William Blair Predicts Stronger Earnings for ABM Industries

ABM Industries Incorporated (NYSE:ABM - Free Report) - Equities researchers at William Blair increased their FY2025 earnings estimates for shares of ABM Industries in a report issued on Wednesday, March 12th. William Blair analyst T. Mulrooney now anticipates that the business services provider will post earnings of $3.73 per share for the year, up from their previous forecast of $3.69. The consensus estimate for ABM Industries' current full-year earnings is $3.71 per share. William Blair also issued estimates for ABM Industries' FY2026 earnings at $4.15 EPS.

Separately, UBS Group reduced their target price on shares of ABM Industries from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th.

ABM Industries Price Performance

Shares of ABM Industries stock traded down $0.74 during trading hours on Friday, reaching $46.95. The company's stock had a trading volume of 356,362 shares, compared to its average volume of 467,449. The firm has a 50 day moving average price of $52.31 and a 200-day moving average price of $53.24. ABM Industries has a one year low of $42.28 and a one year high of $59.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $2.92 billion, a P/E ratio of 36.97, a P/E/G ratio of 2.75 and a beta of 1.13.

ABM Industries (NYSE:ABM - Get Free Report) last announced 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 net margin of 0.97% and a return on equity of 12.48%. The business had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The business's quarterly revenue was up 4.0% compared to the same quarter last year.

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ABM Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.265 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.06 annualized dividend and a yield of 2.26%. ABM Industries's payout ratio is 84.13%.

Insider Activity at ABM Industries

In related news, CAO Dean A. Chin sold 4,281 shares of the company's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total transaction of $224,153.16. Following the transaction, the chief accounting officer now directly owns 18,681 shares in the company, valued at approximately $978,137.16. This represents a 18.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Rene Jacobsen sold 10,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $52.84, for a total transaction of $528,400.00. Following the transaction, the chief operating officer now owns 87,808 shares in the company, valued at $4,639,774.72. The trade was a 10.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ABM Industries

Several hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in ABM Industries in the 4th quarter worth about $33,000. Adirondack Trust Co. grew its stake in ABM Industries by 28.6% in the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider's stock worth $46,000 after acquiring an additional 200 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in ABM Industries by 193.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider's stock worth $46,000 after acquiring an additional 595 shares in the last quarter. Sterling Capital Management LLC grew its stake in ABM Industries by 834.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,038 shares of the business services provider's stock worth $104,000 after acquiring an additional 1,820 shares in the last quarter. Finally, Quarry LP grew its stake in ABM Industries by 49.7% in the 3rd quarter. Quarry LP now owns 2,171 shares of the business services provider's stock worth $115,000 after acquiring an additional 721 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.

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.