ABM Industries Incorporated (NYSE:ABM) Declares Dividend Increase – $0.29 Per Share

ABM Industries Incorporated (NYSE:ABM) declared a quarterly dividend on Wednesday, December 17th. Shareholders of record on Wednesday, January 14th will be paid a dividend of 0.29 per share by the business services provider on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, January 14th. This is a 9.4% increase from ABM Industries’s previous quarterly dividend of $0.27.

ABM Industries has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 59 consecutive years. ABM Industries has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ABM Industries to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 25.9%.

ABM Industries Stock Down 9.5%

ABM stock traded down $4.60 during trading on Thursday, hitting $43.65. 888,245 shares of the stock traded hands, compared to its average volume of 519,674. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 23.74 and a beta of 0.74. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.49 and a quick ratio of 1.49. ABM Industries has a 1 year low of $40.00 and a 1 year high of $54.90. The firm’s 50 day moving average is $43.90 and its two-hundred day moving average is $46.07.

ABM Industries (NYSE:ABM) last announced its earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.21). ABM Industries had a net margin of 1.34% and a return on equity of 12.12%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, sell-side analysts anticipate that ABM Industries will post 3.71 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on ABM. Robert W. Baird reiterated a “neutral” rating and set a $54.00 price objective (down previously from $56.00) on shares of ABM Industries in a research report on Monday, September 8th. Baird R W cut shares of ABM Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Wall Street Zen downgraded ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, October 8th. Finally, UBS Group reiterated a “neutral” rating and set a $51.00 price objective (down previously from $55.00) on shares of ABM Industries in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, ABM Industries currently has an average rating of “Hold” and a consensus target price of $54.33.

ABM Industries Company Profile

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.