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

ABM Industries (NYSE:ABM) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share guidance of 3.650-3.800 for the period, compared to the consensus earnings per share estimate of 3.770. The company issued revenue guidance of -.

ABM Industries Price Performance

ABM stock opened at $46.59 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. ABM Industries has a 52 week low of $40.85 and a 52 week high of $59.78. The firm’s fifty day moving average is $48.99 and its 200 day moving average is $51.28. The firm has a market cap of $2.90 billion, a P/E ratio of 36.69, a P/E/G ratio of 2.75 and a beta of 0.83.

ABM Industries (NYSE:ABM) last released its earnings results on Friday, June 6th. The business services provider reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). ABM Industries had a net margin of 0.97% and a return on equity of 12.48%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the business posted $0.87 EPS. ABM Industries’s revenue for the quarter was up 4.6% on a year-over-year basis. Research analysts predict that ABM Industries will post 3.71 earnings per share for the current year.

ABM Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.28%. ABM Industries’s dividend payout ratio is currently 84.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ABM shares. Wall Street Zen lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 31st. UBS Group dropped their price target on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th.

Insider Buying and Selling at ABM Industries

In other ABM Industries news, EVP Sean Michael Mahoney sold 1,800 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $50.03, for a total transaction of $90,054.00. Following the completion of the sale, the executive vice president now owns 47,425 shares of the company’s stock, valued at $2,372,672.75. This represents a 3.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Scott B. Salmirs sold 800 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $52.09, for a total transaction of $41,672.00. Following the sale, the chief executive officer now directly owns 418,856 shares of the company’s stock, valued at $21,818,209.04. The trade was a 0.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,374 shares of company stock valued at $2,733,303 in the last quarter. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On ABM Industries

Institutional investors have recently added to or reduced their stakes in the company. Focus Partners Wealth purchased a new stake in shares of ABM Industries in the 1st quarter worth about $477,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of ABM Industries by 2.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider’s stock worth $1,752,000 after purchasing an additional 984 shares during the period. Millennium Management LLC lifted its position in shares of ABM Industries by 2.2% in the 1st quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock worth $3,767,000 after purchasing an additional 1,734 shares during the period. Royal Bank of Canada lifted its position in shares of ABM Industries by 0.4% in the 1st quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock worth $4,100,000 after purchasing an additional 312 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of ABM Industries by 592.0% in the 1st quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock worth $6,640,000 after purchasing an additional 119,942 shares during the period. Hedge funds and other institutional investors own 91.62% of the company’s stock.

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.