ABM Industries FY2025 EPS Forecast Boosted by William Blair

ABM Industries Incorporated (NYSE:ABM) – Investment analysts at William Blair boosted their FY2025 earnings per share estimates for ABM Industries in a research report issued to clients and investors on Wednesday, March 12th. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings per share of $3.73 for the year, up from their prior forecast of $3.69. The consensus estimate for ABM Industries’ current full-year earnings is $3.71 per share. William Blair also issued estimates for ABM Industries’ FY2026 earnings at $4.15 EPS.

Separately, UBS Group cut their target price on ABM Industries from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday.

ABM Industries Stock Down 0.6 %

ABM opened at $46.76 on Friday. The business’s 50-day simple moving average is $52.47 and its 200-day simple moving average is $53.40. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. ABM Industries has a one year low of $41.51 and a one year high of $59.78. The stock has a market capitalization of $2.91 billion, a P/E ratio of 36.82, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13.

ABM Industries (NYSE:ABM) last posted its earnings results on Wednesday, December 18th. The business services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year.

Institutional Investors Weigh In On ABM Industries

A number of institutional investors have recently added to or reduced their stakes in ABM. Janney Montgomery Scott LLC boosted its holdings in ABM Industries by 169.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 31,240 shares of the business services provider’s stock valued at $1,648,000 after purchasing an additional 19,639 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in ABM Industries by 4.9% in the 3rd quarter. Principal Financial Group Inc. now owns 327,631 shares of the business services provider’s stock valued at $17,286,000 after purchasing an additional 15,438 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in ABM Industries by 279.4% in the 3rd quarter. Victory Capital Management Inc. now owns 108,067 shares of the business services provider’s stock valued at $5,702,000 after purchasing an additional 79,587 shares in the last quarter. MQS Management LLC purchased a new stake in shares of ABM Industries during the 3rd quarter worth approximately $256,000. Finally, Empowered Funds LLC purchased a new stake in shares of ABM Industries during the 3rd quarter worth approximately $1,982,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Insider Buying and Selling

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of ABM Industries stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $52.84, for a total value of $528,400.00. Following the sale, the chief operating officer now owns 87,808 shares of the company’s stock, valued at approximately $4,639,774.72. The trade was a 10.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Dean A. Chin sold 4,281 shares of ABM Industries stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total value of $224,153.16. Following the completion of the sale, the chief accounting officer now directly owns 18,681 shares in the company, valued at $978,137.16. This represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries’s dividend payout ratio is currently 83.46%.

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.