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29600.0 | 2015-06-03 00:00:00 UTC | Daily Dividend Report: UNH, WRB, DVN, VGR, ABM | ABM | https://www.nasdaq.com/articles/daily-dividend-report-unh-wrb-dvn-vgr-abm-2015-06-03 | nan | nan | UnitedHealth Group ( UNH ) authorized payment of a cash dividend of $0.50 per share, to be paid on June 24, 2015, to all shareholders of record of UnitedHealth Group common stock as of the close of business on June 15, 2015. This dividend represents a 33 percent increase over the quarterly dividend of $0.375 per share the Company has been paying since the second quarter of 2014.
W. R. Berkley Corporation ( WRB ) has voted to increase the cash dividend to an annual rate of 48 cents per share, representing a 9% increase from the present rate. The first quarterly dividend at the new rate of 12 cents per share will be paid on July 1, 2015 to stockholders of record at the close of business on June 15, 2015.
Devon Energy ( DVN ) declared a quarterly cash dividend on Devon's common stock for the third quarter of 2015. The dividend is payable on Sept. 30, 2015, at a rate of $0.24 per share based on a record date of Sept. 15, 2015.
Vector Group ( VGR ) has declared a regular quarterly cash dividend on its common stock of $0.40 per share. The quarterly cash dividend will be payable on June 30, 2015 to holders of record as of June 17, 2015.
ABM ( ABM ) has declared a third quarter cash dividend of $0.160 per common share payable on August 3, 2015 to stockholders of record on July 2, 2015.
VIDEO: Daily Dividend Report: UNH, WRB, DVN, VGR, ABM
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM ( ABM ) has declared a third quarter cash dividend of $0.160 per common share payable on August 3, 2015 to stockholders of record on July 2, 2015. VIDEO: Daily Dividend Report: UNH, WRB, DVN, VGR, ABM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. UnitedHealth Group ( UNH ) authorized payment of a cash dividend of $0.50 per share, to be paid on June 24, 2015, to all shareholders of record of UnitedHealth Group common stock as of the close of business on June 15, 2015. | ABM ( ABM ) has declared a third quarter cash dividend of $0.160 per common share payable on August 3, 2015 to stockholders of record on July 2, 2015. VIDEO: Daily Dividend Report: UNH, WRB, DVN, VGR, ABM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Devon Energy ( DVN ) declared a quarterly cash dividend on Devon's common stock for the third quarter of 2015. | ABM ( ABM ) has declared a third quarter cash dividend of $0.160 per common share payable on August 3, 2015 to stockholders of record on July 2, 2015. VIDEO: Daily Dividend Report: UNH, WRB, DVN, VGR, ABM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. UnitedHealth Group ( UNH ) authorized payment of a cash dividend of $0.50 per share, to be paid on June 24, 2015, to all shareholders of record of UnitedHealth Group common stock as of the close of business on June 15, 2015. | ABM ( ABM ) has declared a third quarter cash dividend of $0.160 per common share payable on August 3, 2015 to stockholders of record on July 2, 2015. VIDEO: Daily Dividend Report: UNH, WRB, DVN, VGR, ABM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. W. R. Berkley Corporation ( WRB ) has voted to increase the cash dividend to an annual rate of 48 cents per share, representing a 9% increase from the present rate. |
29601.0 | 2015-06-02 00:00:00 UTC | ABM Inks Deal to Provide Facilities Management Services - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-inks-deal-to-provide-facilities-management-services-analyst-blog-2015-06-02 | nan | nan | Business services provider ABM Industries Incorporated ABM recently announced its decision to provide integrated facility solutions for Kuehne + Nagel branches and distribution centres across the U.S.
ABM aims to provide a full array of building and facilities management services to Kuehne + Nagel's various facilities including office space, warehouses and distribution centers for pharmaceutical and healthcare, retail and automotive companies. Leveraging ABM's expertise, the branches are likely to receive reliable service, cost and performance measurement.
With this contract, ABM is likely to become the largest provider of facility services in the distribution space. Back to back contract wins are likely to augment the revenues of the company. The company aims to provide efficient and cost-effective solutions to its clients, which further helps it to run the businesses in an effective manner.
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 considering now in the industry include CoreLogic, Inc. CLGX , NV5 Holdings, Inc NVEE carrying a Zacks Rank #1 (Strong Buy) and Rollins Inc ROL carrying a Zacks Rank #2 (Buy).
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ABM INDUSTRIES (ABM): Free Stock Analysis Report
ROLLINS INC (ROL): Free Stock Analysis Report
CORELOGIC INC (CLGX): Free Stock Analysis Report
NV5 HOLDING INC (NVEE): 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. | 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. Business services provider ABM Industries Incorporated ABM recently announced its decision to provide integrated facility solutions for Kuehne + Nagel branches and distribution centres across the U.S. ABM aims to provide a full array of building and facilities management services to Kuehne + Nagel's various facilities including office space, warehouses and distribution centers for pharmaceutical and healthcare, retail and automotive companies. Leveraging ABM's expertise, the branches are likely to receive reliable service, cost and performance measurement. | Business services provider ABM Industries Incorporated ABM recently announced its decision to provide integrated facility solutions for Kuehne + Nagel branches and distribution centres across the U.S. ABM aims to provide a full array of building and facilities management services to Kuehne + Nagel's various facilities including office space, warehouses and distribution centers for pharmaceutical and healthcare, retail and automotive companies. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report NV5 HOLDING INC (NVEE): Free Stock Analysis Report To read this article on Zacks.com click here. Leveraging ABM's expertise, the branches are likely to receive reliable service, cost and performance measurement. | Business services provider ABM Industries Incorporated ABM recently announced its decision to provide integrated facility solutions for Kuehne + Nagel branches and distribution centres across the U.S. ABM aims to provide a full array of building and facilities management services to Kuehne + Nagel's various facilities including office space, warehouses and distribution centers for pharmaceutical and healthcare, retail and automotive companies. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report NV5 HOLDING INC (NVEE): Free Stock Analysis Report To read this article on Zacks.com click here. Leveraging ABM's expertise, the branches are likely to receive reliable service, cost and performance measurement. | Business services provider ABM Industries Incorporated ABM recently announced its decision to provide integrated facility solutions for Kuehne + Nagel branches and distribution centres across the U.S. ABM aims to provide a full array of building and facilities management services to Kuehne + Nagel's various facilities including office space, warehouses and distribution centers for pharmaceutical and healthcare, retail and automotive companies. With this contract, ABM is likely to become the largest provider of facility services in the distribution space. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report NV5 HOLDING INC (NVEE): Free Stock Analysis Report To read this article on Zacks.com click here. |
29602.0 | 2015-06-02 00:00:00 UTC | U.S. Stock Market Futures Slide in Pre-Market Trading Today | ABM | https://www.nasdaq.com/articles/us-stock-market-futures-slide-pre-market-trading-today-2015-06-02 | nan | nan | MoneyMorning.com Report -
Here's a look at some pre-market trading , earnings reports, top stock market news, and stocks to watch based on today's market moves...
Stock Futures Today
U.S. stock futures for Tuesday, June 2, forecasted a decline. Dow futures forecasted a 20-point decrease from yesterday's Dow close, while S&P futures were down 3.25 points. This is all as investors keep an eye on the debt situation in Greece and as auto companies plan to release monthly auto sales data.
On Monday, the government announced that U.S. consumer spending stalled in April as households increased saving. The news suggests that the U.S. economy is struggling to gain traction at the onset of the second quarter. The DJIA rose 33 points after stronger-than-expected economic data and news of another huge deal in the semiconductor industry.
Top News in the Stock Market Today
The Stock Market Today: Investors will focus on the April factory orders report. Economists anticipate zero change to orders level for the month, after the index increased 2.1% in March. In addition, auto companies will report light vehicle and truck sales for May. Looking abroad, the Reserve Bank of Australia announced it is holding its interest rate at its historic low of 2%.
Greek Tragedy: Details have emerged on Greece's current debt deal. The nation must repay four loans (totally 1.6 million euros) to the International Monetary Fund in June, beginning with a 300 million euro payment on June 5. International creditors in France, Germany, and Greece said they are working hard to prevent the country from defaulting or leaving the European Union.
Earnings Reports: Companies reporting earnings this morning include ABM Industries Inc. ( ABM ), Violin Memory Inc. (Nasdaq: VMEM), Medtronic PLC (Nasdaq: MDT), Dollar General Corp. ( DG ), GUESS? Inc. ( GES ), Ambarella Inc. (Nasdaq: AMBA), Conns Inc. (Nasdaq: CONN), Cracker Barrel Old Country Store Inc. (Nasdaq: CBRL).
Oil Prices Today: Oil prices were on the rise ahead of this week's OPEC meeting and news that the U.S. dollar fell. WTI crude futures for July ticked up 0.4% this morning to hit $60.47 per barrel. Meanwhile, Brent oil was down 0.2% to hit $64.74 per barrel.
Pre-Market Movers in the Stock Market Today:
Pre-Market Movers No. 1, DG: Shares of Dollar General Corp. ( DG ) were up 3.4% in pre-market trading this morning after the company beat earnings expectations. The discount retailer announced quarterly earnings of $0.84, besting Wall Street expectations by 3 cents. Despite the stronger earnings report, the company said that revenues were below expectations.
Pre-Market Movers No. 2,PVH: Shares of PVH Corp. ( PVH ) were up 3.4% in pre-market trading after the global apparel company beat Wall Street quarterly earnings expectations handily. The firm reported per-share adjusted earnings of $1.50, when consensus opinion called for $1.38 per share. The owner of Calvin Klein and other popular brands said they will implement a $500 million stock buyback program and hiked its full-year outlook.
Pre-Market Movers No. 3, ZION: Shares of financial holding firm Zions Bancorporation (Nasdaq ZION) were up 5.6% in pre-market trading after the company announced details of its ongoing restructuring process. The company plans to consolidate seven bank charters into one single charter, a plan that is expected to reduce annual operational costs by roughly $120 million.
Stocks to Watch Today: MOLY, LUV, AAPL
Stocks to Watch No. 1, MOLY: Shares of rare earths miner MolycorpInc. ( MCP ) continue to crater on news that the firm missed a $32.5 million interest payment on its senior creditors. The news suggests that the flailing miner could announce its bankruptcy later this month.
Stocks to Watch No.2, LUV: Airline stocks are sliding this morning after NBC reported that airlines have received multiple bomb threats. Stocks like Southwest Airlines Co. (LUV), United Continental Holdings Inc. (UAL), American Airlines Group Inc. (Nasdaq: AAL), and Delta Air Lines, Inc. (DAL) were declining in pre-market trading.
Stocks to Watch No. 3, AAPL: Re/Code reported this morning that Apple Inc. (Nasdaq: AAPL) plans to introduce a new music services during the company's Worldwide Developers Conference next week. Despite speculation, the Wall Street Journal reports that the company will not be offering any update to its highly anticipated subscription TV service during the conference.
Today's U.S. Economic Calendar (all times EST)
Gallup US ECI at 8:30 a.m.
Redbook at 8:55 a.m.
Factory Orders at 10 a.m.
4-Week Bill Auction at 11:30 a.m.
What Investors Must Know This Week
Your Guide to the Upcoming Snapchat IPO
How to Profit from the Coming Energy Debt Bubble
Invest Like Warren Buffett? Don't Try This at Home
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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. | Earnings Reports: Companies reporting earnings this morning include ABM Industries Inc. ( ABM ), Violin Memory Inc. (Nasdaq: VMEM), Medtronic PLC (Nasdaq: MDT), Dollar General Corp. ( DG ), GUESS? Factory Orders at 10 a.m. 4-Week Bill Auction at 11:30 a.m. What Investors Must Know This Week Your Guide to the Upcoming Snapchat IPO How to Profit from the Coming Energy Debt Bubble Invest Like Warren Buffett? Our experts - who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV - deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. | Earnings Reports: Companies reporting earnings this morning include ABM Industries Inc. ( ABM ), Violin Memory Inc. (Nasdaq: VMEM), Medtronic PLC (Nasdaq: MDT), Dollar General Corp. ( DG ), GUESS? MoneyMorning.com Report - Here's a look at some pre-market trading , earnings reports, top stock market news, and stocks to watch based on today's market moves... Stock Futures Today U.S. stock futures for Tuesday, June 2, forecasted a decline. 1, DG: Shares of Dollar General Corp. ( DG ) were up 3.4% in pre-market trading this morning after the company beat earnings expectations. | Earnings Reports: Companies reporting earnings this morning include ABM Industries Inc. ( ABM ), Violin Memory Inc. (Nasdaq: VMEM), Medtronic PLC (Nasdaq: MDT), Dollar General Corp. ( DG ), GUESS? MoneyMorning.com Report - Here's a look at some pre-market trading , earnings reports, top stock market news, and stocks to watch based on today's market moves... Stock Futures Today U.S. stock futures for Tuesday, June 2, forecasted a decline. Top News in the Stock Market Today The Stock Market Today: Investors will focus on the April factory orders report. | Earnings Reports: Companies reporting earnings this morning include ABM Industries Inc. ( ABM ), Violin Memory Inc. (Nasdaq: VMEM), Medtronic PLC (Nasdaq: MDT), Dollar General Corp. ( DG ), GUESS? MoneyMorning.com Report - Here's a look at some pre-market trading , earnings reports, top stock market news, and stocks to watch based on today's market moves... Stock Futures Today U.S. stock futures for Tuesday, June 2, forecasted a decline. Top News in the Stock Market Today The Stock Market Today: Investors will focus on the April factory orders report. |
29603.0 | 2015-06-01 00:00:00 UTC | What the Dow Jones Industrial Average (DJIA) Did Today | ABM | https://www.nasdaq.com/articles/what-dow-jones-industrial-average-djia-did-today-2015-06-01 | nan | nan | MoneyMorning.com Report - For June 1, 2015, here's how the Dow Jones Industrial Average (DJIA) did today, earnings reports, the topstock market news and stocks to watch based on today's market moves...
What Did the Dow, S&P 500, and Nasdaq Do Today?
Dow: 18,040.37, +29.69,+0.16%
S&P 500: 2,111.73, +4.34,+0.21%
Nasdaq: 5,082.93, +12.90,+0.25%
On Monday, the DJIA rose 29.69 points after stronger than expected economic data and news of another huge deal in the semiconductor industry.
The S&P 500 Volatility Index (VIX), the market's fear gauge, was flat on the day.
Top Stock Market News for the DJIA, S&P 500 Today
Market Recap: Today, the Institute for Supply Management said domestic manufacturing growth surged in May for the first time in six months. The industry firm said new orders and new hires propelled growth. The news was positive after Friday's revised GDP report that indicated the U.S. economy retracted in the first quarter by negative 0.7%. Meanwhile, in China, HSBC released its final May PMI data. The PMI reversed from a series of monthly contractions, registering a reading of 50.2.
Fed Focus: Boston Fed President Eric Rosengren said this morning that there was little reasoning for the Federal Reserve to begin raising interest rates in the face of a weak economic recovery. During a speech Monday, Rosengren dismantled the Federal Reserve and Commerce Department's excuse that winter weather was responsible for slow growth in the first quarter. Bonus - have you heard about the Fed's stock market manipulation? Continue reading here...
On Tap This Week: Investors will focus on the April factory orders report. Economists anticipate zero change to orders level for the month, after the index increased 2.1% in March. Companies reporting earnings tomorrow include ABM Industries Inc. ( ABM ), Violin Memory Inc. (Nasdaq: VMEM), Medtronic Plc. (Nasdaq: MDT), Dollar General Corp. ( DG ), GUESS? Inc. ( GES ), Ambarella Inc. (Nasdaq: AMBA), Conns Inc. (Nasdaq: CONN), and Cracker Barrel Old Country Store Inc. (Nasdaq: CBRL).
Stocks to Watch: BMY, INTC, ALTR, AVGO, BRCM, MSFT, GPRO
Stocks to Watch No. 1, BMY: Shares of Bristol-Myers Squibb Co. ( BMY ) rose nearly 3% on news that the Food and Drug Administration has accepted an application for the firm's combination melanoma treatment. Meanwhile, shares of ImmunoGen Inc. (Nasdaq: IMGN) surged more than 71% after the cancer drug manufacturer announced positive data at a healthcare conference.
Stocks to Watch No. 2, INTC: Shares of Intel Corp. (Nasdaq: INTC) slipped 1.6% on news that it is finalizing a deal to purchase Altera Corp. (Nasdaq: ALTR) for roughly $16.7 billion. Altera shares were up nearly 6% today. It has been a busy week for the rapidly consolidating semiconductor sector. Last Thursday, Avago Technologies Ltd. (Nasdaq: AVGO) announced plans to purchase rival Broadcom Corp. (Nasdaq: BRCM) for $37 billion. For a breakdown of why the Altera deal is so critical for Intel, read our review of this deal right here.
Stocks to Watch No. 3, MSFT: Shares of Microsoft Corp. (Nasdaq: MSFT) jumped more than 1.2% after TheWall Street Journal reported the firm purchased a German startup. The company also announced it will release its Windows 10 operating system on July 29. The tech giant had said in previous months that the new software would be available "this summer," although a date or month had not been announced.
Stocks to Watch No.4, SINA: Shares of SINA Corp. (Nasdaq: SINA) surged more than 23% on news that its chairman and CEO, Charles Chao, will purchase 11 million shares for $456 million in cash. Here's why insider buying is a signal investors don't want to ignore...
Stocks to Watch No.5, GPRO: Shares of GoPro Inc. (Nasdaq: GPRO) surged more than 5.5% on news the firm has added an inexpensive touchscreen camera to its product lineup of Hero devices. That is much-needed good news for the company after a story earlier in the day said privacy concerns have been raised about the security of GoPro cameras. Security firm Pen Test Partners announced that it discovered a way hackers can assume control of a user's camera while it is turned off.
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Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
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. | Companies reporting earnings tomorrow include ABM Industries Inc. ( ABM ), Violin Memory Inc. (Nasdaq: VMEM), Medtronic Plc. During a speech Monday, Rosengren dismantled the Federal Reserve and Commerce Department's excuse that winter weather was responsible for slow growth in the first quarter. Our experts - who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV - deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. | Companies reporting earnings tomorrow include ABM Industries Inc. ( ABM ), Violin Memory Inc. (Nasdaq: VMEM), Medtronic Plc. MoneyMorning.com Report - For June 1, 2015, here's how the Dow Jones Industrial Average (DJIA) did today, earnings reports, the topstock market news and stocks to watch based on today's market moves... What Did the Dow, S&P 500, and Nasdaq Do Today? Stocks to Watch: BMY, INTC, ALTR, AVGO, BRCM, MSFT, GPRO Stocks to Watch No. | Companies reporting earnings tomorrow include ABM Industries Inc. ( ABM ), Violin Memory Inc. (Nasdaq: VMEM), Medtronic Plc. MoneyMorning.com Report - For June 1, 2015, here's how the Dow Jones Industrial Average (DJIA) did today, earnings reports, the topstock market news and stocks to watch based on today's market moves... What Did the Dow, S&P 500, and Nasdaq Do Today? Stocks to Watch No.4, SINA: Shares of SINA Corp. (Nasdaq: SINA) surged more than 23% on news that its chairman and CEO, Charles Chao, will purchase 11 million shares for $456 million in cash. | Companies reporting earnings tomorrow include ABM Industries Inc. ( ABM ), Violin Memory Inc. (Nasdaq: VMEM), Medtronic Plc. MoneyMorning.com Report - For June 1, 2015, here's how the Dow Jones Industrial Average (DJIA) did today, earnings reports, the topstock market news and stocks to watch based on today's market moves... What Did the Dow, S&P 500, and Nasdaq Do Today? Stocks to Watch: BMY, INTC, ALTR, AVGO, BRCM, MSFT, GPRO Stocks to Watch No. |
29604.0 | 2015-06-01 00:00:00 UTC | ABM Secures Contract For Effective Parking Services - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-secures-contract-for-effective-parking-services-analyst-blog-2015-06-01 | nan | nan | ABM Parking Services, a part of business services provider ABM Industries IncorporatedABM has recently been selected for the parking management contract and aims to extend its services at Nashville International Airport (BNA).
Under this multi million dollar contract, ABM Parking Services will oversee 11,150 parking spaces across BNA's five parking facilities. The services provided by ABM will include parking management; shuttle transportation services, valet parking; consulting equipment procurement and layout of parking facilities and many other services. These innovative parking solutions are likely to augment the parking experience of its customers.
As one of the largest parking operators in the country, one of ABM Parking Services major expertise lies in managing the complex parking operations in the multi-use segment. ABM Parking Services provides services to many other airports around the country and such contracts are likely to augment the revenues of the company.
Headquartered in San Francisco, CA, ABM Industries 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. 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 Industries currently has a Zacks Rank #2 (Buy). Other stocks that look promising and are worth considering now in the industry include CoreLogic, Inc. CLGX , NV5 Holdings, Inc NVEE carrying a Zacks Rank #1 (Strong Buy) and Rollins Inc ROL carrying a Zacks Rank #2.
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
ABM INDUSTRIES (ABM): Free Stock Analysis Report
ROLLINS INC (ROL): Free Stock Analysis Report
CORELOGIC INC (CLGX): Free Stock Analysis Report
NV5 HOLDING INC (NVEE): 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, CA, ABM Industries 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. ABM Parking Services, a part of business services provider ABM Industries IncorporatedABM has recently been selected for the parking management contract and aims to extend its services at Nashville International Airport (BNA). Under this multi million dollar contract, ABM Parking Services will oversee 11,150 parking spaces across BNA's five parking facilities. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report NV5 HOLDING INC (NVEE): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Parking Services, a part of business services provider ABM Industries IncorporatedABM has recently been selected for the parking management contract and aims to extend its services at Nashville International Airport (BNA). Under this multi million dollar contract, ABM Parking Services will oversee 11,150 parking spaces across BNA's five parking facilities. | ABM Parking Services, a part of business services provider ABM Industries IncorporatedABM has recently been selected for the parking management contract and aims to extend its services at Nashville International Airport (BNA). The services provided by ABM will include parking management; shuttle transportation services, valet parking; consulting equipment procurement and layout of parking facilities and many other services. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report NV5 HOLDING INC (NVEE): Free Stock Analysis Report To read this article on Zacks.com click here. | As one of the largest parking operators in the country, one of ABM Parking Services major expertise lies in managing the complex parking operations in the multi-use segment. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report NV5 HOLDING INC (NVEE): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Parking Services, a part of business services provider ABM Industries IncorporatedABM has recently been selected for the parking management contract and aims to extend its services at Nashville International Airport (BNA). |
29605.0 | 2015-05-28 00:00:00 UTC | New Strong Buy Stocks for May 28th - Tale of the Tape | ABM | https://www.nasdaq.com/articles/new-strong-buy-stocks-for-may-28th-tale-of-the-tape-2015-05-28 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
ABM Industries, Inc. ( ABM )
Bravo Brio Restaurant Group, Inc. ( BBRG )
Brightcove Inc ( BCOV )
Casey's General Stores Inc ( CASY )
Commercial Vehicle Group, Inc. ( CVGI )
View the entire Zacks Rank #1 List .
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ABM INDUSTRIES (ABM): Free Stock Analysis Report
BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report
BRIGHTCOVE (BCOV): Free Stock Analysis Report
CASEYS GEN STRS (CASY): Free Stock Analysis Report
COMML VEHICLE (CVGI): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: ABM Industries, Inc. ( ABM ) Bravo Brio Restaurant Group, Inc. ( BBRG ) Brightcove Inc ( BCOV ) Casey's General Stores Inc ( CASY ) Commercial Vehicle Group, Inc. ( CVGI ) View the entire Zacks Rank #1 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BRIGHTCOVE (BCOV): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report COMML VEHICLE (CVGI): 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 #1 (Strong Buy) List today: ABM Industries, Inc. ( ABM ) Bravo Brio Restaurant Group, Inc. ( BBRG ) Brightcove Inc ( BCOV ) Casey's General Stores Inc ( CASY ) Commercial Vehicle Group, Inc. ( CVGI ) View the entire Zacks Rank #1 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BRIGHTCOVE (BCOV): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report COMML VEHICLE (CVGI): 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 #1 (Strong Buy) List today: ABM Industries, Inc. ( ABM ) Bravo Brio Restaurant Group, Inc. ( BBRG ) Brightcove Inc ( BCOV ) Casey's General Stores Inc ( CASY ) Commercial Vehicle Group, Inc. ( CVGI ) View the entire Zacks Rank #1 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BRIGHTCOVE (BCOV): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report COMML VEHICLE (CVGI): 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 #1 (Strong Buy) List today: ABM Industries, Inc. ( ABM ) Bravo Brio Restaurant Group, Inc. ( BBRG ) Brightcove Inc ( BCOV ) Casey's General Stores Inc ( CASY ) Commercial Vehicle Group, Inc. ( CVGI ) View the entire Zacks Rank #1 List . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report BRIGHTCOVE (BCOV): Free Stock Analysis Report CASEYS GEN STRS (CASY): Free Stock Analysis Report COMML VEHICLE (CVGI): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
29606.0 | 2015-05-21 00:00:00 UTC | ABM Industries Scales New 52-Week High on Growth Drivers - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-industries-scales-new-52-week-high-on-growth-drivers-analyst-blog-2015-05-21 | nan | nan | Shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.03 during yesterday's trading session, before closing a notch lower at $32.96. ABM Industries' 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 18.3x 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.
ABM Industries' strategy entails growth through strategic acquisitions and through organic growth 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.
The company will report its second-quarter fiscal 2015 earnings results after the close of market on Jun 2. The Zacks Consensus Estimate for the soon-to-be-reported quarter is pegged at 35 cents, which represents year-over-year growth of 4.6%.
All these factors might have cumulatively helped catapult the stock to a 52-week high.
Other Stocks to Consider
Other stocks that look promising and are worth considering now in the industry include CBIZ, Inc. CBZ , CRA International Inc. CRAI and FTI Consulting, Inc. FCN , 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. | Shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.03 during yesterday's trading session, before closing a notch lower at $32.96. ABM Industries' share prices have been on an uptrend since October last year. 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. | 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 CBIZ INC (CBZ): 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 $33.03 during yesterday's trading session, before closing a notch lower at $32.96. | 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. 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 CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. | 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. Shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $33.03 during yesterday's trading session, before closing a notch lower at $32.96. ABM Industries' share prices have been on an uptrend since October last year. |
29607.0 | 2015-05-20 00:00:00 UTC | Should ABM Industries (ABM) Be in Your Portfolio Now? - Analyst Blog | ABM | https://www.nasdaq.com/articles/should-abm-industries-abm-be-in-your-portfolio-now-analyst-blog-2015-05-20 | nan | nan | On May 20, Zacks Investment Research upgraded leading provider of facility solutions ABM Industries IncorporatedABM to a Zacks Rank #2 (Buy) from a Zacks Rank #3 (Hold) primarily on the back of improving fundamentals. ABM Industries shares are currently trading at a forward P/E of 18.0x with long-term earnings growth expectation of 8.0%, which reflects its inherent growth potential.
Why the Upgrade?
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.
ABM Industries' strategy entails growth through strategic acquisitions and through organic growth 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. Management also reiterated that corporate restructuring initiatives were well on track to yield sustained long-term growth momentum.
In addition, 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.
Other Stocks to Consider
Other stocks that look promising and are worth considering now in the industry include CBIZ, Inc. CBZ , CRA International Inc. CRAI and FTI Consulting, Inc. FCN , each carrying a Zacks Rank #2 (Buy).
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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. | The acquisition is expected to add substantial experience in mission critical facilities to ABM Industries' existing portfolio. On May 20, Zacks Investment Research upgraded leading provider of facility solutions ABM Industries IncorporatedABM to a Zacks Rank #2 (Buy) from a Zacks Rank #3 (Hold) primarily on the back of improving fundamentals. ABM Industries shares are currently trading at a forward P/E of 18.0x with long-term earnings growth expectation of 8.0%, which reflects its inherent growth potential. | On May 20, Zacks Investment Research upgraded leading provider of facility solutions ABM Industries IncorporatedABM to a Zacks Rank #2 (Buy) from a Zacks Rank #3 (Hold) primarily on the back of improving fundamentals. 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 CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. | On May 20, Zacks Investment Research upgraded leading provider of facility solutions ABM Industries IncorporatedABM to a Zacks Rank #2 (Buy) from a Zacks Rank #3 (Hold) primarily on the back of improving fundamentals. 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 CBIZ INC (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. | On May 20, Zacks Investment Research upgraded leading provider of facility solutions ABM Industries IncorporatedABM to a Zacks Rank #2 (Buy) from a Zacks Rank #3 (Hold) primarily on the back of improving fundamentals. ABM Industries shares are currently trading at a forward P/E of 18.0x with long-term earnings growth expectation of 8.0%, which reflects its inherent growth potential. 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. |
29608.0 | 2015-05-15 00:00:00 UTC | ABM to Provide Infrastructure Upgrade to Arnot Odgen Center - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-to-provide-infrastructure-upgrade-to-arnot-odgen-center-analyst-blog-2015-05-15 | nan | nan | ABM Industries IncorporatedABM has recently been selected by Arnot Ogden Medical Center (AOMC) in Elmira, NY, to provide a comprehensive infrastructure upgrade through its Bundled Energy Solutions program.
With $8 million in infrastructure upgrades, the contract carries a financing solution provided by ABM, which eliminates any capital investment by AOMC. The Bundled Energy Solutions program aims to help hospitals by implementing heating, cooling and control systems. This program is designed as a financial solution to meet clients' technical facility needs and sustainability goals.
Apart from providing significant savings worth approximately $600,000 in annual energy and operational costs and $14.5 million over the life of the contract, the contract is expected to facilitate critical facility improvements and enhance overall patient satisfaction. Increased levels of patient comfort and satisfaction scores are further expected to help the health care centre augment its revenues. This contract is important for ABM as it paves the way for its energy efficiency solutions into the rapidly expanding healthcare sector.
ABM 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 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 holds a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include ServiceMaster Global Holdings, Inc. SERV , carrying a Zacks Rank #1, Rollins Inc. ROL and CBZ , 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. | ABM Industries IncorporatedABM has recently been selected by Arnot Ogden Medical Center (AOMC) in Elmira, NY, to provide a comprehensive infrastructure upgrade through its Bundled Energy Solutions program. With $8 million in infrastructure upgrades, the contract carries a financing solution provided by ABM, which eliminates any capital investment by AOMC. This contract is important for ABM as it paves the way for its energy efficiency solutions into the rapidly expanding healthcare sector. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM has recently been selected by Arnot Ogden Medical Center (AOMC) in Elmira, NY, to provide a comprehensive infrastructure upgrade through its Bundled Energy Solutions program. With $8 million in infrastructure upgrades, the contract carries a financing solution provided by ABM, which eliminates any capital investment by AOMC. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM has recently been selected by Arnot Ogden Medical Center (AOMC) in Elmira, NY, to provide a comprehensive infrastructure upgrade through its Bundled Energy Solutions program. With $8 million in infrastructure upgrades, the contract carries a financing solution provided by ABM, which eliminates any capital investment by AOMC. | With $8 million in infrastructure upgrades, the contract carries a financing solution provided by ABM, which eliminates any capital investment by AOMC. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM has recently been selected by Arnot Ogden Medical Center (AOMC) in Elmira, NY, to provide a comprehensive infrastructure upgrade through its Bundled Energy Solutions program. |
29609.0 | 2015-05-07 00:00:00 UTC | L.B. Foster Tops Q1 Earnings, Eyes Inorganic Growth - Analyst Blog | ABM | https://www.nasdaq.com/articles/l.b.-foster-tops-q1-earnings-eyes-inorganic-growth-analyst-blog-2015-05-07 | nan | nan | L.B. Foster CompanyFSTR reported robust first-quarter results for 2015. The company's quarterly earnings of 41 cents per share came ahead of the Zacks Consensus Estimate of 39 cents, and surged 17.1% year over year driven by superior gross margin performance.
LB Foster Company - Earnings Surprise | FindTheCompany
Revenues
Net sales for the quarter were $137.9 million, up 23.8% year over year, mainly led by a hike in demand for the company's Tubular and Energy Services segment. The top line also exceeded the Zacks Consensus Estimate of $130 million.
Revenues from the Rail Products and Services segment climbed 5.7% year over year to $77.7 million. Improved Concrete Tie, Allegheny Rail Products and Rail Distribution trade supported the rise in revenues.
Construction Products revenues increased 25.2% year over year to $34.3 million. Though partially offset by weakened Bridge Products business, the segment's top line witnessed year-over-year improvement on the back of a sales rise in all its other divisions.
The Tubular and Energy Services segment generated revenues of $25.9 million that more than doubled from the prior-year quarter. Increased sales from the company's coatings business and benefits from new acquisitions supported the year-over-year revenue growth.
Costs/Margins
Gross profit margin in the quarter stood at 22.2%, increasing 50 basis points (bps) year over year. The improvement was backed by the company's latest IOS acquisition, and enhanced margins from both Rail and coatings product. Selling and administrative expenses totaled $22.3 million, up from $18 million in the year-ago quarter, owing to a rise in acquisition-related costs.
The Rail Products and Services segment recorded gross profit margin of 23.4%, increasing 100 bps year over year, driven by enhanced Concrete Tie, Allegheny Rail Products and Rail Distribution business. However, Construction Products segment's gross profit margin declined 180 bps from the prior-year quarter to 19.1%, as a result of reductions in Bridge and Piling Product sales. Gross profit margin of the Tubular and Energy Services segment was 23.3%, increasing 310 bps year over year, attributable to favorable volumes generated by the specialty coatings business. Also, management believes that acquisition of new businesses with improved margins added to the year-over-year margin growth.
Balance Sheet/Cash Flow
Exiting first-quarter 2015, L.B. Foster's cash and cash equivalents were approximately $37.6 million compared with $52 million at year-end 2014. Long-term debt stood at $217.6 million versus $25.8 million as on Dec 31, 2014. The company's debt burden significantly increased in the first-quarter of 2015, on account of its aggressive acquisition strategy. Nevertheless, the company recently revised its credit facility for higher liquidity, so that it can fund new strategies for market and product development.
At the end of the quarter under review, L.B. Foster used cash worth $7.4 million from operating activities, as against $32.2 million of cash provided in the year-ago comparable period.
Outlook
Except certain short-term volatilities in the energy market, L.B. Foster believes the environment will remain favorable for most of its trading segments. The company claimed that planned capital expenditures for its pipeline customers remain intact, while E&P firms lowered capital expenditures directed towards drilling operations seems to have reached final stage for 2015. Moreover, the company anticipates currency headwinds to adversely affect its business in the upcoming quarters to some extent.
L.B. Foster expects to generate sales within $770-$780 million for 2015. Earnings per share are projected to lie in the range of $3.20-$3.30, while anticipates EBITDA within $84.5-$86 million for the year.
Other Stocks to Consider
L.B. Foster currently holds a Zacks Rank #2 (Buy). Other stocks worth considering in the industry include Evraz Highveld Steel & Vanadium Ltd. HGVLY , Olympic Steel Inc. ZEUS and ABM Industries Incorporated ABM . All three stocks currently carry a Zacks Rank similar to that of L.B. Foster.
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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 worth considering in the industry include Evraz Highveld Steel & Vanadium Ltd. HGVLY , Olympic Steel Inc. ZEUS and ABM Industries Incorporated ABM . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report FOSTER LB CO (FSTR): Free Stock Analysis Report OLYMPIC STEEL (ZEUS): Free Stock Analysis Report EVRAZ HIGHVELD (HGVLY): Free Stock Analysis Report To read this article on Zacks.com click here. Though partially offset by weakened Bridge Products business, the segment's top line witnessed year-over-year improvement on the back of a sales rise in all its other divisions. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report FOSTER LB CO (FSTR): Free Stock Analysis Report OLYMPIC STEEL (ZEUS): Free Stock Analysis Report EVRAZ HIGHVELD (HGVLY): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the industry include Evraz Highveld Steel & Vanadium Ltd. HGVLY , Olympic Steel Inc. ZEUS and ABM Industries Incorporated ABM . Improved Concrete Tie, Allegheny Rail Products and Rail Distribution trade supported the rise in revenues. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report FOSTER LB CO (FSTR): Free Stock Analysis Report OLYMPIC STEEL (ZEUS): Free Stock Analysis Report EVRAZ HIGHVELD (HGVLY): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks worth considering in the industry include Evraz Highveld Steel & Vanadium Ltd. HGVLY , Olympic Steel Inc. ZEUS and ABM Industries Incorporated ABM . LB Foster Company - Earnings Surprise | FindTheCompany Revenues Net sales for the quarter were $137.9 million, up 23.8% year over year, mainly led by a hike in demand for the company's Tubular and Energy Services segment. | Other stocks worth considering in the industry include Evraz Highveld Steel & Vanadium Ltd. HGVLY , Olympic Steel Inc. ZEUS and ABM Industries Incorporated ABM . Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report FOSTER LB CO (FSTR): Free Stock Analysis Report OLYMPIC STEEL (ZEUS): Free Stock Analysis Report EVRAZ HIGHVELD (HGVLY): Free Stock Analysis Report To read this article on Zacks.com click here. The improvement was backed by the company's latest IOS acquisition, and enhanced margins from both Rail and coatings product. |
29610.0 | 2015-03-30 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for March 31, 2015 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-march-31-2015-2015-03-30 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on March 31, 2015. A cash dividend payment of $0.16 per share is scheduled to be paid on May 04, 2015. 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 $32, representing a -1.6% decrease from the 52 week high of $32.52 and a 32.12% 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 $1.41. Zacks Investment Research reports ABM's forecasted earnings growth in 2015 as 13.22%, compared to an industry average of 13.9%.
For more information on the declaration, record and payment dates, visit the ABM Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABM through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABM as a top-10 holding:
Guggenheim S&P Smallcap 600 Pure Value ETF ( RZV )
RevenueShares Small Cap ( RWJ ).
The top-performing ETF of this group is RWJ with an increase of 5.06% over the last 100 days. RZV 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. | 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 13.22%, compared to an industry average of 13.9%. 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 March 31, 2015. 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 March 31, 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 ) RevenueShares Small Cap ( RWJ ). | 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 ) RevenueShares Small Cap ( RWJ ). ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on March 31, 2015. |
29611.0 | 2015-03-18 00:00:00 UTC | ABM to Boost Sports Market with Sacramento Kings Deal - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-to-boost-sports-market-with-sacramento-kings-deal-analyst-blog-2015-03-18 | nan | nan | Leading provider of facility solutions ABM Industries Inc.ABM inked a definitive agreement to become an exclusive cleaning services and corporate partner for Sleep Train Arena - home of National Basketball Association's (NBA) Sacramento Kings.
Under this agreement, ABM will provide day-to-day pre- and post-event janitorial services to Sacramento Kings. ABM's expertise in the sports & entertainment market coupled with its GreenCare program is expected to provide effective cleaning services with minimum environmental impact for the NBA team.
ABM offers janitorial services worth over $100 million at first-class venues in diverse locations and various large convention centers and concert venues globally. It is a challenge for Sacramento Kings to provide a safe, clean and friendly environment for its fans and guests. With ABM's competence and experience in delivering top service, the NBA team aims to deliver a pleasant game experience to its fans.
ABM 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 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 holds a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include ServiceMaster Global Holdings , Inc.SERV , carrying a Zacks Rank #1 (Strong Buy), and Rollins Inc. ROL and Huron Consulting Group Inc. HURN , both carrying a Zacks Rank #2 (Buy).
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SERVICEMASTR GH (SERV): 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. | Leading provider of facility solutions ABM Industries Inc.ABM inked a definitive agreement to become an exclusive cleaning services and corporate partner for Sleep Train Arena - home of National Basketball Association's (NBA) Sacramento Kings. ABM's expertise in the sports & entertainment market coupled with its GreenCare program is expected to provide effective cleaning services with minimum environmental impact for the NBA team. Under this agreement, ABM will provide day-to-day pre- and post-event janitorial services to Sacramento Kings. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ROLLINS INC (ROL): 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 Inc.ABM inked a definitive agreement to become an exclusive cleaning services and corporate partner for Sleep Train Arena - home of National Basketball Association's (NBA) Sacramento Kings. Under this agreement, ABM will provide day-to-day pre- and post-event janitorial services to Sacramento Kings. | Leading provider of facility solutions ABM Industries Inc.ABM inked a definitive agreement to become an exclusive cleaning services and corporate partner for Sleep Train Arena - home of National Basketball Association's (NBA) Sacramento Kings. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. Under this agreement, ABM will provide day-to-day pre- and post-event janitorial services to Sacramento Kings. | Leading provider of facility solutions ABM Industries Inc.ABM inked a definitive agreement to become an exclusive cleaning services and corporate partner for Sleep Train Arena - home of National Basketball Association's (NBA) Sacramento Kings. ABM's expertise in the sports & entertainment market coupled with its GreenCare program is expected to provide effective cleaning services with minimum environmental impact for the NBA team. Under this agreement, ABM will provide day-to-day pre- and post-event janitorial services to Sacramento Kings. |
29612.0 | 2015-03-09 00:00:00 UTC | Should You Reconsider Holding ABM Industries (ABM) Stock? - Analyst Blog | ABM | https://www.nasdaq.com/articles/should-you-reconsider-holding-abm-industries-abm-stock-analyst-blog-2015-03-09 | nan | nan | On Mar 7, Zacks Investment Research downgraded leading provider of facility solutions ABM Industries IncorporatedABM to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy). Despite the downgrade, the stock is currently trading at a forward P/E of 16.1x with long-term earnings growth expectation of 8.0%, which reflects its inherent growth prospects.
Why the Downgrade?
ABM reported lackluster first-quarter fiscal 2015 results with adjusted earnings of 38 cents per share marginally beating the Zacks Consensus Estimate by a penny. Adjusted operating profit remained relatively flat year over year at $25.8 million. Adjusted EBITDA was also flat at $41.3 million.
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 down 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.
However, 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 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's strategy entails growth through both inorganic and organic growth. The company has a healthy pipeline of future businesses with strength particularly seen in its government business. In addition, ABM expects to improve its profitability with seamless integration of acquired businesses and newer contracts. During the lastearnings call management reiterated that corporate restructuring initiatives were well on track to yield sustained long-term growth momentum.
Stocks to Consider
Other players in the industry worth mentioning include Huron Consulting Group Inc. HURN , CRA International Inc. CRAI and Corporate Executive Board Co. 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. | ABM reported lackluster first-quarter fiscal 2015 results with adjusted earnings of 38 cents per share marginally beating the Zacks Consensus Estimate by a penny. On Mar 7, Zacks Investment Research downgraded leading provider of facility solutions ABM Industries IncorporatedABM to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy). Given the low cost of entry into the facility services business, ABM faces intense competition from local and national players. | On Mar 7, Zacks Investment Research downgraded leading provider of facility solutions ABM Industries IncorporatedABM to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy). Click to get this free report CRA INTL INC (CRAI): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report CORP EXEC BRD (CEB): Free Stock Analysis Report To read this article on Zacks.com click here. ABM reported lackluster first-quarter fiscal 2015 results with adjusted earnings of 38 cents per share marginally beating the Zacks Consensus Estimate by a penny. | On Mar 7, Zacks Investment Research downgraded leading provider of facility solutions ABM Industries IncorporatedABM to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy). Click to get this free report CRA INTL INC (CRAI): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report CORP EXEC BRD (CEB): Free Stock Analysis Report To read this article on Zacks.com click here. ABM reported lackluster first-quarter fiscal 2015 results with adjusted earnings of 38 cents per share marginally beating the Zacks Consensus Estimate by a penny. | On Mar 7, Zacks Investment Research downgraded leading provider of facility solutions ABM Industries IncorporatedABM to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy). ABM reported lackluster first-quarter fiscal 2015 results with adjusted earnings of 38 cents per share marginally beating the Zacks Consensus Estimate by a penny. Given the low cost of entry into the facility services business, ABM faces intense competition from local and national players. |
29613.0 | 2015-03-06 00:00:00 UTC | Looking for Value? Why It Might Be Time to Try ABM Industries (ABM) - Tale of the Tape | ABM | https://www.nasdaq.com/articles/looking-for-value-why-it-might-be-time-to-try-abm-industries-abm-tale-of-the-tape-2015-03 | nan | nan | Value investing is always a very popular strategy, and for good reason. After all, who doesn't want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; ABM Industries Incorporated(ABM) .
ABM Industries in Focus
ABM may be an interesting play thanks to its forward PE of 16.14, its P/S ratio of 0.32, and its decent dividend yield of 2.18%. These factors suggest that ABM Industries is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that ABM has decent revenue metrics to back up its earnings.
But before you think that ABM Industries is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 4% in the past 30 days, thanks to 2 upward revisions in the past two months compared to none lower.
This estimate strength is actually enough to push ABM to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. So really, ABM Industries is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
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ABM INDUSTRIES (ABM): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | But before you think that ABM Industries is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. This estimate strength is actually enough to push ABM to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; ABM Industries Incorporated(ABM) . | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; ABM Industries Incorporated(ABM) . ABM Industries in Focus ABM may be an interesting play thanks to its forward PE of 16.14, its P/S ratio of 0.32, and its decent dividend yield of 2.18%. | These factors suggest that ABM Industries is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that ABM has decent revenue metrics to back up its earnings. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; ABM Industries Incorporated(ABM) . | ABM Industries in Focus ABM may be an interesting play thanks to its forward PE of 16.14, its P/S ratio of 0.32, and its decent dividend yield of 2.18%. These factors suggest that ABM Industries is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that ABM has decent revenue metrics to back up its earnings. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; ABM Industries Incorporated(ABM) . |
29614.0 | 2015-03-04 00:00:00 UTC | ABM Marginally Beats on Q1 Earnings with Record Revenues - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-marginally-beats-on-q1-earnings-with-record-revenues-analyst-blog-2015-03-04 | nan | nan | ABM Industries IncorporatedABM reported first-quarter fiscal 2015 adjusted earnings of 38 cents per share, which marginally beat the Zacks Consensus Estimate by a penny. The adjusted earnings per share also compared favorably with the year-ago adjusted tally of 25 cents.
Abm Industries Inc. - Earnings Surprise | FindTheCompany
GAAP earnings for the reported quarter were $17.7 million or 31 cents per share compared with $13.1 million or 23 cents per share in the year-earlier quarter. The year-over-year increase in earnings was primarily attributable to record revenues, driven by healthy organic and inorganic growth.
Total quarterly revenue increased 5.1% year over year to an all-time high of $1,289.4 million with 3.2% organic growth and accretive acquisitions. Revenues for the reported quarter exceeded the Zacks Consensus Estimate of $1,280 million.
Segment Performance
Quarterly revenues for the Janitorial segment increased 4.5% year over year to $666.0 million due to new contract wins in the West, healthy tag sales in the Northeast and accretive acquisition of GBM Support Services Group. Segment operating profit improved 15.2% to $34.9 million owing to lower labor costs associated with safety initiatives, realignment savings and new business.
Revenues from Facility Services segment improved 3.0% year over year to $156.2 million, while operating profit increased 15.7% to $5.9 million.
Revenues from Parking segment were up 3.6% year over year to $155.7 million, while operating profit expanded 25.0% to $6.5 million due to the termination of lower margin contracts and stringent cost management.
The Security segment reported revenues of $94.9 million compared with $99.7 million in the year-ago quarter, representing a 4.8% year-over-year decrease. Operating profit was down 17.4% to $1.9 million.
Revenues from the Building & Energy Solutions segment were up 16.9% to $119.4 million, driven by strong inorganic growth and contribution from new jobs. Operating profit, however, declined 55.6% to $1.2 million due to a $1.2 million expense associated with the settlement of two client disputes and $0.7 million increase in selling and business development costs.
Revenues from Other segment improved 13.6% year over year to $97.2 million due to strong organic growth in Air Serv, while operating profit increased 36.8% to $2.6 million.
Adjusted operating profit remained relatively flat year over year at $25.8 million. Adjusted EBITDA was also flat at $41.3 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.
Financial Position
Cash and cash equivalents at quarter end were $38.8 million. Net cash used in operations was $32.4 million compared with net cash utilization of $38.9 million in the prior-year period. Outstanding debt under its credit facility was $362.5 million.
ABM maintained its quarterly cash dividend of 16 cents per share for the second quarter, which represents its 196th consecutive quarterly dividend payment.
Outlook
ABM increased its guidance for fiscal 2015. The company presently expects adjusted income in the range of $1.75 to $1.85 per share, up from $1.65 to $1.75 expected earlier. After-tax net income is expected to be $1.55 to $1.65 per share, up from $1.45 to $1.55.
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 Huron Consulting Group Inc. HURN , CRA International Inc. CRAI and Corporate Executive Board Co. CEB , each carrying a Zacks Rank #2 (Buy).
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CRA INTL INC (CRAI): Free Stock Analysis Report
HURON CONSLT GP (HURN): Free Stock Analysis Report
ABM INDUSTRIES (ABM): Free Stock Analysis Report
CORP EXEC BRD (CEB): 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 IncorporatedABM reported first-quarter fiscal 2015 adjusted earnings of 38 cents per share, which marginally beat the Zacks Consensus Estimate by a penny. Abm Industries Inc. - Earnings Surprise | FindTheCompany GAAP earnings for the reported quarter were $17.7 million or 31 cents per share compared with $13.1 million or 23 cents per share in the year-earlier quarter. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. | ABM Industries IncorporatedABM reported first-quarter fiscal 2015 adjusted earnings of 38 cents per share, which marginally beat the Zacks Consensus Estimate by a penny. Click to get this free report CRA INTL INC (CRAI): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report CORP EXEC BRD (CEB): Free Stock Analysis Report To read this article on Zacks.com click here. Abm Industries Inc. - Earnings Surprise | FindTheCompany GAAP earnings for the reported quarter were $17.7 million or 31 cents per share compared with $13.1 million or 23 cents per share in the year-earlier quarter. | Abm Industries Inc. - Earnings Surprise | FindTheCompany GAAP earnings for the reported quarter were $17.7 million or 31 cents per share compared with $13.1 million or 23 cents per share in the year-earlier quarter. Click to get this free report CRA INTL INC (CRAI): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report CORP EXEC BRD (CEB): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries IncorporatedABM reported first-quarter fiscal 2015 adjusted earnings of 38 cents per share, which marginally beat the Zacks Consensus Estimate by a penny. | ABM presently has a Zacks Rank #2 (Buy). ABM Industries IncorporatedABM reported first-quarter fiscal 2015 adjusted earnings of 38 cents per share, which marginally beat the Zacks Consensus Estimate by a penny. Abm Industries Inc. - Earnings Surprise | FindTheCompany GAAP earnings for the reported quarter were $17.7 million or 31 cents per share compared with $13.1 million or 23 cents per share in the year-earlier quarter. |
29615.0 | 2015-03-03 00:00:00 UTC | After-Hours Earnings Report for March 3, 2015 : MIDD, RCPT, ASNA, AMBA, VEEV, ABM, SQM, BOBE, ZLTQ, TIVO, FOLD, SWHC | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-march-3-2015-midd-rcpt-asna-amba-veev-abm-sqm-bobe-zltq-tivo | nan | nan | The following companies are expected to report earnings after hours on 03/03/2015. Visit our Earnings Calendar for a full list of expected earnings releases.
The Middleby Corporation ( MIDD ) is reporting for the quarter ending December 31, 2014. The machinery company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.97. This value represents a 11.49% increase compared to the same quarter last year. MIDD missed the consensus earnings per share in the 1st calendar quarter of 2014 by -14.49%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for MIDD is 31.47 vs. an industry ratio of 16.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Receptos, Inc. ( RCPT ) is reporting for the quarter ending December 31, 2014. The drug company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-1.08. This value represents a 25.58% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for RCPT is -29.28 vs. an industry ratio of 3.70.
Ascena Retail Group, Inc. ( ASNA ) is reporting for the quarter ending January 31, 2015. The retail (shoe) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.08. This value represents a 65.22% decrease compared to the same quarter last year. ASNA missed the consensus earnings per share in the 3rd calendar quarter of 2014 by -27.78%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ASNA is 18.64 vs. an industry ratio of 7.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Ambarella, Inc. ( AMBA ) is reporting for the quarter ending January 31, 2015. The electric company company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.39. This value represents a 116.67% increase compared to the same quarter last year. In the past year AMBA has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 29.55%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AMBA is 43.72 vs. an industry ratio of 37.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Veeva Systems Inc. ( VEEV ) is reporting for the quarter ending January 31, 2015. The internet software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.08. This value represents a 100.00% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for VEEV is 103.30 vs. an industry ratio of 0.50, implying that they will have a higher earnings growth than their competitors in the same industry.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2015. The building maintenance & services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.37. This value represents a 48.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 17.81 vs. an industry ratio of 25.20.
Sociedad Quimica y Minera S.A. ( SQM ) is reporting for the quarter ending December 31, 2014. The fertilizers company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.27. This value represents a 3.85% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for SQM is 21.37 vs. an industry ratio of 28.20.
Bob Evans Farms, Inc. ( BOBE ) is reporting for the quarter ending January 31, 2015. The restaurant company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.69. This value represents a 130.00% increase compared to the same quarter last year. BOBE missed the consensus earnings per share in the 1st calendar quarter of 2014 by -43.4%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for BOBE is 29.89 vs. an industry ratio of 352.00.
ZELTIQ Aesthetics, Inc. ( ZLTQ ) is reporting for the quarter ending December 31, 2014. The medical products company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.03. This value represents a 80.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ZLTQ is -1671.00 vs. an industry ratio of -8.00.
TiVo Inc. ( TIVO ) is reporting for the quarter ending January 31, 2015. The cable tv company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.04. This value represents a 20.00% decrease compared to the same quarter last year. TIVO missed the consensus earnings per share in the 4th calendar quarter of 2014 by -14.29%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for TIVO is 47.42 vs. an industry ratio of -2.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Amicus Therapeutics, Inc. ( FOLD ) is reporting for the quarter ending December 31, 2014. The biomedical (gene) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.18. This value represents a 10.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for FOLD is -9.71 vs. an industry ratio of -21.80, 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 January 31, 2015. The leisure (recreational) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.11. This value represents a 68.57% decrease compared to the same quarter last year. In the past year SWHC has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 28.57%. The "days to cover" for this stock exceeds 10 days.The days to cover, as reported in the 2/13/2015 short interest update, increased 142.15% from previous report on 1/30/2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for SWHC is 19.49 vs. an industry ratio of 22.00.
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, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 17.81 vs. an industry ratio of 25.20. The retail (shoe) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.08. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 17.81 vs. an industry ratio of 25.20. Zacks Investment Research reports that the 2014 Price to Earnings ratio for MIDD is 31.47 vs. an industry ratio of 16.00, 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, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 17.81 vs. an industry ratio of 25.20. Zacks Investment Research reports that the 2014 Price to Earnings ratio for MIDD is 31.47 vs. an industry ratio of 16.00, 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, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABM is 17.81 vs. an industry ratio of 25.20. In the past year AMBA has beat the expectations every quarter. |
29616.0 | 2015-03-03 00:00:00 UTC | ABM Scales New 52-Week High on Sustained Organic Growth - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-scales-new-52-week-high-on-sustained-organic-growth-analyst-blog-2015-03-03 | nan | nan | Shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $31.42 during yesterday's trading session, before closing a notch lower at $31.16. 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 17.8x and has long-term earnings growth expectation of 8.0%.
Growth Drivers
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's strategy entails growth through strategic acquisitions and through organic growth while maintaining desirable profit margins. The company has a healthy pipeline of future businesses with strength particularly seen in its government business. In addition, ABM expects to improve its profitability with seamless integration of acquired businesses and newer contracts. During the lastearnings call management reiterated that corporate restructuring initiatives were well on track to yield sustained long-term growth momentum.
The company will report its first-quarter fiscal 2015 earnings results after the close of market today. The Zacks Consensus Estimate for the soon-to-be-reported quarter is pegged at 37 cents, which represents year-over-year growth of 47%. This might have helped catapult the stock to a 52-week high.
Other Stocks to Consider
Other players in the industry worth mentioning include Huron Consulting Group Inc. HURN , CRA International Inc. CRAI and Corporate Executive Board Co. CEB , 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
CRA INTL INC (CRAI): Free Stock Analysis Report
HURON CONSLT GP (HURN): Free Stock Analysis Report
ABM INDUSTRIES (ABM): Free Stock Analysis Report
CORP EXEC BRD (CEB): 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. | Shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $31.42 during yesterday's trading session, before closing a notch lower at $31.16. ABM's share prices have been on an uptrend since October last year. Growth Drivers 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 CRA INTL INC (CRAI): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report CORP EXEC BRD (CEB): 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 $31.42 during yesterday's trading session, before closing a notch lower at $31.16. ABM's share prices have been on an uptrend since October last year. | Growth Drivers 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 CRA INTL INC (CRAI): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report CORP EXEC BRD (CEB): 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 $31.42 during yesterday's trading session, before closing a notch lower at $31.16. | Shares of leading provider of facility solutions ABM Industries IncorporatedABM scaled a new 52-week high of $31.42 during yesterday's trading session, before closing a notch lower at $31.16. ABM's share prices have been on an uptrend since October last year. Growth Drivers 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. |
29617.0 | 2015-03-03 00:00:00 UTC | EWH, SMDV: Big ETF Outflows | ABM | https://www.nasdaq.com/articles/ewh-smdv-big-etf-outflows-2015-03-03 | nan | nan | Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Hong Kong ETF ( EWH ), where 5,550,000 units were destroyed, or a 4.0% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Russell 2000 Dividend Growers ETF ( SMDV ), which lost 25,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. Among the largest underlying components of SMDV, in morning trading today ABM Industries ( ABM ) is off about 0.9%, and American Equity Investment Life Holding ( AEL ) is lower by about 0.1%.
VIDEO: EWH, SMDV: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of SMDV, in morning trading today ABM Industries ( ABM ) is off about 0.9%, and American Equity Investment Life Holding ( AEL ) is lower by about 0.1%. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Russell 2000 Dividend Growers ETF ( SMDV ), which lost 25,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. VIDEO: EWH, SMDV: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of SMDV, in morning trading today ABM Industries ( ABM ) is off about 0.9%, and American Equity Investment Life Holding ( AEL ) is lower by about 0.1%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Hong Kong ETF ( EWH ), where 5,550,000 units were destroyed, or a 4.0% decrease week over week. VIDEO: EWH, SMDV: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of SMDV, in morning trading today ABM Industries ( ABM ) is off about 0.9%, and American Equity Investment Life Holding ( AEL ) is lower by about 0.1%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Hong Kong ETF ( EWH ), where 5,550,000 units were destroyed, or a 4.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Russell 2000 Dividend Growers ETF ( SMDV ), which lost 25,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. | Among the largest underlying components of SMDV, in morning trading today ABM Industries ( ABM ) is off about 0.9%, and American Equity Investment Life Holding ( AEL ) is lower by about 0.1%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Hong Kong ETF ( EWH ), where 5,550,000 units were destroyed, or a 4.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Russell 2000 Dividend Growers ETF ( SMDV ), which lost 25,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. |
29618.0 | 2015-02-13 00:00:00 UTC | Can VASCO (VDSI) Keep its Earnings Streak Alive in Q4? - Analyst Blog | ABM | https://www.nasdaq.com/articles/can-vasco-vdsi-keep-its-earnings-streak-alive-in-q4-analyst-blog-2015-02-13 | nan | nan | Leading security software firm VASCO Data Security International Inc. ( VDSI ) is set to report fourth-quarter 2014 results before the opening bell on Feb 17. It reported a 255.6% positive earnings surprise last quarter, taking the four-quarter average surprise to an astounding 453.9%. Let's see how things are shaping up for this announcement.
Key Factors in the Fourth Quarter
VASCO's earnings have been consistently beating the Zacks Consensus Estimate by a huge margin, thanks to its broad customer base in over 100 countries, and robust demand in the cybersecurity market, driven by increasingly sophisticated data breaches.
During the quarter, the company launched two new devices for enhanced security for mobile devices such as smartphones and tablets. These products would facilitate safer mobile banking transactions across multiple platforms including iOS, Android, and Windows Phone. In addition, the devices offer two-factor authentication and digital signing capabilities for maximum flexibility.
Buoyed by such innovative products, VASCO is also gaining traction in the market as more customers implement its products. The latest to join the VASCO bandwagon is The Bank of Tokyo-Mitsubishi UFJ, Ltd., which implemented its two-factor authentication solution to protect retail banking customers who access the bank's online banking services.
We believe the company's results will be favorably impacted by its strong order pipeline and robust demand for software security solutions. Moreover, we expect VASCO's strong operational efficiency to translate into higher margins and boost the bottom line in the coming quarters.
Earnings Whispers
Despite some bullish trends, our proven model does not conclusively show that VASCO 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 -5.00%. This indicates a likely earnings miss.
Zacks Rank: VASCO's Zacks Rank #1 (Strong Buy) combined with negative ESP reduces the predictive power of an earnings beat for the company. Note that stocks with a Zacks Ranks of #1, #2 (Buy) and #3 (Hold) and a positive ESP have a significantly higher chance of beating earnings. The Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement.
Other 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:
The Kroger Co. ( KR ) with Earnings ESP of +4.49% and a Zacks Rank #2.
ABM Industries Incorporated ( ABM ) with Earnings ESP of +13.51% and a Zacks Rank #3.
Grupo Televisa, S.A.B. ( TV ) Earnings ESP of +13.51% 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 ) with Earnings ESP of +13.51% and a Zacks Rank #3. Click to get this free report KROGER CO (KR): Free Stock Analysis Report GRUPO TELEVISA (TV): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report VASCO DATA SEC (VDSI): Free Stock Analysis Report To read this article on Zacks.com click here. Key Factors in the Fourth Quarter VASCO's earnings have been consistently beating the Zacks Consensus Estimate by a huge margin, thanks to its broad customer base in over 100 countries, and robust demand in the cybersecurity market, driven by increasingly sophisticated data breaches. | Click to get this free report KROGER CO (KR): Free Stock Analysis Report GRUPO TELEVISA (TV): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report VASCO DATA SEC (VDSI): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ( ABM ) with Earnings ESP of +13.51% and a Zacks Rank #3. 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 -5.00%. | Click to get this free report KROGER CO (KR): Free Stock Analysis Report GRUPO TELEVISA (TV): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report VASCO DATA SEC (VDSI): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ( ABM ) with Earnings ESP of +13.51% and a Zacks Rank #3. Zacks Rank: VASCO's Zacks Rank #1 (Strong Buy) combined with negative ESP reduces the predictive power of an earnings beat for the company. | Click to get this free report KROGER CO (KR): Free Stock Analysis Report GRUPO TELEVISA (TV): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report VASCO DATA SEC (VDSI): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ( ABM ) with Earnings ESP of +13.51% and a Zacks Rank #3. The Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement. |
29619.0 | 2015-02-02 00:00:00 UTC | Can Vulcan Materials (VMC) Surprise this Earnings Season? - Analyst Blog | ABM | https://www.nasdaq.com/articles/can-vulcan-materials-vmc-surprise-this-earnings-season-analyst-blog-2015-02-02 | nan | nan | Vulcan Materials Company ( VMC ) is set to report fourth-quarter fiscal 2014 results on Feb 5, before the market opens. Last quarter, it posted a positive surprise of 5.88%. Let's see how things are shaping up for this announcement.
Factors to Consider
Vulcan has been reporting strong earnings for the past four quarters, a trend which is expected to continue in the upcoming quarter. Strong trends in private construction activity drove aggregate shipment growth in 2014. These strong aggregate shipments trends are expected to continue in the soon to be reported quarter.
Housing starts and non-residential contract awards improved in 2014 with improvement in economic picture and employment levels. Management expects Vulcan-served markets of Arizona, California, Florida, Georgia and Texas to continue to show better volume growth than other markets.
Assuming that weather would remain normal during the fourth quarter of 2014, Vulcan Materials expects aggregates volume growth in the fourth quarter to increase in mid-to-high single-digits range given tough weather comparisons from an unseasonably warm fourth-quarter 2013.
Assuming normal weather patterns, full-year 2014 aggregates shipments are expected to increase at the higher end of the expected range of 7% to 9% as demand gains momentum. The guidance excludes the benefits from acquisitions made in the third quarter of 2014.
Aggregate prices are expected to increase at the lower end of the guided range of 3%-5% in 2014. However, management is confident that demand/volume momentum will lead to stronger pricing growth in 2015.
In the non-aggregates segment (which includes Concrete, Asphalt mix and Cement), the company expects to report $40 to $45 million in gross profit for 2014.
Earnings Whisper?
Our proven model does not conclusively show that Vulcan Materials Company is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for this to happen. That is not the case here, as you will see below.
Zacks ESP: The Earnings ESP is 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate stand at 25 cents.
Zacks Rank #1 (Strong Buy): Though Zacks Rank #1, 2 or 3 increases the predictive power of ESP, Vulcan Materials Company' ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
Other Stocks to Consider
Here are some other companies in the building and related industries that can be considered as our model shows that they have the right combination of elements to post an earnings beat this quarter:
TRI Pointe Homes, Inc. ( TPH ) has an Earnings ESP of +12.50% and a Zacks Rank #1
ServiceMaster Global Holdings, Inc. ( SERV ) has an Earnings ESP of +10.53% and a Zacks Rank #2 (Buy).
ABM Industries Incorporated ( ABM ), Earnings ESP of +10.81% and a Zacks Rank #3 (Hold).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 +10.81% and a Zacks Rank #3 (Hold). Click to get this free report VULCAN MATLS CO (VMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report TRI POINTE HOME (TPH): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. Vulcan Materials Company ( VMC ) is set to report fourth-quarter fiscal 2014 results on Feb 5, before the market opens. | Click to get this free report VULCAN MATLS CO (VMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report TRI POINTE HOME (TPH): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ( ABM ), Earnings ESP of +10.81% and a Zacks Rank #3 (Hold). Zacks Rank #1 (Strong Buy): Though Zacks Rank #1, 2 or 3 increases the predictive power of ESP, Vulcan Materials Company' ESP of 0.00% makes surprise prediction difficult. | Click to get this free report VULCAN MATLS CO (VMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report TRI POINTE HOME (TPH): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ( ABM ), Earnings ESP of +10.81% and a Zacks Rank #3 (Hold). Zacks Rank #1 (Strong Buy): Though Zacks Rank #1, 2 or 3 increases the predictive power of ESP, Vulcan Materials Company' ESP of 0.00% makes surprise prediction difficult. | ABM Industries Incorporated ( ABM ), Earnings ESP of +10.81% and a Zacks Rank #3 (Hold). Click to get this free report VULCAN MATLS CO (VMC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report TRI POINTE HOME (TPH): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. These strong aggregate shipments trends are expected to continue in the soon to be reported quarter. |
29620.0 | 2015-01-27 00:00:00 UTC | Can Jacobs (JEC) Deliver Yet Another Earnings Beat in Q1? - Analyst Blog | ABM | https://www.nasdaq.com/articles/can-jacobs-jec-deliver-yet-another-earnings-beat-in-q1-analyst-blog-2015-01-27 | nan | nan | Jacobs Engineering Group Inc. ( JEC ) is scheduled to report first-quarter fiscal 2015 results after the opening bell on Jan 28, 2015. Over the last four trailing quarters, the company reported a negative average earnings surprise of 0.52%.
However, in fourth-quarter 2014, the company reported earnings of 88 cents per share, which surpassed the Zacks Consensus Estimate by 3.53%. Let's see how things are shaping up prior to the earnings announcement.
Factors to Influence Q1 Results
Jacobs, holding a high brand value in the market, offers non-imitable products and services to its global clients. In order to earn higher revenue and margins in the upcoming quarters, the company is making concerted efforts to expand the scale of its trade through organic as well as inorganic growth plans.
Nevertheless, benefits of Jacobs' growth plans might be offset by some issues encountered by its trade. The maintenance and construction sites of the company are subject to certain safety risks. Furthermore, adverse impact from market fluctuations might hurt the company's growth, going forward. Low entry barriers in engineering, architectural, consulting and designing market segments have escalated threats of market rivalry for Jacobs.
Some of its most important competitors include Fluor, Wheeler, Foster and Bechtel. Also, Jacobs derives a large chunk of its revenues from the U.S. Federal agencies, which are exposed to variations associated with regulations, restrictions and other uncertainties.
Earnings Whispers
Our proven model conclusively shows that Jacobs is likely to miss earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for an earnings beat. That is not the case here as we will see below.
Zacks ESP: Jacobs currently has an Earnings ESP of -3.85%. This is because the Zacks Consensus Estimate of 78 cents stands above the Most Accurate estimate of 75 cents.
Zacks Rank: Jacobs' Zacks Rank #4 (Sell), when combined with a negative ESP, makes predictions of earnings miss. We caution against stocks with Zacks Ranks #4 and #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing a negative estimate revision momentum.
Other 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:
WNS (Holdings) Ltd. ( WNS ), with an Earnings ESP of +2.78% and a Zacks Rank #2.
Global Payments Inc. ( GPN ), with an Earnings ESP of +0.90% and a Zacks Rank #2.
ABM Industries Inc. ( ABM ), with an Earnings ESP of +10.81% 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 Inc. ( ABM ), with an Earnings ESP of +10.81% and a Zacks Rank #3. Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report GLOBAL PAYMENTS (GPN): Free Stock Analysis Report WNS HLDGS-ADR (WNS): Free Stock Analysis Report To read this article on Zacks.com click here. Jacobs Engineering Group Inc. ( JEC ) is scheduled to report first-quarter fiscal 2015 results after the opening bell on Jan 28, 2015. | Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report GLOBAL PAYMENTS (GPN): Free Stock Analysis Report WNS HLDGS-ADR (WNS): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc. ( ABM ), with an Earnings ESP of +10.81% and a Zacks Rank #3. Zacks Rank: Jacobs' Zacks Rank #4 (Sell), when combined with a negative ESP, makes predictions of earnings miss. | Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report GLOBAL PAYMENTS (GPN): Free Stock Analysis Report WNS HLDGS-ADR (WNS): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc. ( ABM ), with an Earnings ESP of +10.81% and a Zacks Rank #3. Zacks Rank: Jacobs' Zacks Rank #4 (Sell), when combined with a negative ESP, makes predictions of earnings miss. | Click to get this free report JACOBS ENGIN GR (JEC): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report GLOBAL PAYMENTS (GPN): Free Stock Analysis Report WNS HLDGS-ADR (WNS): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Inc. ( ABM ), with an Earnings ESP of +10.81% and a Zacks Rank #3. We caution against stocks with Zacks Ranks #4 and #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing a negative estimate revision momentum. |
29621.0 | 2015-01-20 00:00:00 UTC | Is ABM Industries (ABM) Stock a Solid Choice Right Now? - Tale of the Tape | ABM | https://www.nasdaq.com/articles/is-abm-industries-abm-stock-a-solid-choice-right-now-tale-of-the-tape-2015-01-20 | nan | nan | One stock that might be an intriguing choice for investors right now is ABM Industries Incorporated ( ABM ). This is because this security in the Building-Maintenance and Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Building-Maintenance and Services space as it currently has a Zacks Industry Rank of 52 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, ABM Industries is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from 32 cents per share to 37 cents per share, while current year estimates have risen from $1.71 per share to $1.73 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal
So, if you are looking for a decent pick in a strong industry, consider ABM Industries. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock that might be an intriguing choice for investors right now is ABM Industries Incorporated ( ABM ). Meanwhile, ABM Industries is actually looking pretty good on its own too. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal So, if you are looking for a decent pick in a strong industry, consider ABM Industries. | One stock that might be an intriguing choice for investors right now is ABM Industries Incorporated ( ABM ). Meanwhile, ABM Industries is actually looking pretty good on its own too. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal So, if you are looking for a decent pick in a strong industry, consider ABM Industries. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report To read this article on Zacks.com click here. One stock that might be an intriguing choice for investors right now is ABM Industries Incorporated ( ABM ). Meanwhile, ABM Industries is actually looking pretty good on its own too. | One stock that might be an intriguing choice for investors right now is ABM Industries Incorporated ( ABM ). Meanwhile, ABM Industries is actually looking pretty good on its own too. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal So, if you are looking for a decent pick in a strong industry, consider ABM Industries. |
29622.0 | 2015-01-13 00:00:00 UTC | ABM Industries Appoints New Chief Executive Officer - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-industries-appoints-new-chief-executive-officer-analyst-blog-2015-01-13 | nan | nan | Leading provider of facility solutions, ABM Industries Incorporated ( ABM ), recently announced the appointment of Scott Salmirs as its Chief Executive Officer (CEO). Scott Salmirs will hold the new office effective Mar 31, 2015 after the existing President and CEO Henrik Slipsager steps down from his position.
The newly appointed CEO is expected to drive ABM to newer heights. With his leadership traits, expertise and experience, he is expected to guide the company's business to unlock further value. Scott Salmirs already possesses experience in ABM's aviation division and all international activities. Going forward, he expects to steer the company on the growth path by completing the ongoing projects as well as supporting the development and execution of new strategic ideas for value creation.
With past experience in diverse firms like Lehman Brothers, where he played a major role in restructuring the company, Scott Salmirs is expected to bring in transformative changes in ABM and augment its revenues.
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 is providing 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 #3 (Hold). Other stocks that look promising and are worth a look include CBIZ, Inc . ( CBZ ), carrying a Zacks Rank #1 (Strong Buy), and Rollins Inc . ( ROL ) and ServiceMaster Global Holdings, Inc . ( SERV ), 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. | With past experience in diverse firms like Lehman Brothers, where he played a major role in restructuring the company, Scott Salmirs is expected to bring in transformative changes in ABM and augment its revenues. Leading provider of facility solutions, ABM Industries Incorporated ( ABM ), recently announced the appointment of Scott Salmirs as its Chief Executive Officer (CEO). The newly appointed CEO is expected to drive ABM to newer heights. | Leading provider of facility solutions, ABM Industries Incorporated ( ABM ), recently announced the appointment of Scott Salmirs as its Chief Executive Officer (CEO). Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CBIZ INC (CBZ): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. The newly appointed CEO is expected to drive ABM to newer heights. | Leading provider of facility solutions, ABM Industries Incorporated ( ABM ), recently announced the appointment of Scott Salmirs as its Chief Executive Officer (CEO). This realignment has improved its long-term growth prospects and is providing 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 #3 (Hold). Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CBIZ INC (CBZ): 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 Incorporated ( ABM ), recently announced the appointment of Scott Salmirs as its Chief Executive Officer (CEO). With past experience in diverse firms like Lehman Brothers, where he played a major role in restructuring the company, Scott Salmirs is expected to bring in transformative changes in ABM and augment its revenues. The newly appointed CEO is expected to drive ABM to newer heights. |
29623.0 | 2015-01-06 00:00:00 UTC | ABM Granted Reversal of $94 Million Class Action Verdict - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-granted-reversal-of-%2494-million-class-action-verdict-analyst-blog-2015-01-06 | nan | nan | The California Court of Appeal, Second District, recently repealed a $94 million verdict related to a wage-and-hour class action against multinational ABM Industries Incorporated ( ABM ). The judgment was initially granted by a California trial court in 2012.
The class action lawsuit was seeking compensation in wages, interest and penalties to a class of around 15,000 former and present security guards. The lawsuit alleged that the company violated California law as the security guards were deprived of off-duty rest breaks.
The plaintiffs claimed that ABM Industries transgressed wage-and-hour laws by asking some employees to carry radios and remain "on call" during rest breaks. Consequently, the trial court passed a ruling on the grounds that "California law requires employers to relieve their workers of all duty during rest breaks".
However, the Court of Appeal dismissed the trial court's basis of judgment, asserting that being on call does not amount to performing work. It emphasized that the Californian law only stipulates that employees should not be required to work during rest break, and thus the rest breaks were legitimate even when workers were responsible for some duties, like remaining on call during breaks.
The Court of Appeal also observed that the security guards got involved in several non-work actions during their rest breaks, like tending to personal business, reading, surfing the internet, etc.
The Court of Appeal's reversal of the trial court's faulty grant of summary judgment in favor of the plaintiffs substantiated that ABM Industries complied with the law with regard to workers' rest breaks.
ABM Industries, presently sporting a Zacks Rank #4 (Sell), has been facing pressure in increasing earnings despite strong growth in revenues. The company has been undergoing restructuring for a considerable period of time, and that might have contributed to its stressed margins and earnings volatility.
Some better-ranked stocks that look promising and are worth a look include Rollins Inc. ( ROL ), carrying a Zacks Rank #1 (Strong Buy), and ServiceMaster Global Holdings, Inc. ( SERV ) and Gartner Inc. ( IT ), 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. | The plaintiffs claimed that ABM Industries transgressed wage-and-hour laws by asking some employees to carry radios and remain "on call" during rest breaks. ABM Industries, presently sporting a Zacks Rank #4 (Sell), has been facing pressure in increasing earnings despite strong growth in revenues. The California Court of Appeal, Second District, recently repealed a $94 million verdict related to a wage-and-hour class action against multinational ABM Industries Incorporated ( ABM ). | The plaintiffs claimed that ABM Industries transgressed wage-and-hour laws by asking some employees to carry radios and remain "on call" during rest breaks. Click to get this free report GARTNER INC -A (IT): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. The California Court of Appeal, Second District, recently repealed a $94 million verdict related to a wage-and-hour class action against multinational ABM Industries Incorporated ( ABM ). | The Court of Appeal's reversal of the trial court's faulty grant of summary judgment in favor of the plaintiffs substantiated that ABM Industries complied with the law with regard to workers' rest breaks. Click to get this free report GARTNER INC -A (IT): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. The California Court of Appeal, Second District, recently repealed a $94 million verdict related to a wage-and-hour class action against multinational ABM Industries Incorporated ( ABM ). | The Court of Appeal's reversal of the trial court's faulty grant of summary judgment in favor of the plaintiffs substantiated that ABM Industries complied with the law with regard to workers' rest breaks. The California Court of Appeal, Second District, recently repealed a $94 million verdict related to a wage-and-hour class action against multinational ABM Industries Incorporated ( ABM ). The plaintiffs claimed that ABM Industries transgressed wage-and-hour laws by asking some employees to carry radios and remain "on call" during rest breaks. |
29624.0 | 2014-12-29 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for December 30, 2014 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-december-30-2014-2014-12-29 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on December 30, 2014. A cash dividend payment of $0.16 per share is scheduled to be paid on February 02, 2015. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.23% increase over the prior quarter. At the current stock price of $29.21, the dividend yield is 2.19%.
The previous trading day's last sale of ABM was $29.21, representing a -0.98% decrease from the 52 week high of $29.50 and a 20.6% 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 United Rentals, Inc. ( URI ). ABM's current earnings per share, an indicator of a company's profitability, is $1.33. Zacks Investment Research reports ABM's forecasted earnings growth in 2015 as 8.92%, compared to an industry average of 10.4%.
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:
RevenueShares Small Cap ( RWJ )
Schwab Fundamental U.S. Small Company Index ETF ( FNDA )
Schwab U.S. Small-Cap ETF ( SCHA )
Schwab Fundamental U.S. Broad Market Index ETF ( FNDB )
Schwab U.S. Broad Market ETF ( SCHB ).
The top-performing ETF of this group is SCHB with an increase of 8.24% over the last 100 days. RWJ has the highest percent weighting of ABM at 0.76%.
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 stock 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 United Rentals, Inc. ( URI ). Zacks Investment Research reports ABM's forecasted earnings growth in 2015 as 8.92%, compared to an industry average of 10.4%. | The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). 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 December 30, 2014. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on December 30, 2014. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). | Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. ABM's current earnings per share, an indicator of a company's profitability, is $1.33. ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on December 30, 2014. |
29625.0 | 2014-12-09 00:00:00 UTC | ABM Misses on Q4 Earnings Despite Record Revenues - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-misses-on-q4-earnings-despite-record-revenues-analyst-blog-2014-12-09 | nan | nan | Business services provider ABM Industries Incorporated ( ABM ) reported fourth-quarter fiscal 2014 adjusted earnings of 52 cents per share, which missed the Zacks Consensus Estimate by 3 cents. The recurring earnings per share, however, compared favorably with the year-ago adjusted tally of 48 cents.
ABM Industries Incorporated - Earnings Surprise | FindTheBest
GAAP earnings for the reported quarter were $27.9 million or 49 cents per share compared with $24.2 million or 43 cents per share in the year-earlier quarter. The year-over-year increase in earnings was primarily attributable to record revenues, driven by healthy organic and inorganic growth.
Total quarterly revenue increased 5.0% year over year to an all-time high of $1,298.9 million with 3.8% organic growth and accretive acquisitions. Revenues for the reported quarter marginally fell short of the Zacks Consensus Estimate of $1,300 million.
For fiscal 2014, ABM reported adjusted earnings of $1.57 per share compared with $1.52 in the year-ago period. GAAP earnings for fiscal 2014 were $75.6 million or $1.32 per share compared with $72.9 million or $1.30 per share in fiscal 2013. The year-over-year increase in earnings was largely driven by top-line growth. Revenues for fiscal 2014 improved 4.6% year over year to $5,032.8 million.
Segment Performance
Quarterly revenues for the Janitorial segment increased 5.3% year over year to $666.1 million due to significant new business wins in the sports and entertainment, high-tech, automotive and manufacturing, and financial services verticals as well as higher tag sales. Segment operating profit improved 13.5% to $38.7 million owing to lower labor costs associated with safety initiatives, realignment savings and new business.
Revenues from Facility Services segment decreased 3.7% year over year to $147.1 million, while operating profit increased 4.9% to $8.5 million.
Revenues from Parking segment were up 2.9% year over year to $156.7 million, while operating profit expanded 11.9% to $9.4 million due to the termination of lower margin contracts and stringent cost management.
The Security segment reported revenues of $94.2 million compared with $97.1 million in the year-ago quarter, representing a 3.0% year-over-year decrease. Operating profit was down 26.9% to $3.8 million.
Revenues from the Building & Energy Solutions segment were up 18.3% to $135.7 million, driven by strong organic growth in healthcare, energy and government businesses and accretive acquisitions. Operating profit improved 29.5% to $10.1 million due to new businesses and inorganic growth.
Revenues from Other segment improved 13.4% year over year to $99.1 million due to strong organic growth in Air Serv, while operating profit declined 12.8% to $3.4 million.
Other Metrics
Adjusted operating profit was up 10.0% year over year to $46.3 million with strong top-line growth and margin improvement due to business realignment, partially offset by higher operating expenses on new business and increased compensation expense to support growth initiatives. Adjusted EBITDA was up 9.1% to $63.4 million, due to margin improvement in Janitorial, Parking, Building & Energy Solutions, and Air Serv businesses.
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.
Financial Position
Cash and cash equivalents at fiscal end were $36.7 million. Net cash from operations by the end of fiscal 2014 declined to $120.7 million from $135.3 million in the prior-year period, largely due to delayed client collections and higher taxes paid. Outstanding debt under its credit facility was $320 million.
ABM repurchased $10.0 million worth of shares in the reported quarter. The company currently has $30 million worth of shares available to buy under its $50 million share repurchase program. ABM increased its quarterly cash dividend from 15.5 cents to 16 cents per share, which represents its 195th consecutive quarterly dividend payment.
Outlook
ABM offered an initial guidance for fiscal 2015. The company expects adjusted income in the range of $1.65 to $1.75 per share. After-tax net income is expected to be $1.45 to $1.55 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 #4 (Sell). Other players in the industry that warrant a look include Gartner Inc. ( IT ), CBIZ, Inc. ( CBZ ) and The Hackett Group, Inc. ( HCKT ), all of which 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. | Business services provider ABM Industries Incorporated ( ABM ) reported fourth-quarter fiscal 2014 adjusted earnings of 52 cents per share, which missed the Zacks Consensus Estimate by 3 cents. ABM Industries Incorporated - Earnings Surprise | FindTheBest GAAP earnings for the reported quarter were $27.9 million or 49 cents per share compared with $24.2 million or 43 cents per share in the year-earlier quarter. For fiscal 2014, ABM reported adjusted earnings of $1.57 per share compared with $1.52 in the year-ago period. | Business services provider ABM Industries Incorporated ( ABM ) reported fourth-quarter fiscal 2014 adjusted earnings of 52 cents per share, which missed the Zacks Consensus Estimate by 3 cents. Click to get this free report GARTNER INC -A (IT): Free Stock Analysis Report ABM INDUSTRIES (ABM): 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. ABM Industries Incorporated - Earnings Surprise | FindTheBest GAAP earnings for the reported quarter were $27.9 million or 49 cents per share compared with $24.2 million or 43 cents per share in the year-earlier quarter. | ABM Industries Incorporated - Earnings Surprise | FindTheBest GAAP earnings for the reported quarter were $27.9 million or 49 cents per share compared with $24.2 million or 43 cents per share in the year-earlier quarter. Click to get this free report GARTNER INC -A (IT): Free Stock Analysis Report ABM INDUSTRIES (ABM): 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 Incorporated ( ABM ) reported fourth-quarter fiscal 2014 adjusted earnings of 52 cents per share, which missed the Zacks Consensus Estimate by 3 cents. | Business services provider ABM Industries Incorporated ( ABM ) reported fourth-quarter fiscal 2014 adjusted earnings of 52 cents per share, which missed the Zacks Consensus Estimate by 3 cents. ABM Industries Incorporated - Earnings Surprise | FindTheBest GAAP earnings for the reported quarter were $27.9 million or 49 cents per share compared with $24.2 million or 43 cents per share in the year-earlier quarter. For fiscal 2014, ABM reported adjusted earnings of $1.57 per share compared with $1.52 in the year-ago period. |
29626.0 | 2014-12-09 00:00:00 UTC | Daily Dividend Report: USB, ABM, WDFC, JPM, MON, AMAT, OMC, VMI, BDN | ABM | https://www.nasdaq.com/articles/daily-dividend-report-usb-abm-wdfc-jpm-mon-amat-omc-vmi-bdn-2014-12-09 | nan | nan | U.S. Bancorp ( USB ) has declared a quarterly dividend of $0.245 per common share, payable January 15, 2015, to stockholders of record at the close of business on December 31, 2014. At this quarterly dividend rate, the annual dividend is equivalent to $0.98 per common share.
ABM ( ABM ) has declared a first quarter cash dividend of $0.16 per common share, payable on February 2, 2015 to stockholders of record on January 2, 2015. This will be ABM's 195th consecutive quarterly cash dividend.
WD-40 Company ( WDFC ) declared a quarterly dividend of $0.38 per share reflecting an increase of 12 percent over the previous quarter's dividend. The quarterly dividend is payable January 30, 2015 to stockholders of record at the close of business on January 5, 2015.
JPMorgan Chase & Co. ( JPM ) declared a quarterly dividend of 40 cents per share on the outstanding shares of the common stock of JPMorgan Chase. The dividend is payable on January 31, 2015, to stockholders of record at the close of business on January 6, 2015.
Monsanto Company ( MON ) declared a quarterly dividend on its common stock of 49 cents per share. The dividend is payable on Jan. 30, 2015 to shareowners of record on Jan. 9, 2015. It relates to the first quarter of the company's 2015 fiscal year.
Applied Materials has approved a quarterly cash dividend of $0.10 per share payable on the company's common stock. The dividend is payable on March 11, 2015 to stockholders of record as of February 18, 2015.
Omnicom Group (OMC) declared a quarterly dividend of 50 cents per outstanding share of the corporation's common stock. The dividend is payable on January 7, 2015 to Omnicom Group common shareholders of record at the close of business on December 23, 2014.
Valmont Industries (VMI) has declared a quarterly dividend of 37.5 cents per share payable on January 15, 2015 to shareholders of record on December 26, 2014. The dividend indicates an annual rate of $1.50 per share.
And, Brandywine Realty Trust (BDN) has declared a quarterly cash dividend of $0.15 per common share, payable on January 20, 2015 to holders of record on January 6, 2015.
VIDEO: Daily Dividend Report: USB, ABM, WDFC, JPM, MON, AMAT, OMC, VMI, BDN
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 ) has declared a first quarter cash dividend of $0.16 per common share, payable on February 2, 2015 to stockholders of record on January 2, 2015. This will be ABM's 195th consecutive quarterly cash dividend. VIDEO: Daily Dividend Report: USB, ABM, WDFC, JPM, MON, AMAT, OMC, VMI, BDN 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 ) has declared a first quarter cash dividend of $0.16 per common share, payable on February 2, 2015 to stockholders of record on January 2, 2015. VIDEO: Daily Dividend Report: USB, ABM, WDFC, JPM, MON, AMAT, OMC, VMI, BDN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. This will be ABM's 195th consecutive quarterly cash dividend. | ABM ( ABM ) has declared a first quarter cash dividend of $0.16 per common share, payable on February 2, 2015 to stockholders of record on January 2, 2015. This will be ABM's 195th consecutive quarterly cash dividend. VIDEO: Daily Dividend Report: USB, ABM, WDFC, JPM, MON, AMAT, OMC, VMI, BDN 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 ) has declared a first quarter cash dividend of $0.16 per common share, payable on February 2, 2015 to stockholders of record on January 2, 2015. This will be ABM's 195th consecutive quarterly cash dividend. VIDEO: Daily Dividend Report: USB, ABM, WDFC, JPM, MON, AMAT, OMC, VMI, BDN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
29627.0 | 2014-12-08 00:00:00 UTC | After-Hours Earnings Report for December 8, 2014 : HRB, ABM, DMND, PLAB, MCC, PBY | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-december-8-2014-hrb-abm-dmnd-plab-mcc-pby-2014-12-08 | nan | nan | The following companies are expected to report earnings after hours on 12/08/2014. Visit our Earnings Calendar for a full list of expected earnings releases.
H&R Block, Inc. ( HRB ) is reporting for the quarter ending October 31, 2014. The business services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.42. This value represents a no change for the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for HRB is 17.82 vs. an industry ratio of 32.60.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2014. The building maintenance & services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.55. This value represents a 14.58% increase compared to the same quarter last year. ABM missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -17.5%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 16.97 vs. an industry ratio of 22.70.
Diamond Foods, Inc. ( DMND ) is reporting for the quarter ending October 31, 2014. The food company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.24. This value represents a 33.33% increase compared to the same quarter last year. DMND missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -31.25%. The "days to cover" for this stock exceeds 13 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for DMND is 28.11 vs. an industry ratio of 12.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Photronics, Inc. ( PLAB ) is reporting for the quarter ending October 31, 2014. The capital goods company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.09. This value represents a no change for the same quarter last year. The last two quarters PLAB had negative earnings surprises; the latest report they missed by -50%. The "days to cover" for this stock exceeds 33 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PLAB is 42.86 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Medley Capital Corporation ( MCC ) is reporting for the quarter ending September 30, 2014. The finance/investment management company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.38. This value represents a 7.32% decrease compared to the same quarter last year. In the past year MCC has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 7.89%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for MCC is 6.72 vs. an industry ratio of 20.90.
Pep Boys-Manny, Moe & Jack ( PBY ) is reporting for the quarter ending October 31, 2014. The wholesale retail company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.11. This value represents a 120.00% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for PBY is 56.94 vs. an industry ratio of 20.10, 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 October 31, 2014. ABM missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -17.5%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 16.97 vs. an industry ratio of 22.70. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2014. ABM missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -17.5%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 16.97 vs. an industry ratio of 22.70. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2014. ABM missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -17.5%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 16.97 vs. an industry ratio of 22.70. | ABM missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -17.5%. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2014. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 16.97 vs. an industry ratio of 22.70. |
29628.0 | 2014-11-24 00:00:00 UTC | ABM to Boost OH School Infrastructure, Shares Slightly Up - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-to-boost-oh-school-infrastructure-shares-slightly-up-analyst-blog-2014-11-24 | nan | nan | ABM Building Solutions business, a part of ABM Industries Incorporated ( ABM ), has recently been selected by the Perrysburg Exempted Village School District to implement infrastructure improvements to each of the six schools within the district. Shares of ABM Industries gained marginally on Nov 21, following the announcement.
ABM will provide facility improvements to the six schools as well as on the administration, maintenance and transportation buildings. The improvements will include installation of building envelope improvements, lighting enhancements, other control upgrades and water conservation methods. ABM's expertise with its energy solutions program is likely to generate additional savings for the schools.
Under this contract, ABM will assist in the utilization of Ohio HB264 - the state's energy conservation program, which allows school districts to make energy efficiency improvements to their buildings and use the cost savings to pay for these improvements. Going forward, Perrysburg school district is expected to benefit from state's energy conservation program with minimum expected savings of $4.9 million in energy and operating costs over a 15-year term. These solutions are expected to enhance the learning environment for students and reduce the district's operating costs without any additional taxpayer burden.
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 #3 (Hold). Other stocks that look promising and are worth a look include CoreLogic, Inc. ( CLGX ), carrying a Zacks Rank #1 (Strong Buy), and Rollins Inc. ( ROL ) and ServiceMaster Global Holdings, Inc. ( SERV ), 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 Solutions business, a part of ABM Industries Incorporated ( ABM ), has recently been selected by the Perrysburg Exempted Village School District to implement infrastructure improvements to each of the six schools within the district. Shares of ABM Industries gained marginally on Nov 21, following the announcement. ABM will provide facility improvements to the six schools as well as on the administration, maintenance and transportation buildings. | Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Building Solutions business, a part of ABM Industries Incorporated ( ABM ), has recently been selected by the Perrysburg Exempted Village School District to implement infrastructure improvements to each of the six schools within the district. Shares of ABM Industries gained marginally on Nov 21, following the announcement. | ABM Building Solutions business, a part of ABM Industries Incorporated ( ABM ), has recently been selected by the Perrysburg Exempted Village School District to implement infrastructure improvements to each of the six schools within the district. Under this contract, ABM will assist in the utilization of Ohio HB264 - the state's energy conservation program, which allows school districts to make energy efficiency improvements to their buildings and use the cost savings to pay for these improvements. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report SERVICEMASTR GH (SERV): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM will provide facility improvements to the six schools as well as on the administration, maintenance and transportation buildings. Under this contract, ABM will assist in the utilization of Ohio HB264 - the state's energy conservation program, which allows school districts to make energy efficiency improvements to their buildings and use the cost savings to pay for these improvements. ABM Building Solutions business, a part of ABM Industries Incorporated ( ABM ), has recently been selected by the Perrysburg Exempted Village School District to implement infrastructure improvements to each of the six schools within the district. |
29629.0 | 2014-09-29 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for September 30, 2014 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-september-30-2014-2014-09-29 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on September 30, 2014. A cash dividend payment of $0.155 per share is scheduled to be paid on November 03, 2014. Shareholders who purchased ABM stock 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 $26.23, the dividend yield is 2.36%.
The previous trading day's last sale of ABM was $26.23, representing a -11.08% decrease from the 52 week high of $29.50 and a 8.3% 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 United Rentals, Inc. ( URI ). ABM's current earnings per share, an indicator of a company's profitability, is $1.27. Zacks Investment Research reports ABM's forecasted earnings growth in 2014 as 5.48%, compared to an industry average of 8.7%.
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:
RevenueShares Small Cap ( RWJ )
Schwab Fundamental U.S. Small Company Index ETF ( FNDA )
Schwab U.S. Small-Cap ETF ( SCHA )
Schwab Fundamental U.S. Broad Market Index ETF ( FNDB )
Schwab U.S. Broad Market ETF ( SCHB ).
The top-performing ETF of this group is SCHB with an increase of 5.4% over the last 100 days. RWJ has the highest percent weighting of ABM at 0.76%.
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 stock 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 United Rentals, Inc. ( URI ). Zacks Investment Research reports ABM's forecasted earnings growth in 2014 as 5.48%, compared to an industry average of 8.7%. | The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). 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 September 30, 2014. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on September 30, 2014. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). | Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on September 30, 2014. |
29630.0 | 2014-09-17 00:00:00 UTC | BND, UXI: Big ETF Inflows | ABM | https://www.nasdaq.com/articles/bnd-uxi-big-etf-inflows-2014-09-17 | nan | nan | Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Vanguard Total Bond Market ETF ( BND ), which added 8.1 million units, or a 3.1% increase week over week.
And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra Industrials ETF ( UXI ), which added 150,000 units, for a 40.0% increase in outstanding units. Among the largest underlying components of UXI, in morning trading today 3M Company ( MMM ) is up about 0.4%, and ABM Industries ( ABM ) is relatively unchanged.
VIDEO: BND, UXI: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of UXI, in morning trading today 3M Company ( MMM ) is up about 0.4%, and ABM Industries ( ABM ) is relatively unchanged. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Vanguard Total Bond Market ETF ( BND ), which added 8.1 million units, or a 3.1% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra Industrials ETF ( UXI ), which added 150,000 units, for a 40.0% increase in outstanding units. | Among the largest underlying components of UXI, in morning trading today 3M Company ( MMM ) is up about 0.4%, and ABM Industries ( ABM ) is relatively unchanged. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Vanguard Total Bond Market ETF ( BND ), which added 8.1 million units, or a 3.1% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra Industrials ETF ( UXI ), which added 150,000 units, for a 40.0% increase in outstanding units. | Among the largest underlying components of UXI, in morning trading today 3M Company ( MMM ) is up about 0.4%, and ABM Industries ( ABM ) is relatively unchanged. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Vanguard Total Bond Market ETF ( BND ), which added 8.1 million units, or a 3.1% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra Industrials ETF ( UXI ), which added 150,000 units, for a 40.0% increase in outstanding units. | Among the largest underlying components of UXI, in morning trading today 3M Company ( MMM ) is up about 0.4%, and ABM Industries ( ABM ) is relatively unchanged. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Vanguard Total Bond Market ETF ( BND ), which added 8.1 million units, or a 3.1% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Proshares Ultra Industrials ETF ( UXI ), which added 150,000 units, for a 40.0% increase in outstanding units. |
29631.0 | 2014-09-04 00:00:00 UTC | ABM Crosses Above Key Moving Average Level | ABM | https://www.nasdaq.com/articles/abm-crosses-above-key-moving-average-level-2014-09-04 | nan | nan | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $27.16, changing hands as high as $28.98 per share. ABM Industries, Inc. shares are currently trading up about 6.2% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average:
Looking at the chart above, ABM's low point in its 52 week range is $24.22 per share, with $29.50 as the 52 week high point - that compares with a last trade of $28.19.
According to the ETF Finder at ETF Channel, ABM makes up 2.75% of the Environmental Services ETF (Symbol: EVX) which is trading relatively unchanged on the day Thursday.
Click here to find out which 9 other 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 Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $27.16, changing hands as high as $28.98 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 $24.22 per share, with $29.50 as the 52 week high point - that compares with a last trade of $28.19. ABM Industries, Inc. shares are currently trading up about 6.2% on the day. | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $27.16, changing hands as high as $28.98 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 $24.22 per share, with $29.50 as the 52 week high point - that compares with a last trade of $28.19. ABM Industries, Inc. shares are currently trading up about 6.2% on the day. | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $27.16, changing hands as high as $28.98 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 $24.22 per share, with $29.50 as the 52 week high point - that compares with a last trade of $28.19. ABM Industries, Inc. shares are currently trading up about 6.2% on the day. | In trading on Thursday, shares of ABM Industries, Inc. (Symbol: ABM) crossed above their 200 day moving average of $27.16, changing hands as high as $28.98 per share. ABM Industries, Inc. shares are currently trading up about 6.2% on the day. The chart below shows the one year performance of ABM shares, versus its 200 day moving average: Looking at the chart above, ABM's low point in its 52 week range is $24.22 per share, with $29.50 as the 52 week high point - that compares with a last trade of $28.19. |
29632.0 | 2014-09-04 00:00:00 UTC | ABM Beats Q3 Earnings with Record Revenues, Guidance Up - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-beats-q3-earnings-with-record-revenues-guidance-up-analyst-blog-2014-09-04 | nan | nan | Business services provider ABM Industries Incorporated ( ABM ) reported third-quarter fiscal 2014 adjusted earnings of 47 cents per share, which exceeded the Zacks Consensus Estimate by a couple of cents. The recurring earnings also compared favorably with the year-ago adjusted tally of 41 cents.
ABM Industries Incorporated - Earnings Surprise | FindTheBest
GAAP earnings for the reported quarter were $19.4 million or 34 cents per share compared with $16.0 million or 29 cents per share in the year-earlier quarter. The year-over-year increase in earnings was primarily attributable to record revenues, driven by healthy organic and inorganic growth.
Total quarterly revenue increased 4.9% year over year to an all-time high of $1,276.1 million with 3.8% organic growth and accretive acquisitions. Revenues for the reported quarter marginally beat the Zacks Consensus Estimate of $1,275 million.
Segment Performance
Janitorial : Quarterly revenues from the segment increased 3.5% year over year to $648.3 million due to significant new business wins and robust performance in the West and Midwest regions. Segment operating profit improved 17.4% to $40.4 million owing to lower labor costs associated with safety initiatives, realignment savings and new business.
Facility Services : Revenues decreased 1.2% year over year to $151.0 million, while operating profit increased 7.1% to $7.5 million.
Parking : Revenues from this segment were up 1.6% year over year to $156.5 million, while operating profit expanded 14.6% to $9.4 million due to the termination of lower margin contracts and stringent cost management.
Security : The segment reported revenues of $95.4 million compared with $96.2 million in the year-ago quarter, representing a 0.8% year-over-year decrease. Operating profit was down 2.5% to $3.9 million.
Building & Energy Solutions : Revenues from the segment were up 21.5% to $127.5 million, driven by strong organic growth in healthcare, energy and government businesses and accretive acquisitions. Operating profit improved 15.3% to $3.5 million due to new businesses and inorganic growth.
Other : Revenues improved 17.9% year over year to $97.4 million due to strong organic growth and the Aug 2013 acquisition of Blackjack, while operating profit increased 18.4% to $4.5 million.
Adjusted operating profit was up 15.6% year over year to $46.7 million with strong top-line growth and margin improvement, partially offset by higher operating expenses on new business and increased compensation expense to support growth initiatives. Adjusted EBITDA were up 9.1% to $62.4 million, due to margin improvement in Janitorial, Parking, Building & Energy Solutions, and Air Serv businesses.
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.
Financial Position
Cash and cash equivalents at quarter end were $24.6 million. Net cash from operations declined 59% to $19.3 million, largely due to delayed client collections and higher taxes paid. Outstanding debt under its credit facility was down to $311.7 million from $327.2 million in the previous quarter.
ABM repurchased $10.0 million worth of shares in the reported quarter and maintained its quarterly cash dividend at 15.5 cents per share, which represents its 194th consecutive quarterly dividend payment.
Outlook
ABM increased its guidance for fiscal 2014. The company expects adjusted income in the range of $1.65 to $1.69 per share, up from previous expectations of $1.58 to $1.68. After-tax net income is expected to be $1.42 to $1.46 per share, up from the prior guided range of $1.38 to $1.48.
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 #4 (Sell). Other players in the industry that warrant a look include Huron Consulting Group Inc. ( HURN ), CBIZ, Inc. ( CBZ ) and FTI Consulting, Inc. ( FCN ), all of which 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. | Business services provider ABM Industries Incorporated ( ABM ) reported third-quarter fiscal 2014 adjusted earnings of 47 cents per share, which exceeded the Zacks Consensus Estimate by a couple of cents. ABM Industries Incorporated - Earnings Surprise | FindTheBest GAAP earnings for the reported quarter were $19.4 million or 34 cents per share compared with $16.0 million or 29 cents per share in the year-earlier quarter. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. | Business services provider ABM Industries Incorporated ( ABM ) reported third-quarter fiscal 2014 adjusted earnings of 47 cents per share, which exceeded the Zacks Consensus Estimate by a couple of cents. Click to get this free report FTI CONSULTING (FCN): Free Stock Analysis Report HURON CONSLT GP (HURN): 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 Incorporated - Earnings Surprise | FindTheBest GAAP earnings for the reported quarter were $19.4 million or 34 cents per share compared with $16.0 million or 29 cents per share in the year-earlier quarter. | ABM Industries Incorporated - Earnings Surprise | FindTheBest GAAP earnings for the reported quarter were $19.4 million or 34 cents per share compared with $16.0 million or 29 cents per share in the year-earlier quarter. Click to get this free report FTI CONSULTING (FCN): Free Stock Analysis Report HURON CONSLT GP (HURN): 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. Business services provider ABM Industries Incorporated ( ABM ) reported third-quarter fiscal 2014 adjusted earnings of 47 cents per share, which exceeded the Zacks Consensus Estimate by a couple of cents. | Business services provider ABM Industries Incorporated ( ABM ) reported third-quarter fiscal 2014 adjusted earnings of 47 cents per share, which exceeded the Zacks Consensus Estimate by a couple of cents. ABM Industries Incorporated - Earnings Surprise | FindTheBest GAAP earnings for the reported quarter were $19.4 million or 34 cents per share compared with $16.0 million or 29 cents per share in the year-earlier quarter. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. |
29633.0 | 2014-09-03 00:00:00 UTC | #PreMarket Primer: Wednesday, September 3: ISIS Releases Another Beheading Video | ABM | https://www.nasdaq.com/articles/premarket-primer-wednesday-september-3-isis-releases-another-beheading-video-2014-09-03 | nan | nan | Islamic State militants released another video depicting the beheading of a second American journalist in as many weeks. Following the release of the video, The Wall Street Journal reported that President Obama ordered 350 additional military troops to travel to Iraq in order to protect U.S. diplomatic facilities.
ISIS has said the beheadings were in retaliation to U.S. airstrikes in Iraq and will likely put more pressure on the White House to take stronger action against the group. However, Obama has shown no signs of shifting his current course so far.
Top News
In other news around the markets:
Home Depot (NYSE: HD ) is looking into a security breach that could have exposed customer credit and debit card data. The company has admitted to looking into "unusual activity," but is waiting to announce the details until a data breach has been confirmed. On Tuesday, Home Depot assured customers that they would be notified as soon as possible if their data is at risk. On Wednesday, CVS Caremark (NYSE: CVS ) is expected to announce a new name that will coincide with its final sale of tobacco products across the U.S. The company, slated to be called CVS Health, will be losing out on $2 billion in annual sales from tobacco products, but is hoping to distinguish itself from other pharmacies as a provider of health services. Apple (NASDAQ: AAPL ) is racing to do damage control after a recent security breach in its iCloud data resulted in the release of several nude celebrity photos. The company is gearing up for a new product launch on September 9, and the iCloud issues could hang a dark cloud over the highly anticipated introduction of Apple's latest offerings. Disappointment over China's weak manufacturing PMI reading was offset on Wednesday after the nation's services sector improved in August. HSBC's services PMI reading for China was 54.2 in August, a surprisingly large jump from July's 50.0 reading. Asian Markets
Asian markets were mostly higher with the exception of the KOSPI, which lost 0.02 percent. The NIKKEI was up 0.38 percent, the Shanghai composite rose 0.83 percent, the Shenzhen composite rose 0.75 percent and the Hang Seng index was up 1.91 percent.
European Markets
Europe's markets began the day on a high note; the FTSE rose 0.26 percent, the STOXX 600 was up 0.27 percent, the DAX gained 0.35 percent and the CAC 40 was up 0.40 percent.
Commodities
Energy futures rose on Wednesday; Brent futures gained 0.43 percent, and WTI futures were up 0.37 percent. Gold and silver gained 0.33 percent and 0.46 percent, respectively, and industrial metals were mostly higher with the exception of tin, which lost 0.62 percent. Copper gained 0.05 percent, aluminum rose 0.57 percent and zinc gained 0.89 percent.
Currencies
The euro was steady at $1.3134, but lost 0.05 percent against the pound and 0.17 percent against the yen. The dollar also lost against the yen, down 0.12 percent, and fell 0.03 percent against the pound and 0.31 percent against the Australian dollar.
Earnings
Notable earnings released on Tuesday included:
Conn's (NASDAQ: CONN ) reported second quarter EPS of $0.50 on revenue of $353.00 million, compared to last year's EPS of $0.52 on revenue of $270.69 million. Aviat Networks (NASDAQ: AVNW ) reported a fourth quarter loss of $0.13 on revenue of $85.09 million, compared to last year's EPS of $0.01 on revenue of $109.00 million. PreMarket Movers
Stocks moving in the premarket included:
Under Armour (NYSE: UA ) was up 0.84 percent in premarket trade after rising 4.05 percent on Tuesday. Yahoo! (NASDAQ: YHOO ) gained 0.84 percent in premarket trade after rising 1.97 percent on Tuesday. Bank of America (NYSE: BAC ) was up 0.62 percent in premarket trade after gaining 1.12 percent on Tuesday. Transocean (NYSE: RIG ) was up 0.58 percent in premarket trade after losing 1.40 percent over the past five days. Earnings
Notable earnings expected on Wednesday include:
Navistar International (NYSE: NAV ) is expected to report a third quarter loss of $0.66 on revenue of $2.96 billion, compared to last year's loss of $2.94 on revenue of $2.86 billion. PVH (NYSE: PVH ) is expected to report second quarter EPS of $1.42 on revenue of $1.99 billion, compared to last year's EPS of $1.39 on revenue of $1.96 billion. ABM Industries (NYSE: ABM ) is expected to report third quarter EPS of $0.46 on revenue of $1.27 billion, compared to last year's EPS of $0.41 on revenue of $1.22 billion. Toll Brothers (NYSE: TOL ) is expected to report third quarter EPS of $0.45 on revenue of $989.29 million, compared to last year's EPS of $0.26 on revenue of $689.16 million. Economics
PMI readings will dominate theeconomic calendaragain on Wednesday with Germany, Spain, Italy, France, the eurozone and the U.K. set to release services PMI figures. Other notable economic releases will include the U.S. redbook and eurozone retail sales.
For a recap of Tuesday's market action, click .
Tune into Benzinga's pre-market info show with Nigam Arora, Harlan Pyan & Jason Sen here .
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries (NYSE: ABM ) is expected to report third quarter EPS of $0.46 on revenue of $1.27 billion, compared to last year's EPS of $0.41 on revenue of $1.22 billion. ISIS has said the beheadings were in retaliation to U.S. airstrikes in Iraq and will likely put more pressure on the White House to take stronger action against the group. Apple (NASDAQ: AAPL ) is racing to do damage control after a recent security breach in its iCloud data resulted in the release of several nude celebrity photos. | ABM Industries (NYSE: ABM ) is expected to report third quarter EPS of $0.46 on revenue of $1.27 billion, compared to last year's EPS of $0.41 on revenue of $1.22 billion. Earnings Notable earnings released on Tuesday included: Conn's (NASDAQ: CONN ) reported second quarter EPS of $0.50 on revenue of $353.00 million, compared to last year's EPS of $0.52 on revenue of $270.69 million. Earnings Notable earnings expected on Wednesday include: Navistar International (NYSE: NAV ) is expected to report a third quarter loss of $0.66 on revenue of $2.96 billion, compared to last year's loss of $2.94 on revenue of $2.86 billion. | ABM Industries (NYSE: ABM ) is expected to report third quarter EPS of $0.46 on revenue of $1.27 billion, compared to last year's EPS of $0.41 on revenue of $1.22 billion. The NIKKEI was up 0.38 percent, the Shanghai composite rose 0.83 percent, the Shenzhen composite rose 0.75 percent and the Hang Seng index was up 1.91 percent. European Markets Europe's markets began the day on a high note; the FTSE rose 0.26 percent, the STOXX 600 was up 0.27 percent, the DAX gained 0.35 percent and the CAC 40 was up 0.40 percent. | ABM Industries (NYSE: ABM ) is expected to report third quarter EPS of $0.46 on revenue of $1.27 billion, compared to last year's EPS of $0.41 on revenue of $1.22 billion. Apple (NASDAQ: AAPL ) is racing to do damage control after a recent security breach in its iCloud data resulted in the release of several nude celebrity photos. European Markets Europe's markets began the day on a high note; the FTSE rose 0.26 percent, the STOXX 600 was up 0.27 percent, the DAX gained 0.35 percent and the CAC 40 was up 0.40 percent. |
29634.0 | 2014-09-03 00:00:00 UTC | Earnings Reaction History: ABM Industries Inc., % Follow-Through Indicator, 2.9% Sensitive | ABM | https://www.nasdaq.com/articles/earnings-reaction-history-abm-industries-inc-follow-through-indicator-29-sensitive-2014-09 | nan | nan | Expected Earnings Release: 09/03/2014, After-hours
Avg. Extended-Hours Dollar Volume: $833,199
ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 0%
Average next regular session additional gain: 0%
There have not been any meaningful extended-hours earnings related price reactions over the previous 3 years (12 quarters) in this direction.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 0%
Average next regular session additional loss: 0%
There have not been any meaningful extended-hours earnings related price reactions over the previous 3 years (12 quarters) in this direction.
Data provided by the MT Pro service at MTNewswires.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Extended-Hours Dollar Volume: $833,199 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. | Extended-Hours Dollar Volume: $833,199 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 0% Average next regular session additional gain: 0% There have not been any meaningful extended-hours earnings related price reactions over the previous 3 years (12 quarters) in this direction. | Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Extended-Hours Dollar Volume: $833,199 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 0% Average next regular session additional gain: 0% There have not been any meaningful extended-hours earnings related price reactions over the previous 3 years (12 quarters) in this direction. | Extended-Hours Dollar Volume: $833,199 ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Historical earnings event related premarket and after-hours trading activity in ABM indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. |
29635.0 | 2014-09-03 00:00:00 UTC | After-Hours Earnings Report for September 3, 2014 : PVH, HRB, ABM, AVAV, MTRX, BV, SCVL, CBK, MIND, ENVI, LPTH | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-september-3-2014-pvh-hrb-abm-avav-mtrx-bv-scvl-cbk-mind-envi | nan | nan | The following companies are expected to report earnings after hours on 09/03/2014. Visit our Earnings Calendar for a full list of expected earnings releases.
PVH Corp. ( PVH ) is reporting for the quarter ending July 31, 2014. The textile company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.43. This value represents a 2.88% increase compared to the same quarter last year. The last two quarters PVH had negative earnings surprises; the latest report they missed by -1.34%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for PVH is 15.81 vs. an industry ratio of 24.30.
H&R Block, Inc. ( HRB ) is reporting for the quarter ending July 31, 2014. The business services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.41. This value represents a 2.50% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for HRB is 17.23 vs. an industry ratio of 24.70.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2014. The building maintenance & services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.45. This value represents a 9.76% increase compared to the same quarter last year. ABM missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -17.5%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 16.82 vs. an industry ratio of 22.40.
AeroVironment, Inc. ( AVAV ) is reporting for the quarter ending July 31, 2014. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.08. This value represents a 52.94% increase compared to the same quarter last year. AVAV missed the consensus earnings per share in the 3rd calendar quarter of 2013 by -142.86%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AVAV is 554.83 vs. an industry ratio of 28.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Matrix Service Company ( MTRX ) is reporting for the quarter ending June 30, 2014. The oil field machinery & equipment company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.37. This value represents a 32.14% increase compared to the same quarter last year. MTRX missed the consensus earnings per share in the 3rd calendar quarter of 2013 by -3.85%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for MTRX is 20.29 vs. an industry ratio of 15.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Bazaarvoice, Inc. ( BV ) is reporting for the quarter ending July 31, 2014. The internet software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.17. This value represents a 70.00% decrease 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. The "days to cover" for this stock exceeds 24 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for BV is -13.48 vs. an industry ratio of 29.30.
Shoe Carnival, Inc. ( SCVL ) is reporting for the quarter ending July 31, 2014. The retail (shoe) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.17. This value represents a 41.38% decrease compared to the same quarter last year. The last two quarters SCVL had negative earnings surprises; the latest report they missed by -4.26%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for SCVL is 17.33 vs. an industry ratio of 14.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Christopher & Banks Corporation ( CBK ) is reporting for the quarter ending July 31, 2014. The retail (shoe) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.05. This value represents a 600.00% increase compared to the same quarter last year. In the past year CBK has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 250%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CBK is 36.59 vs. an industry ratio of 14.60, 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, 2014. The oil field machinery & equipment company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.04. This value represents a 20.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for MIND is 16.85 vs. an industry ratio of 15.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Envivio, Inc. ( ENVI ) is reporting for the quarter ending July 31, 2014. The communications company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.07. This value represents a 22.22% increase compared to the same quarter last year. ENVI missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -88.89%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ENVI is -5.22 vs. an industry ratio of 13.80.
LightPath Technologies, Inc. ( LPTH ) is reporting for the quarter ending June 30, 2014. The electrical instrument company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.00. This value represents a 100.00% increase compared to the same quarter last year. In the past year LPTH and beat the expectations the other quarter. Zacks Investment Research reports that the 2014 Price to Earnings ratio for LPTH is -40.67 vs. an industry ratio of 8.90.
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, 2014. ABM missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -17.5%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 16.82 vs. an industry ratio of 22.40. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2014. ABM missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -17.5%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 16.82 vs. an industry ratio of 22.40. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2014. ABM missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -17.5%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 16.82 vs. an industry ratio of 22.40. | ABM missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -17.5%. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending July 31, 2014. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 16.82 vs. an industry ratio of 22.40. |
29636.0 | 2014-09-02 00:00:00 UTC | Will ABM Industries (ABM) Q3 Earnings Disappoint Yet Again? - Analyst Blog | ABM | https://www.nasdaq.com/articles/will-abm-industries-abm-q3-earnings-disappoint-yet-again-analyst-blog-2014-09-02 | nan | nan | Business services provider ABM Industries Incorporated ( ABM ) is scheduled to report its third-quarter fiscal 2014 results after the closing bell on Sep 3. In the last reported quarter, ABM's non-GAAP earnings fairly missed the Zacks Consensus Estimate. Let's see how things are shaping up for this announcement.
Growth Factors in the Third Quarter
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.
Recently, ABM acquired Airco Commercial Services Inc. for an undisclosed amount to augment its Northern California presence. Airco Commercial is a leading provider of heating, ventilation and air conditioning (HVAC) service, energy solutions and building controls in commercial and industrial buildings in Northern California. With the acquisition, ABM is expected to provide energy-efficient solutions to electrical, engineering, janitorial, landscape, security and parking clients throughout the region. This deal will likely strengthen its position in the market and unlock additional values by generating incremental revenue stream and minimizing operating expenses for clients.
ABM has a healthy pipeline of businesses with strength particularly seen in its government business. The company expects to improve its profitability with the seamless integration of acquired businesses and newer contracts. The corporate restructuring initiatives are also well on track to yield sustained long-term growth momentum.
Earnings Whispers
Despite focused attempts to restructure its business, our proven model conclusively shows that ABM is likely to miss earnings this quarter as it lacks the key ingredients for a success recipe.
Negative 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 -2.22%. This indicates likely earnings miss for the shares.
Zacks Rank #4 (Sell): ABM's Zacks Rank #4 further tilts the predictive power of ESP in the negative direction. Note that stocks with Zacks Ranks of #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.
Other 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:
Limoneira Company ( LMNR ), earnings ESP of +12.50% and Zacks Rank #2 (Buy).
Shoe Carnival Inc. ( SCVL ), earnings ESP of +5.88% and Zacks Rank #2 (Buy).
Zumiez, Inc. ( ZUMZ ), earnings ESP of +4.55% and Zacks Rank #2 (Buy).
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ABM INDUSTRIES (ABM): Free Stock Analysis Report
SHOE CARNIVAL (SCVL): Free Stock Analysis Report
LIMONEIRA CO (LMNR): 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. | With the acquisition, ABM is expected to provide energy-efficient solutions to electrical, engineering, janitorial, landscape, security and parking clients throughout the region. Business services provider ABM Industries Incorporated ( ABM ) is scheduled to report its third-quarter fiscal 2014 results after the closing bell on Sep 3. In the last reported quarter, ABM's non-GAAP earnings fairly missed the Zacks Consensus Estimate. | Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report SHOE CARNIVAL (SCVL): Free Stock Analysis Report LIMONEIRA CO (LMNR): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries Incorporated ( ABM ) is scheduled to report its third-quarter fiscal 2014 results after the closing bell on Sep 3. In the last reported quarter, ABM's non-GAAP earnings fairly missed the Zacks Consensus Estimate. | Click to get this free report ZUMIEZ INC (ZUMZ): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report SHOE CARNIVAL (SCVL): Free Stock Analysis Report LIMONEIRA CO (LMNR): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries Incorporated ( ABM ) is scheduled to report its third-quarter fiscal 2014 results after the closing bell on Sep 3. In the last reported quarter, ABM's non-GAAP earnings fairly missed the Zacks Consensus Estimate. | In the last reported quarter, ABM's non-GAAP earnings fairly missed the Zacks Consensus Estimate. Business services provider ABM Industries Incorporated ( ABM ) is scheduled to report its third-quarter fiscal 2014 results after the closing bell on Sep 3. Growth Factors in the Third Quarter 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. |
29637.0 | 2014-08-08 00:00:00 UTC | ABM Acquires Airco Commercial Services to Boost CA Presence - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-acquires-airco-commercial-services-to-boost-ca-presence-analyst-blog-2014-08-08 | nan | nan | ABM Building & Energy Solutions, a division of ABM Industries Inc.'s ( ABM ) Facility Solutions Group, recently acquired Airco Commercial Services Inc. for an undisclosed amount to augment its Northern California presence.
Airco Commercial is a leading provider of heating, ventiallation and air conditioning (HVAC) service, energy solutions and building controls in commercial and industrial buildings in Northern California. With the acquisition, ABM is expected to provide energy-efficient solutions to electrical, engineering, janitorial, landscape, security and parking clients throughout the region. This deal will likely strengthen its position in the market and unlock additional values by generating incremental revenue stream. The deal would further enable ABM to minimize operating expenses for its clients.
ABM aims to strategically expand through both organic and inorganic growth. The acquisition 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 #3 (Hold). Other stocks that look promising and are worth a look include Treehouse Foods, Inc.( THS ), carrying a Zacks Rank #1 (Strong Buy), and Rollins Inc. ( ROL ) and Pinnacle Foods Inc. ( PF ), 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. | With the acquisition, ABM is expected to provide energy-efficient solutions to electrical, engineering, janitorial, landscape, security and parking clients throughout the region. ABM Building & Energy Solutions, a division of ABM Industries Inc.'s ( ABM ) Facility Solutions Group, recently acquired Airco Commercial Services Inc. for an undisclosed amount to augment its Northern California presence. The deal would further enable ABM to minimize operating expenses for its clients. | ABM, a leading provider of facility solutions, provides engineering, janitorial, parking, and security services to thousands of commercial, industrial, institutional, and retail facilities. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report PINNACLE FOODS (PF): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TREEHOUSE FOODS (THS): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Building & Energy Solutions, a division of ABM Industries Inc.'s ( ABM ) Facility Solutions Group, recently acquired Airco Commercial Services Inc. for an undisclosed amount to augment its Northern California presence. | ABM Building & Energy Solutions, a division of ABM Industries Inc.'s ( ABM ) Facility Solutions Group, recently acquired Airco Commercial Services Inc. for an undisclosed amount to augment its Northern California presence. ABM, a leading provider of facility solutions, provides engineering, janitorial, parking, and security services to thousands of commercial, industrial, institutional, and retail facilities. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report PINNACLE FOODS (PF): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TREEHOUSE FOODS (THS): Free Stock Analysis Report To read this article on Zacks.com click here. | 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.'s ( ABM ) Facility Solutions Group, recently acquired Airco Commercial Services Inc. for an undisclosed amount to augment its Northern California presence. With the acquisition, ABM is expected to provide energy-efficient solutions to electrical, engineering, janitorial, landscape, security and parking clients throughout the region. |
29638.0 | 2014-06-30 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for July 01, 2014 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-july-01-2014-2014-06-30 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 01, 2014. A cash dividend payment of $0.155 per share is scheduled to be paid on August 04, 2014. Shareholders who purchased ABM stock 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 $26.71, the dividend yield is 2.32%.
The previous trading day's last sale of ABM was $26.71, representing a -9.46% decrease from the 52 week high of $29.50 and a 10.78% increase over the 52 week low of $24.11.
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 $1.22. Zacks Investment Research reports ABM's forecasted earnings growth in 2014 as 5.76%, 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:
RevenueShares Small Cap ( RWJ )
Schwab Fundamental U.S. Small Company Index ETF ( FNDA )
Schwab U.S. Small-Cap ETF ( SCHA )
Schwab Fundamental U.S. Broad Market Index ETF ( FNDB )
Schwab U.S. Broad Market ETF ( SCHB ).
The top-performing ETF of this group is FNDB with an increase of 13.25% over the last 100 days. RWJ has the highest percent weighting of ABM at 0.76%.
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 stock 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 United Rentals, Inc. ( URI ). Zacks Investment Research reports ABM's forecasted earnings growth in 2014 as 5.76%, compared to an industry average of 8.8%. | The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). 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 01, 2014. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 01, 2014. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). | Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 01, 2014. |
29639.0 | 2014-06-04 00:00:00 UTC | ABM Q2 Earnings Miss Ests Despite Record Revs - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-q2-earnings-miss-ests-despite-record-revs-analyst-blog-2014-06-04 | nan | nan | Business services provider ABM Industries Incorporated ( ABM ) reported second-quarter fiscal 2014 adjusted earnings of 33 cents per share, well below the Zacks Consensus Estimate of 40 cents. The recurring earnings compared unfavorably with the year-ago adjusted tally of 36 cents, which benefited from a lower share count.
GAAP earnings for the reported quarter were $15.2 million or 27 cents per share compared with $19.3 million or 35 cents per share in the year-earlier quarter. The year-over-year decrease in earnings was primarily attributable to higher legal expenses, additional start-up costs due to newer contracts and inclement weather conditions.
Total quarterly revenue increased 4.9% year over year to an all-time high of $1,231.3 million with healthy organic growth of 4.1% from new business and expansion of services. Revenues for the reported quarter beat the Zacks Consensus Estimate of $1,227 million.
Segment Performance
Janitorial: Quarterly revenues from the segment increased 3.1% year over year to $631.7 million due to significant new business wins and robust discretionary tag sales. However, segment operating profit declined 3.5% to $29.1 million owing to higher initial costs associated with a new contract and steep rise in legal expenses.
Facility Services: Revenues improved 1.4% year over year to $149.5 million, while operating profit declined 12.9% to $5.4 million.
Parking: Revenues from this segment were marginally up by 0.7% year over year to $152.6 million, while operating profit expanded 4.9% to $6.4 million due to the termination of lower margin contracts and stringent cost management.
Security: The segment reported revenues of $93.8 million compared with $91.5 million in the year-ago quarter, representing a 2.5% year-over-year increase. Operating profit increased 4.8% to $2.2 million, benefiting from new business and sales associated with bundled services.
Building & Energy Solutions: Revenues from the segment were up 26.2% to $118.5 million, driven by healthy government business, bundled energy solutions and the accretive acquisition of BEST Infrared Services and Alpha Mechanical. Operating profit more than doubled to $3.5 million with stringent cost-cutting measures, top-line growth and benefits from investments in healthcare vertical and energy businesses.
Other: Revenues improved 12.0% year over year to $85.2 million due to strong organic growth and the Aug 2013 acquisition of Blackjack, while operating profit declined 4.0% to $2.4 million owing to high start-up costs.
Adjusted EBITDA decreased 5.0% in the reported quarter to $49.4 million, driven by increased legal expenses of $1.6 million, higher start-up costs of $1.5 million related to new contracts, and $0.8 million charges due to adverse weather conditions.
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.
Financial Position
Cash and cash equivalents at quarter end were $37.7 million. Net cash from operations improved 55.4% to $76.6 million, which enabled the company to reduce its debt and pay quarterly dividend. Outstanding debt under its credit facility was down to $327.2 million from $367.0 million in the previous quarter.
ABM maintained its quarterly cash dividend at 15.5 cents per share, which represented its 193rd consecutive quarterly dividend.
Outlook
ABM reiterated its guidance for fiscal 2014. The company expects income from continuing operations in the range of $1.38 to $1.48 per share. Adjusted income is expected in the range of $1.58 to $1.68 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 #3 (Hold). Other players in the industry that warrant a look include Huron Consulting Group Inc. ( HURN ), Xoom Corporation ( XOOM ) and Global Payments Inc. ( GPN ), all of which 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. | Business services provider ABM Industries Incorporated ( ABM ) reported second-quarter fiscal 2014 adjusted earnings of 33 cents per share, well below the Zacks Consensus Estimate of 40 cents. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. ABM maintained its quarterly cash dividend at 15.5 cents per share, which represented its 193rd consecutive quarterly dividend. | Click to get this free report HURON CONSLT GP (HURN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report GLOBAL PAYMENTS (GPN): Free Stock Analysis Report XOOM CORP (XOOM): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries Incorporated ( ABM ) reported second-quarter fiscal 2014 adjusted earnings of 33 cents per share, well below the Zacks Consensus Estimate of 40 cents. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. | Click to get this free report HURON CONSLT GP (HURN): Free Stock Analysis Report ABM INDUSTRIES (ABM): Free Stock Analysis Report GLOBAL PAYMENTS (GPN): Free Stock Analysis Report XOOM CORP (XOOM): Free Stock Analysis Report To read this article on Zacks.com click here. Business services provider ABM Industries Incorporated ( ABM ) reported second-quarter fiscal 2014 adjusted earnings of 33 cents per share, well below the Zacks Consensus Estimate of 40 cents. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. | Business services provider ABM Industries Incorporated ( ABM ) reported second-quarter fiscal 2014 adjusted earnings of 33 cents per share, well below the Zacks Consensus Estimate of 40 cents. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. ABM maintained its quarterly cash dividend at 15.5 cents per share, which represented its 193rd consecutive quarterly dividend. |
29640.0 | 2014-06-04 00:00:00 UTC | Sector Update: Shares Flat Pre-Market; Walgreens May Sales Increase 6% | ABM | https://www.nasdaq.com/articles/sector-update-shares-flat-pre-market-walgreens-may-sales-increase-6-2014-06-04 | nan | nan | Top Consumer Shares:
WMT: +0.18%
MCD: -0.15%
DIS: -0.26%
CVS: flat
KO: -0.07%
GE: -0.22%
Consumer shares were flat to lower in pre-market trade on Wednesday.
In consumer sector news, Walgreens ( WAG ) reported May sales of $6.57 billion, an increase of 6.0% from $6.19 billion for the same month in fiscal 2013.
Total front-end sales increased 3.0% in May compared with the same month in fiscal 2013, while comparable store front-end sales increased 2.6 percent. Customer traffic in comparable stores decreased 0.5% while basket size increased 3.1%.
And, ABM Industries ( ABM ) reported adjusted EPS for its fiscal Q2 that missed analysts' expectations.
Shares of the New York-based company were down 3.3% at $26.00. The stock had lost 1.8% to $26.89 at the close of regular trading on Tuesday, expanding this year's loss to 6%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | And, ABM Industries ( ABM ) reported adjusted EPS for its fiscal Q2 that missed analysts' expectations. Consumer shares were flat to lower in pre-market trade on Wednesday. Customer traffic in comparable stores decreased 0.5% while basket size increased 3.1%. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And, ABM Industries ( ABM ) reported adjusted EPS for its fiscal Q2 that missed analysts' expectations. Total front-end sales increased 3.0% in May compared with the same month in fiscal 2013, while comparable store front-end sales increased 2.6 percent. | And, ABM Industries ( ABM ) reported adjusted EPS for its fiscal Q2 that missed analysts' expectations. Consumer shares were flat to lower in pre-market trade on Wednesday. In consumer sector news, Walgreens ( WAG ) reported May sales of $6.57 billion, an increase of 6.0% from $6.19 billion for the same month in fiscal 2013. | And, ABM Industries ( ABM ) reported adjusted EPS for its fiscal Q2 that missed analysts' expectations. Consumer shares were flat to lower in pre-market trade on Wednesday. Total front-end sales increased 3.0% in May compared with the same month in fiscal 2013, while comparable store front-end sales increased 2.6 percent. |
29641.0 | 2014-06-04 00:00:00 UTC | Sector Update: Consumer Consumers | ABM | https://www.nasdaq.com/articles/sector-update-consumer-consumers-2014-06-04 | nan | nan | Consumer shares were flat to lower in pre-market trade on Wednesday.
In consumer sector news, Walgreens ( WAG ) reported May sales of $6.57 billion, an increase of 6.0% from $6.19 billion for the same month in fiscal 2013.
Total front-end sales increased 3.0% in May compared with the same month in fiscal 2013, while comparable store front-end sales increased 2.6 percent. Customer traffic in comparable stores decreased 0.5% while basket size increased 3.1%.
And, ABM Industries ( ABM ) reported adjusted EPS for its fiscal Q2 that missed analysts' expectations.
Shares of the New York-based company were down 3.3% at $26.00. The stock had lost 1.8% to $26.89 at the close of regular trading on Tuesday, expanding this year's loss to 6%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | And, ABM Industries ( ABM ) reported adjusted EPS for its fiscal Q2 that missed analysts' expectations. Consumer shares were flat to lower in pre-market trade on Wednesday. Customer traffic in comparable stores decreased 0.5% while basket size increased 3.1%. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And, ABM Industries ( ABM ) reported adjusted EPS for its fiscal Q2 that missed analysts' expectations. Total front-end sales increased 3.0% in May compared with the same month in fiscal 2013, while comparable store front-end sales increased 2.6 percent. | And, ABM Industries ( ABM ) reported adjusted EPS for its fiscal Q2 that missed analysts' expectations. Consumer shares were flat to lower in pre-market trade on Wednesday. In consumer sector news, Walgreens ( WAG ) reported May sales of $6.57 billion, an increase of 6.0% from $6.19 billion for the same month in fiscal 2013. | And, ABM Industries ( ABM ) reported adjusted EPS for its fiscal Q2 that missed analysts' expectations. Consumer shares were flat to lower in pre-market trade on Wednesday. Total front-end sales increased 3.0% in May compared with the same month in fiscal 2013, while comparable store front-end sales increased 2.6 percent. |
29642.0 | 2014-06-04 00:00:00 UTC | #PreMarket Primer: Wednesday, June 4: Iran Deal Not Likely To Meet July 20 Deadline | ABM | https://www.nasdaq.com/articles/premarket-primer-wednesday-june-4-iran-deal-not-likely-meet-july-20-deadline-2014-06-04 | nan | nan | Though Iran, the US, Britian, France ,Germany, Russia and China all agreed to find a long term solution to the ongoing debate over Iran's nuclear capabilities by July 20, an agreement in just under two months is looking less and less likely.
The six world powers and Iran agreed to a short term solution on November 24 that would ease sanctions while the group worked to make a final agreement by the July deadline. Now, most are expecting that President Obama will ask US lawmakers to approve a six month extension of the current agreement to allow more time for negotiation.
At last month's talks the seven nations were unable to agree on an acceptable number of enrichment centrifuges that Tehran will be allowed to maintain, leaving the six world powers and Iran accusing each other of being unreasonable.
Top News
In other news around the markets:
The Ukrainian army continued with its second day of an offensive against pro-Moscow separatists holding the Eastern city of Slaviansk on Tuesday. Fighting between rebels and the military has left both sides with several casualties and even more wounded in recent weeks. The nation's newly elected president Petro Poroshenko vowed to crush the rebellion quickly when he was voted in on May 25, and since then the Ukrainian military has stepped up its involvement. On Wednesday, Chinese state media called on Beijing to "punish severely" companies like Yahoo , Cisco Systems , Microsoft and Facebook for allegedly monitoring China and stealing the nation's secrets. While it is unclear what specific data the US is accused of monitoring, Chinese officials have been suspicious of US tech firms since Edward Snowden revealed US cyber espionage programs like PRISM. A report out on Tuesday showed that the eurozone's inflation fell to a four year low of 0.5 percent in May, a sizable drop from April's 0.7 percent and below the one percent mark that the ECB has called the "danger zone." The data solidified expectations that the ECB will ease further at its Thursday meeting as bank President Mario Draghi said the bank was prepared to act in June if the data warrants. On Tuesday, compensation expert Kenneth Feinberg said he will have prepared a set of financial restitution options that can offer to those connected with the ignition switch recall. Feinberg, who was hired by GM in April, has been working to determine who is eligible for financial compensation as GM has said there were only 13 deaths connected with the recall, but other sources like the Center for Auto Safety have said that number killed could be up to 100; with 2,004 reports of death or injury in GM models that have since been recalled.
Asian markets were mostly lower with the exception of the NIKKEI and the KOSPI, down 0.22 percent and 0.33 percent respectively. The Shanghai composite lost 0.66 percent, the Shenzhen composite was down 1.09 percent and the Hang Seng index fell 0.60 percent.
European Markets
European markets were down across the board; the UK's FTSE lost 0.35 percent, the eurozone's STOXX 600 fell 0.27 percent, the German DAX lost 0.29 percent, France's CAC 40 was down 0.58 percent and the Spanish IBEX lost 0.73 percent.
Energy futures rose on Wednesday; Brent futures were up 0.35 percent and WTI futures gained 0.60 percent. Gold and silver gained 0.14 percent and 0.38 percent respectively but industrial metals faltered. Copper lost 0.89 percent, aluminum was down 0.22 percent and tin lost 0.28 percent.
The euro dipped with the ECB meeting on the horizon, losing 0.15 percent against the dollar, 0.04 percent against the pound and 0.06 percent against the yen. The dollar was on a high and gained 0.12 percent against the yen, 0.14 percent against the pound and 0.11 percent against the franc.
Earnings
Notable earnings released on Tuesday included:
Dollar General (NYSE: DG ) reported first quarter EPS of $0.72 on revenue of $4.52 billion, compared to last year's EPS of $0.71 on revenue of $4.23 billion. ABM Industries (NYSE: ABM ) reported second quarter EPS of $0.40 on revenue of $1.23 billion, compared to last year's EPS of $0.36 on revenue of $1.17 billion. Mattress Firm Holding (NASDAQ: MFRM ) reported first quarter EPS of $0.31 on revenue of $333.50 million, compared to last year's EPS of $0.38 on revenue of $275.96 million.
Stocks moving in the Premarket included:
Under Armour (NYSE: UA ) was up 1.68 percent in premarket trade after falling 0.72 percent on Tuesday. First Solar (NASDAQ: FSLR ) rose 1.21 percent in premarket trade after choppy trading took the stock up 1.71 percent over the past five days. Bank of America (NYSE: BAC ) gained 0.26 percent in premarket trade after falling 0.33 percent on Tuesday. Intel (NASDAQ: INTC ) was down 0.29 percent in premarket trade after climbing 2.90 percent over the past week.
Notable earnings releases expected on Tuesday include:
Leidos Holdings (NYSE: LDOS ) is expected to report first quarter EPS of $0.54 on revenue of $1.26 billion, compared to last year's EPS of $0.54 on revenue of $2.71 billion. PVH Corp. (NYSE: PVH ) is expected report first quarter EPS of $1.49 on revenue of $1.98 billion, compared to last year's EPS of $1.91 on revenue of $1.94 billion. Brown-Forman (NYSE: BFB ) is expected report fourth quarter EPS of $0.58 on revenue of $923.73 million, compared to last year's EPS of $0.45 on revenue of $866.00 million.
Economics
Services PMI will be the main event of Wednesday'seconomic calendarwith releases from China, the UK, Germany, France, Italy and Spain. The US will also put out a host of closely followed data including non-farm productivity, the trade balance and ISM non-manufacturing PMI data.
For a recap of Tuesday's market action, click .
Tune into Benzinga's #PreMarket Prep show today to hear Whitney Tilson and Jack Steiman by clicking here !
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries (NYSE: ABM ) reported second quarter EPS of $0.40 on revenue of $1.23 billion, compared to last year's EPS of $0.36 on revenue of $1.17 billion. The six world powers and Iran agreed to a short term solution on November 24 that would ease sanctions while the group worked to make a final agreement by the July deadline. At last month's talks the seven nations were unable to agree on an acceptable number of enrichment centrifuges that Tehran will be allowed to maintain, leaving the six world powers and Iran accusing each other of being unreasonable. | ABM Industries (NYSE: ABM ) reported second quarter EPS of $0.40 on revenue of $1.23 billion, compared to last year's EPS of $0.36 on revenue of $1.17 billion. Earnings Notable earnings released on Tuesday included: Dollar General (NYSE: DG ) reported first quarter EPS of $0.72 on revenue of $4.52 billion, compared to last year's EPS of $0.71 on revenue of $4.23 billion. Notable earnings releases expected on Tuesday include: Leidos Holdings (NYSE: LDOS ) is expected to report first quarter EPS of $0.54 on revenue of $1.26 billion, compared to last year's EPS of $0.54 on revenue of $2.71 billion. | ABM Industries (NYSE: ABM ) reported second quarter EPS of $0.40 on revenue of $1.23 billion, compared to last year's EPS of $0.36 on revenue of $1.17 billion. A report out on Tuesday showed that the eurozone's inflation fell to a four year low of 0.5 percent in May, a sizable drop from April's 0.7 percent and below the one percent mark that the ECB has called the "danger zone." European Markets European markets were down across the board; the UK's FTSE lost 0.35 percent, the eurozone's STOXX 600 fell 0.27 percent, the German DAX lost 0.29 percent, France's CAC 40 was down 0.58 percent and the Spanish IBEX lost 0.73 percent. | ABM Industries (NYSE: ABM ) reported second quarter EPS of $0.40 on revenue of $1.23 billion, compared to last year's EPS of $0.36 on revenue of $1.17 billion. The dollar was on a high and gained 0.12 percent against the yen, 0.14 percent against the pound and 0.11 percent against the franc. Bank of America (NYSE: BAC ) gained 0.26 percent in premarket trade after falling 0.33 percent on Tuesday. |
29643.0 | 2014-06-04 00:00:00 UTC | Daily Dividend Report: UNH, MA, DVN, HP, CST, ABM, GEF | ABM | https://www.nasdaq.com/articles/daily-dividend-report-unh-ma-dvn-hp-cst-abm-gef-2014-06-04 | nan | nan | UnitedHealth Group ( UNH ) authorized payment of a cash dividend of $0.375 per share, to be paid on June 25, 2014, to all shareholders of record of UnitedHealth Group common stock as of the close of business on June 16, 2014. This represents a 34 percent increase over the quarterly dividend of $0.28 per share the Company has paid beginning with the second quarter of 2013.
MasterCard declared a cash dividend of $0.11 per share, payable on August 8, 2014, to holders of record of its Class A common stock and Class B common stock as of July 9, 2014.
Devon Energy ( DVN ) declared a quarterly cash dividend on Devon's common stock for the third quarter of 2014. The dividend is payable on September 30, 2014 at a rate of $0.24 per share based on a record date of September 12, 2014.
Helmerich & Payne ( HP ) declared a dividend of $0.6875 per share of common stock for its third quarter of fiscal 2014 ending June 30, 2014. This represents a ten percent increase from the Company's prior quarterly regular dividend level of $0.625 per share. The dividend is payable on September 2, 2014 to shareholders of record at the close of business on August 15, 2014.
CST Brands ( CST ) has declared a quarterly cash dividend on the company's common stock in the amount of $0.0625 per share. The dividend is payable on July 15, 2014 to holders of record at the close of business on June 30, 2014.
ABM ( ABM ) has declared a third quarter cash dividend of $0.155 per common share payable on August 4, 2014 to stockholders of record on July 3, 2014. This will be ABM's 193rd consecutive quarterly cash dividend.
And, Greif declared quarterly cash dividends of $0.42 per share of Class A Common Stock and $0.63 per share of Class B Common Stock. The dividends are payable on July 1, 2014 to shareholders of record at close of business on June 20, 2014.
VIDEO: Daily Dividend Report: UNH, MA, DVN, HP, CST, ABM, GEF
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. | VIDEO: Daily Dividend Report: UNH, MA, DVN, HP, CST, ABM, GEF 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 ) has declared a third quarter cash dividend of $0.155 per common share payable on August 4, 2014 to stockholders of record on July 3, 2014. This will be ABM's 193rd consecutive quarterly cash dividend. | VIDEO: Daily Dividend Report: UNH, MA, DVN, HP, CST, ABM, GEF 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 ) has declared a third quarter cash dividend of $0.155 per common share payable on August 4, 2014 to stockholders of record on July 3, 2014. This will be ABM's 193rd consecutive quarterly cash dividend. | ABM ( ABM ) has declared a third quarter cash dividend of $0.155 per common share payable on August 4, 2014 to stockholders of record on July 3, 2014. This will be ABM's 193rd consecutive quarterly cash dividend. VIDEO: Daily Dividend Report: UNH, MA, DVN, HP, CST, ABM, GEF 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 ) has declared a third quarter cash dividend of $0.155 per common share payable on August 4, 2014 to stockholders of record on July 3, 2014. This will be ABM's 193rd consecutive quarterly cash dividend. VIDEO: Daily Dividend Report: UNH, MA, DVN, HP, CST, ABM, GEF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
29644.0 | 2014-06-03 00:00:00 UTC | #PreMarket Primer: Tuesday, June 3: Bidding On Hillshire Ramps Up | ABM | https://www.nasdaq.com/articles/premarket-primer-tuesday-june-3-bidding-hillshire-ramps-2014-06-03 | nan | nan | The bidding war over Chicago-based meats and desserts company Hillshire Brands Co. heated up after Pilgrim's Pride Corp increased its acquisition offer by $1 billion.
The new offer values Hillshire at $55 per share, a step up from Tyson Foods $50 a share offer on Thursday.
If Hillshire strikes a deal with either company, last month's $4.3 billion acquisition deal with Pinnacle Foods would be off the table. Hillshire shares rose 2.7 percent to $55 a share in after-hours trading following reports of Pilgrim's new bid.
Top News
In other news around the markets:
China's services and manufacturing Purchasing Managers' Index for May showed a marked improvement from April's 48.1 reading and rose to a four month high of 49.4. The figure, although still below the 50 point mark that separates expansion and contraction, indicated that the Chinese economy was improving, albeit slowly. The US government investigation into whether or not BNP Paribas violated US sanctions took a sour turn on Tuesday when France's Foreign Minister said that the French government would defend BNP if the bank is subjected to what he believes are "unreasonable" fines. BNP could face penalties of up to $10 billion from the United States; something Laurent Fabius has said is disproportionate to the infraction. Eurozone PMI figures confirmed speculation that the nation's recovery was beginning to wane. The region's PMI slid to a six month low of 52.2 in May, with most of the bloc's members posting disappointing figures. Spain and the Netherlands were the only nations to show increased momentum, while Germany suffered yet another decrease in factory activity and France posted a score below 50, indicating a contraction. During the first day of the World Wide Developers Conference, Apple revealed its plans to break into the fitness tracking market with a new "HealthKit" suite of mobile applications. The applications will use health and home data to work together with companies like and the to offer users a more complete health tracking package.
Asian markets were mixed; the NIKKEI rose 0.66 percent, the KOSPI was up 0.33 percent and the Hang Seng Index gained 0.83 percent. However, the Shanghai composite lost 0.04 percent and the Shenzhen composite was down 0.19 percent.
European Markets
Europe's markets were down across the board with the exception of the Spanish IBEX, which rose 0.32 percent. The UK's FTSE was down 0.17 percent, the eurozone's STOXX 600 lost 0.10 percent, the German DAX fell 0.04 percent and the CAC 40 was down 0.02 percent.
Energy futures were moderately lower with Brent futures down 0.14 percent and WTI futures down 0.01 percent. Gold and silver gained 0.14 percent and 0.70 percent respectively, and industrial metals were also higher. Aluminum gained 0.65 percent, zinc was up 1.41 percent and tin gained 0.67 percent.
Currency markets were quiet on Tuesday; the euro was steady at $1.3604 but lost 0.02 percent against the pound. The dollar was down 0.02 percent against the yen and 0.31 percent against the Australian dollar.
Earnings
Notable earnings released on Monday included:
Krispy Kreme Doughnuts (NYSE: KKD ) reported first quarter EPS of $0.23 on revenue of $121.60 million, compared to last year's EPS of $0.20 on revenue of $120.62 million. Quiksilver (NYSE: ZQK ) reported a second quarter loss of $0.15 on revenue of $408.00 million, compared to last year's loss of $0.12 on revenue of $458.75 million.
Stocks moving in the Premarket included:
MeadWestvaco (NYSE: MWV ) was up 0.49 percent in premarket trade after gaining 5.86 percent on Monday. Ford Motor (NYSE: F ) was down 0.30 percent in premarket trade after rising 2.62 percent over the past five days.
Notable earnings releases expected on Tuesday include:
Dollar General (NYSE: DG ) is expected to report first quarter EPS of $0.73 on revenue of $4.56 billion, compared to last year's EPS of $0.71 on revenue of $4.23 billion. ABM Industries (NYSE: ABM ) is expected report second quarter EPS of $0.40 on revenue of $1.23 billion, compared to last year's EPS of $0.36 on revenue of $1.17 billion. Mattress Firm Holding (NASDAQ: MFRM ) is expected report first quarter EPS of $0.36 on revenue of $337.55 million, compared to last year's EPS of $0.38 on revenue of $275.96 million.
Economics
After a busy day of PMI releases on Monday, Tuesday'seconomic calendarwill be relatively quiet. Investors will be watching for Australian GDP, British construction PMI, US car sales, Italy's unemployment rate and Hong Kong's retail sales.
For a recap of Monday's market action, click .
Tune into Benzinga's #PreMarket Prep to hear Doug Kass and Reggie Middleton on the today by clicking here !
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries (NYSE: ABM ) is expected report second quarter EPS of $0.40 on revenue of $1.23 billion, compared to last year's EPS of $0.36 on revenue of $1.17 billion. The bidding war over Chicago-based meats and desserts company Hillshire Brands Co. heated up after Pilgrim's Pride Corp increased its acquisition offer by $1 billion. Spain and the Netherlands were the only nations to show increased momentum, while Germany suffered yet another decrease in factory activity and France posted a score below 50, indicating a contraction. | ABM Industries (NYSE: ABM ) is expected report second quarter EPS of $0.40 on revenue of $1.23 billion, compared to last year's EPS of $0.36 on revenue of $1.17 billion. Earnings Notable earnings released on Monday included: Krispy Kreme Doughnuts (NYSE: KKD ) reported first quarter EPS of $0.23 on revenue of $121.60 million, compared to last year's EPS of $0.20 on revenue of $120.62 million. Notable earnings releases expected on Tuesday include: Dollar General (NYSE: DG ) is expected to report first quarter EPS of $0.73 on revenue of $4.56 billion, compared to last year's EPS of $0.71 on revenue of $4.23 billion. | ABM Industries (NYSE: ABM ) is expected report second quarter EPS of $0.40 on revenue of $1.23 billion, compared to last year's EPS of $0.36 on revenue of $1.17 billion. Asian markets were mixed; the NIKKEI rose 0.66 percent, the KOSPI was up 0.33 percent and the Hang Seng Index gained 0.83 percent. The UK's FTSE was down 0.17 percent, the eurozone's STOXX 600 lost 0.10 percent, the German DAX fell 0.04 percent and the CAC 40 was down 0.02 percent. | ABM Industries (NYSE: ABM ) is expected report second quarter EPS of $0.40 on revenue of $1.23 billion, compared to last year's EPS of $0.36 on revenue of $1.17 billion. The new offer values Hillshire at $55 per share, a step up from Tyson Foods $50 a share offer on Thursday. Asian markets were mixed; the NIKKEI rose 0.66 percent, the KOSPI was up 0.33 percent and the Hang Seng Index gained 0.83 percent. |
29645.0 | 2014-05-19 00:00:00 UTC | ABM Extends Heathrow Airport Services - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-extends-heathrow-airport-services-analyst-blog-2014-05-19 | nan | nan | Business services provider ABM Industries Incorporated ( ABM ) recently extended its services at the Heathrow Airport, London, when one of its operating firms received a contract for inter-terminal bus services. The deal failed to impress investors as share prices remained relatively flat at $26.51 as on May 16.
According to the terms of the agreement, Omni Serv, the U.K. subsidiary of ABM-owned company Air Serv, will partner with London Heathrow Airport Limited to provide inter-terminal bus services to connect passengers between the airport's terminals. The five-year contract is an extension of an earlier contract that Omni Serv received from the airport authorities for the Passenger Service Ambassador Program. With these service initiatives, Omni Serv intends to make passengers feel at home and positively impact the traveler experience at every touch-point throughout the airport.
Leveraging the expertise of its sister division, ABM Parking Services, which offers superior shuttle services to travelers in some of the largest and busiest airports in the U.S., Omni Serv has created a niche market in the U.K. This has helped it to earn the confidence of the authorities of the Heathrow Airport and procure two successive contracts, thereby strengthening its position as one of the industry-leading service providers across the globe for the aviation industry.
ABM provides engineering, janitorial, parking, and security services to thousands of 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.
The service contracts are likely to improve the long-term growth prospects and provide high-margin opportunities by enabling it to better deliver end-to-end services to its clients. The company further expects to extend its global footprint as well as strengthen its position in existing markets through both inorganic and organic growth across industry verticals.
ABM currently holds a Zacks Rank #3 (Hold). Other companies in the industry that warrant a look include Green Dot Corporation ( GDOT ), Xoom Corporation ( XOOM ) and Nielsen N.V. ( NLSN ), 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 Incorporated ( ABM ) recently extended its services at the Heathrow Airport, London, when one of its operating firms received a contract for inter-terminal bus services. According to the terms of the agreement, Omni Serv, the U.K. subsidiary of ABM-owned company Air Serv, will partner with London Heathrow Airport Limited to provide inter-terminal bus services to connect passengers between the airport's terminals. Leveraging the expertise of its sister division, ABM Parking Services, which offers superior shuttle services to travelers in some of the largest and busiest airports in the U.S., Omni Serv has created a niche market in the U.K. | Business services provider ABM Industries Incorporated ( ABM ) recently extended its services at the Heathrow Airport, London, when one of its operating firms received a contract for inter-terminal bus services. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report GREEN DOT CP-A (GDOT): Free Stock Analysis Report NIELSEN NV (NLSN): Free Stock Analysis Report XOOM CORP (XOOM): Free Stock Analysis Report To read this article on Zacks.com click here. According to the terms of the agreement, Omni Serv, the U.K. subsidiary of ABM-owned company Air Serv, will partner with London Heathrow Airport Limited to provide inter-terminal bus services to connect passengers between the airport's terminals. | Business services provider ABM Industries Incorporated ( ABM ) recently extended its services at the Heathrow Airport, London, when one of its operating firms received a contract for inter-terminal bus services. Leveraging the expertise of its sister division, ABM Parking Services, which offers superior shuttle services to travelers in some of the largest and busiest airports in the U.S., Omni Serv has created a niche market in the U.K. Click to get this free report ABM INDUSTRIES (ABM): Free Stock Analysis Report GREEN DOT CP-A (GDOT): Free Stock Analysis Report NIELSEN NV (NLSN): Free Stock Analysis Report XOOM CORP (XOOM): Free Stock Analysis Report To read this article on Zacks.com click here. | Business services provider ABM Industries Incorporated ( ABM ) recently extended its services at the Heathrow Airport, London, when one of its operating firms received a contract for inter-terminal bus services. According to the terms of the agreement, Omni Serv, the U.K. subsidiary of ABM-owned company Air Serv, will partner with London Heathrow Airport Limited to provide inter-terminal bus services to connect passengers between the airport's terminals. Leveraging the expertise of its sister division, ABM Parking Services, which offers superior shuttle services to travelers in some of the largest and busiest airports in the U.S., Omni Serv has created a niche market in the U.K. |
29646.0 | 2014-05-06 00:00:00 UTC | Weakness Seen in Ritchie Bros. Auctioneers (RBA): Stock Tumbles 7.2% - Tale of the Tape | ABM | https://www.nasdaq.com/articles/weakness-seen-in-ritchie-bros.-auctioneers-rba%3A-stock-tumbles-7.2-tale-of-the-tape-2014-05 | nan | nan | Ritchie Bros. Auctioneers Incorporated ( RBA ) a big move on Friday, as the company's shares fell over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for RBA, as the stock is now down more than 2% in the past one-month time frame.
The company which belongs to the Auction and Valuation Services, has seen a mixed track record when it comes to current year estimate revisions over the past few weeks 1 decrease, and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
RBA currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include Sotheby's ( BID ), ABM Industries Incorporated ( ABM ) and CoreLogic, Inc. ( CLGX ). All these stocks 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 same sector include Sotheby's ( BID ), ABM Industries Incorporated ( ABM ) and CoreLogic, Inc. ( CLGX ). Click to get this free report >> ABM INDUSTRIES (ABM): Free Stock Analysis Report SOTHEBYS (BID): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report RITCHIE BROS (RBA): Free Stock Analysis Report To read this article on Zacks.com click here. Ritchie Bros. Auctioneers Incorporated ( RBA ) a big move on Friday, as the company's shares fell over 7% on the day. | Some better-ranked stocks in the same sector include Sotheby's ( BID ), ABM Industries Incorporated ( ABM ) and CoreLogic, Inc. ( CLGX ). Click to get this free report >> ABM INDUSTRIES (ABM): Free Stock Analysis Report SOTHEBYS (BID): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report RITCHIE BROS (RBA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report >> ABM INDUSTRIES (ABM): Free Stock Analysis Report SOTHEBYS (BID): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report RITCHIE BROS (RBA): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same sector include Sotheby's ( BID ), ABM Industries Incorporated ( ABM ) and CoreLogic, Inc. ( CLGX ). 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. | Some better-ranked stocks in the same sector include Sotheby's ( BID ), ABM Industries Incorporated ( ABM ) and CoreLogic, Inc. ( CLGX ). Click to get this free report >> ABM INDUSTRIES (ABM): Free Stock Analysis Report SOTHEBYS (BID): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report RITCHIE BROS (RBA): Free Stock Analysis Report To read this article on Zacks.com click here. Ritchie Bros. Auctioneers Incorporated ( RBA ) a big move on Friday, as the company's shares fell over 7% on the day. |
29647.0 | 2014-03-31 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for April 01, 2014 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-april-01-2014-2014-03-31 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on April 01, 2014. A cash dividend payment of $0.155 per share is scheduled to be paid on May 05, 2014. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.33% increase over the same period a year ago.
The previous trading day's last sale of ABM was $28.14, representing a -4.61% decrease from the 52 week high of $29.50 and a 40.07% increase over the 52 week low of $20.09.
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 $1.3. Zacks Investment Research reports ABM's forecasted earnings growth in 2014 as 8.03%, compared to an industry average of 7.4%.
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:
RevenueShares Small Cap ( RWJ )
Schwab Fundamental U.S. Small Company Index ETF ( FNDA )
Schwab U.S. Small-Cap ETF ( SCHA )
Schwab Fundamental U.S. Broad Market Index ETF ( FNDB )
Schwab U.S. Broad Market ETF ( SCHB ).
The top-performing ETF of this group is RWJ with an increase of 7.31% over the last 100 days. It also has the highest percent weighting of ABM at 0.76%.
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 stock 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 United Rentals, Inc. ( URI ). Zacks Investment Research reports ABM's forecasted earnings growth in 2014 as 8.03%, compared to an industry average of 7.4%. | The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). 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 01, 2014. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on April 01, 2014. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). | Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on April 01, 2014. The previous trading day's last sale of ABM was $28.14, representing a -4.61% decrease from the 52 week high of $29.50 and a 40.07% increase over the 52 week low of $20.09. |
29648.0 | 2014-03-21 00:00:00 UTC | ABM to Build Solar Plant at Cornell University - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-to-build-solar-plant-at-cornell-university-analyst-blog-2014-03-21 | nan | nan | The energy business arm of ABM Industries Inc. ( ABM ) has recently started construction on a 2 MW solar array on Cornell University's campus in Ithaca, NY. The investment seems to have impressed investors as share prices have marginally increased to $28.78 as on Mar 20.
The project will be financed and owned by ABM's joint venture partner Building Energy in partnership with developer Distributed Sun, LLC. ABM will provide Engineering, Procurement and Construction (EPC) and Operations & Maintenance (O&M) services for this project.
The deal is Ivy League university's first large solar endeavor. ABM is focusing on developing clean renewable energy project, minimize client's utility costs and increase the overall power reliability. The solar array is expected to save 730 metric tons of carbon dioxide annually. Per the agreement, the 6,500+ panel Lansing solar array will provide low-cost energy rates to Cornell University over a period of 30 years and is line with its carbon reduction goals. The system is expected to generate over 2.2 million kilowatt hours (kWh) annually. A portion of the plant will also be used by students to view solar monitoring software for 10 panels.
With about $13 billion worth of solar project construction in 2013, ABM envisions a tremendous growth opportunity in the solar market. The market is expected to grow at a compounded annual growth rate (CAGR) of 28% by the end of 2016 and ABM is well positioned to take advantage of this growing market to augment its revenues.
ABM provides engineering, janitorial, parking, and security services 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 operational structure to an on-site, mobile and on-demand market-based structure.
The company further expects to extend its global footprint as well as strengthen its position in the existing markets through inorganic and organic growth across industry verticals.
ABM currently holds a Zacks Rank #2 (Buy). Other stocks in the industry that look promising include Rollins Inc. ( ROL ), Huron Consulting Group Inc. ( HURN ) and Accenture plc ( ACN ), each carrying a Zacks Rank #2 (Buy).
ABM INDUSTRIES (ABM): Free Stock Analysis Report
ACCENTURE PLC (ACN): Free Stock Analysis Report
HURON CONSLT GP (HURN): Free Stock Analysis Report
ROLLINS INC (ROL): 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 project will be financed and owned by ABM's joint venture partner Building Energy in partnership with developer Distributed Sun, LLC. The energy business arm of ABM Industries Inc. ( ABM ) has recently started construction on a 2 MW solar array on Cornell University's campus in Ithaca, NY. ABM will provide Engineering, Procurement and Construction (EPC) and Operations & Maintenance (O&M) services for this project. | ABM INDUSTRIES (ABM): Free Stock Analysis Report ACCENTURE PLC (ACN): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. The energy business arm of ABM Industries Inc. ( ABM ) has recently started construction on a 2 MW solar array on Cornell University's campus in Ithaca, NY. The project will be financed and owned by ABM's joint venture partner Building Energy in partnership with developer Distributed Sun, LLC. | The energy business arm of ABM Industries Inc. ( ABM ) has recently started construction on a 2 MW solar array on Cornell University's campus in Ithaca, NY. With about $13 billion worth of solar project construction in 2013, ABM envisions a tremendous growth opportunity in the solar market. ABM INDUSTRIES (ABM): Free Stock Analysis Report ACCENTURE PLC (ACN): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM will provide Engineering, Procurement and Construction (EPC) and Operations & Maintenance (O&M) services for this project. With about $13 billion worth of solar project construction in 2013, ABM envisions a tremendous growth opportunity in the solar market. The energy business arm of ABM Industries Inc. ( ABM ) has recently started construction on a 2 MW solar array on Cornell University's campus in Ithaca, NY. |
29649.0 | 2014-03-13 00:00:00 UTC | ABM Extends LA Client Base, Shares Flat - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-extends-la-client-base-shares-flat-analyst-blog-2014-03-13 | nan | nan | Business services provider ABM Industries Incorporated ( ABM ) recently extended its client base in LA after it was selected as the official cleaning services partner of the Los Angeles Convention Center (LACC). The terms of the deal, however, were not disclosed. The deal failed to impress investors as share prices remained relatively flat at $28.27 as on Mar 12.
Per the multi-year agreement, which commenced from Dec 2013, ABM offers day-to-day janitorial and maintenance services in addition to potential event housekeeping and janitorial support services to LACC. Spanning over 720,000 square feet of convention space and 147,000 square feet of meeting space with a 300-seat theatre, LACC is one of the largest convention centers in the U.S. The contract from AEG Facilities, which operates LACC, shows the kind confidence it has in ABM to entrust the company with such a huge responsibility.
The deal also strengthens ABM's business relationship with AEG. ABM offers similar services to other high-profile AEG-affiliated venues in LA, including STAPLES Center, Nokia Theatre L.A. LIVE, The GRAMMY Museum and L.A. LIVE. In addition, the company serves notable AEG venues both in and outside the U.S. such as The O2 in London, U.K., the O2 World in Hamburg, Germany, StubHub Center in Carson, Calif., Sprint Center in Kansas City, Mo., BBVA Compass Stadium in Houston, Texas, Citizens Business Bank Arena in Ontario, Calif.; and Valley View Casino Center in San Diego, Calif.
ABM provides engineering, janitorial, parking, and security services to thousands of 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 is likely to improve its long-term growth prospects and provide 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 as well as strengthen its position in existing markets through both inorganic and organic growth across industry verticals.
ABM currently holds a Zacks Rank #2 (Buy). Other stocks that also look promising include Rollins Inc. ( ROL ), Huron Consulting Group Inc. ( HURN ) and The Hain Celestial Group, Inc. ( HAIN ), each carrying a Zacks Rank #2 (Buy).
ABM INDUSTRIES (ABM): Free Stock Analysis Report
HAIN CELESTIAL (HAIN): Free Stock Analysis Report
HURON CONSLT GP (HURN): Free Stock Analysis Report
ROLLINS INC (ROL): 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 contract from AEG Facilities, which operates LACC, shows the kind confidence it has in ABM to entrust the company with such a huge responsibility. Business services provider ABM Industries Incorporated ( ABM ) recently extended its client base in LA after it was selected as the official cleaning services partner of the Los Angeles Convention Center (LACC). Per the multi-year agreement, which commenced from Dec 2013, ABM offers day-to-day janitorial and maintenance services in addition to potential event housekeeping and janitorial support services to LACC. | Business services provider ABM Industries Incorporated ( ABM ) recently extended its client base in LA after it was selected as the official cleaning services partner of the Los Angeles Convention Center (LACC). ABM INDUSTRIES (ABM): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. Per the multi-year agreement, which commenced from Dec 2013, ABM offers day-to-day janitorial and maintenance services in addition to potential event housekeeping and janitorial support services to LACC. | Business services provider ABM Industries Incorporated ( ABM ) recently extended its client base in LA after it was selected as the official cleaning services partner of the Los Angeles Convention Center (LACC). In addition, the company serves notable AEG venues both in and outside the U.S. such as The O2 in London, U.K., the O2 World in Hamburg, Germany, StubHub Center in Carson, Calif., Sprint Center in Kansas City, Mo., BBVA Compass Stadium in Houston, Texas, Citizens Business Bank Arena in Ontario, Calif.; and Valley View Casino Center in San Diego, Calif. ABM provides engineering, janitorial, parking, and security services to thousands of commercial, industrial, institutional, and retail facilities. ABM INDUSTRIES (ABM): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. | Business services provider ABM Industries Incorporated ( ABM ) recently extended its client base in LA after it was selected as the official cleaning services partner of the Los Angeles Convention Center (LACC). Per the multi-year agreement, which commenced from Dec 2013, ABM offers day-to-day janitorial and maintenance services in addition to potential event housekeeping and janitorial support services to LACC. The contract from AEG Facilities, which operates LACC, shows the kind confidence it has in ABM to entrust the company with such a huge responsibility. |
29650.0 | 2014-03-11 00:00:00 UTC | The Power of New Analyst Coverage - Screen of the Week | ABM | https://www.nasdaq.com/articles/power-new-analyst-coverage-screen-week-2014-03-11 | nan | nan | Broker recommendations -- love them or hate them, they do have their place. And we all look at them eventually.
Whether you're a small individual investor or a large institutional portfolio manager (or somewhere in between), who doesn't like it when a stock gets an upgraded rating or sees a new analyst jumping in with coverage? We all do. (Although I should note that, in general, the change in the average broker recommendation is a better indicator than the actual recommendation itself.)
Anyway, today I want to talk about companies that receive new analyst coverage.
One of the things that generates analyst coverage is investor interest. How else can you explain the increased analyst coverage for Facebook (a company that's only been public for less than 1 1/2 yrs.) in comparison to a company like GE (public for more than 40 yrs.)?
And as new coverage is initiated, it becomes more visible, which in turn means potentially more demand (read higher prices).
This is often the case because analysts almost always initiate coverage with a positive recommendation. (Why write a research report on a company not widely followed only to say it stinks?)
And when it comes to companies with little to no analyst coverage, that one new recommendation can sometimes give portfolio managers the validation they need to build a position. (And the more money they can invest, the more they can potentially influence prices.)
The best way to use this information is to look for companies with analyst coverage that has increased over the last 4 weeks.
Simply look at the number of analyst recommendations now in comparison to the number of analyst recommendations 4 weeks ago. An increase in coverage is bullish whereas a decrease in coverage is bearish.
It's typically more bullish if the increase went from none to one or if the coverage was minimal to begin with. (Going from 25 to 26 isn't going to have the same impact because that 26th analyst isn't discovering something 'new'.) But increased coverage is better than decreased coverage -- assuming the coverage is positive of course.
Here's a screen to try:
Number of Broker Ratings now greater than the Number of Broker Ratings four weeks ago
(This shows stocks where new coverage has recently been added.)
Average Broker Rating less than Average Broker Rating four weeks ago
(By 'less than', I mean 'better than' four weeks ago.)
And I'm applying all of the above parameters to stocks with Prices greater than or equal to 5 (most money managers won't even look at a stock under $5) and Average Daily Volume greater than or equal to 100,000 shares (if there's not enough volume, even individual investors won't want it).
Here are 5 stocks from this week's screen:
GRFS Grifols
PRGN Paragon Shipping
GWRE Guidewire Software
ABM ABM Industries
THG The Hanover Insurance Group
Many screeners won't let you search for the number of analysts covering a stock, let alone comparing the amount of coverage they had weeks or even months ago. But you can with the Research Wizard. And you can backtest it all. Find out how to pick the right stocks right now by taking a free trial to the Research Wizard stock picking and backtesting program.
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: http://www.zacks.com/performance .
ABM INDUSTRIES (ABM): Free Stock Analysis Report
GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report
GUIDEWIRE SFTWR (GWRE): Free Stock Analysis Report
PARAGON SHIPPNG (PRGN): Free Stock Analysis Report
HANOVER INSURAN (THG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks from this week's screen: GRFS Grifols PRGN Paragon Shipping GWRE Guidewire Software ABM ABM Industries THG The Hanover Insurance Group Many screeners won't let you search for the number of analysts covering a stock, let alone comparing the amount of coverage they had weeks or even months ago. ABM INDUSTRIES (ABM): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report GUIDEWIRE SFTWR (GWRE): Free Stock Analysis Report PARAGON SHIPPNG (PRGN): Free Stock Analysis Report HANOVER INSURAN (THG): Free Stock Analysis Report To read this article on Zacks.com click here. Whether you're a small individual investor or a large institutional portfolio manager (or somewhere in between), who doesn't like it when a stock gets an upgraded rating or sees a new analyst jumping in with coverage? | Here are 5 stocks from this week's screen: GRFS Grifols PRGN Paragon Shipping GWRE Guidewire Software ABM ABM Industries THG The Hanover Insurance Group Many screeners won't let you search for the number of analysts covering a stock, let alone comparing the amount of coverage they had weeks or even months ago. ABM INDUSTRIES (ABM): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report GUIDEWIRE SFTWR (GWRE): Free Stock Analysis Report PARAGON SHIPPNG (PRGN): Free Stock Analysis Report HANOVER INSURAN (THG): Free Stock Analysis Report To read this article on Zacks.com click here. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. | Here are 5 stocks from this week's screen: GRFS Grifols PRGN Paragon Shipping GWRE Guidewire Software ABM ABM Industries THG The Hanover Insurance Group Many screeners won't let you search for the number of analysts covering a stock, let alone comparing the amount of coverage they had weeks or even months ago. ABM INDUSTRIES (ABM): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report GUIDEWIRE SFTWR (GWRE): Free Stock Analysis Report PARAGON SHIPPNG (PRGN): Free Stock Analysis Report HANOVER INSURAN (THG): Free Stock Analysis Report To read this article on Zacks.com click here. But increased coverage is better than decreased coverage -- assuming the coverage is positive of course. | Here are 5 stocks from this week's screen: GRFS Grifols PRGN Paragon Shipping GWRE Guidewire Software ABM ABM Industries THG The Hanover Insurance Group Many screeners won't let you search for the number of analysts covering a stock, let alone comparing the amount of coverage they had weeks or even months ago. ABM INDUSTRIES (ABM): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report GUIDEWIRE SFTWR (GWRE): Free Stock Analysis Report PARAGON SHIPPNG (PRGN): Free Stock Analysis Report HANOVER INSURAN (THG): Free Stock Analysis Report To read this article on Zacks.com click here. Whether you're a small individual investor or a large institutional portfolio manager (or somewhere in between), who doesn't like it when a stock gets an upgraded rating or sees a new analyst jumping in with coverage? |
29651.0 | 2014-03-11 00:00:00 UTC | New Analyst Coverage - Screen of the Week | ABM | https://www.nasdaq.com/articles/new-analyst-coverage-screen-week-2014-03-11 | nan | nan | Broker recommendations -- love them or hate them, they do have their place. And we all look at them eventually.
Whether you're a small individual investor or a large institutional portfolio manager (or somewhere in between), who doesn't like it when a stock gets an upgraded rating or sees a new analyst jumping in with coverage? We all do. (Although I should note that, in general, the change in the average broker recommendation is a better indicator than the actual recommendation itself.)
Anyway, today I want to talk about companies that receive new analyst coverage.
One of the things that generates analyst coverage is investor interest. How else can you explain the increased analyst coverage for Facebook (a company that's only been public for less than 1 1/2 yrs.) in comparison to a company like GE (public for more than 40 yrs.)?
And as new coverage is initiated, it becomes more visible, which in turn means potentially more demand (read higher prices).
This is often the case because analysts almost always initiate coverage with a positive recommendation. (Why write a research report on a company not widely followed only to say it stinks?)
And when it comes to companies with little to no analyst coverage, that one new recommendation can sometimes give portfolio managers the validation they need to build a position. (And the more money they can invest, the more they can potentially influence prices.)
The best way to use this information is to look for companies with analyst coverage that has increased over the last 4 weeks.
Simply look at the number of analyst recommendations now in comparison to the number of analyst recommendations 4 weeks ago. An increase in coverage is bullish whereas a decrease in coverage is bearish.
It's typically more bullish if the increase went from none to one or if the coverage was minimal to begin with. (Going from 25 to 26 isn't going to have the same impact because that 26th analyst isn't discovering something 'new'.) But increased coverage is better than decreased coverage -- assuming the coverage is positive of course.
Here's a screen to try:
Number of Broker Ratings now greater than the Number of Broker Ratings four weeks ago
(This shows stocks where new coverage has recently been added.)
Average Broker Rating less than Average Broker Rating four weeks ago
(By 'less than', I mean 'better than' four weeks ago.)
And I'm applying all of the above parameters to stocks with Prices greater than or equal to 5 (most money managers won't even look at a stock under $5) and Average Daily Volume greater than or equal to 100,000 shares (if there's not enough volume, even individual investors won't want it).
Here are 5 stocks from this week's screen:
GRFS Grifols
PRGN Paragon Shipping
GWRE Guidewire Software
ABM ABM Industries
THG The Hanover Insurance Group
Many screeners won't let you search for the number of analysts covering a stock, let alone comparing the amount of coverage they had weeks or even months ago. But you can with the Research Wizard. And you can backtest it all. Find out how to pick the right stocks right now by taking a free trial to the Research Wizard stock picking and backtesting program.
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: http://www.zacks.com/performance .
ABM INDUSTRIES (ABM): Free Stock Analysis Report
GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report
GUIDEWIRE SFTWR (GWRE): Free Stock Analysis Report
PARAGON SHIPPNG (PRGN): Free Stock Analysis Report
HANOVER INSURAN (THG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks from this week's screen: GRFS Grifols PRGN Paragon Shipping GWRE Guidewire Software ABM ABM Industries THG The Hanover Insurance Group Many screeners won't let you search for the number of analysts covering a stock, let alone comparing the amount of coverage they had weeks or even months ago. ABM INDUSTRIES (ABM): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report GUIDEWIRE SFTWR (GWRE): Free Stock Analysis Report PARAGON SHIPPNG (PRGN): Free Stock Analysis Report HANOVER INSURAN (THG): Free Stock Analysis Report To read this article on Zacks.com click here. Whether you're a small individual investor or a large institutional portfolio manager (or somewhere in between), who doesn't like it when a stock gets an upgraded rating or sees a new analyst jumping in with coverage? | Here are 5 stocks from this week's screen: GRFS Grifols PRGN Paragon Shipping GWRE Guidewire Software ABM ABM Industries THG The Hanover Insurance Group Many screeners won't let you search for the number of analysts covering a stock, let alone comparing the amount of coverage they had weeks or even months ago. ABM INDUSTRIES (ABM): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report GUIDEWIRE SFTWR (GWRE): Free Stock Analysis Report PARAGON SHIPPNG (PRGN): Free Stock Analysis Report HANOVER INSURAN (THG): Free Stock Analysis Report To read this article on Zacks.com click here. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. | Here are 5 stocks from this week's screen: GRFS Grifols PRGN Paragon Shipping GWRE Guidewire Software ABM ABM Industries THG The Hanover Insurance Group Many screeners won't let you search for the number of analysts covering a stock, let alone comparing the amount of coverage they had weeks or even months ago. ABM INDUSTRIES (ABM): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report GUIDEWIRE SFTWR (GWRE): Free Stock Analysis Report PARAGON SHIPPNG (PRGN): Free Stock Analysis Report HANOVER INSURAN (THG): Free Stock Analysis Report To read this article on Zacks.com click here. But increased coverage is better than decreased coverage -- assuming the coverage is positive of course. | Here are 5 stocks from this week's screen: GRFS Grifols PRGN Paragon Shipping GWRE Guidewire Software ABM ABM Industries THG The Hanover Insurance Group Many screeners won't let you search for the number of analysts covering a stock, let alone comparing the amount of coverage they had weeks or even months ago. ABM INDUSTRIES (ABM): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report GUIDEWIRE SFTWR (GWRE): Free Stock Analysis Report PARAGON SHIPPNG (PRGN): Free Stock Analysis Report HANOVER INSURAN (THG): Free Stock Analysis Report To read this article on Zacks.com click here. Whether you're a small individual investor or a large institutional portfolio manager (or somewhere in between), who doesn't like it when a stock gets an upgraded rating or sees a new analyst jumping in with coverage? |
29652.0 | 2014-03-05 00:00:00 UTC | ABM Q1 Earnings In Line with Ests, Revs Up - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-q1-earnings-in-line-with-ests-revs-up-analyst-blog-2014-03-05 | nan | nan | Business services provider ABM Industries Incorporated ( ABM ) reported first quarter fiscal 2014 adjusted earnings of 25 cents per share, in sync with the Zacks Consensus Estimate. The company noted that it's fiscal first quarter results surpassed expectations. However, it compared unfavorably with the year-ago adjusted tally of 26 cents, which benefited from a lower share count.
GAAP earnings for the reported quarter were $13.1 million or 23 cents per share compared with $13.4 million or 24 cents per share in the year-earlier quarter. The year-over-year decline in net income was primarily due to a high provision for income tax during the reported quarter.
Total quarterly revenue increased 3.8% year over year to $1,226.5 million with healthy organic growth from new business and expansion of services. Revenues for the reported quarter, however, missed the Zacks Consensus Estimate of $1,236 million.
Segment Performance
Janitorial: Quarterly revenues from the segment increased a record 4.6% year over year to $637.1 million due to significant new business wins and robust discretionary tag sales. However, segment operating profit declined 1.0% to $29.1 million owing to higher initial costs associated with a new contract.
Facility Services: Revenues decreased 3.0% year over year to $151.7 million, while operating profit declined 10.2% to $8.1 million.
Parking: Revenues from this segment were marginally down by 0.6% year over year to $150.3 million although operating profit expanded 17.1% to $5.7 million due to the termination of lower margin contracts and stringent cost management.
Security: The segment reported revenues of $99.7 million compared with $96.7 million in the year-ago quarter, representing a 3.2% year-over-year increase. Operating profit increased 55.5% to $2.6 million, benefiting from new business and sales associated with bundled services.
Building & Energy Solutions: Revenues from the segment were up 16.0% to $102.1 million, driven by a healthy government business and bundled energy solutions. Operating profits was $2.7 million versus an operating loss of 0.1 million in the year-ago quarter with stringent cost-cutting measures and benefits from investments in healthcare vertical and energy businesses.
Adjusted EBITDA improved 7.5% in the reported quarter to $41.5 million, driven by incremental contribution from recent acquisitions and new businesses.
ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. The company expects to continue its bull run in the coming quarters as well with continued healthy margin improvements and seamless integration of acquired businesses. Management also reiterated that corporate restructuring initiatives were well on track to yield a sustained long-term growth momentum.
Financial Position
Cash and cash equivalents at quarter end were $34.2 million. Due to significant working capital requirements, net cash utilized in operations was $38.9 million for the reported quarter compared with $11.5 million in the prior-year period. Outstanding debt under its credit facility also increased to $367 million. ABM maintained its quarterly cash dividend at 15.5 cents per share, which represented its 192nd consecutive quarterly dividend.
Outlook
ABM reiterated its guidance for fiscal 2014. The company expects income from continuing operations in the range of $1.38 to $1.48 per share. Adjusted income is also expected in the range of $1.58 to $1.68 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 #3 (Hold). Players in the industry that warrant a look include ManpowerGroup Inc. ( MAN ), Team, Inc. ( TISI ) and Rollins Inc. ( ROL ), all of which carry a Zacks Rank #2 (Buy).
ABM INDUSTRIES (ABM): Free Stock Analysis Report
MANPOWER INC WI (MAN): Free Stock Analysis Report
ROLLINS INC (ROL): Free Stock Analysis Report
TEAM INC (TISI): 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. | Business services provider ABM Industries Incorporated ( ABM ) reported first quarter fiscal 2014 adjusted earnings of 25 cents per share, in sync with the Zacks Consensus Estimate. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. ABM maintained its quarterly cash dividend at 15.5 cents per share, which represented its 192nd consecutive quarterly dividend. | Business services provider ABM Industries Incorporated ( ABM ) reported first quarter fiscal 2014 adjusted earnings of 25 cents per share, in sync with the Zacks Consensus Estimate. ABM INDUSTRIES (ABM): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report To read this article on Zacks.com click here. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. | Business services provider ABM Industries Incorporated ( ABM ) reported first quarter fiscal 2014 adjusted earnings of 25 cents per share, in sync with the Zacks Consensus Estimate. ABM INDUSTRIES (ABM): Free Stock Analysis Report MANPOWER INC WI (MAN): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report To read this article on Zacks.com click here. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. | Business services provider ABM Industries Incorporated ( ABM ) reported first quarter fiscal 2014 adjusted earnings of 25 cents per share, in sync with the Zacks Consensus Estimate. ABM has a healthy pipeline of future businesses with strength particularly seen in its government business. ABM maintained its quarterly cash dividend at 15.5 cents per share, which represented its 192nd consecutive quarterly dividend. |
29653.0 | 2014-03-04 00:00:00 UTC | After-Hours Earnings Report for March 4, 2014 : SQM, ABM, BOBE, HF, JBT, ALDW, AVAV, YY, CKEC, SWHC, GTY, STKL | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-march-4-2014-sqm-abm-bobe-hf-jbt-aldw-avav-yy-ckec-swhc-gty | nan | nan | The following companies are expected to report earnings after hours on 03/04/2014. Visit our Earnings Calendar for a full list of expected earnings releases.
Sociedad Quimica y Minera S.A. ( SQM ) is reporting for the quarter ending December 31, 2013. The fertilizers company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.33. This value represents a 38.89% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SQM is 16.54 vs. an industry ratio of 15.50, implying that they will have a higher earnings growth than their competitors in the same industry.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2014. The building maintenance & services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.25. This value represents a 3.85% decrease compared to the same quarter last year. In the past year ABM has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 6.67%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 17.32 vs. an industry ratio of 24.60.
Bob Evans Farms, Inc. ( BOBE ) is reporting for the quarter ending January 31, 2014. The restaurant company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.53. This value represents a 5.36% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for BOBE is 22.64 vs. an industry ratio of 33.70.
HFF, Inc. ( HF ) is reporting for the quarter ending December 31, 2013. The real estate company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.58. This value represents a 28.89% increase compared to the same quarter last year. HF missed the consensus earnings per share in the 1st calendar quarter of 2013 by -50%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for HF is 23.76 vs. an industry ratio of -5.30, implying that they will have a higher earnings growth than their competitors in the same industry.
John Bean Technologies Corporation ( JBT ) is reporting for the quarter ending December 31, 2013. The machinery (thermal proc) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.44. This value represents a 31.25% decrease compared to the same quarter last year. JBT missed the consensus earnings per share in the 1st calendar quarter of 2013 by -17.65%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for JBT is 26.23 vs. an industry ratio of 22.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Alon USA Partners, LP ( ALDW ) is reporting for the quarter ending December 31, 2013. The oil refining company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.25. This value represents a 57.63% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ALDW is 6.31 vs. an industry ratio of 28.40.
AeroVironment, Inc. ( AVAV ) is reporting for the quarter ending January 31, 2014. The aerospace and defense company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.19. This value represents a 11.76% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for AVAV is 118.15 vs. an industry ratio of 25.00, implying that they will have a higher earnings growth than their competitors in the same industry.
YY Inc. ( YY ) is reporting for the quarter ending December 31, 2013. The internet content company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.53. This value represents a 430.00% increase compared to the same quarter last year. YY missed the consensus earnings per share in the 4th calendar quarter of 2012 by -44.44%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for YY is 49.28 vs. an industry ratio of -9.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Carmike Cinemas, Inc. ( CKEC ) is reporting for the quarter ending December 31, 2013. The leisure (recreational) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.27. This value represents a 37.21% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CKEC is 47.05 vs. an industry ratio of 22.40, 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 January 31, 2014. The leisure (recreational) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.29. This value represents a 11.54% 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 4th calendar quarter where they beat the consensus by 33.33%. The "days to cover" for this stock exceeds 13 days. Getty Realty Corporation ( GTY ) is reporting for the quarter ending December 31, 2013. The reit company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.31. This value represents a 99.97% decrease compared to the same quarter last year. GTY missed the consensus earnings per share in the 4th calendar quarter of 2012 by -10.34%. The "days to cover" for this stock exceeds 14 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for GTY is 14.78 vs. an industry ratio of 15.60.
SunOpta, Inc. ( STKL ) is reporting for the quarter ending December 31, 2013. The food company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.06. This value represents a 25.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for STKL is 31.29 vs. an industry ratio of 22.10, 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, 2014. In the past year ABM has beat the expectations every quarter. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 17.32 vs. an industry ratio of 24.60. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2014. In the past year ABM has beat the expectations every quarter. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 17.32 vs. an industry ratio of 24.60. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2014. In the past year ABM has beat the expectations every quarter. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 17.32 vs. an industry ratio of 24.60. | In the past year ABM has beat the expectations every quarter. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2014. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ABM is 17.32 vs. an industry ratio of 24.60. |
29654.0 | 2014-02-04 00:00:00 UTC | ABM Industries (ABM) is now in Oversold Territory - Tale of the Tape | ABM | https://www.nasdaq.com/articles/abm-industries-abm-is-now-in-oversold-territory-tale-of-the-tape-2014-02-04 | nan | nan | ABM Industries, Inc. 's ( ABM ) share price has entered into oversold territory with an RSI value of 29.4. The Zacks Consensus Estimate for ABM Industries for the full year period has improved 1cent over the past two months to $1.63 per share. Currently, ABM Industries has a Zacks Rank #2 (Buy), suggesting that now might be a good time to get in on ( ABM ) after its recent drop.
ABM INDUSTRIES (ABM): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Zacks Consensus Estimate for ABM Industries for the full year period has improved 1cent over the past two months to $1.63 per share. Currently, ABM Industries has a Zacks Rank #2 (Buy), suggesting that now might be a good time to get in on ( ABM ) after its recent drop. ABM Industries, Inc. 's ( ABM ) share price has entered into oversold territory with an RSI value of 29.4. | ABM Industries, Inc. 's ( ABM ) share price has entered into oversold territory with an RSI value of 29.4. The Zacks Consensus Estimate for ABM Industries for the full year period has improved 1cent over the past two months to $1.63 per share. Currently, ABM Industries has a Zacks Rank #2 (Buy), suggesting that now might be a good time to get in on ( ABM ) after its recent drop. | ABM Industries, Inc. 's ( ABM ) share price has entered into oversold territory with an RSI value of 29.4. Currently, ABM Industries has a Zacks Rank #2 (Buy), suggesting that now might be a good time to get in on ( ABM ) after its recent drop. The Zacks Consensus Estimate for ABM Industries for the full year period has improved 1cent over the past two months to $1.63 per share. | ABM Industries, Inc. 's ( ABM ) share price has entered into oversold territory with an RSI value of 29.4. The Zacks Consensus Estimate for ABM Industries for the full year period has improved 1cent over the past two months to $1.63 per share. Currently, ABM Industries has a Zacks Rank #2 (Buy), suggesting that now might be a good time to get in on ( ABM ) after its recent drop. |
29655.0 | 2013-12-27 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for December 30, 2013 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-december-30-2013-2013-12-27 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on December 30, 2013. A cash dividend payment of $0.155 per share is scheduled to be paid on February 03, 2014. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.33% increase over the prior quarter. At the current stock price of $28.49, the dividend yield is 2.18%.
The previous trading day's last sale of ABM was $28.49, representing a -2.43% decrease from the 52 week high of $29.20 and a 45.73% increase over the 52 week low of $19.55.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and ADT Corporation ( ADT ). ABM's current earnings per share, an indicator of a company's profitability, is $1.31. Zacks Investment Research reports ABM's forecasted earnings growth in 2014 as 7.63%, compared to an industry average of 9%.
For more information on the declaration, record and payment dates, visit the ABM Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABM through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABM as a top-10 holding:
RevenueShares Small Cap ( RWJ )
Schwab Fundamental U.S. Small Company Index ETF ( FNDA )
Schwab U.S. Small-Cap ETF ( SCHA )
Schwab Fundamental U.S. Broad Market Index ETF ( FNDB )
Schwab U.S. Broad Market ETF ( SCHB ).
The top-performing ETF of this group is RWJ with an increase of 13.08% over the last 100 days. It also has the highest percent weighting of ABM at 0.76%.
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 stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABM's forecasted earnings growth in 2014 as 7.63%, compared to an industry average of 9%. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). 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 December 30, 2013. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on December 30, 2013. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: RevenueShares Small Cap ( RWJ ) Schwab Fundamental U.S. Small Company Index ETF ( FNDA ) Schwab U.S. Small-Cap ETF ( SCHA ) Schwab Fundamental U.S. Broad Market Index ETF ( FNDB ) Schwab U.S. Broad Market ETF ( SCHB ). | Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. ABM's current earnings per share, an indicator of a company's profitability, is $1.31. ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on December 30, 2013. |
29656.0 | 2013-12-11 00:00:00 UTC | Company news for December 11, 2013 - Corporate Summary | ABM | https://www.nasdaq.com/articles/company-news-for-december-11-2013-corporate-summary-2013-12-11 | nan | nan | • ABM Industries, Inc. (NYSE: ABM ) reported fourth quarter earnings per share of $0.48, surpassing the Zacks Consensus Estimate of $0.45
• Analogic Corporation (NASDAQ: ALOG ) posted a first quarter loss per share of $0.08, contrary to the Zacks Consensus Estimate of a profit of $0.93 a share
• PVH Corp (NYSE: PVH ) reported third quarter earnings per share of $2.30, beating the Zacks Consensus Estimate of $2.25
• AutoZone, Inc. (NYSE: AZO ) posted first quarter earnings per share of $6.29, higher than the Zacks Consensus Estimate of $6.26
ABM INDUSTRIES (ABM): Free Stock Analysis Report
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AUTOZONE INC (AZO): Free Stock Analysis Report
PVH CORP (PVH): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • ABM Industries, Inc. (NYSE: ABM ) reported fourth quarter earnings per share of $0.48, surpassing the Zacks Consensus Estimate of $0.45 • Analogic Corporation (NASDAQ: ALOG ) posted a first quarter loss per share of $0.08, contrary to the Zacks Consensus Estimate of a profit of $0.93 a share • PVH Corp (NYSE: PVH ) reported third quarter earnings per share of $2.30, beating the Zacks Consensus Estimate of $2.25 • AutoZone, Inc. (NYSE: AZO ) posted first quarter earnings per share of $6.29, higher than the Zacks Consensus Estimate of $6.26 ABM INDUSTRIES (ABM): Free Stock Analysis Report ANALOGIC CORP (ALOG): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report PVH CORP (PVH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • ABM Industries, Inc. (NYSE: ABM ) reported fourth quarter earnings per share of $0.48, surpassing the Zacks Consensus Estimate of $0.45 • Analogic Corporation (NASDAQ: ALOG ) posted a first quarter loss per share of $0.08, contrary to the Zacks Consensus Estimate of a profit of $0.93 a share • PVH Corp (NYSE: PVH ) reported third quarter earnings per share of $2.30, beating the Zacks Consensus Estimate of $2.25 • AutoZone, Inc. (NYSE: AZO ) posted first quarter earnings per share of $6.29, higher than the Zacks Consensus Estimate of $6.26 ABM INDUSTRIES (ABM): Free Stock Analysis Report ANALOGIC CORP (ALOG): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report PVH CORP (PVH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • ABM Industries, Inc. (NYSE: ABM ) reported fourth quarter earnings per share of $0.48, surpassing the Zacks Consensus Estimate of $0.45 • Analogic Corporation (NASDAQ: ALOG ) posted a first quarter loss per share of $0.08, contrary to the Zacks Consensus Estimate of a profit of $0.93 a share • PVH Corp (NYSE: PVH ) reported third quarter earnings per share of $2.30, beating the Zacks Consensus Estimate of $2.25 • AutoZone, Inc. (NYSE: AZO ) posted first quarter earnings per share of $6.29, higher than the Zacks Consensus Estimate of $6.26 ABM INDUSTRIES (ABM): Free Stock Analysis Report ANALOGIC CORP (ALOG): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report PVH CORP (PVH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • ABM Industries, Inc. (NYSE: ABM ) reported fourth quarter earnings per share of $0.48, surpassing the Zacks Consensus Estimate of $0.45 • Analogic Corporation (NASDAQ: ALOG ) posted a first quarter loss per share of $0.08, contrary to the Zacks Consensus Estimate of a profit of $0.93 a share • PVH Corp (NYSE: PVH ) reported third quarter earnings per share of $2.30, beating the Zacks Consensus Estimate of $2.25 • AutoZone, Inc. (NYSE: AZO ) posted first quarter earnings per share of $6.29, higher than the Zacks Consensus Estimate of $6.26 ABM INDUSTRIES (ABM): Free Stock Analysis Report ANALOGIC CORP (ALOG): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report PVH CORP (PVH): 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. |
29657.0 | 2013-12-10 00:00:00 UTC | ABM Beats on Q4 and FY13 Adjusted Earnings - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-beats-on-q4-and-fy13-adjusted-earnings-analyst-blog-2013-12-10 | nan | nan | Business services provider ABM Industries Incorporated ( ABM ) reported better-than-expected fourth quarter fiscal 2013 results with adjusted earnings of 48 cents per share that exceeded the Zacks Consensus Estimate by 3 cents. However, it compared unfavorably with the year-ago adjusted earnings per share of 50 cents, which benefited from a tax gain of 11 cents.
GAAP earnings for the reported quarter were $24.2 million or 43 cents per share compared with $27.7 million or 50 cents per share in the year-earlier quarter.
For fiscal 2013 (ended Oct 31, 2013), ABM reported net income of $72.9 million or $1.30 per share compared with $62.6 million or $1.14 per share in the previous fiscal. Excluding non-recurring items, adjusted earnings for the reported fiscal improved to $1.52 per share from $1.39 in fiscal 2012.
The year-over-year improvement was primarily attributable to strong organic growth, accretive acquisitions, and lower payroll and payroll-related expenses, partially offset by higher sales and marketing costs associated with its growth initiatives. The adjusted earnings beat the Zacks Consensus Estimate by 4 cents.
Total quarterly revenue increased 13.5% year over year to $1, 236.8 million with healthy organic growth from new sales and expansion of services. Revenues for the reported quarter exceeded the Zacks Consensus Estimate of $1,231 million. For fiscal 2013, ABM recorded revenues of $4,809.3, an improvement of 11.8% year on year from $4,300.3 million.
Segment Performance
Janitorial: Quarterly revenues from the segment increased a record 4.1% year over year to $628.7 million, due to significant new business wins and tag sales. However, segment operating profit declined 8.3% to $34.0 million owing to initial costs associated with new contracts.
Facility Services: Organic revenues improved 0.6% year over year to $152.8 million, while operating profit increased 19.3% to $8.1 million.
Parking: Revenues from the segment declined 1.2% year over year to $152.2 million during the quarter, although operating profit expanded 4.3% to $8.5 million.
Security: The segment reported revenues of $97.1 million compared with $93.5 million in the year-ago quarter, representing a 3.9% year-over-year increase. Operating profit increased 70.0% to $5.1 million.
Building & Energy Solutions: Revenues from the segment increased 33.1% to $114.8 million, owing to accretive acquisitions and new commercial service and maintenance contracts like bundled energy solutions jobs. Operating profits climbed a stellar 82.5% to $8.6 million with stringent cost-cutting measures and benefits from investments in healthcare vertical and energy businesses.
Adjusted EBITDA improved 15.7% in the reported quarter to $58.1 million, driven by incremental contribution from recent acquisitions and new businesses.
ABM has a healthy pipeline of future businesses and is particularly going strong in government business. The company expects to continue its bull run in the coming quarters as well with continued healthy margin improvements and seamless integration of acquired businesses. Management also reiterated that corporate restructuring initiatives were well on track to have a sustained long-term growth momentum.
Financial Position
Cash and cash equivalents at quarter-end were $32.6 million. Net cash from operations was $51.0 million for the reported quarter compared with $66.8 million in the prior-year period. ABM was able to reduce its outstanding debt under its credit facility by $33 million to $315 million. The company also hiked its fourth quarter dividend by 3% to 15.5 cents per share.
Outlook
ABM provided its initial guidance for fiscal 2014 and anticipates income from continuing operations to be in the range of $1.38 to $1.48 per share. Adjusted income is expected to be in the range of $1.58 to $1.68 per share.
Moving Forward
Although ABM's fourth quarter and full fiscal 2013 results exceeded management's expectations and beat the overall estimates, it failed to generate much interest among investors as share pries remained almost flat after the earnings release.
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 of these companies and organic growth across the industry verticals.
ABM presently has a Zacks Rank #2 (Buy). Other players in the industry that warrant a look include Korn/Ferry International ( KFY ), CTPartners Executive Search Inc. ( CTP ) and Rollins Inc. ( ROL ), all of which have the same Zacks Rank as ABM.
ABM INDUSTRIES (ABM): Free Stock Analysis Report
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ROLLINS INC (ROL): 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. | Moving Forward Although ABM's fourth quarter and full fiscal 2013 results exceeded management's expectations and beat the overall estimates, it failed to generate much interest among investors as share pries remained almost flat after the earnings release. Other players in the industry that warrant a look include Korn/Ferry International ( KFY ), CTPartners Executive Search Inc. ( CTP ) and Rollins Inc. ( ROL ), all of which have the same Zacks Rank as ABM. Business services provider ABM Industries Incorporated ( ABM ) reported better-than-expected fourth quarter fiscal 2013 results with adjusted earnings of 48 cents per share that exceeded the Zacks Consensus Estimate by 3 cents. | Business services provider ABM Industries Incorporated ( ABM ) reported better-than-expected fourth quarter fiscal 2013 results with adjusted earnings of 48 cents per share that exceeded the Zacks Consensus Estimate by 3 cents. ABM INDUSTRIES (ABM): Free Stock Analysis Report CTPARTNERS EXEC (CTP): Free Stock Analysis Report KORN/FERRY INTL (KFY): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. For fiscal 2013 (ended Oct 31, 2013), ABM reported net income of $72.9 million or $1.30 per share compared with $62.6 million or $1.14 per share in the previous fiscal. | Business services provider ABM Industries Incorporated ( ABM ) reported better-than-expected fourth quarter fiscal 2013 results with adjusted earnings of 48 cents per share that exceeded the Zacks Consensus Estimate by 3 cents. For fiscal 2013 (ended Oct 31, 2013), ABM reported net income of $72.9 million or $1.30 per share compared with $62.6 million or $1.14 per share in the previous fiscal. For fiscal 2013, ABM recorded revenues of $4,809.3, an improvement of 11.8% year on year from $4,300.3 million. | Business services provider ABM Industries Incorporated ( ABM ) reported better-than-expected fourth quarter fiscal 2013 results with adjusted earnings of 48 cents per share that exceeded the Zacks Consensus Estimate by 3 cents. For fiscal 2013 (ended Oct 31, 2013), ABM reported net income of $72.9 million or $1.30 per share compared with $62.6 million or $1.14 per share in the previous fiscal. For fiscal 2013, ABM recorded revenues of $4,809.3, an improvement of 11.8% year on year from $4,300.3 million. |
29658.0 | 2013-12-10 00:00:00 UTC | #PreMarket Primer: Tuesday, December 10: Bullard Pushing For A December Taper | ABM | https://www.nasdaq.com/articles/premarket-primer-tuesday-december-10-bullard-pushing-december-taper-2013-12-10 | nan | nan | Dallas Federal Reserve President James Bullard said the US central bank could begin to taper its bond buying program at its December meeting next week after Friday's US labor data showed marked improvement.
Bullard's comments on Monday added to growing speculation that the bank could cut back on its stimulus spending sooner than expected. Bullard, who has a vote at the FOMC said earlier that the Fed's taper would be closely tied to the US' payrolls figure, which came in surprisingly high last week.
Although the general consensus is that the bank will hold off on a taper until March, some analysts have begun to warm to the idea of a taper in December or January.
Top News
Computer security firm, FireEye, has said it found evidence that Chinese hackers were spying on communications from five European nations ahead of September's G20 summit. The hackers were able to get into the nations' computer networks by sending emails to the ministries' staff containing tainted files. No evidence has been found which links the hackers to the Chinese government. Ukranian President Viktor Yanukovych called for talks between the Yanukovych's government and opposition leaders on Monday in an effort to de-escalate the growing tension. However the opposition rejected the idea, saying it was not willing to enter into talks until Yanukovych's government has been dismissed and police responsible for beating student protestors have been punished. Sysco announced that it is planning to buy US Foods for $3.5 billion. The deal will unite the two largest food distribution companies, which together garner nearly 27 percent of the market share. Eurozone finance ministers were hopeful that they will come to an agreement on the details of the region's banking union on Tuesday after talks on Monday resulted in a breakthrough on a resolution mechanism for failing banks. The ministers discussed setting up a system under which failing banks could be partially financed by banks from other EU countries. In order to move forward with this idea, the nations will have to sign a new treaty as the bloc's current legal rules wouldn't permit such a system.
Asian Markets
Asian markets were moderately lower on Tuesday, the Japanese NIKKEI fell 0.25 percent and the South Korean KOSPI was down 0.35 percent. The Hang Seng index fell 0.19 percent, but China's Shenzhen composite was up 0.11 percent.
European Markets
European markets continued on a high note, the UK's FTSE was up 0.11 percent and the eurozone's STOXX 600 gained 0.29 percent. The German DAX was also higher, up 0.25 percent.
Commodities
Energy futures were higher, Brent futures gained 0.31 percent and WTI futures were up 0.40 percent. Gold was up 0.83 percent and silver gained 1.19 percent. Industrial metals were up across the board with aluminum posting the largest gains, up 0.79 percent.
Currencies
Currency markets were quiet on Tuesday morning, the euro was up 0.09 percent against the dollar and the pound gained 0.08 percent against the greenback. The dollar lost 0.16 percent to the yen and gained 0.31 percent against the Australian dollar.
Earnings
Notable earnings released on Monday included:
Pep Boys- Manny, Moe & Jack (NYSE: PBY ) reported third quarter EPS of $0.02 on revenue of $507.00 million, compared to last year's EPS of $0.12 on revenue of $509.61 million. Vail Resorts, Inc. (NYSE: MTN ) reported a first quarter loss of $2.04 on revenue of $123.40 million, compared to last year's loss of $1.70 on revenue of $166.35 million. ABM Industries Incorporated (NYSE: ABM ) reported fourth quarter EPS of $0.48 on revenue of $1.24 billion, compared to last year's EPS of $0.50 on revenue of $1.09 billion.
Pre-Market Movers
Stocks moving in the Premarket included:
Transocean Ltd (NYSE: RIG ) gained 0.30 percent in premarket trade after falling 1.29 percent over the past week Dow Chemical Co (NYSE: DOW ) fell 4.17 percent in premarket trade after rising 3.90 percent on Monday American Express Co. (NYSE: AXP ) lost 0.87 percent in premarket trade after climbing 1.35 percent over the past five days Carnival Corp (NYSE: CCL ) fell 0.62 percent in premarket trade after gaining 0.74 percent on Monday
Notable earnings expected on Tuesday include:
Toll Brothers Inc. (NYSE: TOL ) is expected to report fourth quarter EPS of $0.41 on revenue of $981.62 million, compared to last year's EPS of $2.35 on revenue of $632.83 million. H &R Block, Inc. (NYSE: HRB ) is expected to report a third quarter loss of $0.37 per share on revenue of $137.85 million, compared to last year's loss of $0.37 on revenue of $137.26 million. AutoZone, Inc. (NYSE: AZO ) is expected to report third quarter EPS of $6.29 on revenue of $2.11 billion, compared to last year's EPS of $5.41 on revenue of $1.99 billion.
Economics
Tuesday'seconomic calendarwill be dominated with European releases including Italian GDP, Italian industrial production, French industrial production, and British trade balance data, manufacturing production and industrial production.
For a recap of Monday's market action, click .
Tune into Benzinga's pre-market info show with Dennis Dick and Joel Elconin here .
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated (NYSE: ABM ) reported fourth quarter EPS of $0.48 on revenue of $1.24 billion, compared to last year's EPS of $0.50 on revenue of $1.09 billion. Dallas Federal Reserve President James Bullard said the US central bank could begin to taper its bond buying program at its December meeting next week after Friday's US labor data showed marked improvement. Top News Computer security firm, FireEye, has said it found evidence that Chinese hackers were spying on communications from five European nations ahead of September's G20 summit. | ABM Industries Incorporated (NYSE: ABM ) reported fourth quarter EPS of $0.48 on revenue of $1.24 billion, compared to last year's EPS of $0.50 on revenue of $1.09 billion. Pre-Market Movers Stocks moving in the Premarket included: Transocean Ltd (NYSE: RIG ) gained 0.30 percent in premarket trade after falling 1.29 percent over the past week Dow Chemical Co (NYSE: DOW ) fell 4.17 percent in premarket trade after rising 3.90 percent on Monday American Express Co. (NYSE: AXP ) lost 0.87 percent in premarket trade after climbing 1.35 percent over the past five days Carnival Corp (NYSE: CCL ) fell 0.62 percent in premarket trade after gaining 0.74 percent on Monday Notable earnings expected on Tuesday include: Toll Brothers Inc. (NYSE: TOL ) is expected to report fourth quarter EPS of $0.41 on revenue of $981.62 million, compared to last year's EPS of $2.35 on revenue of $632.83 million. Economics Tuesday'seconomic calendarwill be dominated with European releases including Italian GDP, Italian industrial production, French industrial production, and British trade balance data, manufacturing production and industrial production. | ABM Industries Incorporated (NYSE: ABM ) reported fourth quarter EPS of $0.48 on revenue of $1.24 billion, compared to last year's EPS of $0.50 on revenue of $1.09 billion. European Markets European markets continued on a high note, the UK's FTSE was up 0.11 percent and the eurozone's STOXX 600 gained 0.29 percent. Earnings Notable earnings released on Monday included: Pep Boys- Manny, Moe & Jack (NYSE: PBY ) reported third quarter EPS of $0.02 on revenue of $507.00 million, compared to last year's EPS of $0.12 on revenue of $509.61 million. | ABM Industries Incorporated (NYSE: ABM ) reported fourth quarter EPS of $0.48 on revenue of $1.24 billion, compared to last year's EPS of $0.50 on revenue of $1.09 billion. Dallas Federal Reserve President James Bullard said the US central bank could begin to taper its bond buying program at its December meeting next week after Friday's US labor data showed marked improvement. Gold was up 0.83 percent and silver gained 1.19 percent. |
29659.0 | 2013-12-09 00:00:00 UTC | After-Hours Earnings Report for December 9, 2013 : PVH, CASY, MTN, ABM, ALOG, TPLM, PBY, CMTL, LDR, TAX, SURG | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-december-9-2013-pvh-casy-mtn-abm-alog-tplm-pby-cmtl-ldr-tax | nan | nan | The following companies are expected to report earnings after hours on 12/09/2013. Visit our Earnings Calendar for a full list of expected earnings releases.
PVH Corp. ( PVH ) is reporting for the quarter ending October 31, 2013. The textile company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.26. This value represents a 3.42% decrease compared to the same quarter last year. In the past year PVH has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.46%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PVH is 18.40 vs. an industry ratio of 25.90.
Caseys General Stores, Inc. ( CASY ) is reporting for the quarter ending October 31, 2013. The retail company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.13. This value represents a 32.94% increase compared to the same quarter last year. CASY missed the consensus earnings per share in the 1st calendar quarter of 2013 by -10.64%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for CASY is 20.20 vs. an industry ratio of 22.50.
Vail Resorts, Inc. ( MTN ) is reporting for the quarter ending October 31, 2013. The leisure (recreational) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-1.92. This value represents a 12.94% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 15 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for MTN is 55.90 vs. an industry ratio of 23.70, 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, 2013. The building maintenance & services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.45. This value represents a 10.00% decrease compared to the same quarter last year. In the past year ABM has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.13%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 18.79 vs. an industry ratio of 25.00.
Analogic Corporation ( ALOG ) is reporting for the quarter ending October 31, 2013. The computer paraphernalia company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.93. This value represents a 138.46% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ALOG is 20.18 vs. an industry ratio of 633.20.
Triangle Petroleum Corporation ( TPLM ) is reporting for the quarter ending October 31, 2013. The consensus earnings per share forecast from the 4 analysts that follow the stock is $0.24. TPLM reported earnings of $0.02 per share for the same quarter a year ago; representing a a increase of 1100.00%. Pep Boys-Manny, Moe & Jack ( PBY ) is reporting for the quarter ending October 31, 2013. The wholesale retail company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.13. This value represents a 8.33% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 15 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PBY is 31.26 vs. an industry ratio of 16.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Comtech Telecommunications Corp. ( CMTL ) is reporting for the quarter ending October 31, 2013. The wireless equipment company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.23. This value represents a 28.13% decrease compared to the same quarter last year. In the past year CMTL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2014 Price to Earnings ratio for CMTL is 27.24 vs. an industry ratio of 60.60.
Landauer, Inc. ( LDR ) is reporting for the quarter ending September 30, 2013. The pollution control company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.50. This value represents a 20.63% decrease compared to the same quarter last year. The last two quarters LDR had negative earnings surprises; the latest report they missed by -19.64%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for LDR is 24.57 vs. an industry ratio of -10.10, implying that they will have a higher earnings growth than their competitors in the same industry.
JTH Holding Inc. D/B/A Liberty Tax Service ( TAX ) is reporting for the quarter ending October 31, 2013. The business services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.57. This value represents a 11.76% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for TAX is 15.03 vs. an industry ratio of 1.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Synergetics USA, Inc. ( SURG ) is reporting for the quarter ending October 31, 2013. The medical instruments company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.04. This value represents a 20.00% decrease compared to the same quarter last year. SURG missed the consensus earnings per share in the 1st calendar quarter of 2013 by -100%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for SURG is 19.75 vs. an industry ratio of -12.60, 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, 2013. In the past year ABM has beat the expectations every quarter. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 18.79 vs. an industry ratio of 25.00. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2013. In the past year ABM has beat the expectations every quarter. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 18.79 vs. an industry ratio of 25.00. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2013. In the past year ABM has beat the expectations every quarter. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 18.79 vs. an industry ratio of 25.00. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2013. In the past year ABM has beat the expectations every quarter. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 18.79 vs. an industry ratio of 25.00. |
29660.0 | 2013-12-06 00:00:00 UTC | Benzinga Weekly Preview: Eurozone Banking Union Plans Get Underway | ABM | https://www.nasdaq.com/articles/benzinga-weekly-preview-eurozone-banking-union-plans-get-underway-2013-12-06 | nan | nan | Next week eurozone finance ministers will hammer out the details of the eurozone's proposed banking union in an attempt to solidify plans for the project before the end of the year.
Bridging the deep divide among the bloc's members over how to set up a resolution mechanism for failing banks will be top priority.
Key Earnings Reports
Next week, investors will be waiting for several key earnings reports including Toll Brothers Inc. (NYSE: TOL ), Adobe Systems Incorporated (NASDAQ: ADBE ), AutoZone, Inc (NYSE: AZO ), Costco Wholesale Corporation (NASDAQ: COST ) and H&R Block, Inc. (NYSE: HRB ).
Toll Brothers Inc.
Toll Brothers is expected to report fourth quarter EPS of $0.41 on revenue of $981.62 million, compared to last year's EPS of $2.35 on revenue of $632.83 million.
Bank of America has a Buy rating on Toll Brothers with a $42.00 price objective at the beginning of November. The analysts at Merrill Lynch cited Toll Brother's successful deal to acquire Shapell Homes in Southern California as part of the reason for their optimism.
"As announced by TOL late last night, the company was successful in its bid to acquire Shapell Homes, a high-end private California home developer controlling around 5,200 lots in coastal Northern and Southern California. The total cost of the transaction was around $1.6bn or roughly $307K per lot, not all too surprising given the location of the lots and the expensive entitlement process (97.5% of lots to be purchased are already entitled). Overall we view the transaction as positive as the acquisition affords TOL a platform for continued growth in California, a state experiencing strong housing growth, and where TOL has been land constrained. In the near-term, gross margins are likely to be a little below TOL's given the step-up in land basis due to purchase accounting."
International Strategy & Investment Group had a similar outlook on Toll Brothers and has a Buy rating with a $52.00 price target on December 1st. ISI noted that it expects Toll Brothers to provide optimistic commentary regarding ongoing trends within the company. ISM revised its fourth quarter EPS estimates to reflect Toll Brothers' pre-released revenues and orders.
"With the pre-announcement, we have moved our F4Q 2013 EPS estimate and our 2014 estimate. We have moved our F4Q estimate to $0.47, up from $0.40. Consensus is $0.42, but contains a mix of estimates before and after the pre-announcement. The higher earnings is primarily from higher Closings numbers, which also helps the SG&A leverage. Our 2014 estimate is $1.72, up from $1.65. That obviously will be revised as we get better acquisition visibility from management."
Following the acquisition announcement, Goldman Sachs was more conservative and has a Neutral rating on Toll Brothers. Goldman Sachs noted that although the deal was likely solid, more details were necessary.
"The deal was not entirely a surprise since it was reported in the press several months ago that Toll was one of the leading bidders. Since the recovery began, California has been one of the most difficult markets in which to buy land. With this deal Toll, which is heavily weighted to the east coast, should see a step function move higher in West coast sales. We would note Shappell, which builds homes at an average price of $791K year-to-date, fits well with Toll's luxury focus. On the company's call today we will look for details around expected margins on the land and returns. While the proposed acquisition seems to have a strategic fit, given the intense competition to buy land in California, we want to better understand the economics."
Sterne Agee has an Underperform rating on Toll Brothers with a $25.00 price target on November 7th, noting that although the Shapell acquisition added value, the near-term impact on EPS would likely be small.
"We are raising our FY13E EPS to $0.89 from $0.83 based on the F4Q13 preannouncement and raising FY15E EPS to $2.45 from $2.42 to reflect today's stock offering and the Shapell transaction. We are trimming FY14E EPS to reflect transaction costs and a negative gross margin influence from the acquired Shapell neighborhoods. Reiterate our Underperform rating and $25 PT."
Adobe Systems Incorporated
Adobe is expected to report third quarter EPS of $0.32 on revenue of $1.03 billion, compared to last year's EPS of $0.61 on revenue of $1.15 billion.
Goldman Sachs has a Neutral rating on Adobe with a $57.00 price target on December 2nd, noting that the company's Creative Cloud was likely to pay a large role in Adobe's outlook.
"Investors will likely once again focus on Creative Cloud adoption. We are forecasting 344k net new subscribers in F4Q13, up from 331k last quarter, at an ARPU of $36 per month, down from $37 last quarter. Thus, we are forecasting subscription revenue of $129mn, up from $95mn in F3Q13. For F1Q14, we expect the company to guide revenue to bracket consensus of $1.019bn (GSe $1.029bn), or a range of $1.00bn-1.05bn. Our expected guidance range assumes normal seasonality of up 2% qoq excluding product cycle launches plus a roughly $30mn sequential headwind from the shift to subscription, and November quarter results around the midpoint of its forecasted range."
AutoZone, Inc
Autozone is expected to report third quarter EPS of $6.29 on revenue of $2.11 billion, compared to last year's EPS of $5.41 on revenue of $1. 99 billion.
Goldman Sachs reduced its rating on AutoZone on November 26 from Buy to Neutral and raised its 12 month price target to $500.00, noting that the stock's recent rise was cause for caution.
"We remove AZO from the Buy List, and rate the shares Neutral. The stock has approached our prior 12-month $470 target, rising with a strong market despite sluggish recent fundamentals. We are guarded on the aftermarket sector given fading demand drivers, namely in the DIY sub-segment, where AZO sharply over-indexes vs. peers. In our view, the company continues to execute well, but lofty returns appear to serve as impediment to a full-on commitment to growing commercial. Also, ROC looks poised to fall from powerful peak levels."
JP Morgan has an Overweight rating on AutoZone with a $515.00 price target on December 4th and noted that the future was looking bright for the company.
"While we have been disappointed with AZO's results, we believe the business should see improved trends in subsequent quarters given expectations for a cold and snowy winter (the first in three years, particularly in the Northeast) and the lapping of the payroll tax increase on Jan 1."
International Strategy & Investment Group LLC was more aggressive and a Strong Buy rating on AutoZone with a price target of $461.00. ISI cited a particularly positive meeting with CEO Bill Rhodes as part of the reason for the optimism.
"Our AZO HQ visit with CEO Bill Rhodes on 11/7 confirmed consistency and execution are key levers to drive shareholder value. Strategic focus remains steady with augmented inventory/ potential AAP-GPI disruption to boost comps. AZO management remains committed to DIY, with profitable commercial growth, and steady shareholder returns key ingredients to long term value creation. Opportunity remains for share grab with inevitable AAP-GPI merger disruption. Longer term initiatives to close a 40-50% DIFM productivity gap vs. peers are critical. We believe enhanced inventory availability initiatives (rolling out chain-wide over 3-4 quarters) will be a focus, along with hub expansion strategy."
Costco Wholesale Corporation
Costco is expected to report third quarter EPS of $1.04 on revenue of $25.47 billion, compared to last year's EPS of $0.95 on revenue of $23.72 billion.
JP Morgan has an Overweight rating on Costco with a price target of $128.00 on the 5th of December. The analysts at JP Morgan noted that although deep discounts in November may have cut into the company's profits, better trends are expected in the future.
"The two and three year trend in most metrics, including core comps and traffic, softened as Costco may have been impacted by November's highly promotional environment where the consumer was attracted to deep discounts at other retailers. Indeed, at the category level, the sequential deceleration in traffic (+4.25% vs. +6.0% in October) was seen mostly in discretionary categories with Softlines slowing to MTHSD from LDD and hardlines turning to negative MSD from flat (and seasonal was down).Electronics remained negative for the fifth straight month as the weak backdrop was compounded by competitors' aggressive price cuts for the holidays. Once the deep discounts pass and COST gets through tough compares in December in these categories, we expect a better trend to emerge. Today's release also supports our view that sales growth has been muted so far this holiday season.Finally, gas prices and FX were a larger drag on total comps (-200 vs., -120e) and this will pressure sales growth (and leverage) should prices remain at these levels."
On December 6th, Goldman Sachs was more conservative with a Neutral rating and a $126.00 price target. Goldman Sachs also noted how Black Friday sales likely impacted the company.
"COST's November sales tracked light of our expectations, as aggressive promotional activity by competitors around Black Friday diverted consumer focus and traffic. This effect was most pronounced in hardlines categories - particularly in consumer electronics, toys, and seasonal items - that were emphasized in holiday promotions at key competitors. Given COST's everyday low price model, we are not particularly concerned by its November results and consider this slowing as a one-off, as opposed to a shift in underlying trends."
Jefferies also noted Costco's struggling sales due to Black Friday discounts and Thanksgiving Day promotions and has a Hold rating with a $103.00 price target on December 5th.
"The company indicated to us that competitors opening early on Thanksgiving and promotions running early in the week likely had a negative impact on business. This may be construed as a temporary impact, but after several months of softer electronic sales, we think that area of the business could be seeing some share shift to competitors that appear to be faring better."
Deutsche Bank was more aggressive on Costco with a Buy rating with a $132.00 price target on December 5th. Deutsche Bank noted that the company has been experiencing solid traffic at its stores.
"Impressively, traffic was up a little over 4.25%, slightly ahead of our +4.0% forecast, which while a deceleration from the standout performance in October (+6%), is still relatively in line with the T6M avg. of +4.8%. On ticket, it was down a little more than 2.0% as a result of the FX drag and gasoline deflation."
H&R Block, Inc.
H&R Block is expected to report a third quarter loss of $0.37 per share on revenue of $137.85 million, compared to last year's loss of $0.37 on revenue of $137.26 million.
Barrington Research has an Outperform rating on H&R Block as of December 6th, noting that Obamacare provides a new opportunity for tax preparation next year.
"The tax preparation industry will be among the most important cogs in the ObamaCare machine and the potential for revenue growth by H&RBlock and other tax prep firms is tremendous. On September 4, H&R Block announced a deal with online insurance company GoHealth to provide HRB customers with the option of buying health insurance over the Internet. HRB also has a pilot program in 30 offices in Phoenix where it has licensed insurance professionals in each office available to discuss what is available on Arizona's Marketplace. While the ACA impact will not be material until fiscal 2015 at the soonest, we view the opportunity as potential for upside, as it is not currently factored into our estimates."
Morgan Stanley has an Overweight rating on on H&R Block as of October 23rd, citing the filing delay for the 2014 tax season as a barrier to success.
"F14 delay negative but likely already anticipated by tax companies. The filing delay for the 2014 tax season will make lives more difficult for the tax companies as they again risk the loss of customers who can't file early in the year and "forget" to file later. This year we had a similar delay and IRS data through May 11 shows total returns filed are still down 80bps y/y. While 2013 had the added negative impact of changes to Earned Income Tax Credit (EITC) forms, HRB and INTU (covered by MS analyst Jennifer Swanson Lowe) have already issued conservative guidance of only ~1% market growth in 2014, at the low-end of historical 1-2% growth."
As of October 25th, Oppenheimer has an Outperform rating on H&R Block with a $32.00 price target off the back of a meeting with the company's CFO Gregory Macfarlane.
"We recently conducted meetings with CFO Gregory Macfarlane. HRB appears well positioned to benefit over coming years as the Affordable Care Act (ACA) implementation is closely linked to the tax filing process. An additional catalyst exists as investors anticipate announcement in coming quarters of a transaction that would alleviate HRB of its (regulation-laden) bank charter/allow for continuation of HRB's financial offerings (e.g. debit cards) via partnership/free-up capital likely to be returned to investors. HRB's stock has appropriately re-rated higher, though we see potential for incremental upside. Tempering FY15E EPS to $2.06 (+25% y/y) from $2.10 on increased bank transaction timing uncertainty, we're introducing FY16E EPS of $2.32 (+13% y/y)/reiterating our Outperform rating/increasing our PT from $30 to $32."
Economic Releases
Europe's industrial production figures will be closely watched next week as investors look for clues about where the bloc's economy is heading in the final quarter of the year. Some see the data showing a modest improvement in November, which would indicate soft growth in the fourth quarter. However, individual members' data could raise concerns about the growing gap between eurozone nations as countries like France are expected to put out poor figures.
Daily Schedule
Monday
Earnings Releases Expected: Vail Resorts, Inc. (NYSE: MTN ), ABM Industries Incorporated (NYSE: ABM ) Economic Releases Expected: German trade balance, Australian GDP, Eurozone investor confidence,
German industrial production,
Tuesday
Earnings Expected From: Toll Brothers Inc. (NYSE: TOL ), AutoZone, Inc. (NYSE: AZO ), H&R Block, Inc. (NYSE: HRB ) Economic Releases Expected: French industrial production, Italian industrial production, British industrial production, British trade balance, British manufacturing production, US Federal Budget Balance
Wednesday
Earnings Expected From: Costco Wholesale Corporation (NASDAQ: COST ), Joy Global Inc. (NYSE: JOY ), Vera Bradley, Inc. (NASDAQ: VRA ) Economic Releases Expected: German CPI, French current account, New Zealand interest rate decision, Australian unemployment rate
Thursday
Earnings Expected From: CIENA Corporation (NASDAQ: CIEN ), lululemon athletic inc. (NASDAQ: LULU ), Adobe Systems Incorporated (NASDAQ: ADBE ) Economic Releases Expected: French CPI, eurozone industrial production, Irish CPI, Brazilian retail sales, US retail sales, US business inventory data
Friday
Earnings Expected From: No notable earnings releases expected Economic Releases Expected: eurozone employment change, US PPI, Spanish CPI
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Daily Schedule Monday Earnings Releases Expected: Vail Resorts, Inc. (NYSE: MTN ), ABM Industries Incorporated (NYSE: ABM ) Economic Releases Expected: German trade balance, Australian GDP, Eurozone investor confidence, German industrial production, Tuesday Earnings Expected From: Toll Brothers Inc. (NYSE: TOL ), AutoZone, Inc. (NYSE: AZO ), H&R Block, Inc. (NYSE: HRB ) Economic Releases Expected: French industrial production, Italian industrial production, British industrial production, British trade balance, British manufacturing production, US Federal Budget Balance Wednesday Earnings Expected From: Costco Wholesale Corporation (NASDAQ: COST ), Joy Global Inc. (NYSE: JOY ), Vera Bradley, Inc. (NASDAQ: VRA ) Economic Releases Expected: German CPI, French current account, New Zealand interest rate decision, Australian unemployment rate Thursday Earnings Expected From: CIENA Corporation (NASDAQ: CIEN ), lululemon athletic inc. (NASDAQ: LULU ), Adobe Systems Incorporated (NASDAQ: ADBE ) Economic Releases Expected: French CPI, eurozone industrial production, Irish CPI, Brazilian retail sales, US retail sales, US business inventory data Friday Earnings Expected From: No notable earnings releases expected Economic Releases Expected: eurozone employment change, US PPI, Spanish CPI (c) 2013 Benzinga.com. "While we have been disappointed with AZO's results, we believe the business should see improved trends in subsequent quarters given expectations for a cold and snowy winter (the first in three years, particularly in the Northeast) and the lapping of the payroll tax increase on Jan 1." "The two and three year trend in most metrics, including core comps and traffic, softened as Costco may have been impacted by November's highly promotional environment where the consumer was attracted to deep discounts at other retailers. | Daily Schedule Monday Earnings Releases Expected: Vail Resorts, Inc. (NYSE: MTN ), ABM Industries Incorporated (NYSE: ABM ) Economic Releases Expected: German trade balance, Australian GDP, Eurozone investor confidence, German industrial production, Tuesday Earnings Expected From: Toll Brothers Inc. (NYSE: TOL ), AutoZone, Inc. (NYSE: AZO ), H&R Block, Inc. (NYSE: HRB ) Economic Releases Expected: French industrial production, Italian industrial production, British industrial production, British trade balance, British manufacturing production, US Federal Budget Balance Wednesday Earnings Expected From: Costco Wholesale Corporation (NASDAQ: COST ), Joy Global Inc. (NYSE: JOY ), Vera Bradley, Inc. (NASDAQ: VRA ) Economic Releases Expected: German CPI, French current account, New Zealand interest rate decision, Australian unemployment rate Thursday Earnings Expected From: CIENA Corporation (NASDAQ: CIEN ), lululemon athletic inc. (NASDAQ: LULU ), Adobe Systems Incorporated (NASDAQ: ADBE ) Economic Releases Expected: French CPI, eurozone industrial production, Irish CPI, Brazilian retail sales, US retail sales, US business inventory data Friday Earnings Expected From: No notable earnings releases expected Economic Releases Expected: eurozone employment change, US PPI, Spanish CPI (c) 2013 Benzinga.com. Key Earnings Reports Next week, investors will be waiting for several key earnings reports including Toll Brothers Inc. (NYSE: TOL ), Adobe Systems Incorporated (NASDAQ: ADBE ), AutoZone, Inc (NYSE: AZO ), Costco Wholesale Corporation (NASDAQ: COST ) and H&R Block, Inc. (NYSE: HRB ). Toll Brothers Inc. Toll Brothers is expected to report fourth quarter EPS of $0.41 on revenue of $981.62 million, compared to last year's EPS of $2.35 on revenue of $632.83 million. | Daily Schedule Monday Earnings Releases Expected: Vail Resorts, Inc. (NYSE: MTN ), ABM Industries Incorporated (NYSE: ABM ) Economic Releases Expected: German trade balance, Australian GDP, Eurozone investor confidence, German industrial production, Tuesday Earnings Expected From: Toll Brothers Inc. (NYSE: TOL ), AutoZone, Inc. (NYSE: AZO ), H&R Block, Inc. (NYSE: HRB ) Economic Releases Expected: French industrial production, Italian industrial production, British industrial production, British trade balance, British manufacturing production, US Federal Budget Balance Wednesday Earnings Expected From: Costco Wholesale Corporation (NASDAQ: COST ), Joy Global Inc. (NYSE: JOY ), Vera Bradley, Inc. (NASDAQ: VRA ) Economic Releases Expected: German CPI, French current account, New Zealand interest rate decision, Australian unemployment rate Thursday Earnings Expected From: CIENA Corporation (NASDAQ: CIEN ), lululemon athletic inc. (NASDAQ: LULU ), Adobe Systems Incorporated (NASDAQ: ADBE ) Economic Releases Expected: French CPI, eurozone industrial production, Irish CPI, Brazilian retail sales, US retail sales, US business inventory data Friday Earnings Expected From: No notable earnings releases expected Economic Releases Expected: eurozone employment change, US PPI, Spanish CPI (c) 2013 Benzinga.com. Key Earnings Reports Next week, investors will be waiting for several key earnings reports including Toll Brothers Inc. (NYSE: TOL ), Adobe Systems Incorporated (NASDAQ: ADBE ), AutoZone, Inc (NYSE: AZO ), Costco Wholesale Corporation (NASDAQ: COST ) and H&R Block, Inc. (NYSE: HRB ). Toll Brothers Inc. Toll Brothers is expected to report fourth quarter EPS of $0.41 on revenue of $981.62 million, compared to last year's EPS of $2.35 on revenue of $632.83 million. | Daily Schedule Monday Earnings Releases Expected: Vail Resorts, Inc. (NYSE: MTN ), ABM Industries Incorporated (NYSE: ABM ) Economic Releases Expected: German trade balance, Australian GDP, Eurozone investor confidence, German industrial production, Tuesday Earnings Expected From: Toll Brothers Inc. (NYSE: TOL ), AutoZone, Inc. (NYSE: AZO ), H&R Block, Inc. (NYSE: HRB ) Economic Releases Expected: French industrial production, Italian industrial production, British industrial production, British trade balance, British manufacturing production, US Federal Budget Balance Wednesday Earnings Expected From: Costco Wholesale Corporation (NASDAQ: COST ), Joy Global Inc. (NYSE: JOY ), Vera Bradley, Inc. (NASDAQ: VRA ) Economic Releases Expected: German CPI, French current account, New Zealand interest rate decision, Australian unemployment rate Thursday Earnings Expected From: CIENA Corporation (NASDAQ: CIEN ), lululemon athletic inc. (NASDAQ: LULU ), Adobe Systems Incorporated (NASDAQ: ADBE ) Economic Releases Expected: French CPI, eurozone industrial production, Irish CPI, Brazilian retail sales, US retail sales, US business inventory data Friday Earnings Expected From: No notable earnings releases expected Economic Releases Expected: eurozone employment change, US PPI, Spanish CPI (c) 2013 Benzinga.com. Toll Brothers Inc. Toll Brothers is expected to report fourth quarter EPS of $0.41 on revenue of $981.62 million, compared to last year's EPS of $2.35 on revenue of $632.83 million. ISM revised its fourth quarter EPS estimates to reflect Toll Brothers' pre-released revenues and orders. |
29661.0 | 2013-12-05 00:00:00 UTC | Will ABM Industries (ABM) Surprise This Earnings Season? - Analyst Blog | ABM | https://www.nasdaq.com/articles/will-abm-industries-abm-surprise-this-earnings-season-analyst-blog-2013-12-05 | nan | nan | ABM Industries Incorporated ( ABM ) is set to report fourth-quarter 2013 results on Dec 9. Last quarter it posted a 5.1% positive earnings surprise. Let us see how things are shaping up for this announcement.
In the last reported quarter, ABM Industries reported strong third quarter fiscal 2013 results (ended July 31, 2013) with net income of $16.1 million or 29 cents per share compared with $12.6 million or 23 cents per share in the year-earlier quarter.
Growth Factors this Past Quarter
ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. The company expects to continue its bull run in the coming quarters as well as healthy margin improvements and seamless integration of acquired businesses. Management also reiterated that corporate restructuring initiatives were well on track to have a sustained long-term growth momentum.
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 is likely to improve its long-term growth prospects and provide higher margin opportunities by enabling it to better deliver end-to-end services to its clients across urban, suburban and rural areas.
Earnings Whispers?
Our proven model does not conclusively show that ABM Industries is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here as you will see below.
Zacks ESP: The Most Accurate Estimate and the Zacks Consensus Estimate both currently stand at 45 cents. Thus, the ESP is 0.00%.
Zacks Rank #2 (Buy): ABM Industries carries a Zacks Rank #2 but a positive ESP would have made us confident about an earnings beat.
We caution against stocks with Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing a negative estimate revisions momentum.
Stocks to Consider
Here are some companies you may want to consider as our model shows that they have the right combination of elements to post an earnings beat in the imminent future:
FTI Consulting, Inc. ( FCN ) with Earnings ESP of + 1.74% and a Zacks Rank #1 (Strong Buy)
3M company. ( MMM ) with Earnings ESP of +0.60% and a Zacks Rank #3 (Hold)
Microchip Technology Inc . ( MCHP ) with Earnings ESP of +0.46% and 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 Industries Incorporated ( ABM ) is set to report fourth-quarter 2013 results on Dec 9. In the last reported quarter, ABM Industries reported strong third quarter fiscal 2013 results (ended July 31, 2013) with net income of $16.1 million or 29 cents per share compared with $12.6 million or 23 cents per share in the year-earlier quarter. Growth Factors this Past Quarter ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. | In the last reported quarter, ABM Industries reported strong third quarter fiscal 2013 results (ended July 31, 2013) with net income of $16.1 million or 29 cents per share compared with $12.6 million or 23 cents per share in the year-earlier quarter. ABM INDUSTRIES (ABM): Free Stock Analysis Report FTI CONSULTING (FCN): Free Stock Analysis Report MICROCHIP TECH (MCHP): Free Stock Analysis Report 3M CO (MMM): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ( ABM ) is set to report fourth-quarter 2013 results on Dec 9. | Zacks Rank #2 (Buy): ABM Industries carries a Zacks Rank #2 but a positive ESP would have made us confident about an earnings beat. ABM INDUSTRIES (ABM): Free Stock Analysis Report FTI CONSULTING (FCN): Free Stock Analysis Report MICROCHIP TECH (MCHP): Free Stock Analysis Report 3M CO (MMM): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated ( ABM ) is set to report fourth-quarter 2013 results on Dec 9. | Zacks Rank #2 (Buy): ABM Industries carries a Zacks Rank #2 but a positive ESP would have made us confident about an earnings beat. ABM Industries Incorporated ( ABM ) is set to report fourth-quarter 2013 results on Dec 9. In the last reported quarter, ABM Industries reported strong third quarter fiscal 2013 results (ended July 31, 2013) with net income of $16.1 million or 29 cents per share compared with $12.6 million or 23 cents per share in the year-earlier quarter. |
29662.0 | 2013-12-03 00:00:00 UTC | ABM Reaffirmed at Neutral - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-reaffirmed-at-neutral-analyst-blog-2013-12-03 | nan | nan | On Dec 2, 2013, we reaffirmed our Neutral recommendation on ABM Industries Inc ( ABM ) .The reiteration was based on the company's strong third quarter fiscal 2013 results, realignment of its operational structure to improve its long-term growth prospects and higher margin opportunities. However, intense competitive pressure and integration costs from increased acquisitions are likely to undermine the positives to some extent.
Why the Neutral Recommendation?
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 is likely to improve its long-term growth prospects and provide 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 as well as strengthen its position in existing markets through both inorganic and organic growth across the industry verticals. The company's strategy also entails a diligent focus to maintain steady profit margins, keeping overall costs low.
However, the company 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 down costs, especially in the areas where external services are subject to sales tax.
Also, the company largely depends on inorganic growth and the failure to make new acquisitions on a regular basis may hamper its growth rate.
Nevertheless, over the last 60 days, the Zacks Consensus Estimate for ABM Industries' 2013 earnings per share moved up by 0.7% to $1.48. Also, for 2014, it increased by 0.6% to $1.62 per share.
Other Stocks to Consider
ABM Industries currently has a Zacks Rank #2 (Buy). Other stocks worth considering in the industry include Stantec Inc ( STN ) and CoreLogic, Inc ( CLGX ), holding a Zacks Rank #1 (Strong Buy), and Rollins Inc ( ROL ), holding 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 Dec 2, 2013, we reaffirmed our Neutral recommendation on ABM Industries Inc ( ABM ) .The reiteration was based on the company's strong third quarter fiscal 2013 results, realignment of its operational structure to improve its long-term growth prospects and higher margin opportunities. 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. Nevertheless, over the last 60 days, the Zacks Consensus Estimate for ABM Industries' 2013 earnings per share moved up by 0.7% to $1.48. | On Dec 2, 2013, we reaffirmed our Neutral recommendation on ABM Industries Inc ( ABM ) .The reiteration was based on the company's strong third quarter fiscal 2013 results, realignment of its operational structure to improve its long-term growth prospects and higher margin opportunities. ABM INDUSTRIES (ABM): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report STANTEC INC (STN): Free Stock Analysis Report To read this article on Zacks.com click here. 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. | On Dec 2, 2013, we reaffirmed our Neutral recommendation on ABM Industries Inc ( ABM ) .The reiteration was based on the company's strong third quarter fiscal 2013 results, realignment of its operational structure to improve its long-term growth prospects and higher margin opportunities. ABM INDUSTRIES (ABM): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report STANTEC INC (STN): Free Stock Analysis Report To read this article on Zacks.com click here. 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. | On Dec 2, 2013, we reaffirmed our Neutral recommendation on ABM Industries Inc ( ABM ) .The reiteration was based on the company's strong third quarter fiscal 2013 results, realignment of its operational structure to improve its long-term growth prospects and higher margin opportunities. Other Stocks to Consider ABM Industries currently has a Zacks Rank #2 (Buy). 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. |
29663.0 | 2013-12-02 00:00:00 UTC | ABM Industries Inc. (ABM): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report | ABM | https://www.nasdaq.com/articles/abm-industries-inc-abm-new-analyst-report-zacks-equity-research-zacks-equity-research | nan | nan | Summary:
ABM's fourth-quarter fiscal 2014 adjusted earnings missed the Zacks Consensus Estimate by $0.03 despite record revenues. ABM has realigned its operational structure to improve the long-term growth prospects and generate higher margin opportunities. The company expects to extend its global footprint and strengthen its position in existing markets through continuous acquisitions and organic growth across the industry verticals. ABM has also increased its quarterly dividend for 195th consecutive quarterly dividend payment. However, intense competitive pressures and high integration and start-up costs are likely to peg back its profitability to some extent. Nevertheless, we maintain our Neutral recommendation on the stock.
Overview:
Founded in 1909 and headquartered in San Francisco, California, ABM Industries Inc. provides engineering, janitorial, parking, and security services to thousands of commercial, industrial, institutional, and retail facilities across the U.S. as well as Puerto Rico, British Columbia, and Canada.
Effective first quarter 2013, the company reorganized its reportable segments to better align with the reorganization of the operational structure to an onsite, mobile, and on-demand market-based entity. The Onsite Services include the Janitorial, Parking, and Security reportable segments and a part of the erstwhile Facility Solutions segment, which is split into two new reportable segments, Facility Services and Building & Energy Solutions. The five operating segments are discussed hereunder:
Janitorial Services provide a wide range of basic janitorial services for a variety of facilities commercial office buildings, industrial buildings, retail stores, shopping centers, warehouses, airport terminals, health facilities and educational institutions, stadiums and arenas, and government buildings. These services include floor cleaning and finishing, window washing, furniture polishing, carpet cleaning and dusting, and other building cleaning services. The services are based on either fixed price' arrangements, cost-plus' arrangements, or tag' (extra service) work. In fixed price arrangements, clients pay a fixed fee every month over a specified contract term. In cost-plus arrangements, clients reimburse the company for the agreed-upon amount of wages and benefits, payroll taxes, insurance charges, and other expenses associated with the contracted work, in addition to a profit percentage. Tag work represents supplemental services as requested by clients outside of the standard service specification.
Facility Solutions provide end-to-end integrated facility solutions services that include building operations and maintenance and bundled energy solutions through both mobile and on-site services. The on-site services comprise both mechanical engineering and technical services and solutions for facilities and infrastructure systems, while the mobile services consist of preventative maintenance, retro-commissioning, mechanical retrofits and upgrades, electric vehicle charging stations, electrical service, systems start-ups, performance testing, and energy audits. These services are designed to extend the useful life of facility fixed assets, improve equipment operating efficiencies, reduce energy consumption, lower overall operational costs, and enhance the sustainability of client locations.
Parking provides parking and transportation services across parking lots and garages at several facilities such as office buildings, hotels, medical centers, retail centers, sports and entertainment arenas, educational institutions, municipalities, and airports. Parking services are based on three types of arrangements namely, managed locations, leased locations, and allowance locations. Under the managed location arrangements, ABM manages the underlying parking facility for the owner in exchange for a management fee. In case of leased locations, the company leases parking facilities from the owner and bears most of the operating expenses incurred. Under these arrangements, ABM retains all revenues from monthly and transient parkers and pays rent to the owner per the terms and conditions of the lease. In case of allowance location arrangements, ABM is paid a fixed or hourly fee to provide parking services and bears the agreed-upon operating expenses based upon the agreement terms.
Security Services provides security services such as staffing of security officers mobile patrol services investigative services electronic monitoring of fire, life safety systems, and access control devices and security consulting services. ABM's clients in this segment include Class A high rise, commercial, industrial, retail, medical, petro-chemical, and residential facilities. The revenues are generally based on actual hours of service at contractually specified rates, or on a flat monthly billing, or on single rate billing.
Building & Energy Solutions provides preventative maintenance services, retro-commissioning, mechanical retrofits and upgrades, electric vehicle charging stations, electrical service, systems start-ups, performance testing, and energy audits to a diverse client base. These include both private and public sectors, including various U.S. Government entities. This segment also provides support to U.S. Government entities for specialty service solutions such as leadership development, education and training, language support services, medical support services, and construction management.
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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 case of allowance location arrangements, ABM is paid a fixed or hourly fee to provide parking services and bears the agreed-upon operating expenses based upon the agreement terms. Summary: ABM's fourth-quarter fiscal 2014 adjusted earnings missed the Zacks Consensus Estimate by $0.03 despite record revenues. ABM has realigned its operational structure to improve the long-term growth prospects and generate higher margin opportunities. | Summary: ABM's fourth-quarter fiscal 2014 adjusted earnings missed the Zacks Consensus Estimate by $0.03 despite record revenues. ABM has realigned its operational structure to improve the long-term growth prospects and generate higher margin opportunities. ABM has also increased its quarterly dividend for 195th consecutive quarterly dividend payment. | Summary: ABM's fourth-quarter fiscal 2014 adjusted earnings missed the Zacks Consensus Estimate by $0.03 despite record revenues. ABM has realigned its operational structure to improve the long-term growth prospects and generate higher margin opportunities. ABM has also increased its quarterly dividend for 195th consecutive quarterly dividend payment. | In case of allowance location arrangements, ABM is paid a fixed or hourly fee to provide parking services and bears the agreed-upon operating expenses based upon the agreement terms. ABM Industries Inc. (ABM): Read the Full Research Report Want the latest recommendations from Zacks Investment Research? Summary: ABM's fourth-quarter fiscal 2014 adjusted earnings missed the Zacks Consensus Estimate by $0.03 despite record revenues. |
29664.0 | 2013-11-15 00:00:00 UTC | This Week's Growth & Income Stocks: (PFG)(ABM) - Analyst Blog | ABM | https://www.nasdaq.com/articles/this-weeks-growth-income-stocks%3A-pfgabm-analyst-blog-2013-11-15 | nan | nan | Todd Bunton, Zacks Strategist explains why PFG is benefiting from the rising stock market and ABM is cleaning up.
Watch below to see why these two Zacks #2 ranked stocks are this week's stocks to 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. | Todd Bunton, Zacks Strategist explains why PFG is benefiting from the rising stock market and ABM is cleaning up. ABM INDUSTRIES (ABM): Free Stock Analysis Report PRINCIPAL FINL (PFG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM INDUSTRIES (ABM): Free Stock Analysis Report PRINCIPAL FINL (PFG): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, Zacks Strategist explains why PFG is benefiting from the rising stock market and ABM is cleaning up. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM INDUSTRIES (ABM): Free Stock Analysis Report PRINCIPAL FINL (PFG): Free Stock Analysis Report To read this article on Zacks.com click here. Todd Bunton, Zacks Strategist explains why PFG is benefiting from the rising stock market and ABM is cleaning up. 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. | Todd Bunton, Zacks Strategist explains why PFG is benefiting from the rising stock market and ABM is cleaning up. ABM INDUSTRIES (ABM): Free Stock Analysis Report PRINCIPAL FINL (PFG): Free Stock Analysis Report To read this article on Zacks.com click here. Watch below to see why these two Zacks #2 ranked stocks are this week's stocks to buy. |
29665.0 | 2013-11-15 00:00:00 UTC | ABM Supports Healthcare Market - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-supports-healthcare-market-analyst-blog-2013-11-15 | nan | nan | To meet the evolving needs of the healthcare market, ABM Industries Incorporated ( ABM) recently announced the launch of its ABM Healthcare Support Services business that integrates the strengths of HHA Services, Healthcare Parking Systems of America and ABM Health.
The strategic move by the company is to identify the service needs of key vertical markets and then find the best solution for them. ABM Healthcare Support Services is the only company that can deliver this scale of services for the entire healthcare ecosystem. The services provided by ABM include clinical engineering and healthcare technologies, environmental services, food service, facility management, energy solutions, hospitality & valet, parking and patient observation, and patient transportation and security.
Through its clinical engineering expertise, ABM can guarantee performance-based results and provide improved Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) and patient satisfaction scores.
In addition to other challenges, healthcare organizations are currently undergoing transformational changes due to new reimbursement policies, regulatory requirements and policy changes. This investment aims to be a solution for those problems. These services will deliver high quality care and also help in lowering of costs. The solution requires both on-site and route-based specialists that can provide services to the entire healthcare system irrespective of building size or location.
Headquartered in San Francisco, Calif., ABM Industries 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.
ABM Industries currently has a Zacks Rank #2 (Buy). Other stocks that also look promising and are worth considering now in the industry include CoreLogic, Inc ( CLGX ) and Stantec Inc (STN ), both carrying a Zacks Rank #1 (Strong Buy), and Rollins Inc ( ROL ), 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. | Headquartered in San Francisco, Calif., ABM Industries 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. To meet the evolving needs of the healthcare market, ABM Industries Incorporated ( ABM) recently announced the launch of its ABM Healthcare Support Services business that integrates the strengths of HHA Services, Healthcare Parking Systems of America and ABM Health. ABM Healthcare Support Services is the only company that can deliver this scale of services for the entire healthcare ecosystem. | The services provided by ABM include clinical engineering and healthcare technologies, environmental services, food service, facility management, energy solutions, hospitality & valet, parking and patient observation, and patient transportation and security. Headquartered in San Francisco, Calif., ABM Industries 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. Other stocks that also look promising and are worth considering now in the industry include CoreLogic, Inc ( CLGX ) and Stantec Inc (STN ), both carrying a Zacks Rank #1 (Strong Buy), and Rollins Inc ( ROL ), carrying a Zacks Rank #2 (Buy) ABM INDUSTRIES (ABM): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report STANTEC INC (STN): Free Stock Analysis Report To read this article on Zacks.com click here. | To meet the evolving needs of the healthcare market, ABM Industries Incorporated ( ABM) recently announced the launch of its ABM Healthcare Support Services business that integrates the strengths of HHA Services, Healthcare Parking Systems of America and ABM Health. The services provided by ABM include clinical engineering and healthcare technologies, environmental services, food service, facility management, energy solutions, hospitality & valet, parking and patient observation, and patient transportation and security. Other stocks that also look promising and are worth considering now in the industry include CoreLogic, Inc ( CLGX ) and Stantec Inc (STN ), both carrying a Zacks Rank #1 (Strong Buy), and Rollins Inc ( ROL ), carrying a Zacks Rank #2 (Buy) ABM INDUSTRIES (ABM): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report STANTEC INC (STN): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Healthcare Support Services is the only company that can deliver this scale of services for the entire healthcare ecosystem. ABM Industries currently has a Zacks Rank #2 (Buy). To meet the evolving needs of the healthcare market, ABM Industries Incorporated ( ABM) recently announced the launch of its ABM Healthcare Support Services business that integrates the strengths of HHA Services, Healthcare Parking Systems of America and ABM Health. |
29666.0 | 2013-10-23 00:00:00 UTC | Rollins Declares Special Dividend - Analyst Blog | ABM | https://www.nasdaq.com/articles/rollins-declares-special-dividend-analyst-blog-2013-10-23 | nan | nan | Rollins Inc. ( ROL ), a major consumer and commercial services company, recently announced a special year-end dividend of 9 cents per share payable on Dec 10, 2013, to shareholders of record date Nov 8.
In addition to this, the company will pay regular quarterly dividends of 9 cents per share to the shareholders.
Rollins had maintained a steady dividend of 9 cents per share during all preceding quarters of 2013. Moreover, the company made periodic dividend hikes since 2000. Additionally, a special dividend of 12 cents per share was also declared at year-end 2012.
Apart from rewarding shareholders with dividends, the company also returns significant cash to shareholders through share repurchases. During the third quarter ended Sep 30, 2013, the company purchased 168,110 shares under its share repurchase program.
The company also repurchased 172,589 shares in second-quarter 2013. The shares, having face value of $1, were bought from the open market at a weighted average price of $24.41 each.
The company has repurchased a total of 340,699 shares year-to-date. Under its share repurchase program, the company currently has 4,957,484 additional shares available for buying.
Rollins operates through its wholly-owned subsidiaries like Orkin Canada, HomeTeam Pest Defense, Western Pest Services and The Industrial Fumigant Company.
Rollins currently carries a Zacks Rank #3 (Hold). Other well-positioned stocks in the Business Services sector include ABM Industries Inc. ( ABM ), Clear Channel Outdoor Holdings Inc. ( CCO ) and Huron Consulting Group Inc . ( HURN ), all of which 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. | Other well-positioned stocks in the Business Services sector include ABM Industries Inc. ( ABM ), Clear Channel Outdoor Holdings Inc. ( CCO ) and Huron Consulting Group Inc . ABM INDUSTRIES (ABM): Free Stock Analysis Report CLEAR CHANL OUT (CCO): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. Rollins Inc. ( ROL ), a major consumer and commercial services company, recently announced a special year-end dividend of 9 cents per share payable on Dec 10, 2013, to shareholders of record date Nov 8. | Other well-positioned stocks in the Business Services sector include ABM Industries Inc. ( ABM ), Clear Channel Outdoor Holdings Inc. ( CCO ) and Huron Consulting Group Inc . ABM INDUSTRIES (ABM): Free Stock Analysis Report CLEAR CHANL OUT (CCO): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. Rollins Inc. ( ROL ), a major consumer and commercial services company, recently announced a special year-end dividend of 9 cents per share payable on Dec 10, 2013, to shareholders of record date Nov 8. | ABM INDUSTRIES (ABM): Free Stock Analysis Report CLEAR CHANL OUT (CCO): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-positioned stocks in the Business Services sector include ABM Industries Inc. ( ABM ), Clear Channel Outdoor Holdings Inc. ( CCO ) and Huron Consulting Group Inc . Rollins Inc. ( ROL ), a major consumer and commercial services company, recently announced a special year-end dividend of 9 cents per share payable on Dec 10, 2013, to shareholders of record date Nov 8. | Other well-positioned stocks in the Business Services sector include ABM Industries Inc. ( ABM ), Clear Channel Outdoor Holdings Inc. ( CCO ) and Huron Consulting Group Inc . ABM INDUSTRIES (ABM): Free Stock Analysis Report CLEAR CHANL OUT (CCO): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. In addition to this, the company will pay regular quarterly dividends of 9 cents per share to the shareholders. |
29667.0 | 2013-09-30 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for October 01, 2013 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-october-01-2013-2013-09-30 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on October 01, 2013. A cash dividend payment of $0.15 per share is scheduled to be paid on November 04, 2013. Shareholders who purchased ABM stock 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 $26.55, the dividend yield is 2.26%.
The previous trading day's last sale of ABM was $26.55, representing a -0.67% decrease from the 52 week high of $26.73 and a 47.91% increase over the 52 week low of $17.95.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and ADT Corporation ( ADT ). ABM's current earnings per share, an indicator of a company's profitability, is $1.38. Zacks Investment Research reports ABM's forecasted earnings growth in 2013 as 5.94%, compared to an industry average of 14.6%.
For more information on the declaration, record and payment dates, visit the ABM Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABM through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABM as a top-10 holding:
Schwab U.S. Small-Cap ETF ( SCHA )
Schwab U.S. Broad Market ETF ( SCHB ).
The top-performing ETF of this group is SCHA with an increase of 10.51% over the last 100 days. It also has the highest percent weighting of ABM at 6.64%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABM's forecasted earnings growth in 2013 as 5.94%, compared to an industry average of 14.6%. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | The following ETF(s) have ABM as a top-10 holding: Schwab U.S. Small-Cap ETF ( SCHA ) Schwab U.S. Broad Market ETF ( SCHB ). 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 01, 2013. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on October 01, 2013. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: Schwab U.S. Small-Cap ETF ( SCHA ) Schwab U.S. Broad Market ETF ( SCHB ). | Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABM as a top-10 holding: Schwab U.S. Small-Cap ETF ( SCHA ) Schwab U.S. Broad Market ETF ( SCHB ). ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on October 01, 2013. |
29668.0 | 2013-09-23 00:00:00 UTC | Millennial Media's Jumptap Buy Gets FTC Nod - Analyst Blog | ABM | https://www.nasdaq.com/articles/millennial-medias-jumptap-buy-gets-ftc-nod-analyst-blog-2013-09-23 | nan | nan | Mobile advertising and data provider Millennial Media Inc. ( MM ) recently received the green signal from the U.S. Federal Trade Commission (FTC) for the acquisition of privately-held mobile advertising platform Jumptap, Inc. With the regulatory approval, the transaction is likely to form a behemoth in its category with complementary product offerings, operating synergies and technological collaboration to serve a wide spectrum of customers across the globe.
The Acquiree
Headquartered in Boston, Jumptap is a premier mobile advertising platform reaching over 218 million mobile users in the U.S. and over 439 mobile users globally. It boasts more than 124 million unique and data-rich profiles, of which about 44 million can be reached across both mobile and online platforms.
According to market research firm International Data Corporation, Jumptap was the second-largest advertising platform in the U.S. with 10.7% market share in 2012 behind Millennia Media at 18%. Jumptap is an industry pioneer in forging strategic partnerships with over 20 third-party data providers that has enabled it to focus on audience-centric advertising program through its 76,000 mobile sites and apps. In addition, to ensure a holistic coverage of the mobile advertising market, it has issued 55 patents and another 50 patents are awaiting approval.
The Deal
In concurrence with the agreement, Jumptap shareholders will receive approximately 24.6 million shares of Millennial Media, which is equivalent to approximately 22.5% pro forma ownership post transaction.
In addition to the stock component, the deal also has a minor cash component aggregating a maximum of $12 million (based on Millennial Media's closing share price on Aug 9, 2013). The exact stock and cash composition will be determined at the closing of the transaction based upon Millennial Media's share price at that time.
The Key Takeaways
The product portfolio of the combined entity compliments well and that is likely to result in economies of scale in the fast-growing mobile ad market. Jumptap has a strategic presence in the Real-time bidding (RTB) segment with over 2 billion impressions per day to deliver app and other performance campaigns. RTB is a method of selling and buying online display advertising in real time one ad impression at a time. In addition, Jumptap brings on board a focused presence in performance advertising with healthy cross-screen solutions, intellectual-property portfolio and strong business partnerships providing third-party data that complements Millennial Media's first-party data assets.
Millennial Media has over 450 million unique user profiles, which are utilized by advertisers to target specific ad campaigns. By integrating Jumptap's third-party data with its indigenous data sources, the combined company will have relatively enriched data asset to drive better results for both brand and performance advertisers. With its tie-up with 24/7 Real Media, Jumptap also has cross-screen advertising solutions that facilitates advertisers to run ads across mobile devices and PCs. This gives Millennial Media a fair pie of TV ad market and extends its customer reach across the international arena.
Jumptap's patented assets further improve the intellectual property portfolio of the merged entity. These patents encompass broad aspects of the delivery and targeting of mobile advertising and put the combined company in an elite class. In addition, Jumptap also augment the human capital of the new company with senior-leadership team and skilled technicians of app developers and programmers.
Stakeholder Benefits
For mobile advertisers and agencies , the combined company will provide arguably the largest and comprehensive audience solutions with unrivalled brand and performance capabilities. The merged company will deliver market-leading data, video, rich-media, cross-screen, programmatic bidding/buying and measurement solutions for an informative decision-making exercise with better analytics, relevancy and performance-driven resources.
For mobile developers and publishers , the new entity will offer easier access to a larger pool of managed, self-service and programmatic tools to monetize inventory more efficiently and effectively.
Moving Forward
Millennial Media had earlier set four priorities for growth initiatives this year, which included an easier method to buy and transact on its platform, expanding proprietary data assets, delivering effective advertising across different mobile devices and global expansion. The Jumptap acquisition is an effort on this endeavor. Jumptap is a strategic fit to Millennial Media and post-integration, the company expects incremental revenues on an immediate basis.
Since its inception in 2006, Millennial Media has created a niche market through innovation and a diligent focus on mobile advertising platforms. The business model of the company hinges upon sophisticated data and technology, solid partnerships with global media and application developers across all operating systems, and healthy relationships with leading global brands. We remain encouraged with the industry consolidation and expect Millennial Media to reap huge benefits from the acquisition.
Millennial Media has a Zacks Rank #3 (Hold). Other notable companies in the industry that warrant a look include MDC Partners Inc. ( MDCA ), ABM Industries Incorporated ( ABM ) and Publicis Groupe SA ( PUBGY ), 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. | Other notable companies in the industry that warrant a look include MDC Partners Inc. ( MDCA ), ABM Industries Incorporated ( ABM ) and Publicis Groupe SA ( PUBGY ), each carrying a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report MILLENNIAL MEDA (MM): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. Stakeholder Benefits For mobile advertisers and agencies , the combined company will provide arguably the largest and comprehensive audience solutions with unrivalled brand and performance capabilities. | ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report MILLENNIAL MEDA (MM): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. Other notable companies in the industry that warrant a look include MDC Partners Inc. ( MDCA ), ABM Industries Incorporated ( ABM ) and Publicis Groupe SA ( PUBGY ), each carrying a Zacks Rank #2 (Buy). In addition, Jumptap brings on board a focused presence in performance advertising with healthy cross-screen solutions, intellectual-property portfolio and strong business partnerships providing third-party data that complements Millennial Media's first-party data assets. | Other notable companies in the industry that warrant a look include MDC Partners Inc. ( MDCA ), ABM Industries Incorporated ( ABM ) and Publicis Groupe SA ( PUBGY ), each carrying a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report MILLENNIAL MEDA (MM): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. Mobile advertising and data provider Millennial Media Inc. ( MM ) recently received the green signal from the U.S. Federal Trade Commission (FTC) for the acquisition of privately-held mobile advertising platform Jumptap, Inc. With the regulatory approval, the transaction is likely to form a behemoth in its category with complementary product offerings, operating synergies and technological collaboration to serve a wide spectrum of customers across the globe. | Other notable companies in the industry that warrant a look include MDC Partners Inc. ( MDCA ), ABM Industries Incorporated ( ABM ) and Publicis Groupe SA ( PUBGY ), each carrying a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report MILLENNIAL MEDA (MM): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. RTB is a method of selling and buying online display advertising in real time one ad impression at a time. |
29669.0 | 2013-09-19 00:00:00 UTC | ABM Industries Wins US DoD Contract - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-industries-wins-us-dod-contract-analyst-blog-2013-09-19 | nan | nan | ABM Industries Incorporated's ( ABM ) business unit ABM Government Services recently secured a contract from Department of Defense (DoD) to provide a full range of logistics support services to the U.S. Army base, Fort Benning, Ga. The modification logistics contract was for approximately $42.9 million in the base year and $50 million in the following 4 years for an aggregate of $268.9 million over a five-year period.
Under this contract, ABM Industries will provide material maintenance services, and retail supply and transportation support to the navy. The logistics support contract falls under the U.S. Army's Enhanced Army Global Logistics Enterprise (EAGLE) program. The program centralizes functional responsibility and maximizes efficiency by combining maintenance, supply and transportation support services into one performance requirement.
The contract win amid a stiff competitive environment signifies the inherent service quality of ABM Industries. The company provides various mission critical services to address challenges of military and other government agencies, providing them with adequate mission support services.
ABM Industries has a healthy contract pipeline and is particularly strong in government business. In the last reported quarter, total revenue increased 12.8% year over year to $1,216.8 million, primarily driven by accretive acquisitions and organic growth from new sales and expansion of services with existing clients.
Headquartered in San Francisco, Calif., ABM Industries 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.
ABM Industries currently has a Zacks Rank #2 (Buy). Other stocks that look promising and are worth considering now in the industry include Information Services Group, Inc ( III ), carrying a Zacks Rank #1 (Strong Buy), and Corporate Executive Board Co ( CEB ) and Huron Consulting Group Inc ( HURN ), 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. | Under this contract, ABM Industries will provide material maintenance services, and retail supply and transportation support to the navy. The contract win amid a stiff competitive environment signifies the inherent service quality of ABM Industries. ABM Industries Incorporated's ( ABM ) business unit ABM Government Services recently secured a contract from Department of Defense (DoD) to provide a full range of logistics support services to the U.S. Army base, Fort Benning, Ga. | Under this contract, ABM Industries will provide material maintenance services, and retail supply and transportation support to the navy. ABM INDUSTRIES (ABM): Free Stock Analysis Report CORP EXEC BRD (CEB): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report INFORMATION SVC (III): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries Incorporated's ( ABM ) business unit ABM Government Services recently secured a contract from Department of Defense (DoD) to provide a full range of logistics support services to the U.S. Army base, Fort Benning, Ga. | ABM Industries Incorporated's ( ABM ) business unit ABM Government Services recently secured a contract from Department of Defense (DoD) to provide a full range of logistics support services to the U.S. Army base, Fort Benning, Ga. ABM INDUSTRIES (ABM): Free Stock Analysis Report CORP EXEC BRD (CEB): Free Stock Analysis Report HURON CONSLT GP (HURN): Free Stock Analysis Report INFORMATION SVC (III): Free Stock Analysis Report To read this article on Zacks.com click here. Under this contract, ABM Industries will provide material maintenance services, and retail supply and transportation support to the navy. | ABM Industries Incorporated's ( ABM ) business unit ABM Government Services recently secured a contract from Department of Defense (DoD) to provide a full range of logistics support services to the U.S. Army base, Fort Benning, Ga. Under this contract, ABM Industries will provide material maintenance services, and retail supply and transportation support to the navy. The contract win amid a stiff competitive environment signifies the inherent service quality of ABM Industries. |
29670.0 | 2013-09-05 00:00:00 UTC | Company News for September 05, 2013 - Corporate Summary | ABM | https://www.nasdaq.com/articles/company-news-for-september-05-2013-corporate-summary-2013-09-05 | nan | nan | • Dollar General Corp. (NYSE: DG ) posted second quarter earnings per share of $0.77, ahead of the Zacks Consensus Estimate of $0.74
• G-III Apparel Group, Ltd. (NASDAQ: GIII ) reported second quarter earnings per share of $0.17, wider than the Zacks Consensus Estimate of $0.11
• Navistar International Corp (NYSE: NAV ) posted third quarter loss per share of $2.80, considerably higher than the Zacks Consensus Estimate of a loss of $1.39 a share
• ABM Industries, Inc. (NYSE: ABM ) reported third quarter earnings per share of $0.41, beating the Zacks Consensus Estimate of $0.39
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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. | • Dollar General Corp. (NYSE: DG ) posted second quarter earnings per share of $0.77, ahead of the Zacks Consensus Estimate of $0.74 • G-III Apparel Group, Ltd. (NASDAQ: GIII ) reported second quarter earnings per share of $0.17, wider than the Zacks Consensus Estimate of $0.11 • Navistar International Corp (NYSE: NAV ) posted third quarter loss per share of $2.80, considerably higher than the Zacks Consensus Estimate of a loss of $1.39 a share • ABM Industries, Inc. (NYSE: ABM ) reported third quarter earnings per share of $0.41, beating the Zacks Consensus Estimate of $0.39 ABM INDUSTRIES (ABM): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report NAVISTAR INTL (NAV): 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. | • Dollar General Corp. (NYSE: DG ) posted second quarter earnings per share of $0.77, ahead of the Zacks Consensus Estimate of $0.74 • G-III Apparel Group, Ltd. (NASDAQ: GIII ) reported second quarter earnings per share of $0.17, wider than the Zacks Consensus Estimate of $0.11 • Navistar International Corp (NYSE: NAV ) posted third quarter loss per share of $2.80, considerably higher than the Zacks Consensus Estimate of a loss of $1.39 a share • ABM Industries, Inc. (NYSE: ABM ) reported third quarter earnings per share of $0.41, beating the Zacks Consensus Estimate of $0.39 ABM INDUSTRIES (ABM): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report NAVISTAR INTL (NAV): 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. | • Dollar General Corp. (NYSE: DG ) posted second quarter earnings per share of $0.77, ahead of the Zacks Consensus Estimate of $0.74 • G-III Apparel Group, Ltd. (NASDAQ: GIII ) reported second quarter earnings per share of $0.17, wider than the Zacks Consensus Estimate of $0.11 • Navistar International Corp (NYSE: NAV ) posted third quarter loss per share of $2.80, considerably higher than the Zacks Consensus Estimate of a loss of $1.39 a share • ABM Industries, Inc. (NYSE: ABM ) reported third quarter earnings per share of $0.41, beating the Zacks Consensus Estimate of $0.39 ABM INDUSTRIES (ABM): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report NAVISTAR INTL (NAV): 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. | • Dollar General Corp. (NYSE: DG ) posted second quarter earnings per share of $0.77, ahead of the Zacks Consensus Estimate of $0.74 • G-III Apparel Group, Ltd. (NASDAQ: GIII ) reported second quarter earnings per share of $0.17, wider than the Zacks Consensus Estimate of $0.11 • Navistar International Corp (NYSE: NAV ) posted third quarter loss per share of $2.80, considerably higher than the Zacks Consensus Estimate of a loss of $1.39 a share • ABM Industries, Inc. (NYSE: ABM ) reported third quarter earnings per share of $0.41, beating the Zacks Consensus Estimate of $0.39 ABM INDUSTRIES (ABM): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report G-III APPAREL (GIII): Free Stock Analysis Report NAVISTAR INTL (NAV): 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. |
29671.0 | 2013-09-04 00:00:00 UTC | ABM Beats Q3 Earnings Estimates - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-beats-q3-earnings-estimates-analyst-blog-2013-09-04 | nan | nan | ABM Industries Incorporated ( ABM ) reported strong third quarter fiscal 2013 results (ended July 31, 2013) with net income of $16.1 million or 29 cents per share compared with $12.6 million or 23 cents per share in the year-earlier quarter. Excluding non-recurring items, adjusted earnings for the reported quarter improved to 41 cents per share from 37 cents in the year-ago quarter. The adjusted earnings beat the Zacks Consensus Estimate by 3 cents.
Total revenue increased 12.8% year over year to $1, 216.8 million in the quarter, primarily attributable to accretive acquisitions and organic growth from new sales and expansion of services with existing clients.
Segment Performance
Janitorial: Revenues from the segment increased 3.2% year over year in the quarter to $621.8 million, representing the largest quarterly organic sales improvement in 5 years, largely driven by new significant business wins. However, segment operating profit declined 1.3% to $34.4 million.
Facility Services: Organic revenues improved 6.3% year over year to $152.8 million, while operating profit increased 21.5% to $7.0 million.
Parking: Revenues from the segment declined 0.6% year over year to $154.0 million during the quarter, although operating profit expanded 4.3% to $8.1 million.
Security: The segment reported revenues of $96.2 million compared with $91.6 million in the year-ago quarter, representing a 5.0% year-over-year increase. Operating profit increased 36.7% to $4.0 million.
Building & Energy Solutions: Revenues from the segment increased 21.6% to $104.9 million, owing to accretive acquisitions and new commercial service and maintenance contracts like bundled energy solutions jobs. Operating profits climbed a stellar 82.5% to $6.7 million with stringent cost-cutting measures and benefits from investments in healthcare vertical and energy businesses.
Adjusted EBITDA improved 14.9% in the reported quarter to $57.2 million, driven by incremental contribution from the recent acquisitions and new businesses.
ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. The company expects to continue its bull run in the coming quarters as well with continued healthy margin improvements and seamless integration of acquired businesses. Management also reiterated that corporate restructuring initiatives were well on track to have a sustained long-term growth momentum.
Financial Position
Cash and cash equivalents at quarter-end were $38.7 million. Net cash from operations was $46.5 million for the reported quarter compared with $28.3 million in the prior-year period. This enabled the company to reduce its outstanding debt under its credit facility by $36 million to $348 million.
Outlook
Banking on the strong quarterly results, ABM Industries narrowed its guidance for fiscal 2013 and now anticipates income from continuing operations to be in the range of $1.26 to $1.31 per share compared with earlier projections of $1.21 to $1.31 a share. Adjusted income is expected to be in the range of $1.45 to $1.50 per share compared with previous expectations of $1.40 to $1.50.
ABM Industries' 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 of these companies and organic growth across the industry verticals.
ABM Industries presently has a Zacks Rank #3 (Hold). Other players in the industry that warrant a look include AMN Healthcare Services Inc. ( AHS ), CTPartners Executive Search Inc. ( CTP ) and Insperity, Inc. ( NSP ), each carrying 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 Industries Incorporated ( ABM ) reported strong third quarter fiscal 2013 results (ended July 31, 2013) with net income of $16.1 million or 29 cents per share compared with $12.6 million or 23 cents per share in the year-earlier quarter. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. Outlook Banking on the strong quarterly results, ABM Industries narrowed its guidance for fiscal 2013 and now anticipates income from continuing operations to be in the range of $1.26 to $1.31 per share compared with earlier projections of $1.21 to $1.31 a share. | ABM Industries Incorporated ( ABM ) reported strong third quarter fiscal 2013 results (ended July 31, 2013) with net income of $16.1 million or 29 cents per share compared with $12.6 million or 23 cents per share in the year-earlier quarter. ABM INDUSTRIES (ABM): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report CTPARTNERS EXEC (CTP): Free Stock Analysis Report INSPERITY INC (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. | ABM Industries Incorporated ( ABM ) reported strong third quarter fiscal 2013 results (ended July 31, 2013) with net income of $16.1 million or 29 cents per share compared with $12.6 million or 23 cents per share in the year-earlier quarter. ABM INDUSTRIES (ABM): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report CTPARTNERS EXEC (CTP): Free Stock Analysis Report INSPERITY INC (NSP): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. | ABM Industries Incorporated ( ABM ) reported strong third quarter fiscal 2013 results (ended July 31, 2013) with net income of $16.1 million or 29 cents per share compared with $12.6 million or 23 cents per share in the year-earlier quarter. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. Outlook Banking on the strong quarterly results, ABM Industries narrowed its guidance for fiscal 2013 and now anticipates income from continuing operations to be in the range of $1.26 to $1.31 per share compared with earlier projections of $1.21 to $1.31 a share. |
29672.0 | 2013-09-03 00:00:00 UTC | Trade the Earnings: ABM Industries Inc. | ABM | https://www.nasdaq.com/articles/trade-earnings-abm-industries-inc-2013-09-03 | nan | nan | Earnings Release Date: 09/03/2013
Time: After-hours
Avg. Extended-Hours Dollar Volume: $18,512,987
Earnings Sensitivity (up or down): 2.4%
ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report after the close today. Given its history, traders can expect very active trading in the upcoming After-hours session immediately following the company's release of its quarterly earnings. An analysis of historical premarket and after-hours trading activity and liquidity conditions in ABM following an earnings release indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement in the following regular session.
Analysts at MidnightTrader have tracked how ABM's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session. The result of that study is below.
Over the last year, when shares of ABM rose in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day.
Over the last year, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day.
Our analysis of over a decade of company specific earnings related news and price data on over 5,000 US companies demonstrates that earnings event related trading opportunities can exist for those trading in the after-hours and premarket sessions. Certain stocks demonstrate a historical tendency to either underprice or overreact to earnings news in the extended-hours (the time when companies typically release earnings) relative to the following regular session close.
This report was created using historical data and analysis provided by the Midnight Trader Pro service at MidnightTrader.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Analysts at MidnightTrader have tracked how ABM's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session. Over the last year, when shares of ABM rose in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day. Over the last year, when shares of ABM dropped in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day. | Over the last year, when shares of ABM rose in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day. Extended-Hours Dollar Volume: $18,512,987 Earnings Sensitivity (up or down): 2.4% ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report after the close today. An analysis of historical premarket and after-hours trading activity and liquidity conditions in ABM following an earnings release indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement in the following regular session. | An analysis of historical premarket and after-hours trading activity and liquidity conditions in ABM following an earnings release indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement in the following regular session. Extended-Hours Dollar Volume: $18,512,987 Earnings Sensitivity (up or down): 2.4% ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report after the close today. Analysts at MidnightTrader have tracked how ABM's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session. | Extended-Hours Dollar Volume: $18,512,987 Earnings Sensitivity (up or down): 2.4% ABM Industries Inc. ( ABM ) is due to issue its quarterly earnings report after the close today. An analysis of historical premarket and after-hours trading activity and liquidity conditions in ABM following an earnings release indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement in the following regular session. Analysts at MidnightTrader have tracked how ABM's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session. |
29673.0 | 2013-08-30 00:00:00 UTC | Concerns Over Syria Drive Volatility | ABM | https://www.nasdaq.com/articles/concerns-over-syria-drive-volatility-2013-08-30 | nan | nan | Markets saw volatility today as Secretary of State John Kerry turned up the rhetorical heat on Syria.
In a midday speech, Secretary Kerry made a case for some type of action against the Assad regime for its use of chemical weapons, sending a shiver down the S&P 500's (INDEXSP:.INX) spine and pushing oil higher.
However, markets stabilized after an assurance that any action would be limited and not comparable to Iraq and Afghanistan.
At day's end, the S&P finished down 0.3% at 1632.97.
We received a decent amount of economic data today, much of it disappointing.
July Personal Income and Personal Spending each came in at a lower-than-expected +0.1%. The Chicago PMI was in line with expectations at 53.0, while the Milwaukee ISM came in at 48.21, well below Wall Street's forecasts.
On the positive side, the final August University of Michigan Sentiment number was reported at 82.1, beating the 80.5 consensus.
Instock news share of software makers Salesforce.com ( CRM ) and Splunk ( SPLK ) rose sharply after reporting strong earnings.
Tuesday's Financial Outlook
Note that markets will be closedon Monday in observance of Labor Day.
At10:00 a.m. ET , the August ISM Index will be reported. The consensus currently stands at 54.0.
July Construction Spending will also be delivered, with current forecasts calling for 0.3% growth.
The earnings calendar is pretty thin, with ABM Industries ( ABM ) being the only notable name reportingon Tuesday .
Twitter: @Minyanville
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 earnings calendar is pretty thin, with ABM Industries ( ABM ) being the only notable name reportingon Tuesday . Markets saw volatility today as Secretary of State John Kerry turned up the rhetorical heat on Syria. In a midday speech, Secretary Kerry made a case for some type of action against the Assad regime for its use of chemical weapons, sending a shiver down the S&P 500's (INDEXSP:.INX) spine and pushing oil higher. | The earnings calendar is pretty thin, with ABM Industries ( ABM ) being the only notable name reportingon Tuesday . July Personal Income and Personal Spending each came in at a lower-than-expected +0.1%. Twitter: @Minyanville The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The earnings calendar is pretty thin, with ABM Industries ( ABM ) being the only notable name reportingon Tuesday . In a midday speech, Secretary Kerry made a case for some type of action against the Assad regime for its use of chemical weapons, sending a shiver down the S&P 500's (INDEXSP:.INX) spine and pushing oil higher. On the positive side, the final August University of Michigan Sentiment number was reported at 82.1, beating the 80.5 consensus. | The earnings calendar is pretty thin, with ABM Industries ( ABM ) being the only notable name reportingon Tuesday . Markets saw volatility today as Secretary of State John Kerry turned up the rhetorical heat on Syria. On the positive side, the final August University of Michigan Sentiment number was reported at 82.1, beating the 80.5 consensus. |
29674.0 | 2013-08-16 00:00:00 UTC | Key Personnel Changes in WPP's Ogilvy - Analyst Blog | ABM | https://www.nasdaq.com/articles/key-personnel-changes-in-wpps-ogilvy-analyst-blog-2013-08-16 | nan | nan | Ogilvy CommonHealth Worldwide, a subsidiary of WPP plc. ( WPPGY ), recently promoted four of its employees in their New York and New Jersey offices.
After a year's stint with Ogilvy CommonHealth, Mindy Price has been promoted from group planning director to the head of planning at Ogilvy's office in New York. Price will pilot insights-gathering initiatives to facilitate clients to better understand their target audience. She will also be responsible for building creative strategies and working closely with the team to translate insights into brand storytelling.
Along with Price, Brian Drown, Kathryn Del Re and Jennifer Cohen have been upgraded in their positions. Drown has been promoted from account executive for the group to a senior account executive at Ogilvy CommonHealth Medical Marketing. The new role will entail Drown to manage and deliver new individual client project assignments and act as a link between the creative team and clients. Drown has served the company for five years.
Ogilvy CommonHeath Medical Marketing has promoted Del Re from account coordinator to assistant account executive. Del Re will primarily be responsible for client relations, overseeing medical and regulatory submissions, managing project timelines and budgets as well as conducting competitive audits and analyses.
Cohen, on the other hand, has been promoted as the copywriter from assistant copywriter in Ogilvy CommonHealth's creative department. Cohen will now create content for professional and consumer-facing digital and print tactics.
Ogilvy CommonHealth Worldwide provides marketing services such as brand identity and development, clinical trial recruitment, digital/interactive services, direct-to-consumer, direct-to-patient, global integration, managed care marketing, market research and analytics as well as media planning and buying in healthcare communications.
WPP, the parent company of Ogilvy, offers a host of advertising and marketing services including advertising and media investment management; consumer insight; public relations and public affairs; direct and digital promotion as well as relationship marketing. The primary focus of the company is to grow its revenues and gross margin at a faster rate than the industry average. Going forward, WPP expects to achieve a leading position in new markets, new media, and consumer insight.
WPP currently carries a Zacks Rank #3 (Hold). Some other stocks worth considering include MDC Partners Inc. ( MDCA ), Publicis Groupe SA ( PUBGY ) and ABM Industries Incorporated ( ABM ), 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. | Some other stocks worth considering include MDC Partners Inc. ( MDCA ), Publicis Groupe SA ( PUBGY ) and ABM Industries Incorporated ( ABM ), each carrying a Zacks Rank #2 (Buy), ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report WPP PLC (WPPGY): Free Stock Analysis Report To read this article on Zacks.com click here. She will also be responsible for building creative strategies and working closely with the team to translate insights into brand storytelling. Del Re will primarily be responsible for client relations, overseeing medical and regulatory submissions, managing project timelines and budgets as well as conducting competitive audits and analyses. | Some other stocks worth considering include MDC Partners Inc. ( MDCA ), Publicis Groupe SA ( PUBGY ) and ABM Industries Incorporated ( ABM ), each carrying a Zacks Rank #2 (Buy), ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report WPP PLC (WPPGY): Free Stock Analysis Report To read this article on Zacks.com click here. Drown has been promoted from account executive for the group to a senior account executive at Ogilvy CommonHealth Medical Marketing. WPP, the parent company of Ogilvy, offers a host of advertising and marketing services including advertising and media investment management; consumer insight; public relations and public affairs; direct and digital promotion as well as relationship marketing. | Some other stocks worth considering include MDC Partners Inc. ( MDCA ), Publicis Groupe SA ( PUBGY ) and ABM Industries Incorporated ( ABM ), each carrying a Zacks Rank #2 (Buy), ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report WPP PLC (WPPGY): Free Stock Analysis Report To read this article on Zacks.com click here. Ogilvy CommonHealth Worldwide provides marketing services such as brand identity and development, clinical trial recruitment, digital/interactive services, direct-to-consumer, direct-to-patient, global integration, managed care marketing, market research and analytics as well as media planning and buying in healthcare communications. WPP, the parent company of Ogilvy, offers a host of advertising and marketing services including advertising and media investment management; consumer insight; public relations and public affairs; direct and digital promotion as well as relationship marketing. | Some other stocks worth considering include MDC Partners Inc. ( MDCA ), Publicis Groupe SA ( PUBGY ) and ABM Industries Incorporated ( ABM ), each carrying a Zacks Rank #2 (Buy), ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report WPP PLC (WPPGY): Free Stock Analysis Report To read this article on Zacks.com click here. After a year's stint with Ogilvy CommonHealth, Mindy Price has been promoted from group planning director to the head of planning at Ogilvy's office in New York. The new role will entail Drown to manage and deliver new individual client project assignments and act as a link between the creative team and clients. |
29675.0 | 2013-08-14 00:00:00 UTC | Millennial Media to Acquire Jumptap - Analyst Blog | ABM | https://www.nasdaq.com/articles/millennial-media-to-acquire-jumptap-analyst-blog-2013-08-14 | nan | nan | Redefining the market dynamics, mobile advertising and data provider Millennial Media Inc. ( MM ) inked a definitive agreement to acquire privately-held mobile advertising platform Jumptap, Inc. The transaction is likely to form a behemoth in its category with complementary product offerings, operating synergies and technological collaboration to serve a wide spectrum of customers across the globe.
The Acquiree
Headquartered in Boston, Jumptap is a premier mobile advertising platform reaching over 218 million mobile users in the U.S. and over 439 mobile users globally. It boasts more than 124 million unique and data-rich profiles, of which about 44 million can be reached across both mobile and online platforms.
According to market research firm International Data Corporation, Jumptap was the second-largest advertising platform in the U.S. with 10.7% market share in 2012 behind Millennia Media at 18%. Jumptap is an industry pioneer in forging strategic partnerships with over 20 third-party data providers that has enabled it to focus on audience-centric advertising program through its 76,000 mobile sites and apps. In addition, to ensure a holistic coverage of the mobile advertising market, it has issued 55 patents and another 50 patents are awaiting approval.
The Deal
In concurrence with the agreement, Jumptap shareholders will receive approximately 24.6 million shares of Millennial Media, which is equivalent to approximately 22.5% pro forma ownership post transaction. The deal is expected to close by Oct this year, subject to customary closing conditions, including approval by Millennial Media's stockholders.
In addition to the stock component, the deal also has a minor cash component aggregating a maximum of $12 million (based on Millennial Media's closing share price on Aug 9, 2013). The exact stock and cash composition will be determined at the closing of the transaction based upon Millennial Media's share price at that time.
The Key Takeaways
The combined entity has a complimentary product portfolio that is likely to result in economies of scale in the fast-growing mobile ad market. Jumptap has a strategic presence in the Real-time bidding (RTB) segment with over 2 billion impressions per day to deliver app and other performance campaigns. RTB is a method of selling and buying online display advertising in real time one ad impression at a time. In addition, Jumptap brings on board a focused presence in performance advertising with healthy cross-screen solutions, intellectual-property portfolio and strong business partnerships providing third-party data that complements Millennial Media's first-party data assets.
Millennial Media has over 450 million unique user profiles, which are utilized by advertisers to target specific ad campaigns. By integrating Jumptap's third-party data with its indigenous data sources, the combined company will have relatively enriched data asset to drive better results for both brand and performance advertisers. With its tie-up with 24/7 Real Media, Jumptap also has cross-screen advertising solutions that facilitates advertisers to run ads across mobile devices and PCs. This gives Millennial Media a fair pie of TV ad market and extends its customer reach across the international arena.
Jumptap's patented assets further improve the intellectual property portfolio of the merged entity. These patents encompass broad aspects of the delivery and targeting of mobile advertising and put the combined company in an elite class. In addition, Jumptap also augment the human capital of the new company with senior-leadership team and skilled technicians of app developers and programmers.
Stakeholder Benefits
For mobile advertisers and agencies , the combined company will provide arguably the largest and comprehensive audience solutions with unrivalled brand and performance capabilities. The merged company will deliver market-leading data, video, rich-media, cross-screen, programmatic bidding/buying and measurement solutions for an informative decision-making exercise with better analytics, relevancy and performance-driven resources.
For mobile developers and publishers , the new entity will offer easier access to a larger pool of managed, self-service and programmatic tools to monetize inventory more efficiently and effectively.
Moving Forward
Millennial Media had earlier set four priorities for growth initiatives this year, which included an easier method to buy and transact on its platform, expanding proprietary data assets, delivering effective advertising across different mobile devices and global expansion. The Jumptap acquisition is an effort on this endeavor. Jumptap is a strategic fit to Millennial Media and post-integration, the company expects incremental revenues on an immediate basis.
Since its inception in 2006, Millennial Media has created a niche market through innovation and a diligent focus on mobile advertising platforms. The business model of the company hinges upon sophisticated data and technology, solid partnerships with global media and application developers across all operating systems, and healthy relationships with leading global brands. We remain encouraged with the industry consolidation and expect Millennial Media to reap huge benefits from the acquisition.
Millennial Media has a Zacks Rank #3 (Hold). Other notable companies in the industry that warrant a look include MDC Partners Inc. ( MDCA ), ABM Industries Incorporated ( ABM ) and Publicis Groupe SA ( PUBGY ), 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. | Other notable companies in the industry that warrant a look include MDC Partners Inc. ( MDCA ), ABM Industries Incorporated ( ABM ) and Publicis Groupe SA ( PUBGY ), each carrying a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report MILLENNIAL MEDA (MM): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. Jumptap is an industry pioneer in forging strategic partnerships with over 20 third-party data providers that has enabled it to focus on audience-centric advertising program through its 76,000 mobile sites and apps. | ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report MILLENNIAL MEDA (MM): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. Other notable companies in the industry that warrant a look include MDC Partners Inc. ( MDCA ), ABM Industries Incorporated ( ABM ) and Publicis Groupe SA ( PUBGY ), each carrying a Zacks Rank #2 (Buy). In addition, Jumptap brings on board a focused presence in performance advertising with healthy cross-screen solutions, intellectual-property portfolio and strong business partnerships providing third-party data that complements Millennial Media's first-party data assets. | Other notable companies in the industry that warrant a look include MDC Partners Inc. ( MDCA ), ABM Industries Incorporated ( ABM ) and Publicis Groupe SA ( PUBGY ), each carrying a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report MILLENNIAL MEDA (MM): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. Redefining the market dynamics, mobile advertising and data provider Millennial Media Inc. ( MM ) inked a definitive agreement to acquire privately-held mobile advertising platform Jumptap, Inc. | Other notable companies in the industry that warrant a look include MDC Partners Inc. ( MDCA ), ABM Industries Incorporated ( ABM ) and Publicis Groupe SA ( PUBGY ), each carrying a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report MILLENNIAL MEDA (MM): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. In addition, Jumptap brings on board a focused presence in performance advertising with healthy cross-screen solutions, intellectual-property portfolio and strong business partnerships providing third-party data that complements Millennial Media's first-party data assets. |
29676.0 | 2013-08-12 00:00:00 UTC | Lamar Beats Q2 Earnings by a Whisker - Analyst Blog | ABM | https://www.nasdaq.com/articles/lamar-beats-q2-earnings-by-a-whisker-analyst-blog-2013-08-12 | nan | nan | Lamar Advertising Co. ( LAMR ) reported strong second quarter 2013 results with net income of $21.3 million or 22 cents per share compared with $13.9 million or 15 cents per share in the year-earlier quarter. The healthy year-over-year increase in earnings is primarily attributable to a decent top-line improvement. The reported earnings marginally beat the Zacks Consensus Estimate by a penny.
Net revenue for the reported quarter increased 6.5% year over year to $324.7 million. Operating income improved to $70.3 million from $64.5 million in the year-ago quarter despite a significant year-over-year increase in operating expenses from $240.4 million to $254.4 million in the reported quarter.
Adjusted EBITDA for second quarter 2013 was $148.4 million versus $138.2 million in the year-ago quarter.
At quarter-end, Lamar Advertising had 1785 digital advertisements in the air, of which 992 were bulletins and 793 were posters. During the quarter, the company added 42 digital advertisements that included 20 posters and 22 bulletins, and expects to bring the tally for new additions to about 130 to 140 by the end of 2013.
Lamar Advertising had a liquidity of $361.9 million, of which $243.0 million was available under its revolving senior credit facility and $118.9 million in cash and cash equivalents. Total debt, including current maturities, was relatively stable at $2.1 billion.
Free cash flow in the reported quarter was $86.7 million compared with $73.7 million in the year-ago quarter.
For the third quarter of 2013, management expects net revenue within the range of $320 million to $323 million.
Lamar Advertising has a Zacks Rank #3 (Hold). Other players in the industry worth mentioning include MDC Partners Inc. ( MDCA ), Publicis Groupe SA ( PUBGY ) and ABM Industries Incorporated ( ABM ), 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. | Other players in the industry worth mentioning include MDC Partners Inc. ( MDCA ), Publicis Groupe SA ( PUBGY ) and ABM Industries Incorporated ( ABM ), each carrying a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report LAMAR ADVER CO (LAMR): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. The healthy year-over-year increase in earnings is primarily attributable to a decent top-line improvement. | ABM INDUSTRIES (ABM): Free Stock Analysis Report LAMAR ADVER CO (LAMR): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. Other players in the industry worth mentioning include MDC Partners Inc. ( MDCA ), Publicis Groupe SA ( PUBGY ) and ABM Industries Incorporated ( ABM ), each carrying a Zacks Rank #2 (Buy). Lamar Advertising Co. ( LAMR ) reported strong second quarter 2013 results with net income of $21.3 million or 22 cents per share compared with $13.9 million or 15 cents per share in the year-earlier quarter. | ABM INDUSTRIES (ABM): Free Stock Analysis Report LAMAR ADVER CO (LAMR): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. Other players in the industry worth mentioning include MDC Partners Inc. ( MDCA ), Publicis Groupe SA ( PUBGY ) and ABM Industries Incorporated ( ABM ), each carrying a Zacks Rank #2 (Buy). Lamar Advertising Co. ( LAMR ) reported strong second quarter 2013 results with net income of $21.3 million or 22 cents per share compared with $13.9 million or 15 cents per share in the year-earlier quarter. | Other players in the industry worth mentioning include MDC Partners Inc. ( MDCA ), Publicis Groupe SA ( PUBGY ) and ABM Industries Incorporated ( ABM ), each carrying a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report LAMAR ADVER CO (LAMR): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. Operating income improved to $70.3 million from $64.5 million in the year-ago quarter despite a significant year-over-year increase in operating expenses from $240.4 million to $254.4 million in the reported quarter. |
29677.0 | 2013-08-08 00:00:00 UTC | ABM to Offer Service Support to the Navy - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-to-offer-service-support-to-the-navy-analyst-blog-2013-08-08 | nan | nan | ABM Government Services, an operating unit of ABM Industries Incorporated ( ABM ), and The Derichebourg Group's Derichebourg Multi-Services have recently secured a contract from the U.S. Navy to provide service support at Signaller, Italy air station and other support sites in Sicily.
Under this joint venture, ABM Industries and Derichebourg will provide support services such as labor, supervision, management, tools, materials, equipment, facilities, transportation, incidental engineering and other services necessary to provide base operations. This joint venture will meet the day-to-day requirements of the U.S Navy in a professional and effective manner and will employ 75 people to serve the purpose.
The contract win amid stiff competition signifies the inherent service quality of ABM Industries. The company provides various mission critical services to address challenges of military and other government agencies, providing them with adequate mission support services.
ABM Industries has a healthy contract pipeline and is particularly strong in government business. In the last reported quarter, revenues increased 11.0% year over year to $1.17 billion largely driven by organic growth.
Headquartered in San Francisco, Calif., ABM Industries 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.
ABM Industries currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth considering now in the industry include US Ecology, Inc ( ECOL ), carrying a Zacks Rank #1 (Strong Buy), and Publicis Groupe SA ( PUBGY ) and MDC Partners Inc ( MDCA ), 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. | The contract win amid stiff competition signifies the inherent service quality of ABM Industries. ABM Government Services, an operating unit of ABM Industries Incorporated ( ABM ), and The Derichebourg Group's Derichebourg Multi-Services have recently secured a contract from the U.S. Navy to provide service support at Signaller, Italy air station and other support sites in Sicily. Under this joint venture, ABM Industries and Derichebourg will provide support services such as labor, supervision, management, tools, materials, equipment, facilities, transportation, incidental engineering and other services necessary to provide base operations. | ABM Government Services, an operating unit of ABM Industries Incorporated ( ABM ), and The Derichebourg Group's Derichebourg Multi-Services have recently secured a contract from the U.S. Navy to provide service support at Signaller, Italy air station and other support sites in Sicily. ABM INDUSTRIES (ABM): Free Stock Analysis Report US ECOLOGY INC (ECOL): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. Under this joint venture, ABM Industries and Derichebourg will provide support services such as labor, supervision, management, tools, materials, equipment, facilities, transportation, incidental engineering and other services necessary to provide base operations. | ABM Government Services, an operating unit of ABM Industries Incorporated ( ABM ), and The Derichebourg Group's Derichebourg Multi-Services have recently secured a contract from the U.S. Navy to provide service support at Signaller, Italy air station and other support sites in Sicily. Under this joint venture, ABM Industries and Derichebourg will provide support services such as labor, supervision, management, tools, materials, equipment, facilities, transportation, incidental engineering and other services necessary to provide base operations. ABM INDUSTRIES (ABM): Free Stock Analysis Report US ECOLOGY INC (ECOL): Free Stock Analysis Report MDC PTNRS INC (MDCA): Free Stock Analysis Report PUBLICIS GP-ADR (PUBGY): Get Free Report To read this article on Zacks.com click here. | ABM Government Services, an operating unit of ABM Industries Incorporated ( ABM ), and The Derichebourg Group's Derichebourg Multi-Services have recently secured a contract from the U.S. Navy to provide service support at Signaller, Italy air station and other support sites in Sicily. Under this joint venture, ABM Industries and Derichebourg will provide support services such as labor, supervision, management, tools, materials, equipment, facilities, transportation, incidental engineering and other services necessary to provide base operations. The contract win amid stiff competition signifies the inherent service quality of ABM Industries. |
29678.0 | 2013-07-02 00:00:00 UTC | Rollins Repurchases Shares in 2Q13 - Analyst Blog | ABM | https://www.nasdaq.com/articles/rollins-repurchases-shares-in-2q13-analyst-blog-2013-07-02 | nan | nan | Consumer and commercial services company Rollins, Inc. ( ROL ) recently announced that it has repurchased 172,589 shares in the second quarter of 2013. The shares, which have a face value of $1, are bought from the open market at a weighted average price of $24.41 each. Share prices of Rollins closed firmly up 3.51% at $26.81 on Jul 1, 2013.
Rollins has actively pursued a share buyback program over the years. However, this share repurchase is the first such program since the Board of Directors approved 5.0 million additional stock purchases in Jul 2012. The recent share repurchase brings the total outstanding share count to 5,125, 594.
Apart from share repurchases, Rollins also returns significant cash to shareholders by paying regular quarterly dividends. During the first quarter, ended Mar 31, 2013, the company paid $13.1 million or 9 cents per share in cash dividends. Moreover, the company has made steady dividend hikes since 2000. Additionally, Rollins declared a special dividend of 12 cents per share at fiscal year end 2012.
Rollins operates through its wholly-owned subsidiaries such as Orkin Canada, HomeTeam Pest Defense, Western Pest Services and The Industrial Fumigant Company, to provide pest control services across the country.
Rollins currently carries a Zacks Rank #2 (Buy). Other well-positioned stocks in the Business Services sector worth considering include ABM Industries Incorporated ( ABM ), Green Dot Corporation ( GDOT ) and TeleTech Holdings Inc . ( TTEC ). While ABM Industries holds a Zacks Rank #1 (Buy), both Green Dot and TeleTech 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. | Other well-positioned stocks in the Business Services sector worth considering include ABM Industries Incorporated ( ABM ), Green Dot Corporation ( GDOT ) and TeleTech Holdings Inc . While ABM Industries holds a Zacks Rank #1 (Buy), both Green Dot and TeleTech carry a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report GREEN DOT CP-A (GDOT): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TELETECH HLDGS (TTEC): Free Stock Analysis Report To read this article on Zacks.com click here. | Other well-positioned stocks in the Business Services sector worth considering include ABM Industries Incorporated ( ABM ), Green Dot Corporation ( GDOT ) and TeleTech Holdings Inc . While ABM Industries holds a Zacks Rank #1 (Buy), both Green Dot and TeleTech carry a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report GREEN DOT CP-A (GDOT): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TELETECH HLDGS (TTEC): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM INDUSTRIES (ABM): Free Stock Analysis Report GREEN DOT CP-A (GDOT): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TELETECH HLDGS (TTEC): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-positioned stocks in the Business Services sector worth considering include ABM Industries Incorporated ( ABM ), Green Dot Corporation ( GDOT ) and TeleTech Holdings Inc . While ABM Industries holds a Zacks Rank #1 (Buy), both Green Dot and TeleTech carry a Zacks Rank #2 (Buy). | While ABM Industries holds a Zacks Rank #1 (Buy), both Green Dot and TeleTech carry a Zacks Rank #2 (Buy). Other well-positioned stocks in the Business Services sector worth considering include ABM Industries Incorporated ( ABM ), Green Dot Corporation ( GDOT ) and TeleTech Holdings Inc . ABM INDUSTRIES (ABM): Free Stock Analysis Report GREEN DOT CP-A (GDOT): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TELETECH HLDGS (TTEC): Free Stock Analysis Report To read this article on Zacks.com click here. |
29679.0 | 2013-07-01 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for July 02, 2013 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-july-02-2013-2013-07-01 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 02, 2013. A cash dividend payment of $0.15 per share is scheduled to be paid on August 05, 2013. Shareholders who purchased ABM stock 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 $24.51, the dividend yield is 2.45%.
The previous trading day's last sale of ABM was $24.51, representing a -7.09% decrease from the 52 week high of $26.38 and a 37.31% increase over the 52 week low of $17.85.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and ADT Corporation ( ADT ). ABM's current earnings per share, an indicator of a company's profitability, is $1.32. Zacks Investment Research reports ABM's forecasted earnings growth in 2013 as 4.5%, compared to an industry average of 7.3%.
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.
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 stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABM's forecasted earnings growth in 2013 as 4.5%, compared to an industry average of 7.3%. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | ABM's current earnings per share, an indicator of a company's profitability, is $1.32. 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 02, 2013. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 02, 2013. Shareholders who purchased ABM stock 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 stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABM was $24.51, representing a -7.09% decrease from the 52 week high of $26.38 and a 37.31% increase over the 52 week low of $17.85. ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on July 02, 2013. |
29680.0 | 2013-06-25 00:00:00 UTC | Zacks #1 Rank Additions for Tuesday - Tale of the Tape | ABM | https://www.nasdaq.com/articles/zacks-1-rank-additions-for-tuesday-tale-of-the-tape-2013-06-25 | nan | nan | Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
ABM Industries, Inc. ( ABM )
CBOE Holdings ( CBOE )
CECO Environmental Corp ( CECE )
Extra Space Storage ( EXR )
Integrys Energy Group ( TEG )
View the entire Zacks #1 Rank List .
ABM INDUSTRIES (ABM): Free Stock Analysis Report
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INTEGRYS ENERGY (TEG): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: ABM Industries, Inc. ( ABM ) CBOE Holdings ( CBOE ) CECO Environmental Corp ( CECE ) Extra Space Storage ( EXR ) Integrys Energy Group ( TEG ) View the entire Zacks #1 Rank List . ABM INDUSTRIES (ABM): Free Stock Analysis Report CBOE HOLDINGS (CBOE): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report INTEGRYS ENERGY (TEG): 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. | Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: ABM Industries, Inc. ( ABM ) CBOE Holdings ( CBOE ) CECO Environmental Corp ( CECE ) Extra Space Storage ( EXR ) Integrys Energy Group ( TEG ) View the entire Zacks #1 Rank List . ABM INDUSTRIES (ABM): Free Stock Analysis Report CBOE HOLDINGS (CBOE): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report INTEGRYS ENERGY (TEG): 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. | Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: ABM Industries, Inc. ( ABM ) CBOE Holdings ( CBOE ) CECO Environmental Corp ( CECE ) Extra Space Storage ( EXR ) Integrys Energy Group ( TEG ) View the entire Zacks #1 Rank List . ABM INDUSTRIES (ABM): Free Stock Analysis Report CBOE HOLDINGS (CBOE): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report INTEGRYS ENERGY (TEG): 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. | Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: ABM Industries, Inc. ( ABM ) CBOE Holdings ( CBOE ) CECO Environmental Corp ( CECE ) Extra Space Storage ( EXR ) Integrys Energy Group ( TEG ) View the entire Zacks #1 Rank List . ABM INDUSTRIES (ABM): Free Stock Analysis Report CBOE HOLDINGS (CBOE): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report EXTRA SPACE STG (EXR): Free Stock Analysis Report INTEGRYS ENERGY (TEG): 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. |
29681.0 | 2013-06-25 00:00:00 UTC | Team Inc. Aligns Business Segments - Analyst Blog | ABM | https://www.nasdaq.com/articles/team-inc.-aligns-business-segments-analyst-blog-2013-06-25 | nan | nan | Specialty industrial services provider, Team, Inc. ( TISI ), recently announced that it has structured its businesses into three different business groups to drive long-term operational growth and expand its business volume. The new business segments will be operational from Jul 1, 2013.
Team Inc. has restructured its business group from the erstwhile single Industrial Services segment into three separate business groups, namely, Inspection and Heat Treating Services, Mechanical Services, and Quest Integrity Group. Each business segment will be headed by a Business Group President, who will report to Phil Hawk, Team Inc.'s Chairman and CEO.
Art Victorson, who was previously serving as Senior Vice President of the TCM division, will now serve as President of the Inspection and Heat Treating Services division. Additionally, Pete Wallace has been appointed as President of the Mechanical Services division. Moreover, Quest Integrity Group, which was formerly one of the subsidiaries of Team Inc., will be headed by Jeff Ott.
Team Inc. is expected to derive the benefits of specialization from the alignment of the business activities into different groups. The company believes that the new groups will efficiently utilize its resources to enhance execution, thereby offering more growth opportunities across the organization and providing customized service to clients. Moreover, the company believes that segregating the technical, commercial, manufacturing, and operations support desk for each business group will ultimately benefit the company to fully exploit future growth opportunities available in each business group.
Team Inc. had recently trimmed its earnings guidance for fourth quarter fiscal 2013 ending May 31, to 52 cents and 60 cents per share, from its earlier guidance of 69 cents to 84 cents. We believe that management's alignment of business activities might help boost the company's revenue and profits.
Team Inc. currently carries a Zacks Rank #5 (Sell). Better stocks within the business services sector worth mentioning are Barrett Business Services Inc . ( BBSI ), ABM Industries Incorporated ( ABM ) and RollinsInc . ( ROL ). While Barrett holds a Zacks Rank #1 (Strong Buy), ABM and Rollins each carries 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. | ( BBSI ), ABM Industries Incorporated ( ABM ) and RollinsInc . While Barrett holds a Zacks Rank #1 (Strong Buy), ABM and Rollins each carries a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report BARRETT BUS SVS (BBSI): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report To read this article on Zacks.com click here. | While Barrett holds a Zacks Rank #1 (Strong Buy), ABM and Rollins each carries a Zacks Rank #2 (Buy). ABM INDUSTRIES (ABM): Free Stock Analysis Report BARRETT BUS SVS (BBSI): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report To read this article on Zacks.com click here. ( BBSI ), ABM Industries Incorporated ( ABM ) and RollinsInc . | ABM INDUSTRIES (ABM): Free Stock Analysis Report BARRETT BUS SVS (BBSI): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report To read this article on Zacks.com click here. ( BBSI ), ABM Industries Incorporated ( ABM ) and RollinsInc . While Barrett holds a Zacks Rank #1 (Strong Buy), ABM and Rollins each carries a Zacks Rank #2 (Buy). | ABM INDUSTRIES (ABM): Free Stock Analysis Report BARRETT BUS SVS (BBSI): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report To read this article on Zacks.com click here. ( BBSI ), ABM Industries Incorporated ( ABM ) and RollinsInc . While Barrett holds a Zacks Rank #1 (Strong Buy), ABM and Rollins each carries a Zacks Rank #2 (Buy). |
29682.0 | 2013-06-21 00:00:00 UTC | ABM Releases Sustainability Report - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-releases-sustainability-report-analyst-blog-2013-06-21 | nan | nan | In compliance with the Global Reporting Initiative (GRI), ABM Industries Incorporated ( ABM ) recently released its report on Corporate Sustainability efforts for fiscal year 2012. The report contains detailed information about the company's practices related to Corporate Social Responsibilities (CSR) for both employees and clients.
The report divulged that as on Oct 2012, ABM served around 351 buildings, which are LEED (Leadership in Energy and Environmental Design) Certified green projects. Additionally, it highlights ABM's success in fulfilling its commitment to expand services in key markets by acquiring Air Serv, HHA Services and Calvert Jones.
The report also observes that ABM's Bundled Energy Solutions program managed to bring down its clients energy usage by 28.6%, thereby saving $3 million of client's energy costs. In the report, ABM also stressed that it is currently working under numerous projects to provide advanced energy-related solutions. ABM's contract with Wright State University (WSU) is expected to curtail the university's energy consumption by 40%, helping it save a whopping $35.8 million in energy costs over a 15-year period.
ABM's commitment as a responsible corporate entity is noteworthy. We appreciate the company's initiatives to engage in business activities that meet market demand, while ensuring a sustainable future for its stakeholders and the community as a whole. ABM's CSR leadership is expected to enhance the company's goodwill, thereby increasing the intrinsic value of its intangible assets.
The company is a leading player in building and maintaining services and provides solutions in engineering, lighting, commercial cleaning, energy solutions and parking and security to commercial, industrial and institutional customers.
ABM currently carries a Zacks Rank #2 (Buy). Other leading players in the business services sector such as Accenture plc ( ACN ), AMN Healthcare Services Inc . ( AHS ) and Barrett Business Services Inc . ( BBSI ) are worth considering. While Barrett carries a Zacks Rank #1 (Strong Buy), Accenture and AMN Healthcare each carry a Zacks Rank #2 (Buy).
ABM INDUSTRIES (ABM): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The report divulged that as on Oct 2012, ABM served around 351 buildings, which are LEED (Leadership in Energy and Environmental Design) Certified green projects. In compliance with the Global Reporting Initiative (GRI), ABM Industries Incorporated ( ABM ) recently released its report on Corporate Sustainability efforts for fiscal year 2012. Additionally, it highlights ABM's success in fulfilling its commitment to expand services in key markets by acquiring Air Serv, HHA Services and Calvert Jones. | ABM INDUSTRIES (ABM): Free Stock Analysis Report ACCENTURE PLC (ACN): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report BARRETT BUS SVS (BBSI): Free Stock Analysis Report To read this article on Zacks.com click here. In compliance with the Global Reporting Initiative (GRI), ABM Industries Incorporated ( ABM ) recently released its report on Corporate Sustainability efforts for fiscal year 2012. The report divulged that as on Oct 2012, ABM served around 351 buildings, which are LEED (Leadership in Energy and Environmental Design) Certified green projects. | In compliance with the Global Reporting Initiative (GRI), ABM Industries Incorporated ( ABM ) recently released its report on Corporate Sustainability efforts for fiscal year 2012. The report also observes that ABM's Bundled Energy Solutions program managed to bring down its clients energy usage by 28.6%, thereby saving $3 million of client's energy costs. ABM INDUSTRIES (ABM): Free Stock Analysis Report ACCENTURE PLC (ACN): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report BARRETT BUS SVS (BBSI): Free Stock Analysis Report To read this article on Zacks.com click here. | The report also observes that ABM's Bundled Energy Solutions program managed to bring down its clients energy usage by 28.6%, thereby saving $3 million of client's energy costs. In compliance with the Global Reporting Initiative (GRI), ABM Industries Incorporated ( ABM ) recently released its report on Corporate Sustainability efforts for fiscal year 2012. The report divulged that as on Oct 2012, ABM served around 351 buildings, which are LEED (Leadership in Energy and Environmental Design) Certified green projects. |
29683.0 | 2013-06-05 00:00:00 UTC | Company News for June 5, 2013 - Corporate Summary | ABM | https://www.nasdaq.com/articles/company-news-for-june-5-2013-corporate-summary-2013-06-05 | nan | nan | • G-III Apparel Group, Ltd. (NASDAQ: GIII ) posted first quarter earnings per share of $0.05, contrary to the Zacks Consensus Estimate of a loss of $0.04
• ABM Industries, Inc. (NYSE: ABM ) reported second quarter earnings per share of $0.36, ahead of the Zacks Consensus Estimate of $0.33
• American Woodmark Corporation (NASDAQ: AMWD ) posted fourth quarter earnings per share of $0.34, significantly higher than the Zacks Consensus Estimate of $0.17
• Dollar General Corp. (NYSE: DG ) reported first quarter earnings per share of $0.71, marginally below the Zacks Consensus Estimate of $0.72
ABM INDUSTRIES (ABM): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • G-III Apparel Group, Ltd. (NASDAQ: GIII ) posted first quarter earnings per share of $0.05, contrary to the Zacks Consensus Estimate of a loss of $0.04 • ABM Industries, Inc. (NYSE: ABM ) reported second quarter earnings per share of $0.36, ahead of the Zacks Consensus Estimate of $0.33 • American Woodmark Corporation (NASDAQ: AMWD ) posted fourth quarter earnings per share of $0.34, significantly higher than the Zacks Consensus Estimate of $0.17 • Dollar General Corp. (NYSE: DG ) reported first quarter earnings per share of $0.71, marginally below the Zacks Consensus Estimate of $0.72 ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER WOODMARK (AMWD): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report G-III APPAREL (GIII): 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. | • G-III Apparel Group, Ltd. (NASDAQ: GIII ) posted first quarter earnings per share of $0.05, contrary to the Zacks Consensus Estimate of a loss of $0.04 • ABM Industries, Inc. (NYSE: ABM ) reported second quarter earnings per share of $0.36, ahead of the Zacks Consensus Estimate of $0.33 • American Woodmark Corporation (NASDAQ: AMWD ) posted fourth quarter earnings per share of $0.34, significantly higher than the Zacks Consensus Estimate of $0.17 • Dollar General Corp. (NYSE: DG ) reported first quarter earnings per share of $0.71, marginally below the Zacks Consensus Estimate of $0.72 ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER WOODMARK (AMWD): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report G-III APPAREL (GIII): 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. | • G-III Apparel Group, Ltd. (NASDAQ: GIII ) posted first quarter earnings per share of $0.05, contrary to the Zacks Consensus Estimate of a loss of $0.04 • ABM Industries, Inc. (NYSE: ABM ) reported second quarter earnings per share of $0.36, ahead of the Zacks Consensus Estimate of $0.33 • American Woodmark Corporation (NASDAQ: AMWD ) posted fourth quarter earnings per share of $0.34, significantly higher than the Zacks Consensus Estimate of $0.17 • Dollar General Corp. (NYSE: DG ) reported first quarter earnings per share of $0.71, marginally below the Zacks Consensus Estimate of $0.72 ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER WOODMARK (AMWD): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report G-III APPAREL (GIII): 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. | • G-III Apparel Group, Ltd. (NASDAQ: GIII ) posted first quarter earnings per share of $0.05, contrary to the Zacks Consensus Estimate of a loss of $0.04 • ABM Industries, Inc. (NYSE: ABM ) reported second quarter earnings per share of $0.36, ahead of the Zacks Consensus Estimate of $0.33 • American Woodmark Corporation (NASDAQ: AMWD ) posted fourth quarter earnings per share of $0.34, significantly higher than the Zacks Consensus Estimate of $0.17 • Dollar General Corp. (NYSE: DG ) reported first quarter earnings per share of $0.71, marginally below the Zacks Consensus Estimate of $0.72 ABM INDUSTRIES (ABM): Free Stock Analysis Report AMER WOODMARK (AMWD): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report G-III APPAREL (GIII): 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. |
29684.0 | 2013-06-05 00:00:00 UTC | ABM Industries Beats on Earnings - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-industries-beats-on-earnings-analyst-blog-2013-06-05 | nan | nan | ABM Industries Incorporated ( ABM ) reported strong second quarter fiscal 2013 results with net income of $19.3 million or 35 cents per share compared with $11.7 million or 21 cents per share in the year-earlier quarter. The reported earnings beat the Zacks Consensus Estimate by a couple of cents.
Total revenue increased 11.0% year over year to $1.17 billion, primarily attributable to accretive acquisitions and organic growth from new sales and expansion of services with existing clients.
Segment Performance
Janitorial: Revenues from the segment increased 2.7% year over year to $609.2 million in the quarter.
Facility Services: Revenues climbed 8.4% year over year to $147.4 million primarily due to organic growth.
Parking: Revenues from the segment declined 0.7% year over year to $151.6 million during the quarter.
Security: The segment reported revenues of $91.5 million compared with $88.9 million in the year-ago quarter, representing a 3.0% year-over-year increase.
Building & Energy Solutions: Revenues from this segment surged 8.4% year over year to $93.9 million mostly due to inorganic growth.
Adjusted EBITDA for the company climbed 28.4% in the reported quarter to $52.0 million, driven by incremental contribution from the recent acquisitions, new businesses, and one less working day than the year-ago period.
ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. The company was selected as the official cleaning services partner of O2, a leading provider of mobile services and communication solutions to customers in the UK, Germany and Ireland. ABM Industries also formed a joint venture with Building Energy, an Italian power manufacturing company, to expand its solar and distributed energy capabilities in large-scale commercial and utility-scale solar power markets.
Financial Position
Cash and cash equivalents at quarter-end were $37.9 million. Net cash from operations was $49.3 million for the reported quarter compared with $43.5 million in the prior-year period. This enabled the company to reduce its outstanding debt under its credit facility by $39 million to $384 million.
Outlook
Banking on the strong quarterly results, ABM Industries raised its guidance for fiscal 2013 and currently anticipates income from continuing operations to be in the range of $1.21 to $1.31 per share, up from earlier projections of $1.16 to $1.26 a share. Adjusted income is expected to be in the range of $1.40 to $1.50 per share, up from $1.35 to $1.45.
ABM Industries' 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 of these companies and organic growth across the industry verticals.
ABM Industries presently has a Zacks Rank #2 (Buy). Other players in the industry that warrant a look includes AMN Healthcare Services Inc. ( AHS ), Booz Allen Hamilton Holding Corporation ( BAH ) and Clean Harbors, Inc. ( CLH ), 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 Industries also formed a joint venture with Building Energy, an Italian power manufacturing company, to expand its solar and distributed energy capabilities in large-scale commercial and utility-scale solar power markets. ABM Industries Incorporated ( ABM ) reported strong second quarter fiscal 2013 results with net income of $19.3 million or 35 cents per share compared with $11.7 million or 21 cents per share in the year-earlier quarter. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. | ABM Industries Incorporated ( ABM ) reported strong second quarter fiscal 2013 results with net income of $19.3 million or 35 cents per share compared with $11.7 million or 21 cents per share in the year-earlier quarter. ABM INDUSTRIES (ABM): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report BOOZ ALLEN HMLT (BAH): Free Stock Analysis Report CLEAN HARBORS (CLH): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. | ABM Industries Incorporated ( ABM ) reported strong second quarter fiscal 2013 results with net income of $19.3 million or 35 cents per share compared with $11.7 million or 21 cents per share in the year-earlier quarter. ABM INDUSTRIES (ABM): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report BOOZ ALLEN HMLT (BAH): Free Stock Analysis Report CLEAN HARBORS (CLH): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. | ABM Industries Incorporated ( ABM ) reported strong second quarter fiscal 2013 results with net income of $19.3 million or 35 cents per share compared with $11.7 million or 21 cents per share in the year-earlier quarter. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. ABM Industries also formed a joint venture with Building Energy, an Italian power manufacturing company, to expand its solar and distributed energy capabilities in large-scale commercial and utility-scale solar power markets. |
29685.0 | 2013-06-03 00:00:00 UTC | Benzinga Market Primer: Monday, June 3 | ABM | https://www.nasdaq.com/articles/benzinga-market-primer-monday-june-3-2013-06-03 | nan | nan | Futures Slightly Higher as Global Shares Drop
U.S. equity futures traded slightly higher in early pre-market trade despite weakness elsewhere around the world. Better than expected manufacturing PMIs across the eurozone are helping to prop assets despite sustained weakness in emerging markets ahead of what Soc Gen this weekend called an impending "rout of emerging market currencies."
Top News
In other news around the markets:
The Eurozone Manufacturing PMI rose to 48.3 in May from 47.8 in April on expectations of a flat reading with all major countries reporting better than expected results in the report. However, it still shows contraction in the manufacturing sector across Europe. England's Manufacturing PMI was also released this morning and showed further strength in the European economy as the PMI rose to 51.3 in May from an upwardly revised 50.2 in April on expectations of a reading of 50.2. Protests in Turkey continued Monday as the Lira fell against the dollar for a fifth day and 2-year note yields climbed 39 basis points. Protesters took to the streets in major cities such as Ankara and Istanbul in opposition of Prime Minister Erdogan, whom they want to resign. S&P 500 futures rose 2.6 points to 1,631.60. The EUR/USD was higher at 1.3024. Spanish 10-year government bond yields rose 1 basis point to 4.45 percent. Italian 10-year government bond yields rose 2 basis points to 4.17 percent. Gold rose 0.27 percent to $1,396.70 per ounce.
Asian Markets
Asian shares traded mostly lower overnight as the Japanese Nikkei Index recorded its fourth loss in eight trading days and has lost some 17 percent over the span. The Nikkei declined 3.72 percent while the Shanghai Composite Index eked out a gain of 0.02 percent as the Hang Seng Index declined 0.49 percent. Also, the Korean Kospi fell 0.57 percent and Australian shares lost 0.78 percent.
European Markets
European shares traded lower in early trading but have bounced off of the lows of the day following the stronger than expected PMI reports across the continent. The Spanish Ibex Index declined 0.54 percent and the Italian FTSE MIB Index fell 0.76 percent. Meanwhile, the German DAX lost 0.66 percent and the French CAC 40 declined 0.75 percent while U.K. shares lost 0.54 percent.
Commodities
Commodities were mostly higher overnight on the back of the stronger than expected Manufacturing PMI's and also as the dollar weakened. WTI Crude futures were flat at $91.97 per barrel and Brent Crude futures rose 0.16 percent to $100.15 per barrel. Copper futures gained 1.35 percent to $333.70 per pound. Gold was higher and silver futures rose 0.66 percent to $22.39 per ounce.
Currencies
Currency markets saw some interesting moves overnight as the dollar weakened and the yens strengthened. The EUR/USD was higher at 1.3024 and the dollar fell against the yen to 100.34. Overall, the Dollar Index fell 0.34 percent on weakness against the pound, the euro, and the yen. Notably, the pound gained 0.44 percent against the dollar to 1.5265 and the Aussie dollar saw particular strength as it rose against the yen by 0.66 percent to 96.7610 and against the greenback by 0.75 percent to 0.9643.
Earnings Reported Yesterday
Key companies that reported earnings Friday include:
Genesco (NYSE: GCO ) reported first quarter EPS of $0.94 vs. $0.87 expected on revenue of $591.4 million vs. $605.71 million expected.
Pre-Market Movers
Stocks moving in the pre-market included:
WPX Energy (NYSE: WPX ) shares declined 1.3 percent pre-market as Natural Gas prices eased in early trading. Boeing (NYSE: BA ) shares rose 0.59 percent pre-market as the company announced over the weekend that it has begun final assembly on the first 787-9 Dreamliner, the latest version of the plane, ahead of schedule. Carnival Corporation (NYSE: CCL ) shares declined 0.82 percent pre-market after a slew of downgrades last week and on fears over the safety of the cruise industry as a whole following a series of disasters.
Earnings
Notable companies expected to report earnings Monday include:
ABM Industries (NYSE: ABM ) is expected to report second quarter EPS of $0.33 vs. $0.30 a year ago. Cracker Barrel(NASDAQ: CBRL ) is expected to report third quarter EPS of $0.94 vs. $0.86 a year ago. SAIC (NYSE: SAI ) is expected to report first quarter EPS of $0.26 vs. $0.35 a year ago. Verint Systems (NASDAQ: VRNT ) is expected to report first quarter EPS of $0.52 vs. $0.53 a year ago.Click here to view Benzinga's earnings expectations for the week of June 3!
Economics
On the economics calendar Monday, the Markit Manufacturing PMI is due out as well as the ISM Manufacturing Index and Construction Spending data. In addition, San Francisco Fed President John Williams is set to speak and the Treasury is set to hold its weekly 3- and 6-month bill auctions. Overnight, the Reserve Bank of Australia ( RBA )'s rate decision is due out and the British Construction PMI is expected.
Good luck and good trading.
Click here to view Benzinga's earning and economic outlook for the week of June 3!
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Earnings Notable companies expected to report earnings Monday include: ABM Industries (NYSE: ABM ) is expected to report second quarter EPS of $0.33 vs. $0.30 a year ago. Protests in Turkey continued Monday as the Lira fell against the dollar for a fifth day and 2-year note yields climbed 39 basis points. Boeing (NYSE: BA ) shares rose 0.59 percent pre-market as the company announced over the weekend that it has begun final assembly on the first 787-9 Dreamliner, the latest version of the plane, ahead of schedule. | Earnings Notable companies expected to report earnings Monday include: ABM Industries (NYSE: ABM ) is expected to report second quarter EPS of $0.33 vs. $0.30 a year ago. Futures Slightly Higher as Global Shares Drop U.S. equity futures traded slightly higher in early pre-market trade despite weakness elsewhere around the world. Earnings Reported Yesterday Key companies that reported earnings Friday include: Genesco (NYSE: GCO ) reported first quarter EPS of $0.94 vs. $0.87 expected on revenue of $591.4 million vs. $605.71 million expected. | Earnings Notable companies expected to report earnings Monday include: ABM Industries (NYSE: ABM ) is expected to report second quarter EPS of $0.33 vs. $0.30 a year ago. The Nikkei declined 3.72 percent while the Shanghai Composite Index eked out a gain of 0.02 percent as the Hang Seng Index declined 0.49 percent. Meanwhile, the German DAX lost 0.66 percent and the French CAC 40 declined 0.75 percent while U.K. shares lost 0.54 percent. | Earnings Notable companies expected to report earnings Monday include: ABM Industries (NYSE: ABM ) is expected to report second quarter EPS of $0.33 vs. $0.30 a year ago. European Markets European shares traded lower in early trading but have bounced off of the lows of the day following the stronger than expected PMI reports across the continent. The EUR/USD was higher at 1.3024 and the dollar fell against the yen to 100.34. |
29686.0 | 2013-06-03 00:00:00 UTC | After-Hours Earnings Report for June 3, 2013 : SAI, VRNT, ABM, GIII | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-june-3-2013-sai-vrnt-abm-giii-2013-06-03 | nan | nan | The following companies are expected to report earnings after hours on 06/03/2013. Visit our Earnings Calendar for a full list of expected earnings releases.
SAIC Inc ( SAI ) is reporting for the quarter ending April 30, 2013. The government services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.27. This value represents a 22.86% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for SAI is 12.29 vs. an industry ratio of 15.50.
Verint Systems Inc. ( VRNT ) is reporting for the quarter ending April 30, 2013. The computer software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.44. This value represents a 2.33% increase compared to the same quarter last year. VRNT missed the consensus earnings per share in the 4th calendar quarter of 2012 by -8.51%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for VRNT is 14.16 vs. an industry ratio of 6.10, implying that they will have a higher earnings growth than their competitors in the same industry.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending April 30, 2013. 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 10.00% increase compared to the same quarter last year. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -11.9%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 17.40 vs. an industry ratio of 23.70.
G-III Apparel Group, LTD. ( GIII ) is reporting for the quarter ending April 30, 2013. The textile company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.04. This value represents a no change for the same quarter last year. In the past year GIII has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2014 Price to Earnings ratio for GIII is 13.04 vs. an industry ratio of 19.10.
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 April 30, 2013. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -11.9%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 17.40 vs. an industry ratio of 23.70. | Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 17.40 vs. an industry ratio of 23.70. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending April 30, 2013. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -11.9%. | Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 17.40 vs. an industry ratio of 23.70. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending April 30, 2013. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -11.9%. | ABM missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -11.9%. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending April 30, 2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 17.40 vs. an industry ratio of 23.70. |
29687.0 | 2013-04-04 00:00:00 UTC | Guru Arnold Van Den Berg Buys 2 New Stocks in First Quarter | ABM | https://www.nasdaq.com/articles/guru-arnold-van-den-berg-buys-2-new-stocks-first-quarter-2013-04-04 | nan | nan | Since founding Century Management in 1974, Arnold Van Den Berg has sown a legacy of achieving returns on his clients' capital through value investing. His CM All-Cap Value fund has returned 13.04% annualized return since inception. Its performance over the short term is also inspiring - it beat the S&P with a 16.23% return in 2012.
The investment process at Century Management has five pillars: Stocks represent ownership in business, protect the downside, take advantage of market inefficiencies, price determines return and invest for the long run, according to its website.
The market veteran found scarce opportunity in the first quarter of 2013, with a quarter-over-quarter portfolio turnover of 8% and only two new stock buys and three total sell-outs. He seemed to primarily be interested in mortgage companies.
Van Den Berg opted for 742,950 shares of Walter Investment Management ( WAC ), the largest of the new buys, for $44 per share on average, giving it a 2.7% weighting in his portfolio. He likely took advantage of the stock's approximate 30% price plunge in March when the company released disappointing quarterly and year-end results. GAAP net loss for the year was $22.1 million and $34.1 million for the fourth quarter, compared to net loss of $66.4 million and $3.9 million in the previous year and year-ago quarter, respectively, primarily resulting from a $48.6 million early debt-repayment charge.
After closing on recent acquisitions of Fannie Mae mortgage servicing rights of ResCap and Bank of America and others, Walter Investment services a portfolio of nearly 2 million loans with principal still owed of $245 billion, grown 185% since 2011, and backed by strategic partner Fannie Mae. The company has $566 million in liquidity it plans to use in the first half of 2013 on further purchases and acquisitions.
Walter Investment Management is a residential mortgage industry fee-based services provider whose stock price has appreciated 49% over the past year on a number of acquisitions, including the fourth largest reverse mortgage services and largest issuer of HMBS, Reverse Mortgage Solutions, the originations and capital markets platform of Residential Capital LLC, and retail and wholesale reverse mortgage loan originator Security One Lending.
In the first quarter of 2013, Van Den Berg also bought 355,085 shares of Ocwen Financial Corp, for $39 per share on average and a 1.3% weighting in his portfolio. The stock's price has run up 136% over the past year, but was particularly volatile in the first quarter. The $5 billion market cap company services and originates mortgage loans, particularly servicing high-risk loans.
The company has been expanding through acquisitions, including Liberty Home Equity Solutions from Genworth Financial ( GNW ), a reverse mortgages company helping seniors, in April, and Homeward Residential Holdings Inc. from WL Ross & Co., the private equity firm owned by Guru Wilbur Ross , in October. Ross then joined Ocwen's board of directors in March after being named a "board observer" since the acquisition.
In the fourth quarter and full-year 2012, Ocwen earned $65.2 million and $180.8 million in net earnings, respectively, compared to $9.7 million and $78.3 million in the year-ago quarter and full-year 2011, respectively. It also reported record revenue of $236.4 million in the fourth quarter, a 51% year-over-year increase. In the full year, revenue increased 70% year-over-year to a record $845 million. The company's loan portfolio increased 270% after closing its acquisitions for the year to almost $470 billion in value. The company believes its revenue, earnings, cash flow and earnings will continue to increase in growth in the future as a result of the acquisitions.
Also in the fourth quarter Van Den Berg sold out of two computer hardware companies, Perceptron Inc. ( PRCP ) and Molex Inc. ( MOLX ), and one business services company, ABM Industries Inc. ( ABM ).
To see more of his trading activity, visit his portfolio here . Also check out the Undervalued Stocks , Top Growth Companies and High Yield stocks of Arnold Van Den Berg.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also in the fourth quarter Van Den Berg sold out of two computer hardware companies, Perceptron Inc. ( PRCP ) and Molex Inc. ( MOLX ), and one business services company, ABM Industries Inc. ( ABM ). Since founding Century Management in 1974, Arnold Van Den Berg has sown a legacy of achieving returns on his clients' capital through value investing. The market veteran found scarce opportunity in the first quarter of 2013, with a quarter-over-quarter portfolio turnover of 8% and only two new stock buys and three total sell-outs. | Also in the fourth quarter Van Den Berg sold out of two computer hardware companies, Perceptron Inc. ( PRCP ) and Molex Inc. ( MOLX ), and one business services company, ABM Industries Inc. ( ABM ). GAAP net loss for the year was $22.1 million and $34.1 million for the fourth quarter, compared to net loss of $66.4 million and $3.9 million in the previous year and year-ago quarter, respectively, primarily resulting from a $48.6 million early debt-repayment charge. Walter Investment Management is a residential mortgage industry fee-based services provider whose stock price has appreciated 49% over the past year on a number of acquisitions, including the fourth largest reverse mortgage services and largest issuer of HMBS, Reverse Mortgage Solutions, the originations and capital markets platform of Residential Capital LLC, and retail and wholesale reverse mortgage loan originator Security One Lending. | Also in the fourth quarter Van Den Berg sold out of two computer hardware companies, Perceptron Inc. ( PRCP ) and Molex Inc. ( MOLX ), and one business services company, ABM Industries Inc. ( ABM ). GAAP net loss for the year was $22.1 million and $34.1 million for the fourth quarter, compared to net loss of $66.4 million and $3.9 million in the previous year and year-ago quarter, respectively, primarily resulting from a $48.6 million early debt-repayment charge. Walter Investment Management is a residential mortgage industry fee-based services provider whose stock price has appreciated 49% over the past year on a number of acquisitions, including the fourth largest reverse mortgage services and largest issuer of HMBS, Reverse Mortgage Solutions, the originations and capital markets platform of Residential Capital LLC, and retail and wholesale reverse mortgage loan originator Security One Lending. | Also in the fourth quarter Van Den Berg sold out of two computer hardware companies, Perceptron Inc. ( PRCP ) and Molex Inc. ( MOLX ), and one business services company, ABM Industries Inc. ( ABM ). Since founding Century Management in 1974, Arnold Van Den Berg has sown a legacy of achieving returns on his clients' capital through value investing. Walter Investment Management is a residential mortgage industry fee-based services provider whose stock price has appreciated 49% over the past year on a number of acquisitions, including the fourth largest reverse mortgage services and largest issuer of HMBS, Reverse Mortgage Solutions, the originations and capital markets platform of Residential Capital LLC, and retail and wholesale reverse mortgage loan originator Security One Lending. |
29688.0 | 2013-04-01 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for April 02, 2013 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-april-02-2013-2013-04-01 | nan | nan | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on April 02, 2013. A cash dividend payment of $0.15 per share is scheduled to be paid on May 06, 2013. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.45% increase over the same period a year ago.
The previous trading day's last sale of ABM was $22.24, representing a -9.63% decrease from the 52 week high of $24.61 and a 24.59% increase over the 52 week low of $17.85.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and ADT Corporation ( ADT ). ABM's current earnings per share, an indicator of a company's profitability, is $1.18. Zacks Investment Research reports ABM's forecasted earnings growth in 2013 as -.9%, compared to an industry average of 4.7%.
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.
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 stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABM's forecasted earnings growth in 2013 as -.9%, compared to an industry average of 4.7%. 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 April 02, 2013. 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 stock prior to the ex-dividend date are eligible for the cash dividend payment. | ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on April 02, 2013. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABM was $22.24, representing a -9.63% decrease from the 52 week high of $24.61 and a 24.59% increase over the 52 week low of $17.85. | Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. ABM Industries Incorporated ( ABM ) will begin trading ex-dividend on April 02, 2013. The previous trading day's last sale of ABM was $22.24, representing a -9.63% decrease from the 52 week high of $24.61 and a 24.59% increase over the 52 week low of $17.85. |
29689.0 | 2013-03-20 00:00:00 UTC | Cintas' Earnings Lag Estimates - Analyst Blog | ABM | https://www.nasdaq.com/articles/cintas-earnings-lag-estimates-analyst-blog-2013-03-20 | nan | nan | Cintas Corporation ( CTAS ) reported relatively modest fiscal 2013 third-quarter (ended Feb 28, 2013) results with net income of $74.7 million or 60 cents per share compared with $76.0 million or 58 cents per share in the year-earlier quarter. Although earnings per share for the reported quarter increased year over year, it missed the Zacks Consensus Estimate by a couple of cents.
Operational Update
Total quarterly revenue increased 6.3% year over year to $1.08 billion, marginally ahead of the Zacks Consensus Estimate of $1.06 billion. Taking in to account the effect of one less workday in the reported quarter compared with the previous year, total revenue increased 7.9%. The record top-line performance was primarily attributable to strong Uniform Direct Sales.
Organic growth (adjusted for acquisitions and the impact of one less workday) was 6.9% with strong execution by the global accounts and supply chain teams. However, the dearth of any meaningful customer hiring resulted in increased rental material cost and capacity pressure on routes, owing to which rental segment material costs exceeded year over year. Consequently, operating income for the quarter dipped 3.3% to $133.0 million.
Segment Performance
Rental Uniforms and Ancillary Products revenues for the quarter improved 3.9% year over year to $748.9 million, accounting for 70% of the total company revenue. Gross margin decreased 120 bps compared with the year-ago quarter to 41.9% due to the adverse effect of one less workday and higher material and service costs associated with added route capacity.
Uniform Direct Sales revenues totaled $126.1 million, up 15.6% year over year and accounted for 12% of the company's revenues. Gross margin contracted 130 bps to 29.2% due to changes in product mix.
First Aid, Safety and Fire Protection Services revenues climbed 11.3% to $112.9 million, representing 10% of the company's total revenue. Gross margin improved 80 bps year over year to 44.0% due to the continued efficiency gain by a relatively strong performance in the segment.
Document Management Services revenues increased 8.9% year over year to $87.8 million and accounted for 8% of the total company revenue, with higher average recycled paper price of $140 per ton vis-à-vis $135 per ton in the prior-year quarter. Gross margin remained comparatively flat at 47.1%.
Financial Position
Cash and cash equivalents were $217. 5 million at quarter end, while long-term debt was $1.31 billion. Cash flow from operations was $368.3 million during the first nine months of fiscal 2013, representing a 19.7% increase from the comparable period in the previous fiscal. Cash from operating activities in the reported quarter was $141 million, compared with $132 million in the year-ago quarter.
Revised Fiscal Outlook
Cintas raised its revenue guidance for fiscal 2013 in the range of $4.3 billion-$4.325 billion from its earlier guidance of $4.275-$4.325 billion. The company also raised its earnings guidance to $2.50-$2.54 per share from its earlier projection of $2.50-$2.58.
Moving Forward
Cintas continues to deliver organic growth through superior execution of its operational plans. The company witnessed top-line growth across all the segments in the reported quarter and expects to continue this bull run in the fourth quarter as well. We also remain encouraged with the relatively strong performance of the company.
However, Cintas should remain wary of stiff competition from rivals such as G&K Services Inc. ( GK ), UniFirst Corp. ( UNF ), and ABM Industries Incorporated ( ABM ). Cintas presently has 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. | However, Cintas should remain wary of stiff competition from rivals such as G&K Services Inc. ( GK ), UniFirst Corp. ( UNF ), and ABM Industries Incorporated ( ABM ). ABM INDUSTRIES (ABM): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report G&K SVCS A (GK): Free Stock Analysis Report UNIFIRST CORP (UNF): Free Stock Analysis Report To read this article on Zacks.com click here. Taking in to account the effect of one less workday in the reported quarter compared with the previous year, total revenue increased 7.9%. | ABM INDUSTRIES (ABM): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report G&K SVCS A (GK): Free Stock Analysis Report UNIFIRST CORP (UNF): Free Stock Analysis Report To read this article on Zacks.com click here. However, Cintas should remain wary of stiff competition from rivals such as G&K Services Inc. ( GK ), UniFirst Corp. ( UNF ), and ABM Industries Incorporated ( ABM ). Operational Update Total quarterly revenue increased 6.3% year over year to $1.08 billion, marginally ahead of the Zacks Consensus Estimate of $1.06 billion. | However, Cintas should remain wary of stiff competition from rivals such as G&K Services Inc. ( GK ), UniFirst Corp. ( UNF ), and ABM Industries Incorporated ( ABM ). ABM INDUSTRIES (ABM): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report G&K SVCS A (GK): Free Stock Analysis Report UNIFIRST CORP (UNF): Free Stock Analysis Report To read this article on Zacks.com click here. Operational Update Total quarterly revenue increased 6.3% year over year to $1.08 billion, marginally ahead of the Zacks Consensus Estimate of $1.06 billion. | However, Cintas should remain wary of stiff competition from rivals such as G&K Services Inc. ( GK ), UniFirst Corp. ( UNF ), and ABM Industries Incorporated ( ABM ). ABM INDUSTRIES (ABM): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report G&K SVCS A (GK): Free Stock Analysis Report UNIFIRST CORP (UNF): Free Stock Analysis Report To read this article on Zacks.com click here. Segment Performance Rental Uniforms and Ancillary Products revenues for the quarter improved 3.9% year over year to $748.9 million, accounting for 70% of the total company revenue. |
29690.0 | 2013-03-08 00:00:00 UTC | Heartland to Serve Vantage Group - Analyst Blog | ABM | https://www.nasdaq.com/articles/heartland-to-serve-vantage-group-analyst-blog-2013-03-08 | nan | nan | It was recently disclosed that Vantage Hospitality Group has chosen Heartland Payment Systems ( HPY ) to provide payroll solutions and payment processing services. Vantage is the eighth largest hotel company in the world. Its portfolio includes Americas Best Value Inns and the Lexington family of inns and hotels.
Through the deal Heartland will allow Vantage members access to its web-oriented payroll solutions. These payroll solutions, specially designed for the hospitality industry, come with a three-year price guarantee coupled with credit and debit card processing services. They are designed to support most of the property management systems like AutoClerk, RoomKey and Check-Inn. Alongside, Heartland will also offer its round-the-clock live customer service to Vantage members.
Heartland through its cost effective services expects to improve the operational efficiency of Vantage and its members. In turn, by providing its services to Vantage, Heartland will be able to expand its business and fortify its sales structure.
Vantage aims to utilize Heartland's services to provide its members, best-in-class technology and its guests a better hospitality experience.
Heartland currently delivers its services to over 60,000 restaurants and 6,500 lodging properties. Moreover, it officially functions as the payment processor for the American Hotel & Lodging Association, the National Restaurant Association and 43 state lodging associations.
Heartland continuously engages in a number of transactions to expand and enhance its existing lines of business. In Jan 2013, Heartland and ABM Parking Services, a subsidiary of ABM Industries Incorporated ( ABM ), extended the duration of their strategic liaison. The joint venture allows Heartland to process signature debit and credit card transactions at more than 1100 ABM sites throughout the nation.
Among other payment processors, Visa Inc. ( V ) entered into a strategic partnership with JPMorgan Chase & Co. ( JPM ) last week for a period of ten years to promote electronic mode of payments. Visa will thereby support merchants further to provide convenient shopping experience for cardholders.
Heartland Carries a Zacks Rank #3 (Hold) while Visa carries a favorable 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. | The joint venture allows Heartland to process signature debit and credit card transactions at more than 1100 ABM sites throughout the nation. In Jan 2013, Heartland and ABM Parking Services, a subsidiary of ABM Industries Incorporated ( ABM ), extended the duration of their strategic liaison. ABM INDUSTRIES (ABM): Free Stock Analysis Report HEARTLAND PAYMT (HPY): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report VISA INC-A (V): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM INDUSTRIES (ABM): Free Stock Analysis Report HEARTLAND PAYMT (HPY): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report VISA INC-A (V): Free Stock Analysis Report To read this article on Zacks.com click here. In Jan 2013, Heartland and ABM Parking Services, a subsidiary of ABM Industries Incorporated ( ABM ), extended the duration of their strategic liaison. The joint venture allows Heartland to process signature debit and credit card transactions at more than 1100 ABM sites throughout the nation. | ABM INDUSTRIES (ABM): Free Stock Analysis Report HEARTLAND PAYMT (HPY): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report VISA INC-A (V): Free Stock Analysis Report To read this article on Zacks.com click here. In Jan 2013, Heartland and ABM Parking Services, a subsidiary of ABM Industries Incorporated ( ABM ), extended the duration of their strategic liaison. The joint venture allows Heartland to process signature debit and credit card transactions at more than 1100 ABM sites throughout the nation. | In Jan 2013, Heartland and ABM Parking Services, a subsidiary of ABM Industries Incorporated ( ABM ), extended the duration of their strategic liaison. The joint venture allows Heartland to process signature debit and credit card transactions at more than 1100 ABM sites throughout the nation. ABM INDUSTRIES (ABM): Free Stock Analysis Report HEARTLAND PAYMT (HPY): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report VISA INC-A (V): Free Stock Analysis Report To read this article on Zacks.com click here. |
29691.0 | 2013-03-06 00:00:00 UTC | Wright State University Chooses ABM - Analyst Blog | ABM | https://www.nasdaq.com/articles/wright-state-university-chooses-abm-analyst-blog-2013-03-06 | nan | nan | ABM Industries Incorporated ( ABM ), a leading provider of facility solutions, recently announced that Wright State University has selected its ABM Building Solutions service line to execute a campus-wide energy conservation project and lower the university's energy consumption by nearly 40%. With this project, ABM will help the universities to save $35.8 million over the next 15 years.
This project includes enhancement of Wright State University's heating and cooling equipments and utilizing its pond for geothermal cooling. This project will be beneficial for Wright State University as it will incorporate innovative and established energy saving technologies that will revolutionize the campus operations and at the same time, help it generate savings that might be utilized for other projects.
ABM aims to provide its clients with cost-effective and eco-friendly long-term solutions to cater their facility service needs. ABM has a long-standing relationship with Wright State University. Earlier, in 2009, the company completed its first energy conservation project and provided the university with more than $1.3 million in annual energy savings.
Headquartered in San Francisco, Calif, 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 approximately 100,000 employees in over 350 offices with revenues exceeding $ 4 billion.
The company operates in an intensely competitive landscape that includes big players such as Fiserv, Inc ( FISV ) and Global Payments Inc ( GPN ). ABM currently has a Zacks Rank #3 (Hold). One of its competitors, Total System Services Inc ( TSS ) carries 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 aims to provide its clients with cost-effective and eco-friendly long-term solutions to cater their facility service needs. Headquartered in San Francisco, Calif, 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. ABM Industries Incorporated ( ABM ), a leading provider of facility solutions, recently announced that Wright State University has selected its ABM Building Solutions service line to execute a campus-wide energy conservation project and lower the university's energy consumption by nearly 40%. | ABM Industries Incorporated ( ABM ), a leading provider of facility solutions, recently announced that Wright State University has selected its ABM Building Solutions service line to execute a campus-wide energy conservation project and lower the university's energy consumption by nearly 40%. ABM INDUSTRIES (ABM): Free Stock Analysis Report FISERV INC (FISV): Free Stock Analysis Report GLOBAL PAYMENTS (GPN): Free Stock Analysis Report TOTAL SYS SVC (TSS): Free Stock Analysis Report To read this article on Zacks.com click here. With this project, ABM will help the universities to save $35.8 million over the next 15 years. | ABM Industries Incorporated ( ABM ), a leading provider of facility solutions, recently announced that Wright State University has selected its ABM Building Solutions service line to execute a campus-wide energy conservation project and lower the university's energy consumption by nearly 40%. ABM INDUSTRIES (ABM): Free Stock Analysis Report FISERV INC (FISV): Free Stock Analysis Report GLOBAL PAYMENTS (GPN): Free Stock Analysis Report TOTAL SYS SVC (TSS): Free Stock Analysis Report To read this article on Zacks.com click here. With this project, ABM will help the universities to save $35.8 million over the next 15 years. | ABM Industries Incorporated ( ABM ), a leading provider of facility solutions, recently announced that Wright State University has selected its ABM Building Solutions service line to execute a campus-wide energy conservation project and lower the university's energy consumption by nearly 40%. Headquartered in San Francisco, Calif, 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. With this project, ABM will help the universities to save $35.8 million over the next 15 years. |
29692.0 | 2013-03-05 00:00:00 UTC | ABM Industries Surpasses Estimates - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-industries-surpasses-estimates-analyst-blog-2013-03-05 | nan | nan | ABM Industries Incorporated ( ABM ) reported strong first-quarter fiscal 2013 results with a net income of $13.4 million or 24 cents per share compared with $10.6 million or 20 cents per share in the year-earlier quarter. The reported earnings beat the Zacks Consensus Estimate by a couple of cents.
Total revenue increased 10.1% year over year to $1.18 billion, and was marginally ahead of the Zacks Consensus Estimate of $1.17 billion. The healthy increase in revenues was primarily attributable to accretive acquisitions and organic growth from new sales and expansion of services with existing clients.
Segment Performance
Janitorial: Revenues from the segment increased 1.9% year over year to $605.5 million in the quarter.
Facility Services : The segment revenues spiked 8.2% year over year to $156.4 million. The rise in the top-line figure was primarily due to organic growth, driven by incremental sales.
Parking: Revenues from the segment declined 1.4% year over year to $151.2 million during the quarter.
Security: The segment reported revenues of $96.7 million compared with $92.0 million in the year-ago quarter, up 5.1% year over year.
Building & Energy Solutions: Revenues from this segment dipped 1.3% year over year to $88.0 million as it was impacted by the comparative mix and timing of some awarded and completed U.S. Government contracts.
Adjusted EBITDA for the company climbed 7.5% in the reported quarter to $38.6 million, driven by incremental contribution from the recent acquisitions. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. The company recently received two linguist task orders from the Department of Defense under the Defense Language Interpreting and Translation Enterprise (DLITE) contract. Subsequent to the quarter end, ABM Industries inked a $25 million energy retrofit contract with Wright State University to provide cost-effective and green long-term solutions to their facility service needs.
Financial Position
Cash and cash equivalents at quarter end were $36.5 million. The company utilized approximately $208 million in the reported quarter from available capacity under its credit facility to fund its recent acquisitions. At the same time, net cash used in operations was $11.5 million for the quarter.
Outlook
For fiscal 2013, ABM Industries anticipates income from continuing operations in the range of $1.16 to $1.26 per share, with adjusted income of $1.35 to $1.45 per share.
ABM Industries' 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 of these companies and organic growth across the industry verticals.
However, the company needs to be wary of tough competition from other players in the market such as Team, Inc. ( TISI ), Argan, Inc. ( AGX ), and Rollins Inc. ( ROL ). ABM Industries presently has a Zacks Rank #3 (Hold).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Subsequent to the quarter end, ABM Industries inked a $25 million energy retrofit contract with Wright State University to provide cost-effective and green long-term solutions to their facility service needs. ABM Industries Incorporated ( ABM ) reported strong first-quarter fiscal 2013 results with a net income of $13.4 million or 24 cents per share compared with $10.6 million or 20 cents per share in the year-earlier quarter. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. | ABM Industries Incorporated ( ABM ) reported strong first-quarter fiscal 2013 results with a net income of $13.4 million or 24 cents per share compared with $10.6 million or 20 cents per share in the year-earlier quarter. ABM INDUSTRIES (ABM): Free Stock Analysis Report ARGAN INC (AGX): Get Free Report ROLLINS INC (ROL): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. | ABM Industries Incorporated ( ABM ) reported strong first-quarter fiscal 2013 results with a net income of $13.4 million or 24 cents per share compared with $10.6 million or 20 cents per share in the year-earlier quarter. ABM INDUSTRIES (ABM): Free Stock Analysis Report ARGAN INC (AGX): Get Free Report ROLLINS INC (ROL): Free Stock Analysis Report TEAM INC (TISI): Free Stock Analysis Report To read this article on Zacks.com click here. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. | ABM Industries Incorporated ( ABM ) reported strong first-quarter fiscal 2013 results with a net income of $13.4 million or 24 cents per share compared with $10.6 million or 20 cents per share in the year-earlier quarter. ABM Industries has a healthy pipeline of future businesses and is particularly going strong in government business. Subsequent to the quarter end, ABM Industries inked a $25 million energy retrofit contract with Wright State University to provide cost-effective and green long-term solutions to their facility service needs. |
29693.0 | 2013-03-04 00:00:00 UTC | After-Hours Earnings Report for March 4, 2013 : ASNA, ABM, SHFL, SNTS, RSO, EPIQ, TCRD, GSS, REGI, CWST, DCO, AACC | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-march-4-2013-asna-abm-shfl-snts-rso-epiq-tcrd-gss-regi-cwst | nan | nan | The following companies are expected to report earnings after hours on 03/04/2013. Visit our Earnings Calendar for a full list of expected earnings releases.
Ascena Retail Group, Inc. ( ASNA ) is reporting for the quarter ending January 31, 2013. The retail (shoe) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.24. This value represents a -41.46% decrease compared to the same quarter last year. ASNA missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -5.56%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ASNA is 13.06 vs. an industry ratio of -13.40, implying that they will have a higher earnings growth than their competitors in the same industry.
ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2013. The building maintenance & services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.22. This value represents a no change for the same quarter last year. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -11.9%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 16.47 vs. an industry ratio of 19.40.
SHFL Entertainment, Inc. ( SHFL ) is reporting for the quarter ending January 31, 2013. The gaming company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.14. This value represents a no change for the same quarter last year. SHFL missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -10%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SHFL is 19.80 vs. an industry ratio of 11.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Santarus, Inc. ( SNTS ) is reporting for the quarter ending December 31, 2012. The drug company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.01. This value represents a -66.67% decrease compared to the same quarter last year. SNTS missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -37.5%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SNTS is 67.30 vs. an industry ratio of 9.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Resource Capital Corp. ( RSO ) is reporting for the quarter ending December 31, 2012. The reit company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.17. This value represents a 750.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for RSO is 8.32 vs. an industry ratio of 15.60.
EPIQ Systems, Inc. ( EPIQ ) is reporting for the quarter ending December 31, 2012. The computer software company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.22. This value represents a 4.76% increase compared to the same quarter last year. In the past year EPIQ has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for EPIQ is 14.71 vs. an industry ratio of 9.90, implying that they will have a higher earnings growth than their competitors in the same industry.
THL Credit, Inc. ( TCRD ) is reporting for the quarter ending December 31, 2012. The financial services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.32. This value represents a 6.67% increase compared to the same quarter last year. In the past year TCRD has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for TCRD is 11.98 vs. an industry ratio of 19.50.
Golden Star Resources, Ltd ( GSS ) is reporting for the quarter ending December 31, 2012. The consensus earnings per share forecast from the 5 analysts that follow the stock is $0.03. GSS reported earnings of $0.02 per share for the same quarter a year ago; representing a a increase of 50.00%. The "days to cover" for this stock exceeds 10 days. Renewable Energy Group, Inc. ( REGI ) is reporting for the quarter ending December 31, 2012. The biofuels company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.02. This value represents a -100.51% decrease compared to the same quarter last year. REGI missed the consensus earnings per share in the 1st calendar quarter of 2012 by -53.85%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for REGI is 39.16 vs. an industry ratio of -0.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Casella Waste Systems, Inc. ( CWST ) is reporting for the quarter ending January 31, 2013. The pollution control company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.16. This value represents a -42.86% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CWST is -6.51 vs. an industry ratio of 8.50.
Ducommun Incorporated ( DCO ) is reporting for the quarter ending December 31, 2012. The aerospace and defense company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.42. This value represents a 55.56% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DCO is 9.33 vs. an industry ratio of 35.40.
Asset Acceptance Capital Corp. ( AACC ) is reporting for the quarter ending December 31, 2012. The financial services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.06. This value represents a -62.50% decrease compared to the same quarter last year. In the past year AACC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 42.86%. The "days to cover" for this stock exceeds 27 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AACC is 13.03 vs. an industry ratio of 22.10.
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, 2013. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -11.9%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 16.47 vs. an industry ratio of 19.40. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2013. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -11.9%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 16.47 vs. an industry ratio of 19.40. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2013. ABM missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -11.9%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 16.47 vs. an industry ratio of 19.40. | ABM missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -11.9%. ABM Industries Incorporated ( ABM ) is reporting for the quarter ending January 31, 2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ABM is 16.47 vs. an industry ratio of 19.40. |
29694.0 | 2013-01-15 00:00:00 UTC | Heartland-ABM Extend Partnership - Analyst Blog | ABM | https://www.nasdaq.com/articles/heartland-abm-extend-partnership-analyst-blog-2013-01-15 | nan | nan | Through a recent agreement, Heartland Payment Systems ( HPY ) and ABM Parking Services, a subsidiary of ABM Industries Incorporated ( ABM ), have extended the duration of their strategic liaison.
Heartland, the sixth largest payments processor of the United States, has been into a joint venture with ABM Parking Services for some time now. The joint venture allows Heartland to process signature debit and credit card transactions at more than 1100 ABM sites throughout the nation. These locations include airports, special event venues, municipalities and other parking facilities. The extension of the contract will entail Heartland to maintain its operations in the existing locations of ABM for several years to come.
The association between Heartland and ABM has been advantageous for both the companies so far. Thus, to optimize the benefits from the prevailing partnership, ABM and Heartland entered the multi-year contract extension.
The long-term relationship of ABM with Heartland entails ABM customers with smooth and stress free payment transactions. We expect that the extended contract will allow ABM to gain more customers owing to these cost effective payment deals.
Operating for 14 years, Heartland offers card processing, school solutions, loyalty marketing services, campus solutions and payroll services to more than 250,000 small and medium sized businesses, and education sites in the nation. Through the extension, Heartland will provide an array of electronic payment services to ABM in the upcoming period, which is expected to enhance its portfolio of services provided.
In order to expand its operations, both Heartland and ABM undertake a number of merger and acquisitions. The latest on the list was the acquisition of the Rochester, New York-based Ovation Payroll, an eminent U.S Payroll outsourcing company, by Heartland to enhance its Heartland Payroll Services business. On the other hand, in November 2012, ABM also completed the acquisition of HHA Services, a leading facility management and food provider to different communities, to expand its New York-based ABM Industries' presence in the Michigan area and fortify ABM Industries' health care capabilities enabling it to reach a wider customer base.
Heartland is expected to release its fourth-quarter and full year 2012 earnings results in the first week of February. The Zacks Consensus Estimate for the fourth quarter of 2012 is pegged at 37 cents, up 33.8% year over year. Earnings for the full year 2012 are expected at $1.63, up 47 % year over year.
Heartland currently carries a Zacks Rank #1 (Strong Buy), while ABM carries the Zacks Rank # 3 (Hold).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Heartland, the sixth largest payments processor of the United States, has been into a joint venture with ABM Parking Services for some time now. The joint venture allows Heartland to process signature debit and credit card transactions at more than 1100 ABM sites throughout the nation. We expect that the extended contract will allow ABM to gain more customers owing to these cost effective payment deals. | Through a recent agreement, Heartland Payment Systems ( HPY ) and ABM Parking Services, a subsidiary of ABM Industries Incorporated ( ABM ), have extended the duration of their strategic liaison. ABM INDUSTRIES (ABM): Free Stock Analysis Report HEARTLAND PAYMT (HPY): Free Stock Analysis Report To read this article on Zacks.com click here. Heartland, the sixth largest payments processor of the United States, has been into a joint venture with ABM Parking Services for some time now. | Through a recent agreement, Heartland Payment Systems ( HPY ) and ABM Parking Services, a subsidiary of ABM Industries Incorporated ( ABM ), have extended the duration of their strategic liaison. On the other hand, in November 2012, ABM also completed the acquisition of HHA Services, a leading facility management and food provider to different communities, to expand its New York-based ABM Industries' presence in the Michigan area and fortify ABM Industries' health care capabilities enabling it to reach a wider customer base. ABM INDUSTRIES (ABM): Free Stock Analysis Report HEARTLAND PAYMT (HPY): Free Stock Analysis Report To read this article on Zacks.com click here. | The extension of the contract will entail Heartland to maintain its operations in the existing locations of ABM for several years to come. The long-term relationship of ABM with Heartland entails ABM customers with smooth and stress free payment transactions. Through a recent agreement, Heartland Payment Systems ( HPY ) and ABM Parking Services, a subsidiary of ABM Industries Incorporated ( ABM ), have extended the duration of their strategic liaison. |
29695.0 | 2012-12-21 00:00:00 UTC | Cintas Reports In Line in 2Q - Analyst Blog | ABM | https://www.nasdaq.com/articles/cintas-reports-in-line-in-2q-analyst-blog-2012-12-21 | nan | nan | Cintas Corporation ( CTAS ) reported second-quarter fiscal 2013 (ended November 30, 2012) earnings of 63 cents per share, in line with the Zacks Consensus Estimate. Results improved 11% from the prior-year quarter earnings of 57 cents per share.
Operational Update
Total revenue in the quarter increased 4% year over year to $1.06 billion, at par with the Zacks Consensus Estimate. Organic growth in the quarter was 3.4%.
Lower recycled paper prices had a negative impact of $5.5 million on revenues in the quarter. The average price for recycled paper prices was slightly over $150 per ton, a 32% decline from second quarter 2011 average price of just over $220 per ton
Cost of rental uniforms and ancillary products increased 7% year over year to $438.9 million and cost of other services rose 6% to $189 million during the quarter. Selling, general and administrative expenses decreased 1% on a year-over-year basis to $293 million. Operating income for the quarter improved 5% to $139 million. Operating margin remained flat at 13%.
Segment Update
Rental uniforms and ancillary product revenues for the quarter improved 5% year over year to $755.8 million. Gross profit inched up 1% to $316.9 million from $312 million in the prior-year quarter. Gross margin decreased 130 bps year over year to 41.9%.
Uniform Direct Sales revenues grossed $100.2 million, down 2% from $111.9 million in the year-ago quarter. Gross profit for the segment decreased 9% to $30.2 million from $29.1 in the year-ago quarter. Gross margin contracted 220 bps year over year to 27.4%.
First Aid, Safety and Fire Protection revenues went up 10% to $111.5 million from the year-earlier quarter. Gross profit increased 8% to $47.3 million from the year-ago quarter. Gross margin declined 70 bps year over year to 42.4% in the quarter.
Document Management revenues remained flat at $82.8 million. Gross profit declined 6.7% to $37.6 million from the prior-year quarter of $40.3 million. The gross margin decreased 340 bps year over year to 45.4%.
Financial Position
Cash and cash equivalents were $242. 5 million as of the second quarter end, decreasing from $319.2 million as of the first quarter end. Long-term debt was $1.31 billion as of the second quarter end, flat compared with the first quarter end.
The company's debt-to-capitalization ratio increased to 38.6% as of November 30, 2012 from 37.8% as of August 31, 2012. Cash flow from operations was $227.3 million during the first half of fiscal 2013 compared with $175.9 million in the comparable period of fiscal 2012. Free cash flow for the same period increased to $128.2 million from $96 million in the year-ago comparable period.
Share Repurchase
During the reported quarter, Cintas purchased 1.9 million shares of its common stock at an aggregate price of $81.1 million. The company has $218.7 million remaining under its existing share repurchase authorization as of November 30, 2012.
Outlook for Fiscal 2013
Citing an uncertain U.S. economic outlook, the company revised its revenue guidance to the range of $4.275 billion-$4.325 billion from its previous guidance of $4.25-$4.35 billion. The company also reiterated its earnings guidance of $2.50-$2.58.
Our Take
Cintas continues to deliver organic growth by winning new businesses and selling newer services. Margins at Cintas continue to expand based on cost efficiencies despite headwinds from higher input costs. In the first half of fiscal 2013, operating margin expansion was driven by lower selling, general and administrative expenses (SG&A). Management sees the opportunity for modest SG&A leverage for the balance of fiscal 2013.
So far in fiscal 2013, the company witnessed top-line growth across all the segments except Uniform Direct Sales and the Document Management segments. Results were negatively affected by lower recycle paper prices and weakness in Europe.
If recycled paper price remains low then it may weigh on results going forward. To add to the woes, employment growth has been choppy and disappointing over the past few months and leading indicators of US labor demand are weakening. This raises concern that Cintas uniform segment growth may be affected in the coming quarters.
Cincinnati, Ohio-based Cintas Corporation provides specialized services to businesses of all types throughout North America. The company designs, manufactures, implements corporate identity uniform programs, and provides entrance mats, restroom supplies, promotional products and first aid and safety products for approximately 800,000 businesses.
Cintas competes with ABM Industries Incorporated ( ABM ). The company retains a short-term Zacks #4 Rank (Sell).
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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. | Cintas competes with ABM Industries Incorporated ( ABM ). ABM INDUSTRIES (ABM): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report To read this article on Zacks.com click here. Cintas Corporation ( CTAS ) reported second-quarter fiscal 2013 (ended November 30, 2012) earnings of 63 cents per share, in line with the Zacks Consensus Estimate. | ABM INDUSTRIES (ABM): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report To read this article on Zacks.com click here. Cintas competes with ABM Industries Incorporated ( ABM ). The average price for recycled paper prices was slightly over $150 per ton, a 32% decline from second quarter 2011 average price of just over $220 per ton Cost of rental uniforms and ancillary products increased 7% year over year to $438.9 million and cost of other services rose 6% to $189 million during the quarter. | Cintas competes with ABM Industries Incorporated ( ABM ). ABM INDUSTRIES (ABM): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report To read this article on Zacks.com click here. The average price for recycled paper prices was slightly over $150 per ton, a 32% decline from second quarter 2011 average price of just over $220 per ton Cost of rental uniforms and ancillary products increased 7% year over year to $438.9 million and cost of other services rose 6% to $189 million during the quarter. | Cintas competes with ABM Industries Incorporated ( ABM ). ABM INDUSTRIES (ABM): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report To read this article on Zacks.com click here. The average price for recycled paper prices was slightly over $150 per ton, a 32% decline from second quarter 2011 average price of just over $220 per ton Cost of rental uniforms and ancillary products increased 7% year over year to $438.9 million and cost of other services rose 6% to $189 million during the quarter. |
29696.0 | 2012-12-17 00:00:00 UTC | ABM Industries Incorporated (ABM) Ex-Dividend Date Scheduled for December 19, 2012 | ABM | https://www.nasdaq.com/articles/abm-industries-incorporated-abm-ex-dividend-date-scheduled-december-19-2012-2012-12-17 | nan | nan | ABM Industries Incorporated ( ABM ) has announced an ex-dividend date of December 19, 2012 and a cash dividend payment of $0.15 per share scheduled for December 28, 2012. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.45% increase over the prior quarter. At the current stock price of $20.24, the dividend yield is 2.96%.
The previous trading day's last sale of ABM was $20.24, representing a -17.76% decrease from the 52 week high of $24.61 and a 13.39% increase over the 52 week low of $17.85.
ABM is a part of the Finance sector, which includes companies such as Paychex, Inc. ( PAYX ) and ADT Corporation ( ADT ). ABM's current earnings per share, an indicator of a company's profitability, is $1.14. Zacks Investment Research reports ABM's forecasted earnings growth in 2013 as -.29%, compared to an industry average of 6.3%.
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.
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 stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABM's forecasted earnings growth in 2013 as -.29%, compared to an industry average of 6.3%. For more information on the declaration, record and payment dates, visit the ABM Dividend History page. | ABM Industries Incorporated ( ABM ) has announced an ex-dividend date of December 19, 2012 and a cash dividend payment of $0.15 per share scheduled for December 28, 2012. 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 stock prior to the ex-dividend date are eligible for the cash dividend payment. | ABM Industries Incorporated ( ABM ) has announced an ex-dividend date of December 19, 2012 and a cash dividend payment of $0.15 per share scheduled for December 28, 2012. Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABM was $20.24, representing a -17.76% decrease from the 52 week high of $24.61 and a 13.39% increase over the 52 week low of $17.85. | Shareholders who purchased ABM stock prior to the ex-dividend date are eligible for the cash dividend payment. ABM Industries Incorporated ( ABM ) has announced an ex-dividend date of December 19, 2012 and a cash dividend payment of $0.15 per share scheduled for December 28, 2012. The previous trading day's last sale of ABM was $20.24, representing a -17.76% decrease from the 52 week high of $24.61 and a 13.39% increase over the 52 week low of $17.85. |
29697.0 | 2012-12-11 00:00:00 UTC | ABM Beats Estimates - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-beats-estimates-analyst-blog-2012-12-11 | nan | nan | ABM Industries Inc.'s ( ABM ) fourth quarter fiscal 2012 adjusted earnings of 50 cents per share outpaced the Zacks Consensus Estimate of 40 cents as well as the year-ago quarter's earnings of 37 cents per share. Including one-time items, earnings in the quarter were 50 cents per share compared with 33 cents in the year-ago quarter.
Operational Update
Total revenue inched up 0.8% to $1.09 billion, ahead of the Zacks Consensus Estimate of $1.084 billion. Weak economic conditions and lower government spending affected results in the quarter.
Operating expense rose 1% year over year to $968 million. Selling, general and administrative expenses decreased 3% to $79.6 million. Operating profit increased 10% year over year to $36.7 million in the quarter. Operating margin improved 30 basis points to 3.4% in the quarter.
Segmental Performance
Janitorial: Revenues from the segment increased 1% to $604 million in the quarter. Operating profit increased 4% year over year to $37 million.
Facility Solutions: Revenues from the segment decreased 1% year over year to $238 million, attributable to tight government spending. Operating profit, however, increased 13% year over year to $10.4 million.
Parking: Revenues from the segment inched up 0.4% year over year to $154 million during the quarter. Operating profit in the segment rose 2% year over year to $7.6 million.
Security: Revenues from the segment rose 4% to $93.4 million from the prior-year quarter. Operating profit went up 2% year over year to $3 million.
Fiscal 2012 Performance
Adjusted earnings stood at $1.39 in fiscal 2012, ahead of the Zacks Consensus Estimate of $1.29, but flat compared with the prior year. Including one-time items, fiscal 2012 earnings were $1.14 per share compared with $1.27 in fiscal 2011. Total revenue increased 1.3% to $4.3 billion from $4.2 billion in the prior fiscal.
Financial Position
Cash and cash equivalents of the company as of fiscal 2012 end were $43.4 million, up from $26.5 million as of fiscal 2011 end. Cash flow from operating activities increased to $66.8 million during the year compared with $75 million in the previous year.
Dividend
The board of directors of ABM Industries declared a first quarter 2013 cash dividend of 15 cents per share, payable on December 28, 2012, to stockholders of record as of December 21, 2012.
Our Take
ABM Industries' strategy entails growth through acquisitions. Its recent acquisition of Air Serv Corporation will significantly expand ABM's capabilities in meeting the end-to-end needs of the airlines and airport authorities and is expected to generate over $650 million in annual revenues. This acquisition will augment ABM's aviation capabilities and position the company as the industry leader in this space. Furthermore, the acquisition of HHA Services will fortify ABM Industries' health care capabilities enabling it to reach to a wider customer base.
The dearth of government spending along with weak economic conditions prevailing in the global scenario would weigh on the margins moving forward. Moreover, as the company's Facility Solution segment depends heavily on government contracts, it will likely continue to have a negative impact on its revenues. ABM Industries retains a short-term Zacks #4 Rank (Sell).
San Francisco, California-based ABM Industries provides engineering, janitorial, parking, and security services to thousands of commercial, industrial, institutional, and retail facilities across the U.S. as well as Puerto Rico, British Columbia, and Canada. Rollins Inc. ( ROL ) is a Zacks #2 Rank (Buy) stock in the same industry.
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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. | Its recent acquisition of Air Serv Corporation will significantly expand ABM's capabilities in meeting the end-to-end needs of the airlines and airport authorities and is expected to generate over $650 million in annual revenues. Furthermore, the acquisition of HHA Services will fortify ABM Industries' health care capabilities enabling it to reach to a wider customer base. ABM Industries Inc.'s ( ABM ) fourth quarter fiscal 2012 adjusted earnings of 50 cents per share outpaced the Zacks Consensus Estimate of 40 cents as well as the year-ago quarter's earnings of 37 cents per share. | ABM Industries Inc.'s ( ABM ) fourth quarter fiscal 2012 adjusted earnings of 50 cents per share outpaced the Zacks Consensus Estimate of 40 cents as well as the year-ago quarter's earnings of 37 cents per share. ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. Dividend The board of directors of ABM Industries declared a first quarter 2013 cash dividend of 15 cents per share, payable on December 28, 2012, to stockholders of record as of December 21, 2012. | ABM Industries Inc.'s ( ABM ) fourth quarter fiscal 2012 adjusted earnings of 50 cents per share outpaced the Zacks Consensus Estimate of 40 cents as well as the year-ago quarter's earnings of 37 cents per share. Dividend The board of directors of ABM Industries declared a first quarter 2013 cash dividend of 15 cents per share, payable on December 28, 2012, to stockholders of record as of December 21, 2012. Our Take ABM Industries' strategy entails growth through acquisitions. | ABM Industries Inc.'s ( ABM ) fourth quarter fiscal 2012 adjusted earnings of 50 cents per share outpaced the Zacks Consensus Estimate of 40 cents as well as the year-ago quarter's earnings of 37 cents per share. Dividend The board of directors of ABM Industries declared a first quarter 2013 cash dividend of 15 cents per share, payable on December 28, 2012, to stockholders of record as of December 21, 2012. Our Take ABM Industries' strategy entails growth through acquisitions. |
29698.0 | 2012-12-10 00:00:00 UTC | After-Hours Earnings Report for December 10, 2012 : CASY, ABM, GEF, IRET, TEA, LDR, PPHM, SURG | ABM | https://www.nasdaq.com/articles/after-hours-earnings-report-december-10-2012-casy-abm-gef-iret-tea-ldr-pphm-surg-2012-12 | nan | nan | The following companies are expected to report earnings after hours on 12/10/2012. Visit our Earnings Calendar for a full list of expected earnings releases.
Caseys General Stores, Inc. ( CASY ) is reporting for the quarter ending October 31, 2012. The retail company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.85. This value represents a -13.27% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CASY is 16.77 vs. an industry ratio of 12.80, 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, 2012. The building maintenance & services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.40. This value represents a 8.11% increase compared to the same quarter last year. ABM missed the consensus earnings per share in the 3rd calendar quarter by -11.9%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ABM is 15.16 vs. an industry ratio of 18.00.
Greif Bros. Corporation ( GEF ) is reporting for the quarter ending October 31, 2012. The containers company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.52. This value represents a -18.75% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for GEF is 15.52 vs. an industry ratio of 14.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Investors Real Estate Trust ( IRET ) is reporting for the quarter ending October 31, 2012. The reit company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.17. This value represents a 13.33% increase compared to the same quarter last year. IRET missed the consensus earnings per share in the 4th calendar quarter by -6.25%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for IRET is 12.81 vs. an industry ratio of 14.60.
Teavana Holdings, Inc. ( TEA ) is reporting for the quarter ending October 31, 2012. The food company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.01. This value represents a -150.00% decrease compared to the same quarter last year. In the past year TEA has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for TEA is 27.09 vs. an industry ratio of 48.60.
Landauer, Inc. ( LDR ) is reporting for the quarter ending September 30, 2012. The pollution control company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.56. This value represents a -11.11% decrease compared to the same quarter last year. In the past year LDR has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 35.09%. The "days to cover" for this stock exceeds 17 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for LDR is 23.35 vs. an industry ratio of 9.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Peregrine Pharmaceuticals Inc. ( PPHM ) is reporting for the quarter ending October 31, 2012. The biomedical (gene) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.09. This value represents a -43.75% decrease compared to the same quarter last year. PPHM missed the consensus earnings per share in the 4th calendar quarter by -23.08%. The days to cover, as reported in the 11/15/2012 12:00:00 AM short interest update, increased153.9474 from previous report on10/31/2012 12:00:00 AM Zacks Investment Research reports that the 2013 Price to Earnings ratio for PPHM is -3.57 vs. an industry ratio of 0.70.
Synergetics USA, Inc. ( SURG ) is reporting for the quarter ending October 31, 2012. The medical instruments company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.05. This value represents a no change for the same quarter last year. In the past year SURG has met analyst expectations once and beat the expectations the other two quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SURG is 12.97 vs. an industry ratio of 5.20, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2012. ABM missed the consensus earnings per share in the 3rd calendar quarter by -11.9%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ABM is 15.16 vs. an industry ratio of 18.00. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2012. ABM missed the consensus earnings per share in the 3rd calendar quarter by -11.9%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ABM is 15.16 vs. an industry ratio of 18.00. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2012. ABM missed the consensus earnings per share in the 3rd calendar quarter by -11.9%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ABM is 15.16 vs. an industry ratio of 18.00. | ABM Industries Incorporated ( ABM ) is reporting for the quarter ending October 31, 2012. ABM missed the consensus earnings per share in the 3rd calendar quarter by -11.9%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ABM is 15.16 vs. an industry ratio of 18.00. |
29699.0 | 2012-11-14 00:00:00 UTC | ABM Buys HHA Services - Analyst Blog | ABM | https://www.nasdaq.com/articles/abm-buys-hha-services-analyst-blog-2012-11-14 | nan | nan | ABM Industries Incorporated ( ABM ) recently completed the acquisition of HHA Services, a leading facility management and food provider to different communities. The financial details of the transaction were not disclosed.
Based in St. Clair Shores, Michigan, HHA Services provides food and facility management services to hospitals, health care systems, long-term care facilities and retirement communities. Its line of services encompasses environmental services, plant operations and maintenance as well as food and nutrition.
The acquisition will expand New York-based ABM Industries' presence in the Michigan area. It will also fortify ABM Industries' health care capabilities enabling it to reach to a wider customer base.
ABM Industries' strategy entails growth through acquisitions. Earlier in October, the company announced that it has agreed to acquire Air Serv Corporation to expand its potential in the end-to-end needs of the airlines and airport authorities. ABM Industries will use its cash in hand (of nearly $158 million) to fund the acquisition.
ABM Industries' third-quarter 2012 adjusted earnings of 37 cents per share fell short of the Zacks Consensus Estimate of 42 cents. Total revenues remained flat year over year at $1.08 billion and missed the Zacks Consensus Estimate of $1.09 billion.
As the company heavily depends on acquisitions for growth, its failure to make new acquisitions on a regular basis will inevitably impede its growth. 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 internal growth.
Moreover, dearth of government spending along with weak global economic conditions is expected to weigh on the margins moving forward. ABM Industries depends heavily on government contracts and, as such, any cancellation of these contracts will affect its revenues.
ABM Industries, which belongs to the business services industry, retains a Zacks #5 Rank (Strong Sell). Rollins Inc. ( ROL ) is a Zacks #2 Rank (Buy) stock in the same industry. We have a long-term Neutral recommendation for ABM Industries.
ABM INDUSTRIES (ABM): Free Stock Analysis Report
ROLLINS INC (ROL): 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. | It will also fortify ABM Industries' health care capabilities enabling it to reach to a wider customer base. ABM Industries Incorporated ( ABM ) recently completed the acquisition of HHA Services, a leading facility management and food provider to different communities. The acquisition will expand New York-based ABM Industries' presence in the Michigan area. | ABM Industries Incorporated ( ABM ) recently completed the acquisition of HHA Services, a leading facility management and food provider to different communities. ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. The acquisition will expand New York-based ABM Industries' presence in the Michigan area. | ABM Industries Incorporated ( ABM ) recently completed the acquisition of HHA Services, a leading facility management and food provider to different communities. ABM Industries, which belongs to the business services industry, retains a Zacks #5 Rank (Strong Sell). ABM INDUSTRIES (ABM): Free Stock Analysis Report ROLLINS INC (ROL): Free Stock Analysis Report To read this article on Zacks.com click here. | ABM Industries Incorporated ( ABM ) recently completed the acquisition of HHA Services, a leading facility management and food provider to different communities. The acquisition will expand New York-based ABM Industries' presence in the Michigan area. It will also fortify ABM Industries' health care capabilities enabling it to reach to a wider customer base. |
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