William Blair Reduces Earnings Estimates for ABM Industries

ABM Industries Incorporated (NYSE:ABM) – Stock analysts at William Blair decreased their Q1 2025 earnings estimates for ABM Industries in a research report issued to clients and investors on Wednesday, December 18th. William Blair analyst T. Mulrooney now anticipates that the business services provider will post earnings per share of $0.79 for the quarter, down from their previous estimate 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 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, topping the consensus estimate of $0.87 by $0.03. ABM Industries had a return on equity of 12.93% and a net margin of 1.89%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the company earned $1.01 EPS. ABM Industries’s revenue for the quarter was up 4.0% compared to the same quarter last year.

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

ABM Industries Price Performance

ABM Industries stock opened at $50.34 on Friday. The stock’s 50 day moving average is $55.30 and its 200 day moving average is $53.34. ABM Industries has a one year low of $39.64 and a one year high of $59.78. The firm has a market cap of $3.16 billion, a P/E ratio of 20.80 and a beta of 1.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.38 and a quick ratio of 1.38.

ABM Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd 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 2.11%. This is a boost from ABM Industries’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, January 2nd. ABM Industries’s dividend payout ratio is presently 83.46%.

Insider Transactions at ABM Industries

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 transaction of $2,158,400.00. Following the transaction, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.04% of the company’s stock.

Institutional Trading of ABM Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABM. Pacer Advisors Inc. bought a new position in ABM Industries in the second quarter worth approximately $125,118,000. Geode Capital Management LLC raised its position in shares of ABM Industries by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,451,252 shares of the business services provider’s stock worth $76,582,000 after purchasing an additional 7,050 shares during the period. LSV Asset Management lifted its holdings in shares of ABM Industries by 92.3% in the 2nd quarter. LSV Asset Management now owns 760,321 shares of the business services provider’s stock worth $38,449,000 after purchasing an additional 364,879 shares in the last quarter. Pzena Investment Management LLC grew its position in ABM Industries by 67.0% in the 3rd quarter. Pzena Investment Management LLC now owns 694,464 shares of the business services provider’s stock valued at $36,640,000 after purchasing an additional 278,575 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in ABM Industries by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 681,006 shares of the business services provider’s stock valued at $35,930,000 after purchasing an additional 12,179 shares during the period. 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.