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 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 Trading Up 1.6 %

NYSE:ABM opened at $51.14 on Friday. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 21.13 and a beta of 1.14. The business’s 50-day moving average price is $55.36 and its two-hundred day moving average price is $53.32. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71. ABM Industries has a 1-year low of $39.64 and a 1-year high of $59.78.

ABM Industries (NYSE:ABM) last posted its earnings results 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 company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.08 billion. ABM Industries had a net margin of 1.89% and a return on equity of 12.93%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.01 earnings per share. On average, equities analysts expect that ABM Industries will post 3.53 earnings per share for the current year.

ABM Industries Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Activity at ABM Industries

In other news, CFO Earl Ray Ellis sold 40,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $53.96, for a total transaction of $2,158,400.00. Following the completion of the transaction, the chief financial officer now owns 45,260 shares of the company’s stock, valued at approximately $2,442,229.60. The trade was a 46.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.04% of the stock is owned by 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.