ABM Industries (NYSE:ABM) Updates FY 2026 Earnings Guidance

ABM Industries (NYSE:ABM) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 3.850-4.15 for the period, compared to the consensus EPS estimate of 4.010. The company issued revenue guidance of -.

ABM Industries Price Performance

ABM stock opened at $43.47 on Friday. The firm has a 50 day simple moving average of $43.88 and a two-hundred day simple moving average of $46.05. The stock has a market cap of $2.66 billion, a PE ratio of 16.78 and a beta of 0.74. ABM Industries has a one year low of $40.00 and a one year high of $54.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.48 and a quick ratio of 1.49.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Wednesday, December 17th. The business services provider reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.21). ABM Industries had a net margin of 1.86% and a return on equity of 11.96%. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the business posted $0.90 EPS. 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, analysts predict that ABM Industries will post 3.71 EPS for the current fiscal year.

ABM Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, January 14th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, January 14th. This is an increase from ABM Industries’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. ABM Industries’s dividend payout ratio (DPR) is 40.93%.

ABM Industries declared that its Board of Directors has approved a share repurchase plan on Friday, September 5th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird restated a “neutral” rating and issued a $54.00 price objective (down from $56.00) on shares of ABM Industries in a report on Monday, September 8th. Wall Street Zen lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Baird R W lowered shares of ABM Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, October 8th. Finally, UBS Group restated a “neutral” rating and issued a $51.00 price objective (down from $55.00) on shares of ABM Industries in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, ABM Industries currently has a consensus rating of “Hold” and an average target price of $54.33.

Hedge Funds Weigh In On ABM Industries

Several large investors have recently made changes to their positions in the business. Invesco Ltd. grew its stake in shares of ABM Industries by 31.7% in the 3rd quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock worth $110,267,000 after buying an additional 575,273 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in ABM Industries by 419.5% in the third quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock worth $51,254,000 after acquiring an additional 897,402 shares in the last quarter. Bank of America Corp DE boosted its holdings in ABM Industries by 0.3% in the second quarter. Bank of America Corp DE now owns 698,434 shares of the business services provider’s stock worth $32,973,000 after acquiring an additional 2,396 shares in the last quarter. Millennium Management LLC grew its stake in shares of ABM Industries by 883.5% in the third quarter. Millennium Management LLC now owns 672,200 shares of the business services provider’s stock worth $31,002,000 after acquiring an additional 603,853 shares during the last quarter. Finally, Simcoe Capital Management LLC bought a new position in shares of ABM Industries during the second quarter valued at $20,720,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

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.