ABM Industries (NYSE:ABM) Updates FY25 Earnings Guidance

ABM Industries (NYSE:ABM) issued an update on its FY25 earnings guidance on Wednesday morning. 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.

ABM Industries Price Performance

NYSE:ABM opened at $54.91 on Wednesday. ABM Industries has a 52 week low of $39.64 and a 52 week high of $59.78. The stock’s fifty day moving average is $55.37 and its two-hundred day moving average is $53.30. The company has a market capitalization of $3.45 billion, a P/E ratio of 22.69 and a beta of 1.14. 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 issued its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. ABM Industries had a return on equity of 12.93% and a net margin of 1.89%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the company earned $1.01 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts expect that ABM Industries will post 3.53 EPS for the current year.

ABM Industries Increases Dividend

The business also recently disclosed 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 positive change from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, January 2nd. ABM Industries’s dividend payout ratio is currently 43.80%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CFO Earl Ray Ellis sold 40,000 shares of ABM Industries stock in a transaction that occurred on Monday, October 14th. The shares were 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 owns 45,260 shares in the company, valued at $2,442,229.60. The trade was a 46.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.04% of the stock is owned by company 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.