ABM Industries (NYSE:ABM) Releases Earnings Results, Beats Estimates By $0.03 EPS

ABM Industries (NYSE:ABM - Get Free Report) posted its earnings results on Wednesday. The business services provider reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.03, RTT News reports. ABM Industries had a return on equity of 12.93% and a net margin of 1.89%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the business earned $1.01 earnings per share. ABM Industries's quarterly revenue was up 4.0% compared to the same quarter last year. ABM Industries updated its FY 2025 guidance to 3.600-3.800 EPS and its FY25 guidance to $3.60-$3.80 EPS.

ABM Industries Trading Down 8.4 %

Shares of ABM Industries stock traded down $4.59 during mid-day trading on Wednesday, hitting $50.32. 1,020,256 shares of the stock were exchanged, compared to its average volume of 531,422. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 20.79 and a beta of 1.14. ABM Industries has a twelve month low of $39.64 and a twelve month high of $59.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71. The company has a 50-day simple moving average of $55.42 and a 200 day simple moving average of $53.36.

ABM Industries Increases Dividend

The company 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 $0.265 dividend. This is an increase from ABM Industries's previous quarterly dividend of $0.23. The ex-dividend date is Thursday, January 2nd. This represents a $1.06 annualized dividend and a yield of 2.11%. ABM Industries's payout ratio is presently 43.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Truist Financial increased their price objective on shares of ABM Industries from $49.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, September 9th. Robert W. Baird increased their price target on shares of ABM Industries from $49.00 to $56.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Finally, UBS Group raised their price objective on shares of ABM Industries from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th.

Insider Activity

In related news, CFO Earl Ray Ellis sold 40,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 45,260 shares in the company, valued at approximately $2,442,229.60. This represents a 46.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.04% 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.