ABM Industries (NYSE:ABM) Announces Earnings Results

ABM Industries (NYSE:ABM) posted its quarterly earnings data on Wednesday. The business services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03, RTT News reports. 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 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 business’s quarterly revenue was up 4.0% on a year-over-year basis. ABM Industries updated its FY 2025 guidance to 3.600-3.800 EPS and its FY25 guidance to $3.60-$3.80 EPS.

ABM Industries Price Performance

Shares of ABM stock opened at $51.14 on Friday. ABM Industries has a one year low of $39.64 and a one year high of $59.78. The company has a market capitalization of $3.21 billion, a P/E ratio of 21.13 and a beta of 1.14. The company’s 50-day simple moving average is $55.36 and its two-hundred day simple moving average is $53.32. 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 Increases Dividend

The firm also recently announced 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 is a boost from ABM Industries’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.07%. ABM Industries’s dividend payout ratio is currently 43.80%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other ABM Industries news, CFO Earl Ray Ellis sold 40,000 shares of the 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 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 can be accessed through this hyperlink. Company 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.