William Blair Reduces Earnings Estimates for ABM Industries

ABM Industries Incorporated (NYSE:ABM) – Analysts at William Blair decreased their Q2 2025 earnings per share (EPS) estimates for ABM Industries in a research report issued on Wednesday, March 12th. William Blair analyst T. Mulrooney now anticipates that the business services provider will post earnings of $0.89 per share for the quarter, down from their previous estimate of $0.93. The consensus estimate for ABM Industries’ current full-year earnings is $3.71 per share.

ABM Industries (NYSE:ABM) last released its quarterly earnings data 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 firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.08 billion. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share.

Separately, UBS Group lowered their price target on ABM Industries from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th.

ABM Industries Trading Up 2.2 %

ABM opened at $47.80 on Monday. The business has a 50 day simple moving average of $52.31 and a two-hundred day simple moving average of $53.24. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 2.75 and a beta of 1.13. 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 one year low of $42.28 and a one year high of $59.78.

Institutional Trading of ABM Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of ABM Industries by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,198,258 shares of the business services provider’s stock worth $419,587,000 after buying an additional 55,584 shares during the last quarter. Invesco Ltd. grew its stake in shares of ABM Industries by 14.8% in the 4th quarter. Invesco Ltd. now owns 1,517,516 shares of the business services provider’s stock worth $77,666,000 after buying an additional 195,978 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of ABM Industries by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,451,252 shares of the business services provider’s stock worth $76,582,000 after buying an additional 7,050 shares during the last quarter. American Century Companies Inc. grew its stake in shares of ABM Industries by 2,322.1% in the 4th quarter. American Century Companies Inc. now owns 1,183,695 shares of the business services provider’s stock worth $60,582,000 after buying an additional 1,134,825 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of ABM Industries in the 4th quarter worth approximately $43,967,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Insider Transactions at ABM Industries

In other news, CAO Dean A. Chin sold 4,281 shares of the 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 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 represents a 18.64 % decrease in their position. The sale 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 company’s 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 completion of the sale, the chief operating officer now owns 87,808 shares in the company, valued at $4,639,774.72. The trade was a 10.22 % 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, April 3rd. ABM Industries’s dividend payout ratio is currently 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.