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

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

ABM Industries Price Performance

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

ABM Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, April 2nd. ABM Industries’s dividend payout ratio is 45.67%.

Hedge Funds Weigh In On ABM Industries

Several institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its stake in ABM Industries by 590.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock worth $28,000 after acquiring an additional 520 shares during the period. Quarry LP grew its holdings in ABM Industries by 667.0% during the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after buying an additional 767 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in ABM Industries during the 4th quarter valued at approximately $57,000. Headlands Technologies LLC purchased a new stake in ABM Industries during the 2nd quarter valued at approximately $94,000. Finally, Quadrant Capital Group LLC purchased a new stake in ABM Industries during the 3rd quarter valued at approximately $177,000. Institutional investors own 91.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group dropped their price target on shares of 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 shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Wednesday, March 11th. Robert W. Baird lowered their target price on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Truist Financial lowered their target price on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Finally, Weiss Ratings cut shares of ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, ABM Industries currently has a consensus rating of “Hold” and an average target price 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.