Q2 EPS Estimates for ABM Industries Cut by William Blair

ABM Industries Incorporated (NYSE:ABM - Free Report) - Stock analysts at William Blair decreased their Q2 2025 earnings per share (EPS) estimates for shares of ABM Industries in a note issued to investors on Wednesday, March 12th. William Blair analyst T. Mulrooney now anticipates that the business services provider will post earnings of $0.89 per share for the quarter, down from their prior forecast of $0.93. The consensus estimate for ABM Industries' current full-year earnings is $3.71 per share.

ABM Industries (NYSE:ABM - Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.03. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The company had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same period in the previous year, the firm earned $1.01 EPS. The firm's revenue was up 4.0% compared to the same quarter last year.

Separately, UBS Group cut their target price on ABM Industries from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th.

ABM Industries Price Performance

NYSE:ABM traded up $0.01 during trading hours on Monday, reaching $47.24. The stock had a trading volume of 177,236 shares, compared to its average volume of 464,021. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. ABM Industries has a 52 week low of $42.63 and a 52 week high of $59.78. The company has a 50 day moving average price of $52.17 and a two-hundred day moving average price of $53.13. The stock has a market capitalization of $2.94 billion, a PE ratio of 37.19, a PEG ratio of 2.75 and a beta of 1.13.

Remove Ads

Institutional Investors Weigh In On ABM Industries

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of ABM Industries in the 4th quarter worth $33,000. Adirondack Trust Co. lifted its holdings in shares of ABM Industries by 28.6% in the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider's stock worth $46,000 after buying an additional 200 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of ABM Industries by 193.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider's stock worth $46,000 after buying an additional 595 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of ABM Industries by 834.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,038 shares of the business services provider's stock worth $104,000 after buying an additional 1,820 shares during the period. Finally, Quarry LP lifted its holdings in shares of ABM Industries by 49.7% in the 3rd quarter. Quarry LP now owns 2,171 shares of the business services provider's stock worth $115,000 after buying an additional 721 shares during the period. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at ABM Industries

In related news, CAO Dean A. Chin sold 4,281 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total transaction of $224,153.16. Following the completion of the transaction, the chief accounting officer now owns 18,681 shares in the company, valued at $978,137.16. The trade was a 18.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Rene Jacobsen sold 10,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $52.84, for a total value of $528,400.00. Following the completion of the sale, the chief operating officer now owns 87,808 shares of the company's stock, valued at $4,639,774.72. This represents a 10.22 % 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries's payout ratio is currently 84.13%.

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.