ABM Industries (NYSE:ABM) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

ABM Industries (NYSE:ABM) announced its quarterly earnings data on Wednesday. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business’s 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 Trading Up 1.6 %

Shares of NYSE:ABM opened at $51.14 on Friday. ABM Industries has a 1 year low of $39.64 and a 1 year high of $59.78. The stock’s fifty day moving average price is $55.36 and its 200-day moving average price is $53.32. The company has a market cap of $3.21 billion, a P/E ratio of 21.13 and a beta of 1.14. 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 disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be given a $0.265 dividend. 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 yield of 2.07%. ABM Industries’s dividend payout ratio is 43.80%.

Insider Buying and Selling at ABM Industries

In related 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 completion of the sale, the chief financial officer now owns 45,260 shares in the company, valued at approximately $2,442,229.60. This represents a 46.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ABM. UBS Group upped their price target on ABM Industries from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird boosted their target price on shares of ABM Industries from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Truist Financial increased their price target on shares of ABM Industries from $49.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, September 9th.

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.