ABM Industries (NYSE:ABM) Posts Earnings Results, Misses Expectations By $0.01 EPS

ABM Industries (NYSE:ABM) released its quarterly earnings data on Friday. The business services provider reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01), RTT News reports. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the firm posted $0.87 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. ABM Industries updated its FY 2025 guidance to 3.650-3.800 EPS.

ABM Industries Stock Down 9.1%

NYSE:ABM traded down $4.67 during mid-day trading on Friday, reaching $46.59. The stock had a trading volume of 3,248,759 shares, compared to its average volume of 500,051. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.83. ABM Industries has a 1-year low of $40.85 and a 1-year high of $59.78. The stock’s 50 day simple moving average is $48.99 and its two-hundred day simple moving average is $51.25. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 2.28%. ABM Industries’s dividend payout ratio (DPR) is presently 84.13%.

Insider Buying and Selling at ABM Industries

In other ABM Industries news, CEO Scott B. Salmirs sold 37,065 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.37, for a total transaction of $1,941,094.05. Following the completion of the sale, the chief executive officer now directly owns 369,656 shares in the company, valued at $19,358,884.72. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean Michael Mahoney sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $50.03, for a total transaction of $90,054.00. Following the transaction, the executive vice president now owns 47,425 shares of the company’s stock, valued at approximately $2,372,672.75. This represents a 3.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,374 shares of company stock worth $2,733,303 over the last ninety days. Company insiders own 0.90% of the company’s stock.

Institutional Trading of ABM Industries

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of ABM Industries by 0.4% during 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ABM Industries by 2.7% during 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 acquiring an additional 984 shares during the period. Millennium Management LLC lifted its holdings in shares of ABM Industries by 2.2% during the 1st quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock worth $3,767,000 after acquiring an additional 1,734 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in ABM Industries by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,038 shares of the business services provider’s stock valued at $8,527,000 after purchasing an additional 8,704 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in 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 valued at $6,640,000 after purchasing an additional 119,942 shares during the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group cut their price objective on ABM Industries from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Wall Street Zen cut ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 31st.

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.