Q1 EPS Estimates for ABM Industries Cut by William Blair

ABM Industries Incorporated (NYSE:ABM) – Equities researchers at William Blair reduced their Q1 2025 earnings per share estimates for shares of ABM Industries in a research note issued on Wednesday, December 18th. William Blair analyst T. Mulrooney now expects that the business services provider will earn $0.79 per share for the quarter, down from their prior forecast of $0.81. The consensus estimate for ABM Industries’ current full-year earnings is $3.53 per share. William Blair also issued estimates for ABM Industries’ Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $1.03 EPS and FY2026 earnings at $4.11 EPS.

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

ABM Industries Stock Performance

NYSE ABM opened at $50.34 on Friday. The firm has a 50-day moving average price of $55.30 and a two-hundred day moving average price of $53.34. ABM Industries has a 12-month low of $39.64 and a 12-month high of $59.78. The company has a market capitalization of $3.16 billion, a P/E ratio of 20.80 and a beta of 1.14. 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 (NYSE:ABM) last announced its earnings results on Wednesday, December 18th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. 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 analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. ABM Industries’s quarterly revenue was up 4.0% on a year-over-year basis.

Institutional Investors Weigh In On ABM Industries

A number of hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. bought a new position in ABM Industries in the 2nd quarter valued at approximately $125,118,000. Pzena Investment Management LLC bought a new position in shares of ABM Industries in the 2nd quarter valued at $21,032,000. LSV Asset Management boosted its holdings in shares of ABM Industries by 92.3% during the 2nd quarter. LSV Asset Management now owns 760,321 shares of the business services provider’s stock valued at $38,449,000 after acquiring an additional 364,879 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in ABM Industries by 652,535.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 110,948 shares of the business services provider’s stock worth $5,611,000 after acquiring an additional 110,931 shares during the last quarter. Finally, Barclays PLC grew its position in ABM Industries by 238.7% during the 3rd quarter. Barclays PLC now owns 113,850 shares of the business services provider’s stock worth $6,004,000 after acquiring an additional 80,238 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Earl Ray Ellis sold 40,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $53.96, for a total value of $2,158,400.00. Following the completion of the transaction, the chief financial officer now owns 45,260 shares of the company’s stock, valued at approximately $2,442,229.60. This represents a 46.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.04% of the company’s stock.

ABM Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.265 per share. This is an increase from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 annualized dividend and a yield of 2.11%. The ex-dividend date is Thursday, January 2nd. ABM Industries’s payout ratio is currently 83.46%.

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.