ABM Industries (NYSE:ABM) Releases FY25 Earnings Guidance

ABM Industries (NYSE:ABM) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.60-$3.80 for the period, compared to the consensus earnings per share estimate of $3.66. ABM Industries also updated its FY 2025 guidance to 3.600-3.800 EPS.

ABM Industries Stock Performance

Shares of ABM stock opened at $51.14 on Friday. 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 cap of $3.21 billion, a price-to-earnings ratio of 21.13 and a beta of 1.14. The firm’s 50-day simple moving average is $55.36 and its two-hundred day simple moving average is $53.32. ABM Industries has a 52 week low of $39.64 and a 52 week high of $59.78.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.08 billion. ABM Industries had a return on equity of 12.93% and a net margin of 1.89%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. As a group, equities analysts forecast that ABM Industries will post 3.53 earnings per share for the current year.

ABM Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from ABM Industries’s previous quarterly dividend of $0.23. ABM Industries’s dividend payout ratio is 43.80%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other ABM Industries news, CFO Earl Ray Ellis sold 40,000 shares of ABM Industries 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.04% of the stock is owned by corporate 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.