ABM Industries (NYSE:ABM) Issues FY 2025 Earnings Guidance

ABM Industries (NYSE:ABM) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 3.600-3.800 for the period, compared to the consensus EPS estimate of 3.660. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Robert W. Baird lifted their price target on shares of ABM Industries from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Truist Financial boosted their target price 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 target on ABM Industries from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th.

ABM Industries Stock Down 3.3 %

ABM opened at $54.91 on Wednesday. ABM Industries has a 12 month low of $39.64 and a 12 month high of $59.78. The company has a market cap of $3.45 billion, a PE ratio of 22.69 and a beta of 1.14. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average of $55.37 and a 200 day moving average of $53.30.

ABM Industries (NYSE:ABM) last posted its earnings results on Wednesday, December 18th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. ABM Industries had a return on equity of 12.93% and a net margin of 1.89%. On average, sell-side analysts expect that ABM Industries will post 3.53 EPS for the current 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 given a dividend of $0.265 per share. The ex-dividend date is Thursday, January 2nd. This is a boost from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 annualized dividend and a dividend yield of 1.93%. ABM Industries’s dividend payout ratio is currently 43.80%.

Insider Transactions at ABM Industries

In other news, CFO Earl Ray Ellis sold 40,000 shares of the business’s 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 completion of the transaction, the chief financial officer now directly owns 45,260 shares in the company, valued at $2,442,229.60. The trade was a 46.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.