Zacks Research Forecasts Weaker Earnings for ABM Industries

ABM Industries Incorporated (NYSE:ABM) – Equities researchers at Zacks Research cut their Q3 2027 earnings estimates for ABM Industries in a report released on Tuesday, September 29th. Zacks Research analyst Team now expects that the business services provider will earn $1.14 per share for the quarter, down from their previous forecast of $1.22. The consensus estimate for ABM Industries’ current full-year earnings is $4.00 per share. Zacks Research also issued estimates for ABM Industries’ Q4 2027 earnings at $1.23 EPS and Q1 2028 earnings at $1.04 EPS.

Other equities analysts have also recently issued reports about the company. UBS Group lifted their price target on ABM Industries from $45.00 to $51.50 and gave the stock a “neutral” rating in a research note on Wednesday, September 9th. Truist Financial increased their price objective on ABM Industries from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, September 14th. Weiss Ratings upgraded shares of ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Finally, Robert W. Baird lifted their target price on shares of ABM Industries from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.88.

ABM Industries Trading Down 1.1%

Shares of ABM stock opened at $48.10 on Thursday. The business has a 50-day moving average of $48.33 and a 200 day moving average of $43.84. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 1.42. ABM Industries has a 1-year low of $36.96 and a 1-year high of $51.29. The stock has a market capitalization of $2.82 billion, a PE ratio of 17.37, a P/E/G ratio of 1.35 and a beta of 0.68.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. ABM Industries had a return on equity of 12.46% and a net margin of 1.82%.The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in ABM Industries in the 2nd quarter worth approximately $410,948,000. Dimensional Fund Advisors LP increased its stake in shares of ABM Industries by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,076,047 shares of the business services provider’s stock valued at $157,007,000 after buying an additional 24,213 shares during the period. Pzena Investment Management LLC bought a new position in shares of ABM Industries during the second quarter valued at approximately $79,995,000. Norges Bank bought a new position in shares of ABM Industries during the fourth quarter valued at approximately $32,850,000. Finally, Invenomic Capital Management LP lifted its stake in ABM Industries by 25.9% in the fourth quarter. Invenomic Capital Management LP now owns 629,452 shares of the business services provider’s stock worth $26,626,000 after acquiring an additional 129,614 shares during the period. Institutional investors own 91.62% of the company’s stock.

ABM Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, October 1st. ABM Industries’s payout ratio is currently 41.88%.

Key Headlines Impacting ABM Industries

Here are the key news stories impacting ABM Industries this week:

• Positive Sentiment: ABM launched a semiconductor technical training facility in Boise, Idaho. The initiative could help the company build specialized talent and capitalize on demand for facilities-management services from semiconductor manufacturers, although the announcement did not provide financial guidance or contract details. ABM launches semiconductor technical training facility in Boise, Idaho
• Positive Sentiment: ABM plans to pay a quarterly dividend of $0.29 per share on November 2, reinforcing its shareholder-return profile. ABM Industries Incorporated to Issue Quarterly Dividend
• Neutral Sentiment: ABM and the Arizona Cardinals highlighted their partnership at State Farm Stadium. The announcement may support brand visibility and customer relationships, but no material revenue or earnings impact was disclosed. ABM and Arizona Cardinals Highlight Partnership at State Farm Stadium
• Negative Sentiment: Zacks Research raised its fiscal 2026 EPS forecast to $3.99 from $3.92, but reduced estimates for fiscal 2027 to $4.23 from $4.30 and fiscal 2028 to $4.49 from $4.55. Quarterly estimates for the first quarter of 2027 and the second and third quarters of 2028 were also trimmed by $0.01 each. The revisions suggest somewhat softer longer-term earnings expectations and likely contributed to the stock’s weakness. The current full-year consensus is $4.01 per share.

ABM Industries Company Profile

ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility and workplace solutions. The company helps organizations operate, maintain and improve their buildings and infrastructure through services that include janitorial and custodial work, facilities engineering, HVAC and mechanical services, parking and transportation management, security, landscaping, and energy and sustainability solutions.

ABM serves a broad range of end markets, including commercial real estate, aviation, education, healthcare, manufacturing, technology, government and sports and entertainment facilities.