ABM Industries (NYSE:ABM) Posts Earnings Results, Misses Estimates By $0.02 EPS

ABM Industries (NYSE:ABM) released its quarterly earnings data on Friday. The business services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02), FiscalAI reports. ABM Industries had a net margin of 1.78% and a return on equity of 11.77%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.21 billion. ABM Industries updated its FY 2026 guidance to 3.850-4.150 EPS.

ABM Industries Trading Up 1.7%

NYSE:ABM opened at $39.86 on Friday. The stock’s 50 day moving average price is $39.53 and its 200 day moving average price is $42.17. The company has a market capitalization of $2.33 billion, a PE ratio of 15.69 and a beta of 0.71. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. ABM Industries has a 52-week low of $36.96 and a 52-week high of $52.06.

ABM Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Thursday, April 2nd were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, April 2nd. ABM Industries’s dividend payout ratio (DPR) is currently 45.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its stake in shares of ABM Industries by 2.1% in the fourth quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock worth $474,000 after acquiring an additional 231 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of ABM Industries by 4.2% in the third quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock worth $297,000 after acquiring an additional 259 shares in the last quarter. Royal Bank of Canada lifted its stake 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 acquiring an additional 312 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of ABM Industries by 3.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 10,822 shares of the business services provider’s stock worth $458,000 after acquiring an additional 320 shares in the last quarter. Finally, Amundi lifted its stake in shares of ABM Industries by 4.1% in the fourth quarter. Amundi now owns 12,097 shares of the business services provider’s stock worth $512,000 after acquiring an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ABM shares. Truist Financial dropped their price objective on ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings downgraded ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. UBS Group dropped their price target on ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Maxim Group upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, March 11th. Finally, Robert W. Baird dropped their price target on ABM Industries from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.25.

About ABM Industries

ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company’s core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.

Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.