ABM Industries(ABM)

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ABM to Announce First Quarter 2025 Financial Results
GlobeNewswire News Room· 2025-02-26 13:00
Core Points - ABM will release its financial results for the fiscal first quarter 2025 on March 12, 2025, before market open [1] - A quarterly conference call will be held on the same day at 8:30 AM (ET) for interested parties [2] - A replay of the conference call will be available approximately three hours after the live event and can be accessed until March 26, 2025 [3] Company Overview - ABM is one of the largest providers of integrated facility, engineering, and infrastructure solutions globally [4] - The company has over 100,000 team members and generates over $8 billion in annual revenue [5] - ABM serves various market sectors, including commercial real estate, aviation, mission critical, and manufacturing and distribution [5]
Aben Minerals Management to Examine Forrest Kerr Gold Project
GlobeNewswire· 2025-02-20 12:00
Core Viewpoint - Aben Minerals Ltd. is reviewing data from the Forrest Kerr Gold Project due to recent developments from adjacent companies, Skeena and Seabridge Gold, which may impact the project's potential [1][2]. Company Overview - Aben Minerals is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia, including the 7,400-hectare Justin Gold Project and the Forrest Kerr Gold Project [3][4]. - The company aims to increase shareholder value through new discoveries and development in geopolitically favorable jurisdictions, with 23.2 million shares outstanding [4]. Recent Developments - The company has had successful drill intercepts at the Boundary Zone of the Forrest Kerr Gold Project, including an average of 1.20 g/t Au, 1.80 g/t Ag, and 0.21% Cu over 122.0 m in drill hole FK17-05 [2]. - The President and CEO, Riley Trimble, highlighted the significance of the region for the Canadian metals industry over the next 20 years and expressed confidence in adding value through the Forrest Kerr Project [2].
5 Broker-Loved Stocks to Keep an Eye on After Recent Analyst Upgrades
ZACKS· 2025-02-18 13:36
Market Overview - The year 2024 has been highly beneficial for investors, with the S&P 500 Index increasing by over 20% [1] - Manufacturing activity data for January shows a manufacturing PMI of 50.9, the highest since September 2022, indicating a positive demand scenario [1] - The decline in inflation and subsequent Federal Reserve rate cuts have contributed to this optimistic outlook [1] - The return of Donald Trump as President has further fueled investor confidence [1] Stock Recommendations - Investors are encouraged to monitor broker-friendly stocks such as Dana (DAN), Camping World (CWH), ABM Industries (ABM), Cardinal Health (CAH), and DXC Technology (DXC) [2] - A screening process has been established to identify stocks with improving broker recommendations and upward revisions in earnings estimates over the past four weeks [3] Screening Criteria - The screening criteria include: - Top 75 companies with net upgrades in broker ratings over the last four weeks [4] - Top 10 stocks with upward revisions in earnings estimates for the upcoming quarter [4] - Companies in the bottom 10% of price-to-sales ratio, ensuring better valuation [5] - Stocks priced above $5 and with an average daily volume exceeding 100,000 shares over the last 20 trading days [5] - Top 3000 stocks by market capitalization [6] Company Insights - **Dana (DAN)**: A provider of power conveyance and energy-management solutions, currently holds a Zacks Rank 1 (Strong Buy) with a 15.4% upward revision in earnings estimates for 2025 over the past 60 days [6][7] - **Camping World (CWH)**: Engaged in retailing recreational vehicles, holds a Zacks Rank 2 (Buy) and has outperformed earnings estimates in two of the last four quarters with an average beat of 16.6% [8][9] - **ABM Industries (ABM)**: Provides integrated facility solutions and has a Zacks Rank 2, with earnings surpassing estimates in the last four quarters, averaging an 11.6% beat [9][10] - **Cardinal Health (CAH)**: A nationwide drug distributor with a Zacks Rank 2, expected earnings growth rate of 5.3% for the current year, and a 1.4% improvement in earnings estimates over the last 60 days [11] - **DXC Technology (DXC)**: Benefiting from digital business strength and partnerships, holds a Zacks Rank 3 (Hold) with a 5.4% increase in earnings estimates over the past 60 days and an average earnings beat of 22.2% [12]
ABM Launches New Brand Platform Reinforcing Transformation as an Innovative and Tech-Enabled Solutions Provider
GlobeNewswire· 2025-02-11 13:00
Core Perspective - ABM has launched a new brand platform titled "Driving possibility, together," emphasizing its transformation into an innovative, tech-enabled solutions provider focused on modernizing infrastructure and enhancing client experiences [1][3][11] Company Overview - Founded in 1909, ABM has grown to employ over 100,000 team members and serves more than half of the FORTUNE 500, as well as major airports and universities [4][11] - The company generates over $8 billion in annual revenue, delivering integrated facility, engineering, and infrastructure solutions [11] Brand Transformation - The new brand platform reflects ABM's commitment to operational excellence, workforce enablement, and measurable client value, aligning with the evolving demands of facility operations [2][5] - The brand positioning is built on four core pillars aimed at delivering actionable solutions across various industries, including commercial real estate, aviation, education, and manufacturing [5][6] Technological Advancements - ABM is integrating data-driven smart building platforms and energy resilience solutions, such as microgrids and eMobility, to enhance facility efficiency and connectivity [6][9] - The company is deploying AI and machine learning to prototype new technologies, applying data-driven insights to anticipate client needs and improve operational efficiencies [9] Client Engagement - The theme "Driving possibility, together" underscores ABM's collaborative approach to addressing complex client challenges and fostering long-term partnerships [7][8] - A multifaceted marketing campaign and a reimagined website will support the brand launch, along with ABM Perspectives, a digital hub for insights and best practices [8] Commitment to Sustainability - ABM is focused on advancing sustainability through energy efficiency, electrification, and waste reduction strategies, supporting clients' environmental goals [9]
Aben Minerals Closes Over Subscribed Private Placement
GlobeNewswire· 2025-02-07 00:19
Core Viewpoint - Aben Minerals Ltd. has successfully closed a non-brokered private placement financing, raising total gross proceeds of CAD $316,000 to support exploration and working capital [1][4]. Financing Details - The company issued 4,514,286 units at a price of CAD $0.07 per unit, with each unit consisting of one common share and one full warrant [2]. - Each warrant allows the holder to purchase one common share for two years at a price of CAD $0.10 per share [2]. - Finder's fees of CAD $2,940 were paid, along with the issuance of 42,000 finder's warrants, which are also exercisable into one common share at CAD $0.10 for two years [3]. Use of Proceeds - The proceeds from the private placement will be allocated towards exploration expenditures and general working capital [4]. Related Party Transaction - A portion of the private placement is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Company Overview - Aben Minerals is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia, including the 7,400-hectare Justin Gold Project and the Forrest Kerr Gold Project [6]. - The company's objective is to enhance shareholder value through new discoveries and the development of exploration projects in geopolitically favorable regions [7].
Why ABM Industries (ABM) is a Great Dividend Stock Right Now
ZACKS· 2025-02-05 17:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yiel ...
Here's Why ABM Industries (ABM) is a Strong Value Stock
ZACKS· 2025-01-24 15:41
Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1][2] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [3] Value Score - The Value Style Score focuses on identifying undervalued stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Style Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Style Score evaluates stocks based on price trends and earnings outlook changes, helping investors identify optimal buying opportunities [5] VGM Score - The VGM Score combines Value, Growth, and Momentum Scores, serving as a comprehensive indicator for stock selection alongside the Zacks Rank [6] Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] Stock Selection Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [10] - Stocks with a 3 (Hold) rank should also have Style Scores of A or B to ensure potential upside [10] Company Spotlight: ABM Industries - ABM Industries, a provider of integrated facility solutions, holds a Zacks Rank of 2 (Buy) and a VGM Score of A [12] - The company has a forward P/E ratio of 14.19, indicating attractive valuation metrics for value investors [12] - Recent upward revisions in earnings estimates for fiscal 2025 have increased the Zacks Consensus Estimate to $3.71 per share, with an average earnings surprise of 11.6% [13]
5 Broker-Loved Stocks to Monitor Amid Signs of Slowing Inflation
ZACKS· 2025-01-21 14:25
Core Insights - The favorable December inflation reading has alleviated investor concerns regarding potential interest rate cuts by the Federal Reserve, coinciding with a strong start to the fourth-quarter 2024 earnings season [1] Group 1: Investment Opportunities - Investors are encouraged to leverage the current market conditions to build a winning portfolio, with broker-favorite stocks such as National Vision Holdings (EYE), Cencora (COR), ABM Industries (ABM), Arrow Electronics (ARW), and Bunge Global (BG) highlighted as key focuses [2] - A screening process has been established to identify stocks based on improving broker recommendations and upward revisions in earnings estimates over the past four weeks, incorporating the price/sales ratio as a complementary valuation metric [3] Group 2: Screening Criteria - The screening criteria include identifying the top 75 companies with net upgrades in broker ratings over the last four weeks, the top 10 stocks with earnings estimate revisions, and the bottom 10% of stocks based on the price-to-sales ratio [4] - Additional criteria include stocks priced above $5, an average daily trading volume greater than 100,000 shares over the last 20 trading days, and a market value ranking in the top 3000 [5] Group 3: Company Highlights - National Vision is recognized as a leading optical retailer, utilizing remote medicine technology to enhance operational efficiency and patient experience, with an average earnings surprise of 93.7% over the last four quarters [6][7] - Cencora has shown solid organic revenue growth, particularly through its World Courier unit, with an average earnings surprise of 7% over the last four quarters [7][8] - ABM Industries, a provider of integrated facility solutions, has consistently surpassed earnings estimates with an average beat of 11.6% and has launched initiatives to drive organic growth [8][9] - Arrow Electronics has a strong acquisition history, enhancing its service offerings, and has achieved an average earnings surprise of 11.8% over the last four quarters [9][10] - Bunge Global, focused on connecting farmers to consumers, has an average earnings surprise of 13.4% over the last four quarters, demonstrating a solid performance despite one miss [10][11]
Why ABM Industries (ABM) is a Top Dividend Stock for Your Portfolio
ZACKS· 2025-01-20 17:46
Company Overview - ABM Industries is headquartered in New York and operates in the Business Services sector, specifically providing cleaning and maintenance services for commercial buildings, hospitals, and airports [3] - The stock has experienced a price change of 3.73% so far this year [3] Dividend Information - ABM Industries currently pays a dividend of $0.26 per share, resulting in a dividend yield of 2%, which is higher than the Building Products - Maintenance Service industry's yield of 0.72% and the S&P 500's yield of 1.51% [3] - The company's annualized dividend of $1.06 has increased by 17.8% from the previous year [4] - Over the past 5 years, ABM Industries has raised its dividend 4 times, averaging an annual increase of 5.31% [4] - The current payout ratio is 25%, indicating that the company pays out 25% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate for ABM's earnings is $3.71 per share, reflecting a year-over-year growth rate of 3.92% [5] Investment Appeal - ABM Industries is considered a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 2 (Buy) [7]
Aben Minerals Announces Private Placement
GlobeNewswire· 2025-01-20 12:00
Core Viewpoint - Aben Minerals Ltd. has announced a non-brokered private placement of up to 4,500,000 units at a price of CAD $0.07 per unit, aiming for gross proceeds of up to CAD $315,000 to fund exploration and working capital [1][3]. Group 1: Private Placement Details - Each unit consists of one common share and one transferable warrant, allowing the holder to purchase an additional common share for two years at CAD $0.10 per share [2]. - The private placement is subject to approval from the TSX Venture Exchange, with all securities under a four-month-and-one-day hold period [3]. Group 2: Company Overview - Aben Minerals is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia, including the 7,400-hectare Justin Gold Project and the Forrest Kerr Gold Project [4]. - The company's goal is to enhance shareholder value through new discoveries and development in geopolitically favorable areas [5]. - Aben Minerals has 18.7 million shares outstanding [5].