ABM Industries (NYSE:ABM) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

ABM Industries (NYSE:ABM) posted its quarterly earnings data on Friday. The business services provider reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01), RTT News reports. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.07 billion. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. ABM Industries updated its FY 2025 guidance to 3.650-3.800 EPS.

ABM Industries Trading Down 9.1%

Shares of ABM opened at $46.59 on Friday. ABM Industries has a fifty-two week low of $40.85 and a fifty-two week high of $59.78. The business has a 50-day moving average of $48.99 and a 200 day moving average of $51.25. The firm has a market cap of $2.90 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.83. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.28%. ABM Industries’s payout ratio is 84.13%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ABM shares. Wall Street Zen lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 31st. UBS Group dropped their target price on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th.

Insider Buying and Selling at ABM Industries

In other news, CEO Scott B. Salmirs sold 37,065 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.37, for a total value of $1,941,094.05. Following the sale, the chief executive officer now owns 369,656 shares of the company’s stock, valued at $19,358,884.72. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sean Michael Mahoney sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $50.03, for a total transaction of $90,054.00. Following the completion of the transaction, the executive vice president now directly owns 47,425 shares of the company’s stock, valued at approximately $2,372,672.75. This trade represents a 3.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,374 shares of company stock valued at $2,733,303 over the last three months. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ABM Industries

A number of large investors have recently made changes to their positions in ABM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in ABM Industries by 5.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,038 shares of the business services provider’s stock worth $8,527,000 after purchasing an additional 8,704 shares in the last quarter. Jane Street Group LLC increased its position in shares of ABM Industries by 592.0% during the first quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock valued at $6,640,000 after buying an additional 119,942 shares during the period. Royal Bank of Canada lifted its holdings in shares of ABM Industries by 0.4% in the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock worth $4,100,000 after buying an additional 312 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of ABM Industries by 2.2% in the first quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock worth $3,767,000 after buying an additional 1,734 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ABM Industries by 2.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider’s stock valued at $1,752,000 after acquiring an additional 984 shares during the period. 91.62% of the stock is owned by institutional investors.

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.