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.

ABM Industries Price Performance

Shares of NYSE ABM opened at $54.91 on Wednesday. The stock’s 50-day simple moving average is $55.37 and its 200-day simple moving average is $53.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $3.45 billion, a PE ratio of 22.69 and a beta of 1.14. ABM Industries has a fifty-two week low of $39.64 and a fifty-two week high of $59.78.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data 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 business had revenue of $2.18 billion during the quarter, compared to the consensus estimate 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 previous year, the firm earned $1.01 EPS. As a group, equities research analysts forecast that ABM Industries will post 3.53 EPS for the current fiscal year.

ABM Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.265 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.93%. This is a boost from ABM Industries’s previous quarterly dividend of $0.23. ABM Industries’s payout ratio is 43.80%.

Analyst Upgrades and Downgrades

ABM has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on shares of ABM Industries from $49.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Truist Financial boosted their price target on shares of ABM Industries from $49.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Finally, UBS Group raised their price objective on shares of ABM Industries from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, September 9th.

Insider Activity at ABM Industries

In related 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 value of $2,158,400.00. Following the sale, the chief financial officer now owns 45,260 shares of the company’s stock, valued at approximately $2,442,229.60. This represents a 46.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.04% of the stock is owned by corporate 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.