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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].
Why Is ABM Industries (ABM) Up 4.4% Since Last Earnings Report?
ZACKS· 2025-01-17 17:31
Core Viewpoint - ABM Industries reported strong fourth-quarter fiscal 2024 results, with earnings and revenues exceeding estimates, indicating positive momentum leading into fiscal 2025 [2][11]. Financial Performance - Earnings per share (EPS) for Q4 fiscal 2024 was 90 cents, surpassing the Zacks Consensus Estimate by 4.7%, although it represented a decline of 10.9% year-over-year [2]. - Total revenues reached $2.2 billion, exceeding the consensus mark by 4.3% and increasing by 4% compared to the previous year [2]. Segmental Revenues - Technical Solutions segment revenues surged by 34.9% year-over-year to $257.4 million, outperforming estimates of $212.2 million, driven by strong microgrid project activity [3]. - Aviation segment revenues rose by 11.4% year-over-year to $276.5 million, exceeding estimates of $250 million, supported by robust travel markets [3]. - Education segment revenues were $230 million, showing a marginal increase year-over-year but slightly missing estimates [4]. - Manufacturing & Distribution segment revenues decreased to $387.7 million, slightly surpassing expectations, influenced by client rebalancing [5]. - Business & Industry segment revenues declined slightly year-over-year to $1 billion, exceeding estimates of $991.9 million [5]. Profitability Metrics - Adjusted EBITDA for Q4 was $128 million, down 11% from the previous year, with an adjusted EBITDA margin of 6.2%, a decrease of 60 basis points year-over-year [6]. Balance Sheet & Cash Flow - At the end of Q4 fiscal 2024, cash and cash equivalents stood at $64.6 million, down from $86.3 million in the previous quarter [7]. - Long-term debt remained stable at $1.3 billion, while net cash generated from operating activities was $30.3 million, and free cash flow amounted to $15.5 million [7]. Future Guidance - The company raised its EPS guidance for fiscal 2025 to a range of $3.6-$3.8, up from the previous estimate of $3.48-$3.55 [8]. Market Sentiment - Recent estimates for ABM Industries have trended upward, reflecting positive market sentiment and expectations for above-average returns in the coming months [9][11]. - The stock currently holds a strong Growth Score of A and a value grade of A, placing it in the top 20% for investment strategies [10].
Here's Why Investors Should Consider Buying ABM Stock Right Now
ZACKS· 2025-01-15 17:01
Core Viewpoint - ABM Industries has shown strong performance over the past year, with potential to maintain its momentum in the near term [1] Performance Summary - ABM's stock has increased by 31% over the past year, outperforming the industry average of 14% and the Zacks S&P 500 composite's rise of 25.4% [2] Financial Metrics - The Zacks Consensus Estimate for ABM's fiscal 2025 revenues is $8.6 billion, reflecting a year-over-year increase of 2.5%. For fiscal 2026, the estimate is $8.9 billion, indicating a growth of 3.3% [6] - The consensus estimate for fiscal 2025 earnings is $3.7 per share, suggesting a year-over-year rise of 3.9%. For fiscal 2026, the estimate is $4.1, implying a growth of 10.6% [6] Earnings Performance - ABM has a positive earnings surprise history, exceeding the Zacks Consensus Estimate in the past four quarters with an average surprise of 11.6% [5] Strategic Initiatives - The company launched the ELEVATE strategic plan in 2021, aimed at enhancing its industry leadership and expanding core offerings [7][8] - In 2024, ABM introduced ABM Clean, an AI-based application for the aviation sector, and ABM Performance Solutions, a tech-driven service that integrates data for improved client results [9] Shareholder Returns - ABM distributed dividends of $51.9 million, $57.5 million, and $56.5 million in fiscal years 2022, 2023, and 2024, respectively. Additionally, share repurchases amounted to $97.5 million, $138.1 million, and $56.1 million during the same period [10]
ABM Industries (ABM): Strong Industry, Solid Earnings Estimate Revisions
ZACKS· 2025-01-13 16:16
Company Overview - ABM Industries Incorporated (ABM) is positioned as an intriguing investment choice due to solid earnings estimate revisions and a favorable Zacks Industry Rank [1][3]. - The company has experienced positive earnings estimate revisions, indicating increased analyst confidence in its short and long-term prospects [3][4]. Industry Analysis - The Building Products - Maintenance Service industry is currently ranked 11 out of over 250 industries by Zacks, suggesting a strong position relative to other segments [2]. - A rising trend in this industry is likely benefiting multiple companies, indicating a broad positive movement within the sector [2]. Earnings Estimates - Over the past month, ABM's current quarter earnings estimates increased from $0.76 to $0.79 per share, while current year estimates rose from $3.65 to $3.71 per share [4]. - These revisions have contributed to ABM earning a Zacks Rank 2 (Buy), highlighting its solid market position [4][5].