ABM Industries FY2025 EPS Estimate Boosted by William Blair

ABM Industries Incorporated (NYSE:ABM) – William Blair upped their FY2025 earnings estimates for ABM Industries in a research report issued to clients and investors on Wednesday, March 12th. William Blair analyst T. Mulrooney now expects that the business services provider will post earnings of $3.73 per share for the year, up from their prior estimate 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.

ABM Industries (NYSE:ABM) last released its earnings results on Wednesday, December 18th. The business services provider reported $0.90 earnings per share for the quarter, beating 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 firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s revenue was up 4.0% compared to the same quarter last year.

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

ABM Industries Trading Up 3.5 %

Shares of ABM Industries stock opened at $47.12 on Friday. The firm’s 50-day moving average price is $52.55 and its two-hundred day moving average price is $53.45. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 2.75 and a beta of 1.13. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73. ABM Industries has a 12-month low of $41.51 and a 12-month high of $59.78.

ABM Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.06 dividend on an annualized basis and a yield of 2.25%. ABM Industries’s dividend payout ratio is currently 83.46%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ABM. Savant Capital LLC grew its stake in ABM Industries by 1.7% during the fourth quarter. Savant Capital LLC now owns 11,707 shares of the business services provider’s stock worth $599,000 after purchasing an additional 191 shares during the period. Adirondack Trust Co. grew its position in shares of ABM Industries by 28.6% during the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock worth $46,000 after buying an additional 200 shares during the period. Naples Global Advisors LLC increased its stake in shares of ABM Industries by 2.3% in the 4th quarter. Naples Global Advisors LLC now owns 11,038 shares of the business services provider’s stock valued at $565,000 after acquiring an additional 253 shares in the last quarter. CIBC Asset Management Inc boosted its stake in ABM Industries by 4.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,274 shares of the business services provider’s stock worth $321,000 after acquiring an additional 289 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in ABM Industries by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,615 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 329 shares in the last quarter. 91.62% of the stock is owned by institutional investors.

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.