ABM Industries (NYSE:ABM) Updates FY 2025 Earnings Projections

ABM Industries (NYSE:ABM) announced on Wednesday its updated earnings guidance for the fiscal year 2025. The company projected its earnings per share (EPS) to be in the range of 3.600 to 3.800, which is slightly higher than the consensus estimate of 3.660.

Market Analysts Outlook

Several market analysts have recently provided reports on ABM Industries. For instance, Robert W. Baird increased its price target for ABM stock from $49.00 to $56.00 while maintaining a "neutral" rating. Similarly, Truist Financial raised its target from $49.00 to $55.00, giving the stock a "hold" rating. Additionally, UBS Group also raised its price target from $51.00 to $55.00, continuing to label the stock as "neutral."

Current Stock Performance

On Wednesday, shares of ABM opened at $54.91. Over the past year, the stock has reached a low of $39.64 and a high of $59.78. The company's current ratio stands at 1.38, with a quick ratio also at 1.38, and a debt-to-equity ratio of 0.71. With a market capitalization of approximately $3.45 billion, ABM Industries has a price-to-earnings ratio of 22.69 and a beta of 1.14. The stock's 50-day moving average is $55.37, while its 200-day moving average is $53.30.

Dividend Information

ABM Industries also announced an increase in its quarterly dividend, which is set to be paid on February 3rd. Shareholders who are on record by January 2nd will receive a dividend of $0.265 per share, up from the previous amount of $0.23. The ex-dividend date is also January 2nd. This adjustment results in an annualized dividend of $1.06, translating to a yield of 1.93%. The company's current payout ratio is about 43.80%.

Insider Activity

In related corporate news, Chief Financial Officer Earl Ray Ellis sold 40,000 shares of ABM stock on October 14th. This transaction occurred at an average price of $53.96, totaling approximately $2.1 million. Following the sale, Ellis's ownership position has decreased by 46.92%, leaving him with 45,260 shares valued at around $2.4 million. Currently, only 1.04% of ABM stock is held by corporate insiders.

About ABM Industries

ABM Industries Incorporated operates through several subsidiaries that provide integrated facility, infrastructure, and mobility solutions, operating not just in the United States but also internationally. The company's divisions include Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions.

Earnings, Guidance, Stock