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29500.0 | 2017-07-31 00:00:00 UTC | Waste Connections (WCN) Upgraded to Buy on Solid Q2 Results | ABM | https://www.nasdaq.com/articles/waste-connections-wcn-upgraded-to-buy-on-solid-q2-results-2017-07-31 | nan | nan | On Jul 31, Zacks Investment Research upgraded Waste Connections, Inc.WCN to a Zacks Rank #2 (Buy) from a Zacks Rank #3 (Hold).
The upgrade can primarily be attributed to the company's impressive second-quarter 2017 results.
Waste Connections has outperformed the industry in the last three months with an average return of 6% compared with 1.2% gain for the latter. In the second quarter, the company's earnings surpassed the Zacks Consensus Estimate by 1.72%. Revenues improved to $1,176.6 million, which exceeded the Zacks Consensus Estimate of $1,150 million. Owing to solid results, the company raised its guidance for 2017. It currently expects revenues of approximately $4.57 billion compared with its previous guidance of roughly $4.450 billion. The company expects adjusted free cash flow to be around $750 million.
The company focuses on increasing market penetration and offering additional services to capitalize on future drilling opportunities in those areas. Waste Connections also aims to leverage its franchise-based platforms to expand customer base beyond the exclusive market territories. As customers are added in the existing markets, revenue per routed truck rises, which increases collection efficiencies and profitability.
However, the volatility in crude oil prices is expected to impair profitability and creditworthiness of Waste Connections and adversely affect the level of investment and linear feet drilled in the basins where it operates. It may further impact the ability of E&P companies to access capital on economically advantageous terms. This, in turn, is likely to reduce the demand for its services, thereby affecting both its top line and bottom line.
Other Stocks to Consider
Other stocks in the same space worth considering include ABM Industries Incorporated ABM , CRA International, Inc. CRAI and Gartner, Inc. IT . CRA International sports a Zacks Rank #1 (Strong Buy), while ABM Industries and Gartner both carry the same Zacks Rank as Waste Connections. You can see the complete list of today's Zacks #1 Rank stocks here .
ABM Industries is currently trading at a forward P/E of 23.3x.
CRA International is currently trading at a forward P/E of 27.4x.
Gartner is currently trading at a forward P/E of 36.9x.
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Gartner, Inc. (IT): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
CRA International,Inc. (CRAI): Free Stock Analysis Report
Waste Connections, Inc. (WCN): 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. | Other Stocks to Consider Other stocks in the same space worth considering include ABM Industries Incorporated ABM , CRA International, Inc. CRAI and Gartner, Inc. CRA International sports a Zacks Rank #1 (Strong Buy), while ABM Industries and Gartner both carry the same Zacks Rank as Waste Connections. ABM Industries is currently trading at a forward P/E of 23.3x. | Click to get this free report Gartner, Inc. (IT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report CRA International,Inc. Other Stocks to Consider Other stocks in the same space worth considering include ABM Industries Incorporated ABM , CRA International, Inc. CRAI and Gartner, Inc. CRA International sports a Zacks Rank #1 (Strong Buy), while ABM Industries and Gartner both carry the same Zacks Rank as Waste Connections. | CRA International sports a Zacks Rank #1 (Strong Buy), while ABM Industries and Gartner both carry the same Zacks Rank as Waste Connections. Click to get this free report Gartner, Inc. (IT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report CRA International,Inc. Other Stocks to Consider Other stocks in the same space worth considering include ABM Industries Incorporated ABM , CRA International, Inc. CRAI and Gartner, Inc. | CRA International sports a Zacks Rank #1 (Strong Buy), while ABM Industries and Gartner both carry the same Zacks Rank as Waste Connections. Click to get this free report Gartner, Inc. (IT): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report CRA International,Inc. Other Stocks to Consider Other stocks in the same space worth considering include ABM Industries Incorporated ABM , CRA International, Inc. CRAI and Gartner, Inc. |
29501.0 | 2017-07-28 00:00:00 UTC | Republic Services (RSG) Beats Q2 Earnings, Raises Guidance | ABM | https://www.nasdaq.com/articles/republic-services-rsg-beats-q2-earnings-raises-guidance-2017-07-28 | nan | nan | Waste management firm Republic Services, Inc.RSG reported strong second-quarter 2017 results, with healthy year-over-year increase in earnings and revenues. GAAP earnings for the quarter were $202.9 million or 60 cents per share compared with $180.8 million or 52 cents per share in the year-ago quarter. The year-over-year increase in earnings was primarily driven by higher revenues.
Excluding non-recurring items, adjusted earnings for the second quarter were $205.9 million or 61 cents per share compared with $189.5 million or 55 cents per share in the year-earlier quarter. Adjusted earnings for the quarter exceeded the Zacks Consensus Estimate by 2 cents.
Republic Services, Inc. Price, Consensus and EPS Surprise
Republic Services, Inc. Price, Consensus and EPS Surprise | Republic Services, Inc. Quote
Top-Line Performance
Quarterly revenues improved 7.5% year over year to $2,526.7 million and exceeded the Zacks Consensus Estimate of $2,473 million. The year-over-year increase in revenues was driven by a 2.5% rise in average yield and a 1.9% increase in volume. Core price increased revenues by 4.1% during the quarter.
Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) for the reported quarter was $708.6 million, resulting in an adjusted EBITDA margin of 28.0% compared with the respective tallies of $666.4 million and 28.3% in the year-ago period.
Segmental Details
Revenues from Collection increased 4.4% year over year to $1,862.9 million as all the sub-segments fared relatively better in the reported quarter. Revenues from Transfer improved 9.9% year over year to $130.3 million. Energy Services revenues more than doubled to $36.1 million. Revenues from Landfill were up 9.6% to $314.2 million while sales from the Other segment increased 27.0% year over year to $183.2 million.
By the end of the quarter, about 19% of the total fleet was operating on natural gas. Approximately 75% of the residential fleet was automated and completed certification under the standardized maintenance program.
Balance Sheet & Cash Flow
Cash and cash equivalents at the quarter end were $36 million while long-term debt (net of current maturities) was $7,075.7 million.
Cash from operating activities totaled $878.8 million for the quarter compared with $844.3 million in the prior-year period. Adjusted free cash flow for the first half of 2017 was $358.3 million compared with $337.2 million in the year-ago period.
Share Repurchase
Republic Services has a share repurchase program in place since Nov 2010. During the second quarter, the company repurchased 2.2 million shares under this program for $138.5 million at an average price of $69.21 per share. The company had $214.4 million worth of shares remaining under the share repurchase authorization at the quarter end.
Dividend Increase
The company increased its quarterly dividend by 8% year over year to 34.5 cents per share. This marks the eighth consecutive year of dividend hike by Republic Services.
Guidance Raised
With solid quarterly results and favorable growth dynamics, Republic Services raised its adjusted earnings guidance for 2017 to $2.36-$2.39 per share from the previous guidance of $2.32-$2.36. Republic Services is likely to generate a healthy cash flow in the future with diligent execution of operational plans and a realigned operational structure. The company has strong underlying fundamentals and is set to achieve consistent earnings growth while creating significant shareholder value.
Republic Services currently has a Zacks Rank #2 (Buy). Some other stocks in the industry worth considering include Stericycle, Inc. SRCL , ABM Industries Incorporated ABM and Rollins, Inc. ROL , each carrying Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Stericycle has a long-term earnings growth expectation of 9.1%. It delivered a positive earnings surprise of 4.4% in the trailing four quarters, beating estimates thrice.
ABM pulled off a positive earnings surprise of 16.9% in the trailing four quarters, beating estimates thrice.
Rollins delivered a positive earnings surprise of 1.1% in the trailing four quarters.
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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. | Some other stocks in the industry worth considering include Stericycle, Inc. SRCL , ABM Industries Incorporated ABM and Rollins, Inc. ROL , each carrying Zacks Rank #2. ABM pulled off a positive earnings surprise of 16.9% in the trailing four quarters, beating estimates thrice. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report Stericycle, Inc. (SRCL): Free Stock Analysis Report Republic Services, Inc. (RSG): Free Stock Analysis Report To read this article on Zacks.com click here. | Some other stocks in the industry worth considering include Stericycle, Inc. SRCL , ABM Industries Incorporated ABM and Rollins, Inc. ROL , each carrying Zacks Rank #2. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report Stericycle, Inc. (SRCL): Free Stock Analysis Report Republic Services, Inc. (RSG): Free Stock Analysis Report To read this article on Zacks.com click here. ABM pulled off a positive earnings surprise of 16.9% in the trailing four quarters, beating estimates thrice. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report Stericycle, Inc. (SRCL): Free Stock Analysis Report Republic Services, Inc. (RSG): Free Stock Analysis Report To read this article on Zacks.com click here. Some other stocks in the industry worth considering include Stericycle, Inc. SRCL , ABM Industries Incorporated ABM and Rollins, Inc. ROL , each carrying Zacks Rank #2. ABM pulled off a positive earnings surprise of 16.9% in the trailing four quarters, beating estimates thrice. | Some other stocks in the industry worth considering include Stericycle, Inc. SRCL , ABM Industries Incorporated ABM and Rollins, Inc. ROL , each carrying Zacks Rank #2. ABM pulled off a positive earnings surprise of 16.9% in the trailing four quarters, beating estimates thrice. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report Stericycle, Inc. (SRCL): Free Stock Analysis Report Republic Services, Inc. (RSG): Free Stock Analysis Report To read this article on Zacks.com click here. |
29502.0 | 2017-07-27 00:00:00 UTC | S&P Global (SPGI) Tops Q2 Earnings & Revenues, Raises View | ABM | https://www.nasdaq.com/articles/sp-global-spgi-tops-q2-earnings-revenues-raises-view-2017-07-27 | nan | nan | Maintaining its earnings beat streak for the 23 rd straight quarter, S&P Global, Inc.SPGI reported solid second-quarter 2017 adjusted net income of $446 million or $1.72 per share compared with $385 million or $1.44 per share in the year-earlier quarter. Earnings comfortably beat the Zacks Consensus Estimate of $1.57. Rise in the bottom-line came on the back of robust organic revenue growth.
Revenues for the quarter were $1,509 million compared with $1,482 million in the year-ago quarter. Also, the top line beat the Zacks Consensus Estimate of $1,447 million. Top-line growth was fueled by solid performance across all its segments.
Segmental Details
S&P Global Ratings segment's revenues increased 10% year over year to $747 million, chiefly driven by increase in transaction revenues. The growth came on the back of substantial increase in high-yield bond, bank loan ratings and contract terms. Moreover, higher surveillance fees, entity fees and intersegment royalties from Market Intelligence and CRISIL drove non-transaction revenue growth. Adjusted operating profit remained flat at $397 million year over year.
S&P Global Market and Commodities Intelligence revenues declined 10% year over year to $606 million due to the sale of J.D. Power, the SPSE/CMA pricing businesses, and Equity and Fund Research last year. In addition, the segment's adjusted operating profit increased 3% to $191 million.
S&P Dow Jones Indices revenues rose 20% to $184 million in the reported quarter, mainly attributable to growth in asset-linked fees. Operating profit attributable to the company increased 19% to $119million.
Financial Aspects
As on Jun 30, 2017, S&P Global had cash and cash equivalents of $2,384 million while long-term debt was $3,566million. During the first six months of 2017, the company generated free cash flow excluding certain items of $635million. Cash provided by operating activities was $674 million.
During the second quarter, the company returned $251 million to shareholders. This was done through a combination of share repurchases and dividend payouts. It paid out $106 million in dividends and bought 1.1 million shares for $145 million.
Outlook
Concurrent with the earnings release, the company hiked its full-year 2017 adjusted earnings per share (EPS) guidance to $6.15-$6.30 from $6.00-$6.20. On a GAAP basis, EPS is expected to be in the range of $5.83 to $5.98 from the earlier expected range of $5.72−$5.92.
The company currently carries a Zacks Rank #2 (Buy)
Other Stocks to Consider
Some other stocks worth considering in the industry are ABM Industries Incorporated ABM , ManpowerGroup Inc. MAN and TransUnion TRU . ManpowerGroup sports a Zacks Rank #1 (Strong Buy) while ABM Industries and TransUnion both carry the same Zacks Rank as S&P Global. You can see the complete list of today's Zacks #1 Rank stocks here .
ABM Industries has a decent earnings surprise history with an average positive surprise of 16.9% over the trailing four quarters, beating estimates thrice.
ManpowerGroup came up with three earnings beat in the trailing four quarters and has an average positive surprise of 4.5%.
TransUnion pulled off an average positive surprise of 11.8% over the trailing four quarters, beating estimates thrice.
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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 company currently carries a Zacks Rank #2 (Buy) Other Stocks to Consider Some other stocks worth considering in the industry are ABM Industries Incorporated ABM , ManpowerGroup Inc. MAN and TransUnion TRU . ManpowerGroup sports a Zacks Rank #1 (Strong Buy) while ABM Industries and TransUnion both carry the same Zacks Rank as S&P Global. ABM Industries has a decent earnings surprise history with an average positive surprise of 16.9% over the trailing four quarters, beating estimates thrice. | The company currently carries a Zacks Rank #2 (Buy) Other Stocks to Consider Some other stocks worth considering in the industry are ABM Industries Incorporated ABM , ManpowerGroup Inc. MAN and TransUnion TRU . ABM Industries has a decent earnings surprise history with an average positive surprise of 16.9% over the trailing four quarters, beating estimates thrice. Click to get this free report TransUnion (TRU): Free Stock Analysis Report S&P Global Inc. (SPGI): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ManpowerGroup (MAN): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report TransUnion (TRU): Free Stock Analysis Report S&P Global Inc. (SPGI): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ManpowerGroup (MAN): Free Stock Analysis Report To read this article on Zacks.com click here. The company currently carries a Zacks Rank #2 (Buy) Other Stocks to Consider Some other stocks worth considering in the industry are ABM Industries Incorporated ABM , ManpowerGroup Inc. MAN and TransUnion TRU . ManpowerGroup sports a Zacks Rank #1 (Strong Buy) while ABM Industries and TransUnion both carry the same Zacks Rank as S&P Global. | The company currently carries a Zacks Rank #2 (Buy) Other Stocks to Consider Some other stocks worth considering in the industry are ABM Industries Incorporated ABM , ManpowerGroup Inc. MAN and TransUnion TRU . ManpowerGroup sports a Zacks Rank #1 (Strong Buy) while ABM Industries and TransUnion both carry the same Zacks Rank as S&P Global. ABM Industries has a decent earnings surprise history with an average positive surprise of 16.9% over the trailing four quarters, beating estimates thrice. |
29503.0 | 2017-07-19 00:00:00 UTC | Gartner Focuses on Holistic Growth to Strengthen Foothold | ABM | https://www.nasdaq.com/articles/gartner-focuses-on-holistic-growth-to-strengthen-foothold-2017-07-19 | nan | nan | On Jul 18, we initiated a research report on information technology research and advisory firm, Gartner, Inc.IT .
Over the years, Gartner research reports have become indispensable tools for diverse companies across different sectors, strengthening its leading position in the market. Using advanced technologies to collect and analyze troves of data, Gartner makes use of unique data assets and deep domain expertise to provide key insights and decision support solutions for informed decision-making process. These insights are typically drawn from a critical fact base, collated from interactions with clients in over 11,000 distinct organizations worldwide, 230,000 annual one-on-one client communications and 18,000 vendor briefings.
Gartner offers timely, thought-provoking and comprehensive analysis, known for its high quality, independence and objectivity. This unbiased, pragmatic and actionable insight can help organizations to effectively save thousands of dollars through in-depth research. With rapid strides in technology and massive proliferation of the Internet of things, the differences between the physical and digital worlds have gradually blurred. As a result, information technology has become critical for all firms to support higher productivity, improve performance metrics and protect the enterprise from cyber-security threats. In order to keep abreast of the new developments in the dynamic and complex industry and take well-informed decisions to maximize returns on IT capital investments, business enterprises as well as government agencies use Gartner's research and consultancy services. This offers a strong value proposition for the company.
With a diligent execution of operational plans, Gartner has recorded double-digit growth in key metrics over a decade. In addition, this performance-driven firm has a strong cash flow and a healthy balance sheet position. The company has a vast, untapped market opportunity worth an estimated $61 billion. Gartner has outperformed the Zacks categorized Consulting Services industry with an average year-to-date return of 25.8% compared with a 8.3% gain for the latter.
The acquisition of CEB further reinforces Gartner's market strength. The combination of Gartner's analyst-driven, syndicated research and advisory services with CEB's best practice and talent management insights across a range of business functions is likely to provide a comprehensive and differentiated suite of services portfolio across the globe.
Gartner has a recurring revenue stream with 75% of its total revenue generated through subscription and long-term contracts. In addition, the company has a large and diverse addressable market with low customer concentration that mitigates operating risks. Operating in an industry with low barriers to entry, Gartner has an integrated research and consulting team designed to best serve its client's needs. This provides it a competitive advantage against its rivals. Leveraging its intellectual capital, Gartner creates and distributes proprietary research content as broadly as possible via published reports, interactive tools, facilitated peer networking, briefings, consulting and advisory services, and events. These facilitate a steadily improving revenue stream for this Zacks Rank #2 (Buy) stock, which has increased at a CAGR of 11.5% from 2009 to 2016.
Some other stocks in the industry worth considering include NV5 Global, Inc. NVEE , ABM Industries Incorporated ABM and ManpowerGroup Inc. MAN , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
NV5 Global has a long-term earnings growth expectation of 20%. It topped earnings estimates twice in the trailing four quarters with a positive surprise of 1.8%.
ABM Industries topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 16.9%.
ManpowerGroup has a long-term earnings growth expectation of 12%. It surpassed estimates thrice in the trailing four quarters with an average positive earnings surprise of 4.5%.
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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. | Some other stocks in the industry worth considering include NV5 Global, Inc. NVEE , ABM Industries Incorporated ABM and ManpowerGroup Inc. MAN , each carrying a Zacks Rank #2. ABM Industries topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 16.9%. 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 ManpowerGroup (MAN): Free Stock Analysis Report To read this article on Zacks.com click here. | Some other stocks in the industry worth considering include NV5 Global, Inc. NVEE , ABM Industries Incorporated ABM and ManpowerGroup Inc. MAN , each carrying a Zacks Rank #2. ABM Industries topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 16.9%. 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 ManpowerGroup (MAN): Free Stock Analysis Report To read this article on Zacks.com click here. | Some other stocks in the industry worth considering include NV5 Global, Inc. NVEE , ABM Industries Incorporated ABM and ManpowerGroup Inc. MAN , each carrying a Zacks Rank #2. 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 ManpowerGroup (MAN): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 16.9%. | Some other stocks in the industry worth considering include NV5 Global, Inc. NVEE , ABM Industries Incorporated ABM and ManpowerGroup Inc. MAN , each carrying a Zacks Rank #2. ABM Industries topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 16.9%. 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 ManpowerGroup (MAN): Free Stock Analysis Report To read this article on Zacks.com click here. |
29504.0 | 2017-07-13 00:00:00 UTC | Company News for July 13, 2017 | ABM | https://www.nasdaq.com/articles/company-news-for-july-13-2017-2017-07-13 | nan | nan | • Shares of ABM Industries Incorporated ABM advanced 2.9% following news that the company has decided to acquire GCA Services Group for about $1.25 billion
• Twitter, Inc.'s TWTR shares gained 3.3% after Ned Segal was appointed as chief financial officer by the company on July 11
• Shares of Apple AAPL rose 0.1% following news that the company has decided to develop a new data center facility in China
• The Dow Chemical Company's DOW shares gained 2.7% after the company revealed it was selling a part of its Brazil corn-seed business to Citic Agri Fund
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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 ABM Industries Incorporated ABM advanced 2.9% following news that the company has decided to acquire GCA Services Group for about $1.25 billion • Twitter, Inc.'s TWTR shares gained 3.3% after Ned Segal was appointed as chief financial officer by the company on July 11 • Shares of Apple AAPL rose 0.1% following news that the company has decided to develop a new data center facility in China • The Dow Chemical Company's DOW shares gained 2.7% after the company revealed it was selling a part of its Brazil corn-seed business to Citic Agri Fund Want the latest recommendations from Zacks Investment Research? Click to get this free report Twitter, Inc. (TWTR): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Dow Chemical Company (The) (DOW): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days. | • Shares of ABM Industries Incorporated ABM advanced 2.9% following news that the company has decided to acquire GCA Services Group for about $1.25 billion • Twitter, Inc.'s TWTR shares gained 3.3% after Ned Segal was appointed as chief financial officer by the company on July 11 • Shares of Apple AAPL rose 0.1% following news that the company has decided to develop a new data center facility in China • The Dow Chemical Company's DOW shares gained 2.7% after the company revealed it was selling a part of its Brazil corn-seed business to Citic Agri Fund Want the latest recommendations from Zacks Investment Research? Click to get this free report Twitter, Inc. (TWTR): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Dow Chemical Company (The) (DOW): Free Stock Analysis Report Apple Inc. (AAPL): 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. | • Shares of ABM Industries Incorporated ABM advanced 2.9% following news that the company has decided to acquire GCA Services Group for about $1.25 billion • Twitter, Inc.'s TWTR shares gained 3.3% after Ned Segal was appointed as chief financial officer by the company on July 11 • Shares of Apple AAPL rose 0.1% following news that the company has decided to develop a new data center facility in China • The Dow Chemical Company's DOW shares gained 2.7% after the company revealed it was selling a part of its Brazil corn-seed business to Citic Agri Fund Want the latest recommendations from Zacks Investment Research? Click to get this free report Twitter, Inc. (TWTR): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Dow Chemical Company (The) (DOW): Free Stock Analysis Report Apple Inc. (AAPL): 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. | • Shares of ABM Industries Incorporated ABM advanced 2.9% following news that the company has decided to acquire GCA Services Group for about $1.25 billion • Twitter, Inc.'s TWTR shares gained 3.3% after Ned Segal was appointed as chief financial officer by the company on July 11 • Shares of Apple AAPL rose 0.1% following news that the company has decided to develop a new data center facility in China • The Dow Chemical Company's DOW shares gained 2.7% after the company revealed it was selling a part of its Brazil corn-seed business to Citic Agri Fund Want the latest recommendations from Zacks Investment Research? Click to get this free report Twitter, Inc. (TWTR): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Dow Chemical Company (The) (DOW): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days. |
29505.0 | 2017-07-12 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-2017-07-12 | nan | nan | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $41.41, changing hands as high as $42.76 per share. ABM Industries, Inc. shares are currently trading up about 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 $36.62 per share, with $45.0275 as the 52 week high point - that compares with a last trade of $42.81.
ABM makes up 3.81% of the Environmental Services ETF (Symbol: EVX)
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 Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $41.41, changing hands as high as $42.76 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 $36.62 per share, with $45.0275 as the 52 week high point - that compares with a last trade of $42.81. ABM makes up 3.81% of the Environmental Services ETF (Symbol: EVX) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $41.41, changing hands as high as $42.76 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 $36.62 per share, with $45.0275 as the 52 week high point - that compares with a last trade of $42.81. ABM makes up 3.81% of the Environmental Services ETF (Symbol: EVX) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $41.41, changing hands as high as $42.76 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 $36.62 per share, with $45.0275 as the 52 week high point - that compares with a last trade of $42.81. ABM makes up 3.81% of the Environmental Services ETF (Symbol: EVX) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $41.41, changing hands as high as $42.76 per share. ABM Industries, Inc. shares are currently trading up about 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 $36.62 per share, with $45.0275 as the 52 week high point - that compares with a last trade of $42.81. |
29506.0 | 2017-07-12 00:00:00 UTC | ABM Likely to Buy GCA Services to Boost Education Foothold | ABM | https://www.nasdaq.com/articles/abm-likely-to-buy-gca-services-to-boost-education-foothold-2017-07-12 | nan | nan | Facility management provider ABM Industries IncorporatedABM is expected to announce a deal to acquire the privately-held rival, GCA Services Group Inc., worth $1.25 billion.
The deal is likely to expand the company's foothold in the educational and commercial markets. Per sources familiar with the matter, the transaction is expected to close by September.
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.
GCA Services has traded hands a couple of times in the recent years. The company is currently owned by The Goldman Sachs Group Inc. GS and private-equity firm, Thomas H. Lee Partners LP. It was acquired from The Blackstone Group L.P. BX in 2016, which had bought the company in 2012 from a group led by investment firm, Nautic Partners LLC.
ABM, with a market value of $2.2 billion, is likely to pay $850 million in cash and $400 million in stock for GCA Services. ABM will initially incur a $70 million charge in connection with the deal. However, the company expects to add about $1.1 billion in revenues one year after the completion of the deal, with $600 million from the education industry.
This deal will help ABM enhance its service offerings as both the companies offer similar services. However, GCA Services provides its service to schools which would be an added advantage for ABM, since the company can expand its presence in the educational sector.
On completion of the deal, ABM will have 137,000 employees. For full-year 2016, ABM's annual revenues rose 5% to $5.14 billion from the year-ago period. ABM has outperformed the Zacks categorized Building Products - Maintenance Service industry in the last one month, with an average loss of 1.7% compared with a decline of 3.6% for the latter. The company plans to grow through strategic acquisitions and organic initiatives while maintaining desirable profit margins. ABM'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 momentum.
ABM currently carries a Zacks Rank #3 (Hold). A better-ranked stock in the industry is Bunzl plc BZLFY . You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Bunzl has a long-term earnings growth expectation of 3.2% and is currently trading at a forward P/E of 20 x.
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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. | Facility management provider ABM Industries IncorporatedABM is expected to announce a deal to acquire the privately-held rival, GCA Services Group Inc., worth $1.25 billion. ABM'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. ABM, with a market value of $2.2 billion, is likely to pay $850 million in cash and $400 million in stock for GCA Services. | Facility management provider ABM Industries IncorporatedABM is expected to announce a deal to acquire the privately-held rival, GCA Services Group Inc., worth $1.25 billion. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Bunzl PLC (BZLFY): Free Stock Analysis Report Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report The Blackstone Group L.P. (BX): Free Stock Analysis Report To read this article on Zacks.com click here. ABM, with a market value of $2.2 billion, is likely to pay $850 million in cash and $400 million in stock for GCA Services. | Facility management provider ABM Industries IncorporatedABM is expected to announce a deal to acquire the privately-held rival, GCA Services Group Inc., worth $1.25 billion. ABM, with a market value of $2.2 billion, is likely to pay $850 million in cash and $400 million in stock for GCA Services. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Bunzl PLC (BZLFY): Free Stock Analysis Report Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report The Blackstone Group L.P. (BX): 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 Bunzl PLC (BZLFY): Free Stock Analysis Report Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report The Blackstone Group L.P. (BX): Free Stock Analysis Report To read this article on Zacks.com click here. Facility management provider ABM Industries IncorporatedABM is expected to announce a deal to acquire the privately-held rival, GCA Services Group Inc., worth $1.25 billion. ABM, with a market value of $2.2 billion, is likely to pay $850 million in cash and $400 million in stock for GCA Services. |
29507.0 | 2017-07-10 00:00:00 UTC | ABM Industries (ABM) Down 7.8% Since Earnings Report: Can It Rebound? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-down-7.8-since-earnings-report%3A-can-it-rebound-2017-07-10 | nan | nan | A month has gone by since the last earnings report for ABM Industries IncorporatedABM . Shares have lost about 7.8% in that time frame, underperforming 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 catalysts.
ABM Industries Beats Q2 Earnings, Raises FY17 View
ABM recorded solid second-quarter fiscal 2017 (ended Apr 30, 2017) results on the back of revenue improvements across most of the operating segments. Adjusted earnings (from continuing operations) for the reported quarter were $27.8 million or $0.49 per share compared with $17.7 million or $0.31 per share in the year-ago quarter. Adjusted earnings for the quarter beat the Zacks Consensus Estimate by $0.06.
On a GAAP basis, net income for the reported quarter was $31.3 million or $0.55 per share compared with $4.4 million or $0.08 per share in the year-earlier quarter. The year-over-year increase was primarily attributable to top-line growth and impairment recovery related to the Government Services business.
Top-Line Improvement
Revenues for the reported quarter increased 4.2% year over year to $1,310.5 million, largely driven by growth in the Aviation segment due to new businesses from existing clients. Rise in revenues from the Aviation segment were driven by higher passenger services, cabin cleaning, and parking and transportation services with new and existing customers. Organic growth improved 3.6% year over year, while acquisitions contributed $8.7 million of incremental revenues during the quarter. Quarterly revenues exceeded the Zacks Consensus Estimate of $1,308 million.
Operating profit improved to $51.0 million from $11.8 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 increased to $60.5 million from $46.0 million in the year-earlier quarter for respective margins of 4.6% and 3.7%.
Financial Position
Cash and cash equivalents at the quarter end were $55.7 million with total debt aggregating $406.8 million. Net cash provided by operating activities during the quarter was $59.3 million compared with $86.3 million in the prior-year period.
During the quarter, the company did not repurchase any shares under its share repurchase program. As of Apr 30, 2017, ABM had shares worth $134.1 million remaining for repurchase under its $200 million share buyback program.
Divesture of Government Services Business
Subsequent to the quarter end, ABM completed the sale of the Government Services business to an affiliate of Valiant Integrated Services for pre-tax proceeds of $35.5 million. The company recorded an impairment recovery of $17.4 million during the quarter for the transaction.
Fiscal 2017 Guidance Raised
With strong quarterly results and steady progress in its Vision 2020 plan and lower-than-expected overhead expenses, ABM raised its fiscal 2017 guidance. For the fiscal year, it expects adjusted income from continuing operations in the range of $1.85-$1.95 per share, up from the earlier projection of $1.80-$1.90. GAAP income from continuing operations is expected within $1.63-$1.73 per share, significantly up from $1.40-$1.50 anticipated earlier.
How Have Estimates Been Moving Since Then?
Following the release, investors have witnessed a downward trend in fresh estimates. There have been two revisions 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 Industries' stock has a great Growth Score of 'A', though it is lagging a bit on the momentum front with a 'B'. Following the exact same course, the stock was allocated also a grade of 'B' on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'A'. If you aren't focused on one strategy, this score is the one you should be interested in.
Based on our scores, the stock is more suitable for growth investors than those looking for value and momentum.
Outlook
Estimates have been broadly trending downward for the stock. The magnitude of this revision also indicates a downward shift. Interestingly, the stock has a Zacks Rank #3 (Hold). We are expecting an inline 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 IncorporatedABM . ABM Industries Beats Q2 Earnings, Raises FY17 View ABM recorded solid second-quarter fiscal 2017 (ended Apr 30, 2017) results on the back of revenue improvements across most of the operating segments. As of Apr 30, 2017, ABM had shares worth $134.1 million remaining for repurchase under its $200 million share buyback program. | ABM Industries Beats Q2 Earnings, Raises FY17 View ABM recorded solid second-quarter fiscal 2017 (ended Apr 30, 2017) results on the back of revenue improvements across most of the operating segments. ABM Industries Incorporated Price and Consensus ABM Industries Incorporated Price and Consensus | ABM Industries Incorporated Quote VGM Scores At this time, ABM Industries' stock has a great Growth Score of 'A', though it is lagging a bit on the momentum front with a 'B'. A month has gone by since the last earnings report for ABM Industries IncorporatedABM . | ABM Industries Incorporated Price and Consensus ABM Industries Incorporated Price and Consensus | ABM Industries Incorporated Quote VGM Scores At this time, ABM Industries' stock has a great Growth Score of 'A', though it is lagging a bit on the momentum front with a 'B'. A month has gone by since the last earnings report for ABM Industries IncorporatedABM . ABM Industries Beats Q2 Earnings, Raises FY17 View ABM recorded solid second-quarter fiscal 2017 (ended Apr 30, 2017) results on the back of revenue improvements across most of the operating segments. | ABM Industries Beats Q2 Earnings, Raises FY17 View ABM recorded solid second-quarter fiscal 2017 (ended Apr 30, 2017) results on the back of revenue improvements across most of the operating segments. A month has gone by since the last earnings report for ABM Industries IncorporatedABM . As of Apr 30, 2017, ABM had shares worth $134.1 million remaining for repurchase under its $200 million share buyback program. |
29508.0 | 2017-06-30 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for July 03, 2017 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-july-03-2017-2017-06-30 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 03, 2017. A cash dividend payment of $0.17 per share is scheduled to be paid on August 07, 2017. 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 $41.59, the dividend yield is 1.64%.
The previous trading day's last sale of ABM was $41.59, representing a -7.63% decrease from the 52 week high of $45.03 and a 16.6% increase over the 52 week low of $35.67.
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 $.24. Zacks Investment Research reports ABM's forecasted earnings growth in 2017 as 11.49%, compared to an industry average of 4.2%.
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 0.74% over the last 100 days. It also has the highest percent weighting of ABM at 1.71%.
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 11.49%, compared to an industry average of 4.2%. 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 $.24. 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, 2017. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 03, 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 $.24. 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 July 03, 2017. |
29509.0 | 2017-06-29 00:00:00 UTC | ABM to Save $13.7 Million in Energy Costs for Newton County | ABM | https://www.nasdaq.com/articles/abm-to-save-%2413.7-million-in-energy-costs-for-newton-county-2017-06-29 | nan | nan | Leading provider of facility solutions, ABM Industries IncorporatedABM has started a series of energy-saving initiatives in 15 county-owned facilities in Newton County, GA, to save over $13.7 million in energy and operating costs over a 15-year period. The comprehensive energy performance contracting program through ABM's Technical Solutions group is likely to be completed by Apr 2018.
In order to reduce energy costs, ABM is implementing various energy-efficient infrastructure upgrades to various buildings in the region such as rejuvenated HVAC (heating, ventilation and air conditioning) systems and maintenance, lighting upgrades to efficient LED lighting systems, water conservation upgrades and new energy management systems. Some noteworthy facilities in the county that are likely to get an infrastructure facelift include the Newton County Detention Center, the Judicial Center, the Administration Building, the Historic Courthouse, the Public Works and Maintenance Building, the Fire Administration Building, two recreation centers and seven fire stations.
ABM's energy performance contracting program aims to either replace or upgrade the aging infrastructure facilities without incurring upfront costs. This is primarily achieved through the reallocation of current and future owning and operating costs while maximizing energy efficiency and lowering overall annual costs. The program is designed according to the clients' technical facility needs and sustainability goals. It seeks to eliminate redundant costs in a client's operating budget, allowing savings to fund the upgrades.
ABM recently got enlisted in the multi-million energy savings performance contract from the U.S. Department of Energy. This multi-award task order contract enables the company to compete for over $750 million of projects awarded each year to reduce energy costs of federal buildings.
The selection of ABM in the empanelled list validates its superior track record of helping federal agencies save huge costs through energy-saving solutions. Over the years, the company has offered extensive energy and facility improvements to various federal buildings throughout southern California. The energy performance contracting program of the company guarantees minimum savings of $48.4 million in energy and operating costs over the next 20 years, reducing energy consumption by more than 40%.
However, ABM has underperformed the Zacks categorized Building Products - Maintenance Service industry with an average year-to-date return of 3.2% compared with a gain of 7.6% 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 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). Some better-ranked stocks in the industry include Limbach Holdings, Inc. LMB , SPS Commerce, Inc. SPSC and InnerWorkings, Inc. INWK , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Limbach Holdings has a long-term earnings growth expectation of 16%.
SPS Commerce has a long-term earnings growth expectation of 22.5%. It has beaten earnings estimates in each of the trailing four quarters with a positive surprise of 104.2%.
InnerWorkings has a long-term earnings growth expectation of 21.7%.
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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 selection of ABM in the empanelled list validates its superior track record of helping federal agencies save huge costs through energy-saving solutions. Leading provider of facility solutions, ABM Industries IncorporatedABM has started a series of energy-saving initiatives in 15 county-owned facilities in Newton County, GA, to save over $13.7 million in energy and operating costs over a 15-year period. The comprehensive energy performance contracting program through ABM's Technical Solutions group is likely to be completed by Apr 2018. | Click to get this free report SPS Commerce, Inc. (SPSC): Free Stock Analysis Report InnerWorkings, Inc. (INWK): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Limbach Holdings, Inc. (LMB): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries IncorporatedABM has started a series of energy-saving initiatives in 15 county-owned facilities in Newton County, GA, to save over $13.7 million in energy and operating costs over a 15-year period. The comprehensive energy performance contracting program through ABM's Technical Solutions group is likely to be completed by Apr 2018. | In order to reduce energy costs, ABM is implementing various energy-efficient infrastructure upgrades to various buildings in the region such as rejuvenated HVAC (heating, ventilation and air conditioning) systems and maintenance, lighting upgrades to efficient LED lighting systems, water conservation upgrades and new energy management systems. Click to get this free report SPS Commerce, Inc. (SPSC): Free Stock Analysis Report InnerWorkings, Inc. (INWK): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Limbach Holdings, Inc. (LMB): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries IncorporatedABM has started a series of energy-saving initiatives in 15 county-owned facilities in Newton County, GA, to save over $13.7 million in energy and operating costs over a 15-year period. | Leading provider of facility solutions, ABM Industries IncorporatedABM has started a series of energy-saving initiatives in 15 county-owned facilities in Newton County, GA, to save over $13.7 million in energy and operating costs over a 15-year period. The comprehensive energy performance contracting program through ABM's Technical Solutions group is likely to be completed by Apr 2018. In order to reduce energy costs, ABM is implementing various energy-efficient infrastructure upgrades to various buildings in the region such as rejuvenated HVAC (heating, ventilation and air conditioning) systems and maintenance, lighting upgrades to efficient LED lighting systems, water conservation upgrades and new energy management systems. |
29510.0 | 2017-06-26 00:00:00 UTC | ABM to Save Significant Energy Costs of Federal Buildings | ABM | https://www.nasdaq.com/articles/abm-to-save-significant-energy-costs-of-federal-buildings-2017-06-26 | nan | nan | Leading provider of facility solutions, ABM Industries IncorporatedABM recently got enlisted in the multi-million energy savings performance contract (ESPC) from the U.S. Department of Energy. This multi-award task order contract enables the company to compete for over $750 million of projects awarded each year to reduce energy costs of federal buildings.
The U.S. Department of Energy's ESPC is reportedly the largest energy services company (ESCO) contract vehicle managed by the federal government and follows rigorous and strict selection criteria to shortlist firms for the process. The ESPC projects facilitates federal agencies to undertake energy savings initiatives without incurring up-front capital costs through qualified ESCOs that possess the requisite capabilities to implement the proposed changes.
The selection of ABM in the empanelled ESCO list validates its superior track record of helping federal agencies save huge costs through energy-saving solutions. Over the years, the company has offered extensive energy and facility improvements to various federal buildings throughout southern California. The energy performance contracting program of the company guarantees minimum savings of $48.4 million in energy and operating costs over the next 20 years, reducing energy consumption by more than 40%.
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 vision for the next five years and hinges on three primary phases. The first phase 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 operates in the Zacks categorized Building Products - Maintenance Service industry. Other players in the industry include Limbach Holdings, Inc. LMB , Rollins, Inc. ROL and ServiceMaster Global Holdings, Inc. SERV .
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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 selection of ABM in the empanelled ESCO list validates its superior track record of helping federal agencies save huge costs through energy-saving solutions. Leading provider of facility solutions, ABM Industries IncorporatedABM recently got enlisted in the multi-million energy savings performance contract (ESPC) from the U.S. Department of Energy. 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 ServiceMaster Global Holdings, Inc. (SERV): Free Stock Analysis Report Limbach Holdings, Inc. (LMB): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries IncorporatedABM recently got enlisted in the multi-million energy savings performance contract (ESPC) from the U.S. Department of Energy. The selection of ABM in the empanelled ESCO list validates its superior track record of helping federal agencies save huge costs through energy-saving solutions. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report ServiceMaster Global Holdings, Inc. (SERV): Free Stock Analysis Report Limbach Holdings, Inc. (LMB): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries IncorporatedABM recently got enlisted in the multi-million energy savings performance contract (ESPC) from the U.S. Department of Energy. The selection of ABM in the empanelled ESCO list validates its superior track record of helping federal agencies save huge costs through energy-saving solutions. | 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 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. Leading provider of facility solutions, ABM Industries IncorporatedABM recently got enlisted in the multi-million energy savings performance contract (ESPC) from the U.S. Department of Energy. |
29511.0 | 2017-06-15 00:00:00 UTC | 5 Dividend Aristocrats Where Analysts See Capital Gains | ABM | https://www.nasdaq.com/articles/5-dividend-aristocrats-where-analysts-see-capital-gains-2017-06-15 | 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 DOV - 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 DOV - 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 DOV - 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. |
29512.0 | 2017-06-05 00:00:00 UTC | ABM Industries (ABM) Q2 Earnings: What's in the Cards? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q2-earnings%3A-whats-in-the-cards-2017-06-05 | nan | nan | Leading provider of facility solutions, ABM Industries Inc.ABM is scheduled to report second-quarter fiscal 2017 results after the markets closes on Jun 7. In the last reported quarter, adjusted earnings beat the Zacks Consensus Estimate by 5 cents. Over the last four quarters, earnings beat estimates thrice, with an average positive earnings surprise of 16.08%.
Let's see how things are shaping up for this announcement.
Factors to Consider
In order to fuel its growth momentum,the company embarked on a Vision 2020 Plan which outlines its vision for the next five years. It 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 actions are likely to help ABM fuel its growth momentum.
The company's strategy entails growth through strategic acquisitions and organic growth while maintaining desirable profit margins. The company has a healthy pipeline of future businesses with strength particularly seen in its government business. ABM'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 stated that corporate restructuring initiatives are well on track to yield sustained long-term growth momentum. ABM has further reiterated its bullish fiscal 2017 guidance. For the fiscal year, it expects adjusted income from continuing operations in the range of $1.80-$1.90 per share on the back of recognition of higher-than-expected 2020 Vision savings.
However, as ABM has a significant presence in the U.K., it becomes difficult for it to increase revenues and reduce costs due to the highly unpredictable state of the European economy post Brexit. 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.
Given the low cost of entry into the facility services business, ABM also faces intense competition from local and national players. Furthermore, the company faces indirect competition from building owners or tenants, who perform one or more of these services internally in order to cut costs, especially in the areas where external services are subject to sales tax. These strong competitive pressures could limit the company's success rate in bidding for profitable businesses and its ability to increase prices in accordance with the rising costs.
Earnings Whispers
Our proven model does not conclusively show that ABM is likely to beat earnings this quarter as it lacks the key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. This is not the case here as you will see below:
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, currently stands at 0.00%.
Zacks Rank: ABM carries a Zacks Rank #3 which when combined with 0.00% ESP makes surprise prediction uncertain.
Note that we caution against stocks with a Zacks Rank #4 or #5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Vail Resorts, Inc. MTN , expected to report earnings on Jun 8, has an Earnings ESP of +3.41% and a Zacks Rank #2.You can see the complete list of today's Zacks #1 Rank stocks here.
ARI Network Services, Inc. ARIS , expected to report earnings on Jun 8, has an Earnings ESP of +133.33% and a Zacks Rank #3.
Xactly Corporation XTLY , expected to report earnings on Jun 8, and has an Earnings ESP of +6.25% and a Zacks Rank #3.
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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'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. However, as ABM has a significant presence in the U.K., it becomes difficult for it to increase revenues and reduce costs due to the highly unpredictable state of the European economy post Brexit. Leading provider of facility solutions, ABM Industries Inc.ABM is scheduled to report second-quarter fiscal 2017 results after the markets closes on Jun 7. | ABM'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. Click to get this free report Xactly Corporation (XTLY): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ARI Network Services, Inc. (ARIS): Free Stock Analysis Report Vail Resorts, Inc. (MTN): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries Inc.ABM is scheduled to report second-quarter fiscal 2017 results after the markets closes on Jun 7. | Click to get this free report Xactly Corporation (XTLY): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ARI Network Services, Inc. (ARIS): Free Stock Analysis Report Vail Resorts, Inc. (MTN): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries Inc.ABM is scheduled to report second-quarter fiscal 2017 results after the markets closes on Jun 7. 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'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. Leading provider of facility solutions, ABM Industries Inc.ABM is scheduled to report second-quarter fiscal 2017 results after the markets closes on Jun 7. 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. |
29513.0 | 2017-05-11 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-2017-05-11 | 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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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 SPGI - 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 SPGI - 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. 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 SPGI - 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. |
29514.0 | 2017-04-27 00:00:00 UTC | International Paper (IP) Surpasses Q1 Earnings & Revenues | ABM | https://www.nasdaq.com/articles/international-paper-ip-surpasses-q1-earnings-revenues-2017-04-27 | nan | nan | Paper and packaging firm International Paper CompanyIP reported first-quarter 2017 results with adjusted operating earnings of $249 million or 60 cents per share compared with $330 million or 80 cents per share in the year-ago quarter. Although operating earnings declined year over year, it exceeded the Zacks Consensus Estimate of 56 cents.
GAAP earnings for the quarter were $209 million or 51 cents per share compared with $334 million or 81 cents in the year-ago quarter.
Net sales were $5,511 million in the reported quarter compared with $5,110 million in the year-ago quarter and exceeded the Zacks Consensus Estimate of $5,383 million. The year-over-year increase was primarily due to benefits from the pulp business that was acquired in late 2016.
Total business segment operating profit in the reported quarter was $428 million compared with $497 million in first-quarter 2016.
Segment Performance
Industrial Packaging: Sales from this segment increased to $3,499 million from $3,452 million in the year-ago period. Operating profit decreased to $365 million from $396 million in the year-ago quarter. In North America, sales price increase realizations for containerboard and boxes were more than offset by seasonally lower box demand, higher OCC costs and higher mill outage expenses, along with the impact from the Pensacola mill digester incident.
Printing Papers: Sales from this segment were $995 million in the reported quarter versus $972 million in the year-earlier quarter. Operating profit for the segment was $100 million versus $135 million in the year-ago quarter due to seasonally lower domestic sales volumes and unfavorable mix which led to lower earnings in Brazil. Earnings in North America were adversely impacted by higher input costs and maintenance outage expenses.
Consumer Packaging: Sales from this segment decreased to $466 million from $495 million in the prior-year quarter. Operating profit was $33 million compared with $16 million in the year-ago quarter due to seasonally higher volume and lower planned maintenance outage expenses.
International Paper combined its legacy pulp business with the acquired pulp business to form a new business segment called Global Cellulose Fibers . Sales from this segment were $564 million compared with $212 million in the prior-year quarter. Operating loss was $70 million compared with operating loss of $50 million a year ago.
Balance Sheet
On Mar 31, 2017, cash and temporary investments aggregated $998 million while long-term debt was $10,823 million. During the quarter, cash flow from operating activities was $633 million compared with $620 million in the prior-year period. Free cash flow for quarter was $259 million compared with $311 million in the prior-year period.
Moving Forward
Quarterly results reflect $50 million in maintenance outage expenses, including a major energy optimization project at the Port Wentworth mill. Operations and costs were affected by the incident at Pensacola mill digester and a delayed start up at Port Wentworth. The business is starting to benefit from announced price hikes and synergies of $14 million in the quarter from the pulp business buyout.
Management expects strong second half results, as well as positive momentum entering 2018. The company is likely to generate significant year-over-year earnings growth and continued strong cash flow in 2017.
International Paper Company Price, Consensus and EPS Surprise
International Paper Company Price, Consensus and EPS Surprise | International Paper Company Quote
International Paper currently holds a Zacks Rank #2 (Buy). Some other stocks worth considering include Genpact Limited G , US Ecology, Inc. ECOL and ABM Industries Incorporated ABM , each carrying Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Genpact has a long-term earnings growth expectation of 12.5% and is currently trading at a forward P/E of 17.1x.
US Ecology has a long-term earnings growth expectation of 5% and is currently trading at a forward P/E of 27x.
ABM Industries has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 23.5%.
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Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
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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. | Some other stocks worth considering include Genpact Limited G , US Ecology, Inc. ECOL and ABM Industries Incorporated ABM , each carrying Zacks Rank #2. ABM Industries has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 23.5%. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report International Paper Company (IP): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report US Ecology, Inc. (ECOL): 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 International Paper Company (IP): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report US Ecology, Inc. (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. Some other stocks worth considering include Genpact Limited G , US Ecology, Inc. ECOL and ABM Industries Incorporated ABM , each carrying Zacks Rank #2. ABM Industries has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 23.5%. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report International Paper Company (IP): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report US Ecology, Inc. (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. Some other stocks worth considering include Genpact Limited G , US Ecology, Inc. ECOL and ABM Industries Incorporated ABM , each carrying Zacks Rank #2. ABM Industries has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 23.5%. | Some other stocks worth considering include Genpact Limited G , US Ecology, Inc. ECOL and ABM Industries Incorporated ABM , each carrying Zacks Rank #2. ABM Industries has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 23.5%. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report International Paper Company (IP): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report US Ecology, Inc. (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. |
29515.0 | 2017-04-27 00:00:00 UTC | Cimpress (CMPR) Reports Wider-than-Expected Loss in Q3 | ABM | https://www.nasdaq.com/articles/cimpress-cmpr-reports-wider-than-expected-loss-in-q3-2017-04-27 | nan | nan | Business services provider Cimpress N.V.CMPR reported lackluster third-quarter fiscal 2017 results with a wider GAAP loss and revenues missing estimates. GAAP loss for the quarter was $42.7 million or $1.38 per share compared with loss of $32.7 million or $1.04 per share in the year-ago quarter. Despite higher revenues, results were affected by higher operating costs in the quarter. The reported loss was wider than the Zacks Consensus Estimate of loss of 68 cents.
Cimpress N.V Price, Consensus and EPS Surprise
Cimpress N.V Price, Consensus and EPS Surprise | Cimpress N.V Quote
Inside the Headlines
Total revenue in fiscal third quarter jumped 26% year over year to $550.6 million but missed the Zacks Consensus Estimate of $554 million. Excluding foreign currency translation impact and inorganic growth during the past 12 months, revenues increased 11% year over year. The improvement in revenues was primarily due to superior performance in the Upload and Print segment, partially offset by a decline in the Vistaprint segment and All Other segment due to the winding down of two partnerships.
Revenues from the Vistaprint segment came in at $321.3 million, down from $289.9 million in the year-ago quarter.
Revenues from the Upload and Print segment increased significantly to $142.5 million from $116.4 million in the year-earlier quarter. Revenues from All Other Business declined 8% year over year to $28.0 million from $30.6 million in the prior-year quarter.
Gross margin in the reported quarter contracted to 51.2% from 54.9% in the year-ago period. The fall was primarily due to the increased weighting of lower margin Upload and Print businesses, lower Vistaprint gross margins due to planned investments in projects, currency headwinds and production inefficiencies.
Adjusted net operating profit after tax in the reported quarter was $9.2 million, considerably down from $24 million in the year-ago period.
Decentralized Organizational Structure
Management decided to implement a radical change in the organizational structure by decentralizing operations in order to improve accountability for customer satisfaction and capital returns, simplify decision-making and improve the speed of execution. With operations in about 50 locations spanning 30 countries across six continents, decentralized decision making will enable the company to be nimble and entrepreneurial. The evolved corporate structure will likely lead to more accountability as the company expands its wings in new geographical boundaries and markets to strengthen its position as a leading provider of mass customization business products.
As part of the reorganization, which was announced in Jan 2017, several groups which were previously part of the company's corporate and global functions, including significant portions of its technology, manufacturing and supply chain, finance, legal and other related groups, have been decentralized into operating segments. Most of the groups transferred into the operating segments became part of the Vistaprint business and the Upload and Print business units. The company revised adjusted net operating profit for all prior periods to reflect its revised segment reporting.
Balance Sheet & Cash Flow
As of Mar 31, 2017, the company had $43.5 million in cash and cash equivalents and long-term debt of $860.2 million. At the quarter end, the company had $220.6 million of borrowing capacity available under its committed credit facility.
Capital expenditures in the reported quarter were $20.7 million or 3.8% of revenues. During the quarter, the company generated $9 million of cash from operations compared with $32.9 million in the year-ago quarter.
Cimpress currently has a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the include Genpact Limited G , US Ecology, Inc. ECOL and ABM Industries Incorporated ABM , each carrying Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Genpact has a long-term earnings growth expectation of 12.5% and is currently trading at a forward P/E of 17.1x.
US Ecology has a long-term earnings growth expectation of 5% and is currently trading at a forward P/E of 27x.
ABM Industries has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 23.5%.
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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. | Some better-ranked stocks in the include Genpact Limited G , US Ecology, Inc. ECOL and ABM Industries Incorporated ABM , each carrying Zacks Rank #2 (Buy). ABM Industries has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 23.5%. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Cimpress N.V (CMPR): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report US Ecology, Inc. (ECOL): 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 Cimpress N.V (CMPR): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report US Ecology, Inc. (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the include Genpact Limited G , US Ecology, Inc. ECOL and ABM Industries Incorporated ABM , each carrying Zacks Rank #2 (Buy). ABM Industries has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 23.5%. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Cimpress N.V (CMPR): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report US Ecology, Inc. (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the include Genpact Limited G , US Ecology, Inc. ECOL and ABM Industries Incorporated ABM , each carrying Zacks Rank #2 (Buy). ABM Industries has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 23.5%. | Some better-ranked stocks in the include Genpact Limited G , US Ecology, Inc. ECOL and ABM Industries Incorporated ABM , each carrying Zacks Rank #2 (Buy). ABM Industries has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 23.5%. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Cimpress N.V (CMPR): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report US Ecology, Inc. (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. |
29516.0 | 2017-04-25 00:00:00 UTC | S&P Global (SPGI) Beats Q1 Earnings, Revenue Estimates | ABM | https://www.nasdaq.com/articles/sp-global-spgi-beats-q1-earnings-revenue-estimates-2017-04-25 | nan | nan | Maintaining its earnings beat streak for the 22nd straight quarter, S&P Global, Inc.SPGI reported first-quarter 2017 adjusted earnings per share of $1.62, comfortably beating the Zacks Consensus Estimate of $1.40 per share. It was also up 35% compared with the year-earlier quarter tally of $1.20 per share.
Impressive bottom-line growth came on the back of robust organic revenue growth, diligent expense control measures and strategic share repurchases.
Revenues for the quarter were $1,453 million compared with $1,341 million in the year-ago quarter. Also, the top line beat the Zacks Consensus Estimate of $1,388 million. Top-line growth was fuelled by outstanding performance of the company's Global Ratings segment. Also, impressive performance of the S&P Dow Jones Indices business supplemented the growth.
Segmental Details
S&P Global Ratings segment's revenues increased 29% year over year to $714 million, chiefly driven by increase in transaction revenues. The growth of transaction revenues came on the back of substantial increase in high-yield bond, bank loan ratings and contract terms. Moreover, higher surveillance fees, entity fees and intersegment royalties from Market Intelligence and CRISIL drove non-transaction revenue growth.
Adjusted operating profit jumped 50% to $379 million from the prior-year quarter and adjusted operating profit margin increased 750 basis points to 53%. Strong revenue growth proved conducive to both adjusted operating profit and margin growth.
S&P Global Market and Commodities Intelligence revenues declined 10% year over year to $593 million, due to the sale of J.D. Power, the SPSE/CMA pricing businesses, and Equity and Fund Research last year. Also, the divesture of QuantHouse earlier this year proved to be a drag. In addition, the segment's adjusted operating profit fell 3% to $223 million.
However, the segment's adjusted operating margin expanded 270 basis points to 38%, primarily driven by gains from divestments of lower margin businesses and strong organic revenue growth.
S&P Dow Jones Indices revenues rose 14% to $115 million in the reported quarter, mainly attributable to growth in asset-linked fees. Also, both adjusted operating profit and adjusted operating margin recorded year-over-year growth. While adjusted profit attributable to the company increased 14% to $85 million, adjusted operating profit margin expanded 20 basis points to 68%.
Overall, S&P Global's operating profit margin improved by 640 basis points to 45% and the adjusted operating profit margin improved by 630 basis points to 47%. Strategic divesture of lower margin businesses, impressive organic revenue growth and productivity initiatives drove these improvements.
S&P Global Inc. Price, Consensus and EPS Surprise
S&P Global Inc. Price, Consensus and EPS Surprise | S&P Global Inc. Quote
Financial Aspects
S&P Global exited the first quarter with cash and cash equivalents of $2,411 million compared with $2,392 million at the end of Dec 31, 2016. Long-term debt was $3,565 million as of Mar 31, 2017, compared with $3,564 million as of Dec 31, 2016. During the first quarter of 2017, the company generated free cash flow from continuing operations of $306 million, a significant improvement over $136 million as of Dec 31, 2016.
During the first quarter, the company returned $307 million to shareholders. This was done through a combination of share repurchases and dividend payouts. It paid out $106 million in dividends and bought 1.5 million shares for $201 million.
Outlook
Concurrent with the earnings release, S&P Global hiked its full-year 2017 revenue guidance, from flat to low single-digit growth. Also, it has raised its guidance for adjusted EPS to $6.00-$6.20 from the earlier $5.90-$6.15.
To Conclude
S&P Global started 2017 on an impressive note with notable top and bottom-line beats. We believe that the company's strategic portfolio restructuring and focus on core business will continue to drive growth, going forward. This apart, strategic acquisitions and positive industry trends like surge of new high-yield bonds and leveraged loans, fuelled by tight interest-rate spreads, will continue to drive growth for the Zacks Rank #2 (Buy) company.
Other Stocks to Consider
Some other stocks worth considering in the industry are ABM Industries Incorporated ABM , ManpowerGroup Inc. MAN and TrueBlue, Inc. TBI . All three stocks carry the same Zacks Rank as S&P Global. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
ABM Industries has a decent earnings surprise history with an average positive surprise of 16.1% over the trailing four quarters, beating estimates all through.
ManpowerGroup came up with three earnings beat in the trailing four quarters and has an average positive surprise of 4.5%.
TrueBlue has an average positive surprise of 13.6% over the trailing four quarters, with three beats.
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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. | Other Stocks to Consider Some other stocks worth considering in the industry are ABM Industries Incorporated ABM , ManpowerGroup Inc. MAN and TrueBlue, Inc. TBI . ABM Industries has a decent earnings surprise history with an average positive surprise of 16.1% over the trailing four quarters, beating estimates all through. Click to get this free report S&P Global Inc. (SPGI): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ManpowerGroup (MAN): Free Stock Analysis Report TrueBlue, Inc. (TBI): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report S&P Global Inc. (SPGI): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ManpowerGroup (MAN): Free Stock Analysis Report TrueBlue, Inc. (TBI): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other stocks worth considering in the industry are ABM Industries Incorporated ABM , ManpowerGroup Inc. MAN and TrueBlue, Inc. TBI . ABM Industries has a decent earnings surprise history with an average positive surprise of 16.1% over the trailing four quarters, beating estimates all through. | Click to get this free report S&P Global Inc. (SPGI): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ManpowerGroup (MAN): Free Stock Analysis Report TrueBlue, Inc. (TBI): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other stocks worth considering in the industry are ABM Industries Incorporated ABM , ManpowerGroup Inc. MAN and TrueBlue, Inc. TBI . ABM Industries has a decent earnings surprise history with an average positive surprise of 16.1% over the trailing four quarters, beating estimates all through. | Other Stocks to Consider Some other stocks worth considering in the industry are ABM Industries Incorporated ABM , ManpowerGroup Inc. MAN and TrueBlue, Inc. TBI . ABM Industries has a decent earnings surprise history with an average positive surprise of 16.1% over the trailing four quarters, beating estimates all through. Click to get this free report S&P Global Inc. (SPGI): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report ManpowerGroup (MAN): Free Stock Analysis Report TrueBlue, Inc. (TBI): Free Stock Analysis Report To read this article on Zacks.com click here. |
29517.0 | 2017-04-24 00:00:00 UTC | ManpowerGroup (MAN) Shares Drop 2.9% on Q1 Earnings Miss | ABM | https://www.nasdaq.com/articles/manpowergroup-man-shares-drop-2.9-on-q1-earnings-miss-2017-04-24 | nan | nan | Premium business services company, ManpowerGroup Inc.MAN reported mixed first-quarter 2017 results. Quarterly adjusted earnings fell short of the Zacks Consensus Estimate by 1.8%, but revenues surpassed the same by 1.4%. However, share price of the stock dropped 2.89% ($2.99) at the close of the Apr 21 trading session, post the earnings release. We view the company's weaker-than-expected bottom-line performance during the reported quarter as the primary reason responsible for this negative sentiment.
Quarter in Details
Earnings
Quarterly adjusted earnings came in at $1.09 per share, up 11.2% year over year.
However, the bottom line fell short of the Zacks Consensus Estimate of $1.11.
The company noted that restructuring expenses hurt quarterly earnings by nearly 30 cents per share, however a lower income tax rate benefited the same by roughly 20 cents per share. Notably, ManpowerGroup stated that a strong U.S. dollar (relative to other currencies) also weighed over the company's quarterly earnings by 3 cents per share in the quarter.
Revenues
Revenues during the first quarter came in at $4,757.2 million, up 3.7% year over year. The top line also exceeded the Zacks Consensus Estimate of $4,690 million.
Segmental Details
ManpowerGroup reports revenues in terms of five segments, primarily classified on a geographic basis.
Sales from Southern Europe totaled $1,803.9 million, up 6.9% year over year. Asia Pacific & Middle Eastern (APME) sales increased 9.7% year over year to $632.4 million during the quarter. Northern Europe revenues during the quarter were $1,238.7 million, up 2% year over year.
However, first-quarter 2017 revenues from Americas came in at $1,026.2 million, down 1.9% year over year. Also, Right Management sales dropped 12.5% year over year to $56 million.
Costs
Total cost of services during the quarter increased 4.1% year over year to $3,969.4 million. Selling and administrative expenses were $660.8 million, up 2.9% year over year. Interest and other expenses were up 17% year over year during the reported quarter.
Margins
Gross profit margin during the quarter was 16.6%, down 30 basis points (bps) year over year. Operating margin contracted 20 bps to 2.7% during the quarter.
Balance Sheet and Cash Flow
Cash and cash equivalents were $724.4 million as of Mar 31, 2017, up from $598.5 million recorded at the end of 2016. Long-term debt at end of first-quarter 2017 came in at $796 million compared to $785.6 million recorded on Dec 31, 2016.
At the end of the first three months of 2017, ManpowerGroup provided cash worth $191 million from operating activities, as against $164.6 million recorded in the year-ago period. Capital expenditure during the quarter was $10.8 million compared with $16.6 million recorded at the end of first-quarter 2016.
Outlook
ManpowerGroup believes that its European business would strengthen in the quarters ahead. The company is poised to grow on the back of productive workforce and sound restructuring initiatives. However, on the other hand, adverse foreign currency translation impact is expected to hamper near-term results.
The company anticipates earnings within the range of $1.67-$1.75 per share in second-quarter 2017. The guidance includes the predicted negative currency impact of 8 cents per share, but excludes the effect of restructuring charges.
Our Take
Bullish factors such as increasing global demand, service diversification and greater operational efficacy are anticipated to drive near-term top- and bottom-line performance for the company. Over the last one month, shares of this Zacks Rank #2 (Buy) stock yielded a return of 1.28%, outperforming 0.58% growth recorded by the Zacks categorized Staffing Firms industry.
However, a stronger U.S. dollar might be a major setback. We even believe that escalating costs, if not checked soon, might trim the company's margins in the upcoming quarters.
Other Stocks to Consider
Some other similarly-ranked stocks in the same space are listed below:
ABM Industries Incorporated ABM has a positive average earnings surprise of 16.08% for the trailing four quarters. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Booz Allen Hamilton Holding Corporation BAH has a positive average earnings surprise of 1.63% for the last four quarters.
Fiserv, Inc. FISV generated a positive average earnings surprise of 1.20% in the past four quarters.
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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. | Other Stocks to Consider Some other similarly-ranked stocks in the same space are listed below: ABM Industries Incorporated ABM has a positive average earnings surprise of 16.08% for the trailing four quarters. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report ManpowerGroup (MAN): Free Stock Analysis Report Fiserv, Inc. (FISV): Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH): Free Stock Analysis Report To read this article on Zacks.com click here. We view the company's weaker-than-expected bottom-line performance during the reported quarter as the primary reason responsible for this negative sentiment. | Other Stocks to Consider Some other similarly-ranked stocks in the same space are listed below: ABM Industries Incorporated ABM has a positive average earnings surprise of 16.08% for the trailing four quarters. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report ManpowerGroup (MAN): Free Stock Analysis Report Fiserv, Inc. (FISV): Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH): Free Stock Analysis Report To read this article on Zacks.com click here. Booz Allen Hamilton Holding Corporation BAH has a positive average earnings surprise of 1.63% for the last four quarters. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report ManpowerGroup (MAN): Free Stock Analysis Report Fiserv, Inc. (FISV): Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other similarly-ranked stocks in the same space are listed below: ABM Industries Incorporated ABM has a positive average earnings surprise of 16.08% for the trailing four quarters. Quarter in Details Earnings Quarterly adjusted earnings came in at $1.09 per share, up 11.2% year over year. | Other Stocks to Consider Some other similarly-ranked stocks in the same space are listed below: ABM Industries Incorporated ABM has a positive average earnings surprise of 16.08% for the trailing four quarters. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report ManpowerGroup (MAN): Free Stock Analysis Report Fiserv, Inc. (FISV): Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH): Free Stock Analysis Report To read this article on Zacks.com click here. Quarter in Details Earnings Quarterly adjusted earnings came in at $1.09 per share, up 11.2% year over year. |
29518.0 | 2017-04-21 00:00:00 UTC | Interpublic (IPG) Beats Q1 Earnings Estimates, Revenues Miss | ABM | https://www.nasdaq.com/articles/interpublic-ipg-beats-q1-earnings-estimates-revenues-miss-2017-04-21 | nan | nan | The Interpublic Group of Companies, Inc.IPG reported first-quarter 2017 results with GAAP earnings of $21.5 million or 5 cents per share, up from $5.4 million or 1 cent per share in the year-earlier quarter. The year-over-year increase was primarily due to higher revenues. Earnings comfortably beat the Zacks Consensus Estimate of 2 cents.
Revenues
Revenues for the reported quarter were $1,753.9 million, up 0.7% from the prior-year period. The year-over-year increase was driven by 2.7% growth in organic revenues over the prior-year period despite a negative foreign currency translation effect of 1%. Net divestures negatively impacted revenues by 1%. Quarterly revenues missed the Zacks Consensus Estimate of $1,761 million.
Geographically, Interpublic saw organic growth of 2.9% in the U.S. and 2.2% in the international markets. The rise was triggered by new business wins and strength in all geographic regions, led by a notable performance in the domestic market.
Margins
Operating income increased to $29.7 million from $23 million in first-quarter 2016, driven by better cost-management efforts. Operating margin also improved to 1.7% from 1.3% in the prior-year quarter. Operating margin increased 40 basis points (bps) from the prior-year quarter. Total operating expenses in the quarter were $1,724.2 million, up 0.3% year over year, due to higher salary expenses.
Balance Sheet
As of Mar 31, 2017, cash, cash equivalents and marketable securities were $778.1 million compared with $680.3 million in the year-ago period. Total debt was $1.92 billion as of Mar 31, 2017.
Share Repurchase/Dividend
During the first quarter, the company repurchased 2.3 million shares for $55 million.
Interpublic paid a dividend of 18 cents per share for a total consideration of $70.9 million during the reported quarter.
Interpublic Group of Companies, Inc. (The) Price, Consensus and EPS Surprise
Interpublic Group of Companies, Inc. (The) Price, Consensus and EPS Surprise | Interpublic Group of Companies, Inc. (The) Quote
Outlook
For 2017, the company expects organic growth in the range of 3-4%, with a 50 bps improvement in operating margins.
Interpublic currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include JCDecaux SA JCDXF , ABM Industries Incorporated ABM and Genpact Limited G . JCDecaux sports a Zacks Rank #1 (Strong Buy), whereas ABM Industries and Genpact carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
JCDecaux has a long-term earnings growth expectation of 2.8% and is currently trading at a forward P/E of 25.3x.
ABM Industries has a long-term earnings growth expectation of 9% and is currently trading at a forward P/E of 22.6x.
Genpact has a long-term earnings growth expectation of 12.5% and is currently trading at a forward P/E of 16.9x.
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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. | Some better-ranked stocks in the industry include JCDecaux SA JCDXF , ABM Industries Incorporated ABM and Genpact Limited G . JCDecaux sports a Zacks Rank #1 (Strong Buy), whereas ABM Industries and Genpact carry a Zacks Rank #2 (Buy). ABM Industries has a long-term earnings growth expectation of 9% and is currently trading at a forward P/E of 22.6x. | JCDecaux sports a Zacks Rank #1 (Strong Buy), whereas ABM Industries and Genpact carry a Zacks Rank #2 (Buy). Click to get this free report Interpublic Group of Companies, Inc. (The) (IPG): Free Stock Analysis Report JC Decaux SA (JCDXF): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include JCDecaux SA JCDXF , ABM Industries Incorporated ABM and Genpact Limited G . | Click to get this free report Interpublic Group of Companies, Inc. (The) (IPG): Free Stock Analysis Report JC Decaux SA (JCDXF): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include JCDecaux SA JCDXF , ABM Industries Incorporated ABM and Genpact Limited G . JCDecaux sports a Zacks Rank #1 (Strong Buy), whereas ABM Industries and Genpact carry a Zacks Rank #2 (Buy). | Some better-ranked stocks in the industry include JCDecaux SA JCDXF , ABM Industries Incorporated ABM and Genpact Limited G . JCDecaux sports a Zacks Rank #1 (Strong Buy), whereas ABM Industries and Genpact carry a Zacks Rank #2 (Buy). ABM Industries has a long-term earnings growth expectation of 9% and is currently trading at a forward P/E of 22.6x. |
29519.0 | 2017-04-11 00:00:00 UTC | Here's Why You Should Bet on ABM Industries (ABM) Stock Now | ABM | https://www.nasdaq.com/articles/heres-why-you-should-bet-on-abm-industries-abm-stock-now-2017-04-11 | nan | nan | Headquartered in San Francisco, CA, ABM Industries IncorporatedABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. The stock appears to be a prudent long-term investment proposition backed by its solid Zacks Rank #2 (Buy) and inherent growth potential.
Growth Drivers
ABM Industries 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 offered higher margin opportunities by enabling it to deliver better 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 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 Industries 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 Industries outperformed the Building Products - Maintenance Services industry in the last one-year period with an average return of 31.1% compared with 19.9% gain for the latter. The company 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. Further, ABM Industries offered bullish fiscal 2017 guidance. For the fiscal year, it expects adjusted income from continuing operations in the range of $1.80-$1.90 per share. The increased guidance is primarily due to the recognition of higher-than-expected 2020 Vision savings.
The stock has long-term earnings growth expectations of 8%. Earnings estimates for the company for the current quarter increased from 41 cents to 44 cents in the last couple of months while that for the current year rose from $1.85 to $1.89, signifying inherent strengths.
Other Stocks to Consider
Some other top stocks in the industry include CBIZ, Inc. CBZ , CRA International Inc. CRAI and Exponent Inc. EXPO , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
CBIZ is currently trading at a forward P/E of 17.35x. It topped estimates twice in the trailing four quarters with an average positive earnings surprise of 21.45%.
CRA International has a long-term earnings growth expectation of 8%. It surpassed estimates thrice in the trailing four quarters with an average positive earnings surprise of 16.02%.
Exponent has a long-term earnings growth expectation of 12%. It topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 9.35%.
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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. | Headquartered in San Francisco, CA, ABM Industries IncorporatedABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. Growth Drivers ABM Industries 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 Industries 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. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report CRA International,Inc. Headquartered in San Francisco, CA, ABM Industries IncorporatedABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. Growth Drivers ABM Industries 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 CRA International,Inc. Headquartered in San Francisco, CA, ABM Industries IncorporatedABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. Growth Drivers ABM Industries 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. | Headquartered in San Francisco, CA, ABM Industries IncorporatedABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. Growth Drivers ABM Industries 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 Industries 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. |
29520.0 | 2017-04-10 00:00:00 UTC | Zacks.com featured highlights: Calpine, Celadon Group, Community Health Systems, AECOM Technology and ABM Industries | ABM | https://www.nasdaq.com/articles/zacks.com-featured-highlights%3A-calpine-celadon-group-community-health-systems-aecom | nan | nan | For Immediate Release
Chicago, IL - April 10, 2017 - Stocks in this week's article include Calpine Corporation (NYSE: CPN - Free Report ), Celadon Group (NYSE: CGI - Free Report ), Community Health Systems, Inc. (NYSE: CYH - Free Report ), AECOM Technology Corporation (NYSE: ACM - Free Report ) and ABM IndustriesInc. (NYSE: ABM - Free Report ).
Screen of the Week of Zacks Investment Research:
5 Stocks on a High Following Brokerage Upgrades
Faltering in the absence of proper guidance is not an unusual occurrence in life. The same is true for participants in the investing world. One of the tried and tested strategies is to maintain a well-diversified portfolio (i.e. including stocks from different industries) so that one rakes in solid returns irrespective of market conditions. However, it is easier said than done.
With multiple stocks flooding the market from every possible corner at any point of time, selecting appropriate stocks without guidance from people with proper knowhow about the market is difficult.
Why Pay Heed to Such Advice?
The experts in the field of investing are brokers. Brokers, irrespective of their types (sell-side, buy-side or independent), carry out thorough research of the stocks covered by them.
They have at their disposal a lot more information on a company and its prospects than individual investors. To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Consequently, the opinion of brokers should act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.
Movement of Earnings Estimates: An Invaluable Pointer
Since brokers follow the stocks in their coverage minutely, they revise their earnings estimates after carefully examining the pros and cons of an event for a particular company. In fact, a rating upgrade or downgrade by brokers has the potential to immediately influence the price of the stock.
Given the expertise of brokers in investment matters, it is natural for investors to believe that there is a solid reason/logic behind brokers improving their recommendation on a particular stock. In fact, a rating upgrade generally leads to stock price appreciation and vice versa. Estimates can move north for a number of reasons - favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario.
Here we have designed a screen based on improving analyst recommendation and upward estimate revisions over the last four weeks.
Ignore the Top Line at Your Own Peril
To design a winning strategy, it is not prudent to consider only the bottom line. In fact, according to some market watchers, a top-line outperformance is more creditable for a stock than a mere earnings beat, under some circumstances. Therefore, to make our strategy full-proof, we have taken into account top-line performance. We have considered price/sales ratio, which serves as a strong complementary valuation metric, for screening stocks.
Screening Criteria
# (Up- Down Rating)/ Total (4 weeks) =Top #75 : This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks.
% change in Q (1) est. (4 weeks) = Top #10 : This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
To ensure that the strategy is a winning one, covering all bases, we have added the following screening parameters:
Price-to-Sales = Bot%10 : The lower the ratio the better, companies meeting this criteria are in bottom 10% of our universe of over 7,700 stocks with respect to this ratio.
Price greater than 5 : A stock trading below $5 will not likely create significant interest for most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days : Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000 : This gives us stocks that are the top 3000 if one judges by market capitalization.
Com/ADR/Canadian= Com : This eliminates the ADR and Canadian stocks.
Here are five of the 10 stocks that made it through the screen:
Calpine Corporation (NYSE: CPN - Free Report ) is a major U.S. power company that owns, leases and operates low-carbon, natural gas-fired and renewable geothermal power plants. Calpine has an earnings growth expectation of 18.6% over the next three to five years. The stock carries a Zacks Rank #3 (Hold).
Celadon Group (NYSE: CGI - Free Report ) , based in Indianapolis, IN,offers transportation services in countries including the U.S., Canada and Mexico. The Zacks Consensus Estimate for the third quarter of fiscal 2017 increased by a cent to 3 cents per share over the last month for this Zacks Rank# 2 (Buy) stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Based in Franklin, TN, Community Health Systems, Inc. (NYSE: CYH - Free Report ) owned or leased 155 hospitals included in continuing operations, with an aggregate of 26,222 licensed beds. These included 152 general acute care hospitals and three stand-alone rehabilitation or psychiatric hospitals as of Dec 31, 2016. The company delivered a massive positive earnings surprise in excess of 100% in the fourth quarter of 2016. The stock carries a Zacks Rank #3.
Based in Los Angeles, AECOM Technology Corporation (NYSE: ACM - Free Report ) is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities, government as well as those in environmental, energy and water businesses. The Zacks Consensus Estimate for fiscal 2017 has increased by a cent over the last seven days to $2.96 per share for this Zacks Rank #3 stock.
Headquartered in San Francisco, ABM IndustriesInc. (NYSE: ABM - Free Report ) provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. The company, carrying a Zacks Rank # 2, has an impressive track record with respect to earnings, having surpassed the Zacks Consensus Estimate in three of the last four quarters by an average of 16.1%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: https://at.zacks.com/?id=111
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
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Calpine Corporation (CPN): Free Stock Analysis Report
Celadon Group, Inc. (CGI): Free Stock Analysis Report
AECOM (ACM): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 - April 10, 2017 - Stocks in this week's article include Calpine Corporation (NYSE: CPN - Free Report ), Celadon Group (NYSE: CGI - Free Report ), Community Health Systems, Inc. (NYSE: CYH - Free Report ), AECOM Technology Corporation (NYSE: ACM - Free Report ) and ABM IndustriesInc. (NYSE: ABM - Free Report ). Headquartered in San Francisco, ABM IndustriesInc. | For Immediate Release Chicago, IL - April 10, 2017 - Stocks in this week's article include Calpine Corporation (NYSE: CPN - Free Report ), Celadon Group (NYSE: CGI - Free Report ), Community Health Systems, Inc. (NYSE: CYH - Free Report ), AECOM Technology Corporation (NYSE: ACM - Free Report ) and ABM IndustriesInc. Click to get this free report Calpine Corporation (CPN): Free Stock Analysis Report Celadon Group, Inc. (CGI): Free Stock Analysis Report AECOM (ACM): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. (NYSE: ABM - Free Report ). | For Immediate Release Chicago, IL - April 10, 2017 - Stocks in this week's article include Calpine Corporation (NYSE: CPN - Free Report ), Celadon Group (NYSE: CGI - Free Report ), Community Health Systems, Inc. (NYSE: CYH - Free Report ), AECOM Technology Corporation (NYSE: ACM - Free Report ) and ABM IndustriesInc. Get the full Report on CPN - FREE Get the full Report on CGI - FREE Get the full Report on CYH - FREE Get the full Report on ACM - FREE Get the full Report on ABM - 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. Click to get this free report Calpine Corporation (CPN): Free Stock Analysis Report Celadon Group, Inc. (CGI): Free Stock Analysis Report AECOM (ACM): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. | For Immediate Release Chicago, IL - April 10, 2017 - Stocks in this week's article include Calpine Corporation (NYSE: CPN - Free Report ), Celadon Group (NYSE: CGI - Free Report ), Community Health Systems, Inc. (NYSE: CYH - Free Report ), AECOM Technology Corporation (NYSE: ACM - Free Report ) and ABM IndustriesInc. (NYSE: ABM - Free Report ). Headquartered in San Francisco, ABM IndustriesInc. |
29521.0 | 2017-04-10 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-2017-04-10 | 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 SPGI - FREE
Get the latest Zacks research report on AOS - 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 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 SPGI - FREE Get the latest Zacks research report on AOS - 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 SPGI - FREE Get the latest Zacks research report on AOS - 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 SPGI - FREE Get the latest Zacks research report on AOS - 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. |
29522.0 | 2017-04-07 00:00:00 UTC | These 5 Stocks are on a High Following Broker Upgrades | ABM | https://www.nasdaq.com/articles/these-5-stocks-are-on-a-high-following-broker-upgrades-2017-04-07 | nan | nan | Faltering in the absence of proper guidance is not an unusual occurrence in life. The same is true for participants in the investing world. One of the tried and tested strategies is to maintain a well-diversified portfolio (i.e. including stocks from different industries) so that one rakes in solid returns irrespective of market conditions. However, it is easier said than done.
With multiple stocks flooding the market from every possible corner at any point of time, selecting appropriate stocks without guidance from people with proper knowhow about the market is difficult.
Why Pay Heed to Such Advice?
The experts in the field of investing are brokers. Brokers, irrespective of their types (sell-side, buy-side or independent), carry out thorough research of the stocks covered by them.
They have at their disposal a lot more information on a company and its prospects than individual investors. To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Consequently, the opinion of brokers should act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.
Movement of Earnings Estimates: An Invaluable Pointer
Since brokers follow the stocks in their coverage minutely, they revise their earnings estimates after carefully examining the pros and cons of an event for a particular company. In fact, a rating upgrade or downgrade by brokers has the potential to immediately influence the price of the stock.
Given the expertise of brokers in investment matters, it is natural for investors to believe that there is a solid reason/logic behind brokers improving their recommendation on a particular stock. In fact, a rating upgrade generally leads to stock price appreciation and vice versa. Estimates can move north for a number of reasons - favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario.
Here we have designed a screen based on improving analyst recommendation and upward estimate revisions over the last four weeks.
Ignore the Top Line at Your Own Peril
To design a winning strategy, it is not prudent to consider only the bottom line. In fact, according to some market watchers, a top-line outperformance is more creditable for a stock than a mere earnings beat, under some circumstances. Therefore, to make our strategy full-proof, we have taken into account top-line performance. We have considered price/sales ratio, which serves as a strong complementary valuation metric, for screening stocks.
Screening Criteria
# (Up- Down Rating)/ Total (4 weeks) =Top #75 : This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks.
% change in Q (1) est. (4 weeks) = Top #10 : This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
To ensure that the strategy is a winning one, covering all bases, we have added the following screening parameters:
Price-to-Sales = Bot%10 : The lower the ratio the better, companies meeting this criteria are in bottom 10% of our universe of over 7,700 stocks with respect to this ratio.
Price greater than 5 : A stock trading below $5 will not likely create significant interest for most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days : Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000 : This gives us stocks that are the top 3000 if one judges by market capitalization.
Com/ADR/Canadian= Com : This eliminates the ADR and Canadian stocks.
Here are five of the 10 stocks that made it through the screen:
Calpine CorporationCPN is a major U.S. power company that owns, leases and operates low-carbon, natural gas-fired and renewable geothermal power plants. Calpine has an earnings growth expectation of 18.6% over the next three to five years. The stock carries a Zacks Rank #3 (Hold).
Celadon GroupCGI, based in Indianapolis, IN,offers transportation services in countries including the U.S., Canada and Mexico. The Zacks Consensus Estimate for the third quarter of fiscal 2017 increased by a cent to 3 cents per share over the last month for this Zacks Rank# 2 (Buy) stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Based in Franklin, TN, Community Health Systems, Inc.CYH owned or leased 155 hospitals included in continuing operations, with an aggregate of 26,222 licensed beds. These included 152 general acute care hospitals and three stand-alone rehabilitation or psychiatric hospitals as of Dec 31, 2016. The company delivered a massive positive earnings surprise in excess of 100% in the fourth quarter of 2016. The stock carries a Zacks Rank #3.
Based in Los Angeles, AECOM Technology CorporationACM is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities, government as well as those in environmental, energy and water businesses. The Zacks Consensus Estimate for fiscal 2017 has increased by a cent over the last seven days to $2.96 per share for this Zacks Rank #3 stock.
Headquartered in San Francisco, ABM IndustriesInc.ABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. The company, carrying a Zacks Rank # 2, has an impressive track record with respect to earnings, having surpassed the Zacks Consensus Estimate in three of the last four quarters by an average of 16.1%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance .
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Celadon Group, Inc. (CGI): Free Stock Analysis Report
Calpine Corporation (CPN): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
AECOM (ACM): Free Stock Analysis Report
Community Health Systems, Inc. (CYH): 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. | Headquartered in San Francisco, ABM IndustriesInc.ABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. Click to get this free report Celadon Group, Inc. (CGI): Free Stock Analysis Report Calpine Corporation (CPN): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report AECOM (ACM): Free Stock Analysis Report Community Health Systems, Inc. (CYH): Free Stock Analysis Report To read this article on Zacks.com click here. One of the tried and tested strategies is to maintain a well-diversified portfolio (i.e. including stocks from different industries) so that one rakes in solid returns irrespective of market conditions. | Click to get this free report Celadon Group, Inc. (CGI): Free Stock Analysis Report Calpine Corporation (CPN): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report AECOM (ACM): Free Stock Analysis Report Community Health Systems, Inc. (CYH): Free Stock Analysis Report To read this article on Zacks.com click here. Headquartered in San Francisco, ABM IndustriesInc.ABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. 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 Celadon Group, Inc. (CGI): Free Stock Analysis Report Calpine Corporation (CPN): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report AECOM (ACM): Free Stock Analysis Report Community Health Systems, Inc. (CYH): Free Stock Analysis Report To read this article on Zacks.com click here. Headquartered in San Francisco, ABM IndustriesInc.ABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. The Zacks Consensus Estimate for the third quarter of fiscal 2017 increased by a cent to 3 cents per share over the last month for this Zacks Rank# 2 (Buy) stock. | Headquartered in San Francisco, ABM IndustriesInc.ABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. Click to get this free report Celadon Group, Inc. (CGI): Free Stock Analysis Report Calpine Corporation (CPN): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report AECOM (ACM): Free Stock Analysis Report Community Health Systems, Inc. (CYH): Free Stock Analysis Report To read this article on Zacks.com click here. The stock carries a Zacks Rank #3 (Hold). |
29523.0 | 2017-04-03 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for April 04, 2017 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-april-04-2017-2017-04-03 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on April 04, 2017. A cash dividend payment of $0.17 per share is scheduled to be paid on May 01, 2017. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.03% increase over prior dividend payment. At the current stock price of $43.6, the dividend yield is 1.56%.
The previous trading day's last sale of ABM was $43.6, representing a -3.17% decrease from the 52 week high of $45.03 and a 38.37% increase over the 52 week low of $31.51.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and United Rentals, Inc. ( URI ). ABM's current earnings per share, an indicator of a company's profitability, is -$.23. Zacks Investment Research reports ABM's forecasted earnings growth in 2017 as 8.33%, compared to an industry average of 9.1%.
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 19.43% over the last 100 days. It also has the highest percent weighting of ABM at 1.81%.
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 8.33%, compared to an industry average of 9.1%. 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, 2017. 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, 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. | 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 -$.23. ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on April 04, 2017. |
29524.0 | 2017-03-17 00:00:00 UTC | ABM Industries Reaches Analyst Target Price | ABM | https://www.nasdaq.com/articles/abm-industries-reaches-analyst-target-price-2017-03-17 | nan | nan | In recent trading, shares of ABM Industries, Inc. (Symbol: ABM) have crossed above the average analyst 12-month target price of $44.33, changing hands for $44.43/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 3 different analyst targets contributing to that average for ABM Industries, Inc., but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $40.00. And then on the other side of the spectrum one analyst has a target as high as $50.00. The standard deviation is $5.131.
But the whole reason to look at the average ABM price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ABM crossing above that average target price of $44.33/share, investors in ABM have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $44.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover ABM Industries, Inc.:
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com . Get the latest Zacks research report on ABM - FREE .
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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. | But the whole reason to look at the average ABM price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ABM crossing above that average target price of $44.33/share, investors in ABM have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $44.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover ABM Industries, Inc.: The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. | In recent trading, shares of ABM Industries, Inc. (Symbol: ABM) have crossed above the average analyst 12-month target price of $44.33, changing hands for $44.43/share. There are 3 different analyst targets contributing to that average for ABM Industries, Inc., but the average is just that - a mathematical average. But the whole reason to look at the average ABM price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of ABM Industries, Inc. (Symbol: ABM) have crossed above the average analyst 12-month target price of $44.33, changing hands for $44.43/share. There are 3 different analyst targets contributing to that average for ABM Industries, Inc., but the average is just that - a mathematical average. And so with ABM crossing above that average target price of $44.33/share, investors in ABM have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $44.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | There are 3 different analyst targets contributing to that average for ABM Industries, Inc., but the average is just that - a mathematical average. And so with ABM crossing above that average target price of $44.33/share, investors in ABM have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $44.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of ABM Industries, Inc. (Symbol: ABM) have crossed above the average analyst 12-month target price of $44.33, changing hands for $44.43/share. |
29525.0 | 2017-03-15 00:00:00 UTC | Bear of the Day: Team Inc. (TISI) | ABM | https://www.nasdaq.com/articles/bear-day-team-inc-tisi-2017-03-15 | nan | nan | Managing a company is no easy task, and it is made more difficult when unexpected hurdles wipe out most the gains you previously made. That is what is facing our Zacks Bear of the Day, Team Inc. ( TISI ) who saw increased demand during their busy season, but then witnessed demand for their products plummet during the last two months of 2016. Further, this unexpected weakness has caused analysts to pencil in another year of uncertain market demands.
This Zacks Rank #5 (Strong Sell) is a professional full service provider of environmental engineering, consulting, monitoring and repair services. Environmental engineering, consulting and monitoring services, primarily in air quality together with on-stream leak repair and related industrial services for piping systems and process equipment, are provided by subsidiaries of the Company through its Environmental Services business segment.
Recent Earnings Data
On March 8th, management reported Q4 16 results where they significantly missed both the Zacks consensus earnings estimate (est. $0.45 vs. actual $0.08), and revenue estimate (est. $347 million vs. actual $320 million). The company posted a net loss of $12.7 million compared to a net income of $25.2 million in the year ago quarter. Also adjusted net income fell by -63.8% from Q4 15. Lastly, management also withheld earnings guidance for 2017 as they wait for a sustained pattern of market normalization.
Management's Take
According to Ted Owen, President and CEO, " We are obviously disappointed in our results for the quarter, especially after seeing increased demand levels during our busiest fall turnaround months of September and October. We were encouraged then that the early fall activity levels were the first signs of more normalized market activity, but that did not turn out to be the case. After the brief spike in demand for our services during the first month of the fourth quarter, demand weakened again in November and December. In spite of the soft demand in 2016, we continue to be optimistic that end markets will improve during 2017 and we are no less confident in the platform we are building as the premier industrial services company. However, until we begin to see a sustained pattern of market normalization, we will continue to withhold earnings guidance for 2017 ."
Price and Consensus Graph
As you can see in the graph below, the stock price has fallen of late, and future earnings estimates have also significantly declined.
Team, Inc. Price and Consensus
Team, Inc. Price and Consensus | Team, Inc. Quote
Declining Earnings Estimates
Due to the poor earnings results and the withholding of 2017 guidance earnings estimates for FY 17 and FY 18 have declined over the past seven days; FY 17 estimates plummeted from $2.05 to $0.98, and FY 18 earnings estimates fell from $2.55 and $1.88.
Bottom Line
While analysts have long term high hopes for Team Inc., they have reduced their overall guidance in the near term due to uncertainty surrounding the demand for their products. As of now it appears as though the first two quarters will be a bit bumpy for TISI, so it would be prudent to wait on the sidelines until demand picks back up. Analysts are expecting demand to ramp back up in the second half of 2017.
If you are inclined to invest in the Building Products/Maintenance Service sector, you would be best served by looking into ABM Industries ( ABM ), and or Rollins Inc. ( ROL ) both of whom currently carry a Zacks Rank #2 (Buy).
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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 you are inclined to invest in the Building Products/Maintenance Service sector, you would be best served by looking into ABM Industries ( ABM ), and or Rollins Inc. ( ROL ) both of whom currently carry a Zacks Rank #2 (Buy). Click to get this free report Team, Inc. (TISI): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Management's Take According to Ted Owen, President and CEO, " We are obviously disappointed in our results for the quarter, especially after seeing increased demand levels during our busiest fall turnaround months of September and October. | Click to get this free report Team, Inc. (TISI): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. If you are inclined to invest in the Building Products/Maintenance Service sector, you would be best served by looking into ABM Industries ( ABM ), and or Rollins Inc. ( ROL ) both of whom currently carry a Zacks Rank #2 (Buy). This Zacks Rank #5 (Strong Sell) is a professional full service provider of environmental engineering, consulting, monitoring and repair services. | Click to get this free report Team, Inc. (TISI): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. If you are inclined to invest in the Building Products/Maintenance Service sector, you would be best served by looking into ABM Industries ( ABM ), and or Rollins Inc. ( ROL ) both of whom currently carry a Zacks Rank #2 (Buy). Environmental engineering, consulting and monitoring services, primarily in air quality together with on-stream leak repair and related industrial services for piping systems and process equipment, are provided by subsidiaries of the Company through its Environmental Services business segment. | If you are inclined to invest in the Building Products/Maintenance Service sector, you would be best served by looking into ABM Industries ( ABM ), and or Rollins Inc. ( ROL ) both of whom currently carry a Zacks Rank #2 (Buy). Click to get this free report Team, Inc. (TISI): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report ABM Industries Incorporated (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. That is what is facing our Zacks Bear of the Day, Team Inc. ( TISI ) who saw increased demand during their busy season, but then witnessed demand for their products plummet during the last two months of 2016. |
29526.0 | 2017-03-07 00:00:00 UTC | ABM Industries (ABM) Shows Promise with Core Business Focus | ABM | https://www.nasdaq.com/articles/abm-industries-abm-shows-promise-with-core-business-focus-2017-03-07 | nan | nan | On Mar 7, Zacks Investment Research updated the research report on business services provider, ABM Industries IncorporatedABM .
Headquartered in San Francisco, CA, ABM Industries provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. The company 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 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 Industries 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 Industries 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. ABM Industries has further offered bullish fiscal-2017 guidance. For the fiscal year, it expects adjusted income from continuing operations in the range of $1.80-$1.90 per share. The increased guidance is primarily due to the recognition of higher-than-expected 2020 Vision savings.
However, ABM Industries has grossly underperformed the Building Products - Maintenance Services industry with an average decline of 5.8% as against a gain of 1.2% for the latter. ABM Industries 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.
Nevertheless, we remain impressed with the long-term growth potential of this Zacks Rank #3 (Hold) stock. Some better-ranked stocks in the industry include CACI International Inc CACI , Rollins, Inc. ROL and CGI Group Inc. GIB , each carrying Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
CACI International has a long-term earnings growth expectation of 10%. It has beaten earnings estimates in each of the trailing four quarters for a positive surprise of 31.89%.
Rollins has beaten earnings estimates twice in the trailing four quarters for a positive surprise of 2.9%.
CGI Group has a long-term earnings growth expectation of 8%.
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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 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. On Mar 7, Zacks Investment Research updated the research report on business services provider, ABM Industries IncorporatedABM . Headquartered in San Francisco, CA, ABM Industries provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. | Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report CGI Group, Inc. (GIB): Free Stock Analysis Report CACI International, Inc. (CACI): Free Stock Analysis Report To read this article on Zacks.com click here. On Mar 7, Zacks Investment Research updated the research report on business services provider, ABM Industries IncorporatedABM . Headquartered in San Francisco, CA, ABM Industries provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. | On Mar 7, Zacks Investment Research updated the research report on business services provider, ABM Industries IncorporatedABM . Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis Report Rollins, Inc. (ROL): Free Stock Analysis Report CGI Group, Inc. (GIB): Free Stock Analysis Report CACI International, Inc. (CACI): Free Stock Analysis Report To read this article on Zacks.com click here. Headquartered in San Francisco, CA, ABM Industries provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. | On Mar 7, Zacks Investment Research updated the research report on business services provider, ABM Industries IncorporatedABM . Headquartered in San Francisco, CA, ABM Industries provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. ABM Industries 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. |
29527.0 | 2017-03-07 00:00:00 UTC | After-Hours Earnings Report for March 7, 2017 : HRB, URBN, ABM, AERI, NCS, ALG, EDIT, NMBL, BOJA, AFAM, AVAV, RGNX | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-march-7-2017-hrb-urbn-abm-aeri-ncs-alg-edit-nmbl-boja-afam | nan | nan | The following companies are expected to report earnings after hours on 03/07/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
H&R Block, Inc. ( HRB ) is reporting for the quarter ending January 31, 2017. The business services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.46. This value represents a 35.29% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HRB is 12.79 vs. an industry ratio of 29.60.
Urban Outfitters, Inc. ( URBN ) is reporting for the quarter ending January 31, 2017. The retail (shoe) company's consensus earnings per share forecast from the 16 analysts that follow the stock is $0.56. This value represents a 8.20% decrease compared to the same quarter last year. URBN missed the consensus earnings per share in the 4th calendar quarter of 2016 by -9.09%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for URBN is 13.73 vs. an industry ratio of 6.30, 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 January 31, 2017. The building maintenance & services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.33. This value represents a 13.16% decrease compared to the same quarter last year. In the past year ABM has met analyst expectations once and beat the expectations the other two quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 21.88 vs. an industry ratio of 35.50.
Aerie Pharmaceuticals, Inc. ( AERI ) is reporting for the quarter ending December 31, 2016. The drug company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.65. This value represents a 14.47% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AERI is -15.31 vs. an industry ratio of 15.00.
NCI Building Systems, Inc. ( NCS ) is reporting for the quarter ending January 31, 2017. The building company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.05. This value represents a 28.57% 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 16.65 vs. an industry ratio of 17.30.
Alamo Group, Inc. ( ALG ) is reporting for the quarter ending December 31, 2016. The farm machinery company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.92. This value represents a 3.16% decrease compared to the same quarter last year. The last two quarters ALG had negative earnings surprises; the latest report they missed by -9.52%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ALG is 20.38 vs. an industry ratio of 17.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Editas Medicine, Inc. ( EDIT ) is reporting for the quarter ending December 31, 2016. The biomedical (gene) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.66. This value represents a 83.70% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for EDIT is -8.37 vs. an industry ratio of -2.10.
Nimble Storage, Inc. ( NMBL ) is reporting for the quarter ending January 31, 2017. The computer storage company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.42. This value represents a 5.00% decrease compared to the same quarter last year. NMBL missed the consensus earnings per share in the 1st calendar quarter of 2016 by -11.11%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for NMBL is -4.62 vs. an industry ratio of 11.40.
Bojangles', Inc. ( BOJA ) is reporting for the quarter ending December 31, 2016. The restaurant company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.21. This value represents a 4.55% decrease compared to the same quarter last year. In the past year BOJA has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 19.05%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for BOJA is 21.44 vs. an industry ratio of 24.20.
Almost Family Inc ( AFAM ) is reporting for the quarter ending December 31, 2016. The medical (outpatient/home care) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.58. This value represents a 6.45% decrease compared to the same quarter last year. In the past year AFAM has met analyst expectations twice and beat the expectations the other two quarters. The days to cover, as reported in the 2/15/2017 short interest update, increased 233.72% from previous report on 1/31/2017. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AFAM is 20.74 vs. an industry ratio of 19.70, 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, 2017. The aerospace and defense company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.34. This value represents a 225.93% decrease compared to the same quarter last year. AVAV missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -240%. The "days to cover" for this stock exceeds 18 days. Zacks Investment Research reports that the 2017 Price to Earnings ratio for AVAV is 123.90 vs. an industry ratio of 55.80, implying that they will have a higher earnings growth than their competitors in the same industry.
REGENXBIO Inc. ( RGNX ) is reporting for the quarter ending December 31, 2016. The biomedical (gene) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.60. This value represents a 200.00% decrease compared to the same quarter last year. The last two quarters RGNX had negative earnings surprises; the latest report they missed by -15%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for RGNX is -8.97 vs. an industry ratio of -2.10.
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, 2017. In the past year ABM has met analyst expectations once and beat the expectations the other two quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 21.88 vs. an industry ratio of 35.50. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2017. In the past year ABM has met analyst expectations once and beat the expectations the other two quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 21.88 vs. an industry ratio of 35.50. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2017. In the past year ABM has met analyst expectations once and beat the expectations the other two quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 21.88 vs. an industry ratio of 35.50. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2017. In the past year ABM has met analyst expectations once and beat the expectations the other two quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABM is 21.88 vs. an industry ratio of 35.50. |
29528.0 | 2017-01-19 00:00:00 UTC | ABM Industries (ABM) Down 7.81% Since Earnings Report: Can It Rebound? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-down-7.81-since-earnings-report%3A-can-it-rebound-2017-01-19 | nan | nan | A month has gone by since the last earnings report for ABM Industries (ABM). Shares have lost nearly 8% in that time frame, underperforming 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 its most recent earnings report in order to get a better handle on the important catalysts.
ABM Industries Q4 Earnings in Sync, 2017 View Bullish
ABM recorded relatively modest fourth-quarter fiscal 2016 (ended Oct 31, 2016) results on the back of healthy revenues across most of the operating segments. Adjusted earnings (from continuing operations) for the reported quarter were $29.2 million or $0.51 per share compared with $31.5 million or $0.55 per share in the year-earlier quarter. The year-over-year decrease was primarily due to higher insurance-related expenses and an additional working day in the quarter. However, adjusted earnings matched the Zacks Consensus Estimate.
On a GAAP basis, net income for the reported quarter was $7.8 million or $0.14 per share, significantly down from $38.8 million or $0.68 per share in the year-ago quarter. The year-over-year decline, despite higher revenues, was primarily attributable to $22.5 million impairment charge related to the strategic sale of the Government business. The divested business was an integral part of the Building & Energy Solutions segment and was deemed to be a misfit to the company's Vision 2020 plan.
For fiscal 2016, ABM recorded GAAP net income of $57.2 million or $1.01 per share compared with $76.3 million or $1.33 per share in fiscal 2015. Adjusted earnings (from continuing operations) for fiscal 2016 were $99.2 million or $1.74 per share compared with $92.9 million or $1.62 per share in fiscal 2015.
Top-Line Improvement
Revenues for the reported quarter increased 3.5% year over year to $1,322.3 million, driven largely by higher work order (tag) sales in the Janitorial segment. Organic growth improved 2.0% year over year, while inorganic growth added $19.3 million of incremental revenues during the quarter, primarily related to the Westway acquisition in the U.K. (reflected in the Building & Energy Solutions segment). Quarterly revenues, however, missed the Zacks Consensus Estimate of $1,327 million. For fiscal 2016, ABM recorded revenues of $5,144.7 million, up 5% year over year.
The quarter reported operating profit of $10.8 million compared with $37.2 million in the year-ago period. Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) decreased year over year to $61.5 million from $69.4 million for respective margins of 4.6% and 5.4%.
Segmental Performance
Revenues from Janitorial increased 2.3% year over year to $704.5 million, driven by strong Work Order revenues. Segment operating profit for the reported quarter was down 11.8% year over year to $38.7 million. Revenues from Facility Services were up 0.8% year over year to $149.6 million, while operating profit improved 6.4% to $7.3 million. Revenues from Parking improved 6.8% year over year to $171.6 million, while operating profit from the segment was down 17.9% to $7.0 million. Revenues from Building & Energy Solutions increased 2.9% to $172.5 million, while that from Other segment improved 8.3% year over year to $124.1 million.
Business Restructuring Update
ABM has embarked on a Vision 2020 plan that outlines its prospects for the next five years. The plan hinges on three primary phases, the first of which is aimed at increasing 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 cost savings by way of 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 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.
Financial Position
Cash and cash equivalents at the fiscal end were $56 million compared with $55.5 million in the prior-year period. Net cash provided by operating activities during the quarter was $8.4 million, compared with $44.0 million in the prior-year period, bringing the tally for fiscal 2016 and fiscal 2015 to $83.5 million and $146.4 million, respectively. ABM ended fiscal 2016 with total debt of $399.2 million.
During the quarter, the company repurchased approximately 0.4 million shares for $15.4 million. As of Oct 31, 2016, ABM had shares worth $141.9 million remaining for repurchase under its $200 million share buyback program. ABM hiked its quarterly dividend by 3% year over year to 17 cents per share. The dividend is payable on Feb 6, 2017 to shareholders on record as of Jan 5 and marks the 203rd consecutive dividend payment by the company.
2017 Guidance
With strong quarterly results and steady progress in its Vision 2020 plan, ABM offered a bullish fiscal-2017 guidance. For the fiscal year, it expects adjusted income from continuing operations in the range of $1.80-$1.90 per share. The company is slated to change its operating segments beginning the first quarter of fiscal 2017 based on its Vision 2020 reorganization.
How Have Estimates Been Moving Since Then?
Since the earnings release last month, investors have witnessed an upward trend in fresh estimates. There has been one revision higher for the current quarter.
ABM Industries Inc. Price and Consensus
ABM Industries Inc. Price and Consensus | ABM Industries Inc. Quote
VGM Scores
At this time, ABM Industries' stock has a nice Growth score of 'B', though it is lagging slightly on the momentum front with a 'C'. However, the stock was allocated a grade of 'B' on the value side, putting it in the second quintile for this investment strategy.
Overall, stocks has an aggregte VGM score of 'B'. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
While the stock has seen one estimate revising upward, there is no change in the magnitude. Notably, shares of ABM have a Zacks Rank #3 (Hold). We are looking for an inline return from the stock in the next few months.
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ABM Industries Inc. (ABM): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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). ABM Industries Q4 Earnings in Sync, 2017 View Bullish ABM recorded relatively modest fourth-quarter fiscal 2016 (ended Oct 31, 2016) results on the back of healthy revenues across most of the operating segments. For fiscal 2016, ABM recorded GAAP net income of $57.2 million or $1.01 per share compared with $76.3 million or $1.33 per share in fiscal 2015. | ABM Industries Q4 Earnings in Sync, 2017 View Bullish ABM recorded relatively modest fourth-quarter fiscal 2016 (ended Oct 31, 2016) results on the back of healthy revenues across most of the operating segments. ABM Industries Inc. Price and Consensus ABM Industries Inc. Price and Consensus | ABM Industries Inc. Quote VGM Scores At this time, ABM Industries' stock has a nice Growth score of 'B', though it is lagging slightly on the momentum front with a 'C'. A month has gone by since the last earnings report for ABM Industries (ABM). | A month has gone by since the last earnings report for ABM Industries (ABM). ABM Industries Q4 Earnings in Sync, 2017 View Bullish ABM recorded relatively modest fourth-quarter fiscal 2016 (ended Oct 31, 2016) results on the back of healthy revenues across most of the operating segments. For fiscal 2016, ABM recorded GAAP net income of $57.2 million or $1.01 per share compared with $76.3 million or $1.33 per share in fiscal 2015. | ABM Industries Q4 Earnings in Sync, 2017 View Bullish ABM recorded relatively modest fourth-quarter fiscal 2016 (ended Oct 31, 2016) results on the back of healthy revenues across most of the operating segments. ABM hiked its quarterly dividend by 3% year over year to 17 cents per share. A month has gone by since the last earnings report for ABM Industries (ABM). |
29529.0 | 2017-01-13 00:00:00 UTC | Gemmer Asset Management LLC Buys WisdomTree MidCap Dividend Fund, PowerShares Exchange-Traded ... | ABM | https://www.nasdaq.com/articles/gemmer-asset-management-llc-buys-wisdomtree-midcap-dividend-fund-powershares-exchange | nan | nan | Gemmer Asset Management LLC
New Purchases: DON , BKLN , BMRN , MUB, SDOG, PCY, PGJ, BTG, SAND, SHY,
Added Positions:SCHA, SCHM, SCHB, SCHF, SCHZ, SCHE, SCHG, SCHH, T, SCPB,
Reduced Positions:EWJ, VGK, TSLA, BIV, XOM, BSV, SCHV, DXJ, VUG, SCHW,
Sold Out:DFE, SCHR, CMF, FCG, VPL, NLYPRA, UN, PWV, STZ, IM,
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 ) - 604,608 shares, 13.77% of the total portfolio. Shares reduced by 0.07%
Schwab U.S. Large-Cap Value ( SCHV ) - 322,174 shares, 8.64% of the total portfolio. Shares reduced by 1.86%
Schwab International Equity ( SCHF ) - 443,206 shares, 6.84% of the total portfolio. Shares added by 5.12%
Schwab U.S. Large-Cap Growth ( SCHG ) - 189,146 shares, 5.89% of the total portfolio. Shares added by 4.07%
Schwab U.S. Small-Cap ( SCHA ) - 155,352 shares, 5.33% of the total portfolio. Shares added by 23.96%
New Purchase: WisdomTree MidCap Dividend Fund (DON)
Gemmer Asset Management LLC initiated holdings in WisdomTree MidCap Dividend Fund. The purchase prices were between $86.29 and $96.81, with an estimated average price of $90.77. The stock is now traded at around $95.43. The impact to the portfolio due to this purchase was 2.25%. The holdings were 42,714 shares as of 2016-12-31.
New Purchase: PowerShares Exchange-Traded Fund Trust (BKLN)
Gemmer Asset Management LLC initiated holdings in PowerShares Exchange-Traded Fund Trust. The purchase prices were between $22.98 and $23.36, with an estimated average price of $23.16. The stock is now traded at around $23.41. The impact to the portfolio due to this purchase was 1.56%. The holdings were 119,966 shares as of 2016-12-31.
New Purchase: Biomarin Pharmaceutical Inc (BMRN)
Gemmer Asset Management LLC initiated holdings in Biomarin Pharmaceutical Inc. The purchase prices were between $78.62 and $95.92, with an estimated average price of $86. The stock is now traded at around $86.16. The impact to the portfolio due to this purchase was 0.2%. The holdings were 4,350 shares as of 2016-12-31.
New Purchase: iShares National Muni Bond (MUB)
Gemmer Asset Management LLC initiated holdings in iShares National Muni Bond. The purchase prices were between $106.51 and $112.49, with an estimated average price of $109.87. The stock is now traded at around $109.26. The impact to the portfolio due to this purchase was 0.07%. The holdings were 1,159 shares as of 2016-12-31.
New Purchase: ALPS Sector Dividend Dogs (SDOG)
Gemmer Asset Management LLC initiated holdings in ALPS Sector Dividend Dogs. The purchase prices were between $39.06 and $43.34, with an estimated average price of $41.27. The stock is now traded at around $42.54. The impact to the portfolio due to this purchase was 0.06%. The holdings were 2,421 shares as of 2016-12-31.
New Purchase: B2Gold Corp (BTG)
Gemmer Asset Management LLC initiated holdings in B2Gold Corp. The purchase prices were between $2.05 and $2.95, with an estimated average price of $2.48. The stock is now traded at around $2.74. The impact to the portfolio due to this purchase was 0.03%. The holdings were 20,893 shares as of 2016-12-31.
Added: Schwab U.S. Small-Cap ( SCHA )
Gemmer Asset Management LLC added to the holdings in Schwab U.S. Small-Cap by 23.96%. The purchase prices were between $53.59 and $63.28, with an estimated average price of $58.13. The stock is now traded at around $61.97. The impact to the portfolio due to this purchase was 1.03%. The holdings were 155,352 shares as of 2016-12-31.
Added: Schwab U.S. Broad Market (SCHB)
Gemmer Asset Management LLC added to the holdings in Schwab U.S. Broad Market by 36.15%. The purchase prices were between $50.22 and $55.09, with an estimated average price of $52.46. The stock is now traded at around $54.95. The impact to the portfolio due to this purchase was 0.46%. The holdings were 57,434 shares as of 2016-12-31.
Added: Schwab US Aggregate Bond (SCHZ)
Gemmer Asset Management LLC added to the holdings in Schwab US Aggregate Bond by 2932.95%. The purchase prices were between $51.43 and $53.5, with an estimated average price of $52.51. The stock is now traded at around $51.84. The impact to the portfolio due to this purchase was 0.3%. The holdings were 10,676 shares as of 2016-12-31.
Added: Schwab Emerging Markets Equity (SCHE)
Gemmer Asset Management LLC added to the holdings in Schwab Emerging Markets Equity by 63.73%. The purchase prices were between $21.45 and $23.46, with an estimated average price of $22.59. The stock is now traded at around $22.47. The impact to the portfolio due to this purchase was 0.28%. The holdings were 60,909 shares as of 2016-12-31.
Added: AT&T Inc (T)
Gemmer Asset Management LLC added to the holdings in AT&T Inc by 35.00%. The purchase prices were between $36.13 and $42.73, with an estimated average price of $39.07. The stock is now traded at around $41.01. The impact to the portfolio due to this purchase was 0.1%. The holdings were 16,195 shares as of 2016-12-31.
Added: Schwab U.S. REIT (SCHH)
Gemmer Asset Management LLC added to the holdings in Schwab U.S. REIT by 25.51%. The purchase prices were between $38.61 and $41.82, with an estimated average price of $40.05. The stock is now traded at around $40.90. The impact to the portfolio due to this purchase was 0.1%. The holdings were 21,696 shares as of 2016-12-31.
Sold Out: WisdomTree Europe SmallCap Dividend Fund (DFE)
Gemmer Asset Management LLC sold out the holdings in WisdomTree Europe SmallCap Dividend Fund. The sale prices were between $51.8 and $55.7, with an estimated average price of $53.34.
Sold Out: Schwab Intermediate-Term U.S. Treasury (SCHR)
Gemmer Asset Management LLC sold out the holdings in Schwab Intermediate-Term U.S. Treasury. The sale prices were between $53.35 and $55.4, with an estimated average price of $54.44.
Sold Out: First Trust Natural Gas (FCG)
Gemmer Asset Management LLC sold out the holdings in First Trust Natural Gas. The sale prices were between $23.47 and $27.75, with an estimated average price of $25.73.
Sold Out: Vanguard FTSE Pacific (VPL)
Gemmer Asset Management LLC sold out the holdings in Vanguard FTSE Pacific. The sale prices were between $58.39 and $60.64, with an estimated average price of $59.65.
Sold Out: iShares California Muni Bond (CMF)
Gemmer Asset Management LLC sold out the holdings in iShares California Muni Bond. The sale prices were between $113.28 and $120.33, with an estimated average price of $117.35.
Sold Out: Unilever NV (UN)
Gemmer Asset Management LLC sold out the holdings in Unilever NV. The sale prices were between $38.66 and $46.43, with an estimated average price of $41.38.
Reduced: iShares MSCI Japan Index Fund (EWJ)
Gemmer Asset Management LLC reduced to the holdings in iShares MSCI Japan Index Fund by 61.94%. The sale prices were between $48.79 and $50.76, with an estimated average price of $49.43. The stock is now traded at around $50.57. The impact to the portfolio due to this sale was -1.27%. Gemmer Asset Management LLC still held 27,947 shares as of 2016-12-31.
Reduced: Vanguard FTSEEuropean (VGK)
Gemmer Asset Management LLC reduced to the holdings in Vanguard FTSEEuropean by 31.94%. The sale prices were between $45.54 and $48.86, with an estimated average price of $46.95. The stock is now traded at around $48.82. The impact to the portfolio due to this sale was -0.65%. Gemmer Asset Management LLC still held 49,175 shares as of 2016-12-31.
Reduced: Tesla Motors Inc (TSLA)
Gemmer Asset Management LLC reduced to the holdings in Tesla Motors Inc by 87.7%. The sale prices were between $181.45 and $219.74, with an estimated average price of $197.13. The stock is now traded at around $229.59. The impact to the portfolio due to this sale was -0.64%. Gemmer Asset Management LLC still held 701 shares as of 2016-12-31.
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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. | Gemmer Asset Management LLC New Purchases: DON , BKLN , BMRN , MUB, SDOG, PCY, PGJ, BTG, SAND, SHY, Added Positions:SCHA, SCHM, SCHB, SCHF, SCHZ, SCHE, SCHG, SCHH, T, SCPB, Reduced Positions:EWJ, VGK, TSLA, BIV, XOM, BSV, SCHV, DXJ, VUG, SCHW, Sold Out:DFE, SCHR, CMF, FCG, VPL, NLYPRA, UN, PWV, STZ, IM, 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 ) - 604,608 shares, 13.77% of the total portfolio. Sold Out: WisdomTree Europe SmallCap Dividend Fund (DFE) Gemmer Asset Management LLC sold out the holdings in WisdomTree Europe SmallCap Dividend Fund. Reduced: iShares MSCI Japan Index Fund (EWJ) Gemmer Asset Management LLC reduced to the holdings in iShares MSCI Japan Index Fund by 61.94%. | Gemmer Asset Management LLC New Purchases: DON , BKLN , BMRN , MUB, SDOG, PCY, PGJ, BTG, SAND, SHY, Added Positions:SCHA, SCHM, SCHB, SCHF, SCHZ, SCHE, SCHG, SCHH, T, SCPB, Reduced Positions:EWJ, VGK, TSLA, BIV, XOM, BSV, SCHV, DXJ, VUG, SCHW, Sold Out:DFE, SCHR, CMF, FCG, VPL, NLYPRA, UN, PWV, STZ, IM, 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 ) - 604,608 shares, 13.77% of the total portfolio. Shares added by 23.96% New Purchase: WisdomTree MidCap Dividend Fund (DON) Gemmer Asset Management LLC initiated holdings in WisdomTree MidCap Dividend Fund. Reduced: iShares MSCI Japan Index Fund (EWJ) Gemmer Asset Management LLC reduced to the holdings in iShares MSCI Japan Index Fund by 61.94%. | Gemmer Asset Management LLC New Purchases: DON , BKLN , BMRN , MUB, SDOG, PCY, PGJ, BTG, SAND, SHY, Added Positions:SCHA, SCHM, SCHB, SCHF, SCHZ, SCHE, SCHG, SCHH, T, SCPB, Reduced Positions:EWJ, VGK, TSLA, BIV, XOM, BSV, SCHV, DXJ, VUG, SCHW, Sold Out:DFE, SCHR, CMF, FCG, VPL, NLYPRA, UN, PWV, STZ, IM, 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 ) - 604,608 shares, 13.77% of the total portfolio. Shares added by 23.96% New Purchase: WisdomTree MidCap Dividend Fund (DON) Gemmer Asset Management LLC initiated holdings in WisdomTree MidCap Dividend Fund. Added: Schwab US Aggregate Bond (SCHZ) Gemmer Asset Management LLC added to the holdings in Schwab US Aggregate Bond by 2932.95%. | Gemmer Asset Management LLC New Purchases: DON , BKLN , BMRN , MUB, SDOG, PCY, PGJ, BTG, SAND, SHY, Added Positions:SCHA, SCHM, SCHB, SCHF, SCHZ, SCHE, SCHG, SCHH, T, SCPB, Reduced Positions:EWJ, VGK, TSLA, BIV, XOM, BSV, SCHV, DXJ, VUG, SCHW, Sold Out:DFE, SCHR, CMF, FCG, VPL, NLYPRA, UN, PWV, STZ, IM, 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 ) - 604,608 shares, 13.77% of the total portfolio. Gemmer Asset Management LLC still held 27,947 shares as of 2016-12-31. Gemmer Asset Management LLC still held 49,175 shares as of 2016-12-31. |
29530.0 | 2017-01-02 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for January 03, 2017 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-january-03-2017-2017-01-02 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on January 03, 2017. A cash dividend payment of $0.17 per share is scheduled to be paid on February 06, 2017. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.03% increase over prior dividend payment.
The previous trading day's last sale of ABM was $40.84, representing a -9.3% decrease from the 52 week high of $45.03 and a 54.11% increase over the 52 week low of $26.50.
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 $1.01. Zacks Investment Research reports ABM's forecasted earnings growth in 2017 as 6.51%, compared to an industry average of 8.8%.
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 2017 as 6.51%, compared to an industry average of 8.8%. 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, 2017. 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, 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. | 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, 2017. The previous trading day's last sale of ABM was $40.84, representing a -9.3% decrease from the 52 week high of $45.03 and a 54.11% increase over the 52 week low of $26.50. |
29531.0 | 2016-12-30 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for January 03, 2017 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-january-03-2017-2016-12-30 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on January 03, 2017. A cash dividend payment of $0.17 per share is scheduled to be paid on February 06, 2017. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.03% increase over prior dividend payment.
The previous trading day's last sale of ABM was $40.78, representing a -9.43% decrease from the 52 week high of $45.03 and a 53.89% increase over the 52 week low of $26.50.
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 $1.01. Zacks Investment Research reports ABM's forecasted earnings growth in 2017 as 6.51%, compared to an industry average of 8.8%.
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 increase of 7.88% over the last 100 days. It also has the highest percent weighting of ABM at 3.59%.
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 6.51%, compared to an industry average of 8.8%. 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, 2017. 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, 2017. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABM was $40.78, representing a -9.43% decrease from the 52 week high of $45.03 and a 53.89% increase over the 52 week low of $26.50. | 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, 2017. The previous trading day's last sale of ABM was $40.78, representing a -9.43% decrease from the 52 week high of $45.03 and a 53.89% increase over the 52 week low of $26.50. |
29532.0 | 2016-12-15 00:00:00 UTC | Company News for December 15, 2016 | ABM | https://www.nasdaq.com/articles/company-news-for-december-15-2016-2016-12-15 | nan | nan | • ABM Industries Incorporated's ( ABM ) shares decreased 8% after reporting fiscal fourth-quarter adjusted earnings of $0.51 per share, lower than year-over-year figure of $0.55 per share
• Shares of Johnson & Johnson ( JNJ ) fell 0.8% after the company decided to abandon talks to acquire Actelion Ltd. ( ALIOF )
• Hertz Global Holdings, Inc's ( HTZ ) shares declined 8.3% following news that Kathryn Marinello will replace John Tague as the company's new President and CEO from Jan 3 next year
• Shares of Valeant Pharmaceuticals International, Inc. ( VRX ) slumped 4.5% after activist investor Bill Ackman decided to reduce his stake in the company from 9% to 7.2%
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ABM INDUSTRIES (ABM): Free Stock Analysis Report
JOHNSON & JOHNS (JNJ): Free Stock Analysis Report
ACTELION LTD (ALIOF): Free Stock Analysis Report
HERTZ GLBL HLDG (HTZ): Free Stock Analysis Report
VALEANT PHARMA (VRX): 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. | • ABM Industries Incorporated's ( ABM ) shares decreased 8% after reporting fiscal fourth-quarter adjusted earnings of $0.51 per share, lower than year-over-year figure of $0.55 per share • Shares of Johnson & Johnson ( JNJ ) fell 0.8% after the company decided to abandon talks to acquire Actelion Ltd. ( ALIOF ) • Hertz Global Holdings, Inc's ( HTZ ) shares declined 8.3% following news that Kathryn Marinello will replace John Tague as the company's new President and CEO from Jan 3 next year • Shares of Valeant Pharmaceuticals International, Inc. ( VRX ) slumped 4.5% after activist investor Bill Ackman decided to reduce his stake in the company from 9% to 7.2% Want the latest recommendations from Zacks Investment Research? Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report JOHNSON & JOHNS (JNJ): Free Stock Analysis Report ACTELION LTD (ALIOF): Free Stock Analysis Report HERTZ GLBL HLDG (HTZ): Free Stock Analysis Report VALEANT PHARMA (VRX): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days. | • ABM Industries Incorporated's ( ABM ) shares decreased 8% after reporting fiscal fourth-quarter adjusted earnings of $0.51 per share, lower than year-over-year figure of $0.55 per share • Shares of Johnson & Johnson ( JNJ ) fell 0.8% after the company decided to abandon talks to acquire Actelion Ltd. ( ALIOF ) • Hertz Global Holdings, Inc's ( HTZ ) shares declined 8.3% following news that Kathryn Marinello will replace John Tague as the company's new President and CEO from Jan 3 next year • Shares of Valeant Pharmaceuticals International, Inc. ( VRX ) slumped 4.5% after activist investor Bill Ackman decided to reduce his stake in the company from 9% to 7.2% Want the latest recommendations from Zacks Investment Research? Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report JOHNSON & JOHNS (JNJ): Free Stock Analysis Report ACTELION LTD (ALIOF): Free Stock Analysis Report HERTZ GLBL HLDG (HTZ): Free Stock Analysis Report VALEANT PHARMA (VRX): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • ABM Industries Incorporated's ( ABM ) shares decreased 8% after reporting fiscal fourth-quarter adjusted earnings of $0.51 per share, lower than year-over-year figure of $0.55 per share • Shares of Johnson & Johnson ( JNJ ) fell 0.8% after the company decided to abandon talks to acquire Actelion Ltd. ( ALIOF ) • Hertz Global Holdings, Inc's ( HTZ ) shares declined 8.3% following news that Kathryn Marinello will replace John Tague as the company's new President and CEO from Jan 3 next year • Shares of Valeant Pharmaceuticals International, Inc. ( VRX ) slumped 4.5% after activist investor Bill Ackman decided to reduce his stake in the company from 9% to 7.2% Want the latest recommendations from Zacks Investment Research? Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report JOHNSON & JOHNS (JNJ): Free Stock Analysis Report ACTELION LTD (ALIOF): Free Stock Analysis Report HERTZ GLBL HLDG (HTZ): Free Stock Analysis Report VALEANT PHARMA (VRX): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • ABM Industries Incorporated's ( ABM ) shares decreased 8% after reporting fiscal fourth-quarter adjusted earnings of $0.51 per share, lower than year-over-year figure of $0.55 per share • Shares of Johnson & Johnson ( JNJ ) fell 0.8% after the company decided to abandon talks to acquire Actelion Ltd. ( ALIOF ) • Hertz Global Holdings, Inc's ( HTZ ) shares declined 8.3% following news that Kathryn Marinello will replace John Tague as the company's new President and CEO from Jan 3 next year • Shares of Valeant Pharmaceuticals International, Inc. ( VRX ) slumped 4.5% after activist investor Bill Ackman decided to reduce his stake in the company from 9% to 7.2% Want the latest recommendations from Zacks Investment Research? Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report JOHNSON & JOHNS (JNJ): Free Stock Analysis Report ACTELION LTD (ALIOF): Free Stock Analysis Report HERTZ GLBL HLDG (HTZ): Free Stock Analysis Report VALEANT PHARMA (VRX): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days. |
29533.0 | 2016-12-13 00:00:00 UTC | After-Hours Earnings Report for December 13, 2016 : NDSN, ABM, HEI, BPMX | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-december-13-2016-ndsn-abm-hei-bpmx-2016-12-13 | nan | nan | The following companies are expected to report earnings after hours on 12/13/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
Nordson Corporation ( NDSN ) is reporting for the quarter ending October 31, 2016. The machinery company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.23. This value represents a 29.47% increase compared to the same quarter last year. NDSN missed the consensus earnings per share in the 4th calendar quarter of 2015 by -12.04%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for NDSN is 23.32 vs. an industry ratio of 80.30.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2016. The building maintenance & services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.51. This value represents a 7.27% decrease compared to the same quarter last year. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 24.64 vs. an industry ratio of 33.00.
Heico Corporation ( HEI ) is reporting for the quarter ending October 31, 2016. The aerospace and defense company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.60. This value represents a 7.14% increase compared to the same quarter last year. In the past year HEI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 6.9%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HEI is 35.01 vs. an industry ratio of 18.40, implying that they will have a higher earnings growth than their competitors in the same industry.
BioPharmX Corporation ( BPMX ) is reporting for the quarter ending October 31, 2016. The consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.15. BPMX reported earnings of $-0.18 per share for the same quarter a year ago; representing a a decrease of -16.67%.
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, 2016. In the past year ABM and beat the expectations the other three quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 24.64 vs. an industry ratio of 33.00. | Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 24.64 vs. an industry ratio of 33.00. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2016. In the past year ABM and beat the expectations the other three quarters. | Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 24.64 vs. an industry ratio of 33.00. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2016. In the past year ABM and beat the expectations the other three quarters. | In the past year ABM and beat the expectations the other three quarters. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 24.64 vs. an industry ratio of 33.00. |
29534.0 | 2016-11-16 00:00:00 UTC | ABM Industries Hits a 52-Week High on Multiple Initiatives | ABM | https://www.nasdaq.com/articles/abm-industries-hits-a-52-week-high-on-multiple-initiatives-2016-11-16 | nan | nan | Shares of leading provider of facility solutions ABM Industries Inc.ABM scaled a new 52-week high of $43.71 on Nov 15, highlighting a solid year-to-date return of 53.1%. Barring minor hiccups, the company's share price has been on an uptrend since the beginning of this year.
Despite the strong price appreciation, this Zacks Rank #3 (Hold) stock has the fundamentals to scale higher. The stock is currently trading at a forward P/E of 23.1x and has long-term earnings growth expectation of 8%.
Growth Drivers
Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into an on-site, mobile and on-demand market based structure. This realignment has improved its long-term growth prospects and has opened up 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 the existing markets through both inorganic and organic means across the industry verticals.
ABM INDUSTRIES Price and Consensus
ABM INDUSTRIES Price and Consensus | ABM INDUSTRIES Quote
In order to fuel its growth momentum, ABM has embarked on a Vision 2020 plan that outlines its vision for the next five years. The plan has three primary phases, the first aimed at increasing 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 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 has successfully completed the first phase of the Vision 2020 plan. The company 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's comprehensive and transformative initiatives are focused on driving sustainable profitability by effectively allocating resources to high-margin services and business verticals with a strong competitive edge. Management also disclosed that corporate restructuring initiatives are well on track to yield sustained long-term growth momentum. The company's recent inclusion in the Fortune 500 list raises its goodwill in the industry and augments its position in the market.
All these measures for a relatively healthy growth impetus for the near future probably raised investor confidence and drove the shares to a 52-week high.
Stocks to Consider
Some better-ranked stocks in the industry include LifeLock, Inc. LOCK , TransUnion TRU and Exponent Inc. EXPO , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
LifeLock is currently trading at a forward P/E of 44.3x and has beaten estimates thrice over the trailing four quarters, for an average earnings surprise of 27.4%.
TransUnion has a long-term earnings growth expectation of 12.8% and is currently trading at a forward P/E of 22.7x.
Exponent has a long-term earnings growth expectation of 12.0% and is currently trading at a forward P/E of 40.1x.
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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's comprehensive and transformative initiatives are focused on driving sustainable profitability by effectively allocating resources to high-margin services and business verticals with a strong competitive edge. Shares of leading provider of facility solutions ABM Industries Inc.ABM scaled a new 52-week high of $43.71 on Nov 15, highlighting a solid year-to-date return of 53.1%. Growth Drivers Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into an on-site, mobile and on-demand market based structure. | ABM INDUSTRIES Price and Consensus ABM INDUSTRIES Price and Consensus | ABM INDUSTRIES Quote In order to fuel its growth momentum, ABM has embarked on a Vision 2020 plan that outlines its vision for the next five years. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report EXPONENT INC (EXPO): Free Stock Analysis Report LIFELOCK INC (LOCK): Free Stock Analysis Report TRANSUNION (TRU): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of leading provider of facility solutions ABM Industries Inc.ABM scaled a new 52-week high of $43.71 on Nov 15, highlighting a solid year-to-date return of 53.1%. | ABM INDUSTRIES Price and Consensus ABM INDUSTRIES Price and Consensus | ABM INDUSTRIES Quote In order to fuel its growth momentum, ABM has embarked on a Vision 2020 plan that outlines its vision for the next five years. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report EXPONENT INC (EXPO): Free Stock Analysis Report LIFELOCK INC (LOCK): Free Stock Analysis Report TRANSUNION (TRU): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of leading provider of facility solutions ABM Industries Inc.ABM scaled a new 52-week high of $43.71 on Nov 15, highlighting a solid year-to-date return of 53.1%. | Shares of leading provider of facility solutions ABM Industries Inc.ABM scaled a new 52-week high of $43.71 on Nov 15, highlighting a solid year-to-date return of 53.1%. Growth Drivers Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into an on-site, mobile and on-demand market based structure. ABM INDUSTRIES Price and Consensus ABM INDUSTRIES Price and Consensus | ABM INDUSTRIES Quote In order to fuel its growth momentum, ABM has embarked on a Vision 2020 plan that outlines its vision for the next five years. |
29535.0 | 2016-11-14 00:00:00 UTC | ABM Industries Poised for Top-Line Growth, Risks Remain | ABM | https://www.nasdaq.com/articles/abm-industries-poised-for-top-line-growth-risks-remain-2016-11-14 | nan | nan | On Nov 14, 2016, Zacks Investment Research downgraded ABM Industries IncorporatedABM to a Zacks Rank #3 (Hold). Going by the Zacks model, companies holding a Zacks Rank #3 have high chances of performing in line with the broader market in the quarters ahead.
Headquartered in San Francisco, CA, ABM Industries provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. The company 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 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 Industries' strategy entails growth through strategic acquisitions and organic growth while maintaining desirable profit margins. The company 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 were well on track to yield sustained long-term growth momentum. ABM Industries has further updated its fiscal 2016 guidance and expects adjusted income from continuing operations in the range of $1.70-$1.75 per share, up from $1.55-$1.65 expected earlier. The increased guidance is primarily due to the recognition of certain discrete tax items and higher-than-expected 2020 Vision savings.
ABM INDUSTRIES Price and Consensus
ABM INDUSTRIES Price and Consensus | ABM INDUSTRIES Quote
However, the company's failure to make new acquisitions on a regular basis may hamper its growth rate. A slowdown in acquisition activity may not only lead to lower revenues, but also lower margins, as revenues associated with acquired operations generally have higher margins than new revenues through organic growth. Furthermore, an acquisition strategy is not without risks, as the integration process can at times be costly and disruptive to the normal course of business operations.
Given the low cost of entry into the facility services business, ABM faces intense competition from local and national players. Furthermore, the company faces indirect competition from building owners or tenants, who perform one or more of these services internally in order to cut costs, especially in the areas where external services are subject to sales tax. These strong competitive pressures could limit the company's success rate in bidding for profitable businesses and its ability to increase prices in accordance with the rising costs.
We remain encouraged by the inherent growth potential of this stock. Some better-ranked stocks in the industry include Carbonite, Inc. CARB , LogMeIn, Inc. LOGM and Rollins Inc. ROL . Rollins carries a Zacks Rank #2 (Buy), whereas Carbonite and LogMeIn sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Carbonite has a long-term earnings growth expectation of 30% and is currently trading at a forward P/E of 82.9x. Carbonite has a stellar earnings surprise history with an average positive earnings surprise of 235.1% in the trailing four quarters, comprehensively beating estimates in each quarter.
LogMeIn has a long-term earnings growth expectation of 22.5% and is currently trading at a forward P/E of 99.1x. LogMeIn has a healthy earnings surprise history with an average positive earnings surprise of 49.7% in the trailing four quarters, beating estimates in each quarter.
Rollins is currently trading at a forward P/E of 40.8x. The company has a modest earnings surprise history with an average positive earnings surprise of 2.9% in the trailing four quarters, beating estimates twice.
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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 Nov 14, 2016, Zacks Investment Research downgraded ABM Industries IncorporatedABM to a Zacks Rank #3 (Hold). Headquartered in San Francisco, CA, ABM Industries provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. ABM Industries' strategy entails growth through strategic acquisitions and organic growth while maintaining desirable profit margins. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report LOGMEIN INC (LOGM): Free Stock Analysis Report CARBONITE INC (CARB): Free Stock Analysis Report To read this article on Zacks.com click here. On Nov 14, 2016, Zacks Investment Research downgraded ABM Industries IncorporatedABM to a Zacks Rank #3 (Hold). Headquartered in San Francisco, CA, ABM Industries provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. | ABM Industries' strategy entails growth through strategic acquisitions and organic growth while maintaining desirable profit margins. ABM INDUSTRIES Price and Consensus ABM INDUSTRIES Price and Consensus | ABM INDUSTRIES Quote However, the company's failure to make new acquisitions on a regular basis may hamper its growth rate. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report LOGMEIN INC (LOGM): Free Stock Analysis Report CARBONITE INC (CARB): Free Stock Analysis Report To read this article on Zacks.com click here. | On Nov 14, 2016, Zacks Investment Research downgraded ABM Industries IncorporatedABM to a Zacks Rank #3 (Hold). Headquartered in San Francisco, CA, ABM Industries provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. ABM Industries' strategy entails growth through strategic acquisitions and organic growth while maintaining desirable profit margins. |
29536.0 | 2016-11-08 00:00:00 UTC | 3 Reasons Value Stock Investors Will Love ABM Industries Incorporated (ABM) | ABM | https://www.nasdaq.com/articles/3-reasons-value-stock-investors-will-love-abm-industries-incorporated-abm-2016-11-08 | nan | nan | Many investors like to look for value in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term.
This method discovered several great candidates for value-oriented investors, but today let's focus on ABM Industries Incorporated ABM as this stock is looking especially impressive right now. And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for ABM's status as a solid value stock below:
Forward PE for ABM Industries
Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. Generally speaking, value investors like to see this ratio below 20, though it can vary by industry.
Right now, ABM has a forward PE of just 20.01, which means that investors are paying $20.01 for each dollar in expected ABM Industries earnings this year. Compared to the industry at large this is pretty favorable as the overall space has an average PE of 28.82 in comparison.
ABM INDUSTRIES PE Ratio (TTM)
ABM INDUSTRIES PE Ratio (TTM) | ABM INDUSTRIES Quote
Price to Forward Sales for ABM Industries
One of the most underrated ratios for value investors is the price/forward sales metric. This ratio shows investors how much they are paying for each dollar of revenues generated. In other words, a lower number is better here while a price to sales ratio of 1 means that you are paying one dollar for each dollar in sales.
With a P/S ratio of 0.40, ABM investors are paying 40 cents in stock price for each dollar of revenue generated by the company. Compare this to the industry average of 1.26, and it is safe to say that ABM is undervalued compared to many of its peers on this important metric.
ABM Earnings Estimate Revisions Moving in the Right Direction
The solid value ratios outlined in the preceding paragraphs might be enough for some investors, but we should also note that the earnings estimate revisions have been trending in a positive direction as well. Analysts who follow ABM stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for ABM Industries now.
Over the past 60 days,3 earnings estimates have gone higher compared to none lower for the full year, while we are also seeing that 3 estimate has move upwards with no downward revision for the next year time frame too. These revisions have helped to boost the consensus estimate as 60 days ago ABM was expected to post earnings of $1.74 per share for the full year though today it looks to have EPS of $1.60 for the full year.
Bottom Line
For the reasons detailed above, investors shouldn't be surprised to read that we have ABM as a stock with a Value Score of 'B' and a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
So if you are a value investor, definitely keep ABM on your short list as this looks to be a stock that is very well-positioned for gains in the near term.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for ABM's status as a solid value stock below: Forward PE for ABM Industries Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. Bottom Line For the reasons detailed above, investors shouldn't be surprised to read that we have ABM as a stock with a Value Score of 'B' and a Zacks Rank #2 (Buy). This method discovered several great candidates for value-oriented investors, but today let's focus on ABM Industries Incorporated ABM as this stock is looking especially impressive right now. | Right now, ABM has a forward PE of just 20.01, which means that investors are paying $20.01 for each dollar in expected ABM Industries earnings this year. ABM INDUSTRIES PE Ratio (TTM) ABM INDUSTRIES PE Ratio (TTM) | ABM INDUSTRIES Quote Price to Forward Sales for ABM Industries One of the most underrated ratios for value investors is the price/forward sales metric. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. | And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for ABM's status as a solid value stock below: Forward PE for ABM Industries Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. Right now, ABM has a forward PE of just 20.01, which means that investors are paying $20.01 for each dollar in expected ABM Industries earnings this year. ABM INDUSTRIES PE Ratio (TTM) ABM INDUSTRIES PE Ratio (TTM) | ABM INDUSTRIES Quote Price to Forward Sales for ABM Industries One of the most underrated ratios for value investors is the price/forward sales metric. | Right now, ABM has a forward PE of just 20.01, which means that investors are paying $20.01 for each dollar in expected ABM Industries earnings this year. ABM INDUSTRIES PE Ratio (TTM) ABM INDUSTRIES PE Ratio (TTM) | ABM INDUSTRIES Quote Price to Forward Sales for ABM Industries One of the most underrated ratios for value investors is the price/forward sales metric. This method discovered several great candidates for value-oriented investors, but today let's focus on ABM Industries Incorporated ABM as this stock is looking especially impressive right now. |
29537.0 | 2016-10-12 00:00:00 UTC | ABM Industries (ABM) Poised for Solid Long-Term Growth | ABM | https://www.nasdaq.com/articles/abm-industries-abm-poised-for-solid-long-term-growth-2016-10-12 | nan | nan | On Oct 12, Zacks Investment Research updated the research report on business services provider ABM Industries IncorporatedABM .
Headquartered in San Francisco, CA, ABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. 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 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 plan of actions are likely to help ABM to fuel its growth momentum.
With strong third-quarter fiscal 2016 results and steady progress in its Vision 2020 plan, ABM has also updated its fiscal 2016 guidance. For fiscal 2016, ABM expects adjusted income from continuing operations in the range of $1.70-$1.75, up from $1.55-$1.65 expected earlier. The increased guidance is primarily due to the recognition of certain discrete tax items and higher-than-expected 2020 Vision savings.
We remain encouraged by the inherent growth potential of this Zacks Rank #1 (Strong Buy) stock. Some other favorably ranked stocks in the industry include Carbonite, Inc. CARB , LogMeIn, Inc. LOGM and Cintas Corporation CTAS , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Carbonite has a long-term earnings growth expectation of 30% and is currently trading at a forward P/E of 96.3x. Carbonite has a stellar earnings surprise history with an average positive earnings surprise of 80.1% in the trailing four quarters, comprehensively beating estimates in each quarter.
LogMeIn has a long-term earnings growth expectation of 22.5% and is currently trading at a forward P/E of 99.2x. LogMeIn has a healthy earnings surprise history with an average positive earnings surprise of 55.7% in the trailing four quarters, beating estimates in each quarter.
Cintas has a long-term earnings growth expectation of 11% and is currently trading at a forward P/E of 24.1x. Cintas has a modest earnings surprise history with an average positive earnings surprise of 5.5% in the trailing four quarters, beating estimates in each quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Oct 12, Zacks Investment Research updated the research report on business services provider ABM Industries IncorporatedABM . Headquartered in San Francisco, CA, ABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. 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 (ABM): Free Stock Analysis Report LOGMEIN INC (LOGM): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report CARBONITE INC (CARB): Free Stock Analysis Report To read this article on Zacks.com click here. On Oct 12, Zacks Investment Research updated the research report on business services provider ABM Industries IncorporatedABM . Headquartered in San Francisco, CA, ABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report LOGMEIN INC (LOGM): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report CARBONITE INC (CARB): Free Stock Analysis Report To read this article on Zacks.com click here. On Oct 12, Zacks Investment Research updated the research report on business services provider ABM Industries IncorporatedABM . Headquartered in San Francisco, CA, ABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. | 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. On Oct 12, Zacks Investment Research updated the research report on business services provider ABM Industries IncorporatedABM . Headquartered in San Francisco, CA, ABM provides engineering, janitorial, parking, and facility solutions to commercial, industrial, institutional, and retail facilities. |
29538.0 | 2016-10-11 00:00:00 UTC | The Zacks Analyst Blog Highlights: iShares Edge MSCI USA Quality Factor ETF, PowerShares S&P 500 Quality Portfolio, Barron's 400 ETF, Dick's Sporting Goods and ABM Industries | ABM | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-ishares-edge-msci-usa-quality-factor-etf-powershares-sp | nan | nan | For Immediate Release
Chicago, IL - October 11, 2016 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include iShares Edge MSCI USA Quality Factor ETF ( NYSEARCA: QUAL - Free Report) , PowerShares S&P 500 Quality Portfolio ( NYSEARCA: SPHQ - Free Report) , Barron's 400 ETF ( NYSEARCA: BFOR - Free Report) , Dick's Sporting Goods Inc. ( NYSE: DKS - Free Report) and ABM Industries Incorporated ( NYSE: ABM - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
Quality ETFs & Stocks for a Market-Beating Portfolio
After a smooth ride in the third quarter, volatility is the key concern for the U.S. stocks in the final quarter given corporate earnings, the presidential election, the final OPEC deal, ECB tapering talks and the possible rate hike by the Fed in December. All these will continue to weigh on investor sentiment.
In particular, higher rates would result in tighter lending conditions and curtail consumer spending on a wide range of products including cars and houses. This in turn will hurt profitability across various segments. Further, the U.S. dollar hit its highest level in two months against the basket of currencies. This will have a huge impact on commodity-linked investments, reflecting that a rising rate environment will hurt a number of segments like utilities and real estate (read: ETF Strategies for a Rising Rate Environment ).
However, the spate of strong data, increase in oil price as well as expectations for better Q3 earnings bolstered confidence in the economy and could thereby set the stage for the stock rally. After four straight quarters of negative profit growth, the third-quarter earnings season for the S&P 500 index is expected to be the turning point wherein growth could come by, as per earnings tracker Thomson Reuters I/B/E/S.
Heightened volatility and uncertainty in the markets have made investors cautious about their stock investments . It would thus be better to focus on fundamentals and invest in "quality" ones.
Why Quality Investing?
Quality stocks are rich in value characteristics with healthy balance sheets, high return on capital, low volatility, elevated margins, and a track record of stable or rising sales and earnings growth. These stocks thus reduce volatility when compared to plain vanilla funds and hold up rather well during market swings. Further, academic research shows that high quality companies consistently deliver superior risk-adjusted returns than the broader market over the long term.
Given this, we have highlighted five solid picks each from the ETF and stock worlds, targeting this niche strategy. Any of these could enjoy smooth trading and outperform the U.S. market in the coming months.
ETF Picks
iShares Edge MSCI USA Quality Factor ETF ( NYSEARCA: QUAL - Free Report)
This fund provides exposure to the stocks exhibiting positive fundamentals (high return on equity, stable year-over-year earnings growth, and low financial leverage) by tracking the MSCI USA Sector Neutral Quality Index (read: 4 Best ETFs & Stocks to Tap the Tech Boom ).
No. of Holdings: 124
Expense Ratio: 0.15%
AUM: $3.2 billion
Average Daily Volume: 352,000 shares
Concentration Risk (as per Fidelity ): 12.56%
Top Sector: Information Technology
YTD Returns: 5.58%
PowerShares S&P 500 Quality Portfolio ( NYSEARCA: SPHQ - Free Report)
This fund tracks the S&P 500 High Quality Rankings Index, a benchmark of S&P 500 stocks that demonstrate the greatest quality characteristics.
No. of Holdings: 99
Expense Ratio: 0.29%
AUM: $1.1 billion
Average Daily Volume: 284,000 shares
Concentration Risk: 12.73%
Top Sector: Consumer Discretionary
YTD Returns: 9.27%
Barron's 400 ETF ( NYSEARCA: BFOR - Free Report)
This ETF seeks to track the performance of the rules-based and fundamentals-driven Barron's 400 Index. The benchmark uses the MarketGrader's fundamental analysis to select America's highest-performing stocks based on growth, valuation, profitability and cash flow.
No. of Holdings: 403
Expense Ratio: 0.65%
AUM: $169.7 million
Average Daily Volume: 13,000 shares
Concentration Risk: 1.34%
Top Sector: Consumer Discretionary
YTD Returns: 6.85%
Stock Picks
To find out the best stocks in this space, we have used the Zacks stock screener . The parameters include Zacks Rank #1 (Strong Buy) or 2 (Buy), VGM Style Score of 'A' or 'B', ROE of at least 10%, debt-to-equity ratio of less than 1, historically positive 5-year EPS growth, positive current-year EPS growth, positive current-year earnings estimate revisions over the past 30 days, and dividend yield of greater than 1%.
Dick's Sporting Goods Inc. ( NYSE: DKS - Free Report)
Based in Coraopolis, Pennsylvania, Dick's Sporting Goods is a leading full-line sporting goods retailer in the United States.
Zacks Stock Rank: #2
VGM Style Score: A
ROE: 18.43%
Debt/Equity: 0.09
5 Year Historical EPS Growth: 8.35%
Fiscal Year Earnings Growth: 5.9%
Positive Earnings Estimate Revisions Over 30 Days: 0.33%
Dividend Yield: 1.04%
ABM Industries Incorporated ( NYSE: ABM - Free Report)
Based in New York, ABM Industries is a provider of integrated facility solutions in the United States and internationally.
Zacks Stock Rank: #2
VGM Style Score: B
ROE: 10.15%
Debt/Equity: 0.22
5 Year Historical EPS Growth: 6.75%
Fiscal Year Earnings Growth: 7.61%
Positive Earnings Estimate Revisions Over 30 Days: 8.79%
Dividend Yield: 1.68%
In Conclusion
Quality ETFs and stocks often provide hedge against market volatility. Adding any of the above-mentioned products to one's long-term portfolio could be worthwhile thanks to their credit worthiness and soundness.
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ISHARS-MS US QF (QUAL): ETF Research Reports
PWRSH-SP5 HQ (SPHQ): ETF Research Reports
BARRONS-400 ETF (BFOR): ETF Research Reports
DICKS SPRTG GDS (DKS): Free Stock Analysis Report
ABM INDUSTRIES (ABM): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks recently featured in the blog include iShares Edge MSCI USA Quality Factor ETF ( NYSEARCA: QUAL - Free Report) , PowerShares S&P 500 Quality Portfolio ( NYSEARCA: SPHQ - Free Report) , Barron's 400 ETF ( NYSEARCA: BFOR - Free Report) , Dick's Sporting Goods Inc. ( NYSE: DKS - Free Report) and ABM Industries Incorporated ( NYSE: ABM - Free Report) . Debt/Equity: 0.09 5 Year Historical EPS Growth: 8.35% Fiscal Year Earnings Growth: 5.9% Positive Earnings Estimate Revisions Over 30 Days: 0.33% Dividend Yield: 1.04% ABM Industries Incorporated ( NYSE: ABM - Free Report) Based in New York, ABM Industries is a provider of integrated facility solutions in the United States and internationally. Get the full Report on QUAL - FREE Get the full Report on SPHQ - FREE Get the full Report on BFOR - FREE Get the full Report on DKS - FREE Get the full Report on ABM - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts 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. | Stocks recently featured in the blog include iShares Edge MSCI USA Quality Factor ETF ( NYSEARCA: QUAL - Free Report) , PowerShares S&P 500 Quality Portfolio ( NYSEARCA: SPHQ - Free Report) , Barron's 400 ETF ( NYSEARCA: BFOR - Free Report) , Dick's Sporting Goods Inc. ( NYSE: DKS - Free Report) and ABM Industries Incorporated ( NYSE: ABM - Free Report) . Debt/Equity: 0.09 5 Year Historical EPS Growth: 8.35% Fiscal Year Earnings Growth: 5.9% Positive Earnings Estimate Revisions Over 30 Days: 0.33% Dividend Yield: 1.04% ABM Industries Incorporated ( NYSE: ABM - Free Report) Based in New York, ABM Industries is a provider of integrated facility solutions in the United States and internationally. Get the full Report on QUAL - FREE Get the full Report on SPHQ - FREE Get the full Report on BFOR - FREE Get the full Report on DKS - FREE Get the full Report on ABM - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts 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. | Stocks recently featured in the blog include iShares Edge MSCI USA Quality Factor ETF ( NYSEARCA: QUAL - Free Report) , PowerShares S&P 500 Quality Portfolio ( NYSEARCA: SPHQ - Free Report) , Barron's 400 ETF ( NYSEARCA: BFOR - Free Report) , Dick's Sporting Goods Inc. ( NYSE: DKS - Free Report) and ABM Industries Incorporated ( NYSE: ABM - Free Report) . Get the full Report on QUAL - FREE Get the full Report on SPHQ - FREE Get the full Report on BFOR - FREE Get the full Report on DKS - FREE Get the full Report on ABM - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts 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. Click to get this free report ISHARS-MS US QF (QUAL): ETF Research Reports PWRSH-SP5 HQ (SPHQ): ETF Research Reports BARRONS-400 ETF (BFOR): ETF Research Reports DICKS SPRTG GDS (DKS): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks recently featured in the blog include iShares Edge MSCI USA Quality Factor ETF ( NYSEARCA: QUAL - Free Report) , PowerShares S&P 500 Quality Portfolio ( NYSEARCA: SPHQ - Free Report) , Barron's 400 ETF ( NYSEARCA: BFOR - Free Report) , Dick's Sporting Goods Inc. ( NYSE: DKS - Free Report) and ABM Industries Incorporated ( NYSE: ABM - Free Report) . Debt/Equity: 0.09 5 Year Historical EPS Growth: 8.35% Fiscal Year Earnings Growth: 5.9% Positive Earnings Estimate Revisions Over 30 Days: 0.33% Dividend Yield: 1.04% ABM Industries Incorporated ( NYSE: ABM - Free Report) Based in New York, ABM Industries is a provider of integrated facility solutions in the United States and internationally. Get the full Report on QUAL - FREE Get the full Report on SPHQ - FREE Get the full Report on BFOR - FREE Get the full Report on DKS - FREE Get the full Report on ABM - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts 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. |
29539.0 | 2016-10-10 00:00:00 UTC | Quality ETFs and Stocks for a Market-Beating Portfolio | ABM | https://www.nasdaq.com/articles/quality-etfs-and-stocks-market-beating-portfolio-2016-10-10 | nan | nan | After a smooth ride in the third quarter, volatility is the key concern for the U.S. stocks in the final quarter given corporate earnings, the presidential election, the final OPEC deal, ECB tapering talks and the possible rate hike by the Fed in December. All these will continue to weigh on investor sentiment.
In particular, higher rates would result in tighter lending conditions and curtail consumer spending on a wide range of products including cars and houses. This in turn will hurt profitability across various segments. Further, the U.S. dollar hit its highest level in two months against the basket of currencies. This will have a huge impact on commodity-linked investments, reflecting that a rising rate environment will hurt a number of segments like utilities and real estate (read: ETF Strategies for a Rising Rate Environment ).
However, the spate of strong data, increase in oil price as well as expectations for better Q3 earnings bolstered confidence in the economy and could thereby set the stage for the stock rally. After four straight quarters of negative profit growth, the third-quarter earnings season for the S&P 500 index is expected to be the turning point wherein growth could come by, as per earnings tracker Thomson Reuters I/B/E/S.
Heightened volatility and uncertainty in the markets have made investors cautious about their stock investments . It would thus be better to focus on fundamentals and invest in "quality" ones.
Why Quality Investing?
Quality stocks are rich in value characteristics with healthy balance sheets, high return on capital, low volatility, elevated margins, and a track record of stable or rising sales and earnings growth. These stocks thus reduce volatility when compared to plain vanilla funds and hold up rather well during market swings. Further, academic research shows that high quality companies consistently deliver superior risk-adjusted returns than the broader market over the long term.
Given this, we have highlighted five solid picks each from the ETF and stock worlds, targeting this niche strategy. Any of these could enjoy smooth trading and outperform the U.S. market in the coming months.
ETF Picks
iShares Edge MSCI USA Quality Factor ETF QUAL
This fund provides exposure to the stocks exhibiting positive fundamentals (high return on equity, stable year-over-year earnings growth, and low financial leverage) by tracking the MSCI USA Sector Neutral Quality Index (read: 4 Best ETFs & Stocks to Tap the Tech Boom ).
No. of Holdings: 124
Expense Ratio: 0.15%
AUM: $3.2 billion
Average Daily Volume: 352,000 shares
Concentration Risk (as per Fidelity ): 12.56%
Top Sector: Information Technology
YTD Returns: 5.58%
PowerShares S&P 500 Quality Portfolio SPHQ
This fund tracks the S&P 500 High Quality Rankings Index, a benchmark of S&P 500 stocks that demonstrate the greatest quality characteristics.
No. of Holdings: 99
Expense Ratio: 0.29%
AUM: $1.1 billion
Average Daily Volume: 284,000 shares
Concentration Risk: 12.73%
Top Sector: Consumer Discretionary
YTD Returns: 9.27%
Barron's 400 ETF BFOR
This ETF seeks to track the performance of the rules-based and fundamentals-driven Barron's 400 Index. The benchmark uses the MarketGrader's fundamental analysis to select America's highest-performing stocks based on growth, valuation, profitability and cash flow.
No. of Holdings: 403
Expense Ratio: 0.65%
AUM: $169.7 million
Average Daily Volume: 13,000 shares
Concentration Risk: 1.34%
Top Sector: Consumer Discretionary
YTD Returns: 6.85%
SPDR MSCI USA StrategicFactors ETF QUS
This fund offers exposure to stocks that have a combination of value, low volatility and quality factor strategies. This is done by tracking the MSCI USA Factor Mix A-Series Index.
No. of Holdings: 613
Expense Ratio: 0.15%
AUM: $12.5 million
Average Daily Volume: 2,000 shares
Concentration Risk: 7.59%
Top Sector: Information Technology
YTD Returns: 5.48%
FlexShares Quality Dividend Index Fund QDF
This ETF follows the Northern Trust Quality Dividend Index and uses a proprietary model that includes factors like profitability, management efficiency and cash flow (read: Beat the Market with These High Dividend ETFs & Stocks ).
No. of Holdings: 162
Expense Ratio: 0.37%
AUM: $1.4 billion
Average Daily Volume: 98,000 shares
Concentration Risk: 9.25%
Top Sector: Information Technology
YTD Returns: 10.54%
Stock Picks
To find out the best stocks in this space, we have used the Zacks stock screener . The parameters include Zacks Rank #1 (Strong Buy) or 2 (Buy), VGM Style Score of 'A' or 'B', ROE of at least 10%, debt-to-equity ratio of less than 1, historically positive 5-year EPS growth, positive current-year EPS growth, positive current-year earnings estimate revisions over the past 30 days, and dividend yield of greater than 1%.
Dick's Sporting Goods Inc. DKS
Based in Coraopolis, Pennsylvania, Dick's Sporting Goods is a leading full-line sporting goods retailer in the United States.
Zacks Stock Rank: #2
VGM Style Score: A
ROE: 18.43%
Debt/Equity: 0.09
5 Year Historical EPS Growth: 8.35%
Fiscal Year Earnings Growth: 5.9%
Positive Earnings Estimate Revisions Over 30 Days: 0.33%
Dividend Yield: 1.04%
ABM Industries Incorporated ABM
Based in New York, ABM Industries is a provider of integrated facility solutions in the United States and internationally.
Zacks Stock Rank: #2
VGM Style Score: B
ROE: 10.15%
Debt/Equity: 0.22
5 Year Historical EPS Growth: 6.75%
Fiscal Year Earnings Growth: 7.61%
Positive Earnings Estimate Revisions Over 30 Days: 8.79%
Dividend Yield: 1.68%
Thor Industries Inc. THO
Based in Elkhart, Indiana, Thor Industries designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada (read: Top-Ranked Sector ETFs & Stocks for Q4 ).
Zacks Stock Rank: #2
VGM Style Score: A
ROE: 22.5%
Debt/Equity: 0.28
5 Year Historical EPS Growth: 21.27%
Fiscal Year Earnings Growth: 15.74%
Positive Earnings Estimate Revisions Over 30 Days: 5.06%
Dividend Yield: 1.40%
Steelcase Inc. SCS
Based in Grand Rapids, Michigan, Steelcase is a designer, manufacturer, and distributor of an integrated portfolio of furniture settings, user-centered technologies, and interior architectural products.
Zacks Stock Rank: #2
VGM Style Score: A
ROE: 17.38%
Debt/Equity: 0.40
5 Year Historical EPS Growth: 13.30%
Fiscal Year Earnings Growth: 6.73%
Positive Earnings Estimate Revisions Over 30 Days: 0.91%
Dividend Yield: 3.47%
Worthington Industries Inc. WOR
Based in Columbus, Ohio, Worthington Industries is one of the leading diversified metal processing companies (read: Top Sectors of Q3 and Their Best ETFs ).
Zacks Stock Rank: #1
VGM Style Score: A
ROE: 21.60%
Debt/Equity: 0.59
5 Year Historical EPS Growth: 6.51%
Fiscal Year Earnings Growth: 27.02%
Positive Earnings Estimate Revisions Over 30 Days: 18.87%
Dividend Yield: 1.68%
In Conclusion
Quality ETFs and stocks often provide hedge against market volatility. Adding any of the above-mentioned products to one's long-term portfolio could be worthwhile thanks to their credit worthiness and soundness.
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ABM INDUSTRIES (ABM): Free Stock Analysis Report
THOR INDS INC (THO): Free Stock Analysis Report
STEELCASE INC (SCS): Free Stock Analysis Report
WORTHINGTON IND (WOR): Free Stock Analysis Report
DICKS SPRTG GDS (DKS): Free Stock Analysis Report
ISHARS-MS US QF (QUAL): ETF Research Reports
FLEXS-QLTY DIV (QDF): ETF Research Reports
BARRONS-400 ETF (BFOR): ETF Research Reports
SPDR-MSCI US SF (QUS): ETF Research Reports
PWRSH-SP5 HQ (SPHQ): ETF Research Reports
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. | Debt/Equity: 0.09 5 Year Historical EPS Growth: 8.35% Fiscal Year Earnings Growth: 5.9% Positive Earnings Estimate Revisions Over 30 Days: 0.33% Dividend Yield: 1.04% ABM Industries Incorporated ABM Based in New York, ABM Industries is a provider of integrated facility solutions in the United States and internationally. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report THOR INDS INC (THO): Free Stock Analysis Report STEELCASE INC (SCS): Free Stock Analysis Report WORTHINGTON IND (WOR): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report ISHARS-MS US QF (QUAL): ETF Research Reports FLEXS-QLTY DIV (QDF): ETF Research Reports BARRONS-400 ETF (BFOR): ETF Research Reports SPDR-MSCI US SF (QUS): ETF Research Reports PWRSH-SP5 HQ (SPHQ): ETF Research Reports To read this article on Zacks.com click here. Quality stocks are rich in value characteristics with healthy balance sheets, high return on capital, low volatility, elevated margins, and a track record of stable or rising sales and earnings growth. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report THOR INDS INC (THO): Free Stock Analysis Report STEELCASE INC (SCS): Free Stock Analysis Report WORTHINGTON IND (WOR): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report ISHARS-MS US QF (QUAL): ETF Research Reports FLEXS-QLTY DIV (QDF): ETF Research Reports BARRONS-400 ETF (BFOR): ETF Research Reports SPDR-MSCI US SF (QUS): ETF Research Reports PWRSH-SP5 HQ (SPHQ): ETF Research Reports To read this article on Zacks.com click here. Debt/Equity: 0.09 5 Year Historical EPS Growth: 8.35% Fiscal Year Earnings Growth: 5.9% Positive Earnings Estimate Revisions Over 30 Days: 0.33% Dividend Yield: 1.04% ABM Industries Incorporated ABM Based in New York, ABM Industries is a provider of integrated facility solutions in the United States and internationally. of Holdings: 403 Expense Ratio: 0.65% AUM: $169.7 million Average Daily Volume: 13,000 shares Concentration Risk: 1.34% Top Sector: Consumer Discretionary YTD Returns: 6.85% SPDR MSCI USA StrategicFactors ETF QUS This fund offers exposure to stocks that have a combination of value, low volatility and quality factor strategies. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report THOR INDS INC (THO): Free Stock Analysis Report STEELCASE INC (SCS): Free Stock Analysis Report WORTHINGTON IND (WOR): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report ISHARS-MS US QF (QUAL): ETF Research Reports FLEXS-QLTY DIV (QDF): ETF Research Reports BARRONS-400 ETF (BFOR): ETF Research Reports SPDR-MSCI US SF (QUS): ETF Research Reports PWRSH-SP5 HQ (SPHQ): ETF Research Reports To read this article on Zacks.com click here. Debt/Equity: 0.09 5 Year Historical EPS Growth: 8.35% Fiscal Year Earnings Growth: 5.9% Positive Earnings Estimate Revisions Over 30 Days: 0.33% Dividend Yield: 1.04% ABM Industries Incorporated ABM Based in New York, ABM Industries is a provider of integrated facility solutions in the United States and internationally. ETF Picks iShares Edge MSCI USA Quality Factor ETF QUAL This fund provides exposure to the stocks exhibiting positive fundamentals (high return on equity, stable year-over-year earnings growth, and low financial leverage) by tracking the MSCI USA Sector Neutral Quality Index (read: 4 Best ETFs & Stocks to Tap the Tech Boom ). | Debt/Equity: 0.09 5 Year Historical EPS Growth: 8.35% Fiscal Year Earnings Growth: 5.9% Positive Earnings Estimate Revisions Over 30 Days: 0.33% Dividend Yield: 1.04% ABM Industries Incorporated ABM Based in New York, ABM Industries is a provider of integrated facility solutions in the United States and internationally. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report THOR INDS INC (THO): Free Stock Analysis Report STEELCASE INC (SCS): Free Stock Analysis Report WORTHINGTON IND (WOR): Free Stock Analysis Report DICKS SPRTG GDS (DKS): Free Stock Analysis Report ISHARS-MS US QF (QUAL): ETF Research Reports FLEXS-QLTY DIV (QDF): ETF Research Reports BARRONS-400 ETF (BFOR): ETF Research Reports SPDR-MSCI US SF (QUS): ETF Research Reports PWRSH-SP5 HQ (SPHQ): ETF Research Reports To read this article on Zacks.com click here. of Holdings: 124 Expense Ratio: 0.15% AUM: $3.2 billion Average Daily Volume: 352,000 shares Concentration Risk (as per Fidelity ): 12.56% Top Sector: Information Technology YTD Returns: 5.58% PowerShares S&P 500 Quality Portfolio SPHQ This fund tracks the S&P 500 High Quality Rankings Index, a benchmark of S&P 500 stocks that demonstrate the greatest quality characteristics. |
29540.0 | 2016-10-03 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for October 04, 2016 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-october-04-2016-2016-10-03 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on October 04, 2016. A cash dividend payment of $0.165 per share is scheduled to be paid on November 07, 2016. 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 $39.7, the dividend yield is 1.66%.
The previous trading day's last sale of ABM was $39.7, representing a -1.9% decrease from the 52 week high of $40.47 and a 49.81% increase over the 52 week low of $26.50.
ABM's current earnings per share, an indicator of a company's profitability, is $1.55. Zacks Investment Research reports ABM's forecasted earnings growth in 2016 as 7.61%, 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:
PowerShares S&P SmallCap Industrials Portfolio ( PSCI ).
The top-performing ETF of this group is PSCI with an increase of 12% over the last 100 days. It also has the highest percent weighting of ABM at 1.85%.
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. Zacks Investment Research reports ABM's forecasted earnings growth in 2016 as 7.61%, compared to an industry average of 9.7%. 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 $1.55. 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, 2016. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on October 04, 2016. 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 $1.55. 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, 2016. |
29541.0 | 2016-09-30 00:00:00 UTC | Reminder - ABM Industries (ABM) Goes Ex-Dividend Soon | ABM | https://www.nasdaq.com/articles/reminder-abm-industries-abm-goes-ex-dividend-soon-2016-09-30 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 10/4/16, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.165, payable on 11/7/16. As a percentage of ABM's recent stock price of $39.47, this dividend works out to approximately 0.42%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABM is likely to continue, and whether the current estimated yield of 1.67% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ABM shares, versus its 200 day moving average:
Looking at the chart above, ABM's low point in its 52 week range is $26.50 per share, with $40.47 as the 52 week high point - that compares with a last trade of $39.47.
According to the ETF Finder at ETF Channel, ABM makes up 4.42% of the Environmental Services ETF (Symbol: EVX) which is trading relatively unchanged on the day Friday.
In Friday trading, ABM Industries, Inc. shares are currently trading flat 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. | As a percentage of ABM's recent stock price of $39.47, this dividend works out to approximately 0.42%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABM is likely to continue, and whether the current estimated yield of 1.67% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $26.50 per share, with $40.47 as the 52 week high point - that compares with a last trade of $39.47. | Looking at the universe of stocks we cover at Dividend Channel , on 10/4/16, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.165, payable on 11/7/16. In Friday trading, ABM Industries, Inc. shares are currently trading flat on the day. As a percentage of ABM's recent stock price of $39.47, this dividend works out to approximately 0.42%. | Looking at the universe of stocks we cover at Dividend Channel , on 10/4/16, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.165, payable on 11/7/16. 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 $26.50 per share, with $40.47 as the 52 week high point - that compares with a last trade of $39.47. As a percentage of ABM's recent stock price of $39.47, this dividend works out to approximately 0.42%. | Looking at the universe of stocks we cover at Dividend Channel , on 10/4/16, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.165, payable on 11/7/16. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABM is likely to continue, and whether the current estimated yield of 1.67% on annualized basis is a reasonable expectation of annual yield going forward. In Friday trading, ABM Industries, Inc. shares are currently trading flat on the day. |
29542.0 | 2016-09-30 00:00:00 UTC | ABM Offers EPC Program to Lower CA District School Costs | ABM | https://www.nasdaq.com/articles/abm-offers-epc-program-to-lower-ca-district-school-costs-2016-09-30 | nan | nan | Leading provider of facility solutions, ABM Industries IncorporatedABM , recently announced that it has inked a deal to offer its energy infrastructure upgrades for Salida Union School District, CA.
The Deal
Per the deal, ABM will provide its customized solution to help Salida Union School District curb costs of over $4.6 million in energy and operating over the next 20 years. The company will be offering energy-efficient solutions and water conservation ways to various schools within the vicinity. The projects are scheduled to be completed in 2017.
The company's energy performance contracting program provides cost-reduction solutions for its client's operating budget, enabling savings which can be used to fund mission critical facility requirements.
Due to lack of funds, Salida Union School District initially had been utilizing old equipments due to which they had to incur high operating and maintenance costs. The California Energy Commission had provided the required funds for the setting up of this new facility.
To help Salida Union School District qualify for the fund provision by California Energy Commission, ABM conducted an extensive audit and worked with top members of the District to determine degrading equipment and fall in energy-efficiency opportunities for various schools. Using this information, ABM's team assisted the District get 39 grant to fund the project.
ABM INDUSTRIES Price
ABM INDUSTRIES Price | ABM INDUSTRIES Quote
The program will provide 925,000 kilowatt-hours on an average in energy savings, which will be monitored by the company over the tenure of the contract, to make certain that the full amount is received. ABM anticipates that the operational savings will amount to more than $175,000 per year in addition to the energy savings.
This is a long-term project for ABM, which will help it reap profits and will augment the company's goodwill in the market.
Some other stocks worth considering in the Business Service industry include InnerWorkings Inc. INWK , Xerox Corporation XRX and Avis Budget Group, Inc. CAR .
InnerWorkings is a Business Service stock with an average positive earnings surprise of 77.9% over the last four quarters. The company beat estimates in all of the past four quarters.
Xerox, belonging to the Business Services space, has a positive earnings surprise history. The company beat estimates thrice in the trailing four quarters.
Avis Budget has seen estimates rise from $2.27 per share to $2.35 over the last 60 days.
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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 announced that it has inked a deal to offer its energy infrastructure upgrades for Salida Union School District, CA. The Deal Per the deal, ABM will provide its customized solution to help Salida Union School District curb costs of over $4.6 million in energy and operating over the next 20 years. To help Salida Union School District qualify for the fund provision by California Energy Commission, ABM conducted an extensive audit and worked with top members of the District to determine degrading equipment and fall in energy-efficiency opportunities for various schools. | ABM INDUSTRIES Price ABM INDUSTRIES Price | ABM INDUSTRIES Quote The program will provide 925,000 kilowatt-hours on an average in energy savings, which will be monitored by the company over the tenure of the contract, to make certain that the full amount is received. Click to get this free report AVIS BUDGET GRP (CAR): Free Stock Analysis Report INNERWORKINGS (INWK): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report XEROX CORP (XRX): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries IncorporatedABM , recently announced that it has inked a deal to offer its energy infrastructure upgrades for Salida Union School District, CA. | To help Salida Union School District qualify for the fund provision by California Energy Commission, ABM conducted an extensive audit and worked with top members of the District to determine degrading equipment and fall in energy-efficiency opportunities for various schools. ABM INDUSTRIES Price ABM INDUSTRIES Price | ABM INDUSTRIES Quote The program will provide 925,000 kilowatt-hours on an average in energy savings, which will be monitored by the company over the tenure of the contract, to make certain that the full amount is received. Click to get this free report AVIS BUDGET GRP (CAR): Free Stock Analysis Report INNERWORKINGS (INWK): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report XEROX CORP (XRX): Free Stock Analysis Report To read this article on Zacks.com click here. | Leading provider of facility solutions, ABM Industries IncorporatedABM , recently announced that it has inked a deal to offer its energy infrastructure upgrades for Salida Union School District, CA. To help Salida Union School District qualify for the fund provision by California Energy Commission, ABM conducted an extensive audit and worked with top members of the District to determine degrading equipment and fall in energy-efficiency opportunities for various schools. The Deal Per the deal, ABM will provide its customized solution to help Salida Union School District curb costs of over $4.6 million in energy and operating over the next 20 years. |
29543.0 | 2016-09-21 00:00:00 UTC | 3 Reasons Value Stock Investors Will Love ABM Industries (ABM) | ABM | https://www.nasdaq.com/articles/3-reasons-value-stock-investors-will-love-abm-industries-abm-2016-09-21 | nan | nan | Many investors like to look for value in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term.
This method discovered several great candidates for value-oriented investors, but today let's focus on ABM Industries IncorporatedABM as this stock is looking especially impressive right now. And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for ABM's status as a solid value stock below:
Forward PE for ABM Industries
Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. Generally speaking, value investors like to see this ratio below 20, though it can vary by industry.
ABM INDUSTRIES PE Ratio (TTM)
ABM INDUSTRIES PE Ratio (TTM) | ABM INDUSTRIES Quote
Right now, ABM has a forward PE of just 22.34, which means that investors are paying $22.34 for each dollar in expected ABM Industriesearnings this year. Compared to the industry at large this is pretty favorable as the overall space has an average PE of 24.39 in comparison.
Price to Forward Sales for ABM Industries
One of the most underrated ratios for value investors is the price/forward sales metric. This ratio shows investors how much they are paying for each dollar of revenues generated. In other words, a lower number is better here while a price to sales ratio of 1 means that you are paying one dollar for each dollar in sales.
With a P/S ratio of 0.42, ABM investors are paying 42 cents in stock price for each dollar of revenue generated by the company. Compare this to the industry average of 1. 2, and it is safe to say that ABM is undervalued compared to many of its peers on this important metric.
ABM Earnings Estimate Revisions Moving in the Right Direction
The solid value ratios outlined in the preceding paragraphs might be enough for some investors, but we should also note that the earnings estimate revisions have been trending in a positive direction as well. Analysts who follow ABM stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for ABM Industries now.
Over the past 30 days, 3 earnings estimates have gone higher compared to none lower for the full year, while we are also seeing that 3 estimate has move upwards with no downward revision for the next year time frame too. These revisions have helped to boost the consensus estimate as 30 days ago ABM was expected to post earnings of $1.60 per share for the full year though today it looks to have EPS of $1.74 for the full year.
Bottom Line
For the reasons detailed above, investors shouldn't be surprised to read that we have ABM as a stock with a Value Score of 'B' and a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
So if you are a value investor, definitely keep ABM on your short list as this looks to be a stock that is very well-positioned for gains in the near term.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This method discovered several great candidates for value-oriented investors, but today let's focus on ABM Industries IncorporatedABM as this stock is looking especially impressive right now. Bottom Line For the reasons detailed above, investors shouldn't be surprised to read that we have ABM as a stock with a Value Score of 'B' and a Zacks Rank #2 (Buy). And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for ABM's status as a solid value stock below: Forward PE for ABM Industries Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. | And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for ABM's status as a solid value stock below: Forward PE for ABM Industries Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. ABM INDUSTRIES PE Ratio (TTM) ABM INDUSTRIES PE Ratio (TTM) | ABM INDUSTRIES Quote Right now, ABM has a forward PE of just 22.34, which means that investors are paying $22.34 for each dollar in expected ABM Industriesearnings this year. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. | And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for ABM's status as a solid value stock below: Forward PE for ABM Industries Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. ABM INDUSTRIES PE Ratio (TTM) ABM INDUSTRIES PE Ratio (TTM) | ABM INDUSTRIES Quote Right now, ABM has a forward PE of just 22.34, which means that investors are paying $22.34 for each dollar in expected ABM Industriesearnings this year. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. | And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for ABM's status as a solid value stock below: Forward PE for ABM Industries Easily one of the most popular readings for value investors, the forward PE ratio shows us the current price of a stock divided by the full year earnings. ABM INDUSTRIES PE Ratio (TTM) ABM INDUSTRIES PE Ratio (TTM) | ABM INDUSTRIES Quote Right now, ABM has a forward PE of just 22.34, which means that investors are paying $22.34 for each dollar in expected ABM Industriesearnings this year. This method discovered several great candidates for value-oriented investors, but today let's focus on ABM Industries IncorporatedABM as this stock is looking especially impressive right now. |
29544.0 | 2016-09-08 00:00:00 UTC | ABM Industries (ABM) Beats on Q3 Earnings, Raises View | ABM | https://www.nasdaq.com/articles/abm-industries-abm-beats-on-q3-earnings-raises-view-2016-09-08 | nan | nan | Business services provider ABM Industries IncorporatedABM recorded solid third-quarter fiscal 2016 (ended Jul 31, 2016) results on the back of healthy revenues across most of the operating segments. Adjusted earnings (from continuing operations) for the reported quarter were $30.6 million or 54 cents per share compared with $24.2 million or 42 cents per share in the year-earlier quarter. The year-over-year increase was primarily due to lower insurance-related expenses, higher revenues from the Janitorial and ABES businesses and a less working day in the quarter. Adjusted earnings for quarter comprehensively beat the Zacks Consensus Estimate of 38 cents.
On a GAAP basis, net income for the reported quarter was $31.1 million or 55 cents per share, significantly up from $1.5 million or 3 cents per share in the year-ago quarter. The year-over-year improvement in GAAP earnings, despite higher operating expenses, was primarily attributable to higher revenues and savings related to Vision 2020 initiatives.
Improvement in Revenues
Revenues for the reported quarter increased 3.8% year over year to $1,296.9 million, driven largely by higher work order (tag) sales and a solid ABES (Technical Services) business. Organic growth improved 2.2% year over year, while inorganic growth added $19.3 million of incremental revenues during the quarter, primarily related to the Westway acquisition in the U.K. (reflected in the Building & Energy Solutions segment). Quarterly revenues, however, missed the Zacks Consensus Estimate of $1,312 million.
The quarter reported operating profit of $18.5 million as against operating loss of $7.6 million in the year-ago period. Adjusted EBITDA increased year over year to $61.1 million from $49.1 million for respective margins of 4.7% and 3.9%.
ABM INDUSTRIES Price, Consensus and EPS Surprise
ABM INDUSTRIES Price, Consensus and EPS Surprise | ABM INDUSTRIES Quote
Segmental Performance
Revenues from Janitorial increased 2% year over year to $691.8 million, driven by strong Work Order revenues. Segment operating profit for the reported quarter was up 33.3% year over year to $43.8 million.
Revenues from Facility Services were down 0.8% year over year to $146.2 million, while operating profit improved 31.7% to $7.9 million.
Revenues from Parking improved 3.5% year over year to $167.7 million, while operating profit from the segment was down 2.1% to $7.6 million.
Revenues from Building & Energy Solutions increased 12.5% to $167.8 million, while that from Other segment improved 9.3% year over year to $123.5 million.
Business Restructuring Update
ABM has embarked on a Vision 2020 plan that outlines its prospects for the next five years. The plan hinges on three primary phases, the first of which is aimed at increasing 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 cost savings by way of 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 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.
Financial Position
Cash and cash equivalents at quarter end were $51.6 million. Net cash provided by operating activities during the quarter was $16.9 million, compared with $62.4 million in the prior-year period. ABM ended the quarter with total debt of $357 million.
During the quarter, the company repurchased approximately 0.3 million shares for $9.7 million. As of Jul 31, 2016, ABM had shares worth $157.3 million remaining for repurchase under its $200 million share buyback program.
Updated Guidance
With strong quarterly results and steady progress in its Vision 2020 plan, ABM updated its fiscal 2016 guidance. For fiscal 2016, ABM currently expects adjusted income from continuing operations in the range of $1.70-$1.75, up from $1.55-$1.65 expected earlier. The increased guidance is primarily due to the recognition of certain discrete tax items and higher-than-expected 2020 Vision savings.
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). Some better-ranked stocks in the industry include CBIZ, Inc. CBZ , Navigant Consulting Inc. NCI and The Hackett Group, Inc. HCKT , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks 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. | Business services provider ABM Industries IncorporatedABM recorded solid third-quarter fiscal 2016 (ended Jul 31, 2016) results on the back of healthy revenues across most of the operating segments. 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. ABM INDUSTRIES Price, Consensus and EPS Surprise ABM INDUSTRIES Price, Consensus and EPS Surprise | ABM INDUSTRIES Quote Segmental Performance Revenues from Janitorial increased 2% year over year to $691.8 million, driven by strong Work Order revenues. | ABM INDUSTRIES Price, Consensus and EPS Surprise ABM INDUSTRIES Price, Consensus and EPS Surprise | ABM INDUSTRIES Quote Segmental Performance Revenues from Janitorial increased 2% year over year to $691.8 million, driven by strong Work Order revenues. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report NAVIGANT CONSLT (NCI): Free Stock Analysis Report HACKETT GROUP (HCKT): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries IncorporatedABM recorded solid third-quarter fiscal 2016 (ended Jul 31, 2016) results on the back of healthy revenues across most of the operating segments. | ABM INDUSTRIES Price, Consensus and EPS Surprise ABM INDUSTRIES Price, Consensus and EPS Surprise | ABM INDUSTRIES Quote Segmental Performance Revenues from Janitorial increased 2% year over year to $691.8 million, driven by strong Work Order revenues. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report NAVIGANT CONSLT (NCI): Free Stock Analysis Report HACKETT GROUP (HCKT): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries IncorporatedABM recorded solid third-quarter fiscal 2016 (ended Jul 31, 2016) results on the back of healthy revenues across most of the operating segments. | Business services provider ABM Industries IncorporatedABM recorded solid third-quarter fiscal 2016 (ended Jul 31, 2016) results on the back of healthy revenues across most of the operating segments. ABM INDUSTRIES Price, Consensus and EPS Surprise ABM INDUSTRIES Price, Consensus and EPS Surprise | ABM INDUSTRIES Quote Segmental Performance Revenues from Janitorial increased 2% year over year to $691.8 million, driven by strong Work Order revenues. Business Restructuring Update ABM has embarked on a Vision 2020 plan that outlines its prospects for the next five years. |
29545.0 | 2016-09-07 00:00:00 UTC | After-Hours Earnings Report for September 7, 2016 : GWRE, VRNT, ABM, TLRD, BV, DTEA, EPM, FCEL, MIND, STRM | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-september-7-2016-gwre-vrnt-abm-tlrd-bv-dtea-epm-fcel-mind-strm | nan | nan | The following companies are expected to report earnings after hours on 09/07/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
Guidewire Software, Inc. ( GWRE ) is reporting for the quarter ending July 31, 2016. The business software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.18. This value represents a 12.50% increase compared to the same quarter last year. In the past year GWRE and beat the expectations the other three quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for GWRE is 352.89 vs. an industry ratio of -33.40, 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, 2016. The computer software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.38. This value represents a 8.57% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for VRNT is 16.27 vs. an industry ratio of 75.70.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2016. The building maintenance & services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.38. This value represents a 19.15% decrease compared to the same quarter last year. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 24.37 vs. an industry ratio of 27.50.
Tailored Brands, Inc. ( TLRD ) is reporting for the quarter ending July 31, 2016. The textile company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.92. This value represents a 14.02% decrease compared to the same quarter last year. TLRD missed the consensus earnings per share in the 2nd calendar quarter of 2016 by -32.56%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for TLRD is 8.37 vs. an industry ratio of 13.50.
Bazaarvoice, Inc. ( BV ) is reporting for the quarter ending July 31, 2016. The internet software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.09. This value represents a 25.00% increase compared to the same quarter last year. In the past year BV 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 BV is -17.96 vs. an industry ratio of 0.60.
DAVIDsTEA Inc. ( DTEA ) is reporting for the quarter ending July 31, 2016. The beverages company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.06. This value represents a no change for the same quarter last year. DTEA missed the consensus earnings per share in the 4th calendar quarter of 2015 by -33.33%. The "days to cover" for this stock exceeds 38 days.The days to cover, as reported in the 8/15/2016 short interest update, increased 166.43% from previous report on 7/29/2016. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DTEA is 32.71 vs. an industry ratio of 25.70, 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, 2016. The consensus earnings per share forecast from the 2 analysts that follow the stock is $0.01. EPM reported earnings of $0.05 per share for the same quarter a year ago; representing a a decrease of -80.00%.
FuelCell Energy, Inc. ( FCEL ) is reporting for the quarter ending July 31, 2016. The alternative energy company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.39. This value represents a 62.50% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for FCEL is -3.17 vs. an industry ratio of -6.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Mitcham Industries, Inc. ( MIND ) is reporting for the quarter ending July 31, 2016. The oil field machinery & equipment company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.43. This value represents a 12.24% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for MIND is -1.60 vs. an industry ratio of -14.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Streamline Health Solutions, Inc. ( STRM ) is reporting for the quarter ending July 31, 2016. The medical information systems company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.10. This value represents a 100.00% decrease compared to the same quarter last year. STRM missed the consensus earnings per share in the 1st calendar quarter of 2016 by -28.57%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for STRM is -4.93 vs. an industry ratio of 23.20.
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, 2016. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 24.37 vs. an industry ratio of 27.50. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2016. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 24.37 vs. an industry ratio of 27.50. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2016. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 24.37 vs. an industry ratio of 27.50. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2016. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 24.37 vs. an industry ratio of 27.50. |
29546.0 | 2016-09-06 00:00:00 UTC | ABM Industries (ABM) Q3 Earnings: What's in the Cards? | ABM | https://www.nasdaq.com/articles/abm-industries-abm-q3-earnings%3A-whats-in-the-cards-2016-09-06 | nan | nan | Leading provider of facility solutions, ABM Industries Inc.ABM is scheduled to report third-quarter fiscal 2016 results after the markets closes on Sep 7. In the last reported quarter, adjusted earnings beat the Zacks Consensus Estimate by 3 cents. Over the last four quarters, earnings beat estimates thrice, delivering an average positive earnings surprise of 13.66%.
Let's see how things are shaping up for this announcement.
Factors to Consider
In order to fuel its growth momentum, ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. The plan has three primary phases, the first of which is aimed at increasing the company's efficiency 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 has successfully completed the first phase of the Vision 2020 plan. The company is currently focusing on the second phase and remains confident of achieving $40-$50 million in savings through operational efficiencies by the end of 2017.
ABM INDUSTRIES Price and EPS Surprise
ABM INDUSTRIES Price and EPS Surprise | ABM INDUSTRIES Quote
During the third quarter, the company inked a deal to offer infrastructure upgrades in Temple Terrace in Florida. Per the deal it will provide its customized energy performance contracting program to improve energy efficiency in the city. This customized solution will ensure energy efficiency and will help save over $1.46 million in energy and operating costs over a period of 15 years. The project is expected to be completed in Oct 2016.
The company's UK Business and Industry Group was awarded a multi-year contract by its existing customer Realm Ltd to offer integrated facility services for its London Designer Outlet at Wembley. ABM is a supplier of multiple services to Realm's Dalton Park and Livingstone Designer Outlet. Per this contract ABM will offer an additional suite of service options to Realm which includes energy, HVAC & mechanical and electrical service.
Alongside, the company was selected to provide janitorial services for Commonwealth Partners in New York City at 787 7th Avenue. The multi-million dollar contract will enhance ABM's national portfolio with Commonwealth Partners. This contract will help the company strengthen its presence in a number of key markets, including Los Angeles, Seattle, San Francisco, San Diego and Washington DC.
However, as ABM has a significant presence in the U.K., it is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post Brexit referendum. 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.
Given the low cost of entry into the facility services business, ABM also faces intense competition from local and national players. Furthermore, the company faces indirect competition from building owners or tenants, who perform one or more of these services internally in order to cut costs, especially in the areas where external services are subject to sales tax. These strong competitive pressures could limit the company's success rate in bidding for profitable businesses and its ability to increase prices in accordance with the rising costs.
Earnings Whispers
Our proven model does not conclusively show that ABM is likely to beat earnings this quarter as it lacks the key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, currently stands at 0.00%.
Zacks Rank: ABM carries a Zacks Rank #3 which when combined with 0.00% ESP makes surprise prediction uncertain.
Note that we caution against stocks with a Zacks Rank #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Francesca's Holdings Corporation FRAN , expected to report earnings on Sep 7, has an Earnings ESP of +11.11% and a Zacks Rank #2.
Finish Line Inc. FINL , expected to report earnings on Sep 23, has an Earnings ESP of +1.89% and a Zacks Rank #2.
Casey's General Stores Inc. CASY , expected to report earnings on Sep 13, and has an Earnings ESP of + 0.56% and a Zacks Rank #3.
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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 Inc.ABM is scheduled to report third-quarter fiscal 2016 results after the markets closes on Sep 7. Factors to Consider In order to fuel its growth momentum, ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. ABM has successfully completed the first phase of the Vision 2020 plan. | ABM INDUSTRIES Price and EPS Surprise ABM INDUSTRIES Price and EPS Surprise | ABM INDUSTRIES Quote During the third quarter, the company inked a deal to offer infrastructure upgrades in Temple Terrace in Florida. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries Inc.ABM is scheduled to report third-quarter fiscal 2016 results after the markets closes on Sep 7. | ABM INDUSTRIES Price and EPS Surprise ABM INDUSTRIES Price and EPS Surprise | ABM INDUSTRIES Quote During the third quarter, the company inked a deal to offer infrastructure upgrades in Temple Terrace in Florida. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report FINISH LINE-CLA (FINL): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report FRANCESCAS HLDG (FRAN): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries Inc.ABM is scheduled to report third-quarter fiscal 2016 results after the markets closes on Sep 7. | Leading provider of facility solutions, ABM Industries Inc.ABM is scheduled to report third-quarter fiscal 2016 results after the markets closes on Sep 7. Factors to Consider In order to fuel its growth momentum, ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. ABM has successfully completed the first phase of the Vision 2020 plan. |
29547.0 | 2016-08-16 00:00:00 UTC | ABM Industries (ABM) Hits New 52-Week High on Core Focus | ABM | https://www.nasdaq.com/articles/abm-industries-abm-hits-new-52-week-high-on-core-focus-2016-08-16 | nan | nan | Shares of leading provider of facility solutions, ABM Industries Inc.ABM scaled a new 52-week high of $38.12 on Aug 15 for a solid year-to-date return of 33.9%. Barring minor hiccups, ABM's share price has steadily been on an uptrend since the beginning of this year.
Despite its strong price appreciation, this Zacks Rank #3 (Hold) stock has the wherewithal to continue its growth curve. The stock is currently trading at a forward P/E of 23.5x and has long-term earnings growth expectation of 8%.
Growth Drivers
Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into 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 the existing markets through both inorganic and organic growth across the industry verticals.
ABM INDUSTRIES Price and Consensus
ABM INDUSTRIES Price and Consensus | ABM INDUSTRIES Quote
In order to fuel its growth momentum, ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. The plan has three primary phases, the first is aimed at increasing 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 has successfully completed the first phase of the Vision 2020 plan. The company 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's comprehensive and transformative initiatives are focused on driving sustainable profitability by effectively allocating resources to high-margin services and business verticals with a strong competitive edge. Management also disclosed that corporate restructuring initiatives are well on track to yield sustained long-term growth momentum. The company's recent inclusion in the Fortune 500 list further increases its goodwill in the industry and augments its position in the market.
All these measures for a relatively healthy growth impetus for the near future probably raised investor confidence and drove the shares to a 52-week high.
Other Stocks to Consider
Some better-ranked stocks in the industry include Illinois Tool Works Inc. ITW , Rollins Inc. ROL and Metso Corporation MXCYY , each carrying a Zacks Rank #2 (Buy).
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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's comprehensive and transformative initiatives are focused on driving sustainable profitability by effectively allocating resources to high-margin services and business verticals with a strong competitive edge. Shares of leading provider of facility solutions, ABM Industries Inc.ABM scaled a new 52-week high of $38.12 on Aug 15 for a solid year-to-date return of 33.9%. Barring minor hiccups, ABM's share price has steadily been on an uptrend since the beginning of this year. | ABM INDUSTRIES Price and Consensus ABM INDUSTRIES Price and Consensus | ABM INDUSTRIES Quote In order to fuel its growth momentum, ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report ILL TOOL WORKS (ITW): Free Stock Analysis Report METSO CORP -ADR (MXCYY): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of leading provider of facility solutions, ABM Industries Inc.ABM scaled a new 52-week high of $38.12 on Aug 15 for a solid year-to-date return of 33.9%. | Growth Drivers Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into an on-site, mobile and on-demand market based structure. ABM INDUSTRIES Price and Consensus ABM INDUSTRIES Price and Consensus | ABM INDUSTRIES Quote In order to fuel its growth momentum, ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report ILL TOOL WORKS (ITW): Free Stock Analysis Report METSO CORP -ADR (MXCYY): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM INDUSTRIES Price and Consensus ABM INDUSTRIES Price and Consensus | ABM INDUSTRIES Quote In order to fuel its growth momentum, ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. Shares of leading provider of facility solutions, ABM Industries Inc.ABM scaled a new 52-week high of $38.12 on Aug 15 for a solid year-to-date return of 33.9%. Barring minor hiccups, ABM's share price has steadily been on an uptrend since the beginning of this year. |
29548.0 | 2016-08-10 00:00:00 UTC | ABM Remains Well Poised for Healthy Growth on Core Focus | ABM | https://www.nasdaq.com/articles/abm-remains-well-poised-for-healthy-growth-on-core-focus-2016-08-10 | nan | nan | On Aug 10, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM .
Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into 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.
In order to fuel its growth momentum, ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. The plan has three primary phases, the first of which is aimed at increasing 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 has successfully completed the first phase of the Vision 2020 plan. The company 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.
However, with a significant presence in the U.K., ABM is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post Brexit referendum. 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.
Nevertheless, we remain impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock. Some better-ranked stocks in the industry include CRA International Inc. CRAI , CBIZ, Inc. CBZ and Navigant Consulting Inc. NCI , each carrying a Zacks Rank #2 (Buy).
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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 Aug 10, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into an on-site, mobile and on-demand market based structure. In order to fuel its growth momentum, ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report NAVIGANT CONSLT (NCI): Free Stock Analysis Report CRA INTL INC (CRAI): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. On Aug 10, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into an on-site, mobile and on-demand market based structure. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report NAVIGANT CONSLT (NCI): Free Stock Analysis Report CRA INTL INC (CRAI): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. On Aug 10, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into an on-site, mobile and on-demand market based structure. | On Aug 10, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into an on-site, mobile and on-demand market based structure. In order to fuel its growth momentum, ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. |
29549.0 | 2016-07-18 00:00:00 UTC | Jacobs Streamlines Operations, Divests French Unit to NOX | ABM | https://www.nasdaq.com/articles/jacobs-streamlines-operations-divests-french-unit-to-nox-2016-07-18 | nan | nan | Jacobs Engineering Group Inc.JEC recently inked a share repurchase agreement to transfer the operations of its France-based subsidiary to NOX SARL. The deal was made in cash but the financial details were not disclosed.
Jacobs' French business complements that of NOX and hence, the strategic move reflects the company's focus on achieving continuous growth in its core segments. Also, Jacobs believes that the initiative would significantly enhance its operations in its targeted geographies and markets.
Moving Forward
Jacobs is one of the most popular technical service providers in the global forum. It offers professional, technical and construction services to diversified public, industrial and commercial clients. We believe that the transfer of ownership of its French unit to NOX would further streamline Jacobs' operations.
Share Price and Zacks Rank
Share price of the company stood at $52.70 per share as of Jul 15, 2016. We expect the aforesaid announcement to result in stock price movement in the near term.
JACOBS ENGIN GR Price
JACOBS ENGIN GR Price | JACOBS ENGIN GR Quote
Jacobs currently carries a Zacks Rank #3 (Hold). The company remains on track to boost its financials via new contracts, improved backlogs, greater operational efficiency and increased innovations. However, headwinds like a strong U.S. dollar, intense competition and dismal pricing environment in the global mining and energy market raise concerns.
Stocks to Consider
Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , KBR, Inc. KBR and ABM Industries Incorporated ABM . All the three companies currently hold a Zacks Rank #2 (Buy).
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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. | Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , KBR, Inc. KBR and ABM Industries Incorporated ABM . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report KBR INC (KBR): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report To read this article on Zacks.com click here. Jacobs Engineering Group Inc.JEC recently inked a share repurchase agreement to transfer the operations of its France-based subsidiary to NOX SARL. | Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , KBR, Inc. KBR and ABM Industries Incorporated ABM . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report KBR INC (KBR): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report To read this article on Zacks.com click here. JACOBS ENGIN GR Price JACOBS ENGIN GR Price | JACOBS ENGIN GR Quote Jacobs currently carries a Zacks Rank #3 (Hold). | Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report KBR INC (KBR): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , KBR, Inc. KBR and ABM Industries Incorporated ABM . Share Price and Zacks Rank Share price of the company stood at $52.70 per share as of Jul 15, 2016. | Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report KBR INC (KBR): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , KBR, Inc. KBR and ABM Industries Incorporated ABM . JACOBS ENGIN GR Price JACOBS ENGIN GR Price | JACOBS ENGIN GR Quote Jacobs currently carries a Zacks Rank #3 (Hold). |
29550.0 | 2016-07-14 00:00:00 UTC | Jacobs Receives Contract for Australian PTA Rail Project | ABM | https://www.nasdaq.com/articles/jacobs-receives-contract-for-australian-pta-rail-project-2016-07-14 | nan | nan | Jacobs Engineering Group Inc.JEC recently received a contract from the Western Australia Public Transport Authority ("PTA"). The company has been designated as the client-side technical advisor for the entity's Forrestfield Airport Rail Link. Details of the important rail sector deal have been kept under wraps.
The project involves construction of roughly 8.5 kilometers of underground rail through twin bored tunnels. The tunnels link the Perth airport as well as the eastern foothill suburbs to an existing passenger rail line above the ground. The infrastructure project, which is presently the largest in Western Australia, entails the construction of a new above and below ground station.
Jacobs would provide a multi-disciplinary environmental and engineering team to PTA. The team would review construction documents and design of the project. Jacobs would serve as the discipline lead for the project's rail and building services and will be assisted by consultants like Golder & Associates and B,G&E.
Share Price and Zacks Rank
Share price of the company stood at $53.09 per share as of Jul 12, 2016. We expect the aforesaid announcement to result in stock price movement in the near term.
JACOBS ENGIN GR Price and Consensus
JACOBS ENGIN GR Price and Consensus | JACOBS ENGIN GR Quote
Jacobs currently carries a Zacks Rank #3 (Hold). The company remains on track to boost its financials via new contracts, improved backlogs, greater operational efficiency and increased innovations. However, headwinds like strong U.S. dollar, intense industry competition and dismal pricing environment in the global mining and energy market raise concerns.
Stocks to Consider
Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and Accretive Health, Inc. ACHI . All the three companies currently hold a Zacks Rank #2 (Buy).
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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. | Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and Accretive Health, Inc. ACHI . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report ACCRETIVE HLTH (ACHI): Free Stock Analysis Report To read this article on Zacks.com click here. Jacobs Engineering Group Inc.JEC recently received a contract from the Western Australia Public Transport Authority ("PTA"). | Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and Accretive Health, Inc. ACHI . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report ACCRETIVE HLTH (ACHI): Free Stock Analysis Report To read this article on Zacks.com click here. JACOBS ENGIN GR Price and Consensus JACOBS ENGIN GR Price and Consensus | JACOBS ENGIN GR Quote Jacobs currently carries a Zacks Rank #3 (Hold). | Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report ACCRETIVE HLTH (ACHI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and Accretive Health, Inc. ACHI . Share Price and Zacks Rank Share price of the company stood at $53.09 per share as of Jul 12, 2016. | Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and Accretive Health, Inc. ACHI . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report ACCRETIVE HLTH (ACHI): Free Stock Analysis Report To read this article on Zacks.com click here. The team would review construction documents and design of the project. |
29551.0 | 2016-07-14 00:00:00 UTC | Should You Buy ABM Industries (ABM) Ahead of Earnings? | ABM | https://www.nasdaq.com/articles/should-you-buy-abm-industries-abm-ahead-of-earnings-2016-07-14 | nan | nan | Looking for a stock that might be in a good position to beat earnings at its next report? Consider ABM Industries IncorporatedABM , a firm in the Building-Maintenance & Services, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, ABM has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, ABM expected to earn 26 cents per share, while it actually produced earnings of 38 cents per share, a beat of 46.2%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 28 cents per share, when it actually saw earnings of 31 cents per share instead, representing a 10.7% positive surprise.
ABM INDUSTRIES Price and EPS Surprise
ABM INDUSTRIES Price and EPS Surprise | ABM INDUSTRIES Quote
Thanks in part to this history, recent estimates have been moving higher for ABM Industries. In fact, the Earnings ESP for ABM is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company's earnings prospects. This is the case for ABM, as the firm currently has a Zacks Earnings ESP of 2.63%, so another beat could be around the corner.
This is particularly true when you consider that ABM has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that ABM could see another beat at its next report, especially if recent trends are any guide.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In fact, in these reports, ABM has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations. This is particularly true when you consider that ABM has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. Consider ABM Industries IncorporatedABM , a firm in the Building-Maintenance & Services, which could be a great candidate for another beat. | ABM INDUSTRIES Price and EPS Surprise ABM INDUSTRIES Price and EPS Surprise | ABM INDUSTRIES Quote Thanks in part to this history, recent estimates have been moving higher for ABM Industries. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that ABM could see another beat at its next report, especially if recent trends are any guide. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. | Earnings in Focus Two quarters ago, ABM expected to earn 26 cents per share, while it actually produced earnings of 38 cents per share, a beat of 46.2%. ABM INDUSTRIES Price and EPS Surprise ABM INDUSTRIES Price and EPS Surprise | ABM INDUSTRIES Quote Thanks in part to this history, recent estimates have been moving higher for ABM Industries. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that ABM could see another beat at its next report, especially if recent trends are any guide. | In fact, the Earnings ESP for ABM is positive, which is a great sign of a coming beat. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that ABM could see another beat at its next report, especially if recent trends are any guide. Consider ABM Industries IncorporatedABM , a firm in the Building-Maintenance & Services, which could be a great candidate for another beat. |
29552.0 | 2016-07-13 00:00:00 UTC | Jacobs Entrusted with Parachute Development Task by NASA | ABM | https://www.nasdaq.com/articles/jacobs-entrusted-with-parachute-development-task-by-nasa-2016-07-13 | nan | nan | Jacobs Engineering Group Inc.JEC has received a $40.3 million task from National Aeronautics and Space Administration's ("NASA") Johnson Space Center. The new task is part of Jacobs' JSC Engineering and Technical Services (JETS) contract and is an extension of the existing parachute test/development work being conducted by the company for the Orion Program since 2006.
Jacobs has now been entrusted with executing manned flight prerequisite testing on Orion space capsule's parachute system. The capsule is being designed to support human deep space exploration. Additionally, Jacobs would produce, deliver and install flight parachutes for the first Orion Exploration Mission (EM-1). The mission involves circumnavigation of the moon and thereafter returning to earth.
The new task has significantly strengthened Jacobs' status as a premium aerospace technology provider. Since 20017, the company has accomplished 38 full-scale parachute system tests for NASA. In 2014, Jacobs had delivered parachutes for Engineering Flight Test 1 (EFT-1), which were used when Orion reached in a high orbit almost 3,600 miles above earth. Recently, Jacobs successfully completed the seventeenth and concluding engineering development test of the Orion parachute system in Arizona in the U.S Army's Yuma Proving Grounds.
Share Price and Zacks Rank
Share price of the company stood at $53.09 per share as of Jul 12, 2016. We expect the aforesaid news to result in stock price movement in the near term.
JACOBS ENGIN GR Price
JACOBS ENGIN GR Price | JACOBS ENGIN GR Quote
Jacobs currently carries a Zacks Rank #3 (Hold). The company remains on track to boost its financials via new contracts, improved backlogs, greater operational efficiency and increased innovations.
However, headwinds like strong U.S. dollar, intense industry competition and dismal pricing environment in the global mining and energy market raise concerns.
Stocks to Consider
Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and Accretive Health, Inc. ACHI . All the three companies currently hold a Zacks Rank #2 (Buy).
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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. | Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and Accretive Health, Inc. ACHI . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report ACCRETIVE HLTH (ACHI): Free Stock Analysis Report To read this article on Zacks.com click here. The new task is part of Jacobs' JSC Engineering and Technical Services (JETS) contract and is an extension of the existing parachute test/development work being conducted by the company for the Orion Program since 2006. | Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and Accretive Health, Inc. ACHI . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report ACCRETIVE HLTH (ACHI): Free Stock Analysis Report To read this article on Zacks.com click here. JACOBS ENGIN GR Price JACOBS ENGIN GR Price | JACOBS ENGIN GR Quote Jacobs currently carries a Zacks Rank #3 (Hold). | Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report ACCRETIVE HLTH (ACHI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and Accretive Health, Inc. ACHI . The new task is part of Jacobs' JSC Engineering and Technical Services (JETS) contract and is an extension of the existing parachute test/development work being conducted by the company for the Orion Program since 2006. | Stocks to Consider Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and Accretive Health, Inc. ACHI . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report ACCRETIVE HLTH (ACHI): Free Stock Analysis Report To read this article on Zacks.com click here. Jacobs has now been entrusted with executing manned flight prerequisite testing on Orion space capsule's parachute system. |
29553.0 | 2016-07-07 00:00:00 UTC | Jacobs Plans Aviation Business Expansion to Meet Demand | ABM | https://www.nasdaq.com/articles/jacobs-plans-aviation-business-expansion-to-meet-demand-2016-07-07 | nan | nan | Jacobs Engineering Group Inc.JEC recently announced its intention to expand its global aviation business to capture the growing demand for aviation services.
To this end, the company has hired personnel for several important positions, including that of a Global Aviation Business Leader. Some of the most notable appointments include those of Steven B. Morris, Stephen M. Pelham, James Chilton and David Tomber.
According to surveys by premium aviation research institutes like International Air Transport Association ('IATA') and Airports Council International ('ACI'), the global aviation industry has scope for robust business growth in spite of headwinds like intense competition or high price volatilities. Several analysts predict that the intensity of air travel would more than double over the next two decades.
Jacobs expects its aviation business revenues and margins to improve over time. Increased passenger and cargo revenues should support top-line growth. Also, higher sales and sharp decline in fuel prices should boost profitability of the aviation business.
Jacobs remains focused on fortifying its aviation business with the aim to forge new public-private partnerships, improve delivery options and enhance construction management.
Jacobs shares gained 2.32% on the aforesaid announcement to $49.78 as of Jul 6, 2016. The upside reflects investors' confidence on the stock.
JACOBS ENGIN GR Price
JACOBS ENGIN GR Price | JACOBS ENGIN GR Quote
Zacks Rank and Stocks to Consider
Jacobs currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include ABM Industries Incorporated ABM , Accenture plc ACN and Automatic Data Processing, Inc. ADP . All the three companies presently holds a Zacks Rank #2 (Buy).
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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. | Some better-ranked stocks in the industry include ABM Industries Incorporated ABM , Accenture plc ACN and Automatic Data Processing, Inc. ADP . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report ACCENTURE PLC (ACN): Free Stock Analysis Report AUTOMATIC DATA (ADP): Free Stock Analysis Report To read this article on Zacks.com click here. To this end, the company has hired personnel for several important positions, including that of a Global Aviation Business Leader. | Some better-ranked stocks in the industry include ABM Industries Incorporated ABM , Accenture plc ACN and Automatic Data Processing, Inc. ADP . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report ACCENTURE PLC (ACN): Free Stock Analysis Report AUTOMATIC DATA (ADP): Free Stock Analysis Report To read this article on Zacks.com click here. JACOBS ENGIN GR Price JACOBS ENGIN GR Price | JACOBS ENGIN GR Quote Zacks Rank and Stocks to Consider Jacobs currently carries a Zacks Rank #3 (Hold). | Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report ACCENTURE PLC (ACN): Free Stock Analysis Report AUTOMATIC DATA (ADP): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include ABM Industries Incorporated ABM , Accenture plc ACN and Automatic Data Processing, Inc. ADP . According to surveys by premium aviation research institutes like International Air Transport Association ('IATA') and Airports Council International ('ACI'), the global aviation industry has scope for robust business growth in spite of headwinds like intense competition or high price volatilities. | Some better-ranked stocks in the industry include ABM Industries Incorporated ABM , Accenture plc ACN and Automatic Data Processing, Inc. ADP . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report ACCENTURE PLC (ACN): Free Stock Analysis Report AUTOMATIC DATA (ADP): Free Stock Analysis Report To read this article on Zacks.com click here. Jacobs Engineering Group Inc.JEC recently announced its intention to expand its global aviation business to capture the growing demand for aviation services. |
29554.0 | 2016-07-01 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for July 05, 2016 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-july-05-2016-2016-07-01 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 05, 2016. A cash dividend payment of $0.165 per share is scheduled to be paid on August 01, 2016. 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 $36.48, the dividend yield is 1.81%.
The previous trading day's last sale of ABM was $36.48, representing a -3.63% decrease from the 52 week high of $37.86 and a 37.66% increase over the 52 week low of $26.50.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and Allegion plc ( ALLE ). ABM's current earnings per share, an indicator of a company's profitability, is $1.03. Zacks Investment Research reports ABM's forecasted earnings growth in 2016 as -1.08%, compared to an industry average of 6.8%.
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:
Guggenheim S&P Smallcap 600 Pure Value ETF ( RZV ).
The top-performing ETF of this group is RZV with an increase of 17.44% over the last 100 days. It also has the highest percent weighting of ABM at 0.84%.
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 Allegion plc ( ALLE ). Zacks Investment Research reports ABM's forecasted earnings growth in 2016 as -1.08%, compared to an industry average of 6.8%. 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 $1.03. 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 05, 2016. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 05, 2016. 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 $1.03. The following ETF(s) have ABM as a top-10 holding: Guggenheim S&P Smallcap 600 Pure Value ETF ( RZV ). ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 05, 2016. |
29555.0 | 2016-06-30 00:00:00 UTC | WPP and Tencent Tie Up to Form China Social Marketing Lab | ABM | https://www.nasdaq.com/articles/wpp-and-tencent-tie-up-to-form-china-social-marketing-lab-2016-06-30 | nan | nan | The world's largest communications services group, WPP plcWPPGY , recently announced that it has entered into a strategic collaboration with a leading Chinese provider of Internet value added services, Tencent, to create a social innovation and ideation lab. The two companies have inked a memorandum of understanding (MOU) relating to this alliance.
About Tencent
Headquartered in Nanshan District, Shenzhen, Tencent is one of the largest Internet companies in the world. Its subsidiaries provide media, entertainment, Internet and mobile phone value-added services and operate online advertising services in China. Tencent strives to evolve with the Internet by investing in new projects.
The Strategic Alliance
The "China Social Marketing Lab" will merge Tencent's strengths in the local online space and WPP's global marketing expertise to develop enhanced solutions to cater to clients and target audiences. The aim is to conceptualize social ideas and campaigns for Tencent's QQ and Weixin/WeChat platforms through mutual knowledge sharing involving technology, analytics and creative skills.
This collaboration will strengthen WPP's footprint in China and create innovative products for better engaging of end users.
The alliance will be fruitful for both companies as both are proven experts in their fields. This is also likely to drive profitability at both WPP and Tencent.
WPP PLC Price
WPP PLC Price | WPP PLC Quote
WPP's Strategic Focus
Based in Ireland, WPP, together with its subsidiaries, provides advertising and communication services worldwide. The company operates through a number of established global, multinational and national advertising and marketing services companies.
Acquisitions and mergers have been the company's primary tool to strengthen its foothold in new and emerging markets. WPP completed 52 acquisitions worldwide, across the entire spectrum of its business in 2015. Of these, 18 acquisitions and investments were in new markets, 37 in quantitative and digital and 8 were driven by individual client or agency needs. The acquisitions were in accordance with the company's strategic focus on new markets, new media and data investment management. These acquisitions and collaborations will help WPP in leveraging its substantial technology assets and stay ahead of the curve in this dynamic industry.
WPP carries a Zacks Rank #3 (Hold). Some better-ranked stocks worth a look include US Ecology, Inc. ECOL , ExamWorks Group, Inc. EXAM and ABM Industries Incorporated ABM . All three stocks carry a Zacks Rank #2 (Buy).
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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. | EXAM and ABM Industries Incorporated ABM . Click to get this free report EXAMWORKS GROUP (EXAM): Free Stock Analysis Report WPP PLC (WPPGY): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report US ECOLOGY INC (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. The aim is to conceptualize social ideas and campaigns for Tencent's QQ and Weixin/WeChat platforms through mutual knowledge sharing involving technology, analytics and creative skills. | Click to get this free report EXAMWORKS GROUP (EXAM): Free Stock Analysis Report WPP PLC (WPPGY): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report US ECOLOGY INC (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. EXAM and ABM Industries Incorporated ABM . The world's largest communications services group, WPP plcWPPGY , recently announced that it has entered into a strategic collaboration with a leading Chinese provider of Internet value added services, Tencent, to create a social innovation and ideation lab. | Click to get this free report EXAMWORKS GROUP (EXAM): Free Stock Analysis Report WPP PLC (WPPGY): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report US ECOLOGY INC (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. EXAM and ABM Industries Incorporated ABM . The world's largest communications services group, WPP plcWPPGY , recently announced that it has entered into a strategic collaboration with a leading Chinese provider of Internet value added services, Tencent, to create a social innovation and ideation lab. | Click to get this free report EXAMWORKS GROUP (EXAM): Free Stock Analysis Report WPP PLC (WPPGY): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report US ECOLOGY INC (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. EXAM and ABM Industries Incorporated ABM . The world's largest communications services group, WPP plcWPPGY , recently announced that it has entered into a strategic collaboration with a leading Chinese provider of Internet value added services, Tencent, to create a social innovation and ideation lab. |
29556.0 | 2016-06-30 00:00:00 UTC | Omnicom Unit Forms DDB Health & Appoints Josh Prince CEO | ABM | https://www.nasdaq.com/articles/omnicom-unit-forms-ddb-health-appoints-josh-prince-ceo-2016-06-30 | nan | nan | Omnicom Group Inc.OMC , the world's leading advertising, marketing and corporate communications company, recently announced that its healthcare segment, Omnicom Health Group, has created DDB (Diagnostic Devices Branch) Health. This new unit will combine several professional healthcare agencies across the U.S. and Europe to form a forceful healthcare network.
About DDB Health
DDB Health, a part of Omnicom Health Group, will offer deep insights into customers, channels, and behavior, and assist in creating meaningful change on behalf of important healthcare brands.
Combining Omnicom's expertise in medical and healthcare service with DDB's rich heritage, this network looks to utilize creativity as a force for better health.
Per Ed Wise, CEO of Omnicom Health Group, DDB has a creative heritage and its state-of-the-art technology has helped clients to innovate and grow.
OMNICOM GRP Price
OMNICOM GRP Price | OMNICOM GRP Quote
Geographical Reach of DDB Health
The DDB Health unit merges two of Omnicom Health Group's award winning agencies, AgencyRx and Flashpoint Medica. These two agencies have been integrated into a U.S.-based unit which will function together in New York and San Francisco. However, this unit will have a global reach, bringing together the talents of DDB Health Germany, DDB Health Paris, and Synergy, a medical education offering with offices in London and Philadelphia.
Josh Prince Named CEO
Alongside, Josh Prince has been named the CEO of DDB Health. In addition to this role, Prince will occupy the office of the Chief Marketing Officer of Omnicom Health Group. Prior to this, Prince had served CDM Group (Cannes Lions Health 2015 Healthcare Network of the Year), as President for 29 years. He was the former co-founder of HealthWork, an award-winning DTC joint venture between BBDO (Batten, Barton, Durstine and Osborn) and CDM. Prince was awarded Industry Person of the Year by Med Ad News, in 2015.
Leveraging Prince's rich professional expertise, Omnicom's DDB Health is likely to profit in the times to come. The company has an advanced technologically innovative outlook, supported by clients who embrace such innovations willingly. Given this, the company is well positioned in solving complex problems for doctors, patients, and brands alike.
Healthcare Market Boom
Per the Global Forecast of the 2020 research report, the Healthcare IT market is expected to grow at a CAGR of 13.4% from 2015-2020. A greater part of the demand for healthcare IT solutions is driven by the growing need to reduce healthcare costs while adhering to regulatory requirements laid down by authorities for ensuring safety, security, and confidentiality of patient information.
Recently, Omnicom's healthcare unit announced that it is in the process of acquiring BioPharm Communications - a leading communications agency that focuses on the development and multi-channel operation of proprietary marketing programs.
Omnicom's Healthcare segment is currently focused on strategic organic and inorganic growth. Based on the market research report, it will be well positioned to improve revenues in the quarters ahead.
Omnicom carries a Zacks Rank #3 (Hold). Some better-ranked stocks worth a look include US Ecology, Inc. ECOL , ExamWorks Group, Inc. EXAM and ABM Industries Incorporated ABM . All three stocks carry a Zacks Rank #2 (Buy).
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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. | EXAM and ABM Industries Incorporated ABM . Click to get this free report EXAMWORKS GROUP (EXAM): Free Stock Analysis Report OMNICOM GRP (OMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report US ECOLOGY INC (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. Combining Omnicom's expertise in medical and healthcare service with DDB's rich heritage, this network looks to utilize creativity as a force for better health. | Click to get this free report EXAMWORKS GROUP (EXAM): Free Stock Analysis Report OMNICOM GRP (OMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report US ECOLOGY INC (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. EXAM and ABM Industries Incorporated ABM . Omnicom Group Inc.OMC , the world's leading advertising, marketing and corporate communications company, recently announced that its healthcare segment, Omnicom Health Group, has created DDB (Diagnostic Devices Branch) Health. | Click to get this free report EXAMWORKS GROUP (EXAM): Free Stock Analysis Report OMNICOM GRP (OMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report US ECOLOGY INC (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. EXAM and ABM Industries Incorporated ABM . Omnicom Group Inc.OMC , the world's leading advertising, marketing and corporate communications company, recently announced that its healthcare segment, Omnicom Health Group, has created DDB (Diagnostic Devices Branch) Health. | Click to get this free report EXAMWORKS GROUP (EXAM): Free Stock Analysis Report OMNICOM GRP (OMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report US ECOLOGY INC (ECOL): Free Stock Analysis Report To read this article on Zacks.com click here. EXAM and ABM Industries Incorporated ABM . Omnicom Group Inc.OMC , the world's leading advertising, marketing and corporate communications company, recently announced that its healthcare segment, Omnicom Health Group, has created DDB (Diagnostic Devices Branch) Health. |
29557.0 | 2016-06-29 00:00:00 UTC | ABM Offers EPC Program to Upgrade City of Temple Terrace | ABM | https://www.nasdaq.com/articles/abm-offers-epc-program-to-upgrade-city-of-temple-terrace-2016-06-29 | nan | nan | Leading provider of facility solutions, ABM Industries IncorporatedABM , recently announced that it has inked a deal to offer infrastructure upgrades in Temple Terrace in Florida. ABM will provide its customized energy performance contracting program (EPC) to improve energy efficiency in the city. The company will provide its energy-efficient program to eight public buildings in Temple Terrace.
The Deal
Utilizing ABM's advanced technology, the city will be well positioned to save over $1.46 million in energy and operating costs over a period of 15 years. The project started from Apr 2016 and will be completed by October this year.
The company's EPC program is designed to meet customers' technical needs and sustainability goals by significantly reducing operating costs.
To go ahead with this project, ABM conducted an extensive audit of the public buildings in Temple Terrace. Per the audit, 57% of the HVAC (heating, ventilating, and air conditioning) equipment in these buildings was either 15 years old or more with several units showing signs of degradation. Given a detailed list of the city's assets, their conditions and expenses, the company was able to design a project plan and chalk out financial solutions to enhance energy efficiency and reduce carbon emissions. This project will help boost operating profit by upgrading HVAC equipment and adding state-of-the-art technology in these buildings.
ABM will be closely working with city leaders to gather insights about the city and its infrastructural needs. Together they will work out a financial program, using the city's Community Investment Tax funds, to secure $3 million for driving infrastructure improvements.
ABM INDUSTRIES Price
ABM INDUSTRIES Price | ABM INDUSTRIES Quote
Benefits of the Deal
Channeling the above fund, the city will be able to generate energy and operational savings, which will in turn finance the upgrades without burdening the taxpayers further. This investment will reap its fruits in the long run, as it will provide relief to the city's General Fund for years to come. In addition, the program will provide more than $95,000 on an average in energy savings, which will be monitored by the company over the tenure of the contract, to make certain that the full amount is received. ABM anticipates that the operational savings will amount to more than $100,000 per year in addition to the energy savings.
The deal will help the city utilize tax payers' funds more efficiently. Alongside, this is a long-term project for ABM, which apart from reaping profits will also augment the company's goodwill in the market.
ABM carries a Zacks Rank #2 (Buy). Some other stocks worth a look in the industry include Owens-Illinois, Inc. OI , Apogee Enterprises, Inc. APOG and Core-Mark Holding Company, Inc. CORE . Owens-Illinois and Core-Mark Holding carry a Zacks Rank #1 (Strong Buy), whereas Apogee Enterprises carries the same Zacks Rank as ABM.
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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 announced that it has inked a deal to offer infrastructure upgrades in Temple Terrace in Florida. The Deal Utilizing ABM's advanced technology, the city will be well positioned to save over $1.46 million in energy and operating costs over a period of 15 years. ABM will provide its customized energy performance contracting program (EPC) to improve energy efficiency in the city. | ABM INDUSTRIES Price ABM INDUSTRIES Price | ABM INDUSTRIES Quote Benefits of the Deal Channeling the above fund, the city will be able to generate energy and operational savings, which will in turn finance the upgrades without burdening the taxpayers further. Owens-Illinois and Core-Mark Holding carry a Zacks Rank #1 (Strong Buy), whereas Apogee Enterprises carries the same Zacks Rank as ABM. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report CORE-MARK HLDG (CORE): Free Stock Analysis Report OWENS-ILLINOIS (OI): Free Stock Analysis Report APOGEE ENTRPRS (APOG): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM will provide its customized energy performance contracting program (EPC) to improve energy efficiency in the city. ABM INDUSTRIES Price ABM INDUSTRIES Price | ABM INDUSTRIES Quote Benefits of the Deal Channeling the above fund, the city will be able to generate energy and operational savings, which will in turn finance the upgrades without burdening the taxpayers further. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report CORE-MARK HLDG (CORE): Free Stock Analysis Report OWENS-ILLINOIS (OI): Free Stock Analysis Report APOGEE ENTRPRS (APOG): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM will provide its customized energy performance contracting program (EPC) to improve energy efficiency in the city. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report CORE-MARK HLDG (CORE): Free Stock Analysis Report OWENS-ILLINOIS (OI): Free Stock Analysis Report APOGEE ENTRPRS (APOG): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries IncorporatedABM , recently announced that it has inked a deal to offer infrastructure upgrades in Temple Terrace in Florida. |
29558.0 | 2016-06-22 00:00:00 UTC | Jacobs Wins Detailed Engineering Contract from Sanmars | ABM | https://www.nasdaq.com/articles/jacobs-wins-detailed-engineering-contract-from-sanmars-2016-06-22 | nan | nan | Keeping with its growth strategy, Jacobs Engineering Group Inc.JEC inked a new service contract with TCI Sanmar Chemical S.A.E. The financial details of the deal are yet not disclosed.
Per the new deal with TCI Sanmar Chemical S.A.E., Jacobs would provide its premium procurement assistance and detailed engineering services for the expansion of the PVC-2 polyvinyl chloride plant - TCI Sanmar - in Port Said, Egypt. TCI Sanmar Chemical S.A.E., previously known as Trust Chemical Industries was acquired by The Sanmar Group in 2007. The acquisition was targeted toward the establishment of the first large green Polyvinyl chloride plant utilizing state-of-the-art technology.
TCI Sanmar plant primarily manufactures caustic soda. The Sanmar Group is currently making investments worth billions in TCI Sanmar to increase its caustic soda productivity. With the premium services offered by Jacobs the extended facility would attain a production capacity of 200 kilo-tons per annum (KTPA) and ultimately boost the plants' gross PVC productivity to 400 KTPA. This would fortify TCI Sanmar Chemical S.A.E.'s status as one of the largest PVC producers in North Africa and the Middle East. The project is estimated to include an engineering session of 18 months and would require 21 months for mechanical completion.
Growth Prospects
Jacobs is one of the leading providers of technical services and construction solutions for diversified public, industrial and commercial clients worldwide. The latest contact would further solidify the company's engineering and procurement assistance expertise on a globally. As on Jun 21, 2016, the share price of the company stood at $52.20. We expect this announcement to boost investor's confidence in the stock.
JACOBS ENGIN GR Price and Consensus
JACOBS ENGIN GR Price and Consensus | JACOBS ENGIN GR Quote
Stocks to Consider
Jacobs presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and CBIZ, Inc. CBZ . All the three companies currently hold a Zacks Rank #2 (Buy).
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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. | Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and CBIZ, Inc. CBZ . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Keeping with its growth strategy, Jacobs Engineering Group Inc.JEC inked a new service contract with TCI Sanmar Chemical S.A.E. | Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and CBIZ, Inc. CBZ . Per the new deal with TCI Sanmar Chemical S.A.E., Jacobs would provide its premium procurement assistance and detailed engineering services for the expansion of the PVC-2 polyvinyl chloride plant - TCI Sanmar - in Port Said, Egypt. | Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and CBIZ, Inc. CBZ . Per the new deal with TCI Sanmar Chemical S.A.E., Jacobs would provide its premium procurement assistance and detailed engineering services for the expansion of the PVC-2 polyvinyl chloride plant - TCI Sanmar - in Port Said, Egypt. | Some better-ranked stocks in the industry include Willdan Group, Inc. WLDN , ABM Industries Incorporated ABM and CBIZ, Inc. CBZ . Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report WILLDAN GROUP (WLDN): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Per the new deal with TCI Sanmar Chemical S.A.E., Jacobs would provide its premium procurement assistance and detailed engineering services for the expansion of the PVC-2 polyvinyl chloride plant - TCI Sanmar - in Port Said, Egypt. |
29559.0 | 2016-06-13 00:00:00 UTC | Can The Uptrend Continue for ABM Industries (ABM)? | ABM | https://www.nasdaq.com/articles/can-the-uptrend-continue-for-abm-industries-abm-2016-06-13 | nan | nan | Investors certainly have to be happy with ABM Industries IncorporatedABM and its short term performance. After all, the stock has jumped by 13.2% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for ABM?
While we can never know for sure, it is pretty encouraging that estimates for ABM have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.
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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 certainly have to be happy with ABM Industries IncorporatedABM and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for ABM? While we can never know for sure, it is pretty encouraging that estimates for ABM have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Investors certainly have to be happy with ABM Industries IncorporatedABM and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for ABM? | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Investors certainly have to be happy with ABM Industries IncorporatedABM and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for ABM? | Investors certainly have to be happy with ABM Industries IncorporatedABM and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for ABM? While we can never know for sure, it is pretty encouraging that estimates for ABM have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. |
29560.0 | 2016-06-10 00:00:00 UTC | Company News for June 10, 2016 | ABM | https://www.nasdaq.com/articles/company-news-for-june-10-2016-2016-06-10 | nan | nan | • J. M. Smucker Company's ( SJM ) shares jumped 7.9% after announcing fiscal fourth quarter earnings of $1.86 per share, surpassing the Zacks Consensus Estimate of $1.19
• Shares of Vail Resorts Inc. ( MTN ) increased 2.9% after declaring fiscal third quarter earnings of $4.23 per share, beating the Zacks Consensus Estimate by 3 cents
• Vodafone Group Plc's ( VOD ) shares fell 2.3% on news of a $2.4 billion merger of the company's New Zealand unit with Sky Network Television
• Shares of ABM Industries Incorporated ( ABM ) rose 7.2% after posting fiscal second quarter earnings of $0.31 per share, higher than the Zacks Consensus Estimate by 3 cents
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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. | • J. M. Smucker Company's ( SJM ) shares jumped 7.9% after announcing fiscal fourth quarter earnings of $1.86 per share, surpassing the Zacks Consensus Estimate of $1.19 • Shares of Vail Resorts Inc. ( MTN ) increased 2.9% after declaring fiscal third quarter earnings of $4.23 per share, beating the Zacks Consensus Estimate by 3 cents • Vodafone Group Plc's ( VOD ) shares fell 2.3% on news of a $2.4 billion merger of the company's New Zealand unit with Sky Network Television • Shares of ABM Industries Incorporated ( ABM ) rose 7.2% after posting fiscal second quarter earnings of $0.31 per share, higher than the Zacks Consensus Estimate by 3 cents Want the latest recommendations from Zacks Investment Research? Click to get this free report SMUCKER JM (SJM): Free Stock Analysis Report VAIL RESORTS (MTN): Free Stock Analysis Report VODAFONE GP PLC (VOD): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days. | • J. M. Smucker Company's ( SJM ) shares jumped 7.9% after announcing fiscal fourth quarter earnings of $1.86 per share, surpassing the Zacks Consensus Estimate of $1.19 • Shares of Vail Resorts Inc. ( MTN ) increased 2.9% after declaring fiscal third quarter earnings of $4.23 per share, beating the Zacks Consensus Estimate by 3 cents • Vodafone Group Plc's ( VOD ) shares fell 2.3% on news of a $2.4 billion merger of the company's New Zealand unit with Sky Network Television • Shares of ABM Industries Incorporated ( ABM ) rose 7.2% after posting fiscal second quarter earnings of $0.31 per share, higher than the Zacks Consensus Estimate by 3 cents Want the latest recommendations from Zacks Investment Research? Click to get this free report SMUCKER JM (SJM): Free Stock Analysis Report VAIL RESORTS (MTN): Free Stock Analysis Report VODAFONE GP PLC (VOD): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • J. M. Smucker Company's ( SJM ) shares jumped 7.9% after announcing fiscal fourth quarter earnings of $1.86 per share, surpassing the Zacks Consensus Estimate of $1.19 • Shares of Vail Resorts Inc. ( MTN ) increased 2.9% after declaring fiscal third quarter earnings of $4.23 per share, beating the Zacks Consensus Estimate by 3 cents • Vodafone Group Plc's ( VOD ) shares fell 2.3% on news of a $2.4 billion merger of the company's New Zealand unit with Sky Network Television • Shares of ABM Industries Incorporated ( ABM ) rose 7.2% after posting fiscal second quarter earnings of $0.31 per share, higher than the Zacks Consensus Estimate by 3 cents Want the latest recommendations from Zacks Investment Research? Click to get this free report SMUCKER JM (SJM): Free Stock Analysis Report VAIL RESORTS (MTN): Free Stock Analysis Report VODAFONE GP PLC (VOD): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • J. M. Smucker Company's ( SJM ) shares jumped 7.9% after announcing fiscal fourth quarter earnings of $1.86 per share, surpassing the Zacks Consensus Estimate of $1.19 • Shares of Vail Resorts Inc. ( MTN ) increased 2.9% after declaring fiscal third quarter earnings of $4.23 per share, beating the Zacks Consensus Estimate by 3 cents • Vodafone Group Plc's ( VOD ) shares fell 2.3% on news of a $2.4 billion merger of the company's New Zealand unit with Sky Network Television • Shares of ABM Industries Incorporated ( ABM ) rose 7.2% after posting fiscal second quarter earnings of $0.31 per share, higher than the Zacks Consensus Estimate by 3 cents Want the latest recommendations from Zacks Investment Research? Click to get this free report SMUCKER JM (SJM): Free Stock Analysis Report VAIL RESORTS (MTN): Free Stock Analysis Report VODAFONE GP PLC (VOD): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days. |
29561.0 | 2016-06-09 00:00:00 UTC | ABM Industries (ABM) Beats on Q2 Earnings, Revises View | ABM | https://www.nasdaq.com/articles/abm-industries-abm-beats-on-q2-earnings-revises-view-2016-06-09 | nan | nan | Business services provider ABM Industries IncorporatedABM recorded relatively healthy second-quarter fiscal 2016 (ended Apr 30, 2016) results on the back of solid revenues across most of the operating segments. Adjusted earnings (from continuing operations) for the reported quarter were $17.7 million or 31 cents per share compared with $19.0 million or 33 cents per share in the year-earlier quarter. The year-over-year decrease in adjusted earnings was primarily due to higher insurance-related expenses and an additional working day in the quarter. However, adjusted earnings for quarter exceeded the Zacks Consensus Estimate by 3 cents.
Abm Industries Inc. (ABM) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany
On a GAAP basis, net income for the reported quarter was $4.4 million or 8 cents per share, significantly down from $18.3 million or 32 cents per share in the year-ago quarter. The year-over-year decrease in earnings, despite healthy top-line improvement, was primarily attributable to higher operating expenses.
Revenues Rise on Organic Growth
Revenues for the reported quarter increased 6.9% year over year to $1,257.1 million and exceeded the Zacks Consensus Estimate of $1,246 million, largely driven by higher work order (tag) sales and a solid ABES (Technical Services) business. Organic growth improved 4.0% year over year, while inorganic growth added $34.0 million of incremental revenues during the quarter, primarily related to the Westway acquisition in the U.K. (reflected in the Building & Energy Solutions segment).
Operating profit for the reported quarter declined to $11.8 million from $27.2 million in the year-ago period owing to higher insurance-related expenses. Adjusted EBITDA decreased to $46.0 million from $48.7 million for respective margins of 3.7% and 4.1%.
Segmental Performance
Revenues from Janitorial increased 4.1% year over year to $686.4 million, driven by strong Work Order revenues. However, segment operating profit for the reported quarter declined 11.4% year over year to $34.8 million.
Revenues from Facility Services were down 1.9% year over year to $143.0 million, while operating profit improved 5.5% to $6.9 million owing to.
Revenues from Parking improved 7.2% year over year to $164.6 million, while operating profit from the segment was down 6.0% to $6.3 million.
Revenues from Building & Energy Solutions increased 25.9% to $153.1 million, while that from Other segment improved 14.5% year over year to $110.0 million.
Business Restructuring Update
ABM has embarked on a Vision 2020 plan that outlines its prospects for the next five years. The plan hinges on three primary phases, the first of which is aimed at increasing 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 cost savings by way of 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 focus on additional cost savings.
In concurrence with the quarterly results, management revealed that the company has successfully completed the first phase of the Vision 2020 plan. 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.
Financial Position
Cash and cash equivalents at quarter end were $45.7 million. Net cash from operating activities during the quarter was $87.4 million, compared with $71.4 million in the prior-year period. ABM ended the quarter with total debt of $336.5 million.
During the quarter, the company repurchased approximately 0.3 million shares for $10.2 million. As of Apr 30, 2016, ABM had shares worth $167.1 million remaining for repurchase under its $200 million share buyback program.
Updated Guidance
With relatively decent quarterly results and steady progress in its Vision 2020 plan, ABM updated its fiscal 2016 guidance. For fiscal 2016, ABM currently expects adjusted income from continuing operations in the range of $1.55-$1.65, up from $1.50-$1.60 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 currently has a Zacks Rank #3 (Hold). Some better-ranked stocks include CBIZ, Inc. CBZ , CEB Inc. CEB and The Hackett Group, Inc. HCKT , each carrying a Zacks Rank #2 (Buy).
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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. | Business services provider ABM Industries IncorporatedABM recorded relatively healthy second-quarter fiscal 2016 (ended Apr 30, 2016) results on the back of solid revenues across most of the operating segments. 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. Abm Industries Inc. (ABM) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany On a GAAP basis, net income for the reported quarter was $4.4 million or 8 cents per share, significantly down from $18.3 million or 32 cents per share in the year-ago quarter. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report HACKETT GROUP (HCKT): Free Stock Analysis Report CEB INC (CEB): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries IncorporatedABM recorded relatively healthy second-quarter fiscal 2016 (ended Apr 30, 2016) results on the back of solid revenues across most of the operating segments. Abm Industries Inc. (ABM) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany On a GAAP basis, net income for the reported quarter was $4.4 million or 8 cents per share, significantly down from $18.3 million or 32 cents per share in the year-ago quarter. | Abm Industries Inc. (ABM) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany On a GAAP basis, net income for the reported quarter was $4.4 million or 8 cents per share, significantly down from $18.3 million or 32 cents per share in the year-ago quarter. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report HACKETT GROUP (HCKT): Free Stock Analysis Report CEB INC (CEB): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries IncorporatedABM recorded relatively healthy second-quarter fiscal 2016 (ended Apr 30, 2016) results on the back of solid revenues across most of the operating segments. | Business services provider ABM Industries IncorporatedABM recorded relatively healthy second-quarter fiscal 2016 (ended Apr 30, 2016) results on the back of solid revenues across most of the operating segments. Abm Industries Inc. (ABM) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany On a GAAP basis, net income for the reported quarter was $4.4 million or 8 cents per share, significantly down from $18.3 million or 32 cents per share in the year-ago quarter. Business Restructuring Update ABM has embarked on a Vision 2020 plan that outlines its prospects for the next five years. |
29562.0 | 2016-06-09 00:00:00 UTC | Why Envision Healthcare Holdings, Sarepta Therapeutics, and ABM Industries Jumped Today | ABM | https://www.nasdaq.com/articles/why-envision-healthcare-holdings-sarepta-therapeutics-and-abm-industries-jumped-today-2016 | nan | nan | Image source: ABM Industries.
Thursday broke a positive streak for the stock market, as the Dow Jones Industrials fell back below the 18,000 level. Major market benchmarks were modestly lower, largely marking time in a holding pattern in advance of the Federal Open Market Committee's meeting next week
In general, market participants seem uncomfortable despite the fact that stocks are approaching all-time record levels, and a lack of clarity about the future direction of the economy gave investors an excuse to pause in the market's upward trajectory. Nevertheless, some stocks still managed to gain ground, and Envision Healthcare Holdings (NYSE: EVHC) , Sarepta Therapeutics (NASDAQ: SRPT) , and ABM Industries (NYSE: ABM) were among the best performers on the day.
Envision Healthcare climbed 8% after investors speculated about a potential takeover bid for the healthcare services provider. Reports surfaced that the company might be a potential target of AmSurg , which operates surgical centers. AmSurg has tried in the past to buy out one of Envision's competitors, but that company rejected the AmSurg proposal as providing insufficient value.
Details about what a possible combination would look like are far from clear, but from a business standpoint, combining the two companies' exposure to ambulance services, surgical centers, and other emergency-care needs could end up producing gains from synergies and other economies of scale. Envision saw some share-price weakness over the past year, so now would be a good time for a potential acquirer to jump in with a purchase bid.
Sarepta Therapeutics jumped 8% as investors celebrated the company's decision to tap the capital markets while its stock price is relatively high, in advance of a key FDA ruling. The company said it would make a secondary offering of roughly $37.5 million in stock, with pricing to be determined in the near future.
Sarepta said it would use any net proceeds from the sale primarily for commercial and product development, along with manufacturing or business development activities. Many stocks fall when a secondary offering is announced, but with the drugmaker waiting to see whether the FDA will approve its muscular dystrophy treatment eteplirsen, investors apparently like the idea that Sarepta is locking in a source of future working capital while the time is right.
Finally, ABM Industries rose 7%. The provider of janitorial, facilities engineering, and electrical and lighting services released its fiscal second-quarter report late Wednesday afternoon, and ABM's results included revenue gains of 7%, and just a mild drop in adjusted earnings per share from year-ago levels.
CEO Scott Salmirs noted his pleasure at completing the first phase of ABM's 2020 Vision long-range plan, with cost savings ahead of schedule, and a new organizational structure in place to support further progress during the next several years. Increased guidance also gave shareholders confidence that the company is on track for success in the long run.
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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 provider of janitorial, facilities engineering, and electrical and lighting services released its fiscal second-quarter report late Wednesday afternoon, and ABM's results included revenue gains of 7%, and just a mild drop in adjusted earnings per share from year-ago levels. CEO Scott Salmirs noted his pleasure at completing the first phase of ABM's 2020 Vision long-range plan, with cost savings ahead of schedule, and a new organizational structure in place to support further progress during the next several years. Image source: ABM Industries. | Nevertheless, some stocks still managed to gain ground, and Envision Healthcare Holdings (NYSE: EVHC) , Sarepta Therapeutics (NASDAQ: SRPT) , and ABM Industries (NYSE: ABM) were among the best performers on the day. Image source: ABM Industries. Finally, ABM Industries rose 7%. | Nevertheless, some stocks still managed to gain ground, and Envision Healthcare Holdings (NYSE: EVHC) , Sarepta Therapeutics (NASDAQ: SRPT) , and ABM Industries (NYSE: ABM) were among the best performers on the day. Image source: ABM Industries. Finally, ABM Industries rose 7%. | Nevertheless, some stocks still managed to gain ground, and Envision Healthcare Holdings (NYSE: EVHC) , Sarepta Therapeutics (NASDAQ: SRPT) , and ABM Industries (NYSE: ABM) were among the best performers on the day. Image source: ABM Industries. Finally, ABM Industries rose 7%. |
29563.0 | 2016-06-09 00:00:00 UTC | U.S. Stock Valuations Continue to Gain | ABM | https://www.nasdaq.com/articles/us-stock-valuations-continue-gain-2016-06-09 | nan | nan | U.S. market indexes were higher Wednesday as valuations continued to gain.
For the day the Dow Jones Industrial Average closed at 18,005.05 for a gain of 66.77 points or 0.37%. The Standard & Poor's 500 was also higher, closing at 2,119.12 for a gain of 6.99 points or 0.33%. The Nasdaq Composite also gained with a closing value of 4,974.64, up 12.89 points or 0.26%. The VIX Volatility Index was stable at 14.10 for a gain of 0.05 points or 0.36%.
Only a few economic indicators were reported on Wednesday, but most were positive. The Mortgage Bankers Association reported a weekly increase of 9.3% in mortgage applications as the outlook for the federal funds rate continues to remain below 1%. The Energy Information Administration reported a decrease of 3.2 million barrels in U.S. oil inventory, and oil prices were also higher for the day. The Quarterly Services Survey was also released showing an increase in information and technology services revenue of 1.3% from the previous quarter and 5.7% annually.
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Stocks trading actively for the day included Gevo ( GEVO ), Comtech Telecomunications ( CMTL ), Oil-Dri Corporation of America ( ODC ), Amazon ( AMZN ) and ABM Industries ( ABM ).
Amazon was a leading stock in active trading after the company announced a $3 billion investment in India.
The stock gained 2.90 points or 0.40% to $726.64.
In the Dow Jones Industrial Average, the following stocks led gains:
UnitedHealth Group (UNH) 2.53%.
Caterpillar (CAT) 1.69%.
Visa (V) 1.30%.
Pfizer (PFE) 1.18%.
Merck (MRK) 1.09%.
In technology, the Nasdaq Composite gained and the Nasdaq 100 was also higher closing at 4,520.63 for a gain of 7.54 points or 0.17%. Stocks leading gains in the Nasdaq 100 included the following:
Alphabet (GOOGL) 11.84%.
Cognizant Technology Solutions Corp. (CTSH) 0.89%.
Tesla Motors Inc. (TSLA) 3.18%.
In commodities, gold traded higher as evidenced by the SPDR Gold Trust which reported a gain of 1.76 points or 1.48%. Oil traded higher reaching $51 a barrel. The dollar was lower for the day as the U.S. Dollar Index was down 0.23 points or 0.25% to 93.62.
In a CNBC report Wednesday, market specialists discussed the current market environment and some of the stocks that have gained the most over the past 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. | GEVO 15-Year Financial Data The intrinsic value of GEVO Peter Lynch Chart of GEVO Stocks trading actively for the day included Gevo ( GEVO ), Comtech Telecomunications ( CMTL ), Oil-Dri Corporation of America ( ODC ), Amazon ( AMZN ) and ABM Industries ( ABM ). For the day the Dow Jones Industrial Average closed at 18,005.05 for a gain of 66.77 points or 0.37%. Amazon was a leading stock in active trading after the company announced a $3 billion investment in India. | GEVO 15-Year Financial Data The intrinsic value of GEVO Peter Lynch Chart of GEVO Stocks trading actively for the day included Gevo ( GEVO ), Comtech Telecomunications ( CMTL ), Oil-Dri Corporation of America ( ODC ), Amazon ( AMZN ) and ABM Industries ( ABM ). KWR 15-Year Financial Data The intrinsic value of KWR Peter Lynch Chart of KWR Warning! Read More: Free seven-day trial Note of portfolio 56968 Note of portfolio 56AAA79 About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. | GEVO 15-Year Financial Data The intrinsic value of GEVO Peter Lynch Chart of GEVO Stocks trading actively for the day included Gevo ( GEVO ), Comtech Telecomunications ( CMTL ), Oil-Dri Corporation of America ( ODC ), Amazon ( AMZN ) and ABM Industries ( ABM ). In technology, the Nasdaq Composite gained and the Nasdaq 100 was also higher closing at 4,520.63 for a gain of 7.54 points or 0.17%. Read More: Free seven-day trial Note of portfolio 56968 Note of portfolio 56AAA79 About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. | GEVO 15-Year Financial Data The intrinsic value of GEVO Peter Lynch Chart of GEVO Stocks trading actively for the day included Gevo ( GEVO ), Comtech Telecomunications ( CMTL ), Oil-Dri Corporation of America ( ODC ), Amazon ( AMZN ) and ABM Industries ( ABM ). U.S. market indexes were higher Wednesday as valuations continued to gain. The stock gained 2.90 points or 0.40% to $726.64. |
29564.0 | 2016-06-08 00:00:00 UTC | After-Hours Earnings Report for June 8, 2016 : ABM, FGP, RH, TLRD, CMTL, DTEA, FCEL, VISI, MIND, STRM | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-june-8-2016-abm-fgp-rh-tlrd-cmtl-dtea-fcel-visi-mind-strm-2016 | nan | nan | The following companies are expected to report earnings after hours on 06/08/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending April 30, 2016. The building maintenance & services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.28. This value represents a 24.32% decrease compared to the same quarter last year. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 21.81 vs. an industry ratio of 25.30.
Ferrellgas Partners, L.P. ( FGP ) is reporting for the quarter ending April 30, 2016. The oil refining company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.47. This value represents a 9.30% increase compared to the same quarter last year. Zacks Investment Research reports that the Price to Earnings ratio for FGP is 0.00 vs. an industry ratio of -48.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Restoration Hardware Holdings Inc. ( RH ) is reporting for the quarter ending April 30, 2016. The home furnishings company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.05. This value represents a 78.26% decrease compared to the same quarter last year. RH missed the consensus earnings per share in the 1st calendar quarter of 2016 by -28.78%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for RH is 13.35 vs. an industry ratio of 15.70.
Tailored Brands, Inc. ( TLRD ) is reporting for the quarter ending April 30, 2016. The textile company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.43. This value represents a 20.37% decrease compared to the same quarter last year. In the past year TLRD 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 TLRD is 8.79 vs. an industry ratio of 27.10.
Comtech Telecommunications Corp. ( CMTL ) is reporting for the quarter ending April 30, 2016. The wireless equipment company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-1.66. This value represents a 653.33% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for CMTL is -19.12 vs. an industry ratio of 21.00.
DAVIDsTEA Inc. ( DTEA ) is reporting for the quarter ending April 30, 2016. The beverages company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.04. This value represents a 128.57% increase compared to the same quarter last year. DTEA missed the consensus earnings per share in the 4th calendar quarter of 2015 by -33.33%. The "days to cover" for this stock exceeds 18 days. Zacks Investment Research reports that the 2017 Price to Earnings ratio for DTEA is 28.71 vs. an industry ratio of 19.90, implying that they will have a higher earnings growth than their competitors in the same industry.
FuelCell Energy, Inc. ( FCEL ) is reporting for the quarter ending April 30, 2016. The alternative energy company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.40. This value represents a 16.67% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for FCEL is -5.69 vs. an industry ratio of 18.60.
Volt Information Sciences, Inc. ( VISI ) is reporting for the quarter ending April 30, 2016. The consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.03. VISI reported earnings of $0.09 per share for the same quarter a year ago; representing a a decrease of -133.33%.
Mitcham Industries, Inc. ( MIND ) is reporting for the quarter ending April 30, 2016. The oil field machinery & equipment company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.34. This value represents a 1600.00% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 18 days. Zacks Investment Research reports that the 2017 Price to Earnings ratio for MIND is -3.26 vs. an industry ratio of -38.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Streamline Health Solutions, Inc. ( STRM ) is reporting for the quarter ending April 30, 2016. The medical information systems company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.09. This value represents a 25.00% increase compared to the same quarter last year. STRM missed the consensus earnings per share in the 1st calendar quarter of 2016 by -28.57%. The days to cover, as reported in the 5/13/2016 short interest update, increased 383.92% from previous report on 4/29/2016. Zacks Investment Research reports that the 2017 Price to Earnings ratio for STRM is -3.18 vs. an industry ratio of 24.30.
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, 2016. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 21.81 vs. an industry ratio of 25.30. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending April 30, 2016. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 21.81 vs. an industry ratio of 25.30. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending April 30, 2016. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 21.81 vs. an industry ratio of 25.30. | ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending April 30, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 21.81 vs. an industry ratio of 25.30. |
29565.0 | 2016-05-31 00:00:00 UTC | ABM Industries Hits 52-Week High on Strategic Initiatives | ABM | https://www.nasdaq.com/articles/abm-industries-hits-52-week-high-on-strategic-initiatives-2016-05-31 | nan | nan | Shares of the leading facility solutions provider ABM Industries IncorporatedABM scaled a new 52-week high of $34.13 during Friday's trading session, before closing a notch lower at $34.02. The undeterred rise in the shares of ABM has continued since January this year, with the company touching newer heights.
Despite its strong price appreciation, this Zacks Rank #3 (Hold) stock still has the wherewithal to further drive its price upward. The stock is currently trading at a forward P/E of 21.7x and has long-term earnings growth expectation of 8%.
Growth Drivers
ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. The plan has three primary phases, the first of which is aimed at increasing 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. These systematic and strategic plan of actions will likely help ABM to fuel its growth momentum.
Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into 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.
Moving forward, ABM's strategy entails geographic expansion through strategic acquisitions and organic growth through diligent execution of operations while maintaining desirable profit margins. The company has a healthy pipeline of future businesses with strength particularly seen in its government business. The company expects to improve its profitability in the coming quarters with seamless integration of acquired businesses and newer contracts.
ABM was recently selected as the cleaning services partner for Nationals Park, which is home of Major League Baseball's Washington Nationals. Under the multi-year agreement, ABM will be responsible for providing day-to-day janitorial services. Lucrative contracts like this not only ensure a steady revenue stream for the company, but also boost investor confidence to catapult the share price to newer 52-week highs.
Other Stocks to Consider
Other stocks that look promising in the industry include Exponent Inc. EXPO , CBIZ, Inc. CBZ and CEB Inc. CEB , each carrying a Zacks Rank #2 (Buy).
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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. | Moving forward, ABM's strategy entails geographic expansion through strategic acquisitions and organic growth through diligent execution of operations while maintaining desirable profit margins. Shares of the leading facility solutions provider ABM Industries IncorporatedABM scaled a new 52-week high of $34.13 during Friday's trading session, before closing a notch lower at $34.02. The undeterred rise in the shares of ABM has continued since January this year, with the company touching newer heights. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report EXPONENT INC (EXPO): Free Stock Analysis Report CEB INC (CEB): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of the leading facility solutions provider ABM Industries IncorporatedABM scaled a new 52-week high of $34.13 during Friday's trading session, before closing a notch lower at $34.02. The undeterred rise in the shares of ABM has continued since January this year, with the company touching newer heights. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report EXPONENT INC (EXPO): Free Stock Analysis Report CEB INC (CEB): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of the leading facility solutions provider ABM Industries IncorporatedABM scaled a new 52-week high of $34.13 during Friday's trading session, before closing a notch lower at $34.02. The undeterred rise in the shares of ABM has continued since January this year, with the company touching newer heights. | Shares of the leading facility solutions provider ABM Industries IncorporatedABM scaled a new 52-week high of $34.13 during Friday's trading session, before closing a notch lower at $34.02. The undeterred rise in the shares of ABM has continued since January this year, with the company touching newer heights. Growth Drivers ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. |
29566.0 | 2016-05-30 00:00:00 UTC | ABM Remains Poised for Healthy Growth on Vision 2020 Plan | ABM | https://www.nasdaq.com/articles/abm-remains-poised-for-healthy-growth-on-vision-2020-plan-2016-05-30 | nan | nan | On May 30, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM .
ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. The plan has three primary phases, the first of which is aimed at increasing 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. These systematic and strategic plan of actions will likely help ABM to fuel its growth momentum.
Over the years, ABM has developed a platform to deliver an end-to-end service model to its clients by realigning its operational structure into 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.
However, given the low cost of entry into the facility services business, ABM faces intense competition from local and national players. The company also faces indirect competition from building owners or tenants, who perform one or more of these services internally in order to cut costs, especially in the areas where external services are subject to sales tax. These strong competitive pressures 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 inherent growth potential of this Zacks Rank #3 (Hold) stock. Some better-ranked stocks in the industry include Exponent Inc. EXPO , CBIZ, Inc. CBZ and CEB Inc. CEB , each carrying a Zacks Rank #2 (Buy).
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ABM INDUSTRIES (ABM): Free Stock Analysis Report
EXPONENT INC (EXPO): Free Stock Analysis Report
CEB INC (CEB): Free Stock Analysis Report
CBIZ INC (CBZ): 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. | On May 30, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. These systematic and strategic plan of actions will likely help ABM to fuel its growth momentum. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report EXPONENT INC (EXPO): Free Stock Analysis Report CEB INC (CEB): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. On May 30, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report EXPONENT INC (EXPO): Free Stock Analysis Report CEB INC (CEB): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. On May 30, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. | However, given the low cost of entry into the facility services business, ABM faces intense competition from local and national players. On May 30, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . ABM has embarked on a Vision 2020 Plan that outlines its vision for the next five years. |
29567.0 | 2016-05-11 00:00:00 UTC | ABM Industries (ABM) Passes Through 2% Yield Mark | ABM | https://www.nasdaq.com/articles/abm-industries-abm-passes-through-2-yield-mark-2016-05-11 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , in trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.66), with the stock changing hands as low as $32.78 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF ( IWV ) back on 5/31/2000 - you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
ABM makes up 3.87% of the Environmental Services ETF (Symbol: EVX)
Click here to find out which 9 other dividend stocks just recently went on sale »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel , in trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.66), with the stock changing hands as low as $32.78 on the day. ABM makes up 3.87% of the Environmental Services ETF (Symbol: EVX) Click here to find out which 9 other dividend stocks just recently went on sale » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. | Looking at the universe of stocks we cover at Dividend Channel , in trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.66), with the stock changing hands as low as $32.78 on the day. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield. | Looking at the universe of stocks we cover at Dividend Channel , in trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.66), with the stock changing hands as low as $32.78 on the day. ABM makes up 3.87% of the Environmental Services ETF (Symbol: EVX) Click here to find out which 9 other dividend stocks just recently went on sale » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. | Looking at the universe of stocks we cover at Dividend Channel , in trading on Wednesday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.66), with the stock changing hands as low as $32.78 on the day. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield. |
29568.0 | 2016-04-01 00:00:00 UTC | Cash Dividend On The Way From ABM Industries (ABM) | ABM | https://www.nasdaq.com/articles/cash-dividend-way-abm-industries-abm-2016-04-01 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 4/5/16, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.165, payable on 5/2/16. As a percentage of ABM's recent stock price of $32.20, this dividend works out to approximately 0.51%, so look for shares of ABM Industries, Inc. to trade 0.51% lower - all else being equal - when ABM shares open for trading on 4/5/16.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABM is likely to continue, and whether the current estimated yield of 2.05% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ABM shares, versus its 200 day moving average:
Looking at the chart above, ABM's low point in its 52 week range is $26.50 per share, with $34.00 as the 52 week high point - that compares with a last trade of $32.16.
According to the ETF Finder at ETF Channel, ABM makes up 3.91% of the Environmental Services ETF (Symbol: EVX) which is trading relatively unchanged on the day Friday.
In Friday trading, ABM Industries, Inc. shares are currently down about 0.3% 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. | In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABM is likely to continue, and whether the current estimated yield of 2.05% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $26.50 per share, with $34.00 as the 52 week high point - that compares with a last trade of $32.16. In Friday trading, ABM Industries, Inc. shares are currently down about 0.3% on the day. | Looking at the universe of stocks we cover at Dividend Channel , on 4/5/16, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.165, payable on 5/2/16. In Friday trading, ABM Industries, Inc. shares are currently down about 0.3% on the day. As a percentage of ABM's recent stock price of $32.20, this dividend works out to approximately 0.51%, so look for shares of ABM Industries, Inc. to trade 0.51% lower - all else being equal - when ABM shares open for trading on 4/5/16. | Looking at the universe of stocks we cover at Dividend Channel , on 4/5/16, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.165, payable on 5/2/16. As a percentage of ABM's recent stock price of $32.20, this dividend works out to approximately 0.51%, so look for shares of ABM Industries, Inc. to trade 0.51% lower - all else being equal - when ABM shares open for trading on 4/5/16. 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 $26.50 per share, with $34.00 as the 52 week high point - that compares with a last trade of $32.16. | Looking at the universe of stocks we cover at Dividend Channel , on 4/5/16, ABM Industries, Inc. (Symbol: ABM) will trade ex-dividend, for its quarterly dividend of $0.165, payable on 5/2/16. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABM is likely to continue, and whether the current estimated yield of 2.05% on annualized basis is a reasonable expectation of annual yield going forward. In Friday trading, ABM Industries, Inc. shares are currently down about 0.3% on the day. |
29569.0 | 2016-03-29 00:00:00 UTC | 3 Reasons Value Stock Investors Will Love ABM Industries (ABM) | ABM | https://www.nasdaq.com/articles/3-reasons-value-stock-investors-will-love-abm-industries-abm-2016-03-29 | nan | nan | Many investors like to look for value in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term.
This method discovered several great candidates for value-oriented investors, but today let's focus on ABM Industries IncorporatedABM as this stock is looking especially impressive right now. And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for ABM's status as a solid value stock below:
Price to Forward Sales for ABM Industries
One of the most underrated ratios for value investors is the price/forward sales metric. This ratio shows investors how much they are paying for each dollar of revenues generated. In other words, a lower number is better here while a price to sales ratio of 1 means that you are paying one dollar for each dollar in sales.
With a P/S ratio of 0.34, ABM investors are paying 34 cents in stock price for each dollar of revenue generated by the company. Compare this to the industry average of 1.41, and it is safe to say that ABM is undervalued compared to many of its peers on this important metric.
Price/Cash Flow for ABM Industries Stock
An often overlooked ratio that can still be a great indicator of value is the price/cash flow metric. This reading is preferred by some since it avoids amortization and depreciation concerns and can give a more accurate picture of the financial health in a business.
The P/CF ratio for ABM comes in at 11.8, and since investors are generally looking for a reading under 20 here, this is pretty good news. Meanwhile, we should also point out that the industry average for this metric is 13.1, so ABM Industries has its peers beat in this regard too.
ABM Earnings Estimate Revisions Moving in the Right Direction
The solid value ratios outlined in the preceding paragraphs might be enough for some investors, but we should also note that the earnings estimate revisions have been trending in a positive direction as well. Analysts who follow ABM stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for ABM Industries now.
Over the past 60 days 2 earnings estimates have gone higher compared to 1 lower for the full year, while we are also seeing a ratio of 2:1 in terms up:down revisions for the next year time frame too. These revisions have helped to boost the consensus estimate as 60 days ago ABM was expected to post earnings of $1.46 per share for the full year though today it looks to have EPS of $1.57 for the full year.
Bottom Line
For the reasons detailed above, investors shouldn't be surprised to read that we have ABM as a stock with a Value Score of 'B' and a Zacks Rank #2 (Buy). So if you are a value investor, definitely keep ABM on your short list as this looks be a stock that is very well-positioned for gains in the near term.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This method discovered several great candidates for value-oriented investors, but today let's focus on ABM Industries IncorporatedABM as this stock is looking especially impressive right now. Bottom Line For the reasons detailed above, investors shouldn't be surprised to read that we have ABM as a stock with a Value Score of 'B' and a Zacks Rank #2 (Buy). And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for ABM's status as a solid value stock below: Price to Forward Sales for ABM Industries One of the most underrated ratios for value investors is the price/forward sales metric. | With a P/S ratio of 0.34, ABM investors are paying 34 cents in stock price for each dollar of revenue generated by the company. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. This method discovered several great candidates for value-oriented investors, but today let's focus on ABM Industries IncorporatedABM as this stock is looking especially impressive right now. | And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for ABM's status as a solid value stock below: Price to Forward Sales for ABM Industries One of the most underrated ratios for value investors is the price/forward sales metric. Analysts who follow ABM stock have been raising their estimates for the company lately, meaning that the EPS picture is looking a bit more favorably for ABM Industries now. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. | With a P/S ratio of 0.34, ABM investors are paying 34 cents in stock price for each dollar of revenue generated by the company. These revisions have helped to boost the consensus estimate as 60 days ago ABM was expected to post earnings of $1.46 per share for the full year though today it looks to have EPS of $1.57 for the full year. This method discovered several great candidates for value-oriented investors, but today let's focus on ABM Industries IncorporatedABM as this stock is looking especially impressive right now. |
29570.0 | 2016-03-21 00:00:00 UTC | ABB Installs Smart Building Solutions in Microsoft Office | ABM | https://www.nasdaq.com/articles/abb-installs-smart-building-solutions-in-microsoft-office-2016-03-21 | nan | nan | A leading provider of diversified machinery, ABB Ltd.ABB , recently announced that it has provided its KNX building automation solutions for the new Microsoft Corporation MSFT office situated in Copenhagen, Denmark. The building automation solutions provided by ABB include daylight harvesting, energy efficiency augmentation and sophisticated control functions for increased comfort.
These features will convert Microsoft's new building into a smart building. The KNX building control system from ABB, which has been used in several thousand installations around the world, utilizes the Internet of Things Services and People (IoTSP) to adjust control functions in sequence with the natural rhythm of the day
The smart design of the building, which comprises a glass outlook and glass ceiling, facilitates the daylight harvesting system. Sensors measure the amount of sunlight as well as its presence in the building to allow the systems regulate the lighting and shutter control. Using ABB's advanced sensor technology, Microsoft can save up to 20-60% of lighting energy consumption.
This enhanced technology sets it apart from its peers. Keeping pace with growing customer demand to save energy, the company can expect to see a boost in its revenues.
ABB is streamlining its business in order to improve its services and boost organic growth while minimizing risks and augmenting competitiveness. Per its 'Next Level Strategy' for the period 2015-2020, the company is focused on three major areas, namely, profitable growth, relentless execution and business-led collaboration - which are expected to lay the foundation for future growth. Over the period 2015-2020, ABB looks to boost operational earnings per share by 10-15% CAGR and deliver attractive returns on investments.
Headquartered in Zurich, Switzerland, ABB is a leading power and automation technology firm, offering a wide range of products systems, solutions and services that are designed to boost industrial productivity, power-grid reliability as well as energy efficiency.
ABB carries a Zacks Rank #4 (Sell). A couple of better-ranked stocks include ABM Industries Incorporated ABM and CACI International Inc. CACI . Both stocks carry a Zacks Rank #2 (Buy).
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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 couple of better-ranked stocks include ABM Industries Incorporated ABM and CACI International Inc. CACI . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report CACI INTL A (CACI): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report ABB LTD-ADR (ABB): Free Stock Analysis Report To read this article on Zacks.com click here. The building automation solutions provided by ABB include daylight harvesting, energy efficiency augmentation and sophisticated control functions for increased comfort. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report CACI INTL A (CACI): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report ABB LTD-ADR (ABB): Free Stock Analysis Report To read this article on Zacks.com click here. A couple of better-ranked stocks include ABM Industries Incorporated ABM and CACI International Inc. CACI . The building automation solutions provided by ABB include daylight harvesting, energy efficiency augmentation and sophisticated control functions for increased comfort. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report CACI INTL A (CACI): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report ABB LTD-ADR (ABB): Free Stock Analysis Report To read this article on Zacks.com click here. A couple of better-ranked stocks include ABM Industries Incorporated ABM and CACI International Inc. CACI . The KNX building control system from ABB, which has been used in several thousand installations around the world, utilizes the Internet of Things Services and People (IoTSP) to adjust control functions in sequence with the natural rhythm of the day The smart design of the building, which comprises a glass outlook and glass ceiling, facilitates the daylight harvesting system. | A couple of better-ranked stocks include ABM Industries Incorporated ABM and CACI International Inc. CACI . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report CACI INTL A (CACI): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report ABB LTD-ADR (ABB): Free Stock Analysis Report To read this article on Zacks.com click here. Using ABB's advanced sensor technology, Microsoft can save up to 20-60% of lighting energy consumption. |
29571.0 | 2016-03-09 00:00:00 UTC | ABM Comfortably Beats on Q1 Earnings, Ups Fiscal Guidance | ABM | https://www.nasdaq.com/articles/abm-comfortably-beats-on-q1-earnings-ups-fiscal-guidance-2016-03-09 | nan | nan | Business services provider ABM Industries IncorporatedABM started fiscal 2016 on a strong note, recording relatively healthy first-quarter results. The company reported first-quarter fiscal 2016 adjusted earnings (from continuing operations) of 38 cents per share, comfortably beating the Zacks Consensus Estimate by 12 cents and rising 18.8% year over year on the back of solid revenue growth.
ABM's net income, on a GAAP basis, was $14 million or 24 cents per share compared with $17.7 million or 31 cents per share in the year-earlier quarter. The year-over-year decrease in earnings, despite modest top-line improvement, was primarily due to higher operating expenses.
Inside the Headlines
Revenues for the reported quarter increased 6.2% year over year to $1,268.4 million and exceeded the Zacks Consensus Estimate of $1,256 million, largely driven by higher work order (tag) sales and a solid ABES (Technical Services) business. Organic growth improved 3.7% year over year, while inorganic growth added $29.3 million of incremental revenues during the quarter, primarily related to the ABES business.
Operating profit for the reported quarter declined to $13.6 million from $16.8 million in the year-ago period owing to higher insurance-related expenses. Adjusted EBITDA increased 12.9% year over year to $43.7 million from $38.7 million in the first quarter of fiscal 2015 for respective margins of 3.4% and 3.2%.
Segment Performance
Revenues from the Janitorial segment increased 3% year over year to $685.7 million, driven by strong Work Order revenues. However, segment operating profit for the reported quarter declined 2% year over year to $33.7 million.
Facility Services' segment revenues were up 1.5% year over year to $158.5 million, while operating profit declined 13.6% to $5.1 million owing to a challenging macroeconomic environment.
Revenues from the Parking segment improved 4% year over year to $162.0 million, while operating profit from the segment was down 23.1% to $5.0 million.
Building & Energy Solutions' revenues increased 25.5% to $149.8 million, while that from Other segment improved 15.6% year over year to $112.4 million.
Business Restructuring Update
During the quarter, ABM announced the acquisition of Westway Services Holdings Ltd. - a provider of technical engineering services in the U.K. - to augment its presence in the region. Based in South Ruislip, West London, Westway offers specialized services such as heating, ventilation, air conditioning, refrigeration, electrical installations, building management systems, planned preventative maintenance and reactive maintenance services.
The acquisition is a strategic fit for ABM and opens up cross-selling opportunities for its existing customers in the U.K. ABM serves over 370 clients throughout the U.K., including over 200 commercial office locations, approximately 50 centers and retail parks, 15 airports and about 1 million square feet of public and entertainment venue space.
The transaction is also in sync with the Vision 2020 plan of ABM that outlines its prospects for the next five years. The plan hinges on three primary phases, the first of which is aimed at increasing 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 cost savings by way of 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 focus on additional cost savings.
Financial Position
Cash and cash equivalents at quarter end were $55.9 million. Net cash used in operating activities during the quarter was $31.4 million, compared with $32.4 million of cash utilization in the prior-year period. ABM ended the quarter with total debt of $415.5 million.
During the quarter, the company repurchased approximately 0.4 million shares for $11.3 million. As of Jan 31, 2016, ABM had shares worth $177.3 million remaining for repurchase under its $200 million share buyback program.
Updated Guidance
With relatively decent quarterly results and Work Opportunity Tax Credit adjustments, ABM updated its fiscal guidance. For fiscal 2016, ABM currently expects adjusted income from continuing operations in the range of $1.50-$1.60, up from $1.30-$1.40 expected earlier.
Going Forward
ABM announced a comprehensive strategic and transformation initiative 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). Some better-ranked stocks include Rollins Inc. ROL , ServiceMaster Global Holdings, Inc. SERV and The Hackett Group, Inc. HCKT , each carrying a Zacks Rank #2 (Buy).
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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 announced a comprehensive strategic and transformation initiative 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 started fiscal 2016 on a strong note, recording relatively healthy first-quarter results. ABM's net income, on a GAAP basis, was $14 million or 24 cents per share compared with $17.7 million or 31 cents per share in the year-earlier quarter. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report HACKETT GROUP (HCKT): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries IncorporatedABM started fiscal 2016 on a strong note, recording relatively healthy first-quarter results. ABM's net income, on a GAAP basis, was $14 million or 24 cents per share compared with $17.7 million or 31 cents per share in the year-earlier quarter. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report HACKETT GROUP (HCKT): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries IncorporatedABM started fiscal 2016 on a strong note, recording relatively healthy first-quarter results. ABM's net income, on a GAAP basis, was $14 million or 24 cents per share compared with $17.7 million or 31 cents per share in the year-earlier quarter. | Business Restructuring Update During the quarter, ABM announced the acquisition of Westway Services Holdings Ltd. - a provider of technical engineering services in the U.K. - to augment its presence in the region. Business services provider ABM Industries IncorporatedABM started fiscal 2016 on a strong note, recording relatively healthy first-quarter results. ABM's net income, on a GAAP basis, was $14 million or 24 cents per share compared with $17.7 million or 31 cents per share in the year-earlier quarter. |
29572.0 | 2016-03-08 00:00:00 UTC | After-Hours Earnings Report for March 8, 2016 : ABM, NCS, ATSG, ATTO, AVAV, CERS, BRSS, REGI, SEMI, BPI, ZAGG, VTL | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-march-8-2016-abm-ncs-atsg-atto-avav-cers-brss-regi-semi-bpi | nan | nan | The following companies are expected to report earnings after hours on 03/08/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2016. The building maintenance & services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.26. This value represents a 31.58% decrease compared to the same quarter last year. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 21.25 vs. an industry ratio of 22.60.
NCI Building Systems, Inc. ( NCS ) is reporting for the quarter ending January 31, 2016. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.02. This value represents a 33.33% decrease compared to the same quarter last year. NCS missed the consensus earnings per share in the 2nd calendar quarter of 2015 by -100%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for NCS is 20.48 vs. an industry ratio of 46.10.
Air Transport Services Group, Inc ( ATSG ) is reporting for the quarter ending December 31, 2015. The transportation company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.21. This value represents a 23.53% increase compared to the same quarter last year. ATSG missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -9.09%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ATSG is 19.51 vs. an industry ratio of -24.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Atento S.A. ( ATTO ) is reporting for the quarter ending December 31, 2015. The outsourcing company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.32. This value represents a 25.58% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ATTO is 8.55 vs. an industry ratio of 21.30.
AeroVironment, Inc. ( AVAV ) is reporting for the quarter ending January 31, 2016. The aerospace and defense company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.05. This value represents a 50.00% decrease compared to the same quarter last year. AVAV missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -33.33%. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AVAV is 148.11 vs. an industry ratio of 14.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Cerus Corporation ( CERS ) is reporting for the quarter ending December 31, 2015. The medical products company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.16. This value represents a 36.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CERS is -8.80 vs. an industry ratio of 4.10.
Global Brass and Copper Holdings, Inc. ( BRSS ) is reporting for the quarter ending December 31, 2015. The metal processing & fabrication company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.26. This value represents a 3.70% decrease compared to the same quarter last year. BRSS missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -3.85%. Zacks Investment Research reports that the Price to Earnings ratio for BRSS is 0.00 vs. an industry ratio of 7.80.
Renewable Energy Group, Inc. ( REGI ) is reporting for the quarter ending December 31, 2015. The biofuels company's consensus earnings per share forecast from the 2 analysts that follow the stock is $1.51. This value represents a 504.00% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 12 days.The days to cover, as reported in the 2/12/2016 short interest update, increased 221.71% from previous report on 1/29/2016. Zacks Investment Research reports that the 2015 Price to Earnings ratio for REGI is 36.43 vs. an industry ratio of 7.90, implying that they will have a higher earnings growth than their competitors in the same industry.
SunEdison Semiconductor Limited ( SEMI ) is reporting for the quarter ending December 31, 2015. The capital goods company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.38. This value represents a 533.33% decrease compared to the same quarter last year. The last two quarters SEMI had negative earnings surprises; the latest report they missed by -21.05%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for SEMI is -2.66 vs. an industry ratio of 15.50.
Bridgepoint Education, Inc. ( BPI ) is reporting for the quarter ending December 31, 2015. The education (school) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.04. This value represents a 157.14% decrease compared to the same quarter last year. In the past year BPI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 85.71%. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for BPI is 27.56 vs. an industry ratio of 16.40, implying that they will have a higher earnings growth than their competitors in the same industry.
ZAGG Inc ( ZAGG ) is reporting for the quarter ending December 31, 2015. The electrical instrument company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.24. This value represents a 50.00% decrease compared to the same quarter last year. In the past year ZAGG has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 18.18%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ZAGG is 17.67 vs. an industry ratio of 15.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Vital Therapies, Inc. ( VTL ) is reporting for the quarter ending December 31, 2015. The biomedical (gene) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.41. This value represents a 30.51% increase compared to the same quarter last year. VTL missed the consensus earnings per share in the 1st calendar quarter of 2015 by -3.33%. The "days to cover" for this stock exceeds 22 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for VTL is -4.30 vs. an industry ratio of -23.10, 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, 2016. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 21.25 vs. an industry ratio of 22.60. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2016. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 21.25 vs. an industry ratio of 22.60. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2016. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 21.25 vs. an industry ratio of 22.60. | ABM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -4.08%. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABM is 21.25 vs. an industry ratio of 22.60. |
29573.0 | 2016-02-19 00:00:00 UTC | ABM Industries Shows Promise with Focused Growth Impetus | ABM | https://www.nasdaq.com/articles/abm-industries-shows-promise-focused-growth-impetus-2016-02-19 | nan | nan | On Feb Array9, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM .
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.
In December 20Array5, ABM announced the acquisition of Westway Services Holdings Ltd., a provider of technical engineering services in the U.K., to augment its presence in the region. Based in South Ruislip, West London, Westway offers specialized services such as heating, ventilation, air conditioning, refrigeration, electrical installations, building management systems, planned preventative maintenance and reactive maintenance services.
The acquisition is a strategic fit for ABM and opens up cross-selling opportunities for its existing customers in the U.K. ABM serves over 370 clients throughout the U.K., including over 200 commercial office locations, approximately 50 centers and retail parks, Array5 airports and approximately Array million square feet of public and entertainment venue space. On the other hand, by forming an integral part of ABM, Westway employees will gain an opportunity to pursue professional development and expand their personal skills.
The transaction also aligns with the Vision 2020 plan of ABM that outlines its long-term vision for the next five years. The vision hinges on three primary phases, the first of which is aimed at increasing 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 currently holds a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look in the industry include ServiceMaster Global Holdings, Inc. SERV , Rollins Inc. ROL and Exponent Inc. EXPO , each carrying a Zacks Rank #2 (Buy).
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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 Feb Array9, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . 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. In December 20Array5, ABM announced the acquisition of Westway Services Holdings Ltd., a provider of technical engineering services in the U.K., to augment its presence in the region. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report EXPONENT INC (EXPO): Free Stock Analysis Report To read this article on Zacks.com click here. On Feb Array9, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . 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 Feb Array9, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . The acquisition is a strategic fit for ABM and opens up cross-selling opportunities for its existing customers in the U.K. ABM serves over 370 clients throughout the U.K., including over 200 commercial office locations, approximately 50 centers and retail parks, Array5 airports and approximately Array million square feet of public and entertainment venue space. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report EXPONENT INC (EXPO): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report EXPONENT INC (EXPO): Free Stock Analysis Report To read this article on Zacks.com click here. On Feb Array9, Zacks Investment Research updated the research report on leading provider of facility solutions, ABM Industries Inc.ABM . 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. |
29574.0 | 2016-02-16 00:00:00 UTC | Can Waste Management (WM) Surprise Even on Q4 Earnings? | ABM | https://www.nasdaq.com/articles/can-waste-management-wm-surprise-even-on-q4-earnings-2016-02-16 | nan | nan | Waste Management, Inc.WM is scheduled to report fourth-quarter 2015 results before the opening bell on Feb 18. Waste Management has a solid earnings history, beating the earnings estimate thrice in the trailing four quarters for a positive average earnings surprise of 4.74%. Let's see how things are shaping up for this announcement.
Key Factors to Consider
Waste Management's successful cost reduction initiatives have helped it in accomplishing remarkable gross margin expansion and EBITDA growth. The company is undertaking several steps to further boost its margins - one of which is by charging for recycling glass. Glass packaging is the third-largest market in the recycled material packaging segment, and is expected to grow at a steady pace in the impending quarters. With its new strategy, Waste Management stands to gain on two fronts - from the growth in the addressable market and also from the additional revenues arising from recycling glass.
The company has a dominant market capitalization and a steady annual dividend policy. Waste Management plans to return significant cash to shareholders through healthy dividends and share repurchases in the future quarters as well. In addition, the company has taken prudent steps to divest non-core operations and focus on high-growth areas that will generate higher cash flows and boost the top line.
However, the company is expected to face commodity price headwinds, which will likely have a negative year-over-year impact on earnings. The recycling line of business is expected to witness a negative headwind in the range of 7 cents - 10 cents per share in 2015.
Furthermore, Waste Management expects volumes to be down due to lower national counts as it strives for improved margin growth and pricing. The pricing environment also remains challenging and highly competitive due to aggressive bidding by smaller competitors. This is likely to strain the bottom line of the company in the soon-to-be-reported quarter.
Earnings Whispers
Our proven model does not conclusively show that Waste Management is likely to beat earnings this quarter as it lacks the key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is currently at 0.00%.
Zacks Rank: Waste Management's Zacks Rank #4 (Sell) when combined with 0.00% ESP makes an earnings beat prediction uncertain. The Sell-rated stocks (#4 and #5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
American Capital, Ltd. ACAS , earnings ESP of +12.50% and a Zacks Rank #2.
ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3.
Avianca Holdings S.A. AVH , earnings ESP of +45.24% and a Zacks Rank #3.
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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 , earnings ESP of +38.46% and a Zacks Rank #3. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report WASTE MGMT-NEW (WM): Free Stock Analysis Report AVIANCA HOLDNGS (AVH): Free Stock Analysis Report To read this article on Zacks.com click here. Key Factors to Consider Waste Management's successful cost reduction initiatives have helped it in accomplishing remarkable gross margin expansion and EBITDA growth. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report WASTE MGMT-NEW (WM): Free Stock Analysis Report AVIANCA HOLDNGS (AVH): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3. Zacks Rank: Waste Management's Zacks Rank #4 (Sell) when combined with 0.00% ESP makes an earnings beat prediction uncertain. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report WASTE MGMT-NEW (WM): Free Stock Analysis Report AVIANCA HOLDNGS (AVH): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3. Zacks Rank: Waste Management's Zacks Rank #4 (Sell) when combined with 0.00% ESP makes an earnings beat prediction uncertain. | ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report WASTE MGMT-NEW (WM): Free Stock Analysis Report AVIANCA HOLDNGS (AVH): Free Stock Analysis Report To read this article on Zacks.com click here. Furthermore, Waste Management expects volumes to be down due to lower national counts as it strives for improved margin growth and pricing. |
29575.0 | 2016-02-10 00:00:00 UTC | Republic Services (RSG) Q4 Earnings: What's in Store? | ABM | https://www.nasdaq.com/articles/republic-services-rsg-q4-earnings%3A-whats-in-store-2016-02-10 | nan | nan | Premier waste management firm Republic Services, Inc . RSG is scheduled to report its fourth-quarter 2015 results after the closing bell on Feb 11. In the last reported quarter, quarterly earnings were in line with the Zacks Consensus Estimate. Let's see how things are shaping up for this announcement.
Factors to Consider
Republic Services is rationalizing its cost structure, improving the revenue quality and seeking growth through profitable investment opportunities. The company is increasing its operational efficiency by switching over to compressed natural gas collection vehicles and swapping rear-loading trucks with automated-side loaders, which will reduce costs and improve profitability.
RSG recently expanded its compressed natural gas (CNG) fleet in Gardena, CA area by adding 11 solid waste collection trucks. The natural gas vehicles replaced diesel-powered trucks in the region to bring the tally of cleaner and environment-friendly vehicles in Gardena to 176.
Republic Services is committed to its long-term strategy, which involves the maintenance of a healthy cash flow and a disciplined approach to cash utilization. The company has strong underlying fundamentals and is set to achieve consistent earnings growth and create shareholder value.
However, Republic Services' recycling operations process certain recyclable materials for sale, including fibers, aluminum and glass, all of which are subject to significant market price fluctuations.
Earnings Whispers
Our proven model does not conclusively show that Republic Services is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) and #3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP : Earnings ESP for Republic Services is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 49 cents.
Zacks Rank : Republic Services currently carries a Zacks Rank #4, which when combined with a 0.00% ESP make surprise prediction difficult.
Note that stocks with a Zacks Rank #1, 2 and 3 have a significantly higher chance of beating earnings. The Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions momentum.
Stocks That Warrant a Look
Here are some companies you may want to consider as our model shows they have the right combination of elements to post an earnings beat in the imminent future.
ABM Industries Incorporated. ABM has an Earnings ESP of +38.46% and carries a Zacks Rank #3
Frontline Ltd. FRO has an Earnings ESP of +34.69% and holds a Zacks Rank #2.
Gener8 Maritime Inc. GNRT has an Earnings ESP of +1.52% and holds a Zacks Rank #1.
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REPUBLIC SVCS (RSG): 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. | ABM Industries Incorporated. ABM has an Earnings ESP of +38.46% and carries a Zacks Rank #3 Frontline Ltd. FRO has an Earnings ESP of +34.69% and holds a Zacks Rank #2. Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report REPUBLIC SVCS (RSG): Free Stock Analysis Report GENER8 MARITIME (GNRT): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM has an Earnings ESP of +38.46% and carries a Zacks Rank #3 Frontline Ltd. FRO has an Earnings ESP of +34.69% and holds a Zacks Rank #2. Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report REPUBLIC SVCS (RSG): Free Stock Analysis Report GENER8 MARITIME (GNRT): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated. | ABM has an Earnings ESP of +38.46% and carries a Zacks Rank #3 Frontline Ltd. FRO has an Earnings ESP of +34.69% and holds a Zacks Rank #2. Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report REPUBLIC SVCS (RSG): Free Stock Analysis Report GENER8 MARITIME (GNRT): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated. | Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report REPUBLIC SVCS (RSG): Free Stock Analysis Report GENER8 MARITIME (GNRT): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated. ABM has an Earnings ESP of +38.46% and carries a Zacks Rank #3 Frontline Ltd. FRO has an Earnings ESP of +34.69% and holds a Zacks Rank #2. |
29576.0 | 2016-02-08 00:00:00 UTC | Can Omnicom (OMC) Keep the Earnings Streak Alive in Q4? | ABM | https://www.nasdaq.com/articles/can-omnicom-omc-keep-the-earnings-streak-alive-in-q4-2016-02-08 | nan | nan | Advertising services provider Omnicom Group Inc.OMC is scheduled to report fourth-quarter 2015 results before the opening bell on Feb 9.
Omnicom's earnings track record has been remarkable over the past few quarters, consistently beating earnings estimates in the trailing four quarters. In the last reported quarter, it registered a positive earnings surprise of 2.11%, and boasts an average earnings surprise of 2.24% over the last four quarters.
Key Factors in the Past Quarter
Omnicom faces the risk of strengthening U.S. dollar, which is likely to adversely impact its financial results by affecting its revenues. As the company establishes its operations internationally, it exposes itself considerably to risks from foreign exchange barriers and uncertainty from monetary devaluation. Macroeconomic slowdown and geopolitical issues also remain concerns as they have a direct impact on client spending. Omnicom currently faces numerous such headwinds, like economic fragility of the Eurozone, political instability in the Middle East and a striking slowdown in the Chinese economy. Also, these macroeconomic risks continue to drive other companies to be cautious with regard to advertising and marketing outlay, thereby squeezing advertising budgets. These developments might prove to be a strain on Omnicom in the upcoming quarterly results.
In addition, Omnicom faces concentration risk as it relies on a few big clients for its businesses. This often reduces its operating margins and affects its profitability. Omnicom belongs to the dynamic communications industry, which is highly competitive in nature. Agencies and media services compete with other agencies and creative or media services providers to maintain existing client relationships and win new clients. Also, keeping in view the service-oriented nature of the whole industry, it becomes imperative for the company to increase the count of talented employees as well as retain the existing ones. These are likely to affect its profitability in the impending quarter.
However, Omnicom is taking definite measures to streamline costs and boost earnings, and is also moving into new service areas to keep up with dynamic industry trends. It is building upon its digital and analytical capabilities by investing in agencies and partnering with innovative technology companies in key markets. In addition, Omnicom's operations are diversified across technology platforms, thus lowering its dependence on any one product in these dynamic technological markets and reducing the volatility of its earnings.
Earnings Whispers
Our proven model does not conclusively show that Omnicom is likely to beat earnings this quarter as it lacks the key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is currently at -0.75%.
Zacks Rank: Omnicom's Zacks Rank #3 when combined with negative ESP makes an earnings beat prediction uncertain. In addition, the Sell-rated stocks (#4 and #5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
American Capital, Ltd. ACAS , earnings ESP of +12.50% and a Zacks Rank #2.
ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3.
Frontline Ltd. FRO , earnings ESP of +25.00% and a Zacks Rank #2.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 , earnings ESP of +38.46% and a Zacks Rank #3. Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report OMNICOM GRP (OMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report To read this article on Zacks.com click here. Key Factors in the Past Quarter Omnicom faces the risk of strengthening U.S. dollar, which is likely to adversely impact its financial results by affecting its revenues. | Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report OMNICOM GRP (OMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3. Zacks Rank: Omnicom's Zacks Rank #3 when combined with negative ESP makes an earnings beat prediction uncertain. | Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report OMNICOM GRP (OMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3. Zacks Rank: Omnicom's Zacks Rank #3 when combined with negative ESP makes an earnings beat prediction uncertain. | ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3. Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report OMNICOM GRP (OMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report To read this article on Zacks.com click here. Omnicom's earnings track record has been remarkable over the past few quarters, consistently beating earnings estimates in the trailing four quarters. |
29577.0 | 2016-02-08 00:00:00 UTC | Will Ingersoll (IR) Miss Q4 Earnings on Currency Woes? | ABM | https://www.nasdaq.com/articles/will-ingersoll-ir-miss-q4-earnings-on-currency-woes-2016-02-08 | nan | nan | Industrial goods manufacturer Ingersoll-Rand PlcIR is scheduled to report fourth-quarter 2015 results before the opening bell on Feb 9. In the last reported quarter, earnings exceeded the Zacks Consensus Estimate by 5 cents. Ingersoll has a fairly decent earnings surprise history. In the last four trailing quarters, the company has managed to beat earnings thrice with a positive average earnings surprise of 9.44%. Let's see how things are shaping up for this announcement.
Growth Factors in the Past Quarter
Ingersoll has considerable operations outside the U.S. As the company establishes its operations internationally, it exposes itself significantly to risks from foreign exchange barriers and uncertainty from monetary devaluation. In particular, Ingersoll faces the risk of strengthening U.S. dollar, which is likely to adversely impact its financial results by affecting its revenues. Macroeconomic slowdown and geopolitical issues such as the economic fragility of the Eurozone, political instability in the Middle East and a striking slowdown in the Chinese economy remain additional headwinds.
Ingersoll continues to reposition its portfolio to focus on high-barrier markets. While such efforts are encouraging, they involve upfront costs and as a result can lead to earnings dilution in the near term. Consequently, the company is continually under stress to maintain profitability through stringent cost-cutting measures. Additionally, the company's international operations are subject to economic risks and results of operations may be adversely affected by changes in economic conditions and changes in local government regulation.
The company designs, manufactures and services products that incorporate advanced technologies, which entail various operating risks. The failure to develop new products and services that are readily accepted by the market could have an adverse impact on the company's results.
However, Ingersoll has a solid foundation of global brands and leading market share in all major product lines. The geographic and industry diversity coupled with a large installed product base provides ample growth opportunities within service, spare parts and replacement revenue streams. Additionally, the company's complementary portfolio of products and services is likely to assist it in strengthening the market position and achieving high productivity.
Earnings Whispers
Our proven model does not conclusively show that Ingersoll is likely to beat earnings this quarter as it lacks the key components. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. This is not the case here as you will see below:
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is currently at 0.00%.
Zacks Rank: Ingersoll's Zacks Rank #3 when combined with 0.00% ESP makes an earnings beat prediction uncertain. On the other hand, the Sell-rated stocks (#4 and #5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
American Capital, Ltd. ACAS , earnings ESP of +12.50% and a Zacks Rank #2.
ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3.
Frontline Ltd. FRO , earnings ESP of +25.00% and a Zacks Rank #2.
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ABM INDUSTRIES (ABM): Free Stock Analysis Report
AMER CAP LTD (ACAS): Free Stock Analysis Report
INGERSOLL RAND (IR): 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. | ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3. Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report INGERSOLL RAND (IR): Free Stock Analysis Report To read this article on Zacks.com click here. Industrial goods manufacturer Ingersoll-Rand PlcIR is scheduled to report fourth-quarter 2015 results before the opening bell on Feb 9. | ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3. Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report INGERSOLL RAND (IR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank: Ingersoll's Zacks Rank #3 when combined with 0.00% ESP makes an earnings beat prediction uncertain. | Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report INGERSOLL RAND (IR): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3. Zacks Rank: Ingersoll's Zacks Rank #3 when combined with 0.00% ESP makes an earnings beat prediction uncertain. | ABM Industries Incorporated ABM , earnings ESP of +38.46% and a Zacks Rank #3. Click to get this free report FRONTLINE LTD (FRO): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER CAP LTD (ACAS): Free Stock Analysis Report INGERSOLL RAND (IR): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the company's international operations are subject to economic risks and results of operations may be adversely affected by changes in economic conditions and changes in local government regulation. |
29578.0 | 2016-02-08 00:00:00 UTC | Extra Space Storage, Abbott Laboratories, First Data, ServiceMaster Global Holdings and ABM Industries highlighted as Zacks Bull and Bear of the Day | ABM | https://www.nasdaq.com/articles/extra-space-storage-abbott-laboratories-first-data-servicemaster-global-holdings-and-abm | nan | nan | For Immediate Release
Chicago, IL - February 08, 2016- Zacks Equity Research highlights Extra Space Storage ( EXR ) as the Bull of the Day and Abbott Laboratories ( ABT ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on First Data Corporation ( FDC ), ServiceMaster Global Holdings, Inc. ( SERV ) and ABM Industries Inc. ( ABM ).
Here is a synopsis of all five stocks:
Bull of the Day :
It has been a very rocky time for the stock market which is putting extra focus on companies in safer sectors. One area that is gaining renewed traction is the REIT market as this space benefits in a lower interest rate environment and it pays out solid yields too.
While there are many options here, one to put on your radar right now is Extra Space Storage ( EXR ) . The company pays out a nice yield, has a great growth rate, and best of all, EXR has a great track record. Just take a look at the recent performance of EXR compared to the market:
But that isn't the only reason to like EXR these days, as the company still has plenty of potential going forward. In fact, if we look to recent earnings estimate revisions, there is definitely hope that EXR can keep up its outperforming ways in the months ahead.
Recent Estimates
The most recent earnings estimate revisions for EXR stock have been extremely positive, as we haven't seen an analyst ratchet down their expectations for either the current year or current quarter projections in the past sixty days.
The consensus estimate is moving higher too, as the current quarter has gone from $0.81/share 90 days ago to $0.87/share today. We have seen a similar trend for the full year time frame, pushing EXR up to an expected EPS growth rate of just under 20%.
And if that wasn't enough, EXR also has a great history at earnings season, including four straight beats. The company is clearly well-positioned for a beat at its earnings report later this month, and it could be a good candidate for a modest positive EPS surprise. No wonder EXR has earned itself a Zacks Rank #1 (Strong Buy), putting it into the top 5% of all companies that we follow.
Bottom Line
The market has been rough lately so it might be an excellent idea to go with a proven winner in a strong industry. EXR is just that thanks to its history of outperformance, beats in earnings season, and its nice dividend too.
So if you are looking for a stock to get you through this uncertain time in the market, it may be time to give Extra Space Storage a closer inspection for your portfolio.
Bear of the Day :
Although many large caps in the health care world have held up pretty well in this uncertain environment, the same cannot be said for Abbott Laboratories ( ABT ) . Shares of this Illinois-based giant have fallen more than 15% this year, more than doubling the loss that the S&P 500 has seen so far in 2016.
While much of these losses are a result of the overall poor trading environment to start the year, a big percentage of the slump can also be blamed on Abbott's most recent earnings report. In this release, Abbott managed to beat estimates by a penny, but struggled on the revenue front and gave weak guidance too. Thanks to this, analysts tracking ABT have been racing to slash their earnings estimates for Abbott stock, suggesting that the pain for ABT investors isn't over by a long shot.
Recent Estimates
There has been total agreement among ABT analysts regarding the company's near term outlook as seven analysts have pushed estimates lower for the current quarter in the last seven days compared to zero higher, while we have seen an 11:0 ratio for the current year in the same time frame too.
These estimate cuts haven't just been one or two cents lower either, as we have seen some big changes in the consensus estimate over the past month. The current quarter is down to a 39 cent consensus profit, down from 50 cents a few weeks ago, while the current year has fallen about 24 cents down to $2.15/share in EPS.
Now, EPS is expected to contract more than 17% this quarter when compared to the year ago period, while the full year growth is expected to come in at 0.0% when compared to the previous year. No wonder ABT is now a Zacks Rank #5 (strong sell) stock that is currently ranked in the bottom 5% of our overall universe of securities.
Additional content:
3 Business Services Stocks to Bet on Amid Q4 Earnings Conundrum
The U.S. economy had an unenterprising end to 2015 as the GDP increased at a paltry 0.7% annualized rate in the fourth quarter, bringing its tally for the year to 2.4% - identical to that recorded in 2014. Although the Fed took off its brakes for the first raise in interest rates in nearly a decade in December, on perceived improvement in the economy, the short-term jitters are likely to prevent it from raising it further anytime soon.
On the surface, it appears that the economy failed to receive any 'slingshot' momentum from strong third-quarter growth, primarily due to the fallout of the growing global malaise on domestic activity. Strong dollar appreciation and the prevailing macroeconomic turmoil, led by the unprecedentedly-weak Chinese growth and a soft European market, continue to adversely affect exports and corporate investment levels.
Solid appreciation of the dollar has dented the export basket, as the U.S. goods and services have been rendered expensive upon foreign soil. The trade deficit widened to $566.5 billion and has reportedly subtracted 0.47 percentage point from the GDP growth in the fourth quarter. Lower oil prices have further added to the woes of the industries that directly or indirectly source businesses from the energy sector.
The Negative Feelers
Non-defense capital goods orders (excluding aircraft), one of the closely watched parameters for business spending plans, contracted 4.3% in December - the largest decline of this kind since November 2009. Business spending on equipment contracted 2.5% in the fourth quarter compared to a 9.9% rise in the third quarter.
With low demand for U.S.-manufactured items, businesses accumulated $68.6 billion worth of inventory in the fourth quarter, shaving 0.45 percentage point from the fourth-quarter GDP growth. Weighed down by higher levels of inventory, overall business investment declined at an annualized rate of 1.8%, the first drop since the third quarter of 2012.
The Markit Composite Purchasing Managers Index (PMI) data declined to 53.2 in January from 54.0 in December. This represents a general slowdown in new business growth and a cautious spending pattern by clients.
The Positive Vibes
When the overall business sentiments are somewhat reeling under the bearish market stance, American households have plenty to rejoice. Buoyed by an average of 284,000 job additions in the fourth quarter, the unemployment rate stood at 5% by the end of 2015 and is expected to fall further.
Enjoying the fruits of a resurgent job market, low inflationary pressures and cheaper oil bills, consumer confidence levels went up. The Conference Board Consumer Confidence Index improved moderately in January to 98.1 from 96.3 in December. Consumer spending, which accounts for over two-thirds of U.S. economy, increased 2.2% during the fourth quarter.
As the companies take stock of the situation and deliberate on their future course of action, let us take a glimpse into how the fourth-quarter earnings season is shaping up so far.
Business Services Sector Performance
About 47.8% of the total S&P 500 companies in the Business Services sector have reported their earnings results till Feb 3, 2016. With a 'beat ratio' of 72.7%, total earnings for these companies are up 4.1% year over year. Revenues increased 2.5% compared with the year-ago period, with a 'beat ratio' of 27.3%. The entire Business Services sector is expected to perform relatively better than the overall equity market with an earnings growth expectation of 3.4% in the fourth quarter versus -5.8% for the S&P 500 index. (Read: Q4 Earnings Season Past the Halfway Mark )
The primary growth drivers in this highly fragmented industry hinge on a healthy economy with decent prospects for job growth, higher disposable income and new business initiatives. An ideal mix of services, effective marketing strategies and ability to retain and attract new customers make the perfect recipe for profitability for most of these companies.
Given the forecast, it might be a good idea to zero-in on a handful of Business Services stocks that are poised to beat earnings estimates this quarter. An earnings surprise should help these stocks outperform in the near term.
How to Pick?
The Business Services sector covers an array of services that include marketing, consulting, staffing, security, telecommunications, Internet services, logistics and waste handling. Amid a diverse range of companies in the Business Services arena, picking the right stock for your portfolio could appear to be a colossal task. An easy way to narrow down the list is to look at stocks that have a solid Zacks Rank and a favorable Earnings ESP .
Earnings ESP is our proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate.
The combination of a Zacks Rank #1 (Strong Buy) or #2 (Buy) or #3 (Hold) and a positive Earnings ESP is usually a harbinger of an earnings beat and serves a perfect success formula on a platter. For investors seeking to benefit by applying this strategy to their portfolios, we have mentioned three Business Services stocks below, which match these criteria, and thus may be potential winners this earnings season.
First Data Corporation ( FDC ): Founded in 1989 and headquartered in Atlanta, GA, First Data offers electronic commerce and payment solutions across the globe. The company serves approximately six million business locations and 4,000 financial institutions in 118 countries around the world.
The company has a long-term earnings growth expectation of 18.6%. First Data currently carries a Zacks Rank #1 along with an Earnings ESP of +5.26%. The company is expected to report its fourth-quarter 2015 results after the closing bell on Feb 9.
ServiceMaster Global Holdings, Inc. ( SERV ): Headquartered in Memphis, TN, ServiceMaster is a premier business services provider of essential residential and commercial services. The company operates through an extensive service network of more than 8,000 company-owned, franchised and licensed locations.
This Zacks Rank #2 stock has a long-term earnings growth expectation of 11.0%, forward PE of 20.0x and an Earnings ESP of +3.23%. The company is scheduled to report its fourth-quarter 2015 results before the opening bell on Feb 25.
ABM Industries Inc. ( ABM ): Headquartered in New York, NY, ABM is one of the largest facility management services providers in the U.S. The company provides engineering, janitorial, parking, and security services to commercial, industrial, institutional, and retail facilities across the country.
The company has a long-term earnings growth expectation of 8.0% and a forward PE of 20.0x. ABM currently carries a Zacks Rank #3 along with an Earnings ESP of +38.46%. The company is expected to report its first-quarter fiscal 2016 results on Mar 1.
Moving Forward
Gus Faucher, senior economist at PNC Financial Services in Pittsburgh, observed: "Together with rising wages, more hiring will allow consumers to continue to spend, and that will be more than enough to power through weakness from trade and the stronger dollar." As the U.S. stocks appear volatile with a topsy-turvy economy, a sneak peek to the space for some possible outperformers backed by a solid Zacks Rank and a positive Zacks Earnings ESP could be a great idea for investors to gain from this earnings season.
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Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 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. | In addition, Zacks Equity Research provides analysis on First Data Corporation ( FDC ), ServiceMaster Global Holdings, Inc. ( SERV ) and ABM Industries Inc. ( ABM ). ABM Industries Inc. ( ABM ): Headquartered in New York, NY, ABM is one of the largest facility management services providers in the U.S. ABM currently carries a Zacks Rank #3 along with an Earnings ESP of +38.46%. | In addition, Zacks Equity Research provides analysis on First Data Corporation ( FDC ), ServiceMaster Global Holdings, Inc. ( SERV ) and ABM Industries Inc. ( ABM ). Click to get this free report EXTRA SPACE STG (EXR): Free Stock Analysis Report ABBOTT LABS (ABT): Free Stock Analysis Report FIRST DATA CORP (FDC): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc. ( ABM ): Headquartered in New York, NY, ABM is one of the largest facility management services providers in the U.S. | Click to get this free report EXTRA SPACE STG (EXR): Free Stock Analysis Report ABBOTT LABS (ABT): Free Stock Analysis Report FIRST DATA CORP (FDC): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on First Data Corporation ( FDC ), ServiceMaster Global Holdings, Inc. ( SERV ) and ABM Industries Inc. ( ABM ). ABM Industries Inc. ( ABM ): Headquartered in New York, NY, ABM is one of the largest facility management services providers in the U.S. | In addition, Zacks Equity Research provides analysis on First Data Corporation ( FDC ), ServiceMaster Global Holdings, Inc. ( SERV ) and ABM Industries Inc. ( ABM ). ABM Industries Inc. ( ABM ): Headquartered in New York, NY, ABM is one of the largest facility management services providers in the U.S. ABM currently carries a Zacks Rank #3 along with an Earnings ESP of +38.46%. |
29579.0 | 2016-02-05 00:00:00 UTC | 3 Business Services Stocks to Bet on Amid Q4 Earnings Conundrum | ABM | https://www.nasdaq.com/articles/3-business-services-stocks-to-bet-on-amid-q4-earnings-conundrum-2016-02-05 | nan | nan | The U.S. economy had an unenterprising end to 2015 as the GDP increased at a paltry 0.7% annualized rate in the fourth quarter, bringing its tally for the year to 2.4% - identical to that recorded in 2014. Although the Fed took off its brakes for the first raise in interest rates in nearly a decade in December, on perceived improvement in the economy, the short-term jitters are likely to prevent it from raising it further anytime soon.
On the surface, it appears that the economy failed to receive any 'slingshot' momentum from strong third-quarter growth, primarily due to the fallout of the growing global malaise on domestic activity. Strong dollar appreciation and the prevailing macroeconomic turmoil, led by the unprecedentedly-weak Chinese growth and a soft European market, continue to adversely affect exports and corporate investment levels.
Solid appreciation of the dollar has dented the export basket, as the U.S. goods and services have been rendered expensive upon foreign soil. The trade deficit widened to $566.5 billion and has reportedly subtracted 0.47 percentage point from the GDP growth in the fourth quarter. Lower oil prices have further added to the woes of the industries that directly or indirectly source businesses from the energy sector.
The Negative Feelers
Non-defense capital goods orders (excluding aircraft), one of the closely watched parameters for business spending plans, contracted 4.3% in December - the largest decline of this kind since November 2009. Business spending on equipment contracted 2.5% in the fourth quarter compared to a 9.9% rise in the third quarter.
With low demand for U.S.-manufactured items, businesses accumulated $68.6 billion worth of inventory in the fourth quarter, shaving 0.45 percentage point from the fourth-quarter GDP growth. Weighed down by higher levels of inventory, overall business investment declined at an annualized rate of 1.8%, the first drop since the third quarter of 2012.
The Markit Composite Purchasing Managers Index (PMI) data declined to 53.2 in January from 54.0 in December. This represents a general slowdown in new business growth and a cautious spending pattern by clients.
The Positive Vibes
When the overall business sentiments are somewhat reeling under the bearish market stance, American households have plenty to rejoice. Buoyed by an average of 284,000 job additions in the fourth quarter, the unemployment rate stood at 5% by the end of 2015 and is expected to fall further.
Enjoying the fruits of a resurgent job market, low inflationary pressures and cheaper oil bills, consumer confidence levels went up. The Conference Board Consumer Confidence Index improved moderately in January to 98.1 from 96.3 in December. Consumer spending, which accounts for over two-thirds of U.S. economy, increased 2.2% during the fourth quarter.
As the companies take stock of the situation and deliberate on their future course of action, let us take a glimpse into how the fourth-quarter earnings season is shaping up so far.
Business Services Sector Performance
About 47.8% of the total S&P 500 companies in the Business Services sector have reported their earnings results till Feb 3, 2016. With a 'beat ratio' of 72.7%, total earnings for these companies are up 4.1% year over year. Revenues increased 2.5% compared with the year-ago period, with a 'beat ratio' of 27.3%. The entire Business Services sector is expected to perform relatively better than the overall equity market with an earnings growth expectation of 3.4% in the fourth quarter versus -5.8% for the S&P 500 index. (Read: Q4 Earnings Season Past the Halfway Mark )
The primary growth drivers in this highly fragmented industry hinge on a healthy economy with decent prospects for job growth, higher disposable income and new business initiatives. An ideal mix of services, effective marketing strategies and ability to retain and attract new customers make the perfect recipe for profitability for most of these companies.
Given the forecast, it might be a good idea to zero-in on a handful of Business Services stocks that are poised to beat earnings estimates this quarter. An earnings surprise should help these stocks outperform in the near term.
How to Pick?
The Business Services sector covers an array of services that include marketing, consulting, staffing, security, telecommunications, Internet services, logistics and waste handling. Amid a diverse range of companies in the Business Services arena, picking the right stock for your portfolio could appear to be a colossal task. An easy way to narrow down the list is to look at stocks that have a solid Zacks Rank and a favorable Earnings ESP .
Earnings ESP is our proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate.
The combination of a Zacks Rank #1 (Strong Buy) or #2 (Buy) or #3 (Hold) and a positive Earnings ESP is usually a harbinger of an earnings beat and serves a perfect success formula on a platter. For investors seeking to benefit by applying this strategy to their portfolios, we have mentioned three Business Services stocks below, which match these criteria, and thus may be potential winners this earnings season.
First Data Corporation ( FDC ): Founded in 1989 and headquartered in Atlanta, GA, First Data offers electronic commerce and payment solutions across the globe. The company serves approximately six million business locations and 4,000 financial institutions in 118 countries around the world.
The company has a long-term earnings growth expectation of 18.6%. First Data currently carries a Zacks Rank #1 along with an Earnings ESP of +5.26%. The company is expected to report its fourth-quarter 2015 results after the closing bell on Feb 9.
ServiceMaster Global Holdings, Inc. ( SERV ): Headquartered in Memphis, TN, ServiceMaster is a premier business services provider of essential residential and commercial services. The company operates through an extensive service network of more than 8,000 company-owned, franchised and licensed locations.
This Zacks Rank #2 stock has a long-term earnings growth expectation of 11.0%, forward PE of 20.0x and an Earnings ESP of +3.23%. The company is scheduled to report its fourth-quarter 2015 results before the opening bell on Feb 25.
ABM Industries Incorporated ( ABM ): Headquartered in New York, NY, ABM is one of the largest facility management services providers in the U.S. The company provides engineering, janitorial, parking, and security services to commercial, industrial, institutional, and retail facilities across the country.
The company has a long-term earnings growth expectation of 8.0% and a forward PE of 20.0x. ABM currently carries a Zacks Rank #3 along with an Earnings ESP of +38.46%. The company is expected to report its first-quarter fiscal 2016 results on Mar 1.
Moving Forward
Gus Faucher, senior economist at PNC Financial Services in Pittsburgh, observed: "Together with rising wages, more hiring will allow consumers to continue to spend, and that will be more than enough to power through weakness from trade and the stronger dollar." As the U.S. stocks appear volatile with a topsy-turvy economy, a sneak peek to the space for some possible outperformers backed by a solid Zacks Rank and a positive Zacks Earnings ESP could be a great idea for investors to gain from this earnings season.
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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 ): Headquartered in New York, NY, ABM is one of the largest facility management services providers in the U.S. ABM currently carries a Zacks Rank #3 along with an Earnings ESP of +38.46%. Click to get this free report FIRST DATA CORP (FDC): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report FIRST DATA CORP (FDC): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ( ABM ): Headquartered in New York, NY, ABM is one of the largest facility management services providers in the U.S. ABM currently carries a Zacks Rank #3 along with an Earnings ESP of +38.46%. | Click to get this free report FIRST DATA CORP (FDC): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ( ABM ): Headquartered in New York, NY, ABM is one of the largest facility management services providers in the U.S. ABM currently carries a Zacks Rank #3 along with an Earnings ESP of +38.46%. | ABM Industries Incorporated ( ABM ): Headquartered in New York, NY, ABM is one of the largest facility management services providers in the U.S. ABM currently carries a Zacks Rank #3 along with an Earnings ESP of +38.46%. Click to get this free report FIRST DATA CORP (FDC): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. |
29580.0 | 2016-01-12 00:00:00 UTC | New Strong Sell Stocks for January 12th | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-january-12th-2016-01-12 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
ABM Industries, Inc. ( ABM )
Aegion Corp ( AEGN )
AMC Entertainment Holdings Inc ( AMC )
American Public Education, Inc ( APEI )
Apogee Enterprises Inc ( APOG )
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, Inc. ( ABM ) Aegion Corp ( AEGN ) AMC Entertainment Holdings Inc ( AMC ) American Public Education, Inc ( APEI ) Apogee Enterprises Inc ( APOG ) View the entire Zacks Rank #5 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report AEGION CORP (AEGN): Free Stock Analysis Report AMC ENTERTAINMT (AMC): Free Stock Analysis Report AMER PUB EDUCAT (APEI): Free Stock Analysis Report APOGEE ENTRPRS (APOG): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries, Inc. ( ABM ) Aegion Corp ( AEGN ) AMC Entertainment Holdings Inc ( AMC ) American Public Education, Inc ( APEI ) Apogee Enterprises Inc ( APOG ) View the entire Zacks Rank #5 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report AEGION CORP (AEGN): Free Stock Analysis Report AMC ENTERTAINMT (AMC): Free Stock Analysis Report AMER PUB EDUCAT (APEI): Free Stock Analysis Report APOGEE ENTRPRS (APOG): 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. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries, Inc. ( ABM ) Aegion Corp ( AEGN ) AMC Entertainment Holdings Inc ( AMC ) American Public Education, Inc ( APEI ) Apogee Enterprises Inc ( APOG ) View the entire Zacks Rank #5 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report AEGION CORP (AEGN): Free Stock Analysis Report AMC ENTERTAINMT (AMC): Free Stock Analysis Report AMER PUB EDUCAT (APEI): Free Stock Analysis Report APOGEE ENTRPRS (APOG): 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. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ABM Industries, Inc. ( ABM ) Aegion Corp ( AEGN ) AMC Entertainment Holdings Inc ( AMC ) American Public Education, Inc ( APEI ) Apogee Enterprises Inc ( APOG ) View the entire Zacks Rank #5 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report AEGION CORP (AEGN): Free Stock Analysis Report AMC ENTERTAINMT (AMC): Free Stock Analysis Report AMER PUB EDUCAT (APEI): Free Stock Analysis Report APOGEE ENTRPRS (APOG): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
29581.0 | 2016-01-04 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for January 05, 2016 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-january-05-2016-2016-01-04 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on January 05, 2016. A cash dividend payment of $0.165 per share is scheduled to be paid on February 01, 2016. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.13% increase over the prior quarter.
The previous trading day's last sale of ABM was $28.47, representing a -16.26% decrease from the 52 week high of $34 and a 6.59% increase over the 52 week low of $26.71.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). 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 2016 as -13.58%, compared to an industry average of 11%.
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 Aercap Holdings N.V. ( AER ). Zacks Investment Research reports ABM's forecasted earnings growth in 2016 as -13.58%, compared to an industry average of 11%. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on January 05, 2016. 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 Industries Incorporated ( ABM ) will begin trading ex-dividend on January 05, 2016. Shareholders who purchased ABM prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABM was $28.47, representing a -16.26% decrease from the 52 week high of $34 and a 6.59% increase over the 52 week low of $26.71. | 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 05, 2016. The previous trading day's last sale of ABM was $28.47, representing a -16.26% decrease from the 52 week high of $34 and a 6.59% increase over the 52 week low of $26.71. |
29582.0 | 2015-12-10 00:00:00 UTC | ABM Buys Westway to Spur 2020 Vision & Boost UK Presence | ABM | https://www.nasdaq.com/articles/abm-buys-westway-to-spur-2020-vision-boost-uk-presence-2015-12-10 | nan | nan | Leading provider of facility solutions ABM Industries IncorporatedABM recently announced the acquisition of Westway Services Holdings Ltd., a provider of technical engineering services in the U.K., for an undisclosed amount. The all-cash deal is in tune with the strategic Vision 2020 plan of the company and is likely to augment its presence in the U.K. market.
Based in South Ruislip, West London, Westway offers specialized services such as heating, ventilation, air conditioning, refrigeration, electrical installations, building management systems, planned preventative maintenance, and reactive maintenance services. Since its inception in 2000, Westway has developed a niche market with an employee base of approximately 540 employees and annual revenues of $81 million.
The acquisition is a strategic fit for ABM and opens up cross-selling opportunities for its existing customers in the U.K. ABM serves over 370 clients throughout the U.K., including over 200 commercial office locations, approximately 50 centers and retail parks, 15 airports and approximately 1 million square feet of public and entertainment venue space. On the other hand, by forming an integral part of ABM, Westway employees will gain an opportunity to pursue professional development and expand their personal skills.
The transaction aligns with the Vision 2020 plan of ABM that outlines its long-term vision for the next five years. The vision 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 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 currently holds a Zacks Rank #4 (Sell). Other stocks that look promising and are worth a look in the industry include ServiceMaster Global Holdings, Inc. SERV , NV5 Holdings, Inc. NVEE and Navigant Consulting Inc. NCI , each carrying a Zacks Rank #2 (Buy).
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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 the other hand, by forming an integral part of ABM, Westway employees will gain an opportunity to pursue professional development and expand their personal skills. Leading provider of facility solutions ABM Industries IncorporatedABM recently announced the acquisition of Westway Services Holdings Ltd., a provider of technical engineering services in the U.K., for an undisclosed amount. The acquisition is a strategic fit for ABM and opens up cross-selling opportunities for its existing customers in the U.K. ABM serves over 370 clients throughout the U.K., including over 200 commercial office locations, approximately 50 centers and retail parks, 15 airports and approximately 1 million square feet of public and entertainment venue space. | Click to get this free report NAVIGANT CONSLT (NCI): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report NV5 HOLDING INC (NVEE): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions ABM Industries IncorporatedABM recently announced the acquisition of Westway Services Holdings Ltd., a provider of technical engineering services in the U.K., for an undisclosed amount. The acquisition is a strategic fit for ABM and opens up cross-selling opportunities for its existing customers in the U.K. ABM serves over 370 clients throughout the U.K., including over 200 commercial office locations, approximately 50 centers and retail parks, 15 airports and approximately 1 million square feet of public and entertainment venue space. | The acquisition is a strategic fit for ABM and opens up cross-selling opportunities for its existing customers in the U.K. ABM serves over 370 clients throughout the U.K., including over 200 commercial office locations, approximately 50 centers and retail parks, 15 airports and approximately 1 million square feet of public and entertainment venue space. 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 NAVIGANT CONSLT (NCI): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report NV5 HOLDING INC (NVEE): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. | The transaction aligns with the Vision 2020 plan of ABM that outlines its long-term vision for the next five years. Leading provider of facility solutions ABM Industries IncorporatedABM recently announced the acquisition of Westway Services Holdings Ltd., a provider of technical engineering services in the U.K., for an undisclosed amount. The acquisition is a strategic fit for ABM and opens up cross-selling opportunities for its existing customers in the U.K. ABM serves over 370 clients throughout the U.K., including over 200 commercial office locations, approximately 50 centers and retail parks, 15 airports and approximately 1 million square feet of public and entertainment venue space. |
29583.0 | 2015-12-09 00:00:00 UTC | ABM Industries Q4 Earnings Beat, Revenues Strong Y/Y | ABM | https://www.nasdaq.com/articles/abm-industries-q4-earnings-beat-revenues-strong-y-y-2015-12-09 | nan | nan | ABM Industries IncorporatedABM reported fourth-quarter fiscal 2015 adjusted earnings of 55 cents per share, beating the Zacks Consensus Estimate by a penny and growing 17% year over year.
On a GAAP basis, earnings per share were 68 cents per share, increasing an impressive 38.8% from 49 cents in the prior-year quarter. A stronger top line drove earnings growth, despite higher operating expenses.
Abm Industries Inc. (ABM) - BNRI EPS & Surprise Percent - Last 5 Quarters | FindTheCompany
For fiscal 2015, ABM reported adjusted earnings (from continuing operations) of $92.9 million or $1.62 per share, compared with $80.2 million or $1.41 in the year-ago period. The year-over-year increase in earnings was mostly driven by top-line growth.
Inside the Headlines
Total revenue for the quarter increased 6% year over year to $1,277 million, with 3.7% organic growth and accretive acquisitions. However, the revenue figure lagged the Zacks Consensus Estimate of $1,360 million.
Revenues for fiscal 2015 improved 5.3% year over year to $4,897.8 million.
Total operating profit for the quarter decreased 3.9% year over year to $37.2 million, dragged down by higher selling, general and administrative expenses. However, adjusted quarterly EBITDA came in at $69.4 million, up 17.8% from the year-ago quarter.
Segmental Performance
Revenues for the Janitorial segment increased 3.4% year over year to $688.7 million, driven by strong Work Order revenue numbers. Segment operating profit for the reported quarter increased 12% year over year to $43.9 million.
Revenues from the Facility Services segment declined 1.2% year over year to $145.3 million and operating profit declined 16% year over year to $6.8 million.
Revenues from the Parking segment were up 2.6% year over year to $160.7 million, while operating profit decreased 4.4% year over year to $8.6 million.
Revenues from the Building & Energy Solutions segment were up 23.6% to $167.7 million. Operating profit was up 36.6% year over year to $13.8 million.
Revenues from Other segment improved 15.6% year over year to $114.6 million while operating profit improved 50% year over year to $5.1 million.
Business Restructuring Updates
During the quarter, ABM sold its Security Business to Universal Protection Service, a division of Universal Services of America, for $131 million. This resulted in a net gain of $14.4 million, recorded in income from discontinued operations. The divestiture was in line with ABM's transformation initiative, and will allow the company to focus on its core strengths and unlock greater shareholder value.
Financial Position
Cash and cash equivalents at the quarter end stood at $742.9 million. Net cash provided by operating activities was $43.9 million, compared with $63.7 million in the prior-year period.
The company's borrowing under the credit facility was $158 million, down $147 million sequentially, primarily due to the divestiture of the ABM Security Business.
The company's board approved a 3.1% increase for the quarterly cash dividend to $0.165 per share, payable on Feb 1, 2016. ABM repurchased 403,181 shares for $11 million under its $200 million share repurchase program.
Outlook
For fiscal 2016, ABM expects adjusted income from continuing operations to lie in a range of $1.30 - $1.40.
Going forward
ABM announced a comprehensive strategic and transformation initiative 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.
The company is on its way to becoming a vertically focused, solutions-driven business, which will help create clear competitive differentiation, facilitate deep client penetration, and thus drive long-term, profitable growth.
ABM currently has a Zacks Rank #4 (Sell). Some better-ranked stocks that look promising now include ServiceMaster Global Holdings, Inc SERV , Anadigics, Inc. ANAD and FormFactor Inc. FORM , each carrying a Zacks Rank #2 (Buy).
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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 announced a comprehensive strategic and transformation initiative focused on driving sustainable profitability by effectively allocating resources to higher margin services and business verticals with a strong competitive edge. ABM Industries IncorporatedABM reported fourth-quarter fiscal 2015 adjusted earnings of 55 cents per share, beating the Zacks Consensus Estimate by a penny and growing 17% year over year. Abm Industries Inc. (ABM) - BNRI EPS & Surprise Percent - Last 5 Quarters | FindTheCompany For fiscal 2015, ABM reported adjusted earnings (from continuing operations) of $92.9 million or $1.62 per share, compared with $80.2 million or $1.41 in the year-ago period. | Abm Industries Inc. (ABM) - BNRI EPS & Surprise Percent - Last 5 Quarters | FindTheCompany For fiscal 2015, ABM reported adjusted earnings (from continuing operations) of $92.9 million or $1.62 per share, compared with $80.2 million or $1.41 in the year-ago period. Click to get this free report ANADIGICS CORP (ANAD): Free Stock Analysis Report FORMFACTOR INC (FORM): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM reported fourth-quarter fiscal 2015 adjusted earnings of 55 cents per share, beating the Zacks Consensus Estimate by a penny and growing 17% year over year. | ABM Industries IncorporatedABM reported fourth-quarter fiscal 2015 adjusted earnings of 55 cents per share, beating the Zacks Consensus Estimate by a penny and growing 17% year over year. Abm Industries Inc. (ABM) - BNRI EPS & Surprise Percent - Last 5 Quarters | FindTheCompany For fiscal 2015, ABM reported adjusted earnings (from continuing operations) of $92.9 million or $1.62 per share, compared with $80.2 million or $1.41 in the year-ago period. Business Restructuring Updates During the quarter, ABM sold its Security Business to Universal Protection Service, a division of Universal Services of America, for $131 million. | ABM Industries IncorporatedABM reported fourth-quarter fiscal 2015 adjusted earnings of 55 cents per share, beating the Zacks Consensus Estimate by a penny and growing 17% year over year. Click to get this free report ANADIGICS CORP (ANAD): Free Stock Analysis Report FORMFACTOR INC (FORM): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. Abm Industries Inc. (ABM) - BNRI EPS & Surprise Percent - Last 5 Quarters | FindTheCompany For fiscal 2015, ABM reported adjusted earnings (from continuing operations) of $92.9 million or $1.62 per share, compared with $80.2 million or $1.41 in the year-ago period. |
29584.0 | 2015-12-09 00:00:00 UTC | Daily Dividend Report: BMY, MA, ABM, JPM, PM, MO, KHC, DHR, GM, TJX, CAT | ABM | https://www.nasdaq.com/articles/daily-dividend-report-bmy-ma-abm-jpm-pm-mo-khc-dhr-gm-tjx-cat-2015-12-09 | nan | nan | Bristol-Myers Squibb Company ( BMY ) declared an increase of approximately three percent in the company's quarterly dividend, beginning in the first quarter of 2016. The dividend increase will result in a quarterly dividend of thirty-eight cents per share on the $.10 par value Common Stock of the corporation. The next quarterly dividend will be payable on February 1, 2016, to stockholders of record at the close of business on January 4, 2016.
MasterCard ( MA ) has increased the company's quarterly cash dividend to 19 cents per share, a 19 percent increase over the previous dividend of 16 cents per share. The cash dividend will be paid on February 9, 2016 to holders of record of its Class A common stock and Class B common stock as of January 8, 2016.
ABM ( ABM ) approved a 3.1% increase for the quarterly cash dividend to $0.165 per common share, payable on February 1, 2016 to stockholders of record on January 7, 2016.
JPMorgan Chase & Co. ( JPM ) declared a quarterly dividend of 44 cents per share on the outstanding shares of the common stock of JPMorgan Chase. The dividend is payable on January 31, 2016, to stockholders of record at the close of business on January 6, 2016.
Philip Morris International ( PM ) declared a regular quarterly dividend of $1.02 per common share, payable on January 8, 2016, to shareholders of record as of December 23, 2015. The ex-dividend date is December 21, 2015.
Altria Group (MO) declared a regular quarterly dividend of $0.565 per common share, payable on January 11, 2016, to shareholders of record as of December 24, 2015. The ex-dividend date is December 22, 2015.
The Kraft Heinz Company (KHC) declared a regular quarterly dividend of $0.575 per share of common stock, payable on January 15, 2016 to shareholders of record as of December 23, 2015.
Danaher Corporation (DHR) has approved a regular quarterly dividend of $0.135 per share payable on January 29, 2016 to holders of record on December 21, 2015.
General Motors (GM) declared a fourth quarter 2015 dividend of 36 cents per share on the company's common stock. The fourth quarter dividend is payable Tuesday, Dec. 29, 2015 to all common stockholders of record as of Friday, Dec. 18, 2015.
The TJX Companies (TJX) announced the declaration of a quarterly dividend on its common stock of $.21 per share payable March 3, 2016, to shareholders of record on February 11, 2016.
Caterpillar (CAT) voted today to maintain the quarterly cash dividend of seventy-seven cents per share of common stock, payable February 20, 2016, to stockholders of record at the close of business on January 20, 2016.
VIDEO: Daily Dividend Report: BMY, MA, ABM, JPM, PM, MO, KHC, DHR, GM, TJX, CAT
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 ( ABM ) approved a 3.1% increase for the quarterly cash dividend to $0.165 per common share, payable on February 1, 2016 to stockholders of record on January 7, 2016. VIDEO: Daily Dividend Report: BMY, MA, ABM, JPM, PM, MO, KHC, DHR, GM, TJX, CAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Philip Morris International ( PM ) declared a regular quarterly dividend of $1.02 per common share, payable on January 8, 2016, to shareholders of record as of December 23, 2015. | ABM ( ABM ) approved a 3.1% increase for the quarterly cash dividend to $0.165 per common share, payable on February 1, 2016 to stockholders of record on January 7, 2016. VIDEO: Daily Dividend Report: BMY, MA, ABM, JPM, PM, MO, KHC, DHR, GM, TJX, CAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Kraft Heinz Company (KHC) declared a regular quarterly dividend of $0.575 per share of common stock, payable on January 15, 2016 to shareholders of record as of December 23, 2015. | ABM ( ABM ) approved a 3.1% increase for the quarterly cash dividend to $0.165 per common share, payable on February 1, 2016 to stockholders of record on January 7, 2016. VIDEO: Daily Dividend Report: BMY, MA, ABM, JPM, PM, MO, KHC, DHR, GM, TJX, CAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Altria Group (MO) declared a regular quarterly dividend of $0.565 per common share, payable on January 11, 2016, to shareholders of record as of December 24, 2015. | ABM ( ABM ) approved a 3.1% increase for the quarterly cash dividend to $0.165 per common share, payable on February 1, 2016 to stockholders of record on January 7, 2016. VIDEO: Daily Dividend Report: BMY, MA, ABM, JPM, PM, MO, KHC, DHR, GM, TJX, CAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. General Motors (GM) declared a fourth quarter 2015 dividend of 36 cents per share on the company's common stock. |
29585.0 | 2015-12-08 00:00:00 UTC | After-Hours Earnings Report for December 8, 2015 : COST, PLAY, ABM, OXM, SWHC, ALOG, KKD, AVAV, SIGM, GTIM, TPLM, ONCS | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-december-8-2015-cost-play-abm-oxm-swhc-alog-kkd-avav-sigm-gtim | nan | nan | The following companies are expected to report earnings after hours on 12/08/2015. Visit our Earnings Calendar for a full list of expected earnings releases.
Costco Wholesale Corporation ( COST ) is reporting for the quarter ending November 30, 2015. The discount retail company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.17. This value represents a 4.46% increase compared to the same quarter last year. In the past year COST has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 4.22%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for COST is 29.58 vs. an industry ratio of 25.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Dave & Buster's Entertainment, Inc. ( PLAY ) is reporting for the quarter ending October 31, 2015. The restaurant company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.03. This value represents a 142.86% increase compared to the same quarter last year. In the past year PLAY has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 73.91%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for PLAY is 31.55 vs. an industry ratio of 26.80, 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, 2015. The building maintenance & services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.54. This value represents a 3.85% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 16.43 vs. an industry ratio of 21.90.
Oxford Industries, Inc. ( OXM ) is reporting for the quarter ending October 31, 2015. The textile company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.09. This value represents a 1000.00% decrease compared to the same quarter last year. OXM missed the consensus earnings per share in the 4th calendar quarter of 2014 by -75%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for OXM is 18.91 vs. an industry ratio of 11.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Smith & Wesson Holding Corporation ( SWHC ) is reporting for the quarter ending October 31, 2015. The leisure (recreational) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.20. This value represents a 122.22% increase compared to the same quarter last year. In the past year SWHC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 45.45%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for SWHC is 17.62 vs. an industry ratio of 33.60.
Analogic Corporation ( ALOG ) is reporting for the quarter ending October 31, 2015. The computer paraphernalia company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.55. This value represents a 14.58% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 14 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ALOG is 19.39 vs. an industry ratio of 39.30.
Krispy Kreme Doughnuts, Inc. ( KKD ) is reporting for the quarter ending October 31, 2015. The restaurant company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.21. This value represents a 16.67% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for KKD is 17.85 vs. an industry ratio of 26.80.
AeroVironment, Inc. ( AVAV ) is reporting for the quarter ending October 31, 2015. The aerospace and defense company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.09. This value represents a 25.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for AVAV is 497.20 vs. an industry ratio of 23.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Sigma Designs, Inc. ( SIGM ) is reporting for the quarter ending October 31, 2015. The semiconductor company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.05. This value represents a 400.00% increase compared to the same quarter last year.
Good Times Restaurants Inc. ( GTIM ) is reporting for the quarter ending September 30, 2015. The restaurant company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.00. This value represents a 100.00% increase compared to the same quarter last year. GTIM missed the consensus earnings per share in the 4th calendar quarter of 2014 by -33.33%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for GTIM is -77.00 vs. an industry ratio of 26.80.
Triangle Petroleum Corporation ( TPLM ) is reporting for the quarter ending October 31, 2015. The consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.14. TPLM reported earnings of $0.15 per share for the same quarter a year ago; representing a a decrease of -193.33%.
OncoSec Medical Incorporated ( ONCS ) is reporting for the quarter ending October 31, 2015. The biomedical (gene) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.49. This value represents a 22.50% decrease compared to the same quarter last year. ONCS missed the consensus earnings per share in the 2nd calendar quarter of 2015 by -187.5%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ONCS is -1.47 vs. an industry ratio of -19.40, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 16.43 vs. an industry ratio of 21.90. The discount retail company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.17. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 16.43 vs. an industry ratio of 21.90. Zacks Investment Research reports that the 2016 Price to Earnings ratio for COST is 29.58 vs. an industry ratio of 25.70, implying that they will have a higher earnings growth than their competitors in the same industry. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 16.43 vs. an industry ratio of 21.90. Zacks Investment Research reports that the 2016 Price to Earnings ratio for COST is 29.58 vs. an industry ratio of 25.70, implying that they will have a higher earnings growth than their competitors in the same industry. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 16.43 vs. an industry ratio of 21.90. In the past year COST has beat the expectations every quarter. |
29586.0 | 2015-11-03 00:00:00 UTC | New Strong Sell Stocks for November 3rd | ABM | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-november-3rd-2015-11-03 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today:
ABM Industries, Inc. ( ABM )
Alliance Fiber Optic Products Inc ( AFOP )
Arctic Cat Inc ( ACAT )
ARM Holdings plc ( ARMH )
Buffalo Wild Wings ( BWLD )
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, Inc. ( ABM ) Alliance Fiber Optic Products Inc ( AFOP ) Arctic Cat Inc ( ACAT ) ARM Holdings plc ( ARMH ) Buffalo Wild Wings ( BWLD ) View the entire Zacks Rank #5 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ALLIANCE FIBER (AFOP): Free Stock Analysis Report ARCTIC CAT INC (ACAT): Free Stock Analysis Report ARM HOLDNGS ADR (ARMH): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: ABM Industries, Inc. ( ABM ) Alliance Fiber Optic Products Inc ( AFOP ) Arctic Cat Inc ( ACAT ) ARM Holdings plc ( ARMH ) Buffalo Wild Wings ( BWLD ) View the entire Zacks Rank #5 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ALLIANCE FIBER (AFOP): Free Stock Analysis Report ARCTIC CAT INC (ACAT): Free Stock Analysis Report ARM HOLDNGS ADR (ARMH): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): 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. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: ABM Industries, Inc. ( ABM ) Alliance Fiber Optic Products Inc ( AFOP ) Arctic Cat Inc ( ACAT ) ARM Holdings plc ( ARMH ) Buffalo Wild Wings ( BWLD ) View the entire Zacks Rank #5 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ALLIANCE FIBER (AFOP): Free Stock Analysis Report ARCTIC CAT INC (ACAT): Free Stock Analysis Report ARM HOLDNGS ADR (ARMH): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): 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. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: ABM Industries, Inc. ( ABM ) Alliance Fiber Optic Products Inc ( AFOP ) Arctic Cat Inc ( ACAT ) ARM Holdings plc ( ARMH ) Buffalo Wild Wings ( BWLD ) View the entire Zacks Rank #5 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ALLIANCE FIBER (AFOP): Free Stock Analysis Report ARCTIC CAT INC (ACAT): Free Stock Analysis Report ARM HOLDNGS ADR (ARMH): Free Stock Analysis Report BUFFALO WLD WNG (BWLD): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
29587.0 | 2015-10-22 00:00:00 UTC | ABM to Implement Energy & Facility Upgrades for US GSA | ABM | https://www.nasdaq.com/articles/abm-to-implement-energy-facility-upgrades-for-us-gsa-2015-10-22 | nan | nan | Leading provider of facility solutions ABM Industries IncABM recently inked a contract with the U.S. General Services Administration ("GSA"), under which it will initiate a second phase of widespread energy and facility upgrades to federal buildings all over Southern California.
The Bundled Energy Solutions program will include the 300 North Los Angeles ("NLA") Building; Edward R. Roybal Federal Building in Los Angeles; the Glenn M. Anderson Federal Building in Long Beach; the U.S. Social Security Building in Huntington Park; and the U.S. Courthouse and Ronald Reagan Federal Building in Santa Ana.
Overall, ABM's innovative, long-term financing solution promises to unlock energy and operating cost savings of a minimum of $48.4 million over the next 20 years. The program will cut the buildings' energy use by a whopping 38%.
Sometime back, ABM finished the first phase of the multi-million dollar contract for GSA, which focused on retrofitting the central plant's HVAC system and upgrading building automation controls to control energy usage. This upgrade will likely lessen energy consumption by 25%. The central plant is shared by the 300 NLA Building and the Edward R. Roybal Federal Building.
ABM designed the Bundled Energy Solutions program as an economic solution to cater to the technical facility needs and sustainability goals of clients. ABM's objective is to streamline the client's operating budget, so that the savings generated can be reallocated to fund mission critical facility requirements.
This solution, which has been customized for the GSA, includes 54 energy conservation measures across the buildings. In this new environment of shrinking tax bases and limited resources, clients are increasingly relying on programs like ABM's Bundled Energy Solutions for new measures to meet their critical infrastructure upgrade needs.
Headquartered in San Francisco, CA, ABM provides engineering, janitorial, parking, and security services to commercial, industrial, institutional, and retail facilities.
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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's objective is to streamline the client's operating budget, so that the savings generated can be reallocated to fund mission critical facility requirements. In this new environment of shrinking tax bases and limited resources, clients are increasingly relying on programs like ABM's Bundled Energy Solutions for new measures to meet their critical infrastructure upgrade needs. Headquartered in San Francisco, CA, ABM provides engineering, janitorial, parking, and security services to commercial, industrial, institutional, and retail facilities. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions ABM Industries IncABM recently inked a contract with the U.S. General Services Administration ("GSA"), under which it will initiate a second phase of widespread energy and facility upgrades to federal buildings all over Southern California. Overall, ABM's innovative, long-term financing solution promises to unlock energy and operating cost savings of a minimum of $48.4 million over the next 20 years. | Leading provider of facility solutions ABM Industries IncABM recently inked a contract with the U.S. General Services Administration ("GSA"), under which it will initiate a second phase of widespread energy and facility upgrades to federal buildings all over Southern California. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Overall, ABM's innovative, long-term financing solution promises to unlock energy and operating cost savings of a minimum of $48.4 million over the next 20 years. | Leading provider of facility solutions ABM Industries IncABM recently inked a contract with the U.S. General Services Administration ("GSA"), under which it will initiate a second phase of widespread energy and facility upgrades to federal buildings all over Southern California. Overall, ABM's innovative, long-term financing solution promises to unlock energy and operating cost savings of a minimum of $48.4 million over the next 20 years. Sometime back, ABM finished the first phase of the multi-million dollar contract for GSA, which focused on retrofitting the central plant's HVAC system and upgrading building automation controls to control energy usage. |
29588.0 | 2015-10-06 00:00:00 UTC | ABM Recommits Cleaning Services for Mercedes-Benz Superdome | ABM | https://www.nasdaq.com/articles/abm-recommits-cleaning-services-for-mercedes-benz-superdome-2015-10-06 | nan | nan | Leading provider of facility solutions, ABM Industries IncABM , recently extended its agreement as the official cleaning services partner for the Mercedes-Benz Superdome, the home of the National Football League's (NFL) New Orleans Saint. Also it extended its contract as the official cleaning services partner of Smoothie King Center, the home of the National Basketball Association's (NBA) New Orleans Pelicans.
As per the agreement, ABM will offer post-event janitorial and maintenance services for the New Orleans Saints and New Orleans Pelicans. ABM offers janitorial services at first-class venues in diverse locations and various large convention centers and concert venues globally. It is a challenge for Saints and Pelicans to provide a safe, clean and friendly environment for its fans and guests. With ABM's competence and experience in delivering top service, these teams aim to deliver a pleasant game experience to its fans. Also, ABM has created local jobs for the people of New Orleans. Additionally, ABM's GreenCare program will help the Saints and Pelicans to minimize impact on the environment through sustainable cleaning practices.
Headquartered in San Francisco, CA, ABM provides engineering, janitorial, parking, and security services to commercial, industrial, institutional, and retail facilities across the U.S. as well as Puerto Rico, British Columbia, and Canada. The company has realigned its operational structure to an on-site, mobile and on-demand market based structure. This realignment has improved its long-term growth prospects and is creating higher margin opportunities by enabling it to better deliver end-to-end services to its clients across urban, suburban and rural areas.
ABM currently has a Zacks Rank #2 (Buy). Other stocks that look promising and are worth a look now include Danaher CorpDHR , ServiceMaster Global Holdings, Inc. SERV and Graham Corporation GHM all carrying a Zacks Rank #2 as well.
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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 IncABM , recently extended its agreement as the official cleaning services partner for the Mercedes-Benz Superdome, the home of the National Football League's (NFL) New Orleans Saint. Headquartered in San Francisco, CA, ABM provides engineering, janitorial, parking, and security services to commercial, industrial, institutional, and retail facilities across the U.S. as well as Puerto Rico, British Columbia, and Canada. As per the agreement, ABM will offer post-event janitorial and maintenance services for the New Orleans Saints and New Orleans Pelicans. | Leading provider of facility solutions, ABM Industries IncABM , recently extended its agreement as the official cleaning services partner for the Mercedes-Benz Superdome, the home of the National Football League's (NFL) New Orleans Saint. Click to get this free report DANAHER CORP (DHR): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report GRAHAM CORP (GHM): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. As per the agreement, ABM will offer post-event janitorial and maintenance services for the New Orleans Saints and New Orleans Pelicans. | Leading provider of facility solutions, ABM Industries IncABM , recently extended its agreement as the official cleaning services partner for the Mercedes-Benz Superdome, the home of the National Football League's (NFL) New Orleans Saint. As per the agreement, ABM will offer post-event janitorial and maintenance services for the New Orleans Saints and New Orleans Pelicans. Click to get this free report DANAHER CORP (DHR): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report GRAHAM CORP (GHM): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. | As per the agreement, ABM will offer post-event janitorial and maintenance services for the New Orleans Saints and New Orleans Pelicans. Click to get this free report DANAHER CORP (DHR): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report GRAHAM CORP (GHM): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions, ABM Industries IncABM , recently extended its agreement as the official cleaning services partner for the Mercedes-Benz Superdome, the home of the National Football League's (NFL) New Orleans Saint. |
29589.0 | 2015-09-16 00:00:00 UTC | ABM Rebrands UK Businesses to Realign Growth Impetus | ABM | https://www.nasdaq.com/articles/abm-rebrands-uk-businesses-to-realign-growth-impetus-2015-09-16 | nan | nan | Leading provider of facility solutions ABM Industries IncorporatedABM recently rebranded its businesses in the U.K. under the corporate brand name to realign the brand identity of its subsidiaries and focus on holistic growth. These included the rebranding of GBM Support Services Group Limited and its Eclipse and CGS businesses under the ABM brand.
Headquartered in London, GBM is a premier provider of cleaning, security, building maintenance, waste and facilities management services for various retail, leisure, public sector, and commercial outlets across the U.K. Leveraging the diversified service offerings of GBM, ABM has been able to gain a significant footprint in the country over the past few months.
By integrating the various GBM businesses in the U.K. under the corporate name and logo, ABM now intends to capitalize on the inherent strengths of the respective units and give a focused approach to its overseas employees. At the same time, the rebranding initiative will offer its overseas clients the promise and commitment of the global ABM brand.
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 provides engineering, janitorial, parking, and security services to commercial, industrial, institutional, and retail facilities across the globe. The company serves over 370 clients throughout the U.K., including over 200 commercial office locations, approximately 50 centers and retail parks, 15 airports and approximately 1 million square feet of public and entertainment venue space.
ABM currently holds a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include Team, Inc. TISI , ServiceMaster Global Holdings, Inc. SERV and NV5 Holdings, Inc. NVEE , each carrying a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By integrating the various GBM businesses in the U.K. under the corporate name and logo, ABM now intends to capitalize on the inherent strengths of the respective units and give a focused approach to its overseas employees. Leading provider of facility solutions ABM Industries IncorporatedABM recently rebranded its businesses in the U.K. under the corporate brand name to realign the brand identity of its subsidiaries and focus on holistic growth. These included the rebranding of GBM Support Services Group Limited and its Eclipse and CGS businesses under the ABM brand. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report NV5 HOLDING INC (NVEE): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions ABM Industries IncorporatedABM recently rebranded its businesses in the U.K. under the corporate brand name to realign the brand identity of its subsidiaries and focus on holistic growth. These included the rebranding of GBM Support Services Group Limited and its Eclipse and CGS businesses under the ABM brand. | Leading provider of facility solutions ABM Industries IncorporatedABM recently rebranded its businesses in the U.K. under the corporate brand name to realign the brand identity of its subsidiaries and focus on holistic growth. Headquartered in London, GBM is a premier provider of cleaning, security, building maintenance, waste and facilities management services for various retail, leisure, public sector, and commercial outlets across the U.K. Leveraging the diversified service offerings of GBM, ABM has been able to gain a significant footprint in the country over the past few months. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report NV5 HOLDING INC (NVEE): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. | Leading provider of facility solutions ABM Industries IncorporatedABM recently rebranded its businesses in the U.K. under the corporate brand name to realign the brand identity of its subsidiaries and focus on holistic growth. These included the rebranding of GBM Support Services Group Limited and its Eclipse and CGS businesses under the ABM brand. Headquartered in London, GBM is a premier provider of cleaning, security, building maintenance, waste and facilities management services for various retail, leisure, public sector, and commercial outlets across the U.K. Leveraging the diversified service offerings of GBM, ABM has been able to gain a significant footprint in the country over the past few months. |
29590.0 | 2015-09-03 00:00:00 UTC | ABM Industries Misses on Q3 Earnings, Revenues Beat | ABM | https://www.nasdaq.com/articles/abm-industries-misses-on-q3-earnings-revenues-beat-2015-09-03 | nan | nan | ABM Industries IncorporatedABM came up with third-quarter fiscal 2015 adjusted earnings per share of 47 cents, which missed the Zacks Consensus Estimate by 2 cents. The adjusted earnings per share were flat on a year-over-year basis.
On GAAP basis, earnings per share were 3 cents per share, significantly down from 34 cents in the prior-year quarter. The decrease in earnings was primarily related to adjustments to insurance reserves.
Inside the Headlines
Total revenue increased 5.7% year over year to $1,348.8 million, with 5.7% organic growth and accretive acquisitions. The revenue figure also came above the Zacks Consensus Estimate of $1,336.0 million.
Total adjusted operating profit decreased 23.3% year over year to $35.8 million. Adjusted EBITDA stood at $53.3 million, down 14.6% from the year-ago quarter, primarily due to higher insurance expense.
Segmental Performance
Revenues for the Janitorial segment increased 4.7% year over year to $678.5 million. Segment operating profit decreased 19.7% to $33.4 million in the reported quarter.
Revenues from the Facility Services segment declined 2.5% year over year to $147.3 million and operating profit decreased 14.3% to $6.0 million.
Revenues from the Parking segment were up 3.5% year over year to $162.0 million, while operating profit decreased 13.3% to $7.8 million.
The Security segment revenues increased to $98.9 million from $95.4 million in the year-ago quarter. Operating profit was down 16.7% to $3.0 million.
Revenues from the Building & Energy Solutions segment were up 16.9% to $149.1 million. Operating profit was up 19.1% to $8.1 million.
Revenues from Other segment improved 16% year over year to $113.0 million while operating profit was flat at $4.5 million.
Business Restructuring Updates
ABM announced the formation of a new company names QMerit, which will take over its Unified Workforce software platform. Tracy K. Price, ABM executive vice president and president of ABM Facility Solutions Group, will be joining as the CEO of this new company.
Financial Position
Cash and cash equivalents at quarter end were $51.2 million. Net cash provided by operations was $62.4 million compared with $19.3 million in the prior-year period.
As of the quarter end, total debt outstanding was $305.1 million, with $378.8 million of borrowing capacity under its $800.0 million line of credit.
During the quarter, the company paid a quarterly cash dividend of $9.1 million and repurchased 307,369 shares for $10.0 million.
Outlook
ABM has narrowed its fiscal 2015 adjusted EPS guidance to $1.75 - $1.80 from the prior range of $1.75 - $1.85 per share.
Going forward
ABM announced a comprehensive strategic and transformation initiative 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). Other stocks that look promising include ServiceMaster Global Holdings, Inc SERV carrying a Zacks Rank #1 (Strong Buy) along with Team, Inc TISI) and Accenture plc ACN , carrying a Zacks Rank #2 (Buy).
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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. | Business Restructuring Updates ABM announced the formation of a new company names QMerit, which will take over its Unified Workforce software platform. Going forward ABM announced a comprehensive strategic and transformation initiative focused on driving sustainable profitability by effectively allocating resources to higher margin services and business verticals with a strong competitive edge. ABM Industries IncorporatedABM came up with third-quarter fiscal 2015 adjusted earnings per share of 47 cents, which missed the Zacks Consensus Estimate by 2 cents. | Click to get this free report ACCENTURE PLC (ACN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM came up with third-quarter fiscal 2015 adjusted earnings per share of 47 cents, which missed the Zacks Consensus Estimate by 2 cents. Business Restructuring Updates ABM announced the formation of a new company names QMerit, which will take over its Unified Workforce software platform. | Click to get this free report ACCENTURE PLC (ACN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM came up with third-quarter fiscal 2015 adjusted earnings per share of 47 cents, which missed the Zacks Consensus Estimate by 2 cents. Business Restructuring Updates ABM announced the formation of a new company names QMerit, which will take over its Unified Workforce software platform. | ABM currently has a Zacks Rank #3 (Hold). ABM Industries IncorporatedABM came up with third-quarter fiscal 2015 adjusted earnings per share of 47 cents, which missed the Zacks Consensus Estimate by 2 cents. Business Restructuring Updates ABM announced the formation of a new company names QMerit, which will take over its Unified Workforce software platform. |
29591.0 | 2015-09-02 00:00:00 UTC | After-Hours Earnings Report for September 2, 2015 : CTLT, VRNT, FIVE, ABM, OXM, NCS, CFI, SEAC, MIND, CRDS | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-september-2-2015-ctlt-vrnt-five-abm-oxm-ncs-cfi-seac-mind-crds | nan | nan | The following companies are expected to report earnings after hours on 09/02/2015. Visit our Earnings Calendar for a full list of expected earnings releases.
Catalent, Inc. ( CTLT ) is reporting for the quarter ending June 30, 2015. The drug company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.58. This value represents a 43.69% decrease compared to the same quarter last year. CTLT missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -35%. The days to cover, as reported in the 8/14/2015 short interest update, increased 610.43% from previous report on 7/31/2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CTLT is 18.91 vs. an industry ratio of 3.30, 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, 2015. The computer software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.47. This value represents a 2.08% decrease compared to the same quarter last year. VRNT missed the consensus earnings per share in the 1st calendar quarter of 2015 by -16.49%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for VRNT is 18.25 vs. an industry ratio of 21.70.
Five Below, Inc. ( FIVE ) is reporting for the quarter ending July 31, 2015. The retail company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.13. This value represents a 13.33% decrease compared to the same quarter last year. In the past year FIVE has met analyst expectations once and beat the expectations the other three quarters. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for FIVE is 35.69 vs. an industry ratio of 1.90, 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, 2015. The building maintenance & services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.49. This value represents a 4.26% increase compared to the same quarter last year. ABM missed the consensus earnings per share in the 4th calendar quarter of 2014 by -5.45%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 17.38 vs. an industry ratio of 23.00.
Oxford Industries, Inc. ( OXM ) is reporting for the quarter ending July 31, 2015. The textile company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.23. This value represents a 30.85% increase compared to the same quarter last year. OXM missed the consensus earnings per share in the 4th calendar quarter of 2014 by -75%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for OXM is 22.29 vs. an industry ratio of 22.40.
NCI Building Systems, Inc. ( NCS ) is reporting for the quarter ending July 31, 2015. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.13. This value represents a 30.00% increase compared to the same quarter last year. NCS missed the consensus earnings per share in the 2nd calendar quarter of 2015 by -100%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for NCS is 29.38 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Culp, Inc. ( CFI ) is reporting for the quarter ending July 31, 2015. The home furnishings company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.38. This value represents a 2.70% increase compared to the same quarter last year. In the past year CFI has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 9.76%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for CFI is 18.17 vs. an industry ratio of 21.10.
SeaChange International, Inc. ( SEAC ) is reporting for the quarter ending July 31, 2015. The communications company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.25. This value represents a 150.00% decrease compared to the same quarter last year. In the past year SEAC has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 38.46%. The "days to cover" for this stock exceeds 16 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for SEAC is -7.46 vs. an industry ratio of 41.20.
Mitcham Industries, Inc. ( MIND ) is reporting for the quarter ending July 31, 2015. The oil field machinery & equipment company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.26. This value represents a no change for the same quarter last year. The "days to cover" for this stock exceeds 23 days.The days to cover, as reported in the 8/14/2015 short interest update, increased 199.95% from previous report on 7/31/2015. Zacks Investment Research reports that the 2016 Price to Earnings ratio for MIND is -7.80 vs. an industry ratio of 19.80.
Crossroads Systems, Inc. ( CRDS ) is reporting for the quarter ending July 31, 2015. The computer networks company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.12. This value represents a 25.00% increase compared to the same quarter last year. CRDS missed the consensus earnings per share in the 2nd calendar quarter of 2015 by -90%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CRDS is -2.17 vs. an industry ratio of -0.20.
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, 2015. ABM missed the consensus earnings per share in the 4th calendar quarter of 2014 by -5.45%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 17.38 vs. an industry ratio of 23.00. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2015. ABM missed the consensus earnings per share in the 4th calendar quarter of 2014 by -5.45%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 17.38 vs. an industry ratio of 23.00. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2015. ABM missed the consensus earnings per share in the 4th calendar quarter of 2014 by -5.45%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 17.38 vs. an industry ratio of 23.00. | ABM missed the consensus earnings per share in the 4th calendar quarter of 2014 by -5.45%. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 17.38 vs. an industry ratio of 23.00. |
29592.0 | 2015-09-01 00:00:00 UTC | Can ABM Industries Beat Q3 Earnings on Holistic Growth? | ABM | https://www.nasdaq.com/articles/can-abm-industries-beat-q3-earnings-on-holistic-growth-2015-09-01 | nan | nan | Leading provider of facility solutions ABM Industries IncorporatedABM is scheduled to report its third-quarter fiscal 2015 results after the closing bell on Sep 2. In the last reported quarter, adjusted earnings beat the Zacks Consensus Estimate by a couple of cents. Let's see how things are shaping up for this announcement.
Key Factors to Consider
ABM Industries 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. During the lastearnings call management also reiterated that corporate restructuring initiatives were well on track to yield sustained long-term growth momentum.
During the soon-to-be-reported quarter, ABM Industries' Building & Energy Solutions expanded its HVAC (heating, ventilating, and air conditioning) business with the acquisition of CTS Services/Facility Support Services for an undisclosed amount. CTS Services/Facility Support Services have operations mainly in Texas, West VA, greater DC and Baltimore areas. It possesses expertise in providing premium HVAC services and energy solutions to government, commercial and industrial sectors. The acquisition is expected to add substantial experience in mission critical facilities to ABM's existing portfolio and expand mechanical and energy solutions business, ensuring a comprehensive set of service options.
ABM Industries' strategy entails geographic expansion through strategic acquisitions and organic growth through diligent execution of operations while maintaining desirable profit margins. The company has a healthy pipeline of future businesses with strength particularly seen in its government business. ABM Industries' Facility Solutions Group recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania. Under this program, ABM Industries will upgrade HVAC systems as well as integrate building automation and PC management systems at the courthouse. The company aims to improve energy efficiency by installing advanced HVAC systems with high efficiency boilers to regulate energy usage. This program is likely to help Wyoming County save $3.9 million in energy and operating costs over the next 15 years and lower utility costs by approximately 33%. Lucrative contracts like this not only ensure a steady revenue stream for the company, but also boost investor confidence.
Earnings Whispers
Despite the inherent strengths, our proven model does not conclusively show that ABM Industries is likely to beat earnings this quarter as it lacks the key ingredients for a success recipe.
Zacks ESP: Expected Surprise Prediction or Earnings ESP , which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is currently pegged at 0.00%. This indicates a likely in line earnings for the shares.
Zacks Rank: ABM Industries' Zacks Rank #3 (Hold) combined with a 0.00% ESP reduces the predictive power of ESP. Note that stocks with a Zacks Ranks of #1 (Strong Buy), #2 (Buy) and #3 have a significantly higher chance of beating earnings. The Sell rated stocks (#4 and #5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions momentum.
Stocks to Consider
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Five Below, Inc. FIVE , earnings ESP of +7.69% and Zacks Rank #2.
Mitcham Industries Inc. MIND , earnings ESP of +26.92% and Zacks Rank #2.
VeriFone Systems, Inc. PAY , earnings ESP of +2.56% and Zacks Rank #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. | During the soon-to-be-reported quarter, ABM Industries' Building & Energy Solutions expanded its HVAC (heating, ventilating, and air conditioning) business with the acquisition of CTS Services/Facility Support Services for an undisclosed amount. The acquisition is expected to add substantial experience in mission critical facilities to ABM's existing portfolio and expand mechanical and energy solutions business, ensuring a comprehensive set of service options. Leading provider of facility solutions ABM Industries IncorporatedABM is scheduled to report its third-quarter fiscal 2015 results after the closing bell on Sep 2. | During the soon-to-be-reported quarter, ABM Industries' Building & Energy Solutions expanded its HVAC (heating, ventilating, and air conditioning) business with the acquisition of CTS Services/Facility Support Services for an undisclosed amount. ABM Industries' Facility Solutions Group recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania. Click to get this free report VERIFONE SYSTMS (PAY): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report MITCHAM INDS (MIND): Free Stock Analysis Report To read this article on Zacks.com click here. | Zacks Rank: ABM Industries' Zacks Rank #3 (Hold) combined with a 0.00% ESP reduces the predictive power of ESP. Click to get this free report VERIFONE SYSTMS (PAY): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report FIVE BELOW INC (FIVE): Free Stock Analysis Report MITCHAM INDS (MIND): Free Stock Analysis Report To read this article on Zacks.com click here. Leading provider of facility solutions ABM Industries IncorporatedABM is scheduled to report its third-quarter fiscal 2015 results after the closing bell on Sep 2. | During the soon-to-be-reported quarter, ABM Industries' Building & Energy Solutions expanded its HVAC (heating, ventilating, and air conditioning) business with the acquisition of CTS Services/Facility Support Services for an undisclosed amount. ABM Industries' Facility Solutions Group recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania. Leading provider of facility solutions ABM Industries IncorporatedABM is scheduled to report its third-quarter fiscal 2015 results after the closing bell on Sep 2. |
29593.0 | 2015-08-28 00:00:00 UTC | Understanding Fair Valuation: A Common Sense Approach To Long-Term Investing Success | ABM | https://www.nasdaq.com/articles/understanding-fair-valuation-common-sense-approach-long-term-investing-success-2015-08-28 | nan | nan | By Chuck Carnevale :
Introduction
To understand what the intrinsic value or fair value of a common stock is, you must think like a long-term business owner and not like a stock trader. Additionally, you must think like a business owner that has no intention of selling their business. Put another way, your business generates your livelihood. Therefore, your primary focus and attention is on answering the question: how's business?
When you own your own business, you care about sales, cash flows and ultimately net profits. These are the things that make your business valuable to you simply because these are the things that produce your income.
Valuation is a Mathematical Principle and Not a Vague Concept
When I speak of valuation, I am referring to the mathematical calculation of the returns (including both capital appreciation and dividend income), which you could prudently expect to earn from the company's cash flows (earnings). Those returns should be large enough to compensate you more than you could earn from a theoretically riskless investment like a Treasury bond. If you are not being compensated for the extra risk you're taking by investing in stocks, then I believe you are paying more than you should be.
"Price Is What You Pay. Value Is What You Get"
The venerable investor Warren Buffett has a real knack of putting complex concepts and ideas into simple and easily understood terms. In my opinion, his quote, " Price is what you pay. Value is what you get " is one of the more profound and important statements he has ever uttered. If truly understood, these simple words represent perhaps some of the most important bits of investment wisdom that an investor in common stocks could ever receive.
The concept of fair valuation represents the key to receiving the full benefit that these wise words provide. Knowing the price you pay is simple and straightforward. And although many have an intuitive understanding of value, its deeper meaning is often only vaguely comprehended. Anyone who has truly made the effort to study Warren Buffett's investment philosophy understands that receiving value on the money he invests is of high importance to him.
So how do you know, when buying a stock, if you're getting value or not for your money? I contend that the answer lies in the amount of cash flow (earnings) that the business you purchase is capable of generating on your behalf. And regardless of how much cash flow the business can generate for you, its value to you will be greatly impacted by the price you pay to obtain it. If you pay too much, you get very little value, but if you pay too little, then the value you receive is greatly increased.
Therefore, if value is what you're looking for, then it's important that your attention be placed on the potential cash flows that you're expecting to receive. Unfortunately, few investors possess the presence of mind to focus on this critical element. Instead, investor attention is more commonly and intensely placed on stock price and its movement. A rising stock price is usually considered to be good, and a falling stock price is considered bad. However, prudent investors understand, recognize and acknowledge that the stock market often incorrectly prices the stock behind a business relative to its intrinsic value.
Another investing great offered his view on this important point:
Just like the Warren Buffett quote, Peter Lynch's quote is also based on the principle of sound valuation. The point is that a rising stock may be dangerously overvalued, while a falling stock price may indicate that the company is becoming a rare opportunity on sale.
Knowing the difference will materially impact not only the long-term rate of return the investor receives, but perhaps more importantly, the risk they are taking to get it. As I will illustrate later, you can dramatically overpay for even the best company. It is a truism that the stock market can, and will, inaccurately appraise the value of a business from time to time - up or down.
From what has been said so far, it should be clear that in order to receive value, you have to know how to calculate value. Then, and only then, can you be absolutely certain that you're investing in a stock and receiving value for the price you pay. However, there is an important caveat that needs to be introduced.
Just because you buy a stock at value doesn't necessarily mean that you will receive a high return. This is because value, although important, is only one component of future return. The other important component is the earnings growth rate of the business.
To clarify, you can buy a slow-growing company at sound valuation, and even at the same valuation as a faster growing company, while still earning only a modest rate of return. In fact, it could be argued that only being willing to invest at sound valuation is more critical for a slow grower than it is for a faster grower.
The rationale here is that there is very little margin for error when investing in a low growth security. Therefore, it's even more imperative that you get valuation correct. This may be one of the most confusing aspects of fair valuation, or value, that I will elaborate on later.
The Foundational Principles of Value
What gives a business (stock) value? Ultimately, any business, public or private, has its value derived from the amount of cash flow it is capable of generating for its stakeholders (stockholders). Not only will capital appreciation depend on the level of earnings, dividends are also a function of earnings. It is because of this principle that the discounted cash flow ((DCF)) method of valuing a business is so widely-accepted by scholars and professional investors. Consequently, this article on how to value a business is strongly based on utilizing fundamental valuations based on cash flows (earnings) as the primary method for assessing fair value or True Worth™ as I like to think of it as.
However, I intend to spare the reader the tedious task of evaluating or calculating long and complex mathematical formulas in order to assess fair valuation. Instead, I will focus on presenting logical explanations and straightforward discussions of the principles behind these important valuation methods. Additionally, I will provide what I hope the reader finds as easy-to-understand pictures as evidence supporting my points. Anyone who is interested in a more scholarly approach can simply Google: How to value a company using the discounted cash flow method ((DCF)).
I believe investors can possess a practical and useful understanding of the basic principles of fair value. To receive value when you buy a stock, you have to be careful that you are only paying a price that represents sound valuation. Fair valuation is only manifest when your investment in a business is supported by a strong foundation of fundamentals. These would include, but are not limited to, strong cash flow and earnings generation supported by a proven business model with prospects for continued growth.
Furthermore, the terms "value" and "valuation" though not synonymous, are very closely related. I am going to do my best to illustrate that the investor can only get value when buying a stock if they apply the discipline of sound valuation when they initially invest.
In other words, when the price you pay is at a level that equals sound valuation, then good value is what you will receive. As previously suggested, if you overpay your value will be less, and if you're fortunate enough to buy on the cheap, your long-term value will be enhanced.
Calculating Intrinsic Value with Zero Growth, Moderate Growth and Low Growth
Let's start by looking at sound valuation from the perspective of minimum to maximum levels based on rates of growth. The reader should understand that much of what I will present next represents an overly-simplistic view of valuation. However, I believe that this is the best way to lay a sound foundation of understanding of this important investing principle.
There will be subtle calibrations that investors need to apply when actually making investments in real world situations. On the other hand, the core principle will aptly apply and hold true. Let's initially look at how you would value a future stream of income that doesn't grow. A 10-year treasury bond would represent a good proxy to illustrate this principle. The interest rate is fixed and guaranteed, but it does not grow.
Common sense and logic would dictate that you would never be able to buy a Treasury bond at one times its interest. In other words, a stream of income has an intrinsic value that is some multiple of its annual income stream. To calculate current valuation, you simply divide the interest rate it pays into its price. With 10-year treasuries yielding approximately 2.2% today, you divide 2.2 (the rate) into 100 (the price) and discover that it is selling at approximately 45 ½ times interest.
Historically, this is a very high price, which means that yields are also historically low. Therefore, people, possibly still traumatized by the Great Recession, are buying Treasury bonds today because they are willing to pay the high price for the safety they perceive they are receiving. Under more normal levels of interest rates, 10-year Treasury bonds have been more typically offered at yields of 6% to 8%. Do the division and this calculates to valuations of approximately 12 to 17 times interest. Nevertheless, any investment has a value that is greater than its annual income stream, but investors should understand there are rational limits to the multiple you pay for an income stream that should not be exceeded.
Common stocks are certainly not as safe as Treasury bonds; however, the principles behind sound valuation still apply. In other words, as long as a company generates an income stream, even if it doesn't grow, it will have value that is greater than its annual income stream. Otherwise, this no growth investment would be generating cash on cash returns of 100%. Clearly, this would be illogical. Consequently, just like a Treasury bond trades at a multiple of interest, a common stock will trade at a multiple of its income stream which is generally represented as earnings. It is commonly expressed as a P/E ratio.
The reason I started with looking at a safe but no growth fixed income vehicle was to establish the minimum foundation of valuation. Historically, the average price earnings ratio that has been applied to the average company (the S&P 500) for the past 200 years has been approximately within a range of 15-16. This calculates to an earnings yield of approximately 6% to 7%.
I do not believe it is a coincidence that this also represents the long-term average return that stocks have produced. To keep my promise of keeping it simple, I additionally point out that this valuation calculation also relates to normal fixed income yields of 6% to 8% as discussed above.
Most importantly, this 15 P/E multiple should be thought of as a barometer used as the starting point for valuation calculations and not an absolute number. However, this helps explain why my three examples presented below, each with different earnings growth rates, have approximately the same fair value P/E of 15.
Utilizing the F.A.S.T. Graphs™ fundamentals analyzer software tool, my first example will review the low growth utility stock SCANA Corp. ( SCG ). In order to illustrate the low rate of earnings growth that SCANA and utility stocks in general grow at, I am utilizing the logarithmic option of the research tool. This first graph plots SCANA's earnings only since 1997. The orange line on the graph represents a P/E ratio of 15 which, as discussed above, I offer as a proxy of fair value for a company growing earnings at 3.2% per annum.
As I will introduce next, when stock prices are overlaid on the graph we should see a high correlation between price and earnings- if my thesis has any merit. In other words, we should see the price tracking the earnings line and we should also see evidence of fair valuation, overvaluation and undervaluation manifesting from time to time. More plainly stated, if the price is touching the orange line the company's stock is fairly valued, if the price is above the orange line the company's stock is overvalued, and when the price is below the orange line it is undervalued.
(click to enlarge)
This next graph on SCANA is presented arithmetically because I also include dividends represented in two forms. The light green shaded area above the orange line represents dividends after they have been paid to shareholders. The second iteration of dividends is the white line (it's actually honeydew green) that represents those same dividends as part of earnings (the dark green shaded area) prior to being paid to shareholders.
What I am asking the reader to focus on is how monthly closing stock prices (the black line) over this timeframe have closely tracked the company's earnings at a P/E ratio of 15 (the orange line). Also notice what happened every time the price fell below or above the orange P/E ratio of 15. These times represent vivid depictions of overvaluation, undervaluation and how price inevitably returns to fair valuation.
(click to enlarge)
When examining SCANA's performance over this time period, notice how capital appreciation and earnings growth are in close alignment. Also notice the contribution of dividends to total return.
(click to enlarge)
With my next example I present the Dividend Champion ABM industries Incorporated ( ABM ), a company that has increased its dividend for 48 consecutive years. This particular example has grown earnings at the average rate of 6.5% since 1996, or approximately twice as fast as we saw with our SCANA example. Nevertheless, we draw the orange valuation reference line utilizing the same fair value P/E ratio of 15.
Without presenting a long and detailed explanation, the fair value P/E ratio of 15 represents a sound proxy of fair valuation for companies with earnings growth ranging from 0%-15%. Here again, I ask that the reader keeps in mind that the fair value P/E ratio of 15 should be thought of as a valuation reference and not an absolute.
The primary principle that supports this valuation level is the fact that a P/E ratio of 15 represents an earnings yield of approximately 6.7%, which as previously stated, is also the common long-term return that stocks on average have generated. I also ask that the reader remembers that fair value is only one component of potential future returns. The second important component is the earnings growth rate that a given company achieves.
To be clear, even though I am arguing that both SCANA and ABM Industries are fairly valued at a P/E ratio of 15, this only establishes the principle of sound valuation. In other words, even though both companies are theoretically fairly valued at a P/E ratio of 15, ABM Industries is likely to generate a higher level of capital appreciation due to its faster earnings growth rate. In this regard, and as I previously suggested, fair valuation is more representative of a reasonable level of risk based on current valuation than it is on generating a higher long-term return.
Most importantly, I chose this ABM example because it also clearly validates my previous statement that the market will incorrectly price a company's stock from time to time. If you analyze the following earnings and price correlated graph closely, you will see that over the long run stock price does follow earnings. However, you will also see numerous periods of significant overvaluation (when the price is disconnected from and above the orange line).
But most importantly, these periods of significant overvaluation also vividly represent the risk I discussed above, and supports the principle that price inevitably moves back into alignment with fair value. Of course, the same principle applies on the few times that ABM's stock price became temporarily undervalued. Furthermore, this illustrates the important principle that fair valuation is not related to market timing. Instead, fair valuation is a principal of soundness supported by a foundation of fundamental values based on earnings and cash flows.
(click to enlarge)
Examining the long-term performance of ABM Industries, again we see a high correlation between earnings growth and capital appreciation. Note that the reason that capital appreciation is greater than earnings growth is because the company is currently overvalued.
(click to enlarge)
How Do You Account for P/E Ratios Below 15?
Any time you come across a company whose price earnings ratio is less than 15, which I have described as a foundational P/E ratio in this article, it's usually associated with uncertainty. A current P/E ratio below 15 might possibly imply a concern that future earnings are expected to be less than current levels. In other words, this could mean that you are paying a higher P/E ratio for these expected lower future earnings.
For example, let's assume you buy a dollar's worth of earnings today and pay $15, or a P/E ratio of 15. One year later, the dollar's worth of earnings you paid $15 for today have fallen to only $.50 worth of earnings. Therefore, you have paid a P/E ratio of 30 for those lower future earnings. Consequently, we might assume that the market may have been acting as a discounting mechanism, or as suggested, just mispricing the company.
Other uncertainties that could cause chronic low P/E ratios below the standard P/E ratio of 15 could relate to quality considerations. There are also certain sectors, the energy sector comes to mind, where the market routinely applies a lower valuation. Of course, as previously stated, uncertainty is usually associated with those lower than justified valuations. Additionally, a P/E ratio below 15 may just be an example of the market undervaluing the company, as I pointed out earlier in this article.
Calculating Fair Value on Fast-Growing Companies (15% Or Better)
Thus far, I have attempted to lay the foundation of understanding how to value a common stock. So far, I have presented low to moderate earnings growth examples and commented on collapsing earnings, which really have no value. Next I will look at companies that grow earnings at 15% or greater as I investigate the nuances of valuating this faster growth.
Extensive research over many years has led me to conclude that a P/E ratio equal to a company's earnings growth rate (P/E=EPS growth) is more appropriate for companies that grow at faster rates. In Chapter 7 of his best-selling book "One Up On Wall Street", the renowned investor Peter Lynch identified six general categories of common stocks: slow growers, stalwarts, fast growers, cyclicals, asset plays and turnarounds. This part of this article will focus on the fast grower category.
My definition of a fast grower is one that has consistently compounded earnings at 15% per annum or better over extended periods of time (five years or longer). Furthermore, the more consistent the growth has been, the better it fits my definition of a high growth stock.
This category of fast grower, Peter Lynch referred to as "superstocks" that he contended deserve the most attention from investors. The reason he believed they deserved the most attention, is because these are the stocks that will generate the highest total returns over the long run. Assuming of course you invest in them at fair value. Companies with these attributes are what Peter hunted for when he was seeking his "10 baggers" because he believed these were the most explosive stocks.
MasterCard Incorporated ( MA ) represents a classic example of a fast-growing company (stock). Earnings growth since it went public in May 2006 has averaged 26.8%. Therefore, consistent with the P/E ratio equal to the company's earnings growth rate formula, the orange line on the graph represents a fair value P/E ratio of 26.8 for this faster grower. Fair value for this high-growth company is significantly higher than what we saw with our previous examples because of the compounding power of its faster earnings growth.
Once again, utilizing this as a valuation reference, we see that stock price (the black line) follows earnings, and we also see periods of time where the stock is undervalued relative to the business as well as times when the stock is overvalued relative to the business.
(click to enlarge)
When you examine the performance associated with the above graph you see a vivid example of a "superstock" like the venerable Peter Lynch looked for. Even though the fair value P/E ratio for this example is almost twice as high as the foundational fair value P/E ratio of 15 seen in our previous examples, the earnings growth and long-term shareholder returns justifies it.
(click to enlarge)
As a bonus , I have prepared a free analyze-out-loud video on my website MisterValuation which provides a more in-depth and detailed look at fair valuation and why it's important.,
Summary
Previously I offered the idea that a P/E ratio of 15 was appropriate for companies whose growth rates fell in the range of 0% to 15%. In other words, in addition to the fact that the P/E ratio of 15 has been the average for indices like the S&P 500, there is also a logical and mathematical reality behind its validity. However, although a P/E ratio of 15 was an appropriate valuation to pay for growth of up to 15%, I also pointed out that it did not necessarily indicate the rate of return investors should expect to receive.
Also, the 15 P/E ratio should not be looked at as an absolute, instead it should be viewed as a baseline barometer or reference for fair value. In other words, the 15 P/E is a good starting point guideline to ensure that you are not overpaying and taking too much risk. Consequently, anytime you come across a moderately growing company (5%-15%), whether a blue-chip or even a moderate to high dividend payer that is trading at a P/E ratio above 15, then caution is called for. However, there are certain companies that historically have usually commanded a premium valuation. Sysco and Automatic Data Processing are two examples that come to mind. On the other hand, fair value can be present at higher P/E ratios when faster growth supports it.
The moral of the story is that the primary determinant of what investors should expect as a reasonable rate of return is the company's actual growth rate of earnings growth. To clarify, the assumption is that if a slow to moderate growing stock is bought at a reasonable P/E ratio of 15, in the long run the investor should expect to achieve capital appreciation that equates to its earnings growth rate. This of course assumes that the P/E ratio at the end of the timeframe being measured is also close to 15. If the ending P/E ratio is higher than 15, then the rate of return the investor achieves will be higher, and vice versa. Also, total returns will additionally include dividends, if any. Moreover, as previously illustrated, P/E ratios above 15 are only justified when earnings growth is also above 15%.
One of the key points about paying attention to fair value is that it positions you as an investor to achieve results commensurate with what the company is capable of generating as a business. If you overpay, the company can generate excellent results, but your returns will not keep up because you paid too much when you originally invested. Peter Lynch summarized this well in "One Up On Wall Street" when he said:
Conclusions
From the insights provided by the F.A.S.T. Graphs™ above, the relationships between valuation and earnings growth rates should be clear. They also validate the notion that the concept of fair value, or what I like to call True Worth™, should always be a consideration for investors. Valuation clearly matters, in fact, valuation matters a lot. When stocks are only viewed from the perspective of price alone, the principles behind valuation are easily missed or ignored. This can lead to very expensive investor mistakes.
Although the principles of valuation that the F.A.S.T. Graphs™ research tool is built upon are extremely relevant, they are not perfect. However, if used intelligently they can be a tremendous aid towards assisting investors in making the hard decisions of when to buy or sell a common stock. This is why we refer to them as "tools to think with." The price earnings relationships that this tool provides should be thought of as barometers or valuation references offered to think about and analyze valuation with. Their real value is in providing investors with an intelligent framework from which to make decisions upon.
As Warren Buffett has said: "the fact that people will be full of fear, greed or folly is predictable. The sequence is not predictable." The relevance of this statement implies accepting and recognizing periods of time when markets are behaving irrationally. There's no need to attempt to rationalize illogical behavior. What makes no sense - makes no sense. On the other hand, there is a great need to recognize crazy activity when it is occurring. Then, and only then, can investors protect themselves from the dangers that exist when irrational exuberance or irrational pessimism rears its ugly head.
Disclosure: Long MA, SCG at the time of writing.
Disclaimer:The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.
See also Here Is Why I Am Not Buying Realty Income Today on seekingalpha.com
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. | (click to enlarge) With my next example I present the Dividend Champion ABM industries Incorporated ( ABM ), a company that has increased its dividend for 48 consecutive years. To be clear, even though I am arguing that both SCANA and ABM Industries are fairly valued at a P/E ratio of 15, this only establishes the principle of sound valuation. In other words, even though both companies are theoretically fairly valued at a P/E ratio of 15, ABM Industries is likely to generate a higher level of capital appreciation due to its faster earnings growth rate. | (click to enlarge) With my next example I present the Dividend Champion ABM industries Incorporated ( ABM ), a company that has increased its dividend for 48 consecutive years. To be clear, even though I am arguing that both SCANA and ABM Industries are fairly valued at a P/E ratio of 15, this only establishes the principle of sound valuation. In other words, even though both companies are theoretically fairly valued at a P/E ratio of 15, ABM Industries is likely to generate a higher level of capital appreciation due to its faster earnings growth rate. | (click to enlarge) With my next example I present the Dividend Champion ABM industries Incorporated ( ABM ), a company that has increased its dividend for 48 consecutive years. To be clear, even though I am arguing that both SCANA and ABM Industries are fairly valued at a P/E ratio of 15, this only establishes the principle of sound valuation. In other words, even though both companies are theoretically fairly valued at a P/E ratio of 15, ABM Industries is likely to generate a higher level of capital appreciation due to its faster earnings growth rate. | (click to enlarge) With my next example I present the Dividend Champion ABM industries Incorporated ( ABM ), a company that has increased its dividend for 48 consecutive years. To be clear, even though I am arguing that both SCANA and ABM Industries are fairly valued at a P/E ratio of 15, this only establishes the principle of sound valuation. In other words, even though both companies are theoretically fairly valued at a P/E ratio of 15, ABM Industries is likely to generate a higher level of capital appreciation due to its faster earnings growth rate. |
29594.0 | 2015-08-18 00:00:00 UTC | ABM Industries Hits 52-Week High on Growth Drivers | ABM | https://www.nasdaq.com/articles/abm-industries-hits-52-week-high-on-growth-drivers-2015-08-18 | nan | nan | Shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.89 during yesterday's trading session, before closing a notch lower at $33.80. The undeterred rise in the shares of ABM Industries has continued since October last year, with the company touching newer heights.
Despite its strong price appreciation, this Zacks Rank #2 (Buy) stock still has the wherewithal to further drive its price upward. The stock is currently trading at a forward P/E of 18.8x and has long-term earnings growth expectation of 8.0%.
Growth Drivers
ABM Industries 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. During the lastearnings call management also reiterated that corporate restructuring initiatives were well on track to yield sustained long-term growth momentum.
Moving forward, ABM Industries' strategy entails geographic expansion through strategic acquisitions and organic growth through diligent execution of operations while maintaining desirable profit margins. The company has a healthy pipeline of future businesses with strength particularly seen in its government business. The company expects to improve its profitability in the coming quarters with seamless integration of acquired businesses and newer contracts.
ABM Industries' Facility Solutions Group recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania. Under this program, ABM Industries will upgrade heating, ventilation and air conditioning (HVAC) systems as well as integrate building automation and PC management systems at the courthouse. The company aims to improve the energy efficiency by installing advanced HVAC systems with high efficiency boilers to regulate energy usage. This program is likely to help Wyoming County save $3.9 million in energy and operating costs over the next 15 years and lower utility costs by approximately 33%. Lucrative contracts like this not only ensure a steady revenue stream for the company, but also boost investor confidence to catapult the share price to newer 52-week highs.
Other Stocks to Consider
Other stocks that look promising and are worth considering now in the industry include The Hackett Group, Inc. HCKT , Accenture plc ACN and ServiceMaster Global Holdings, Inc. SERV , each carrying a Zacks Rank #2 (Buy).
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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 leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.89 during yesterday's trading session, before closing a notch lower at $33.80. Moving forward, ABM Industries' strategy entails geographic expansion through strategic acquisitions and organic growth through diligent execution of operations while maintaining desirable profit margins. The undeterred rise in the shares of ABM Industries has continued since October last year, with the company touching newer heights. | Click to get this free report ACCENTURE PLC (ACN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report HACKETT GROUP (HCKT): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.89 during yesterday's trading session, before closing a notch lower at $33.80. The undeterred rise in the shares of ABM Industries has continued since October last year, with the company touching newer heights. | ABM Industries' Facility Solutions Group recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania. Click to get this free report ACCENTURE PLC (ACN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report HACKETT GROUP (HCKT): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.89 during yesterday's trading session, before closing a notch lower at $33.80. | ABM Industries' Facility Solutions Group recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania. Shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.89 during yesterday's trading session, before closing a notch lower at $33.80. The undeterred rise in the shares of ABM Industries has continued since October last year, with the company touching newer heights. |
29595.0 | 2015-08-13 00:00:00 UTC | ABM's Energy Solutions to Improvise Public Buildings | ABM | https://www.nasdaq.com/articles/abms-energy-solutions-to-improvise-public-buildings-2015-08-13 | nan | nan | ABM Building & Energy Solutions, a division of ABM Industries Inc.'sABM Facility Solutions Group, recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania.
Under this program, ABM will upgrade heating, ventilation and air conditioning (HVAC) systems as well as integrate building automation and PC management systems at the courthouse. It aims to improve the energy efficiency by installing advanced HVAC systems with high efficiency boilers to regulate energy usage. This program is likely to help Wyoming County save $3.9 million in energy and operating costs over the next 15 years and lower utility costs by approximately 33%.
The company aims to provide efficient and cost-effective solutions to its clients and give advice on solutions that reduce energy and operating costs without impacting tax payers. This program is also in sync with its vision of becoming a single-source service provider for all facility services.
ABM, a leading provider of facility solutions, provides engineering, janitorial, parking, and security services to thousands of commercial, industrial, institutional, and retail facilities. The company has realigned 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.
ABM currently holds a Zacks Rank #2 (Buy). Other stocks that look promising and are worth a look include Team, Inc. TISI , carrying a Zacks Rank #1 (Strong Buy), along with ServiceMaster Global Holdings, Inc. SERV and Campbell Soup Company CPB , both carrying a Zacks Rank #2 (Buy).
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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 Building & Energy Solutions, a division of ABM Industries Inc.'sABM Facility Solutions Group, recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania. Under this program, ABM will upgrade heating, ventilation and air conditioning (HVAC) systems as well as integrate building automation and PC management systems at the courthouse. ABM, a leading provider of facility solutions, provides engineering, janitorial, parking, and security services to thousands of commercial, industrial, institutional, and retail facilities. | ABM Building & Energy Solutions, a division of ABM Industries Inc.'sABM Facility Solutions Group, recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania. Click to get this free report CAMPBELL SOUP (CPB): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. Under this program, ABM will upgrade heating, ventilation and air conditioning (HVAC) systems as well as integrate building automation and PC management systems at the courthouse. | ABM Building & Energy Solutions, a division of ABM Industries Inc.'sABM Facility Solutions Group, recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania. Click to get this free report CAMPBELL SOUP (CPB): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. Under this program, ABM will upgrade heating, ventilation and air conditioning (HVAC) systems as well as integrate building automation and PC management systems at the courthouse. | ABM Building & Energy Solutions, a division of ABM Industries Inc.'sABM Facility Solutions Group, recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania. Click to get this free report CAMPBELL SOUP (CPB): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. Under this program, ABM will upgrade heating, ventilation and air conditioning (HVAC) systems as well as integrate building automation and PC management systems at the courthouse. |
29596.0 | 2015-07-07 00:00:00 UTC | ABM Industries (ABM) Passes Through 2% Yield Mark | ABM | https://www.nasdaq.com/articles/abm-industries-abm-passes-through-2-yield-mark-2015-07-07 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , in trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.64), with the stock changing hands as low as $31.88 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF ( IWV ) back on 5/31/2000 - you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
ABM makes up 3.56% of the Environmental Services ETF (Symbol: EVX)
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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. | Looking at the universe of stocks we cover at Dividend Channel , in trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.64), with the stock changing hands as low as $31.88 on the day. ABM makes up 3.56% of the Environmental Services ETF (Symbol: EVX) Click here to find out which 9 other dividend stocks just recently went on sale » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. | Looking at the universe of stocks we cover at Dividend Channel , in trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.64), with the stock changing hands as low as $31.88 on the day. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield. | Looking at the universe of stocks we cover at Dividend Channel , in trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.64), with the stock changing hands as low as $31.88 on the day. ABM makes up 3.56% of the Environmental Services ETF (Symbol: EVX) Click here to find out which 9 other dividend stocks just recently went on sale » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. | Looking at the universe of stocks we cover at Dividend Channel , in trading on Tuesday, shares of ABM Industries, Inc. (Symbol: ABM) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.64), with the stock changing hands as low as $31.88 on the day. ABM Industries, Inc. (Symbol: ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield. |
29597.0 | 2015-06-29 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for June 30, 2015 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-june-30-2015-2015-06-29 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on June 30, 2015. A cash dividend payment of $0.16 per share is scheduled to be paid on August 03, 2015. 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 $33.32, the dividend yield is 1.92%.
The previous trading day's last sale of ABM was $33.32, representing a -1.1% decrease from the 52 week high of $33.69 and a 37.57% increase over the 52 week low of $24.22.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and Aercap Holdings N.V. ( AER ). ABM's current earnings per share, an indicator of a company's profitability, is $1.46. Zacks Investment Research reports ABM's forecasted earnings growth in 2015 as 13.91%, compared to an industry average of 14.4%.
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:
Guggenheim S&P Smallcap 600 Pure Value ETF ( RZV ).
The top-performing ETF of this group is RZV with an increase of 7.3% over the last 100 days. It also has the highest percent weighting of ABM at 0.85%.
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 Aercap Holdings N.V. ( AER ). Zacks Investment Research reports ABM's forecasted earnings growth in 2015 as 13.91%, compared to an industry average of 14.4%. | ABM's current earnings per share, an indicator of a company's profitability, is $1.46. 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 June 30, 2015. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on June 30, 2015. 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: Guggenheim S&P Smallcap 600 Pure Value ETF ( RZV ). | ABM's current earnings per share, an indicator of a company's profitability, is $1.46. The following ETF(s) have ABM as a top-10 holding: Guggenheim S&P Smallcap 600 Pure Value ETF ( RZV ). ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on June 30, 2015. |
29598.0 | 2015-06-23 00:00:00 UTC | ABM Industries Hits New 52-Week High on Stellar Q2 Results - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-industries-hits-new-52-week-high-on-stellar-q2-results-analyst-blog-2015-06-23 | nan | nan | Buoyed by healthy second-quarter fiscal 2015 results, shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.69 during yesterday's trading session, before closing a notch lower at $33.42. ABM's share prices have been on an uptrend since October last year.
Despite its strong price appreciation, this Zacks Rank #2 (Buy) stock still has the wherewithal to further drive its price upward. The stock is currently trading at a forward P/E of 18.6x and has long-term earnings growth expectation of 8.0%.
Growth Drivers
Early this month, ABM Industries reported stellar second-quarter fiscal 2015 results driven by healthy organic and inorganic growth. Adjusted earnings for the quarter came in at 37 cents per share, which exceeded the Zacks Consensus Estimate by a couple of cents. The adjusted earnings per share also compared favorably with the year-ago adjusted tally of 33 cents.
GAAP earnings for the reported quarter were $18.3 million or 32 cents per share compared with $15.2 million or 27 cents per share in the year-earlier quarter. The year-over-year increase in earnings was primarily attributable to record revenues for the quarter. Total revenue increased 3.2% year over year to an all-time quarterly high of $1,270.1 million.
ABM Industries' strategy entails geographic expansion through strategic acquisitions and organic growth through diligent execution of operations while maintaining desirable profit margins. The company has a healthy pipeline of future businesses with strength particularly seen in its government business. The company expects to improve its profitability in the coming quarters with seamless integration of acquired businesses and newer contracts. During the lastearnings call management also reiterated that corporate restructuring initiatives were well on track to yield sustained long-term growth momentum.
ABM Industries' Building & Energy Solutions Group recently expanded its HVAC (heating, ventilating, and air conditioning) and Energy Solutions business with the acquisition of CTS Services/Facility Support Services for an undisclosed amount. CTS Services/Facility Support Services have operations mainly in Texas, West VA, greater DC and Baltimore areas. It possesses expertise in providing premium HVAC services and energy solutions to government, commercial and industrial sectors.
The acquisition is expected to add substantial experience in mission critical facilities to ABM Industries' existing portfolio. Furthermore, CTS Services/Facility Support Services is likely to expand ABM Industries' mechanical and energy solutions business, ensuring that ABM Industries' current clients have a comprehensive set of service options.
Other Stocks to Consider
Other stocks that look promising and are worth considering now in the industry include The Hackett Group, Inc. HCKT , CRA International Inc. CRAI and FTI Consulting, Inc. FCN , each carrying a Zacks Rank #2 (Buy).
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CRA INTL INC (CRAI): Free Stock Analysis Report
FTI CONSULTING (FCN): Free Stock Analysis Report
ABM INDUSTRIES (ABM): Free Stock Analysis Report
HACKETT GROUP (HCKT): 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. | Buoyed by healthy second-quarter fiscal 2015 results, shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.69 during yesterday's trading session, before closing a notch lower at $33.42. ABM Industries' strategy entails geographic expansion through strategic acquisitions and organic growth through diligent execution of operations while maintaining desirable profit margins. ABM's share prices have been on an uptrend since October last year. | Buoyed by healthy second-quarter fiscal 2015 results, shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.69 during yesterday's trading session, before closing a notch lower at $33.42. Click to get this free report CRA INTL INC (CRAI): Free Stock Analysis Report FTI CONSULTING (FCN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report HACKETT GROUP (HCKT): Free Stock Analysis Report To read this article on Zacks.com click here. ABM's share prices have been on an uptrend since October last year. | Furthermore, CTS Services/Facility Support Services is likely to expand ABM Industries' mechanical and energy solutions business, ensuring that ABM Industries' current clients have a comprehensive set of service options. Click to get this free report CRA INTL INC (CRAI): Free Stock Analysis Report FTI CONSULTING (FCN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report HACKETT GROUP (HCKT): Free Stock Analysis Report To read this article on Zacks.com click here. Buoyed by healthy second-quarter fiscal 2015 results, shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.69 during yesterday's trading session, before closing a notch lower at $33.42. | Growth Drivers Early this month, ABM Industries reported stellar second-quarter fiscal 2015 results driven by healthy organic and inorganic growth. Buoyed by healthy second-quarter fiscal 2015 results, shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.69 during yesterday's trading session, before closing a notch lower at $33.42. ABM's share prices have been on an uptrend since October last year. |
29599.0 | 2015-06-03 00:00:00 UTC | ABM Beats Earnings on Record Q2 Revenues, Retains View - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-beats-earnings-on-record-q2-revenues-retains-view-analyst-blog-2015-06-03 | nan | nan | ABM Industries IncorporatedABM reported second-quarter fiscal 2015 adjusted earnings of 37 cents per share, which exceeded the Zacks Consensus Estimate by a couple of cents. The adjusted earnings per share also compared favorably with the year-ago adjusted tally of 33 cents.
GAAP earnings for the reported quarter were $18.3 million or 32 cents per share compared with $15.2 million or 27 cents per share in the year-earlier quarter. The year-over-year increase in earnings was primarily attributable to record revenues for the second quarter, driven by healthy organic and inorganic growth.
Total revenue increased 3.2% year over year to an all-time quarterly high of $1,270.1 million with 3.2% organic growth and accretive acquisitions. Revenues for the reported quarter, however, missed the Zacks Consensus Estimate of $1,282 million.
Segment Performance
Quarterly revenues for the Janitorial segment increased 4.4% year over year to $659.5 million due to new contract wins, healthy tag sales and accretive acquisitions. Segment operating profit improved 7.3% to $39.9 million owing to lower labor costs associated with safety initiatives, realignment savings and new business.
Revenues from the Facility Services segment declined 2.5% year over year to $145.8 million, while operating profit increased 32.0% to $6.6 million.
Revenues from the Parking segment were up 0.6% year over year to $153.5 million, while operating profit expanded 11.7% to $6.7 million due to stringent cost management.
The Security segment revenues decreased marginally to $93.7 million from $93.8 million in the year-ago quarter. Operating profit was up 30.0% to $2.6 million.
Revenues from the Building & Energy Solutions segment were up 2.5% to $121.5 million, driven by strong inorganic growth and contribution from new jobs. Operating profit, however, declined 8.6% to $3.2 million due to lower project-oriented revenues owing to seasonality issues.
Revenues from Other segment improved 12.8% year over year to $96.1 million due to strong organic growth in Air Serv, while operating profit increased 25.0% to $3.0 million.
Total adjusted operating profit improved 5% year over year to $35.9 million, while total adjusted EBITDA increased 6.3% to $52.5 million.
ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. The company expects to improve its profitability in the coming quarters with seamless integration of acquired businesses and newer contracts. Management also reiterated that corporate restructuring initiatives were well on track to yield sustained long-term growth momentum.
CTS Acquisition
Subsequent to the quarter end, ABM's Building & Energy Solutions expanded its HVAC (heating, ventilating, and air conditioning) business with the acquisition of CTS Services/Facility Support Services for an undisclosed amount.
CTS Services/Facility Support Services have operations mainly in Texas, West VA, greater DC and Baltimore areas. It possesses expertise in providing premium HVAC services and energy solutions to government, commercial and industrial sectors. The acquisition is expected to add substantial experience in mission critical facilities to ABM's existing portfolio and expand mechanical and energy solutions business, ensuring a comprehensive set of service options.
Financial Position
Cash and cash equivalents at quarter end were $30.4 million. Net cash provided by operations was $71.4 million compared with $76.6 million in the prior-year period. Total outstanding debt was $307.0 million with $376.9 million of borrowing capacity available under its $800.0 million line of credit.
ABM maintained its quarterly cash dividend of 16 cents per share for the third quarter, which represents its 197th consecutive quarterly dividend payment. The company also repurchased 313,242 shares for $10.0 million during the quarter.
Outlook
ABM reiterated its guidance for fiscal 2015. The company continues to expect adjusted income in the range of $1.75 to $1.85 per share. GAAP net income is expected to range from $1.55 to $1.65 per share.
Moving Forward
ABM's strategy entails growth through acquisitions. The company expects to extend its global footprint as well as strengthen its position in existing markets through successful integration and organic growth across industry verticals.
ABM presently has a Zacks Rank #2 (Buy). Other players in the industry that warrant a look include CBIZ, Inc. CBZ , CRA International Inc. CRAI and FTI Consulting, Inc. FCN , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CRA INTL INC (CRAI): Free Stock Analysis Report
FTI CONSULTING (FCN): Free Stock Analysis Report
ABM INDUSTRIES (ABM): Free Stock Analysis Report
CBIZ INC (CBZ): 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. | The acquisition is expected to add substantial experience in mission critical facilities to ABM's existing portfolio and expand mechanical and energy solutions business, ensuring a comprehensive set of service options. ABM Industries IncorporatedABM reported second-quarter fiscal 2015 adjusted earnings of 37 cents per share, which exceeded the Zacks Consensus Estimate by a couple of cents. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. | CTS Acquisition Subsequent to the quarter end, ABM's Building & Energy Solutions expanded its HVAC (heating, ventilating, and air conditioning) business with the acquisition of CTS Services/Facility Support Services for an undisclosed amount. Click to get this free report CRA INTL INC (CRAI): Free Stock Analysis Report FTI CONSULTING (FCN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM reported second-quarter fiscal 2015 adjusted earnings of 37 cents per share, which exceeded the Zacks Consensus Estimate by a couple of cents. | Click to get this free report CRA INTL INC (CRAI): Free Stock Analysis Report FTI CONSULTING (FCN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM reported second-quarter fiscal 2015 adjusted earnings of 37 cents per share, which exceeded the Zacks Consensus Estimate by a couple of cents. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. | CTS Acquisition Subsequent to the quarter end, ABM's Building & Energy Solutions expanded its HVAC (heating, ventilating, and air conditioning) business with the acquisition of CTS Services/Facility Support Services for an undisclosed amount. ABM Industries IncorporatedABM reported second-quarter fiscal 2015 adjusted earnings of 37 cents per share, which exceeded the Zacks Consensus Estimate by a couple of cents. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. |
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