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

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded ABM Industries from a "buy" rating to a "hold" rating in a report on Saturday, May 31st. UBS Group lowered their price target on ABM Industries from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th.

ABM Industries Stock Down 2.3%

ABM stock opened at $51.12 on Friday. ABM Industries has a fifty-two week low of $40.85 and a fifty-two week high of $59.78. The business's 50-day moving average is $49.02 and its two-hundred day moving average is $51.34. 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 price-to-earnings ratio of 40.25, a P/E/G ratio of 2.75 and a beta of 0.78.

ABM Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 3rd were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Thursday, April 3rd. ABM Industries's dividend payout ratio is 84.13%.

Insider Buying and Selling at ABM Industries

In other news, EVP Sean Michael Mahoney sold 1,800 shares of the firm's 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 $2,372,672.75. This trade represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott B. Salmirs sold 37,065 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.37, for a total value of $1,941,094.05. Following the completion of the transaction, the chief executive officer now directly owns 369,656 shares in the company, valued at $19,358,884.72. This trade represents a 9.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,374 shares of company stock valued at $2,733,303. 0.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Focus Partners Wealth bought a new position in shares of ABM Industries in the first quarter worth about $477,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of ABM Industries by 2.7% in 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 buying an additional 984 shares during the period. Millennium Management LLC raised its stake in shares of ABM Industries by 2.2% in the first quarter. Millennium Management LLC now owns 79,533 shares of the business services provider's stock worth $3,767,000 after buying an additional 1,734 shares during the period. Royal Bank of Canada grew its position in shares of ABM Industries by 0.4% during the first 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 stake in ABM Industries by 592.0% during 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 purchasing an additional 119,942 shares during the period. Institutional investors own 91.62% of the company's stock.

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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