ABM Industries (NYSE:ABM) Releases FY25 Earnings Guidance

ABM Industries (NYSE:ABM - Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $3.60-$3.80 for the period, compared to the consensus EPS estimate of $3.66. ABM Industries also updated its FY 2025 guidance to 3.600-3.800 EPS.

ABM Industries Stock Down 8.4 %

Shares of ABM Industries stock traded down $4.59 during trading on Wednesday, hitting $50.32. 1,020,256 shares of the stock traded hands, compared to its average volume of 531,422. The company has a fifty day moving average price of $55.42 and a two-hundred day moving average price of $53.36. ABM Industries has a twelve month low of $39.64 and a twelve month high of $59.78. The stock has a market cap of $3.16 billion, a P/E ratio of 20.79 and a beta of 1.14. 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 (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, topping the consensus estimate of $0.87 by $0.03. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.08 billion. ABM Industries had a net margin of 1.89% and a return on equity of 12.93%. During the same period in the previous year, the firm posted $1.01 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts predict that ABM Industries will post 3.53 EPS for the current fiscal year.

ABM Industries Increases Dividend

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

Analyst Upgrades and Downgrades

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

Insider Activity at ABM Industries

In other ABM Industries news, CFO Earl Ray Ellis sold 40,000 shares of ABM Industries stock in a transaction on Monday, October 14th. The shares were sold at an average price of $53.96, for a total transaction of $2,158,400.00. Following the sale, the chief financial officer now owns 45,260 shares in the company, valued at $2,442,229.60. The trade was a 46.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.04% of the company's stock.

About ABM Industries

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.