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

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

ABM Industries Stock Up 1.7%

Shares of ABM Industries stock opened at $39.86 on Friday. 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 firm has a market cap of $2.33 billion, a P/E ratio of 15.69 and a beta of 0.71. ABM Industries has a fifty-two week low of $36.96 and a fifty-two week high of $52.06. The business has a 50-day moving average price of $39.53 and a 200 day moving average price of $42.17.

ABM Industries Dividend Announcement

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

Hedge Funds Weigh In On ABM Industries

Several institutional investors have recently made changes to their positions in ABM. Ameriprise Financial Inc. grew its holdings in shares of ABM Industries by 419.5% during the third quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock valued at $51,254,000 after purchasing an additional 897,402 shares during the last quarter. Millennium Management LLC grew its holdings in shares of ABM Industries by 883.5% during the third quarter. Millennium Management LLC now owns 672,200 shares of the business services provider’s stock valued at $31,002,000 after purchasing an additional 603,853 shares during the last quarter. Invesco Ltd. grew its holdings in shares of ABM Industries by 31.7% during the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock valued at $110,267,000 after purchasing an additional 575,273 shares during the last quarter. Simcoe Capital Management LLC bought a new position in shares of ABM Industries during the second quarter valued at approximately $20,720,000. Finally, Barclays PLC lifted its stake in ABM Industries by 268.4% in the fourth quarter. Barclays PLC now owns 379,147 shares of the business services provider’s stock valued at $16,038,000 after buying an additional 276,232 shares during the last quarter. 91.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ABM Industries Company Profile

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.