Latest news with #ABMIndustriesIncorporated
Yahoo
16-06-2025
- Business
- Yahoo
ABM Stock Price Decreases 12% Since Reporting Q2 Earnings Miss
ABM ABM reported mixed second-quarter fiscal 2025 results. Earnings per share (EPS) missed the Zacks Consensus Estimate, while revenues beat the same. Dismal earnings results and weak EPS guidance disappointed investors, as the ABM stock has declined 12.3% since the release of results on June 6. For fiscal 2025, ABM expects an adjusted EPS of $3.65-$3.80. The mid-point of the guided range ($3.73) is lower than the Zacks Consensus Estimate of $3.74. ABM's EPS (excluding 19 cents from non-recurring items) was 86 cents, which missed the Zacks Consensus Estimate by 1.2% and declined 1.2% year over year. Total revenues of $2.1 billion surpassed the consensus mark by 2.2% and increased 4.6% from the year-ago quarter. The company's shares have declined 5.3% in the past three months against the12.2% rally of the industry and the 5.5% rise of the Zacks S&P 500 composite. ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote The Business & Industry segment's revenues gained 2.6% on a year-over-year basis to $1 billion and met our estimate. Healthy office leasing activity aided this segment's growth. The Manufacturing & Distribution segment's revenues increased 2.4% from the year-ago quarter to $398.1 million, missing our estimation of $369.6 million. Strong industrial activity, new business pipeline and expansion efforts have been benefiting this segment's growth. The aviation segment's revenues increased 9.2% from the year-ago quarter to $260.1 million, missing our estimate of $253.2 million. Robust domestic air travel led to the aviation segment's growth. The education segment's revenues were $227.8 million, a marginal rise from the year-ago quarter. It missed our estimate of $228.3 million. The marginal rise in this segment's revenues is facilitated by the continued focus on large school districts and universities. Technical solutions gained 19.3% from second-quarter fiscal 2024 to $210.2 million. The metric missed our estimate of $214.5 million. Multiple factors, including strong microgrid business, $700 in total segment backlog and high demand in data centers, led to this segment's improvement. Adjusted EBITDA was $125.9 million, up 4% from the year-ago quarter. The adjusted EBITDA margin was 6.2%, flat with second-quarter fiscal 2024. The company exited second-quarter fiscal 2025 with cash and cash equivalents of $58.7 million compared with $59 million at the end of the preceding quarter. The long-term debt (net) was $1.5 billion flat with the first quarter of fiscal 2025. Net cash utilized by operating activities was $32.3 million for the quarter. The free cash flow was $15.2 million. ABM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. S&P Global Inc. SPGI reported impressive first-quarter 2025 results. SPGI's adjusted EPS of $4.37 surpassed the Zacks Consensus Estimate by 3.6% and gained 9% year over year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Revenues of $3.8 billion beat the consensus estimate by 2% and grew 8.3% year over year. Verisk VRSK posted impressive first-quarter fiscal 2025 results. VRSK's adjusted earnings were $1.73 per share, surpassing the Zacks Consensus Estimate by 3.6% and increasing 6.1% from the year-ago quarter. Total revenues of $753 million beat the consensus estimate marginally and increased 7% on a year-over-year basis. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report S&P Global Inc. (SPGI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
30-05-2025
- Business
- Yahoo
ABM Stock Surges 7%: Transformation, Strategic Moves Drive Gains
ABM ABM climbed 7% over the past month, outperforming the Zacks S&P 500 composite's 6% rally. This performance is partly due to a disciplined transformation strategy that's reshaped the company from the inside out. In 2015, ABM launched its bold transformation blueprint — dubbed the 2020 Vision — with a clear mission: to drive long-term, profitable growth through a streamlined, industry-focused operating model. The company centralized functions, built out sales infrastructure and standardized service delivery across high-demand verticals, including janitorial, engineering, HVAC, energy, and mission-critical services, becoming a more agile operator. In 2021, it launched ELEVATE, a next-gen strategic plan focused on digitization, data, and workforce development. The impact is stronger client traction and operational scalability. ABM Industries Incorporated price | ABM Industries Incorporated Quote ABM's 2024 acquisition of Quality Uptime marked a significant shift in the rapidly growing data center space. As AI demand spikes, so does the need for reliable, mission-critical infrastructure. Quality Uptime brings with it capabilities in electrical testing, UPS and breaker maintenance, and power distribution, critical systems for AI-driven facilities. This move elevates ABM to a full-suite provider for data centers, unlocking high-margin growth potential in one of the fastest-expanding segments of the tech industry. ABM is not just growing, it's rewarding. In fiscal years 2022, 2023, and 2024, the company distributed dividends of $51.9 million, $57.5 million, and $56.5 million, respectively. Additionally, it returned $97.5 million, $138.1 million, and $56.1 million through share repurchases in fiscal 2022, 2023, and 2024, respectively. These actions reflect ABM's dedication to enhancing shareholder value and its confidence in the business's long-term potential. With a current ratio of 1.52 versus the industry average of 1.31, ABM maintains a solid financial footing. Its strong liquidity ensures operational agility and reinforces investor confidence, especially in volatile market conditions. ABM has a Zacks Rank #2 (Buy) at present. Some other top-ranked stocks from the broader Zacks Business Services sector are Marqeta MQ and SPX Technologies SPXC, carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Marqeta has a long-term earnings growth expectation of 28%. MQ delivered a trailing four-quarter earnings surprise of 24.4% on average. SPX Technologies has a long-term earnings growth expectation of 18%. SPXC delivered a trailing four-quarter earnings surprise of 8.3% on average. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report SPX Technologies, Inc. (SPXC) : Free Stock Analysis Report Marqeta, Inc. (MQ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
17-04-2025
- Business
- Yahoo
Jim Cramer Calls ABM Industries (ABM) a 'Trump-Proof' Hidden Gem
We recently published a list of . In this article, we are going to take a look at where ABM Industries Incorporated (NYSE:ABM) stands against other stocks that Jim Cramer discusses. On Monday, Jim Cramer, the host of Mad Money, highlighted how the market has turned upside down, with investors now buying stocks that they used to dislike, saying: 'If you told me this is where the market was headed two or three months ago, I would have thought you were insane, even crazier than I am. This radical transition over the past few weeks has just been frankly unfathomable. We're now buying stocks we hated and we're despising, and guess what we are now selling short the stocks that we used to worship. And it's all happening on the fly. […] You can't tell what's underneath though but that makes it much easier for those real seekers who want to surf the Trump 'stock wave'.' READ ALSO: and Cramer centered the episode around the question on every investor's mind: has the market finally bottomed? 'Fresh off a turbulent week for the tape, I'm opening up the phone lines and answering your most pressing questions because are we at a bottom? That's what everybody wants to know. […] Well, the tariff exemptions, it looks like they're coming. Market was eager to take a sigh of relief. I'm not so sure where we are with them, but the major indices jumped higher on President Trump's announcement of temporary exemption on tariffs for phones computers and semiconductors, and really, I guess the subtext is for Apple. But in a tape this volatile we have headlines dropping left and right, I've got to tell you, I spend so much time trying to figure out what's going on, but I think that periodically I nail it. So tonight what I want to do is open up our phone lines to hear directly from you, from the people of America.' For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 14. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A side view of a large commercial aircraft taking off from a modern airport Industries Incorporated (NYSE:ABM) is a facilities management company providing cleaning, engineering, parking, and energy solutions across commercial properties, airports, schools, and manufacturing facilities. Following a viewer question from a previous episode, Cramer invited ABM's CEO Scott Salmirs on the show for a deeper look at the business. Here's what he said: 'A couple weeks ago I got a call about a company called ABM Industries which is a facilities management company that serves customers across a wide range of industries. I said I like it because ABM is what you might describe as Trump proof, meaning it's mostly immune from the White House's impossible-to-pin-down tariff policy. Now even though I like it, the stock's had some strange reactions the last couple of quarters selling off despite what I thought were positive numbers, including when they reported about a month ago. I think this one's worth doing some digging here. […] This is the kind of stock as you heard from the top of my show, that I am really, really interested in.' Here's what Jim Cramer said about ABM Industries Incorporated (NYSE:ABM) when asked about it the first time: 'I like that stock… Do you know… that no one in the 20 years of this show has ever asked me about a stock that I just like plain and simple? You've got a good one. It's a janitorial as you alluded to, lighting, parking, security. This is the kind of company that Trump cannot hurt. He can wake up and say, how do I destroy ABM? And he can't. It's Trump proof.' Overall, ABM ranks 9th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ABM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ABM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
05-04-2025
- Business
- Yahoo
Jim Cramer Says ABM Industries (ABM) Is ‘Trump-Proof' and Simply a Stock to Like
We recently published a list of . In this article, we are going to take a look at where ABM Industries Incorporated (NYSE:ABM) stands against other stocks that are on Jim Cramer's radar. On Thursday, Jim Cramer, the host of Mad Money, addressed the growing concerns surrounding the current tariff policies. He questioned the effectiveness of these tariffs as he asked: 'What's the deal with these heavy-handed tariffs? Look, I've never been a dogmatic free trader. I believe in fair trade, a pretty fierce belief just so you know and we can only get that by lowering the boom on our trading partners who rip us off as a matter of policy.' READ ALSO: Jim Cramer's Take on These 10 Stocks and Jim Cramer's Lightning Round: 8 Stocks in Focus Cramer explained that while he has always supported the idea of tariffs in principle, especially when they are part of a well-thought-out strategy, he expressed frustration over how the new trade regime is being executed. He said he was taken aback by how poorly the administration was rolling out these changes, which he felt lacked a clear and coherent plan. Cramer then pointed out what James Surowiecki, the author of The Wisdom of Crowds, said about how the White House is calculating tariffs. 'The White House simply took our trade deficit with each country and then divided it by that country's exports to America. Then they cut that number in half to determine the tariff rate we'd be slapping on the country in question.' Cramer noted that just hours later, an unnamed official from the White House confirmed this and described it as 'the sum of all unfair trade practices, the sum of all cheating.' Cramer called it ill-advised. Later in the day, President Trump made a statement suggesting that he might be open to reducing tariffs if presented with 'phenomenal' offers. However, Cramer raised an important question: 'Who determines what those offers are, and what do they even mean?' He admitted that he had no clear answer to that question. 'Here's the bottom line: I wish I could get behind this new tariff regime because I've never been a free trader ever. But the White House doesn't seem to understand what it's trying to do and the not-really-reciprocal tariffs we got yesterday could do tremendous damage to the US economy, of course including the stock market, without changing the bad behavior of our trading partners. To me, this has become a lose-lose, which is very tough to accept because I wanted tariffs to change things, not to wreck things.' For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 3. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A side view of a large commercial aircraft taking off from a modern airport runway. Number of Hedge Fund Holders: 14 A caller asked Cramer's thoughts on ABM Industries Incorporated (NYSE:ABM) and he commented: 'I like that stock… Do you know… that no one in the 20 years of this show has ever asked me about a stock that I just like plain and simple? You've got a good one. It's a janitorial as you alluded to, lighting, parking, security. This is the kind of company that Trump cannot hurt. He can wake up and say, how do I destroy ABM? And he can't. It's Trump proof.' ABM Industries (NYSE:ABM) provides a wide range of integrated services, including janitorial, engineering, parking, and vehicle maintenance. The company posted its first-quarter fiscal 2025 results on March 12. It generated $2.1 billion in revenue, which was a 2.2% increase compared to the same period last year. It was driven by a 1.6% rise in organic growth and additional revenue from acquisitions. ABM Industries (NYSE:ABM) net income for the quarter was $43.6 million, or $0.69 per diluted share, slightly lower than the previous year's net income of $44.7 million, or $0.70 per diluted share. Adjusted EBITDA for the period was reported to be $120.6 million, with an adjusted EBITDA margin of 5.9%. Overall, ABM ranks 10th on our list of stocks that are on Jim Cramer's radar. While we acknowledge the potential of ABM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ABM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
