ABM Industries Updates FY 2025 Earnings Guidance

ABM Industries (NYSE:ABM) has issued an update regarding its earnings outlook for the fiscal year 2025. The company announced that it expects an earnings per share (EPS) in the range of 3.600 to 3.800. This guidance is slightly above the consensus estimate of 3.660, indicating a positive outlook for the company during this period.

Analyst Perspectives on ABM Industries

Several financial analysts have recently expressed their perspectives on ABM Industries. Robert W. Baird has increased their target price for the company from $49.00 to $56.00 and maintains a "neutral" rating on the stock as of September 9th. Similarly, Truist Financial has raised its price target from $49.00 to $55.00 while issuing a "hold" rating on the shares. UBS Group has also adjusted its price target for ABM Industries from $51.00 to $55.00, reiterating a "neutral" rating.

Current Price Performance of ABM Industries

On Wednesday, the 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. Key financial ratios for the company indicate a current ratio of 1.38, a quick ratio of 1.38, and a debt-to-equity ratio of 0.71. With a market capitalization of $3.45 billion, ABM Industries has a price-to-earnings ratio of 22.69. The stock is currently trading above its 50-day moving average of $55.37 and its 200-day moving average of $53.30.

Dividend Update from ABM Industries

ABM Industries has also announced an increase in its quarterly dividend. The upcoming dividend, which will be paid on February 3rd, will be $0.265 per share. This is a rise from the previous quarterly dividend of $0.23. Shareholders who hold stocks by January 2nd will be eligible for this dividend, with an ex-dividend date also set for January 2nd. This represents an annualized dividend of $1.06 and a yield of 1.93%. The company's payout ratio currently stands at 43.80%.

Insider Trading Activity

In recent insider trading news, CFO Earl Ray Ellis sold 40,000 shares of ABM's stock at an average price of $53.96, totaling approximately $2,158,400. Following this sale, Ellis now holds 45,260 shares valued at around $2.44 million. This sale represents a significant decrease of 46.92% in his holdings. Currently, corporate insiders own about 1.04% of the total shares.

About ABM Industries

ABM Industries Incorporated provides integrated facility solutions as well as mobility services in both the United States and internationally. The company operates across various sectors including Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions.

ABM, Earnings, Guidance