00 UTC | What Bargain Hunting? Bet on 6 Stocks With Rising P/E | ABM | https://www.nasdaq.com/articles/what-bargain-hunting-bet-on-6-stocks-with-rising-p-e-2018-02-07 | nan | nan | Betting on bargain stocks that have a low price-to-earnings (P/E) ratio is an all-time favorite investing strategy. The perception is that the lower the P/E, the higher is the value of the stock. This conclusion is drawn on the simple logic that a stock's current market price does not justify its higher earnings and therefore leaves room for upside.
But there is more to this whole P/E story. Because not only low P/E, stocks with a rising P/E can also fetch strong returns.
Rising P/E: An Useful Tool
I nvestors should note that stock prices move in tandem with earnings performance. If earnings come in stronger, the price of a stock shoots up. Solid quarterly earnings and the forward guidance boost forecasts for future earnings, leading to stronger demand for the stock and an uptrend in its price.
So, if the price is rising steadily, it means that investors are assured of the stock's fundamental strength and expect some strong positives out of it. Suppose an investor wants to buy a stock with a P/E ratio of 30, it means that he is willing to shell out $30 for only $1 worth of earnings. This is because the investor expects earnings of the company to rise at a faster pace in the future on the back of strong fundamentals.
Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains.
The Winning Strategy
In order to shortlist stocks that are exhibiting an increasing P/E, we chose the following as our primary screening parameters.
EPS growth estimate for the current year is greater than or equal to last year's actual growth
Percentage change in last year EPS should be greater than or equal to the previous year
(These two criteria point to a positive or flat earnings growth trend over the years).
Percentage change in price over four weeks greater than percentage change in price over 12 weeks
Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks
(These two criteria show that price of the stock is increasing consistently over the said timeframes).
Percentage price change for four weeks relative to the S&P 500 greater than percentage price change for 12 weeks relative to the S&P 500
Percentage price change for 12 weeks relative to the S&P 500 greater than percentage price change for 24 weeks relative to the S&P 500
(Here the case for consistent price gains gets even stronger as it displays percentage price changes relative to the S&P 500).
Percentage price change for 12 weeks is 20% higher than or equal to percentage price change for 24 weeks, but it should not exceed 100%
(This criterion indicates that a 20% increase in the price of a stock from the breakout point gives cues of an impending uptrend. But a jump of over 100% indicates that there is limited scope for further upside and the stock might be due for a reversal).
In addition, we place a few other criteria that lead us to some likely outperformers.
Zacks Rank less than or equal to 2: Only companies with a Strong Buy or Buy rating can get through.
Average 20-day Volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity.
Just these few criteria narrowed down the universe from over 7,700 stocks to just six.
Here are the six stocks:
ESSA Pharma Inc. EPIX : This is a pharmaceutical company, with a Zacks Rank #2 (Buy).
The Medicines Company MDCO : This is a biopharmaceutical company, carrying a Zacks Rank #2.
Alarm.com Holdings Inc. ALRM : This offers interactive security solutions for home and business owners. It sports a Zacks Rank #1 (Strong Buy).
The Trade Desk Inc. TTD : This Zacks Rank #1 company is a provider of technology platform for advertising.
ABM Industries Incorporated ABM : This is a leading provider of facility solutions, with a Zacks Rank #2.
Sunrun Inc. RUN : This is a Zacks Rank #1 residential solar energy systems company.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance .
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The Trade Desk Inc. (TTD): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
The Medicines Company (MDCO): Free Stock Analysis Report
Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report
Sunrun Inc. (RUN): Free Stock Analysis Report
ESSA Pharma Inc. (EPIX): 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.
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 : This is a leading provider of facility solutions, with a Zacks Rank #2. Click to get this free report The Trade Desk Inc. (TTD): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report The Medicines Company (MDCO): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report ESSA Pharma Inc. (EPIX): Free Stock Analysis Report To read this article on Zacks.com click here. This conclusion is drawn on the simple logic that a stock's current market price does not justify its higher earnings and therefore leaves room for upside. | Click to get this free report The Trade Desk Inc. (TTD): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report The Medicines Company (MDCO): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report ESSA Pharma Inc. (EPIX): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM : This is a leading provider of facility solutions, with a Zacks Rank #2. EPS growth estimate for the current year is greater than or equal to last year's actual growth Percentage change in last year EPS should be greater than or equal to the previous year (These two criteria point to a positive or flat earnings growth trend over the years). | Click to get this free report The Trade Desk Inc. (TTD): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report The Medicines Company (MDCO): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report ESSA Pharma Inc. (EPIX): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM : This is a leading provider of facility solutions, with a Zacks Rank #2. Percentage change in price over four weeks greater than percentage change in price over 12 weeks Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks (These two criteria show that price of the stock is increasing consistently over the said timeframes). | ABM Industries Incorporated ABM : This is a leading provider of facility solutions, with a Zacks Rank #2. Click to get this free report The Trade Desk Inc. (TTD): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report The Medicines Company (MDCO): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report ESSA Pharma Inc. (EPIX): Free Stock Analysis Report To read this article on Zacks.com click here. Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. |
29472.0 | 2018-01-25 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-2018-01-25 | 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.
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:
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.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets. 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: Another consideration with dividend growth stocks is just how much the dividend is growing . Get the latest Zacks research report on MDP - FREE Get the latest Zacks research report on T - FREE 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. | The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented. 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. Get the latest Zacks research report on MDP - FREE Get the latest Zacks research report on T - FREE 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. | 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. 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: Another consideration with dividend growth stocks is just how much the dividend is growing . | 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. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented. Get the latest Zacks research report on MDP - FREE Get the latest Zacks research report on T - FREE 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. |
29473.0 | 2018-01-02 00:00:00 UTC | Ex-Dividend Reminder: Cisco Systems, ABM Industries and Flowserve | ABM | https://www.nasdaq.com/articles/ex-dividend-reminder-cisco-systems-abm-industries-and-flowserve-2018-01-02 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 1/4/18, Cisco Systems Inc (Symbol: CSCO), ABM Industries, Inc. (Symbol: ABM), and Flowserve Corp (Symbol: FLS) will all trade ex-dividend for their respective upcoming dividends. Cisco Systems Inc will pay its quarterly dividend of $0.29 on 1/24/18, ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 2/5/18, and Flowserve Corp will pay its quarterly dividend of $0.19 on 1/19/18. As a percentage of CSCO's recent stock price of $38.68, this dividend works out to approximately 0.75%, so look for shares of Cisco Systems Inc to trade 0.75% lower - all else being equal - when CSCO shares open for trading on 1/4/18. Similarly, investors should look for ABM to open 0.46% lower in price and for FLS to open 0.45% lower, all else being equal.
Below are dividend history charts for CSCO, ABM, and FLS, showing historical dividends prior to the most recent ones declared.
Cisco Systems Inc (Symbol: CSCO) :
ABM Industries, Inc. (Symbol: ABM) :
Flowserve Corp (Symbol: FLS) :
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 3.00% for Cisco Systems Inc, 1.85% for ABM Industries, Inc., and 1.79% for Flowserve Corp.
In Tuesday trading, Cisco Systems Inc shares are currently up about 1%, ABM Industries, Inc. shares are up about 0.2%, and Flowserve Corp shares are up about 0.6% 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.
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 3.00% for Cisco Systems Inc, 1.85% for ABM Industries, Inc., and 1.79% for Flowserve Corp. Looking at the universe of stocks we cover at Dividend Channel , on 1/4/18, Cisco Systems Inc (Symbol: CSCO), ABM Industries, Inc. (Symbol: ABM), and Flowserve Corp (Symbol: FLS) will all trade ex-dividend for their respective upcoming dividends. Cisco Systems Inc will pay its quarterly dividend of $0.29 on 1/24/18, ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 2/5/18, and Flowserve Corp will pay its quarterly dividend of $0.19 on 1/19/18. | Looking at the universe of stocks we cover at Dividend Channel , on 1/4/18, Cisco Systems Inc (Symbol: CSCO), ABM Industries, Inc. (Symbol: ABM), and Flowserve Corp (Symbol: FLS) will all trade ex-dividend for their respective upcoming dividends. Cisco Systems Inc will pay its quarterly dividend of $0.29 on 1/24/18, ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 2/5/18, and Flowserve Corp will pay its quarterly dividend of $0.19 on 1/19/18. Cisco Systems Inc (Symbol: CSCO) : ABM Industries, Inc. (Symbol: ABM) : Flowserve Corp (Symbol: FLS) : In general, dividends are not always predictable, following the ups and downs of company profits over time. | Looking at the universe of stocks we cover at Dividend Channel , on 1/4/18, Cisco Systems Inc (Symbol: CSCO), ABM Industries, Inc. (Symbol: ABM), and Flowserve Corp (Symbol: FLS) will all trade ex-dividend for their respective upcoming dividends. Cisco Systems Inc will pay its quarterly dividend of $0.29 on 1/24/18, ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 2/5/18, and Flowserve Corp will pay its quarterly dividend of $0.19 on 1/19/18. Cisco Systems Inc (Symbol: CSCO) : ABM Industries, Inc. (Symbol: ABM) : Flowserve Corp (Symbol: FLS) : 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 3.00% for Cisco Systems Inc, 1.85% for ABM Industries, Inc., and 1.79% for Flowserve Corp. Looking at the universe of stocks we cover at Dividend Channel , on 1/4/18, Cisco Systems Inc (Symbol: CSCO), ABM Industries, Inc. (Symbol: ABM), and Flowserve Corp (Symbol: FLS) will all trade ex-dividend for their respective upcoming dividends. Cisco Systems Inc will pay its quarterly dividend of $0.29 on 1/24/18, ABM Industries, Inc. will pay its quarterly dividend of $0.175 on 2/5/18, and Flowserve Corp will pay its quarterly dividend of $0.19 on 1/19/18. |
29474.0 | 2018-01-02 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for January 03, 2018 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-january-03-2018-2018-01-02 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on January 03, 2018. A cash dividend payment of $0.175 per share is scheduled to be paid on February 05, 2018. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2.94% increase over prior dividend payment.
The previous trading day's last sale of ABM was $37.72, representing a -16.4% decrease from the 52 week high of $45.12 and a 3.03% increase over the 52 week low of $36.61.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). ABM's current earnings per share, an indicator of a company's profitability, is $.07. Zacks Investment Research reports ABM's forecasted earnings growth in 2018 as .86%, compared to an industry average of 4.6%.
For more information on the declaration, record and payment dates, visit the ABM Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). Zacks Investment Research reports ABM's forecasted earnings growth in 2018 as .86%, compared to an industry average of 4.6%. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | 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 ) will begin trading ex-dividend on January 03, 2018. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on January 03, 2018. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on January 03, 2018. The previous trading day's last sale of ABM was $37.72, representing a -16.4% decrease from the 52 week high of $45.12 and a 3.03% increase over the 52 week low of $36.61. |
29475.0 | 2017-12-15 00:00:00 UTC | Company News For Dec 15, 2017 | ABM | https://www.nasdaq.com/articles/company-news-for-dec-15-2017-2017-12-15 | nan | nan | Shares of The Walt Disney Company DIS surged 2.8% after the company announced that it would acquire 21st Century Fox Inc. FOXA for $52.4 billion in cash
Sanderson Farms, Inc.'s SAFM shares tanked 13% after reporting fourth quarter 2017 earnings per share of $3.20, lower than the Zacks Consensus Estimate of $3.62
Shares of Nordson Corporation NDSN surged 13.4% after reporting fourth quarter 2017 earnings per share of $1.38, surpassing the Zacks Consensus Estimate of $1.32
ABM Industries Incorporated's ABM shares plummeted 12.7% after posting fourth quarter 2017 earnings per share of $0.37, lower than the Zacks Consensus Estimate of $0.46
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Walt Disney Company (The) (DIS): Free Stock Analysis Report
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Sanderson Farms, Inc. (SAFM): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Twenty-First Century Fox, Inc. (FOXA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares of The Walt Disney Company DIS surged 2.8% after the company announced that it would acquire 21st Century Fox Inc. FOXA for $52.4 billion in cash Sanderson Farms, Inc.'s SAFM shares tanked 13% after reporting fourth quarter 2017 earnings per share of $3.20, lower than the Zacks Consensus Estimate of $3.62 Shares of Nordson Corporation NDSN surged 13.4% after reporting fourth quarter 2017 earnings per share of $1.38, surpassing the Zacks Consensus Estimate of $1.32 ABM Industries Incorporated's ABM shares plummeted 12.7% after posting fourth quarter 2017 earnings per share of $0.37, lower than the Zacks Consensus Estimate of $0.46 Want the latest recommendations from Zacks Investment Research? Click to get this free report Walt Disney Company (The) (DIS): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Sanderson Farms, Inc. (SAFM): Free Stock Analysis Report Nordson Corporation (NDSN): Free Stock Analysis Report Twenty-First Century Fox, Inc. (FOXA): 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. | Shares of The Walt Disney Company DIS surged 2.8% after the company announced that it would acquire 21st Century Fox Inc. FOXA for $52.4 billion in cash Sanderson Farms, Inc.'s SAFM shares tanked 13% after reporting fourth quarter 2017 earnings per share of $3.20, lower than the Zacks Consensus Estimate of $3.62 Shares of Nordson Corporation NDSN surged 13.4% after reporting fourth quarter 2017 earnings per share of $1.38, surpassing the Zacks Consensus Estimate of $1.32 ABM Industries Incorporated's ABM shares plummeted 12.7% after posting fourth quarter 2017 earnings per share of $0.37, lower than the Zacks Consensus Estimate of $0.46 Want the latest recommendations from Zacks Investment Research? Click to get this free report Walt Disney Company (The) (DIS): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Sanderson Farms, Inc. (SAFM): Free Stock Analysis Report Nordson Corporation (NDSN): Free Stock Analysis Report Twenty-First Century Fox, Inc. (FOXA): 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. | Shares of The Walt Disney Company DIS surged 2.8% after the company announced that it would acquire 21st Century Fox Inc. FOXA for $52.4 billion in cash Sanderson Farms, Inc.'s SAFM shares tanked 13% after reporting fourth quarter 2017 earnings per share of $3.20, lower than the Zacks Consensus Estimate of $3.62 Shares of Nordson Corporation NDSN surged 13.4% after reporting fourth quarter 2017 earnings per share of $1.38, surpassing the Zacks Consensus Estimate of $1.32 ABM Industries Incorporated's ABM shares plummeted 12.7% after posting fourth quarter 2017 earnings per share of $0.37, lower than the Zacks Consensus Estimate of $0.46 Want the latest recommendations from Zacks Investment Research? Click to get this free report Walt Disney Company (The) (DIS): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Sanderson Farms, Inc. (SAFM): Free Stock Analysis Report Nordson Corporation (NDSN): Free Stock Analysis Report Twenty-First Century Fox, Inc. (FOXA): 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. | Shares of The Walt Disney Company DIS surged 2.8% after the company announced that it would acquire 21st Century Fox Inc. 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29476.0 | 2017-12-14 00:00:00 UTC | ABM Industries (ABM) Q4 2017 Earnings Conference Call Transcript | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q4-2017-earnings-conference-call-transcript-2017-12-14 | nan | nan | ABM Industries (NYSE: ABM)
Q4 2017 Earnings Conference Call
Dec. 14, 2017 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, welcome to ABM's Fourth-Quarter 2017 Conference Call. As a reminder, today's call is being recorded. I would now like to turn the conference call over to Ms. Susie A. Choi. Please go ahead.
Susie Choi -- Head of Investor Relations
Thank you, all, for joining us this morning. With us today are Scott Salmirs, our president and chief executive officer, and Anthony Scaglione, executive vice president and chief financial officer. We issued our press release yesterday afternoon announcing our fourth-quarter fiscal 2017 financial results. A copy of this release and an accompanying slide presentation can be found on our corporate website.
Before we begin, I would like to remind you that our call and presentation today contains 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 a slide that accompanies our presentation. During the course of this call, certain non-GAAP financial information will be presented. A reconciliation of those numbers to GAAP financial measures is available at the end of the presentation and on the company's website under the Investor tab. Now before I turn the call over to Scott, I would like to apologize in advance for any background noise due to construction on the floor above us.
Scott?
Scott Salmirs -- President and Chief Executive Officer
Thanks, Susie. Good morning, everyone, and thank you for joining us today. By this point, I'm sure you had a chance to review our fourth-quarter and full-year earnings release. Fiscal 2017 was a momentous year for ABM.
I want to congratulate and thank all of our employees as we celebrate the conclusion of our first year as the new ABM. It was certainly a complex one, filled with a lot of hard work that yielded a substantial amount of progress over a relatively short period of time. We operated for the first time under our new vertical industry group organizational structure while consummating the largest acquisition in the company's history. We navigated change and managed our business steadily, maintaining solid organic growth of approximately 3%.
2017 was also a year where we had the courage to make hard choices by being more discerning with our business. Our decision to exit a large contract in our aviation business is just one example of this discipline. There were challenges as well, with hurricanes Harvey, Irma, Maria displacing thousands of our employees and clients over the past several months. I believe our execution through the prolonged turmoil shows the character of our organization.
We continue to rebuild after these natural disasters and our thoughts remain with all those who have been affected, particularly during the holiday season. In the face of all this, we earned $1.34 per share or $1.75 on an adjusted basis and achieved an EBITDA margin of 4.3%. Our 2020 Vision ABM Way operating protocols continue to be on everyone's mind and our culture is beginning to shift toward operating in a standardized format. We capitalized on our Phase 1 momentum by accelerating our newly centralized procurement initiative.
I'm pleased to report that we exceeded our in-year target in this area by delivering $10 million in savings, and we have a path to increase that in fiscal 2018. Simultaneously, we pursued innovation to support the ABM Way through new technologies. We developed and deployed tools to optimize our business, contracted for a new HRIS system to enhance human resources and employee engagement, and we piloted client-facing technologies that will better enable client engagement and stickiness. 2017 was also a year in which we continued to strengthen our team.
Among others, we appointed our new chief operating officer, Scott Giacobbe, welcomed Andrea Newborn, our new general counsel; and announced Sean Mahoney in the newly created role of president of sales. And as part of our path, we continue to execute against our long-term vision with the divestiture of our government business and the acquisition of GCA Services Group. Amidst these accomplishments, we learned a great deal as well. During this pivotal first year as the new ABM, we identified areas of opportunity that we intend to address in fiscal 2018 in order to fulfill our 2020 Vision.
Let me take you through one example. With quantifiable experience now under our belt, we see an opportunity to refine and make adjustments that will accelerate the deployment and adoption of the ABM Way enterprisewide. We have reorganized the governing body of the ABM Way, known as the COE or Center of Excellence, to better align with our needs, and we embedded the ABM Way into our industry groups more acutely. There will now be dedicated leadership within each industry group, focused entirely on accelerating and ensuring the adoption of the ABM Way.
These individuals will report to industry group presidents while working in tandem with the COE to deliver value in the areas of labor management, pricing, safety, and account planning. We found it was necessary to embed ownership with the ABM Way within each industry group in order to ensure implementation, integration, and compliance. Operating the COE separately from the industry groups in 2017 wasn't optimal. We believe this new model will be essential to standardizing the service delivery process established by the ABM Way.
We also modified our compensation structure to better align with the results we're seeking to achieve. This stresses our commitment to being a pay-for-performance level organization. Our agility as we continue to evolve will be the key to our success as we make continuous improvement, one of our core operating tenets. To further support our path to profitable growth, we are making foundational investments to operate more efficiently.
At our upcoming Investor Day on January 18, we are eager to discuss some of the tools that we've deployed to underscore our focus on service delivery. A great example is our tag pricing tool, which we created in the latter half of fiscal 2017, to drive pricing consistency and bolster data analytics. After 15 weeks of development and the pilot with input from over 100 operators, we've launched our tag pricer. This tool enables our operators to price, sell, and manage tags in one mobile tool.
Roll-out began last month with our B&I branches and training will continue through the first half of 2018. A tag process that took two to three days now takes half the time. And with future enhancements and modifications, our plan is to cut the end-to-end cycle time to less than one hour. This technology tool will simplify and accelerate how we capture higher-margin work orders.
We're confident this will pave the way for ABM to continue pursuing consistent, profitable growth over time. In fiscal 2018, Scott Giacobbe and his teams started shaping how we can initiate the cross-selling of our existing services more effectively. Through the ABM Way, we will assess our existing account plans and identify high-growth opportunities where we can solve more for our clients. Our sales team will be launching targeted campaigns to specific lines during the first quarter.
As an example, selling our Technical Solutions services to our existing custodial clients in the education industry is a clear opportunity throughout the entire fiscal 2018, with specific K-12 and university clients being identified. Higher growth, while being discerning, is an absolute focus for us as we continue operating as the new ABM. It was one of the reasons why we pursued our industry group structure and the basis for many of our strategic decisions in fiscal 2017. Scott Giacobbe and his teams are reigniting a sales culture across ABM and the energy is palpable.
We are committed to driving organic growth and delivering more services. Now as you can imagine, 2018 will be heavily focused on the integration of GCA. We've spent the past three months developing an organizational structure that aligns with our synergy targets and accelerates our goal of driving long-term profitable growth. We are already operating internally to reflect our new GCA business and as such, I'm excited to formally introduce our new technology and manufacturing industry group.
This new vertical incorporates our high tech industry group with ABM's legacy industrial and manufacturing business and GCA's industrial manufacturing business. The majority of ABM's legacy business came from within the B&I group. These markets often require highly specialized capabilities, and aligning them to one industry group, allows us greater scale to support specialized areas like manufacturing facilities, data centers and biopharmaceutical centers. This approximately $900 million business will be led by Brant Miller, who is an SVP of operations to GCA's commercial division.
Slide 11 shows our industry group structure. In addition to integrating GCA's clients into our new industry group mix, we are discovering ways of unlocking greater value by leveraging GCA's expertise. Our review of GCA's internal processes compelled us to focus on process remapping within our broader organization. We are dissecting our end-to-end processes that underpin our business and are mobilizing our team to improve, standardize and enable efficiencies in our day-to-day management.
Their efforts in 2018 will be focused primarily on three areas. The first will be how we identify, qualify, and win customers. The second will be how we set up new accounts, execute the terms of the contract, and bill our clients. And the third will be how we recruit, manage, and pay our employees.
You can think of these initiatives as the ABM Way for our back-of-the-house processes. So while we are working diligently to target growth more aggressively and profitably, we are equally focused on operating efficiently. I'd like to thank everyone for your support during 2017. It was an exciting and challenging year that motivated us to work harder than ever.
While the path that we laid out in 2015 may not be as linear as we originally thought, it's certainly every bit as real as we anticipated in 2015. Our confidence grows every day as we find new and exciting ways to unlock long-term value. We are early in our transformation and the work that lies ahead of us will lead to the discovery of our full, profitable potential. Today, we are a stronger ABM, and we can't wait to expand on the many topics we discussed today at our Investor Day on January 18 in New York City.
With that, I'd like to turn the call over to Anthony.
Anthony Sacglione -- Executive Vice President and Chief Financial Officer
Thank you, Scott, and good morning, everyone. Before I summarize our financial results for the year, I want to thank all of you, our analysts and shareholders, for navigating the year with us. 2017 was a major turning point in our organization, both operationally and financially. We introduced a new reporting structure that aligned our internal view of our business with the external reporting view.
Part of this process was undertaking the complex task of remapping and retasking the current-year and prior-year contracts and overhead business allocation. Throughout 2017, the year-over-year comparisons on a segment basis were challenging, and we worked hard to provide meaningful insights into our business to underscore our commitment to transparency. From inception to completion, we overcame a tremendous amount of change. So once again, thank you all, for working with us through 2017, and I also want to convey my deep gratitude to the entire finance and operations team for continuing to deliver throughout this journey.
Now for the fourth-quarter performance, which is described in today's earnings presentation. Please note, the fourth quarter was the first full quarter which excluded our divested government business and it includes two months of GCA operation. Commensurate with the GCA acquisition, our GAAP results for the quarter reflect approximately $24 million of transaction- and integration-related expenses. Consolidated revenues for the quarter were up 13.3% versus last year, including organic growth of approximately 2%, which is adjusted for acquisitions and divestitures.
Our organic growth for the quarter was primarily driven by our aviation and business and industry segment. In addition, acquisitions provided approximately $179 million of incremental revenues to the quarter, which is predominantly reflected in the GCA segment. On a GAAP basis, we reported a loss from continuing operations of $2.5 million or $0.04 per diluted share. These results reflect the as-expected acquisition costs associated with the GCA transaction as well as other items impacting comparability, including litigation and other settlement costs primarily related to two localized losses in the Seattle aviation market, a large portion of which we expect to be reimbursed for in the future quarters.
On an adjusted basis, income from continuing operations for the quarter was $23.5 million or $0.37 per diluted share. Operationally, our adjusted income from continuing operations for the fourth quarter was impacted by increases in reserves associated with historical union benefit audit, as well as higher cost in our aviation segment. Please also note, all per-share amounts for the quarter reflect additional share count dilution and higher amortization expense as a result of GCA. During the quarter, we delivered adjusted EBITDA of $70.8 million.
Our year-over-year EBITDA contribution was primarily driven by higher revenues, higher procurement savings and the contribution from GCA. Partially offsetting these results was the impact of the cost associated with the aforementioned items. Adjusted EBITDA margin for the quarter was 4.7% versus 4.6% last year. Now turning to our segment results for the quarter.
Please turn to Slide 6 of today's earnings presentation. For B&I, revenues increased 1.8% versus last year to $755 million, and operating margins were 5.1%. During the quarter, growth was primarily driven by expansion with existing clients and tag revenue. The underlying business for B&I remained solid, overcoming the impact of an increase in union benefit reserve and slower-than-anticipated adoption of the ABM Way, which as Scott discussed, we are addressing.
As it relates to the union benefit plan reserve, B&I was negatively impacted by roughly $2 million, and we are putting processes in place to minimize the future impact of these adjustments, including automating certain aspects of the process. Our aviation business maintained its strong top line, delivering over 17% growth for the quarter to $265 million. Operating income for the quarter was impacted by higher overall labor cost. As it relates to our contract exit that we described last quarter, we were able to successfully transition the majority of the business by the end of the fiscal year.
Results in our emerging industries groups were not far from our internal expectations considering certain large contract losses in high tech and education, which we detailed earlier in the year. Revenues for the quarter were approximately $194 million and operating profit for the quarter was $9.9 million. Beginning with the first quarter of fiscal 2018, this segment will be remapped given our GCA acquisition. Education will be a stand-alone reportable segment.
High tech will become part of a new stand-alone segment, technology and manufacturing. Although the emerging industries reportable segment will no longer exist, I would like to provide some additional insights into the performance of each specific industry group. As you know, our emerging industries segment is comprised of education, high tech, and healthcare. Education and high tech both navigated large contract losses during the year but were able to recoup some of this through new business wins and expansion.
Healthcare saw some challenges during the quarter with the slowdown of new business and we are building a stronger pipeline for this industry group through the targeting of non-acute facilities within the specific region as well as university and midsize hospital systems. We ended the year with some good momentum, and I am encouraged by Dan Bowen, who led that group and his team's outlook for fiscal year '18. Technical solutions revenue year over year during the quarter were flat, the end of the full year, with growth primarily stemming from our U.K. operation.
For the quarter, this segment reported $114 million of revenue with operating income of $10.4 million. Margins remain robust for both the quarter and full year. Although U.S. revenues were slightly below our expectation, most of the shift was due to timing and we continue to maintain a strong pipeline and backlog.
As we discussed in the past, there is some cyclicality in this business, specifically in the education sector, which we continue to expand. We expect our project and revenue churn to normalize in 2018, particularly in the back half of the year, in line with our historical levels. We continue to be excited about this group's prospect, and I am pleased to say that we already identified a number of opportunities through GCA's client base, where we see the potential for cross-selling our technical solutions services. Regarding liquidity, we ended the fourth quarter with total debt, including standby letters of credit, of roughly $1.3 billion, the increase reflecting our GCA transaction.
I am pleased to state that we ended the quarter below 4 times leverage at 3.93 times pro forma lender-adjusted EBITDA as defined by our new credit facility. During the quarter, we paid a quarterly cash dividend of $0.17 per common share for a total distribution of $11.1 million to shareholders. And also our board has approved a 3% increase to our quarterly cash dividend to $0.175 per share. This marks our 207th consecutive quarterly cash dividend.
Now for a quick recap of our annual results. Overall, revenues increased $308.9 million or 6% compared to last year. The increase in revenues was attributable to organic growth of approximately 3% and $208 million of incremental revenues from acquisition. Our GAAP income from continuing operations for fiscal 2017 was $78.1 million or $1.34 per diluted share.
On an adjusted basis, income from continuing operations for the year was $101.9 million or $1.75 per diluted share. Our adjusted results exclude items impacting comparability, predominantly related to an impairment recovery related to our company's government service business, a lower self-insurance adjustment, acquisition costs related to the GCA acquisition, and lower restructuring and related expenses. Operationally, the company's adjusted income from continuing operations were driven by procurement and organizational savings, stemming from our 2020 Vision initiative, which was partially offset by results within our aviation segment, which I've discussed. Additionally, income from continuing operations for the quarter on an adjusted and non-adjusted basis reflects GCA-related share count dilution of approximately 3% and higher amortization expense.
Adjusted EBITDA grew to $236.7 million, and we ended the fiscal year with an adjusted EBITDA margin of 4.3% versus 4.1% last year. Now turning to our guidance outlook. We are introducing fiscal 2018 GAAP guidance outlook range of $1.33 to $1.43 and on an adjusted basis, $1.70 to $1.80 per share. As a reminder, our 2018 guidance outlook contemplates several aspects related to our GCA acquisition.
We have provided a breakdown of the specific elements, but let me summarize it briefly. From a revenue standpoint, we expect GCA to contribute between $950 million to $1.05 billion in fiscal 2018 at EBITDA margins of approximately 9% to 9.5%. Our overall amortization guidance of approximately $60 million to $70 million is predominantly associated with $40 million to $50 million in amortization primarily related to the customer intangibles for GCA. As a result of this projected increase in amortization, year-over-year EPS comparisons are not indicative of the long-term true earnings growth of our business.
For example, at the estimated midpoint, GCA-related amortization in 2018 would have an approximately $0.40 diluted EPS impact. However, on a cash EPS basis, excluding such amortization, our adjusted growth year over year will be approximately 20%. Although we are not providing an additional EPS metric, I do believe investors should review the business result with this measurement over time. Our guidance also contemplates approximately $50 million to $53 million in interest expense, also driven primarily by our GCA acquisition.
As it relates to taxes, with the exception of the 2018 Work Opportunity Tax Credit and the tax impact of stock-based award, our guidance range of 38% to 40% does not include any potential benefits associated with certain other discrete tax items or other unrecognized tax benefits. In addition, our guidance does not contemplate the positive or negative impact of any new tax legislation that is currently making its way through Congress. We expect capital expenditures in fiscal 2018 to be between $55 million to $65 million and depreciation of $50 million to $60 million. In 2017, we began a deliberate approach to IT investment, including assessing internal development and cloud-based solutions for our organization.
Projects based, scope and timing resulted in lower-than-anticipated CAPEX spend in 2017. In 2018, as we continue to progress with our projects, our capital expenditures will reflect those investments. However, over the long term, we expect our IT capital investment to normalize. 2018 maintenance CAPEX is in line with historical amounts and it includes GCA.
Finally, as Scott mentioned, we will announce our new reportable segments at our Investor Day in January and begin reporting under these segments for the first quarter of 2018. We are still mapping the last components of our business overhead and expect to announce our segment operating margin guidance at our Investor Day so you can appropriately track our performance versus our expectations just as we did in 2017. Our current industry groups are business and industry, aviation, education, healthcare, technology and manufacturing, and technical solutions. Additional revenues from GCA will be allocated to education, B&I, technical manufacturing, and aviation.
At our upcoming Investor Day, we intend to share the market characteristics and business dynamics of each of these industry groups and how we believe the 2020 ABM can compete and prosper. Please reach out to Susie if you like additional details about our Investor Day in January. We look forward to seeing you all there. Operator, we are now ready for questions.
Questions and Answers:
Operator
Thank you. We will now be conducting a question-answer-session. If you would like to ask a question, please press *1 on your telephone keypad. A confirmation tone will indicate your line is in the question queue.
You may press *2 if you like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the * keys. One moment please, while we pool for questions. Our first question comes from the line of Michael Gallo with CL King.
Please proceed with your question.
Michael Gallo -- CL King -- Analyst
Hi, good morning. I just want to dig in a little bit on the 2020 Vision and how you're tracking versus that, forgetting for a second about GCA. If I just kind of take the guidance on GCA and I look back at the original 100 basis points, I think you're planning to improve the margins going back to 2015, that would have implied kind of a 4.8% EBITDA margin for the core business. It looks to me if I just take GCA out of your guidance that, that number is more in the 4.3%, 4.4% area, and again, correct me if I'm off on any of these numbers.
I guess, my question is, has anything changed in terms of your ability to get that margin improvement? Or are there other costs that have come along that you didn't anticipate? Or is there simply a function of timing and I know you have a lot going on with the integration of GCA and you still believe those are ultimately good and attainable targets, it might just take a little longer to get.
Anthony Scaglione -- Executive Vice President and Chief Financial Officer
So Mike, the way I would look at, so when we outlined the $40 million to $50 million of savings related to 2020, if you look at it in the components, we achieved a bit more on the org, call it $27 million, $27.5 million related to org, and we're at the higher end of our procurement savings, roughly $10 million delivered in fiscal 2017. And on the ABM Way, which is really encompassing the standard operating procedures, probably slower than what we initially anticipated. So we recognize roughly $3 million in fiscal 2017, but we have a path forward. And I think one of the things that you should look at is the profitable growth over time, we're still very much committed to that process.
But we are also investing in other areas of the business, which it will have an impact in fiscal '18.
Scott Salmirs -- President and Chief Executive Officer
Yes. And I think if you look forward in 2018 versus where we were in 2015, Michael, we were just firming up how we were going to approach technology, and kind of legacy ABM was all about really developing our own technology solutions, which was a capital expense. And as we've evolved and as we've matured in the marketplace, we feel like the best way to deploy technology is more software as a service, right? Enterprisewide applications and when you look at that, that's where it ends up being an operating expense. So for us, we see kind of like a 20-basis-point impact just from that shift of saying rather than be developing different software tools, we need to be outsourcing them.
So that's something that over the next year or two, you'll see embedded in the numbers.
Michael Gallo -- CL King -- Analyst
OK. That's helpful. Thank you.
Operator
Thank you. Our next question comes from the line of Andrew Wittmann with Robert W. Baird. Please proceed with your question.
Andrew Wittman -- Robert W. Baird -- Analyst
Hey, great. I'm just going to start out with a couple of clarifications here. And first one, I guess, Anthony. The synergies -- so on GCA, you guys gave the revenue and EBITDA margin.
Are the synergies included in that EBITDA margin? Or are they incremental to the EBITDA margin of 9% to 9.5% you've got in effect?
Anthony Scaglione -- Executive Vice President and Chief Financial Officer
They're incremental to the -- that's pure GCA contribution. So it's incremental.
Andrew Wittman -- Robert W. Baird -- Analyst
Got it. And then just -- using the components of your guidance, EPS and all the stuff that's below EBITDA, you can kind of back into EBITDA using the margin, it comes back into revenue. So I guess, I wanted to understand what you guys are thinking about in terms of organic margin -- or I'm sorry, organic revenue trend for the business in total and what segments are going to drive that? It seems to me, by backing into that, that it looks like organic growth is expected to accelerate in fiscal '18 compared to the, at least the 2.3% that we saw this quarter. But I guess a little bit more detail on how you guys are thinking about organic revenue trends would be helpful.
Anthony Scaglione -- Executive Vice President and Chief Financial Officer
Andy, we're going to dive into that a lot deeper in Investor Day, and what we're going to try to do for you guys is break it down by segment. So we'll have an enterprise view at that time but also segment by segment to kind of give more clarity about how we see it. So I think if you can bear with us until mid-January, we'll give you some more insight on that.
Andrew Wittmann -- Robert W. Baird -- Analyst
All right. Maybe the next one I wanted to dig into was about kind of the margin gains implicit in the business for fiscal '18. I heard that there's further procurement savings certainly this back of the house. The comments that you made, Scott, seems like there's a little bit more there than the ABM Way.
In total, what do you think the impact of those items are going to be in the, I guess, on the organic basis in '18? How much is there to be captured?
Scott Salmirs -- President and Chief Executive Officer
Yes. So the way I would kind of bucket it in, Andy, is ABM Way is embedded in our margin profile. So one of the learnings of 2017 as we had it centralized and as we went through our budget process and really took those learnings, we really embedded that process. So the margin profiles by industry group segments, which we'll provide guidance to at Investor Day, the reason why we're not providing guidance now, we're still remapping a lot of the cost integrating 40,000 employees and $1 billion of revenue.
So ABM Way will be embedded in that process as it relates to the procurement savings. There is additional savings that we anticipate but some of the savings that we achieved in 2017 are one-time, so it's not incremental per se. It will be higher than the run rate, but it's not an incremental per se on the $10 million. So effectively, the $10 million goes down to a run rate of $8 million, but then we have an additional amount that's going in.
So from a year-over-year comparison, you may not see as much of an incremental, but we still have good momentum in that space. And then on the back of the house, that's really, I would say, latter half 2018, but truly a 2019 opportunity there, and really the opportunity comes from taking the learnings through the GCA, the simplification of how they've approached certain elements of their business and trying to apply those learnings on to our business from back of the house. So we see efficiencies but that's probably longer term in nature.
Andrew Wittman -- Robert W. Baird -- Analyst
OK, great. That's helpful. Maybe I'll come back with one last one in this round and maybe come back in later. But I guess, I just wanted to look at GCA and I guess the accounting around that.
The intangible amortization came in kind of heavier than we thought it was going to be. I guess, I wanted to get your sense on the intangible amortization, the burn-off rate of that over time. And how, as you look at it on a net basis including the depreciation, which you didn't quantify for GCA, how are you looking at the accretive dilutive effect of GCA here as part of your EPS guidance in fiscal '18?
Anthony Scaglione -- Executive Vice President and Chief Financial Officer
Yes. And I alluded to this in my prepared remarks. But effectively, I think the longer term, looking at our business on a cash EPS basis, excluding components like amortization, it's going to really try to drive the true health of the business over time. The intangibles are primarily related to customer relationship and customer contracts.
So the allocation there is going through our normalized process and valuing those customer intangibles. And we have a pretty, what I would say, burdensome process in terms of how we allocate or amortize those balances over time. We use some of the year's digits, which provides a higher amortization in the earlier years and then it burns off in the later year at a much higher or lower rate. So in the next couple of years, you can expect the 10% degradation in that amortization burn next year outside of the dilution, I mentioned $0.40 in the prepared remarks, that's on a fully burdened dilutive basis.
On an anti-diluted basis, that's roughly $0.49. So you can expect the 10% degradation going forward after 2018.
Andrew Wittmann -- Robert W. Baird -- Analyst
OK. I guess, I'm going to lie and give one more -- just one other thing, and I'll be wrapped up. And Scott, this one's for you. I wanted to get your sense of the new business pipeline.
If you can frame it maybe in terms of the net new business and how you're entering fiscal '18 with your net new business that's in the hopper versus how you entered the year through fiscal '17. Just to get a sense about how similarly the selling processes and customer retention are working out as you're thinking about the businesses?
Scott Salmirs -- President and Chief Executive Officer
Yes. So look, I mean -- I guess it is industry by industry. But I would say enterprisewide, we're really encouraged. We started this culture of driving organic sales in a big way.
I want to say it's three, four months ago where with Sean Mahoney coming on. And if you look at some of the pipelines, aviation has a really strong pipeline. We believe technical solutions is going to get back to kind of their historical growth rates based on some of the pipelines we're seeing. So I just think there's a lot of energy and momentum in the business.
So we're quite excited. Again, we'll give more detail in January. But for now, again, I'm seeing momentum, I'm seeing enthusiasm. And we're still challenged, right? It's hard finding really good salespeople, we're out in the market, we're looking to increase, organically, our sales team and that's very much on our mind as one of the key initiatives for 2018.
But even then, Andy, it takes time, like a salesperson comes on and depending on what industry group they're in, it can take anywhere from three months to six months maybe a little bit longer for them to become efficient and really start selling. But short term, medium term and long term, I'm pretty excited.
Andrew Wittmann -- Robert W. Baird -- Analyst
All right. Thanks then.
Operator
Thank you. Once again, as a reminder, if you would like to ask a question, please press *1 on your telephone keypad. Our next question comes from the line of Joe Box with KeyBanc Capital Markets. Please proceed with your question.
Joe Box -- KeyBanc Capital Markets -- Analyst
So just going back in Michael's initial question. Now rough math, I'm coming up with an adjusted EBITDA margins for legacy ABM is about 4.2% for FY '17. Is that fair?
Anthony Scaglione -- Executive Vice President and Chief Financial Officer
That's correct.
Joe Box -- KeyBanc Capital Markets -- Analyst
OK. So Anthony, just kind of looking at all the costs that were maybe somewhat unusual, but were included in the adjusted EBITDA number like the aviation contract, the hurricane disruption and then the pension items, what do you think is the right kind of margin numbers should be for legacy ABM?
Anthony Scaglione -- Executive Vice President and Chief Financial Officer
So if you look at the -- those what we would consider one-time items, aviation, we've had a roughly 10- to 15-basis-point impact for the full year. And we've -- as I've mentioned, we've exited that troublesome contract at the end of the fiscal year. There's a little bit of overhang in Q1 but that was immaterial in the grand scheme of things. When you look at the one-time events, again, classifying the union audit, some of the year-end cleanup, that's, again, 5 to 6 basis points on a combined basis.
And then really the other, what I would say, miss, for the full year is we had a higher expectation on our higher-margin technical solutions business and that's again a shift to the right. So from a pipeline and backlog, still very robust. But we had a higher target in fiscal year '17 than what was delivered and that had a slight impact on our margin profile. So when you take a step back and I think it would have to isolate those events, including ABM Way being a little less than what we anticipated as being the key impetus or key catalyst on where we ended the margin profile.
But your math in terms of the 4.2% is, excluding GCA, is right on.
Joe Box -- KeyBanc Capital Markets -- Analyst
OK. And so I guess, just kind of adding back some of those items, we're talking more about 4.35% to 4.4%, not accounting for the pushout of part of your business into next year. So I guess, with that said then, why would margins in ABM -- legacy ABM be flattish next year? I get that there's some ABM Way issues, but I guess, I'm just struggling to see why legacy ABM will be flattish.
Anthony Scaglione -- Executive Vice President and Chief Financial Officer
Yes. So the way I would look at our free cash flow obviously this year with the transition to the shared service center was a little bit muted from what we would have expected. So we feel like we're going to be normalizing our cash flow over the next six to 12 months as the migration is complete and as we get to a more normalized billing cycle from a free cash flow perspective. On a CAPEX standpoint, a little higher than what we would have historically been at, and that's both maintenance CAPEX as well as investments that we're making specifically on IT projects.
So when you look at it from a capital expenditure standpoint, it's higher from an overall free cash flow. It should be in line with 2017, slightly higher on a year-over-year basis.
Joe Box -- KeyBanc Capital Markets -- Analyst
And so what was it in 2017? I know we'll get the K here at some point, but what's the baseline number?
Anthony Scaglione -- Executive Vice President and Chief Financial Officer
The baseline number for 2017, well, we have for 2017 would be roughly $100-ish million. And for a full year basis, it's roughly $160 million for next year on an operating cash flow.
Joe Box -- KeyBanc Capital Markets -- Analyst
At $160 million on operating cash flow?
Anthony Scaglione -- Executive Vice President and Chief Financial Officer
And the CAPEX guidance is in the outlook deck.
Joe Box -- KeyBanc Capital Markets -- Analyst
OK, yes. Got it, got it. OK. And then what's your mark for debt paydown?
Anthony Scaglione -- Executive Vice President and Chief Financial Officer
Well, I mean, we don't have any earmark outside of the term loan amortization, which in fiscal '18, I believe, is roughly 5%. Other than that, we're going to be managing our debt appropriately as cash flow there's other investments. So I would look at it as earmarking our debt or earmarking our cash flow for dividend, CAPEX and then debt paydown will be the remaining.
Joe Box -- KeyBanc Capital Markets -- Analyst
OK, great. And then lastly for me, can you just give us a progress update on the recent Transport for London win?
Scott Salmirs -- President and Chief Executive Officer
Yes. So that's going really well. We're probably three or four months into this right now. And everything is going as planned and they see a line of sight for bolstering on extra services.
So good news on that front.
Joe Box -- KeyBanc Capital Markets -- Analyst
Is this a margin drag at the beginning? Or are we kind of in line? Any update there?
Scott Salmirs --President and Chief Executive Officer
Yes. So it's definitely a lower-margin business to begin with, right? Because, again, you have some start-up cost. And when you have large-scale contracts like that, you'll always get something like that at a lower-margin profile than maybe a smaller assignment. But we see ways to -- as part of our account planning process, and we took this on, we see ways to accelerate that margin.
But, yes, definitely straight out of the box, it's lower. And it's baked into our estimates though, that's for sure.
Joe Box -- KeyBanc Capital Markets -- Analyst
OK. Thank you.
Scott Salmirs -- President and Chief Executive Officer
Sure
Operator
Thak you. Our next question comes from the line of Marc Riddick with Sidoti and Company. Please proceed with your question.
Marc Riddick -- Sidoti and Company -- Analyst
Hi. Good morning.
Scott Salmirs -- President and Chief Executive Officer
Good morning.
Marc Riddick -- Sidoti and Company -- Analyst
I wanted to follow up on the conversation that was -- that you had about the rollout of the tag revenue of mobile efforts. And I wanted to get a little more detail around that as far as the timing, the region, the scope and maybe what type of goals that you have with that as far as being able to -- is it really more of an execution thing or more of a tool to drive greater engagement? Maybe we can put a little more around that.
Scott Salmirs -- President and Chief Executive Officer
Yes. It's really both of them. I'm excited for Investor Day because we're actually going to give you a demo of it. But it's -- so it's both.
It's going to ---I think it's going to drive business and it's also going to be for execution. So it's going to shorten the cycle between when you first give a quote for a tag and you execute on it, it's a big process between manual process, filling out the orders, getting the approvals. And now we're kind of doing it all in one mobile handheld. So it's just going to increase efficiency.
We believe the customers are going to love it. So I think it's going to help for stickiness with our clients and will differentiate us, we don't know anybody that has a tool like this. So we just started rolling it out this quarter. We're going to be rolling it out all through the first half of 2018.
So it's something, we will tell you, we have a lot of initiatives here and there are always mixed receptions, right? And this is one where there's kind of universal excitement about it because it's going to help our operators be more efficient and it's going to drive sales. So I can't wait to show you this on Investor Day.
Marc Riddick -- Sidoti and Company -- Analyst
OK, great. And then I know it's fairly early. But I was wondering if you could give us a sense of the -- as far as the integration, maybe some of the initial thoughts around the employees that are joining the firm on the GCA side of things and then maybe some initial thoughts as to how that part of the integration is going from a human resources standpoint.
Scott Salmirs -- President and Chief Executive Officer
Yes. So thanks. It's going really well so far. And think about the context, right? A $1 billion in business and 40,000 people across multiple industries.
So it's a big heavy lift, but it's going well. We've retained all the talent that we wanted to retain through our process, which is good. Our synergies right now are tracking on the high end of the range that we outlined. So all well there.
We've gotten our industry group presidents in place, particularly in education and our technology and manufacturing group, which is the bulk of where the GCA revenues landed. So we've got that in place. And we're in the final stages of remapping the accounts into the industry groups, so really good news to report there on all fronts. And we know there will always be bumps in the road as there are for a large-scale integration like this, but so far, there haven't been any.
So we're kind of knocking wood here, and we'll see what happens, but good news so far.
Operator
Thank you. There are no further questions at this time. I would like to turn the call back over to management for any closing remarks.
Scott Salmirs --President and Chief Executive Officer
Sure, thank you. Yes, so I do want to give a thank you to everyone for your support during the year. And I think it's real important at year-end to put the year in context, like move away from the quarter for a second and think about what we accomplished here. It's the first year we restructured the entire organization into industry groups, which was a monumental task, right? We started deploying standard operating practices across the platform.
We migrated shared services from 14 different accounting centers into one site in Houston. We started a procurement group that overdrove. We launched technology tools. We started refining our strategy by selling our government services business, which really didn't make sense for our platform.
We bought GCA, which really solidified the industry group pieces on how we can accelerate and now again, be No.1 in education, be No.1 in B&I, and be No.1 in aviation. Technical manufacturing, it's really what we've done this year, all in the backdrop of having three massive hurricanes. It's pretty impressive all while delivering growth, 3% growth and growing our margins. So we still have plenty of work to do here, and I hope that's always the theme at ABM.
But we are all working hard on your behalf and we just wanted you to know that. So we're enthusiastic about where we ended this year, we're enthusiastic about 2018, looking forward to the Investor Day. But between now and Investor Day, what I really hope most is that everyone has a really hot -- happy holiday season and gets to enjoy themselves a little bit because there's tons of work to do and tons of progress ahead of us here at ABM. So thanks, everybody.
Operator
Thank you. This concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation and have a wonderful day.
Duration: 54 minutes
Call Participants:
Susie Choi -- Head of Investor Relations
Scott Salmirs -- President and Chief Executive Officer
Anthony Sacglione -- Executive Vice President and Chief Financial Officer
Michael Gallo -- CL King -- Analyst
Andrew Wittman -- Robert W. Baird -- Analyst
Joe Box -- KeyBanc Capital Markets -- Analyst
Marc Riddick -- Sidoti and Company -- Analyst
More ABM analysis
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability.
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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 (NYSE: ABM) Q4 2017 Earnings Conference Call Dec. 14, 2017 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, welcome to ABM's Fourth-Quarter 2017 Conference Call. Fiscal 2017 was a momentous year for ABM. | Duration: 54 minutes Call Participants: Susie Choi -- Head of Investor Relations Scott Salmirs -- President and Chief Executive Officer Anthony Sacglione -- Executive Vice President and Chief Financial Officer Michael Gallo -- CL King -- Analyst Andrew Wittman -- Robert W. Baird -- Analyst Joe Box -- KeyBanc Capital Markets -- Analyst Marc Riddick -- Sidoti and Company -- Analyst More ABM analysis This article is a transcript of this conference call produced for The Motley Fool. ABM Industries (NYSE: ABM) Q4 2017 Earnings Conference Call Dec. 14, 2017 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, welcome to ABM's Fourth-Quarter 2017 Conference Call. | This new vertical incorporates our high tech industry group with ABM's legacy industrial and manufacturing business and GCA's industrial manufacturing business. Duration: 54 minutes Call Participants: Susie Choi -- Head of Investor Relations Scott Salmirs -- President and Chief Executive Officer Anthony Sacglione -- Executive Vice President and Chief Financial Officer Michael Gallo -- CL King -- Analyst Andrew Wittman -- Robert W. Baird -- Analyst Joe Box -- KeyBanc Capital Markets -- Analyst Marc Riddick -- Sidoti and Company -- Analyst More ABM analysis This article is a transcript of this conference call produced for The Motley Fool. ABM Industries (NYSE: ABM) Q4 2017 Earnings Conference Call Dec. 14, 2017 8:30 a.m. | Duration: 54 minutes Call Participants: Susie Choi -- Head of Investor Relations Scott Salmirs -- President and Chief Executive Officer Anthony Sacglione -- Executive Vice President and Chief Financial Officer Michael Gallo -- CL King -- Analyst Andrew Wittman -- Robert W. Baird -- Analyst Joe Box -- KeyBanc Capital Markets -- Analyst Marc Riddick -- Sidoti and Company -- Analyst More ABM analysis This article is a transcript of this conference call produced for The Motley Fool. ABM Industries (NYSE: ABM) Q4 2017 Earnings Conference Call Dec. 14, 2017 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, welcome to ABM's Fourth-Quarter 2017 Conference Call. |
29477.0 | 2017-12-14 00:00:00 UTC | Mid-Day Market Update: Pier 1 Imports Drops On Earnings Miss; Argenx Shares Surge | ABM | https://www.nasdaq.com/articles/mid-day-market-update-pier-1-imports-drops-earnings-miss-argenx-shares-surge-2017-12-14 | nan | nan | Midway through trading Thursday, the Dow traded up 0.11 percent to 24,612.75 while the NASDAQ climbed 0.22 percent to 6,891.07. The S&P also rose, gaining 0.05 percent to 2,664.09.
Leading and Lagging Sectors
On Thursday, the information technology sector proved to be a source of strength for the market. Leading the sector was strength from Mitel Networks Corp (NASDAQ: MITL ) and Veeco Instruments Inc. (NASDAQ: VECO ).
In trading on Thursday, telecommunication services shares fell 0.79 percent.
Top Headline
Walt Disney Co (NYSE: DIS ) confirmed Thursday it's entered into an agreement to acquire media and entertainment assets from Twenty-First Century Fox Inc (NASDAQ: FOXA ).
As part of the agreement, Disney will pay Fox's shareholders $52.4 billion or 0.2745 Disney shares for each 21st Century Fox share they hold to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses.
Fox's shareholders will receive 0.2745 Disney shares for each 21st Century Fox share they hold.
Equities Trading UP
Siebert Financial Corp. (NASDAQ: SIEB ) shares shot up 78 percent to $9.20 following news it will offer deeply discounted online trading of U.S. equities next year.
Shares of Schmitt Industries, Inc. (NASDAQ: SMIT ) got a boost, shooting up 57 percent to $3.84 after the company reported Q2 operating results.
ARGENX SE/S ADR (NASDAQ: ARGX ) shares were also up, gaining 21 percent to $63.67. Argenx priced its 4.44 million ADS offering at $52.00 per ADS.
Equities Trading DOWN
Pier 1 Imports Inc (NYSE: PIR ) shares dropped 30 percent to $4.11 after the company reported weaker-than-expected earnings for its third quarter and issued a weak fourth quarter and FY18 guidance.
Shares of Criteo SA (ADR) (NASDAQ: CRTO ) were down 27 percent to $23.21 after the company cut its 2018 revenue forecast following Apple's launch of iOS 11.2
ABM Industries, Inc. (NYSE: ABM ) was down, falling around 15 percent to $37.40 after the company posted weak Q4 earnings and issued a downbeat full-year forecast.
Commodities
In commodity news, oil traded down 0.48 percent to $56.87 while gold traded up 0.63 percent to $1,256.50.
Silver traded up 0.26 percent Thursday to $15.91, while copper rose 0.82 percent to $3.0785.
Eurozone
European shares were lower today. The eurozone's STOXX 600 declined 0.29 percent, the Spanish Ibex Index fell 0.62 percent, while Italy's FTSE MIB Index dipped 0.64 percent. Meanwhile the German DAX slipped 0.30 percent, and the French CAC 40 declined 0.62 percent while U.K. shares fell 0.65 percent.
Economics
U.S. jobless claims declined 11,000 to 225,000 in the latest week. However, economists were expecting claims to reach 239,000 last week.
U.S. retail sales rose 0.8 percent for November, versus economists' expectations for a 0.3 percent growth.
The import price index gained 0.7 percent in November, while export prices rose 0.5 percent last month.
The flash U.S. manufacturing PMI climbed to 55 in December, versus 53.9 in November. The flash U.S. services activity index declined to 52.4 from 54.5.
U.S. business inventories slipped 0.1 percent in October.
Domestic supplies of natural gas dropped 69 billion cubic feet for the week ended December 8, the U.S. Energy Information Administration reported. Analysts expected a decline of 63 billion cubic feet.
Data on money supply for the recent week will be released at 4:30 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares of Criteo SA (ADR) (NASDAQ: CRTO ) were down 27 percent to $23.21 after the company cut its 2018 revenue forecast following Apple's launch of iOS 11.2 ABM Industries, Inc. (NYSE: ABM ) was down, falling around 15 percent to $37.40 after the company posted weak Q4 earnings and issued a downbeat full-year forecast. Top Headline Walt Disney Co (NYSE: DIS ) confirmed Thursday it's entered into an agreement to acquire media and entertainment assets from Twenty-First Century Fox Inc (NASDAQ: FOXA ). Shares of Schmitt Industries, Inc. (NASDAQ: SMIT ) got a boost, shooting up 57 percent to $3.84 after the company reported Q2 operating results. | Shares of Criteo SA (ADR) (NASDAQ: CRTO ) were down 27 percent to $23.21 after the company cut its 2018 revenue forecast following Apple's launch of iOS 11.2 ABM Industries, Inc. (NYSE: ABM ) was down, falling around 15 percent to $37.40 after the company posted weak Q4 earnings and issued a downbeat full-year forecast. As part of the agreement, Disney will pay Fox's shareholders $52.4 billion or 0.2745 Disney shares for each 21st Century Fox share they hold to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses. Equities Trading DOWN Pier 1 Imports Inc (NYSE: PIR ) shares dropped 30 percent to $4.11 after the company reported weaker-than-expected earnings for its third quarter and issued a weak fourth quarter and FY18 guidance. | Shares of Criteo SA (ADR) (NASDAQ: CRTO ) were down 27 percent to $23.21 after the company cut its 2018 revenue forecast following Apple's launch of iOS 11.2 ABM Industries, Inc. (NYSE: ABM ) was down, falling around 15 percent to $37.40 after the company posted weak Q4 earnings and issued a downbeat full-year forecast. Midway through trading Thursday, the Dow traded up 0.11 percent to 24,612.75 while the NASDAQ climbed 0.22 percent to 6,891.07. The eurozone's STOXX 600 declined 0.29 percent, the Spanish Ibex Index fell 0.62 percent, while Italy's FTSE MIB Index dipped 0.64 percent. | Shares of Criteo SA (ADR) (NASDAQ: CRTO ) were down 27 percent to $23.21 after the company cut its 2018 revenue forecast following Apple's launch of iOS 11.2 ABM Industries, Inc. (NYSE: ABM ) was down, falling around 15 percent to $37.40 after the company posted weak Q4 earnings and issued a downbeat full-year forecast. Silver traded up 0.26 percent Thursday to $15.91, while copper rose 0.82 percent to $3.0785. However, economists were expecting claims to reach 239,000 last week. |
29478.0 | 2017-12-14 00:00:00 UTC | Mid-Afternoon Market Update: U.S. Stocks Turn Lower; ABM Industries Shares Slide | ABM | https://www.nasdaq.com/articles/mid-afternoon-market-update-us-stocks-turn-lower-abm-industries-shares-slide-2017-12-14 | nan | nan | Toward the end of trading Thursday, the Dow traded down 0.09 percent to 24,563.69 while the NASDAQ slipped 0.07 percent to 6,870.72. The S&P also fell, dropping 0.16 percent to 2,658.53.
Leading and Lagging Sectors
Thursday afternoon, the information technology sector proved to be a source of strength for the market. Leading the sector was strength from QuickLogic Corporation (NASDAQ: QUIK ) and Veeco Instruments Inc. (NASDAQ: VECO ).
In trading on Thursday, healthcare shares fell 0.88 percent.
Top Headline
Walt Disney Co (NYSE: DIS ) confirmed Thursday it's entered into an agreement to acquire media and entertainment assets from Twenty-First Century Fox Inc (NASDAQ: FOXA ).
As part of the agreement, Disney will pay Fox's shareholders $52.4 billion or 0.2745 Disney shares for each 21st Century Fox share they hold to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses.
Fox's shareholders will receive 0.2745 Disney shares for each 21st Century Fox share they hold.
Equities Trading UP
Siebert Financial Corp. (NASDAQ: SIEB ) shares shot up 61 percent to $8.30 following news it will offer deeply discounted online trading of U.S. equities next year.
Shares of Schmitt Industries, Inc. (NASDAQ: SMIT ) got a boost, shooting up 33 percent to $3.24 after the company reported Q2 operating results.
ARGENX SE/S ADR (NASDAQ: ARGX ) shares were also up, gaining 21 percent to $63.62. Argenx priced its 4.44 million ADS offering at $52.00 per ADS.
Equities Trading DOWN
Pier 1 Imports Inc (NYSE: PIR ) shares dropped 30 percent to $4.10 after the company reported weaker-than-expected earnings for its third quarter and issued a weak fourth quarter and FY18 guidance.
Shares of Criteo SA (ADR) (NASDAQ: CRTO ) were down 25 percent to $23.76 after the company cut its 2018 revenue forecast following Apple's launch of iOS 11.2
ABM Industries, Inc. (NYSE: ABM ) was down, falling around 16 percent to $36.98 after the company posted weak Q4 earnings and issued a downbeat full-year forecast.
Commodities
In commodity news, oil traded up 0.57 percent to $56.92 while gold traded up 0.67 percent to $1,257.00.
Silver traded up 0.38 percent Thursday to $15.93, while copper rose 0.69 percent to $3.0745.
Eurozone
European shares closed lower today. The eurozone's STOXX 600 declined 0.46 percent, the Spanish Ibex Index fell 0.82 percent, while Italy's FTSE MIB Index dipped 0.93 percent. Meanwhile the German DAX slipped 0.44 percent, and the French CAC 40 declined 0.78 percent while U.K. shares fell 0.65 percent.
Economics
U.S. jobless claims declined 11,000 to 225,000 in the latest week. However, economists were expecting claims to reach 239,000 last week.
U.S. retail sales rose 0.8 percent for November, versus economists' expectations for a 0.3 percent growth.
The import price index gained 0.7 percent in November, while export prices rose 0.5 percent last month.
The flash U.S. manufacturing PMI climbed to 55 in December, versus 53.9 in November. The flash U.S. services activity index declined to 52.4 from 54.5.
U.S. business inventories slipped 0.1 percent in October.
Domestic supplies of natural gas dropped 69 billion cubic feet for the week ended December 8, the U.S. Energy Information Administration reported. Analysts expected a decline of 63 billion cubic feet.
Data on money supply for the recent week will be released at 4:30 p.m. ET.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares of Criteo SA (ADR) (NASDAQ: CRTO ) were down 25 percent to $23.76 after the company cut its 2018 revenue forecast following Apple's launch of iOS 11.2 ABM Industries, Inc. (NYSE: ABM ) was down, falling around 16 percent to $36.98 after the company posted weak Q4 earnings and issued a downbeat full-year forecast. Top Headline Walt Disney Co (NYSE: DIS ) confirmed Thursday it's entered into an agreement to acquire media and entertainment assets from Twenty-First Century Fox Inc (NASDAQ: FOXA ). Shares of Schmitt Industries, Inc. (NASDAQ: SMIT ) got a boost, shooting up 33 percent to $3.24 after the company reported Q2 operating results. | Shares of Criteo SA (ADR) (NASDAQ: CRTO ) were down 25 percent to $23.76 after the company cut its 2018 revenue forecast following Apple's launch of iOS 11.2 ABM Industries, Inc. (NYSE: ABM ) was down, falling around 16 percent to $36.98 after the company posted weak Q4 earnings and issued a downbeat full-year forecast. As part of the agreement, Disney will pay Fox's shareholders $52.4 billion or 0.2745 Disney shares for each 21st Century Fox share they hold to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses. Equities Trading DOWN Pier 1 Imports Inc (NYSE: PIR ) shares dropped 30 percent to $4.10 after the company reported weaker-than-expected earnings for its third quarter and issued a weak fourth quarter and FY18 guidance. | Shares of Criteo SA (ADR) (NASDAQ: CRTO ) were down 25 percent to $23.76 after the company cut its 2018 revenue forecast following Apple's launch of iOS 11.2 ABM Industries, Inc. (NYSE: ABM ) was down, falling around 16 percent to $36.98 after the company posted weak Q4 earnings and issued a downbeat full-year forecast. Toward the end of trading Thursday, the Dow traded down 0.09 percent to 24,563.69 while the NASDAQ slipped 0.07 percent to 6,870.72. The eurozone's STOXX 600 declined 0.46 percent, the Spanish Ibex Index fell 0.82 percent, while Italy's FTSE MIB Index dipped 0.93 percent. | Shares of Criteo SA (ADR) (NASDAQ: CRTO ) were down 25 percent to $23.76 after the company cut its 2018 revenue forecast following Apple's launch of iOS 11.2 ABM Industries, Inc. (NYSE: ABM ) was down, falling around 16 percent to $36.98 after the company posted weak Q4 earnings and issued a downbeat full-year forecast. Toward the end of trading Thursday, the Dow traded down 0.09 percent to 24,563.69 while the NASDAQ slipped 0.07 percent to 6,870.72. However, economists were expecting claims to reach 239,000 last week. |
29479.0 | 2017-12-14 00:00:00 UTC | RSI Alert: ABM Industries Now Oversold | ABM | https://www.nasdaq.com/articles/rsi-alert-abm-industries-now-oversold-2017-12-14 | 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 $36.61 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 25.0 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 52.8. 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 0.7/share (currently paid in quarterly installments) works out to an annual yield of 1.60% based upon the recent $43.75 share price.
A bullish investor could look at ABM's 25.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABM is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
According to the ETF Finder at ETF Channel, ABM makes up 3.50% of the Environmental Services ETF (Symbol: EVX) which is trading relatively unchanged on the day Thursday.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 25.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making ABM Industries, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABM entered into oversold territory, changing hands as low as $36.61 per share. | ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. Indeed, ABM's recent annualized dividend of 0.7/share (currently paid in quarterly installments) works out to an annual yield of 1.60% based upon the recent $43.75 share price. 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 $36.61 per share. | In the case of ABM Industries, Inc., the RSI reading has hit 25.0 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 52.8. 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 $36.61 per share. | 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 $36.61 per share. In the case of ABM Industries, Inc., the RSI reading has hit 25.0 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 52.8. 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. |
29480.0 | 2017-12-14 00:00:00 UTC | 3 Stocks to Watch on Thursday: ABM Industries, Inc. (ABM), Aspen Group Inc (ASPU) and Nordson Corporation (NDSN) | ABM | https://www.nasdaq.com/articles/3-stocks-to-watch-on-thursday%3A-abm-industries-inc.-abm-aspen-group-inc-aspu-and-nordson | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Stocks were higher on Wednesday as the dollar was under pressure, while gold gained 0.6% and crude oil fell 0.9%. The S&P 500 Index lost 0.5%, the Dow Jones Industrial Average gained 0.4% and the Nasdaq Composite edged 0.2% higher.
Several companies reported on their latest quarters, including ABM Industries, Inc. (NYSE: ABM ), Aspen Group Inc (NASDAQ: ASPU ) and Nordson Corporation (NASDAQ: NDSN ).
Here's how they did:
ABM Industries, Inc. (ABM)
ABM Industries unveiled their latest results late yesterday .
For its fourth quarter of fiscal 2017, revenue surged 13.3% to $1.5 billion thanks in part to $178.5 million worth of acquisitions, including the purchase of GCA Services Group.
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Earnings came in at $23.5 million on an adjusted basis for the period, or 37 cents per share. A year ago, the company lost $29.2 million, or roughly 51 cents per share on an adjusted basis.
For the full fiscal year, ABM Industries garnered $5.5 billion in revenue, marking a 6% increase year-over-year. Adjusted earnings were 2.8% better to $101.9 million, or $1.75 per diluted share.
A year ago, the company's adjusted earnings were $99.2 million, or $1.74 per diluted share.
ABM stock fell 10% after the bell Wednesday.
Aspen Group Inc (ASPU)
Aspen Group reported on its second quarter of fiscal 2018.
The company unveiled revenue of $4.85 million, marking a 40% gain compared to the year-ago mark. Its GAAP Gross Profit was $2.86 million, which was 36% better than in the year-ago mark.
Aspen Group's net loss applicable to shareholders was $481,551, which was better than the $116,541 that the company lost in the year-ago quarter. Diluted earnings were a loss of four cents per share, compared to a breakeven quarter a year ago.
On an adjusted basis, the company earned $224,494 or 5% margin. Aspen's total active student body increased year-over-year from 3,726 to 5,641, marking a 51% growth year-over-year.
ASPU stock gained 4.3% after hours.
Nordson Corporation (NDSN)
Nordson Corporation reported on its latest quarter and fiscal year.
For its fourth quarter, sales gained 13% year-over-year to $574 million. Operating profit for the period gained 13% compared to the year-ago mark to roughly $125 million.
Diluted earnings were $1.37 per share for the company's last period of fiscal 2017, growing 5% year-over-year. EBITDA increased about 17% compared to the year-ago mark, growing to $150 million.
For the full year, revenue came in at $2.1 billion, including an organic growth of 8%. Its earnings surged 19% year-over-year, while its operating profit was 18% better compared to a year ago.
Adjusted earnings were 15% better to $5.37 per share, while full-year adjusted earnings included a charge of 18 cents per diluted share due to an intangible asset amortization expense.
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For its first quarter, the company sees its sales surging 30% to 34% compared to the year-ago mark, coming in at $1.29 to $1.39 per share.
NDSN shares popped 9.8% after Wednesday's market close.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
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The post 3 Stocks to Watch on Thursday: ABM Industries, Inc. (ABM), Aspen Group Inc (ASPU) and Nordson Corporation (NDSN) 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Several companies reported on their latest quarters, including ABM Industries, Inc. (NYSE: ABM ), Aspen Group Inc (NASDAQ: ASPU ) and Nordson Corporation (NASDAQ: NDSN ). Here's how they did: ABM Industries, Inc. (ABM) ABM Industries unveiled their latest results late yesterday . For the full fiscal year, ABM Industries garnered $5.5 billion in revenue, marking a 6% increase year-over-year. | Several companies reported on their latest quarters, including ABM Industries, Inc. (NYSE: ABM ), Aspen Group Inc (NASDAQ: ASPU ) and Nordson Corporation (NASDAQ: NDSN ). For the full fiscal year, ABM Industries garnered $5.5 billion in revenue, marking a 6% increase year-over-year. Here's how they did: ABM Industries, Inc. (ABM) ABM Industries unveiled their latest results late yesterday . | Several companies reported on their latest quarters, including ABM Industries, Inc. (NYSE: ABM ), Aspen Group Inc (NASDAQ: ASPU ) and Nordson Corporation (NASDAQ: NDSN ). More From InvestorPlace The 10 Best Mutual Funds to Buy for 2018 Take-Two Interactive Software, Inc Stock Is Not Worth the Risk Warren Buffett's 7 Best Stock Picks of 2017 Compare Brokers The post 3 Stocks to Watch on Thursday: ABM Industries, Inc. (ABM), Aspen Group Inc (ASPU) and Nordson Corporation (NDSN) appeared first on InvestorPlace . Here's how they did: ABM Industries, Inc. (ABM) ABM Industries unveiled their latest results late yesterday . | Several companies reported on their latest quarters, including ABM Industries, Inc. (NYSE: ABM ), Aspen Group Inc (NASDAQ: ASPU ) and Nordson Corporation (NASDAQ: NDSN ). Here's how they did: ABM Industries, Inc. (ABM) ABM Industries unveiled their latest results late yesterday . For the full fiscal year, ABM Industries garnered $5.5 billion in revenue, marking a 6% increase year-over-year. |
29481.0 | 2017-12-14 00:00:00 UTC | ABM Industries (ABM) Misses Q4 Earnings, Offers Guidance | ABM | https://www.nasdaq.com/articles/abm-industries-abm-misses-q4-earnings-offers-guidance-2017-12-14 | nan | nan | Business services provider ABM Industries IncorporatedABM recorded fourth-quarter fiscal 2017 (ended Oct 31, 2017) loss of $2.5 million or loss of 4 cents per share from continuing operations against net income of $9 million or 16 cents per share in the year-earlier quarter. Despite higher revenues, the significant turnaround in the bottom line was primarily attributable to high operating expenses.
Adjusted earnings (from continuing operations) for the reported quarter were $23.5 million or 37 cents per share compared with $29.2 million or 51 cents per share in the year-ago quarter. The year-over-year decrease in adjusted earnings was largely due to one-time acquisition costs of GCA Services and litigation costs related to the Aviation segment. Adjusted earnings for the quarter missed the Zacks Consensus Estimate by 9 cents.
For fiscal 2017, GAAP income from continuing operations improved to $78.1 million or $1.34 per share from $62.3 million or $1.09 per share in fiscal 2016. Adjusted income from continuing operations was $101.9 million or $1.75 per share compared with $99.2 million or $1.74 per share in fiscal 2016.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote
Top-Line Improvement
Revenues for the reported quarter increased 13.3% year over year to $1,497.9 million, largely driven by organic and inorganic growth. Organic growth improved 2.3% year over year while acquisitions contributed $178.5 million of incremental revenues during the quarter related to the GCA Services buyout. Organic growth in the Aviation segment was driven by higher passenger services, cabin cleaning, parking, catering and transportation services for new and existing customers. Organic growth in the Business & Industry segment was led by higher janitorial and facility services revenues in the U.S. and U.K. operations. Quarterly revenues exceeded the Zacks Consensus Estimate of $1,494 million.
For fiscal 2017, ABM reported revenues of approximately $5.5 billion, up 6% year over year, driven by $208.1 million of incremental revenues from acquisitions and organic revenue growth of 2.6%.
Operating profit declined to $4.4 million from $10.8 million in the year-ago period, owing to higher operating expenses. Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) for the reported quarter increased to $70.8 million from $61.5 million in the year-earlier quarter for respective margins of 4.7% and 4.6% owing to the newly-acquired GCA business, revenue contribution and higher procurement savings.
Financial Position
Cash and cash equivalents at fiscal 2017 end were $62.8 million compared with $53.5 million in the prior-year period, while total debt for the respective periods was $1,161.3 million and $268.3 million. Net cash from operating activities in fiscal 2017 was $5.6 million compared with $83.5 million in the year-ago period.
ABM increased its quarterly dividend by 3% year over year to 17.5 cents per share. This represented the 207th consecutive quarterly cash dividend for the company.
Guidance
In concurrence with the quarterly results, ABM offered guidance for fiscal 2018. GAAP income from continuing operations is expected to be within $1.33 to $1.43 per share, while adjusted income from continuing operations is anticipated to be in the range of $1.70 to $1.80 per share.
Management observed that fiscal 2017 was a significant year for ABM as it operated for the first time under its new vertical, industry group organizational structure. The company also launched the 'ABM Way' during fiscal 2017, which signifies the foundation steps of Phase II of its 2020 Vision strategy.
Going Forward
ABM's comprehensive, strategic and transformation initiative is focused on driving sustainable profitability by effectively allocating resources to higher margin services and business verticals with a strong competitive edge. We expect this to fuel the company's growth momentum in the coming quarters.
ABM currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Accenture plc ACN , NV5 Global, Inc. NVEE and CRA International, Inc. CRAI , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Accenture has a long-term earnings growth expectation of 10.3%. It has beaten earnings estimates in each of the trailing four quarters with a positive surprise of 2.6%.
NV5 Global has a long-term earnings growth expectation of 20%. It topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 4.5%.
CRA International topped estimates twice in the trailing four quarters with an average positive earnings surprise of 0.5%.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Management observed that fiscal 2017 was a significant year for ABM as it operated for the first time under its new vertical, industry group organizational structure. Going Forward ABM's comprehensive, strategic and transformation initiative is focused on driving sustainable profitability by effectively allocating resources to higher margin services and business verticals with a strong competitive edge. Business services provider ABM Industries IncorporatedABM recorded fourth-quarter fiscal 2017 (ended Oct 31, 2017) loss of $2.5 million or loss of 4 cents per share from continuing operations against net income of $9 million or 16 cents per share in the year-earlier quarter. | Business services provider ABM Industries IncorporatedABM recorded fourth-quarter fiscal 2017 (ended Oct 31, 2017) loss of $2.5 million or loss of 4 cents per share from continuing operations against net income of $9 million or 16 cents per share in the year-earlier quarter. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Top-Line Improvement Revenues for the reported quarter increased 13.3% year over year to $1,497.9 million, largely driven by organic and inorganic growth. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report CRA International,Inc. | Business services provider ABM Industries IncorporatedABM recorded fourth-quarter fiscal 2017 (ended Oct 31, 2017) loss of $2.5 million or loss of 4 cents per share from continuing operations against net income of $9 million or 16 cents per share in the year-earlier quarter. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Top-Line Improvement Revenues for the reported quarter increased 13.3% year over year to $1,497.9 million, largely driven by organic and inorganic growth. For fiscal 2017, ABM reported revenues of approximately $5.5 billion, up 6% year over year, driven by $208.1 million of incremental revenues from acquisitions and organic revenue growth of 2.6%. | Business services provider ABM Industries IncorporatedABM recorded fourth-quarter fiscal 2017 (ended Oct 31, 2017) loss of $2.5 million or loss of 4 cents per share from continuing operations against net income of $9 million or 16 cents per share in the year-earlier quarter. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Top-Line Improvement Revenues for the reported quarter increased 13.3% year over year to $1,497.9 million, largely driven by organic and inorganic growth. For fiscal 2017, ABM reported revenues of approximately $5.5 billion, up 6% year over year, driven by $208.1 million of incremental revenues from acquisitions and organic revenue growth of 2.6%. |
29482.0 | 2017-12-13 00:00:00 UTC | After-Hours Earnings Report for December 13, 2017 : NDSN, ABM, PIR, ASPU | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-december-13-2017-ndsn-abm-pir-aspu-2017-12-13 | nan | nan | The following companies are expected to report earnings after hours on 12/13/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Nordson Corporation ( NDSN ) is reporting for the quarter ending October 31, 2017. The machinery company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.32. This value represents a 5.04% decrease compared to the same quarter last year. In the past year NDSN has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 7.23%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for NDSN is 23.35 vs. an industry ratio of 25.40.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2017. The building maintenance & services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.46. This value represents a 9.80% decrease compared to the same quarter last year. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 23.69 vs. an industry ratio of 33.10.
Pier 1 Imports, Inc. ( PIR ) is reporting for the quarter ending November 30, 2017. The home furnishings company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.12. This value represents a 45.45% decrease compared to the same quarter last year. In the past year PIR has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 16.67%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for PIR is 12.70 vs. an industry ratio of 22.20.
Aspen Group Inc. ( ASPU ) is reporting for the quarter ending October 31, 2017. The internet services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.03. This value represents a 0.00% decrease compared to the same quarter last year. ASPU missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -100%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ASPU is -54.87 vs. an industry ratio of 33.80.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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, 2017. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 23.69 vs. an industry ratio of 33.10. | Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 23.69 vs. an industry ratio of 33.10. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2017. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. | ABM missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 23.69 vs. an industry ratio of 33.10. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2017. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2017. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.77%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 23.69 vs. an industry ratio of 33.10. |
29483.0 | 2017-12-13 00:00:00 UTC | Earnings Reaction History: ABM Industries Inc., 100.0% Follow-Through Indicator, 4.7% Sensitive | ABM | https://www.nasdaq.com/articles/earnings-reaction-history-abm-industries-inc-1000-follow-through-indicator-47-sensitive | nan | nan | Expected Earnings Release: 12/13/2017, After-hours
Avg. Extended-Hours Dollar Volume: $968,132
ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 100%
Average next regular session additional gain: 2.6%
Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 100%
Average next regular session additional loss: 5.3%
Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (1 event) the stock dropped further, adding to the extended-hours losses by an average of 5.3% by the following regular session close.
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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.
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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. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 5.3% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (1 event) the stock dropped further, adding to the extended-hours losses by an average of 5.3% by the following regular session close. Extended-Hours Dollar Volume: $968,132 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 5.3% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (1 event) the stock dropped further, adding to the extended-hours losses by an average of 5.3% by the following regular session close. Extended-Hours Dollar Volume: $968,132 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 5.3% Over that same historical period, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (1 event) the stock dropped further, adding to the extended-hours losses by an average of 5.3% by the following regular session close. Extended-Hours Dollar Volume: $968,132 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. | Extended-Hours Dollar Volume: $968,132 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 100% Average next regular session additional gain: 2.6% Over the prior three fiscal years (12 quarters), when shares of ABM rose in the extended-hours session in reaction to its earnings announcement, history shows that 100.0% of the time (3 events) the stock posted additional gains in the following regular session by an average of 2.6%. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. |
29484.0 | 2017-10-25 00:00:00 UTC | Lee Thomas H Partners Lp Buys INC Research Holdings Inc, ABM Industries Inc, Black Knight Inc, ... | ABM | https://www.nasdaq.com/articles/lee-thomas-h-partners-lp-buys-inc-research-holdings-inc-abm-industries-inc-black-knight | nan | nan | Lee Thomas H Partners Lp
New Purchases: INCR , ABM , BKI ,
Reduced Positions:FBP,
For the details of LEE THOMAS H PARTNERS LP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=LEE+THOMAS+H+PARTNERS+LP
These are the top 5 holdings of LEE THOMAS H PARTNERS LP
INC Research Holdings Inc ( INCR ) - 25,174,838 shares, 38.1% of the total portfolio. New Position
Party City Holdco Inc ( PRTY ) - 65,157,952 shares, 25.55% of the total portfolio.
West Corp (WSTC) - 18,099,239 shares, 12.29% of the total portfolio.
MoneyGram International Inc ( MGI ) - 23,604,607 shares, 11% of the total portfolio.
Fogo de Chao Inc ( FOGO ) - 17,053,123 shares, 6.12% of the total portfolio.
New Purchase: INC Research Holdings Inc ( INCR )
Lee Thomas H Partners Lp initiated holdings in INC Research Holdings Inc. The purchase prices were between $51.65 and $59.05, with an estimated average price of $55.86. The stock is now traded at around $55.50. The impact to the portfolio due to this purchase was 38.1%. The holdings were 25,174,838 shares as of 2017-09-30.
New Purchase: ABM Industries Inc ( ABM )
Lee Thomas H Partners Lp initiated holdings in ABM Industries Inc. The purchase prices were between $38.93 and $44.79, with an estimated average price of $42.6. The stock is now traded at around $42.22. The impact to the portfolio due to this purchase was 5.46%. The holdings were 4,523,870 shares as of 2017-09-30.
New Purchase: Black Knight Inc (BKI)
Lee Thomas H Partners Lp initiated holdings in Black Knight Inc. The purchase prices were between $40.7 and $44.75, with an estimated average price of $42.39. The stock is now traded at around $44.95. The impact to the portfolio due to this purchase was less than 0.01%. The holdings were 34,976,921 shares as of 2017-09-30.
INCR 15-Year Financial Data
The intrinsic value of INCR
Peter Lynch Chart of INCR
Premium Members
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Lee Thomas H Partners Lp New Purchases: INCR , ABM , BKI , Reduced Positions:FBP, For the details of LEE THOMAS H PARTNERS LP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=LEE+THOMAS+H+PARTNERS+LP These are the top 5 holdings of LEE THOMAS H PARTNERS LP INC Research Holdings Inc ( INCR ) - 25,174,838 shares, 38.1% of the total portfolio. New Purchase: ABM Industries Inc ( ABM ) Lee Thomas H Partners Lp initiated holdings in ABM Industries Inc. New Position Party City Holdco Inc ( PRTY ) - 65,157,952 shares, 25.55% of the total portfolio. | New Purchase: ABM Industries Inc ( ABM ) Lee Thomas H Partners Lp initiated holdings in ABM Industries Inc. Lee Thomas H Partners Lp New Purchases: INCR , ABM , BKI , Reduced Positions:FBP, For the details of LEE THOMAS H PARTNERS LP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=LEE+THOMAS+H+PARTNERS+LP These are the top 5 holdings of LEE THOMAS H PARTNERS LP INC Research Holdings Inc ( INCR ) - 25,174,838 shares, 38.1% of the total portfolio. New Purchase: INC Research Holdings Inc ( INCR ) Lee Thomas H Partners Lp initiated holdings in INC Research Holdings Inc. | Lee Thomas H Partners Lp New Purchases: INCR , ABM , BKI , Reduced Positions:FBP, For the details of LEE THOMAS H PARTNERS LP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=LEE+THOMAS+H+PARTNERS+LP These are the top 5 holdings of LEE THOMAS H PARTNERS LP INC Research Holdings Inc ( INCR ) - 25,174,838 shares, 38.1% of the total portfolio. New Purchase: ABM Industries Inc ( ABM ) Lee Thomas H Partners Lp initiated holdings in ABM Industries Inc. New Purchase: INC Research Holdings Inc ( INCR ) Lee Thomas H Partners Lp initiated holdings in INC Research Holdings Inc. | Lee Thomas H Partners Lp New Purchases: INCR , ABM , BKI , Reduced Positions:FBP, For the details of LEE THOMAS H PARTNERS LP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=LEE+THOMAS+H+PARTNERS+LP These are the top 5 holdings of LEE THOMAS H PARTNERS LP INC Research Holdings Inc ( INCR ) - 25,174,838 shares, 38.1% of the total portfolio. New Purchase: ABM Industries Inc ( ABM ) Lee Thomas H Partners Lp initiated holdings in ABM Industries Inc. New Position Party City Holdco Inc ( PRTY ) - 65,157,952 shares, 25.55% of the total portfolio. |
29485.0 | 2017-10-12 00:00:00 UTC | Gemmer Asset Management LLC Buys iShares North American Tech-Software, Adobe Systems Inc, ... | ABM | https://www.nasdaq.com/articles/gemmer-asset-management-llc-buys-ishares-north-american-tech-software-adobe-systems-inc | nan | nan | Gemmer Asset Management LLC
New Purchases: IGV , DWDP , MCHI , NOW, JSD, JSD, EEMV, CMRE, IYJ, VTEB,
Added Positions:SCHF, ADBE, SCHE, SCHA, SDOG, SCHB, SCHZ, SCHG, SCHV, SCPB,
Reduced Positions:DES, WY, GE, MUB, TSLA, BA, DXJ, XOM, BCC, NFLX,
Sold Out:EUFN, DD, RAD, RAI, EWN, EWD, EWG, EWQ, TCAP, PNRA,
For the details of Gemmer Asset Management LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Gemmer+Asset+Management+LLC
These are the top 5 holdings of Gemmer Asset Management LLC
ABM Industries Inc ( ABM ) - 555,524 shares, 9.88% of the total portfolio. Shares reduced by 0.05%
Schwab International Equity ( SCHF ) - 632,934 shares, 9.03% of the total portfolio. Shares added by 17.92%
Schwab U.S. Large-Cap Value ( SCHV ) - 301,020 shares, 6.65% of the total portfolio. Shares added by 2.89%
Schwab U.S. Small-Cap ( SCHA ) - 221,779 shares, 6.37% of the total portfolio. Shares added by 12.39%
Schwab U.S. Large-Cap Growth ( SCHG ) - 207,463 shares, 5.84% of the total portfolio. Shares added by 3.68%
New Purchase: iShares North American Tech-Software (IGV)
Gemmer Asset Management LLC initiated holdings in iShares North American Tech-Software. The purchase prices were between $134.86 and $149.2, with an estimated average price of $143.1. The stock is now traded at around $143.56. The impact to the portfolio due to this purchase was 3.41%. The holdings were 54,752 shares as of 2017-09-30.
New Purchase: DowDuPont Inc (DWDP)
Gemmer Asset Management LLC initiated holdings in DowDuPont Inc. The purchase prices were between $63.11 and $70.41, with an estimated average price of $65.88. The stock is now traded at around $71.40. The impact to the portfolio due to this purchase was 0.25%. The holdings were 8,409 shares as of 2017-09-30.
New Purchase: iShares MSCI China ETF (MCHI)
Gemmer Asset Management LLC initiated holdings in iShares MSCI China ETF. The purchase prices were between $54.24 and $64.38, with an estimated average price of $60.09. The stock is now traded at around $65.38. The impact to the portfolio due to this purchase was 0.07%. The holdings were 2,619 shares as of 2017-09-30.
New Purchase: ServiceNow Inc (NOW)
Gemmer Asset Management LLC initiated holdings in ServiceNow Inc. The purchase prices were between $103.58 and $117.78, with an estimated average price of $110.97. The stock is now traded at around $121.97. The impact to the portfolio due to this purchase was 0.05%. The holdings were 995 shares as of 2017-09-30.
New Purchase: iShares Edge MSCI Min Vol Emerging Markets (EEMV)
Gemmer Asset Management LLC initiated holdings in iShares Edge MSCI Min Vol Emerging Markets. The purchase prices were between $54.92 and $58.96, with an estimated average price of $57.44. The stock is now traded at around $57.68. The impact to the portfolio due to this purchase was 0.03%. The holdings were 1,165 shares as of 2017-09-30.
New Purchase: Nuveen Short Duration Credit Opportunities Fund of (JSD)
Gemmer Asset Management LLC initiated holdings in Nuveen Short Duration Credit Opportunities Fund of. The purchase prices were between $0 and $17.31, with an estimated average price of $1.64. The stock is now traded at around $17.36. The impact to the portfolio due to this purchase was 0.03%. The holdings were 4,566 shares as of 2017-09-30.
Added: Adobe Systems Inc (ADBE)
Gemmer Asset Management LLC added to the holdings in Adobe Systems Inc by 75.35%. The purchase prices were between $138.41 and $156.87, with an estimated average price of $149.16. The stock is now traded at around $153.61. The impact to the portfolio due to this purchase was 0.87%. The holdings were 31,905 shares as of 2017-09-30.
Added: Schwab Emerging Markets Equity (SCHE)
Gemmer Asset Management LLC added to the holdings in Schwab Emerging Markets Equity by 29.84%. The purchase prices were between $24.73 and $27.51, with an estimated average price of $26.46. The stock is now traded at around $27.66. The impact to the portfolio due to this purchase was 0.79%. The holdings were 300,298 shares as of 2017-09-30.
Added: ALPS Sector Dividend Dogs (SDOG)
Gemmer Asset Management LLC added to the holdings in ALPS Sector Dividend Dogs by 45.63%. The purchase prices were between $41.83 and $44.07, with an estimated average price of $42.99. The stock is now traded at around $44.50. The impact to the portfolio due to this purchase was 0.44%. The holdings were 73,763 shares as of 2017-09-30.
Added: Schwab US Aggregate Bond (SCHZ)
Gemmer Asset Management LLC added to the holdings in Schwab US Aggregate Bond by 26.11%. The purchase prices were between $51.97 and $52.79, with an estimated average price of $52.41. The stock is now traded at around $52.30. The impact to the portfolio due to this purchase was 0.23%. The holdings were 48,864 shares as of 2017-09-30.
Added: Merck & Co Inc (MRK)
Gemmer Asset Management LLC added to the holdings in Merck & Co Inc by 32.94%. The purchase prices were between $61.49 and $66.16, with an estimated average price of $63.55. The stock is now traded at around $63.83. The impact to the portfolio due to this purchase was 0.12%. The holdings were 17,272 shares as of 2017-09-30.
Added: Pfizer Inc (PFE)
Gemmer Asset Management LLC added to the holdings in Pfizer Inc by 31.25%. The purchase prices were between $32.67 and $35.99, with an estimated average price of $33.88. The stock is now traded at around $36.35. The impact to the portfolio due to this purchase was 0.12%. The holdings were 33,825 shares as of 2017-09-30.
Sold Out: iShares MSCI Europe Financials Sector Index Fund (EUFN)
Gemmer Asset Management LLC sold out the holdings in iShares MSCI Europe Financials Sector Index Fund. The sale prices were between $22.17 and $23.57, with an estimated average price of $22.85.
Sold Out: E.I. du Pont de Nemours & Co (DD)
Gemmer Asset Management LLC sold out the holdings in E.I. du Pont de Nemours & Co. The sale prices were between $80.81 and $85.49, with an estimated average price of $82.78.
Sold Out: Rite Aid Corp (RAD)
Gemmer Asset Management LLC sold out the holdings in Rite Aid Corp. The sale prices were between $1.96 and $2.73, with an estimated average price of $2.38.
Sold Out: iShares MSCI Germany Index Fund (EWG)
Gemmer Asset Management LLC sold out the holdings in iShares MSCI Germany Index Fund. The sale prices were between $30.18 and $32.43, with an estimated average price of $31.06.
Sold Out: Reynolds American Inc (RAI)
Gemmer Asset Management LLC sold out the holdings in Reynolds American Inc. The sale prices were between $63.94 and $66.89, with an estimated average price of $65.08.
Sold Out: iShares MSCI Netherlands Index Fund (EWN)
Gemmer Asset Management LLC sold out the holdings in iShares MSCI Netherlands Index Fund. The sale prices were between $28.88 and $31.46, with an estimated average price of $30.49.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Gemmer Asset Management LLC New Purchases: IGV , DWDP , MCHI , NOW, JSD, JSD, EEMV, CMRE, IYJ, VTEB, Added Positions:SCHF, ADBE, SCHE, SCHA, SDOG, SCHB, SCHZ, SCHG, SCHV, SCPB, Reduced Positions:DES, WY, GE, MUB, TSLA, BA, DXJ, XOM, BCC, NFLX, Sold Out:EUFN, DD, RAD, RAI, EWN, EWD, EWG, EWQ, TCAP, PNRA, For the details of Gemmer Asset Management LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Gemmer+Asset+Management+LLC These are the top 5 holdings of Gemmer Asset Management LLC ABM Industries Inc ( ABM ) - 555,524 shares, 9.88% of the total portfolio. Sold Out: iShares MSCI Europe Financials Sector Index Fund (EUFN) Gemmer Asset Management LLC sold out the holdings in iShares MSCI Europe Financials Sector Index Fund. du Pont de Nemours & Co (DD) Gemmer Asset Management LLC sold out the holdings in E.I. | Gemmer Asset Management LLC New Purchases: IGV , DWDP , MCHI , NOW, JSD, JSD, EEMV, CMRE, IYJ, VTEB, Added Positions:SCHF, ADBE, SCHE, SCHA, SDOG, SCHB, SCHZ, SCHG, SCHV, SCPB, Reduced Positions:DES, WY, GE, MUB, TSLA, BA, DXJ, XOM, BCC, NFLX, Sold Out:EUFN, DD, RAD, RAI, EWN, EWD, EWG, EWQ, TCAP, PNRA, For the details of Gemmer Asset Management LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Gemmer+Asset+Management+LLC These are the top 5 holdings of Gemmer Asset Management LLC ABM Industries Inc ( ABM ) - 555,524 shares, 9.88% of the total portfolio. New Purchase: iShares Edge MSCI Min Vol Emerging Markets (EEMV) Gemmer Asset Management LLC initiated holdings in iShares Edge MSCI Min Vol Emerging Markets. New Purchase: Nuveen Short Duration Credit Opportunities Fund of (JSD) Gemmer Asset Management LLC initiated holdings in Nuveen Short Duration Credit Opportunities Fund of. | Gemmer Asset Management LLC New Purchases: IGV , DWDP , MCHI , NOW, JSD, JSD, EEMV, CMRE, IYJ, VTEB, Added Positions:SCHF, ADBE, SCHE, SCHA, SDOG, SCHB, SCHZ, SCHG, SCHV, SCPB, Reduced Positions:DES, WY, GE, MUB, TSLA, BA, DXJ, XOM, BCC, NFLX, Sold Out:EUFN, DD, RAD, RAI, EWN, EWD, EWG, EWQ, TCAP, PNRA, For the details of Gemmer Asset Management LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Gemmer+Asset+Management+LLC These are the top 5 holdings of Gemmer Asset Management LLC ABM Industries Inc ( ABM ) - 555,524 shares, 9.88% of the total portfolio. Shares added by 3.68% New Purchase: iShares North American Tech-Software (IGV) Gemmer Asset Management LLC initiated holdings in iShares North American Tech-Software. Sold Out: iShares MSCI Europe Financials Sector Index Fund (EUFN) Gemmer Asset Management LLC sold out the holdings in iShares MSCI Europe Financials Sector Index Fund. | Gemmer Asset Management LLC New Purchases: IGV , DWDP , MCHI , NOW, JSD, JSD, EEMV, CMRE, IYJ, VTEB, Added Positions:SCHF, ADBE, SCHE, SCHA, SDOG, SCHB, SCHZ, SCHG, SCHV, SCPB, Reduced Positions:DES, WY, GE, MUB, TSLA, BA, DXJ, XOM, BCC, NFLX, Sold Out:EUFN, DD, RAD, RAI, EWN, EWD, EWG, EWQ, TCAP, PNRA, For the details of Gemmer Asset Management LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Gemmer+Asset+Management+LLC These are the top 5 holdings of Gemmer Asset Management LLC ABM Industries Inc ( ABM ) - 555,524 shares, 9.88% of the total portfolio. Shares added by 3.68% New Purchase: iShares North American Tech-Software (IGV) Gemmer Asset Management LLC initiated holdings in iShares North American Tech-Software. du Pont de Nemours & Co (DD) Gemmer Asset Management LLC sold out the holdings in E.I. |
29486.0 | 2017-10-10 00:00:00 UTC | ABM Industries (ABM) Down 3.1% Since Earnings Report: Can It Rebound? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-down-3.1-since-earnings-report%3A-can-it-rebound-2017-10-10 | nan | nan | It has been more than a month since the last earnings report for ABM Industries IncorporatedABM . Shares have lost about 3.1% in that time frame, outperforming the market.
Will the recent negative trend continue leading up to the stock's next earnings release, or is it 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 drivers.
ABM Industries Misses Q3 Earnings Despite Revenue Rise
ABM recorded third-quarter fiscal 2017 (ended Jul 31, 2017) net income of $32.9 million or 58 cents per share compared with $31.1 million or 55 cents per share in the year-earlier quarter. The year-over-year improvement in GAAP earnings was largely driven by higher revenues and lower selling, general and administrative expenses.
Adjusted earnings (from continuing operations) for the reported quarter were $29.1 million or 51 cents per share compared with $30.6 million or 54 cents per share in the year-ago quarter. The year-over-year decrease in adjusted earnings, despite top-line growth, was primarily attributable to the termination of a contract within the Aviation segment. Adjusted earnings for the quarter missed the Zacks Consensus Estimate by 2 cents.
Top-Line Improvement
Revenues for the reported quarter increased 1.7% year over year to $1,318.4 million, largely driven by higher organic and inorganic growth. Organic growth (excluding the Government Services business) improved 2.3% year over year while acquisitions contributed $8.7 million of incremental revenues during the quarter. The organic growth in the Aviation segment was driven by higher passenger services, cabin cleaning, parking, catering and transportation services for new and existing customers. The organic growth in the Business & Industry segment was led by higher janitorial and facility services revenues in the U.S. and U.K. operations. Quarterly revenues exceeded the Zacks Consensus Estimate of $1,317 million.
Operating profit improved to $22.6 million from $18.5 million in the year-ago period, owing to higher revenue contribution and organizational savings due to the Vision 2020 plan. Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) for the reported quarter decreased to $57.3 million from $61.1 million in the year-earlier quarter for respective margins of 4.3% and 4.7% owing to an additional working day during the quarter.
Acquisition
Subsequent to the quarter end, ABM completed the acquisition of GCA Services Group for approximately $1.3 billion. Founded in 2003, GCA Services is a leading national provider of quality facility services. It is a collaboration of various regional companies. GCA Services derives majority of its revenues from the education sector and aims to grow further as more school districts outsource their facility management to find savings to invest in teachers and equipment.
The deal is likely to expand ABM's foothold in the educational and commercial markets. In addition, the strategic transaction is expected to add approximately $1.1 billion in annual revenues and improve adjusted EBITDA by approximately $100 million. The acquisition is in tune with the core principles of the 2020 Vision and is likely to complement ABM's industry-focused, client-centric organizational structure, yielding cost synergies of approximately $20 million to $30 million by the second full year of ownership.
Financial Position
Cash and cash equivalents at the quarter end were $47.7 million with total debt aggregating $392.4 million. Net cash utilized by operating activities during the quarter was $22.8 million as against cash flow of $18.6 million in the prior-year period.
During the quarter, the company did not repurchase any shares under its share repurchase program. As of Jul 31, 2017, ABM had shares worth $134.1 million remaining for repurchase under its $200 million share buyback program.
How Have Estimates Been Moving Since Then?
Following the release, investors have witnessed a downward trend in fresh estimates. There has been one revision lower for the current quarter.
ABM Industries Incorporated Price and Consensus
ABM Industries Incorporated Price and Consensus | ABM Industries Incorporated Quote
VGM Scores
At this time, the stock has a poor Growth Score of F, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Our style scores indicate investors will probably be better served looking elsewhere.
Outlook
Estimates have been broadly trending downward for the stock and the magnitude of this revision also indicates a downward shift. It's no surprise that the stock has a Zacks Rank #5 (Strong Sell). We are looking for a below average return from the stock in the next few months.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | It has been more than a month since the last earnings report for ABM Industries IncorporatedABM . ABM Industries Misses Q3 Earnings Despite Revenue Rise ABM recorded third-quarter fiscal 2017 (ended Jul 31, 2017) net income of $32.9 million or 58 cents per share compared with $31.1 million or 55 cents per share in the year-earlier quarter. Acquisition Subsequent to the quarter end, ABM completed the acquisition of GCA Services Group for approximately $1.3 billion. | ABM Industries Misses Q3 Earnings Despite Revenue Rise ABM recorded third-quarter fiscal 2017 (ended Jul 31, 2017) net income of $32.9 million or 58 cents per share compared with $31.1 million or 55 cents per share in the year-earlier quarter. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated Price and Consensus | ABM Industries Incorporated Quote VGM Scores At this time, the stock has a poor Growth Score of F, a grade with the same score on the momentum front. It has been more than a month since the last earnings report for ABM Industries IncorporatedABM . | ABM Industries Misses Q3 Earnings Despite Revenue Rise ABM recorded third-quarter fiscal 2017 (ended Jul 31, 2017) net income of $32.9 million or 58 cents per share compared with $31.1 million or 55 cents per share in the year-earlier quarter. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated Price and Consensus | ABM Industries Incorporated Quote VGM Scores At this time, the stock has a poor Growth Score of F, a grade with the same score on the momentum front. It has been more than a month since the last earnings report for ABM Industries IncorporatedABM . | ABM Industries Misses Q3 Earnings Despite Revenue Rise ABM recorded third-quarter fiscal 2017 (ended Jul 31, 2017) net income of $32.9 million or 58 cents per share compared with $31.1 million or 55 cents per share in the year-earlier quarter. It has been more than a month since the last earnings report for ABM Industries IncorporatedABM . Acquisition Subsequent to the quarter end, ABM completed the acquisition of GCA Services Group for approximately $1.3 billion. |
29487.0 | 2017-10-04 00:00:00 UTC | New Strong Sell Stocks for October 4th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-october-4th-2017-10-04 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries IncorporatedABM is an integrated facility solutions provider. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 30 days.
Commercial Metals CompanyCMC is a manufacturer and marketer of steel and metal products. The Zacks Consensus Estimate for its current year earnings has been revised 3.3% downward over the last 30 days.
Genesco Inc.GCO is a retailer and wholesaler of footwear, apparel, and accessories. The Zacks Consensus Estimate for its current year earnings has been revised 2.8% downward over the last 30 days.
MaxLinear, Inc.MXL is a provider of radio-frequency and mixed-signal circuits. The Zacks Consensus Estimate for its current year earnings has been revised 0.7% downward over the last 30 days.
Newell Brands Inc.NWL is a global designer and distributor of consumer and commercial products. The Zacks Consensus Estimate for its current year earnings has been revised 3.9% downward over the last 30 days.
View the entire Zacks Rank #5 List .
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Newell Brands Inc. (NWL): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Genesco Inc. (GCO): Free Stock Analysis Report
Commercial Metals Company (CMC): Free Stock Analysis Report
MaxLinear, Inc (MXL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is an integrated facility solutions provider. Click to get this free report Newell Brands Inc. (NWL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Genesco Inc. (GCO): Free Stock Analysis Report Commercial Metals Company (CMC): Free Stock Analysis Report MaxLinear, Inc (MXL): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 30 days. | Click to get this free report Newell Brands Inc. (NWL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Genesco Inc. (GCO): Free Stock Analysis Report Commercial Metals Company (CMC): Free Stock Analysis Report MaxLinear, Inc (MXL): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is an integrated facility solutions provider. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 30 days. | Click to get this free report Newell Brands Inc. (NWL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Genesco Inc. (GCO): Free Stock Analysis Report Commercial Metals Company (CMC): Free Stock Analysis Report MaxLinear, Inc (MXL): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is an integrated facility solutions provider. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 30 days. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries IncorporatedABM is an integrated facility solutions provider. Click to get this free report Newell Brands Inc. (NWL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Genesco Inc. (GCO): Free Stock Analysis Report Commercial Metals Company (CMC): Free Stock Analysis Report MaxLinear, Inc (MXL): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List . |
29488.0 | 2017-10-03 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for October 04, 2017 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-october-04-2017-2017-10-03 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on October 04, 2017. A cash dividend payment of $0.17 per share is scheduled to be paid on November 06, 2017. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that ABM has paid the same dividend. At the current stock price of $42.38, the dividend yield is 1.6%.
The previous trading day's last sale of ABM was $42.38, representing a -6.07% decrease from the 52 week high of $45.12 and a 14.17% increase over the 52 week low of $37.12.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). ABM's current earnings per share, an indicator of a company's profitability, is $.27. Zacks Investment Research reports ABM's forecasted earnings growth in 2017 as 6.03%, compared to an industry average of 5.9%.
For more information on the declaration, record and payment dates, visit the ABM Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABM through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABM as a top-10 holding:
PowerShares S&P SmallCap Industrials Portfolio ( PSCI ).
The top-performing ETF of this group is PSCI with an increase of 10.3% over the last 100 days. It also has the highest percent weighting of ABM at 1.63%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). Zacks Investment Research reports ABM's forecasted earnings growth in 2017 as 6.03%, compared to an industry average of 5.9%. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | ABM's current earnings per share, an indicator of a company's profitability, is $.27. 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 ) will begin trading ex-dividend on October 04, 2017. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on October 04, 2017. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | ABM's current earnings per share, an indicator of a company's profitability, is $.27. The following ETF(s) have ABM as a top-10 holding: PowerShares S&P SmallCap Industrials Portfolio ( PSCI ). ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on October 04, 2017. |
29489.0 | 2017-10-02 00:00:00 UTC | ABM Industries (ABM) Shares Cross Above 200 DMA | ABM | https://www.nasdaq.com/articles/abm-industries-abm-shares-cross-above-200-dma-2017-10-02 | nan | nan | In trading on Monday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $42.02, changing hands as high as $42.35 per share. ABM Industries, Inc. shares are currently trading up about 1.5% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average:
Looking at the chart above, ABM's low point in its 52 week range is $37.12 per share, with $45.12 as the 52 week high point - that compares with a last trade of $42.34.
According to the ETF Finder at ETF Channel, ABM makes up 3.43% of the Environmental Services ETF (Symbol: EVX) which is trading up by about 0.8% on the day Monday.
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.
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 Monday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $42.02, changing hands as high as $42.35 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.12 per share, with $45.12 as the 52 week high point - that compares with a last trade of $42.34. ABM Industries, Inc. shares are currently trading up about 1.5% on the day. | In trading on Monday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $42.02, changing hands as high as $42.35 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.12 per share, with $45.12 as the 52 week high point - that compares with a last trade of $42.34. ABM Industries, Inc. shares are currently trading up about 1.5% on the day. | In trading on Monday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $42.02, changing hands as high as $42.35 per share. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.12 per share, with $45.12 as the 52 week high point - that compares with a last trade of $42.34. ABM Industries, Inc. shares are currently trading up about 1.5% on the day. | In trading on Monday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $42.02, changing hands as high as $42.35 per share. ABM Industries, Inc. shares are currently trading up about 1.5% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $37.12 per share, with $45.12 as the 52 week high point - that compares with a last trade of $42.34. |
29490.0 | 2017-09-27 00:00:00 UTC | New Strong Sell Stocks for September 27th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-september-27th-2017-09-27 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
A-Mark Precious Metals IncAMRK is a precious metal trading company. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days.
ABM Industries, Inc.ABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 60 days.
Apollo Commercial Real Est. Finance IncARI is a real estate investment trust. The Zacks Consensus Estimate for its current year earnings has been revised 3.2% downward over the last 60 days.
Arbor Realty Trust IncABR invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets. The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 60 days.
Ball CorporationBLL is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Zacks Consensus Estimate for its current year earnings has been revised almost 6% downward over the last 60 days.
View the entire Zacks Rank #5 List .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 a provider of integrated facility solutions. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ball Corporation (BLL): Free Stock Analysis Report A-Mark Precious Metals, Inc. (AMRK): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Apollo Commercial Real Estate Finance (ARI): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ball Corporation (BLL): Free Stock Analysis Report A-Mark Precious Metals, Inc. (AMRK): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Apollo Commercial Real Estate Finance (ARI): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries, Inc.ABM is a provider of integrated facility solutions. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: A-Mark Precious Metals IncAMRK is a precious metal trading company. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ball Corporation (BLL): Free Stock Analysis Report A-Mark Precious Metals, Inc. (AMRK): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Apollo Commercial Real Estate Finance (ARI): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries, Inc.ABM is a provider of integrated facility solutions. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days. | ABM Industries, Inc.ABM is a provider of integrated facility solutions. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Ball Corporation (BLL): Free Stock Analysis Report A-Mark Precious Metals, Inc. (AMRK): Free Stock Analysis Report Arbor Realty Trust (ABR): Free Stock Analysis Report Apollo Commercial Real Estate Finance (ARI): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: A-Mark Precious Metals IncAMRK is a precious metal trading company. |
29491.0 | 2017-09-11 00:00:00 UTC | ABM Industries Poised to Benefit From Inorganic Strategies | ABM | https://www.nasdaq.com/articles/abm-industries-poised-to-benefit-from-inorganic-strategies-2017-09-11 | nan | nan | On Sep 11, we updated the research report on business services provider, ABM Industries IncorporatedABM .
ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure to an on-site, mobile and on-demand market- based structure. This realignment has improved its long-term growth prospects and provides higher margin opportunities by enabling it to better deliver end-to-end services to its clients across urban, suburban and rural areas. The company further expects to extend its global footprint and strengthen its position in existing markets through both inorganic and organic growth across the industry verticals.
ABM recently completed the acquisition of GCA Services Group for approximately $1.3 billion. Founded in 2003, GCA Services is a leading national provider of quality facility services. It is a collaboration of various regional companies. GCA Services derives majority of its revenues from the education sector and aims to grow further as more school districts outsource their facility management to invest in teachers and equipment.
The deal is likely to expand ABM's foothold in the educational and commercial markets. In addition, the strategic transaction is expected to add approximately $1.1 billion in annual revenues and improve adjusted EBITDA by approximately $100 million. The acquisition is in sync with the core principles of the 2020 Vision and is likely to complement ABM's industry-focused, client-centric organizational structure, yielding cost synergies of approximately $20 million to $30 million by the second full year of ownership.
The 2020 Vision plan of the company outlines its vision for the next five years. The plan hinges on three primary phases, the first of which is aimed to increase the efficiency of the company through diligent execution of the operating plan and stringent cost-reduction activities. The second phase will focus on driving growth across the realigned verticals through effective realization of the cost savings from procurement, account management and other organizational changes. The final phase of the transformation will include accelerated growth impetus from the vertical alignment and account planning systems with a continuous focus on additional cost savings. ABM is currently focusing on the second phase of the plan and remains confident of achieving $40-$50 million in savings through operational efficiencies by the end of 2017.
ABM has a healthy pipeline of future businesses with strength seen particularly in its government business. The company's comprehensive, strategic and transformative initiatives are focused on driving sustainable profitability by effectively allocating resources to higher margin services and business verticals with a strong competitive edge. Management also reiterated that corporate restructuring initiatives are well on track to yield sustained long-term growth.
However, ABM has underperformed the industry with an average year-to-date decline of 1.6% as against a gain of 15.8% for the latter. ABM has a significant presence in the U.K. and as the European economy is highly unpredictable post the Brexit referendum, it becomes difficult for the company to increase revenues and reduce costs. The company is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering the productivity of the company. Strong competitive pressures could also limit the company's success rate in bidding for profitable businesses and its ability to increase prices in accordance with the rising costs.
Nevertheless, we remain impressed with the long-term growth potential of this Zacks Rank #3 (Hold) stock. Better-ranked stocks in the industry include Accenture plc ACN , PageGroup plc MPGPF and Rollins, Inc. ROL , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Accenture has a long-term earnings growth expectation of 10.3%. It has beaten earnings estimates in each of the trailing four quarters with a positive surprise of 2.6%.
PageGroup has a long-term earnings growth expectation of 15%.
Rollins is currently trading at a forward P/E of 51.5x.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Sep 11, we updated the research report on business services provider, ABM Industries IncorporatedABM . ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure to an on-site, mobile and on-demand market- based structure. ABM recently completed the acquisition of GCA Services Group for approximately $1.3 billion. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report PAGEGROUP PLC (MPGPF): Free Stock Analysis Report To read this article on Zacks.com click here. On Sep 11, we updated the research report on business services provider, ABM Industries IncorporatedABM . ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure to an on-site, mobile and on-demand market- based structure. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report PAGEGROUP PLC (MPGPF): Free Stock Analysis Report To read this article on Zacks.com click here. On Sep 11, we updated the research report on business services provider, ABM Industries IncorporatedABM . ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure to an on-site, mobile and on-demand market- based structure. | On Sep 11, we updated the research report on business services provider, ABM Industries IncorporatedABM . ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure to an on-site, mobile and on-demand market- based structure. ABM recently completed the acquisition of GCA Services Group for approximately $1.3 billion. |
29492.0 | 2017-09-07 00:00:00 UTC | ABM Industries (ABM) Misses Q3 Earnings Despite Revenue Rise | ABM | https://www.nasdaq.com/articles/abm-industries-abm-misses-q3-earnings-despite-revenue-rise-2017-09-07 | nan | nan | Business services provider ABM Industries IncorporatedABM recorded third-quarter fiscal 2017 (ended Jul 31, 2017) net income of $32.9 million or 58 cents per share compared with $31.1 million or 55 cents per share in the year-earlier quarter. The year-over-year improvement in GAAP earnings was largely driven by higher revenues and lower selling, general and administrative expenses.
Adjusted earnings (from continuing operations) for the reported quarter were $29.1 million or 51 cents per share compared with $30.6 million or 54 cents per share in the year-ago quarter. The year-over-year decrease in adjusted earnings, despite top-line growth, was primarily attributable to the termination of a contract within the Aviation segment. Adjusted earnings for the quarter missed the Zacks Consensus Estimate by 2 cents.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote
Top-Line Improvement
Revenues for the reported quarter increased 1.7% year over year to $1,318.4 million, largely driven by higher organic and inorganic growth. Organic growth (excluding the Government Services business) improved 2.3% year over year while acquisitions contributed $8.7 million of incremental revenues during the quarter. The organic growth in the Aviation segment was driven by higher passenger services, cabin cleaning, parking, catering and transportation services for new and existing customers. The organic growth in the Business & Industry segment was led by higher janitorial and facility services revenues in the U.S. and U.K. operations. Quarterly revenues exceeded the Zacks Consensus Estimate of $1,317 million.
Operating profit improved to $22.6 million from $18.5 million in the year-ago period, owing to higher revenue contribution and organizational savings due to the Vision 2020 plan. Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) for the reported quarter decreased to $57.3 million from $61.1 million in the year-earlier quarter for respective margins of 4.3% and 4.7% owing to an additional working day during the quarter.
Acquisition
Subsequent to the quarter end, ABM completed the acquisition of GCA Services Group for approximately $1.3 billion. Founded in 2003, GCA Services is a leading national provider of quality facility services. It is a collaboration of various regional companies. GCA Services derives majority of its revenues from the education sector and aims to grow further as more school districts outsource their facility management to find savings to invest in teachers and equipment.
The deal is likely to expand ABM's foothold in the educational and commercial markets. In addition, the strategic transaction is expected to add approximately $1.1 billion in annual revenues and improve adjusted EBITDA by approximately $100 million. The acquisition is in tune with the core principles of the 2020 Vision and is likely to complement ABM's industry-focused, client-centric organizational structure, yielding cost synergies of approximately $20 million to $30 million by the second full year of ownership.
Financial Position
Cash and cash equivalents at the quarter end were $47.7 million with total debt aggregating $392.4 million. Net cash utilized by operating activities during the quarter was $22.8 million as against cash flow of $18.6 million in the prior-year period.
During the quarter, the company did not repurchase any shares under its share repurchase program. As of Jul 31, 2017, ABM had shares worth $134.1 million remaining for repurchase under its $200 million share buyback program.
Going Forward
ABM's comprehensive, strategic and transformation initiative is focused on driving sustainable profitability by effectively allocating resources to higher margin services and business verticals with a strong competitive edge. We expect this to fuel the company's growth momentum in the coming quarters.
ABM currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Accenture plc ACN , PageGroup plc MPGPF and Rollins, Inc. ROL , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Accenture has a long-term earnings growth expectation of 10.3%. It has beaten earnings estimates in each of the trailing four quarters with a positive surprise of 2.6%.
PageGroup has a long-term earnings growth expectation of 15%.
Rollins is currently trading at a forward P/E of 51.5x.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Going Forward ABM's comprehensive, strategic and transformation initiative is focused on driving sustainable profitability by effectively allocating resources to higher margin services and business verticals with a strong competitive edge. Business services provider ABM Industries IncorporatedABM recorded third-quarter fiscal 2017 (ended Jul 31, 2017) net income of $32.9 million or 58 cents per share compared with $31.1 million or 55 cents per share in the year-earlier quarter. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Top-Line Improvement Revenues for the reported quarter increased 1.7% year over year to $1,318.4 million, largely driven by higher organic and inorganic growth. | ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Top-Line Improvement Revenues for the reported quarter increased 1.7% year over year to $1,318.4 million, largely driven by higher organic and inorganic growth. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report PAGEGROUP PLC (MPGPF): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries IncorporatedABM recorded third-quarter fiscal 2017 (ended Jul 31, 2017) net income of $32.9 million or 58 cents per share compared with $31.1 million or 55 cents per share in the year-earlier quarter. | ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Top-Line Improvement Revenues for the reported quarter increased 1.7% year over year to $1,318.4 million, largely driven by higher organic and inorganic growth. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report PAGEGROUP PLC (MPGPF): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries IncorporatedABM recorded third-quarter fiscal 2017 (ended Jul 31, 2017) net income of $32.9 million or 58 cents per share compared with $31.1 million or 55 cents per share in the year-earlier quarter. | Business services provider ABM Industries IncorporatedABM recorded third-quarter fiscal 2017 (ended Jul 31, 2017) net income of $32.9 million or 58 cents per share compared with $31.1 million or 55 cents per share in the year-earlier quarter. ABM Industries Incorporated Price, Consensus and EPS Surprise ABM Industries Incorporated Price, Consensus and EPS Surprise | ABM Industries Incorporated Quote Top-Line Improvement Revenues for the reported quarter increased 1.7% year over year to $1,318.4 million, largely driven by higher organic and inorganic growth. Acquisition Subsequent to the quarter end, ABM completed the acquisition of GCA Services Group for approximately $1.3 billion. |
29493.0 | 2017-09-07 00:00:00 UTC | ABM Industries Enters Oversold Territory | ABM | https://www.nasdaq.com/articles/abm-industries-enters-oversold-territory-2017-09-07 | 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 $37.12 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 26.8 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 49.3. 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 0.68/share (currently paid in quarterly installments) works out to an annual yield of 1.54% based upon the recent $44.14 share price.
A bullish investor could look at ABM's 26.8 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.
According to the ETF Finder at ETF Channel, ABM makes up 1092487.92% of the SPDR S&P Dividend ETF (Symbol: SDY) which is trading lower by about 0.3% on the day Thursday.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 26.8 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 $37.12 per share. | ABM Industries, Inc. (Symbol: ABM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. Indeed, ABM's recent annualized dividend of 0.68/share (currently paid in quarterly installments) works out to an annual yield of 1.54% based upon the recent $44.14 share price. 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 $37.12 per share. | In the case of ABM Industries, Inc., the RSI reading has hit 26.8 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 49.3. 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 $37.12 per share. | 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 $37.12 per share. In the case of ABM Industries, Inc., the RSI reading has hit 26.8 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 49.3. 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. |
29494.0 | 2017-09-07 00:00:00 UTC | Mid-Morning Market Update: Markets Edge Lower; Conn's Profit Beats Views | ABM | https://www.nasdaq.com/articles/mid-morning-market-update-markets-edge-lower-conns-profit-beats-views-2017-09-07 | nan | nan | Following the market opening Thursday, the Dow traded down 0.13 percent to 21,778.58 while the NASDAQ declined 0.11 percent to 6,386.33. The S&P also fell, dropping 0.12 percent to 2,462.70.
Leading and Lagging Sectors
Thursday morning, the non-cyclical consumer goods & services shares surged 0.54 percent.
In trading on Thursday, financial shares fell 0.38 percent. Meanwhile, top losers in the sector included Federated National Holding Co (NASDAQ: FNHC ), down 7 percent, and Aspen Insurance Holdings Limited (NYSE: AHL ) down 7 percent.
Top Headline
Conn's Inc (NASDAQ: CONN ) reported better-than-expected earnings for its second quarter.
Conn's reported a Q2 adjusted profit of $0.26 per share on revenue of $366.6 million. However, analysts were expecting a loss at $0.02 per share on revenue of $371.91 million.
Equities Trading UP
RH (NYSE: RH ) shares shot up 45 percent to $71.67 after the company reported better-than-expected results for its second quarter and raised its FY2017 outlook.
Shares of NewLink Genetics Corp (NASDAQ: NLNK ) got a boost, shooting up 25 percent to $9.76 after the company offered updated data for indoximod plus KEYTRUDA. The updated data showed improvement of response rate for patients in advanced melanoma.
Verona Pharma plc (NASDAQ: VRNA ) shares were also up, gaining 26 percent to $15.26 after the company disclosed positive top-line data from Phase 2a clinical trial in COPD with RPL554 dosed in addition to tiotropium.
Equities Trading DOWN
NCI Building Systems Inc (NYSE: NCS ) shares dropped 19 percent to $13.55 after the company reported weaker-than-expected quarterly results.
Shares of Cellect Biotechnology Ltd. (NASDAQ: APOP ) were down 12 percent to $8.60. Cellect Biotechnology reported a $4.3 million raise in a registered direct offering.
ABM Industries, Inc. (NYSE: ABM ) was down, falling around 11 percent to $39.07 after the company reported weaker-than-expected profit for its third quarter.
Commodities
In commodity news, oil traded down 0.96 percent to $48.69 while gold traded up 0.42 percent to $1,344.60.
Silver traded up 0.39 percent Thursday to $17.98, while copper fell 0.86 percent to $3.1245.
Eurozone
European shares were higher today. The eurozone's STOXX 600 rose 0.41 percent, the Spanish Ibex Index rose 0.18 percent, while Italy's FTSE MIB Index gained 0.03 percent. Meanwhile the German DAX climbed 0.96 percent, and the French CAC 40 rose 0.70 percent while U.K. shares rose 0.45 percent.
Economics
Initial jobless claims rose 62,000 to 298,000 in the latest week. However, economists were expecting claims to reach 241,000 last week.
U.S. nonfarm productivity rose 1.50 percent for the second quarter, versus economists' expectations for a 1.30 percent growth.
The Energy Information Administration's weekly report on natural gas stocks in underground storage will be released at 10:30 a.m. ET.
The EIA's weekly report on petroleum inventories is schedule for release at 11:00 a.m. ET.
Cleveland Federal Reserve Bank President Loretta Mester is set to speak in Pittsburgh at 12:15 p.m. ET.
Data on money supply for the recent week will be released at 4:30 p.m. ET.
Atlanta Federal Reserve Bank President Raphael Bostic will speak in Atlanta at 7:00 p.m. ET.
President Federal Reserve Bank of New York William Dudley is set to speak in New York at 7:00 p.m. ET.
Kansas City Federal Reserve Bank President Esther George will speak in Omaha at 8:15 p.m. ET.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The 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 ) was down, falling around 11 percent to $39.07 after the company reported weaker-than-expected profit for its third quarter. Shares of NewLink Genetics Corp (NASDAQ: NLNK ) got a boost, shooting up 25 percent to $9.76 after the company offered updated data for indoximod plus KEYTRUDA. Verona Pharma plc (NASDAQ: VRNA ) shares were also up, gaining 26 percent to $15.26 after the company disclosed positive top-line data from Phase 2a clinical trial in COPD with RPL554 dosed in addition to tiotropium. | ABM Industries, Inc. (NYSE: ABM ) was down, falling around 11 percent to $39.07 after the company reported weaker-than-expected profit for its third quarter. Equities Trading UP RH (NYSE: RH ) shares shot up 45 percent to $71.67 after the company reported better-than-expected results for its second quarter and raised its FY2017 outlook. Equities Trading DOWN NCI Building Systems Inc (NYSE: NCS ) shares dropped 19 percent to $13.55 after the company reported weaker-than-expected quarterly results. | ABM Industries, Inc. (NYSE: ABM ) was down, falling around 11 percent to $39.07 after the company reported weaker-than-expected profit for its third quarter. Meanwhile, top losers in the sector included Federated National Holding Co (NASDAQ: FNHC ), down 7 percent, and Aspen Insurance Holdings Limited (NYSE: AHL ) down 7 percent. The eurozone's STOXX 600 rose 0.41 percent, the Spanish Ibex Index rose 0.18 percent, while Italy's FTSE MIB Index gained 0.03 percent. | ABM Industries, Inc. (NYSE: ABM ) was down, falling around 11 percent to $39.07 after the company reported weaker-than-expected profit for its third quarter. In trading on Thursday, financial shares fell 0.38 percent. Conn's reported a Q2 adjusted profit of $0.26 per share on revenue of $366.6 million. |
29495.0 | 2017-09-06 00:00:00 UTC | After-Hours Earnings Report for September 6, 2017 : GWRE, VRNT, ABM, DSGX, KFY, RH, NCS, NX, MTRX, EPM, CMFN, SEAC | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-september-6-2017-gwre-vrnt-abm-dsgx-kfy-rh-ncs-nx-mtrx-epm | nan | nan | The following companies are expected to report earnings after hours on 09/06/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
Guidewire Software, Inc. ( GWRE ) is reporting for the quarter ending July 31, 2017. The business software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.23. This value represents a no change for the same quarter last year. In the past year GWRE has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 111.11%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for GWRE is 342.18 vs. an industry ratio of 33.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Verint Systems Inc. ( VRNT ) is reporting for the quarter ending July 31, 2017. The computer software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.21. This value represents a 34.38% decrease compared to the same quarter last year. VRNT missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -15.79%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for VRNT is 22.97 vs. an industry ratio of 45.80.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2017. The building maintenance & services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.53. This value represents a 1.85% decrease compared to the same quarter last year. In the past year ABM has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 23.42 vs. an industry ratio of 22.50, implying that they will have a higher earnings growth than their competitors in the same industry.
The Descartes Systems Group Inc. ( DSGX ) is reporting for the quarter ending July 31, 2017. The computer software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.10. This value represents a 25.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for DSGX is 66.16 vs. an industry ratio of 45.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Korn/Ferry International ( KFY ) is reporting for the quarter ending July 31, 2017. The staffing company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.53. This value represents a 1.92% increase compared to the same quarter last year. KFY missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -1.89%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for KFY is 13.60 vs. an industry ratio of 14.20.
RH ( RH ) is reporting for the quarter ending July 31, 2017. The home furnishings company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.47. This value represents a 23.68% increase compared to the same quarter last year. In the past year RH has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for RH is 24.03 vs. an industry ratio of 19.40, implying that they will have a higher earnings growth than their competitors in the same industry.
NCI Building Systems, Inc. ( NCS ) is reporting for the quarter ending July 31, 2017. The building company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.31. This value represents a 6.06% decrease compared to the same quarter last year. NCS missed the consensus earnings per share in the 4th calendar quarter of 2016 by -15.15%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for NCS is 16.49 vs. an industry ratio of 18.10.
Quanex Building Products Corporation ( NX ) is reporting for the quarter ending July 31, 2017. The building company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.34. This value represents a 13.33% increase compared to the same quarter last year. NX missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -6.25%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for NX is 23.41 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Matrix Service Company ( MTRX ) is reporting for the quarter ending June 30, 2017. The oil field machinery & equipment company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.02. This value represents a 105.88% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for MTRX is 1215.00 vs. an industry ratio of 95.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Evolution Petroleum Corporation, Inc. ( EPM ) is reporting for the quarter ending June 30, 2017. The consensus earnings per share forecast from the 2 analysts that follow the stock is $0.07. EPM reported earnings of $0.09 per share for the same quarter a year ago; representing a a decrease of -22.22%.
CM Finance Inc ( CMFN ) is reporting for the quarter ending June 30, 2017. The financial services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.25. This value represents a 21.88% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for CMFN is 8.81 vs. an industry ratio of 10.70.
SeaChange International, Inc. ( SEAC ) is reporting for the quarter ending July 31, 2017. The communications company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.07. This value represents a 70.83% increase compared to the same quarter last year. SEAC missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -9.09%. The "days to cover" for this stock exceeds 25 days. Zacks Investment Research reports that the 2018 Price to Earnings ratio for SEAC is -29.33 vs. an industry ratio of -41.70, 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2017. In the past year ABM has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 23.42 vs. an industry ratio of 22.50, implying that they will have a higher earnings growth than their competitors in the same industry. | Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 23.42 vs. an industry ratio of 22.50, 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 July 31, 2017. In the past year ABM has met analyst expectations once and beat the expectations the other three quarters. | Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 23.42 vs. an industry ratio of 22.50, 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 July 31, 2017. In the past year ABM has met analyst expectations once and beat the expectations the other three quarters. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2017. In the past year ABM has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 23.42 vs. an industry ratio of 22.50, implying that they will have a higher earnings growth than their competitors in the same industry. |
29496.0 | 2017-08-18 00:00:00 UTC | ABM Industries Augments UK Footprint With Key Contract Wins | ABM | https://www.nasdaq.com/articles/abm-industries-augments-uk-footprint-with-key-contract-wins-2017-08-18 | nan | nan | Leading provider of facility solutions, ABM Industries IncorporatedABM recently extended its footprint in the U.K. with key contract wins across the country. The company reportedly secured contracts worth $100 million (£75 million) in annualized revenues to consolidate its regional presence.
These include a five-year contract for facilities services from Transport for London, the government organization responsible for London's transport system. Per the contract, ABM will be responsible for the cleaning of Tube stations, trains, bus depots, head office buildings and the London Transport Museum. In addition to being associated with iconic sites and public transport facilities, the contract offers ABM the opportunity to boost the regional economy by employing approximately 3,000 people.
ABM also won lucrative contracts from Thomas More Square, the Belfry Shopping Centre and Wagamama restaurants in London. Further, the company was awarded a three-year contract by retail shopping center, The Centre, in Livingston, Scotland. The contract offers ABM the opportunity to provide various services like cleaning, security, customer service and facilities management.
ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure to an on-site, mobile and on-demand market- based structure. This realignment has improved its long-term growth prospects and provides higher margin opportunities by enabling it to better deliver end-to-end services to its clients across urban, suburban and rural areas. The company further expects to extend its global footprint and strengthen its position in existing markets through both inorganic and organic growth across the industry verticals.
The company has embarked on a Vision 2020 Plan that outlines its long-term vision for the next five years and hinges on three primary phases, the first of which is aimed to increase the efficiency of the company through diligent execution of the operating plan and stringent cost-reduction activities. The second phase will focus on driving growth across the realigned verticals through effective realization of the cost savings from procurement, account management and other organizational changes. The final phase of the transformation will include accelerated growth impetus from the vertical alignment and account planning systems with a continuous focus on additional cost savings. ABM is currently focusing on the second phase of the plan and remains confident of achieving $40-$50 million in savings through operational efficiencies by the end of 2017. These systematic and strategic plans of action are likely to help ABM fuel its growth momentum.
However, ABM has underperformed the industry with an average year-to-date return of 5.7% compared with a gain of 14.1% for the latter. It has a significant presence in the U.K. and as the European economy is highly unpredictable post the Brexit referendum, it becomes difficult for it to increase revenues and reduce costs. The company is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering the productivity of the company. Strong competitive pressure could also limit the company's success rate in bidding for profitable businesses and its ability to increase prices in accordance with the rising costs.
ABM currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include RPX Corporation RPXC , SPS Commerce, Inc. SPSC and Healthcare Services Group, Inc. HCSG , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
RPX Corporation has beaten earnings estimates thrice in the trailing four quarters with a positive surprise of 45.7%.
SPS Commerce has a long-term earnings growth expectation of 25%. It has beaten earnings estimates in each of the trailing four quarters with a positive surprise of 139.9%.
Healthcare Services Group has a long-term earnings growth expectation of 11%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Leading provider of facility solutions, ABM Industries IncorporatedABM recently extended its footprint in the U.K. with key contract wins across the country. Per the contract, ABM will be responsible for the cleaning of Tube stations, trains, bus depots, head office buildings and the London Transport Museum. In addition to being associated with iconic sites and public transport facilities, the contract offers ABM the opportunity to boost the regional economy by employing approximately 3,000 people. | The contract offers ABM the opportunity to provide various services like cleaning, security, customer service and facilities management. Click to get this free report Healthcare Services Group, Inc. (HCSG): Free Stock Analysis Report SPS Commerce, Inc. (SPSC): Free Stock Analysis Report RPX Corporation (RPXC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries IncorporatedABM recently extended its footprint in the U.K. with key contract wins across the country. | Click to get this free report Healthcare Services Group, Inc. (HCSG): Free Stock Analysis Report SPS Commerce, Inc. (SPSC): Free Stock Analysis Report RPX Corporation (RPXC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries IncorporatedABM recently extended its footprint in the U.K. with key contract wins across the country. Per the contract, ABM will be responsible for the cleaning of Tube stations, trains, bus depots, head office buildings and the London Transport Museum. | The contract offers ABM the opportunity to provide various services like cleaning, security, customer service and facilities management. Leading provider of facility solutions, ABM Industries IncorporatedABM recently extended its footprint in the U.K. with key contract wins across the country. Per the contract, ABM will be responsible for the cleaning of Tube stations, trains, bus depots, head office buildings and the London Transport Museum. |
29497.0 | 2017-08-09 00:00:00 UTC | Zacks.com featured highlights: ABM Industries, Centene, Restaurant Brands International, Total System Services and Wingstop | ABM | https://www.nasdaq.com/articles/zacks.com-featured-highlights%3A-abm-industries-centene-restaurant-brands-international | nan | nan | For Immediate Release
Chicago, IL -August 09, 2017 - Stocks in this week's article includeABM Industries
(Professional & Business Services) (NYSE: ABM - Free Report ), Centene
(HealthCare) (NYSE: CNC - Free Report ), Restaurant Brands International
(Food Services & Drinking Places)(NYSE: QSR - Free Report ), Total System Services
(Professional & Business Services) (NYSE: TSS - Free Report ) and Wingstop
(Food Services & Drinking Places) (NASDAQ: WING - Free Report ).
By Kevin Matras
Winning Stocks from the Top 3 Industries
Every week the government and other entities release economic reports that cover all areas of the economy - from retail sales to housing, to international trade to consumer sentiment.
In fact, on virtually any given day there could be anywhere from one to a handful of reports.
And while the financial media does cover them, they usually focus on headline numbers without doing a deeper dive.
This is unfortunate because within these reports often exists money-making details that can quickly be uncovered with just an extra few minutes of reading.
For example, in the Employment Situation report, it details what sectors saw the most new jobs or labor force expansion, and which ones contracted.
I can remember countless times where that report got me into the right sectors and industries at the right time before anybody else was talking about them.
In fact, I still remember getting into housing in early 2012 while everybody else was staying as far away from it as possible. But, after seeing construction jobs continue to rise in report after report after report, I knew the housing market had turned. And that was one of the first alerts to the housing recovery - for those who knew where to look.
But the headline number and the obligatory one-or-two-sentence write ups on many news sites missed the best part of the story by not going the extra mile (or paragraph).
Well here we are again, with more stock-picking insight, straight from last week's Employment Situation report. Last week it showed that some of the biggest job creation came from these three industries:
1) Food Services & Drinking Places: +53,000
(up 313,000 over the last 12 months)
2) Professional & Business Services: +49,000
(up 588,000 over the last 12 months)
3) HealthCare: +39,000
(up 327,000 over the last 12 months)
Once these reports point you in the right direction, you can then plug in the appropriate sectors and industries to capitalize on this information and find the best stocks within those groups.
This is just one very specific way to do top down analysis. But you can go to any screener (like the one on Zacks.com or the Research Wizard) and locate the sector, then industry of interest.
Then you should add in your favorite and most successful stock-picking criteria to drill down to the best ones, such as Zacks Rank 1s or 2s (Strong Buys or Buys); market-beating growth rates; below industry valuations; upward earnings estimate revisions, etc.
Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report:
(NYSE: ABM - Free Report ) ABM Industries
(Professional & Business Services)
(NYSE: CNC - Free Report ) Centene
(HealthCare)
(NYSE: QSR - Free Report ) Restaurant Brands International
(Food Services & Drinking Places)
(NYSE: TSS - Free Report ) Total System Services
(Professional & Business Services)
(NASDAQ: WING - Free Report ) Wingstop
(Food Services & Drinking Places)
Profitable stock ideas can come at any time and any place. But instead of waiting for the next great stock to fall into your lap, you can actively search for them. And by reading a few extra reports and then putting those ideas into a capable screener, you'll soon be amazed at some of the new picks you come up with.
And you'll feel pretty smart after finding them too.
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 trial to the Research Wizard 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.
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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
Centene Corporation (CNC): Free Stock Analysis Report
Restaurant Brands International Inc. (QSR): Free Stock Analysis Report
Wingstop Inc. (WING): Free Stock Analysis Report
Total System Services, Inc. (TSS): 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.
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 -August 09, 2017 - Stocks in this week's article includeABM Industries (Professional & Business Services) (NYSE: ABM - Free Report ), Centene (HealthCare) (NYSE: CNC - Free Report ), Restaurant Brands International (Food Services & Drinking Places)(NYSE: QSR - Free Report ), Total System Services (Professional & Business Services) (NYSE: TSS - Free Report ) and Wingstop (Food Services & Drinking Places) (NASDAQ: WING - Free Report ). Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: (NYSE: ABM - Free Report ) ABM Industries (Professional & Business Services) (NYSE: CNC - Free Report ) Centene (HealthCare) (NYSE: QSR - Free Report ) Restaurant Brands International (Food Services & Drinking Places) (NYSE: TSS - Free Report ) Total System Services (Professional & Business Services) (NASDAQ: WING - Free Report ) Wingstop (Food Services & Drinking Places) Profitable stock ideas can come at any time and any place. Get the full Report on ABM - FREE Get the full Report on CNC - FREE Get the full Report on QSR - FREE Get the full Report on TSS - FREE Get the full Report on WING - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. | For Immediate Release Chicago, IL -August 09, 2017 - Stocks in this week's article includeABM Industries (Professional & Business Services) (NYSE: ABM - Free Report ), Centene (HealthCare) (NYSE: CNC - Free Report ), Restaurant Brands International (Food Services & Drinking Places)(NYSE: QSR - Free Report ), Total System Services (Professional & Business Services) (NYSE: TSS - Free Report ) and Wingstop (Food Services & Drinking Places) (NASDAQ: WING - Free Report ). Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: (NYSE: ABM - Free Report ) ABM Industries (Professional & Business Services) (NYSE: CNC - Free Report ) Centene (HealthCare) (NYSE: QSR - Free Report ) Restaurant Brands International (Food Services & Drinking Places) (NYSE: TSS - Free Report ) Total System Services (Professional & Business Services) (NASDAQ: WING - Free Report ) Wingstop (Food Services & Drinking Places) Profitable stock ideas can come at any time and any place. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Centene Corporation (CNC): Free Stock Analysis Report Restaurant Brands International Inc. (QSR): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Total System Services, Inc. (TSS): Free Stock Analysis Report To read this article on Zacks.com click here. | For Immediate Release Chicago, IL -August 09, 2017 - Stocks in this week's article includeABM Industries (Professional & Business Services) (NYSE: ABM - Free Report ), Centene (HealthCare) (NYSE: CNC - Free Report ), Restaurant Brands International (Food Services & Drinking Places)(NYSE: QSR - Free Report ), Total System Services (Professional & Business Services) (NYSE: TSS - Free Report ) and Wingstop (Food Services & Drinking Places) (NASDAQ: WING - Free Report ). Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: (NYSE: ABM - Free Report ) ABM Industries (Professional & Business Services) (NYSE: CNC - Free Report ) Centene (HealthCare) (NYSE: QSR - Free Report ) Restaurant Brands International (Food Services & Drinking Places) (NYSE: TSS - Free Report ) Total System Services (Professional & Business Services) (NASDAQ: WING - Free Report ) Wingstop (Food Services & Drinking Places) Profitable stock ideas can come at any time and any place. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Centene Corporation (CNC): Free Stock Analysis Report Restaurant Brands International Inc. (QSR): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis Report Total System Services, Inc. (TSS): Free Stock Analysis Report To read this article on Zacks.com click here. | Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: (NYSE: ABM - Free Report ) ABM Industries (Professional & Business Services) (NYSE: CNC - Free Report ) Centene (HealthCare) (NYSE: QSR - Free Report ) Restaurant Brands International (Food Services & Drinking Places) (NYSE: TSS - Free Report ) Total System Services (Professional & Business Services) (NASDAQ: WING - Free Report ) Wingstop (Food Services & Drinking Places) Profitable stock ideas can come at any time and any place. For Immediate Release Chicago, IL -August 09, 2017 - Stocks in this week's article includeABM Industries (Professional & Business Services) (NYSE: ABM - Free Report ), Centene (HealthCare) (NYSE: CNC - Free Report ), Restaurant Brands International (Food Services & Drinking Places)(NYSE: QSR - Free Report ), Total System Services (Professional & Business Services) (NYSE: TSS - Free Report ) and Wingstop (Food Services & Drinking Places) (NASDAQ: WING - Free Report ). Get the full Report on ABM - FREE Get the full Report on CNC - FREE Get the full Report on QSR - FREE Get the full Report on TSS - FREE Get the full Report on WING - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. |
29498.0 | 2017-08-08 00:00:00 UTC | Winning Stock Picks from the Top 3 Industries with the Biggest Job Growth | ABM | https://www.nasdaq.com/articles/winning-stock-picks-top-3-industries-biggest-job-growth-2017-08-08 | nan | nan | Every week the government and other entities release economic reports that cover all areas of the economy - from retail sales to housing, to international trade to consumer sentiment.
In fact, on virtually any given day there could be anywhere from one to a handful of reports.
And while the financial media does cover them, they usually focus on headline numbers without doing a deeper dive.
This is unfortunate because within these reports often exists money-making details that can quickly be uncovered with just an extra few minutes of reading.
For example, in the Employment Situation report, it details what sectors saw the most new jobs or labor force expansion, and which ones contracted.
I can remember countless times where that report got me into the right sectors and industries at the right time before anybody else was talking about them.
In fact, I still remember getting into housing in early 2012 while everybody else was staying as far away from it as possible. But, after seeing construction jobs continue to rise in report after report after report, I knew the housing market had turned. And that was one of the first alerts to the housing recovery - for those who knew where to look.
But the headline number and the obligatory one-or-two-sentence write ups on many news sites missed the best part of the story by not going the extra mile (or paragraph).
Well here we are again, with more stock-picking insight, straight from last week's Employment Situation report. Last week it showed that some of the biggest job creation came from these three industries:
1) Food Services & Drinking Places: +53,000
(up 313,000 over the last 12 months)
2) Professional & Business Services: +49,000
(up 588,000 over the last 12 months)
3) HealthCare: +39,000
(up 327,000 over the last 12 months)
Once these reports point you in the right direction, you can then plug in the appropriate sectors and industries to capitalize on this information and find the best stocks within those groups.
This is just one very specific way to do top down analysis. But you can go to any screener (like the one on Zacks.com or the Research Wizard) and locate the sector, then industry of interest.
Then you should add in your favorite and most successful stock-picking criteria to drill down to the best ones, such as Zacks Rank 1s or 2s (Strong Buys or Buys); market-beating growth rates; below industry valuations; upward earnings estimate revisions, etc.
Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report:
ABM ABM Industries
(Professional & Business Services)
CNC Centene
(HealthCare)
QSR Restaurant Brands International
(Food Services & Drinking Places)
TSS Total System Services
(Professional & Business Services)
WING Wingstop
(Food Services & Drinking Places)
Profitable stock ideas can come at any time and any place. But instead of waiting for the next great stock to fall into your lap, you can actively search for them. And by reading a few extra reports and then putting those ideas into a capable screener, you'll soon be amazed at some of the new picks you come up with.
And you'll feel pretty smart after finding them too.
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 trial to the Research Wizard 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.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance .
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Wingstop Inc. (WING): Free Stock Analysis Report
Total System Services, Inc. (TSS): Free Stock Analysis Report
Restaurant Brands International Inc. (QSR): Free Stock Analysis Report
Centene Corporation (CNC): Free Stock Analysis 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.
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 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: ABM ABM Industries (Professional & Business Services) CNC Centene (HealthCare) QSR Restaurant Brands International (Food Services & Drinking Places) TSS Total System Services (Professional & Business Services) WING Wingstop (Food Services & Drinking Places) Profitable stock ideas can come at any time and any place. Click to get this free report Wingstop Inc. (WING): Free Stock Analysis Report Total System Services, Inc. (TSS): Free Stock Analysis Report Restaurant Brands International Inc. (QSR): Free Stock Analysis Report Centene Corporation (CNC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Every week the government and other entities release economic reports that cover all areas of the economy - from retail sales to housing, to international trade to consumer sentiment. | Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: ABM ABM Industries (Professional & Business Services) CNC Centene (HealthCare) QSR Restaurant Brands International (Food Services & Drinking Places) TSS Total System Services (Professional & Business Services) WING Wingstop (Food Services & Drinking Places) Profitable stock ideas can come at any time and any place. Click to get this free report Wingstop Inc. (WING): Free Stock Analysis Report Total System Services, Inc. (TSS): Free Stock Analysis Report Restaurant Brands International Inc. (QSR): Free Stock Analysis Report Centene Corporation (CNC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. 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. | Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: ABM ABM Industries (Professional & Business Services) CNC Centene (HealthCare) QSR Restaurant Brands International (Food Services & Drinking Places) TSS Total System Services (Professional & Business Services) WING Wingstop (Food Services & Drinking Places) Profitable stock ideas can come at any time and any place. Click to get this free report Wingstop Inc. (WING): Free Stock Analysis Report Total System Services, Inc. (TSS): Free Stock Analysis Report Restaurant Brands International Inc. (QSR): Free Stock Analysis Report Centene Corporation (CNC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Last week it showed that some of the biggest job creation came from these three industries: 1) Food Services & Drinking Places: +53,000 (up 313,000 over the last 12 months) 2) Professional & Business Services: +49,000 (up 588,000 over the last 12 months) 3) HealthCare: +39,000 (up 327,000 over the last 12 months) Once these reports point you in the right direction, you can then plug in the appropriate sectors and industries to capitalize on this information and find the best stocks within those groups. | Here are 5 stocks from some of the industries singled out as the biggest job creators in last week's Employment report: ABM ABM Industries (Professional & Business Services) CNC Centene (HealthCare) QSR Restaurant Brands International (Food Services & Drinking Places) TSS Total System Services (Professional & Business Services) WING Wingstop (Food Services & Drinking Places) Profitable stock ideas can come at any time and any place. Click to get this free report Wingstop Inc. (WING): Free Stock Analysis Report Total System Services, Inc. (TSS): Free Stock Analysis Report Restaurant Brands International Inc. (QSR): Free Stock Analysis Report Centene Corporation (CNC): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. But you can go to any screener (like the one on Zacks.com or the Research Wizard) and locate the sector, then industry of interest. |
29499.0 | 2017-08-04 00:00:00 UTC | Stericycle (SRCL) Beats on Q2 Earnings, Updates Guidance | ABM | https://www.nasdaq.com/articles/stericycle-srcl-beats-on-q2-earnings-updates-guidance-2017-08-04 | nan | nan | Waste management firm Stericycle, Inc.SRCL reported solid second-quarter 2017 results with a healthy improvement in revenues on a year-over-year basis. GAAP loss for the quarter was $148.8 million or loss of $1.74 per share as against net income of $37.3 million or 43 cents per share in the year-ago quarter. The year-over-year decline in GAAP earnings, despite top-line growth, was primarily attributable to a class action lawsuit settlement for which the company recorded a charge of $295.0 million.
Adjusted earnings for the reported quarter were $1.15 per share compared with $1.18 in the year-earlier quarter. Although adjusted earnings decreased year over year, it beat the Zacks Consensus Estimate by 2 cents.
Stericycle, Inc. Price, Consensus and EPS Surprise
Stericycle, Inc. Price, Consensus and EPS Surprise | Stericycle, Inc. Quote
Revenues & Margins
Second-quarter revenues were $917.7 million, up 26.1% year over year and exceeded the Zacks Consensus Estimate of $902 million. Organic revenues for the quarter improved 3.4% while acquisitions contributed $8.6 million to incremental revenues and divestures reduced the same by $0.8 million.
Domestic revenues in the reported quarter were $737.7 million, up 40.9% year over year while International revenues decreased 14.8% to $180.1 million. Regulated Waste and Compliance Services revenues declined to $512.3 million from $523.3 million. Secure Information Destruction Services revenues increased $21.9 million to $212.4 million, primarily due to higher recycling revenues. Communication and Related Services revenues increased to $102.9 million from $82.5 million as market-leading position and unique capabilities enabled the company to serve new brands across several industries. Manufacturing and Industrial Services revenues declined $5.1 million to $90.1 million.
Gross profit (GAAP) in the reported quarter was $381.8 million, up 1.1% year over year. Gross margin was 41.6%, down from 42.4% in the prior-year quarter.
Acquisitions
During the reported quarter, Stericycle closed six tuck-in acquisitions (including four in the domestic market and two in the international market). The deals together contributed about $0.2 million to corporate revenues in the quarter. The worldwide acquisition pool of the company remains robust with well over $100 million in annualized revenues in multiple geographies across business lines.
Financial Position
As of Jun 30, 2017, cash and cash equivalents were $44.2 million while long-term debt (net of current portion) was $2,749.8 million.
Net cash from operating activities for the first six months of the year was $237.1 million compared with $245.4 million in the year-ago period. The debt-to-EBITDA (earnings before interest, tax, depreciation and amortization) ratio was 3.46x at the quarter end. Stericycle had an unused borrowing capacity of $676 million under its revolving credit facility. Capital expenditure for the quarter was $30 million. During the quarter, the company repurchased 175,500 mandatory preferred convertible shares for $12.6 million.
Revised Guidance
For 2017, Stericycle updated its guidance in accordance with the current market scenario. Earnings are currently expected in the range of $4.55-$4.69 per share, compared with $4.55-$4.75 expected earlier. The company expects revenues to be in the range of $3.52-$3.65 billion ($3.53-$3.66 billion was projected earlier), and free cash flow in the range of $450-$470 million (unchanged). Capital expenditure is projected to be in the range of $125-$150 million (unchanged).
Zacks Rank & Key Picks
Stericycle currently has a Zacks Rank #2 (Buy). Other stocks in the broader industry worth considering include ABM Industries Incorporated ABM , Gartner, Inc. IT and NV5 Global, Inc. NVEE , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
ABM pulled off a positive earnings surprise of 16.9% in the trailing four quarters, beating estimates thrice.
Gartner has a long-term earnings growth expectation of 17.3%. It has a positive earnings history, beating estimates thrice in the trailing four quarters with an average earnings surprise of 4.6%.
NV5 Global has a long-term earnings growth expectation of 20%. It delivered a positive earnings surprise of 1.8% in the trailing four quarters.
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Stericycle, Inc. (SRCL): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other stocks in the broader industry worth considering include ABM Industries Incorporated ABM , Gartner, Inc. ABM pulled off a positive earnings surprise of 16.9% in the trailing four quarters, beating estimates thrice. Click to get this free report Gartner, Inc. (IT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report NV5 Global, Inc. (NVEE): Free Stock Analysis Report Stericycle, Inc. (SRCL): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Gartner, Inc. (IT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report NV5 Global, Inc. (NVEE): Free Stock Analysis Report Stericycle, Inc. (SRCL): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks in the broader industry worth considering include ABM Industries Incorporated ABM , Gartner, Inc. ABM pulled off a positive earnings surprise of 16.9% in the trailing four quarters, beating estimates thrice. | Click to get this free report Gartner, Inc. (IT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report NV5 Global, Inc. (NVEE): Free Stock Analysis Report Stericycle, Inc. (SRCL): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks in the broader industry worth considering include ABM Industries Incorporated ABM , Gartner, Inc. ABM pulled off a positive earnings surprise of 16.9% in the trailing four quarters, beating estimates thrice. | Other stocks in the broader industry worth considering include ABM Industries Incorporated ABM , Gartner, Inc. ABM pulled off a positive earnings surprise of 16.9% in the trailing four quarters, beating estimates thrice. Click to get this free report Gartner, Inc. (IT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report NV5 Global, Inc. (NVEE): Free Stock Analysis Report Stericycle, Inc. (SRCL): Free Stock Analysis Report To read this article on Zacks.com click here. |
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