William Blair Lowers Earnings Estimates for ABM Industries

ABM Industries Incorporated (NYSE:ABM) – Research analysts at William Blair decreased their Q1 2025 earnings estimates for shares of ABM Industries in a research report issued on Wednesday, December 18th. William Blair analyst T. Mulrooney now anticipates that the business services provider will earn $0.79 per share for the quarter, down from their previous forecast 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 released its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 earnings per share 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 analysts’ expectations of $2.08 billion. During the same period last year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.

Several other brokerages have also recently commented on ABM. Robert W. Baird raised their target price 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 price objective on ABM Industries from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Truist Financial upped their target price on 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 Trading Down 1.6 %

ABM stock opened at $50.34 on Friday. ABM Industries has a 52 week low of $39.64 and a 52 week high of $59.78. The company has a market capitalization of $3.16 billion, a PE ratio of 20.80 and a beta of 1.14. The company’s 50-day simple moving average is $55.30 and its 200 day simple moving average is $53.38. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.38 and a current ratio of 1.38.

ABM Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.265 per share. 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 2.11%. The ex-dividend date of this dividend is Thursday, January 2nd. ABM Industries’s payout ratio is currently 83.46%.

Insider Activity at ABM Industries

In other news, CFO Earl Ray Ellis sold 40,000 shares of ABM Industries stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $53.96, for a total transaction of $2,158,400.00. Following the sale, the chief financial officer now directly owns 45,260 shares of the company’s stock, valued at approximately $2,442,229.60. This trade represents a 46.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ABM Industries

Hedge funds have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV boosted its holdings in ABM Industries by 2.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 17,066 shares of the business services provider’s stock valued at $900,000 after acquiring an additional 378 shares during the last quarter. Arizona State Retirement System increased its stake in ABM Industries by 2.6% in the second quarter. Arizona State Retirement System now owns 17,718 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 442 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of ABM Industries by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 35,036 shares of the business services provider’s stock valued at $1,772,000 after purchasing an additional 539 shares during the period. Capital Performance Advisors LLP bought a new position in shares of ABM Industries during the 3rd quarter worth about $30,000. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of ABM Industries by 3.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 15,804 shares of the business services provider’s stock valued at $791,000 after buying an additional 588 shares during the period. 91.62% of the stock is currently owned by institutional investors and hedge funds.

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.