Q1 EPS Estimates for ABM Industries Raised by Zacks Research

ABM Industries Incorporated (NYSE:ABM - Free Report) - Equities research analysts at Zacks Research increased their Q1 2025 EPS estimates for shares of ABM Industries in a report released on Wednesday, January 8th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $0.79 per share for the quarter, up from their previous estimate of $0.76. The consensus estimate for ABM Industries' current full-year earnings is $3.53 per share. Zacks Research also issued estimates for ABM Industries' Q2 2025 earnings at $0.83 EPS, Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $3.60 EPS, Q1 2026 earnings at $0.96 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $1.01 EPS, Q4 2026 earnings at $1.14 EPS and FY2027 earnings at $4.29 EPS.

Separately, UBS Group boosted their price objective on ABM Industries from $55.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, December 19th.

ABM Industries Trading Down 1.1 %

Shares of NYSE:ABM traded down $0.54 during mid-day trading on Friday, reaching $50.43. 310,849 shares of the company were exchanged, compared to its average volume of 375,925. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 20.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.38 and a quick ratio of 1.38. ABM Industries has a 1 year low of $39.64 and a 1 year high of $59.78. The firm's 50-day simple moving average is $54.55 and its 200 day simple moving average is $53.42.

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

Institutional Investors Weigh In On ABM Industries

Several hedge funds and other institutional investors have recently bought and sold shares of ABM. Pacer Advisors Inc. purchased a new position in shares of ABM Industries during the second quarter worth approximately $125,118,000. Pzena Investment Management LLC grew its position in ABM Industries by 67.0% during the 3rd quarter. Pzena Investment Management LLC now owns 694,464 shares of the business services provider's stock worth $36,640,000 after purchasing an additional 278,575 shares during the last quarter. Barclays PLC increased its stake in ABM Industries by 238.7% in the third quarter. Barclays PLC now owns 113,850 shares of the business services provider's stock valued at $6,004,000 after purchasing an additional 80,238 shares during the period. Victory Capital Management Inc. raised its holdings in shares of ABM Industries by 279.4% in the third quarter. Victory Capital Management Inc. now owns 108,067 shares of the business services provider's stock valued at $5,702,000 after buying an additional 79,587 shares during the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of ABM Industries by 694.2% during the third quarter. Foundry Partners LLC now owns 86,868 shares of the business services provider's stock worth $4,583,000 after buying an additional 75,930 shares during the period. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Earl Ray Ellis sold 40,000 shares of the firm's 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 sale, the chief financial officer now owns 45,260 shares of the company's stock, valued at approximately $2,442,229.60. This trade represents a 46.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.04% of the company's stock.

ABM Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.265 per share. The ex-dividend date is Thursday, January 2nd. This is an increase from ABM Industries's previous quarterly dividend of $0.23. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.10%. ABM Industries's payout ratio is currently 83.46%.

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.