ABM Industries (NYSE:ABM) Issues Earnings Results, Beats Estimates By $0.08 EPS

ABM Industries (NYSE:ABM) issued its quarterly earnings data on Wednesday. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08, Zacks reports. ABM Industries had a net margin of 0.97% and a return on equity of 12.48%. ABM Industries updated its FY 2025 guidance to 3.650-3.800 EPS.

ABM Industries Stock Down 9.0 %

Shares of ABM Industries stock traded down $4.51 during trading hours on Wednesday, hitting $45.32. The company had a trading volume of 163,302 shares, compared to its average volume of 468,493. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. ABM Industries has a twelve month low of $41.51 and a twelve month high of $59.78. The company has a market cap of $2.82 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13. The company’s 50-day moving average is $52.66 and its two-hundred day moving average is $53.50.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 3rd will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 2.34%. ABM Industries’s dividend payout ratio is currently 83.46%.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised their price target on shares of ABM Industries from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th.

Insider Buying and Selling at ABM Industries

In other ABM Industries news, CAO Dean A. Chin sold 4,281 shares of ABM Industries stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total value of $224,153.16. Following the sale, the chief accounting officer now owns 18,681 shares of the company’s stock, valued at approximately $978,137.16. The trade was a 18.64 % 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, COO Rene Jacobsen sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $52.84, for a total transaction of $528,400.00. Following the completion of the sale, the chief operating officer now owns 87,808 shares in the company, valued at $4,639,774.72. This represents a 10.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

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.