ABM Industries (NYSE:ABM) Updates FY 2025 Earnings Guidance

ABM Industries (NYSE:ABM - Get Free Report) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided EPS guidance of 3.650-3.800 for the period, compared to the consensus EPS estimate of 3.770. The company issued revenue guidance of -.

ABM Industries Trading Up 3.7%

ABM stock traded up $1.73 during midday trading on Monday, reaching $48.34. The stock had a trading volume of 1,165,620 shares, compared to its average volume of 502,714. The business has a fifty day simple moving average of $48.97 and a two-hundred day simple moving average of $51.15. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.75 and a beta of 0.83. ABM Industries has a twelve month low of $40.85 and a twelve month high of $59.78.

ABM Industries (NYSE:ABM - Get Free Report) last announced its quarterly earnings data on Friday, June 6th. The business services provider reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.01). 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. As a group, research analysts expect that ABM Industries will post 3.71 EPS for the current fiscal year.

ABM Industries Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.06 annualized dividend and a dividend yield of 2.19%. ABM Industries's payout ratio is currently 84.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ABM. UBS Group raised ABM Industries from a "neutral" rating to a "buy" rating and upped their price target for the company from $50.00 to $54.00 in a research note on Monday. Wall Street Zen cut ABM Industries from a "buy" rating to a "hold" rating in a research note on Saturday, May 31st. Finally, Robert W. Baird raised shares of ABM Industries from a "neutral" rating to an "outperform" rating and set a $56.00 price target for the company in a report on Monday.

Insider Activity at ABM Industries

In related news, CEO Scott B. Salmirs sold 800 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $52.09, for a total value 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. The trade was a 0.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sean Michael Mahoney sold 1,800 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $50.03, for a total value of $90,054.00. Following the completion of the transaction, the executive vice president now owns 47,425 shares of the company's stock, valued at $2,372,672.75. This represents a 3.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,374 shares of company stock worth $2,733,303. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On ABM Industries

Several institutional investors and hedge funds have recently modified their holdings of ABM. Royal Bank of Canada grew its position in shares of 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 purchasing an additional 312 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 acquiring an additional 984 shares in the last quarter. Millennium Management LLC lifted its stake 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in ABM Industries by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,038 shares of the business services provider's stock valued at $8,527,000 after acquiring an additional 8,704 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake 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 and hedge funds.

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.