ABM Industries Can Still Grind Higher [Seeking Alpha]
ABM Industries Incorporated (ABM)
Last abm industries incorporated earnings: 3/4 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
investor.abm.com/investor-relations
Company Research
Source: Seeking Alpha
Summary ABM Industries ( ABM ) stock went from $44 in December to $28 by late May - due almost solely to concerns about the impact of rising labor costs on the company's thin margins. A five-year plan, named Vision 2020, was supposed to organically move the services provider's EBITDA margins from 4% to 5%. Last year's acquisition of GCA Services added to those efforts. But starting with disappointing guidance following fiscal Q4 results back in December, investors clearly have been worried that a tight labor market will offset most, if not all, of the benefits of the organic and inorganic improvements. The concerns admittedly are reasonable. ABM had to cut full-year EPS guidance after Q2, and has cited ~60 bps of incremental EBITDA margin pressure from higher labor costs. But with the stock at $30 in June, I argued the sell-off had gone too far , and saw a path for a nice bounce to $35. With some help from Q3 results this month, that story has played out: sour
Show less
Read more
Impact Snapshot
Event Time:
ABM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ABM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ABM alerts
High impacting ABM Industries Incorporated news events
Weekly update
A roundup of the hottest topics
ABM
News
- ABM Honored as a 2024 VETS Indexes 3 Star EmployerGlobeNewswire
- ABM Helps County Prioritize Health and Safety with $1.8 Million Projected SavingsGlobeNewswire
- Pizza City Fest Los Angeles Bringing 40+ Pizzerias and More to L.A. Live, April 27-28, 2024 [Yahoo! Finance]Yahoo! Finance
- Global Cleaning Services Market Size To Worth USD 729.47 Billion By 2033 | CAGR of 6.50% [Yahoo! Finance]Yahoo! Finance
- Those who invested in ABM Industries (NYSE:ABM) five years ago are up 35% [Yahoo! Finance]Yahoo! Finance
ABM
Earnings
- 3/7/24 - Beat
ABM
Sec Filings
- 3/27/24 - Form 8-K
- 3/26/24 - Form 4
- 3/25/24 - Form 4
- ABM's page on the SEC website