ABM Industries Q2 EPS Estimate Decreased by William Blair

ABM Industries Incorporated (NYSE:ABM) – Stock analysts at William Blair reduced their Q2 2025 earnings per share estimates for shares of ABM Industries in a research note issued on Wednesday, March 12th. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings of $0.89 per share for the quarter, down from their previous estimate of $0.93. The consensus estimate for ABM Industries’ current full-year earnings is $3.71 per share.

Separately, UBS Group cut their target price on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th.

ABM Industries Trading Down 1.5 %

Shares of NYSE:ABM opened at $46.95 on Monday. The stock has a market capitalization of $2.92 billion, a PE ratio of 36.97, a P/E/G ratio of 2.75 and a beta of 1.13. ABM Industries has a 1 year low of $42.63 and a 1 year high of $59.78. The firm has a fifty day moving average price of $52.24 and a 200 day moving average price of $53.17. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73.

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

Institutional Investors Weigh In On ABM Industries

Several hedge funds have recently bought and sold shares of the company. Foundry Partners LLC raised its holdings in shares of ABM Industries by 694.2% during the third quarter. Foundry Partners LLC now owns 86,868 shares of the business services provider’s stock worth $4,583,000 after acquiring an additional 75,930 shares during the period. Miracle Mile Advisors LLC bought a new position in ABM Industries in the fourth quarter valued at $392,000. Citigroup Inc. grew its position in ABM Industries by 51.3% in the third quarter. Citigroup Inc. now owns 101,006 shares of the business services provider’s stock valued at $5,329,000 after purchasing an additional 34,254 shares in the last quarter. Jane Street Group LLC grew its position in ABM Industries by 91.8% in the third quarter. Jane Street Group LLC now owns 82,094 shares of the business services provider’s stock valued at $4,331,000 after purchasing an additional 39,300 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in ABM Industries by 138.3% in the third quarter. Intech Investment Management LLC now owns 25,810 shares of the business services provider’s stock valued at $1,362,000 after purchasing an additional 14,977 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total value of $528,400.00. Following the transaction, the chief operating officer now directly owns 87,808 shares of the company’s stock, valued at approximately $4,639,774.72. This trade represents a 10.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Dean A. Chin sold 4,281 shares of the 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 sale, the chief accounting officer now owns 18,681 shares in the company, valued at approximately $978,137.16. This trade represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

ABM Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.06 annualized dividend and a yield of 2.26%. ABM Industries’s dividend payout ratio is 84.13%.

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.