William Blair Predicts Stronger Earnings for ABM Industries

ABM Industries Incorporated (NYSE:ABM) – Analysts at William Blair increased their FY2025 EPS estimates for shares of ABM Industries in a research report issued 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 previous 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.

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

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

ABM Industries Trading Down 0.6 %

NYSE ABM opened at $46.76 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13. The company’s 50-day simple moving average is $52.36 and its two-hundred day simple moving average is $53.32. ABM Industries has a one year low of $42.28 and a one year high of $59.78.

Hedge Funds Weigh In On ABM Industries

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of ABM Industries during the 4th quarter valued at approximately $33,000. Adirondack Trust Co. increased its holdings 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 valued at $46,000 after purchasing an additional 200 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of ABM Industries by 193.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 595 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of ABM Industries by 834.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,038 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 1,820 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of ABM Industries by 49.7% during the 3rd quarter. Quarry LP now owns 2,171 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 721 shares in the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

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 shares were 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 directly owns 87,808 shares in the company, valued at approximately $4,639,774.72. The trade was a 10.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction 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 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, April 3rd. ABM Industries’s dividend payout ratio (DPR) is presently 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.