William Blair Lowers Earnings Estimates for ABM Industries

ABM Industries Incorporated (NYSE:ABM - Free Report) - Stock analysts at William Blair cut their Q1 2025 EPS estimates for shares of ABM Industries in a research note issued to investors on Wednesday, December 18th. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings per share of $0.79 for the quarter, down from their prior forecast of $0.81. The consensus estimate for ABM Industries' current full-year earnings is $3.53 per share. William Blair also issued estimates for ABM Industries' Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $1.03 EPS and FY2026 earnings at $4.11 EPS.

ABM has been the subject of a number of other research reports. Robert W. Baird upped 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. 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 increased their price objective on shares of ABM Industries from $55.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday.

ABM Industries Stock Performance

NYSE:ABM traded down $0.80 during mid-day trading on Friday, hitting $50.34. 1,220,812 shares of the company traded hands, compared to its average volume of 534,739. The stock's fifty day moving average price is $55.30 and its 200-day moving average price is $53.34. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 20.80 and a beta of 1.14. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.71. ABM Industries has a one year low of $39.64 and a one year high of $59.78.

ABM Industries (NYSE:ABM - Get Free Report) last released its quarterly 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 analyst estimates of $2.08 billion. ABM Industries had a net margin of 1.89% and a return on equity of 12.93%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS.

ABM Industries Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.06 annualized dividend and a dividend yield of 2.11%. This is a positive change from ABM Industries's previous quarterly dividend of $0.23. ABM Industries's dividend payout ratio (DPR) is currently 83.46%.

Insider Activity

In other news, CFO Earl Ray Ellis sold 40,000 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $2,442,229.60. This represents a 46.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.04% of the company's stock.

Institutional Investors Weigh In On ABM Industries

Several institutional investors have recently added to or reduced their stakes in ABM. BOKF NA acquired a new stake in shares of ABM Industries during the second quarter worth about $30,000. Capital Performance Advisors LLP purchased a new position in shares of ABM Industries in the third quarter valued at approximately $30,000. Copeland Capital Management LLC acquired a new position in ABM Industries in the 3rd quarter valued at $37,000. GAMMA Investing LLC lifted its stake in shares of ABM Industries by 58.8% in the third quarter. GAMMA Investing LLC now owns 1,590 shares of the business services provider's stock worth $84,000 after buying an additional 589 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of ABM Industries by 49.7% during the 3rd quarter. Quarry LP now owns 2,171 shares of the business services provider's stock worth $115,000 after purchasing an additional 721 shares during the last quarter. Institutional investors and hedge funds own 91.62% 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.