ABM Industries (NYSE:ABM) Releases FY 2025 Earnings Guidance

ABM Industries (NYSE:ABM) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.600-3.800 for the period, compared to the consensus estimate of 3.660. The company issued revenue guidance of -. ABM Industries also updated its FY25 guidance to $3.60-$3.80 EPS.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ABM. UBS Group raised their price objective on shares of ABM Industries from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird raised their price objective on ABM Industries from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Truist Financial boosted their target price on ABM Industries from $49.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, September 9th.

ABM Industries Price Performance

NYSE ABM opened at $51.14 on Friday. The company has a 50 day simple moving average of $55.36 and a 200-day simple moving average of $53.32. ABM Industries has a 52-week low of $39.64 and a 52-week high of $59.78. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 21.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.38 and a quick ratio of 1.38.

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

ABM Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.265 per share. This is a positive change from ABM Industries’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.06 annualized dividend and a dividend yield of 2.07%. ABM Industries’s dividend payout ratio is 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 that occurred on Monday, October 14th. The stock was sold at an average price of $53.96, for a total transaction of $2,158,400.00. Following the completion of the sale, the chief financial officer now owns 45,260 shares of the company’s stock, valued at $2,442,229.60. This represents a 46.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.04% of the stock is currently owned by corporate insiders.

ABM Industries Company Profile

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.