ABM Industries (NYSE:ABM) Updates FY25 Earnings Guidance

ABM Industries (NYSE:ABM) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.60-$3.80 for the period, compared to the consensus estimate of $3.66. ABM Industries also updated its FY 2025 guidance to 3.600-3.800 EPS.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group increased their price target on shares of ABM Industries from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Robert W. Baird increased their price target on ABM Industries from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Truist Financial boosted their price objective on shares of ABM Industries from $49.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, September 9th.

ABM Industries Trading Down 8.4 %

ABM opened at $50.32 on Thursday. ABM Industries has a 52 week low of $39.64 and a 52 week high of $59.78. The company has a market capitalization of $3.16 billion, a P/E ratio of 20.79 and a beta of 1.14. The stock’s fifty day moving average is $55.42 and its two-hundred day moving average is $53.36. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.71.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.08 billion. ABM Industries had a net margin of 1.89% and a return on equity of 12.93%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 EPS. Analysts forecast that ABM Industries will post 3.53 earnings per share for the current year.

ABM Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be issued a $0.265 dividend. This is a boost from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, January 2nd. ABM Industries’s dividend payout ratio (DPR) is currently 43.80%.

Insider Buying and Selling

In other ABM Industries news, CFO Earl Ray Ellis sold 40,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $53.96, for a total transaction of $2,158,400.00. Following the completion of the transaction, the chief financial officer now directly owns 45,260 shares in the company, valued at approximately $2,442,229.60. This represents a 46.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.04% of the stock is owned by company insiders.

About ABM Industries

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.