William Blair Lowers Earnings Estimates for ABM Industries

ABM Industries Incorporated (NYSE:ABM) – Equities research analysts at William Blair lowered their Q1 2025 earnings per share estimates for ABM Industries in a report released 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 prior 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.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird boosted their price target on ABM Industries from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. UBS Group boosted their target price on ABM Industries from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Truist Financial increased their target price on shares of ABM Industries from $49.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, September 9th.

ABM Industries Stock Up 1.6 %

Shares of ABM opened at $51.14 on Friday. The firm has a 50 day simple moving average of $55.36 and a two-hundred day simple moving average of $53.32. The company has a market cap of $3.21 billion, a P/E ratio of 21.13 and a beta of 1.14. ABM Industries has a one year low of $39.64 and a one year high of $59.78. 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 (NYSE:ABM) last released its earnings results on Wednesday, December 18th. The business services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. ABM Industries had a net margin of 1.89% and a return on equity of 12.93%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the firm earned $1.01 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year.

Institutional Investors Weigh In On ABM Industries

A number of institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System grew its stake in shares of ABM Industries by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 31,800 shares of the business services provider’s stock worth $1,608,000 after purchasing an additional 700 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of ABM Industries by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 656,652 shares of the business services provider’s stock valued at $33,207,000 after buying an additional 13,126 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of ABM Industries by 652,535.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 110,948 shares of the business services provider’s stock worth $5,611,000 after acquiring an additional 110,931 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of ABM Industries by 15.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,072 shares of the business services provider’s stock worth $712,000 after acquiring an additional 1,856 shares during the period. Finally, Innealta Capital LLC bought a new stake in ABM Industries in the second quarter valued at approximately $142,000. 91.62% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Earl Ray Ellis sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $53.96, for a total value of $2,158,400.00. Following the completion of the transaction, the chief financial officer now owns 45,260 shares in the company, valued at $2,442,229.60. This trade represents a 46.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.04% of the company’s stock.

ABM Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be given a $0.265 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 annualized dividend and a yield of 2.07%. ABM Industries’s dividend payout ratio (DPR) is currently 43.80%.

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.