ABM Industries Incorporated (NYSE:ABM) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Four of five analysts rate ABM Industries neutral, while one recommends buying; the average 12-month price target is $47.00.
• ABM reported quarterly revenue of $2.29 billion, up 8.4% year over year and above estimates, but earnings per share of $0.90 narrowly missed the $0.92 consensus. Management’s fiscal 2026 EPS guidance is $3.85–$4.15.
• The company pays a quarterly dividend of $0.29, equivalent to a 2.5% yield, while institutional investors own 91.62% of the stock; CEO Scott Salmirs sold 50,000 shares under a pre-arranged trading plan.

ABM Industries Incorporated (NYSE:ABM - Get Free Report) has earned an average recommendation of "Hold" from the five analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $47.00.

Several research analysts recently commented on the company. Robert W. Baird increased their price target on ABM Industries from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday, June 8th. Weiss Ratings raised ABM Industries from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th.

ABM Industries Stock Down 0.6%

ABM Industries stock opened at $46.33 on Wednesday. The company has a market cap of $2.71 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68. ABM Industries has a 1-year low of $36.96 and a 1-year high of $50.12. The company has a fifty day simple moving average of $46.83 and a 200 day simple moving average of $43.05. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.04.

ABM Industries (NYSE:ABM - Get Free Report) last issued its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.21 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Research analysts anticipate that ABM Industries will post 3.97 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 2nd were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.16 annualized dividend and a dividend yield of 2.5%. ABM Industries's dividend payout ratio (DPR) is currently 44.62%.

Insiders Place Their Bets

In related news, CEO Scott B. Salmirs sold 50,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer directly owned 395,285 shares in the company, valued at approximately $18,317,506.90. The trade was a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of ABM Industries during the 2nd quarter worth about $410,948,000. Dimensional Fund Advisors LP lifted its stake in ABM Industries by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,076,047 shares of the business services provider's stock valued at $157,007,000 after purchasing an additional 24,213 shares during the last quarter. California State Teachers Retirement System grew its holdings in ABM Industries by 4,207.4% during the second quarter. California State Teachers Retirement System now owns 3,125,335 shares of the business services provider's stock worth $138,265,000 after purchasing an additional 3,052,778 shares during the period. Invesco Ltd. grew its holdings 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 purchasing an additional 575,273 shares during the period. Finally, Pzena Investment Management LLC acquired a new position in ABM Industries during the second quarter worth approximately $79,995,000. Institutional investors own 91.62% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source