Q3 EPS Estimate for ABM Industries Decreased by Analyst

Key Points

• Zacks Research cut ABM Industries’ Q3 2027 EPS estimate to $1.14 from $1.22, while maintaining a full-year consensus estimate of about $4.00 per share.
• Analysts remain cautious: ABM has an overall “Hold” rating with an average price target of $50.88, while shares opened at $48.10 and were down 1.1%.
• ABM recently exceeded quarterly EPS expectations, reporting $1.04 versus $1.01 consensus, and declared a $0.29 quarterly dividend, equivalent to a 2.4% annual yield.

ABM Industries Incorporated (NYSE:ABM - Free Report) - Stock analysts at Zacks Research reduced their Q3 2027 earnings estimates for ABM Industries in a research note issued to investors on Tuesday, September 29th. Zacks Research analyst Team now expects that the business services provider will earn $1.14 per share for the quarter, down from their prior 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.

Several other research analysts have also recently weighed in on ABM. Truist Financial upped their price target on shares of ABM Industries from $45.00 to $49.00 and gave the stock a "hold" rating in a report on Monday, September 14th. Robert W. Baird boosted their target price on ABM Industries from $48.00 to $53.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 9th. Weiss Ratings upgraded ABM Industries from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday. Finally, UBS Group raised 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. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $50.88.

ABM Industries Stock Down 1.1%

Shares of NYSE:ABM opened at $48.10 on Thursday. The firm has a fifty day moving average price of $48.33 and a two-hundred day moving average price of $43.84. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.35 and a beta of 0.68. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 1.42. ABM Industries has a one year low of $36.96 and a one year high of $51.29.

ABM Industries (NYSE:ABM - Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.32 billion. ABM Industries had a net margin of 1.82% and a return on equity of 12.46%. During the same quarter in the previous year, the company earned $0.82 earnings per share. ABM Industries'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 declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a yield of 2.4%. ABM Industries's dividend payout ratio (DPR) is presently 41.88%.

Hedge Funds Weigh In On ABM Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. purchased a new position in shares of ABM Industries during the 1st quarter valued at about $12,739,000. Quantinno Capital Management LP boosted its stake in ABM Industries by 86.3% in the first quarter. Quantinno Capital Management LP now owns 54,790 shares of the business services provider's stock worth $2,111,000 after buying an additional 25,388 shares in the last quarter. BlackRock Inc. purchased a new stake in ABM Industries in the second quarter worth approximately $410,948,000. Louisiana State Employees Retirement System bought a new position in ABM Industries during the first quarter valued at approximately $1,002,000. Finally, Invenomic Capital Management LP grew its position 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 valued at $26,626,000 after acquiring an additional 129,614 shares during the last quarter. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting ABM Industries

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

• Positive Sentiment: ABM launched a semiconductor technical training facility in Boise, Idaho. The initiative could help the company build specialized talent and capitalize on demand for facilities-management services from semiconductor manufacturers, although the announcement did not provide financial guidance or contract details. ABM launches semiconductor technical training facility in Boise, Idaho
• Positive Sentiment: ABM plans to pay a quarterly dividend of $0.29 per share on November 2, reinforcing its shareholder-return profile. ABM Industries Incorporated to Issue Quarterly Dividend
• Neutral Sentiment: ABM and the Arizona Cardinals highlighted their partnership at State Farm Stadium. The announcement may support brand visibility and customer relationships, but no material revenue or earnings impact was disclosed. ABM and Arizona Cardinals Highlight Partnership at State Farm Stadium
• Negative Sentiment: Zacks Research raised its fiscal 2026 EPS forecast to $3.99 from $3.92, but reduced estimates for fiscal 2027 to $4.23 from $4.30 and fiscal 2028 to $4.49 from $4.55. Quarterly estimates for the first quarter of 2027 and the second and third quarters of 2028 were also trimmed by $0.01 each. The revisions suggest somewhat softer longer-term earnings expectations and likely contributed to the stock’s weakness. The current full-year consensus is $4.01 per share.

About ABM Industries

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.

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.