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

ABM Industries (NYSE:ABM) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.650-3.800 for the period, compared to the consensus estimate of 3.730. The company issued revenue guidance of -.

ABM Industries Stock Up 3.5 %

ABM opened at $47.12 on Friday. The business has a 50 day moving average price of $52.55 and a two-hundred day moving average price of $53.45. ABM Industries has a 52 week low of $41.51 and a 52 week high of $59.78. The company has a market cap of $2.93 billion, a PE ratio of 37.10, a P/E/G ratio of 2.75 and a beta of 1.13. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts anticipate that ABM Industries will post 3.71 EPS for the current year.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries’s dividend payout ratio (DPR) is presently 83.46%.

Analysts Set New Price Targets

Separately, UBS Group reduced their target price on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday.

Insider Transactions at ABM Industries

In related news, COO Rene Jacobsen sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $52.84, for a total value of $528,400.00. Following the sale, the chief operating officer now owns 87,808 shares of the company’s stock, valued at approximately $4,639,774.72. This represents a 10.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Dean A. Chin sold 4,281 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total value of $224,153.16. Following the completion of the sale, the chief accounting officer now directly owns 18,681 shares in the company, valued at approximately $978,137.16. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.90% 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.