ABM Industries (NYSE:ABM) Releases Earnings Results, Beats Expectations By $0.03 EPS

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 net margin of 1.89% and a return on equity of 12.93%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. The company’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 Stock Down 8.4 %

ABM stock opened at $50.32 on Thursday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 20.79 and a beta of 1.14. The company’s 50 day simple moving average is $55.42 and its 200-day simple moving average is $53.36. 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 has a 52-week low of $39.64 and a 52-week high of $59.78.

ABM Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.11%. 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. ABM Industries’s payout ratio is presently 43.80%.

Insider Activity

In other ABM Industries news, CFO Earl Ray Ellis sold 40,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,442,229.60. This trade represents a 46.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on ABM shares. Robert W. Baird increased their target price on ABM Industries from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Truist Financial upped their price objective on shares of ABM Industries from $49.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Finally, UBS Group upped their price target on shares of ABM Industries from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, September 9th.

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.