ABM Industries Incorporated (NYSE:ABM) Announces $0.29 Quarterly Dividend

ABM Industries Incorporated (NYSE:ABM) declared a quarterly dividend on Tuesday, March 10th. Shareholders of record on Thursday, April 2nd will be given a dividend of 0.29 per share by the business services provider on Monday, May 4th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, April 2nd.

ABM Industries has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 59 years. ABM Industries has a dividend payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect ABM Industries to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 28.3%.

ABM Industries Price Performance

Shares of ABM stock opened at $41.14 on Wednesday. The firm has a fifty day moving average of $44.78 and a two-hundred day moving average of $44.78. The firm has a market cap of $2.41 billion, a P/E ratio of 16.02 and a beta of 0.73. ABM Industries has a 1-year low of $39.12 and a 1-year high of $52.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.48 and a quick ratio of 1.48.

ABM Industries (NYSE:ABM) last issued its earnings results on Tuesday, March 10th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.19 billion. ABM Industries had a net margin of 1.86% and a return on equity of 11.96%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, research analysts anticipate that ABM Industries will post 3.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group restated a “neutral” rating and set a $51.00 price objective (down from $55.00) on shares of ABM Industries in a research note on Thursday, December 18th. Truist Financial decreased their target price on ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday. Robert W. Baird lowered their price target on ABM Industries from $52.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday. Wall Street Zen lowered ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Maxim Group upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $47.75.

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.