ABM Industries (ABM) to Release Earnings on Thursday

ABM Industries (NYSE:ABM) is projected to release its earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.79 per share and revenue of $2.09 billion for the quarter. ABM Industries has set its FY 2025 guidance at 3.600-3.800 EPS and its FY25 guidance at $3.60-$3.80 EPS.Investors interested in participating in the company’s conference call can do so using this link.

ABM Industries (NYSE:ABM) last issued its earnings results on Wednesday, December 18th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. ABM Industries had a net margin of 0.97% and a return on equity of 12.48%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the firm earned $1.01 EPS. ABM Industries’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts expect ABM Industries to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ABM Industries Trading Down 0.4 %

ABM Industries stock opened at $53.87 on Thursday. The stock has a 50-day simple moving average of $52.34 and a 200 day simple moving average of $53.59. The stock has a market capitalization of $3.35 billion, a P/E ratio of 42.42, a PEG ratio of 2.75 and a beta of 1.16. 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 has a 52 week low of $40.50 and a 52 week high of $59.78.

ABM Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd were paid 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 dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, January 2nd. ABM Industries’s payout ratio is currently 83.47%.

Insider Activity at ABM Industries

In other news, 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 value of $528,400.00. Following the completion of the sale, the chief operating officer now owns 87,808 shares of the company’s stock, valued at approximately $4,639,774.72. The trade was a 10.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Dean A. Chin sold 4,281 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total transaction of $224,153.16. Following the transaction, the chief accounting officer now directly owns 18,681 shares in the company, valued at approximately $978,137.16. This represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, UBS Group raised their price target on ABM Industries from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, December 19th.

About ABM Industries

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.