ABM Industries (NYSE:ABM) Sets New 1-Year High on Earnings Beat

ABM Industries Incorporated (NYSE:ABM) shares reached a new 52-week high during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as high as $50.42 and last traded at $50.6430, with a volume of 454932 shares. The stock had previously closed at $47.05.

The business services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS.

Key ABM Industries News

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

• Positive Sentiment: Strong quarterly results: Adjusted EPS rose 27% year over year to $1.04, exceeding the $1.01 analyst consensus. Revenue increased 4.2% to a record $2.32 billion, in line with expectations, while adjusted EBITDA improved 11% to $139.6 million. ABM Reports Fiscal Third Quarter 2026 Results
• Positive Sentiment: Raised fiscal 2026 guidance: ABM lifted its adjusted EPS outlook to $3.95-$4.10, putting the midpoint above the roughly $3.98 analyst estimate. The company also increased expectations for operating cash flow and free cash flow, supporting the case for improved earnings and capital returns. ABM Industries Boosts FY26 Outlook; Declares Dividend
• Positive Sentiment: Cash generation and dividend: Third-quarter operating cash flow was $146.8 million and free cash flow was $128.4 million. ABM also declared a dividend, reinforcing its shareholder-return profile. ABM Reports Fiscal Third Quarter 2026 Results
• Neutral Sentiment: Growth was supported by 2.1% organic expansion and 2.1% acquisition-related growth. Analysts point to broad segment growth, rising earnings expectations and strong liquidity as reasons to retain ABM stock. Why Retain ABM Stock
• Negative Sentiment: Margin pressure and competition remain risks, while the reported average analyst price target of $47 is below the stock’s recent trading level, potentially limiting near-term upside. ABM Analyst Price Target

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Robert W. Baird upped their price objective on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, June 8th. Weiss Ratings raised ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.00.

Insider Transactions at ABM Industries

In other ABM Industries news, CEO Scott Salmirs sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the completion of the sale, the chief executive officer directly owned 395,285 shares in the company, valued at $18,317,506.90. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by company insiders.

Institutional Trading of ABM Industries

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in ABM Industries in the 2nd quarter valued at $410,948,000. Dimensional Fund Advisors LP boosted its position in shares of ABM Industries by 0.6% in 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 acquiring an additional 24,213 shares during the period. California State Teachers Retirement System grew its stake in shares of ABM Industries by 4,207.4% in the second quarter. California State Teachers Retirement System now owns 3,125,335 shares of the business services provider’s stock valued at $138,265,000 after acquiring an additional 3,052,778 shares in the last quarter. Invesco Ltd. increased its position in ABM Industries by 31.7% during the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock worth $110,267,000 after acquiring an additional 575,273 shares during the period. Finally, Pzena Investment Management LLC acquired a new stake in ABM Industries in the 2nd quarter worth about $79,995,000. 91.62% of the stock is currently owned by institutional investors.

ABM Industries Stock Up 7.8%

The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market cap of $2.97 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.23 and a beta of 0.68. The stock’s fifty day simple moving average is $46.99 and its 200-day simple moving average is $43.13.

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.