ABM Industries (NYSE:ABM) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

ABM Industries (NYSE:ABM - Get Free Report) released its earnings results on Friday. The business services provider reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01), RTT News reports. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. During the same quarter in the previous year, the company posted $0.87 earnings per share. ABM Industries updated its FY 2025 guidance to 3.650-3.800 EPS.

ABM Industries Trading Down 2.3%

Shares of ABM Industries stock opened at $51.12 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $3.18 billion, a P/E ratio of 40.25, a price-to-earnings-growth ratio of 2.75 and a beta of 0.78. The firm has a 50-day simple moving average of $49.02 and a two-hundred day simple moving average of $51.34. ABM Industries has a fifty-two week low of $40.85 and a fifty-two week high of $59.78.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.07%. ABM Industries's payout ratio is currently 84.13%.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group dropped their price target on ABM Industries from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Wall Street Zen downgraded shares of ABM Industries from a "buy" rating to a "hold" rating in a research note on Saturday, May 31st.

Insider Activity at ABM Industries

In other news, CEO Scott B. Salmirs sold 12,135 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $52.06, for a total transaction of $631,748.10. Following the completion of the transaction, the chief executive officer now directly owns 406,721 shares of the company's stock, valued at approximately $21,173,895.26. The trade was a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sean Michael Mahoney sold 574 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $50.06, for a total value of $28,734.44. Following the transaction, the executive vice president now directly owns 49,225 shares of the company's stock, valued at approximately $2,464,203.50. This represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,374 shares of company stock valued at $2,733,303. 0.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Focus Partners Wealth acquired a new stake in shares of ABM Industries during the first quarter worth $477,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in ABM Industries by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider's stock worth $1,752,000 after purchasing an additional 984 shares in the last quarter. Millennium Management LLC increased its holdings in ABM Industries by 2.2% during the 1st quarter. Millennium Management LLC now owns 79,533 shares of the business services provider's stock valued at $3,767,000 after acquiring an additional 1,734 shares in the last quarter. Royal Bank of Canada increased its stake in shares of ABM Industries by 0.4% during the 1st quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider's stock worth $4,100,000 after purchasing an additional 312 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of ABM Industries by 592.0% in the first quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider's stock worth $6,640,000 after acquiring an additional 119,942 shares during the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

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.

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