ABM Industries Updates FY 2025 Earnings Guidance

ABM Industries (NYSE:ABM) has released an updated earnings guidance for the fiscal year 2025 on Wednesday morning. The company has provided an earnings per share (EPS) guidance range of $3.600 to $3.800 for the period. This guidance is notably different from the consensus EPS estimate, which stands at $3.660.

Analyst Outlook for ABM Industries

Wall Street analysts are optimistic about the company's prospects. Recently, several analysts have upgraded their price targets for ABM Industries. For instance, Robert W. Baird increased its target price from $49.00 to $56.00 while maintaining a "neutral" rating. Similarly, Truist Financial raised its target price from $49.00 to $55.00 and also issued a "hold" rating. Additionally, UBS Group adjusted their price target from $51.00 to $55.00, reinforcing their "neutral" rating on the stock.

Stock Performance Overview

On the day of the earnings guidance update, ABM Industries shares opened at $54.91. Over the past year, the stock has fluctuated between a low of $39.64 and a high of $59.78. The company has maintained a market capitalization of approximately $3.45 billion and boasts a price-to-earnings ratio of 22.69. The stock has demonstrated a moving average of $55.37 over the last 50 days and $53.30 over the past 200 days.

Dividend Increase Announcement

In a positive development for shareholders, ABM Industries announced an increase in its quarterly dividend. Shareholders of record on January 2nd will receive a dividend of $0.265 per share. This increase from the previous $0.23 indicates the company’s intent to provide steady returns to its investors. The payment is scheduled for February 3rd, and the current annualized dividend yield is about 1.93%, with a payout ratio of 43.80%.

Insider Transactions

In related news, Chief Financial Officer Earl Ray Ellis sold 40,000 shares of ABM Industries stock on October 14th at an average price of $53.96. This sale amounted to $2,158,400.00, and after the transaction, Ellis retains 45,260 shares in the company, valued at approximately $2.44 million, reflecting a 46.92% decrease in their holdings. This information was disclosed in a filing with the Securities and Exchange Commission.

About ABM Industries

ABM Industries Incorporated is primarily engaged in providing integrated facility, infrastructure, and mobility solutions, serving both domestic and international markets. The company has multiple operational segments including Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions.

ABM, Earnings, Guidance