Truist initiated coverage on ABM Industries with a new price target
$ABM
Diversified Commercial Services
Finance
Truist initiated coverage of ABM Industries with a rating of Hold and set a new price target of $43.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2023 | $43.00 | Hold | Truist |
| 9/8/2023 | $65.00 → $43.00 | Buy → Hold | Deutsche Bank |
| 9/7/2023 | Outperform → Mkt Perform | William Blair | |
| 6/1/2023 | $48.00 | Neutral | UBS |
| 3/9/2023 | $52.00 → $51.00 | Outperform → Neutral | Robert W. Baird |
| 6/21/2022 | $50.00 | Neutral → Outperform | Robert W. Baird |
| 3/30/2022 | $62.00 | Buy | Deutsche Bank |
| 12/21/2021 | $60.00 → $55.00 | Overweight | Keybanc |
Truist initiated coverage of ABM Industries with a rating of Hold and set a new price target of $43.00
Deutsche Bank downgraded ABM Industries from Buy to Hold and set a new price target of $43.00 from $65.00 previously
William Blair downgraded ABM Industries from Outperform to Mkt Perform
Revenue up 2.2% to $2.1 billion, including organic growth of 1.6%Net income of $43.6 million and earnings per diluted share of $0.69, versus $44.7 million and $0.70 in the prior year, respectively Adjusted net income of $55.3 million and adjusted earnings per diluted share of $0.87, as compared to $54.8 million, or $0.86 in the prior year, respectivelyAdjusted EBITDA of $120.6 million versus $116.7 million in the prior yearIncreases lower end of fiscal 2025 adjusted EPS outlook by $0.05, now projecting full year adjusted EPS between $3.65 to $3.80 (1) NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced financial results fo
NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced the successful expansion and extension of its senior secured credit agreement. The expanded credit facility now totals $2.2 billion, comprising a $1.6 billion revolving credit facility and a $600 million amortizing term loan, with a maturity date of February 26, 2030. The amended facility replaces ABM's prior credit agreement, which was scheduled to mature on June 28, 2026. The previous facility totaled $1.95 billion, consisting of a $1.3 billion revolving credit facility and a $650 million amortizing term loan. Prior to the amendment, the outstanding balance on the exis
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced that it will release its financial results for the Company's fiscal first quarter 2025 on Wednesday, March 12, 2025, before market open. ABM will host its quarterly conference call for all interested parties on Wednesday, March 12, 2025, at 8:30 AM (ET). The live conference call can be accessed via audio webcast at the ‘Investors' section of the Company's website, www.abm.com, or by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) approximately 15 minutes prior to the scheduled time. A supplemental presentation will accompany the webcast on the Company'
10-Q - ABM INDUSTRIES INC /DE/ (0000771497) (Filer)
8-K - ABM INDUSTRIES INC /DE/ (0000771497) (Filer)
8-K - ABM INDUSTRIES INC /DE/ (0000771497) (Filer)
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4 - ABM INDUSTRIES INC /DE/ (0000771497) (Issuer)
4 - ABM INDUSTRIES INC /DE/ (0000771497) (Issuer)
Revenue up 2.2% to $2.1 billion, including organic growth of 1.6%Net income of $43.6 million and earnings per diluted share of $0.69, versus $44.7 million and $0.70 in the prior year, respectively Adjusted net income of $55.3 million and adjusted earnings per diluted share of $0.87, as compared to $54.8 million, or $0.86 in the prior year, respectivelyAdjusted EBITDA of $120.6 million versus $116.7 million in the prior yearIncreases lower end of fiscal 2025 adjusted EPS outlook by $0.05, now projecting full year adjusted EPS between $3.65 to $3.80 (1) NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced financial results fo
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced that it will release its financial results for the Company's fiscal first quarter 2025 on Wednesday, March 12, 2025, before market open. ABM will host its quarterly conference call for all interested parties on Wednesday, March 12, 2025, at 8:30 AM (ET). The live conference call can be accessed via audio webcast at the ‘Investors' section of the Company's website, www.abm.com, or by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) approximately 15 minutes prior to the scheduled time. A supplemental presentation will accompany the webcast on the Company'
Revenue of $2.2 billion in the fourth quarter, including 3.2% organic growth Net loss of $11.7 million and GAAP loss per share of $0.19 in the fourth quarter, largely reflecting a $59.7 million adjustment to the RavenVolt acquisition cash earn-out Adjusted EBITDA of $128.0 million in the fourth quarter Adjusted EPS of $0.90 in the fourth quarterRepurchased $32.0 million of common stock in the fourth quarter and $55.8 million for full fiscal 2024Raises quarterly dividend 18%, as previously announcedFiscal 2025 adjusted earnings per share expected to be in range of $3.60 to $3.80 (1) NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today
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NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), one of the world's largest providers of integrated facility services, infrastructure solutions and parking management, today announced the appointment of Miranda Tolar as Executive Vice President and General Counsel effective January 1, 2025. In this critical role for the Company, Tolar will oversee the legal, compliance, risk and safety organization, succeeding Andrea Newborn who recently announced her retirement. Newborn will remain with the company through a transition period ending in February 2025. First joining ABM in 2011, Tolar most recently served as Senior Vice President and Deputy General Counsel overseeing l
UGI Corporation (NYSE:UGI) announced today that Melanie Ruiz and David Bingenheimer were appointed as directors of UGI Corporation, effective November 1, 2024. Ms. Ruiz serves as Chief Information and Technology Officer for ABM Industries (NYSE:ABM), a position she has held since joining ABM in 2020. ABM is one of the world's largest providers of integrated facility solutions that includes janitorial, engineering, parking, electrical & lighting, energy solutions, HVAC & mechanical, landscape & turf, and mission critical solutions. Ms. Ruiz's responsibilities at ABM Industries include leading ABM's enterprise-wide technology strategy and operations as well as ABM's robust cybersecurity and
NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management, today announced it has been named one of Selling Power Magazine's 60 Best Companies to Sell For in 2024. This is the third consecutive year ABM has been named to the list, recognizing the top companies leading in the alignment of people, processes, and technologies to create effective sales cultures. "We are honored to once again be recognized as one of the best companies to sell for, reflecting our industry-leading sales culture across ABM," said Sean Mahoney, EVP, Sales and Marketing at ABM. "A key pillar of ABM's ELEVATE strat