William Blair Predicts Stronger Earnings for ABM Industries

ABM Industries Incorporated (NYSE:ABM) – Research analysts at William Blair upped their FY2025 EPS estimates for shares of ABM Industries in a report issued on Wednesday, March 12th. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings of $3.73 per share for the year, up from their previous estimate 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.

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

ABM Industries Price Performance

Shares of NYSE ABM opened at $46.76 on Friday. ABM Industries has a one year low of $42.28 and a one year high of $59.78. The firm has a market cap of $2.91 billion, a PE ratio of 36.82, a PEG ratio of 2.75 and a beta of 1.13. The firm has a fifty day moving average of $52.36 and a 200 day moving average of $53.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33.

ABM Industries (NYSE:ABM) last issued 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 during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $1.01 EPS.

ABM Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries’s payout ratio is 83.46%.

Insider Activity

In other news, CAO Dean A. Chin sold 4,281 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total transaction of $224,153.16. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Rene Jacobsen sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $52.84, for a total transaction of $528,400.00. Following the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in ABM Industries in the fourth quarter valued at about $33,000. Adirondack Trust Co. boosted its stake in shares of ABM Industries by 28.6% in the fourth 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 during the period. Smartleaf Asset Management LLC boosted its stake in shares of ABM Industries by 193.2% in the fourth 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 during the period. Sterling Capital Management LLC boosted its stake in shares of ABM Industries by 834.9% in the fourth 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 during the period. Finally, Quarry LP boosted its stake in shares of ABM Industries by 49.7% in the third 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 during the period. Institutional investors and hedge funds own 91.62% of the company’s stock.

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.