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

ABM Industries (NYSE:ABM) updated its FY 2025 earnings guidance on Friday. The company provided earnings per share guidance of 3.650-3.800 for the period, compared to the consensus earnings per share estimate of 3.770. The company issued revenue guidance of -.

Analysts Set New Price Targets

ABM has been the topic of several research analyst reports. UBS Group cut their price target on ABM Industries from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Wall Street Zen cut shares of ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 31st.

ABM Industries Stock Down 9.1%

Shares of NYSE ABM opened at $46.59 on Friday. ABM Industries has a 1 year low of $40.85 and a 1 year high of $59.78. The firm’s 50 day moving average price is $48.99 and its 200 day moving average price is $51.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $2.90 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.83.

ABM Industries (NYSE:ABM) last issued its earnings results on Friday, June 6th. The business services provider reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.07 billion. ABM Industries had a net margin of 0.97% and a return on equity of 12.48%. ABM Industries’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS. As a group, sell-side analysts anticipate that ABM Industries will post 3.71 earnings per share for the current year.

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 paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.28%. ABM Industries’s dividend payout ratio is presently 84.13%.

Insider Buying and Selling

In other news, EVP Sean Michael Mahoney sold 1,800 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $50.03, for a total value of $90,054.00. Following the sale, the executive vice president now owns 47,425 shares in the company, valued at approximately $2,372,672.75. This represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott B. Salmirs sold 37,065 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.37, for a total value of $1,941,094.05. Following the sale, the chief executive officer now directly owns 369,656 shares in the company, valued at approximately $19,358,884.72. This represents a 9.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,374 shares of company stock valued at $2,733,303. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On ABM Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its position in ABM Industries by 0.4% in the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock worth $4,100,000 after buying an additional 312 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ABM Industries by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider’s stock valued at $1,752,000 after buying an additional 984 shares in the last quarter. Millennium Management LLC grew its stake in ABM Industries by 2.2% during the 1st quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock valued at $3,767,000 after acquiring an additional 1,734 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of ABM Industries by 5.1% during 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 acquiring an additional 8,704 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in ABM Industries in the first quarter valued at about $477,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

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.