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

ABM Industries (NYSE:ABM - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.600-3.800 for the period, compared to the consensus earnings per share estimate of 3.660. The company issued revenue guidance of -. ABM Industries also updated its FY25 guidance to $3.60-$3.80 EPS.

Analyst Upgrades and Downgrades

ABM has been the subject of several recent analyst reports. Robert W. Baird upped their target price on ABM Industries from $49.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. Truist Financial raised their price objective on ABM Industries from $49.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, September 9th. Finally, UBS Group boosted their target price on ABM Industries from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th.

ABM Industries Price Performance

Shares of ABM traded down $4.59 during trading hours on Wednesday, reaching $50.32. The stock had a trading volume of 1,020,256 shares, compared to its average volume of 531,422. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.38 and a current ratio of 1.38. ABM Industries has a 12 month low of $39.64 and a 12 month high of $59.78. The stock has a market capitalization of $3.16 billion, a PE ratio of 20.79 and a beta of 1.14. The company's 50-day moving average is $55.42 and its two-hundred day moving average is $53.36.

ABM Industries (NYSE:ABM - Get Free Report) last posted its earnings results on Wednesday, December 18th. The business services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.08 billion. ABM Industries had a return on equity of 12.93% and a net margin of 1.89%. The business's quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. Research analysts expect that ABM Industries will post 3.53 EPS for the current year.

ABM Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be given a $0.265 dividend. This is a boost from ABM Industries's previous quarterly dividend of $0.23. This represents a $1.06 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, January 2nd. ABM Industries's dividend payout ratio is 43.80%.

Insider Activity

In related news, CFO Earl Ray Ellis sold 40,000 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $53.96, for a total value of $2,158,400.00. Following the sale, the chief financial officer now directly owns 45,260 shares in the company, valued at $2,442,229.60. This represents a 46.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.