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

ABM Industries (NYSE:ABM - Get Free Report) announced its quarterly earnings data on Friday. The business services provider reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.01), RTT News reports. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.07 billion. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. ABM Industries's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 earnings per share. ABM Industries updated its FY 2025 guidance to 3.650-3.800 EPS.

ABM Industries Stock Up 3.7%

Shares of NYSE:ABM traded up $1.73 during trading on Monday, hitting $48.34. 1,165,620 shares of the company's stock traded hands, compared to its average volume of 502,714. ABM Industries has a 52 week low of $40.85 and a 52 week high of $59.78. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 2.75 and a beta of 0.83. The company has a 50-day moving average price of $48.97 and a 200-day moving average price of $51.15.

ABM Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, July 3rd. ABM Industries's dividend payout ratio is currently 84.13%.

Insider Activity

In related news, CEO Scott B. Salmirs sold 800 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $52.09, for a total transaction of $41,672.00. Following the completion of the transaction, the chief executive officer now directly owns 418,856 shares in the company, valued at approximately $21,818,209.04. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sean Michael Mahoney sold 1,800 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $50.03, for a total value of $90,054.00. Following the transaction, the executive vice president now owns 47,425 shares of the company's stock, valued at approximately $2,372,672.75. The trade was a 3.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,374 shares of company stock worth $2,733,303 in the last 90 days. Corporate insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Several research firms have weighed in on ABM. UBS Group raised ABM Industries from a "neutral" rating to a "buy" rating and increased their target price for the company from $50.00 to $54.00 in a research note on Monday. Wall Street Zen lowered ABM Industries from a "buy" rating to a "hold" rating in a research note on Saturday, May 31st. Finally, Robert W. Baird raised ABM Industries from a "neutral" rating to an "outperform" rating and set a $56.00 target price on the stock in a research note on Monday.

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.