Zacks Research Lowers Earnings Estimates for ABM Industries

ABM Industries Incorporated (NYSE:ABM) – Zacks Research decreased their Q3 2027 earnings per share estimates for ABM Industries in a report released on Tuesday, September 29th. Zacks Research analyst Team now expects that the business services provider will post earnings of $1.14 per share for the quarter, down from their previous estimate of $1.22. The consensus estimate for ABM Industries’ current full-year earnings is $4.00 per share. Zacks Research also issued estimates for ABM Industries’ Q4 2027 earnings at $1.23 EPS and Q1 2028 earnings at $1.04 EPS.

A number of other research analysts have also weighed in on ABM. Robert W. Baird raised their target price on shares of ABM Industries from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 9th. Truist Financial upped their price target on ABM Industries from $45.00 to $49.00 and gave the company a “hold” rating in a research report on Monday, September 14th. UBS Group increased their price target on ABM Industries from $45.00 to $51.50 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Finally, Weiss Ratings upgraded ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.88.

ABM Industries Stock Performance

ABM opened at $48.93 on Thursday. ABM Industries has a twelve month low of $36.96 and a twelve month high of $51.29. The firm has a market capitalization of $2.87 billion, a PE ratio of 17.67, a PEG ratio of 1.35 and a beta of 0.64. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.97. The firm’s 50-day moving average price is $48.38 and its 200 day moving average price is $43.94.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Tuesday, September 8th. The business services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. ABM Industries had a return on equity of 12.46% and a net margin of 1.82%.The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a yield of 2.4%. ABM Industries’s payout ratio is 41.88%.

Hedge Funds Weigh In On ABM Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of ABM Industries during the 2nd quarter worth approximately $410,948,000. Dimensional Fund Advisors LP lifted its holdings in 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 last quarter. Pzena Investment Management LLC purchased a new position in ABM Industries in the second quarter worth approximately $79,995,000. Norges Bank purchased a new position in ABM Industries in the fourth quarter worth approximately $32,850,000. Finally, Invenomic Capital Management LP increased its stake in ABM Industries by 25.9% during the fourth quarter. Invenomic Capital Management LP now owns 629,452 shares of the business services provider’s stock worth $26,626,000 after acquiring an additional 129,614 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

ABM Industries Company Profile

ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility and workplace solutions. The company helps organizations operate, maintain and improve their buildings and infrastructure through services that include janitorial and custodial work, facilities engineering, HVAC and mechanical services, parking and transportation management, security, landscaping, and energy and sustainability solutions.

ABM serves a broad range of end markets, including commercial real estate, aviation, education, healthcare, manufacturing, technology, government and sports and entertainment facilities.