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

ABM Industries (NYSE:ABM) issued its quarterly earnings results on Wednesday. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The firm’s quarterly 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 Trading Down 3.3 %

NYSE:ABM opened at $54.91 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.71. ABM Industries has a 52-week low of $39.64 and a 52-week high of $59.78. The stock’s 50 day moving average price is $55.37 and its 200 day moving average price is $53.30. The company has a market capitalization of $3.45 billion, a PE ratio of 22.69 and a beta of 1.14.

ABM Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be issued a $0.265 dividend. This is an increase from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, January 2nd. ABM Industries’s payout ratio is presently 43.80%.

Insider Transactions at ABM Industries

In other ABM Industries news, CFO Earl Ray Ellis sold 40,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 45,260 shares of the company’s stock, valued at $2,442,229.60. This represents a 46.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.04% of the company’s stock.

Analysts Set New Price Targets

ABM has been the subject of a number of analyst reports. Truist Financial boosted their target price on shares of ABM Industries from $49.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. UBS Group increased their price objective on ABM Industries from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Robert W. Baird boosted their target price on ABM Industries from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note 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.