ABM Industries (NYSE:ABM) Announces Earnings Results

ABM Industries (NYSE:ABM) released its earnings results on Wednesday. The business services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03, RTT News reports. ABM Industries had a net margin of 1.89% and a return on equity of 12.93%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the company posted $1.01 EPS. The business’s revenue was up 4.0% on a year-over-year basis. ABM Industries updated its FY 2025 guidance to 3.600-3.800 EPS and its FY25 guidance to $3.60-$3.80 EPS.

ABM Industries Trading Down 3.3 %

NYSE ABM opened at $54.91 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $3.45 billion, a P/E ratio of 22.69 and a beta of 1.14. The firm’s 50-day moving average is $55.37 and its two-hundred day moving average is $53.30. ABM Industries has a 12 month low of $39.64 and a 12 month high of $59.78.

ABM Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be issued a $0.265 dividend. This is a positive change from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, January 2nd. ABM Industries’s payout ratio is 43.80%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Truist Financial upped their target price on ABM Industries from $49.00 to $55.00 and gave the company a “hold” rating in a report on Monday, September 9th. UBS Group upped their price objective 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. Finally, Robert W. Baird boosted their target price on shares of ABM Industries from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, September 9th.

Insider Buying and Selling at ABM Industries

In other ABM Industries news, CFO Earl Ray Ellis sold 40,000 shares of ABM Industries stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $53.96, for a total value of $2,158,400.00. Following the completion of the transaction, the chief financial officer now directly owns 45,260 shares of the company’s stock, valued at $2,442,229.60. The trade was a 46.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.04% of the company’s stock.

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.