ABM Industries (NYSE:ABM) Issues Quarterly Earnings Results, Beats Estimates By $0.09 EPS

ABM Industries (NYSE:ABM - Get Free Report) issued its quarterly earnings results on Wednesday. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.09, Zacks reports. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. ABM Industries updated its FY 2025 guidance to 3.650-3.800 EPS.

ABM Industries Stock Up 3.5 %

Shares of ABM stock traded up $1.61 on Thursday, hitting $47.12. The stock had a trading volume of 957,451 shares, compared to its average volume of 475,570. ABM Industries has a one year low of $41.51 and a one year high of $59.78. The business has a 50 day moving average price of $52.55 and a 200 day moving average price of $53.45. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.265 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.06 annualized dividend and a dividend yield of 2.25%. ABM Industries's dividend payout ratio is currently 83.46%.

Analyst Ratings Changes

Separately, UBS Group decreased their price objective on shares of ABM Industries from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday.

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Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total value of $528,400.00. Following the sale, the chief operating officer now directly owns 87,808 shares of the company's stock, valued at approximately $4,639,774.72. This represents a 10.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Dean A. Chin sold 4,281 shares of the business'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 transaction, the chief accounting officer now directly owns 18,681 shares of the company's stock, valued at $978,137.16. The trade was a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by company 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.