Zacks Research Raises Earnings Estimates for ABM Industries

Key Points

• Zacks Research raised its FY2026 EPS estimate for ABM Industries to $3.99 from $3.92, near the $4.01 analyst consensus. The firm also issued earnings estimates through FY2028.
• ABM recently reported quarterly EPS of $1.04, beating estimates by $0.03, while revenue reached $2.32 billion, up 4.2% year over year. Management’s FY2026 EPS guidance is $3.95–$4.10.
• The stock was trading at $48.68, while analysts maintained a consensus “Hold” rating with an average price target of $50.88. ABM also declared a quarterly dividend of $0.29 per share, representing a 2.4% annualized yield.

ABM Industries Incorporated (NYSE:ABM - Free Report) - Zacks Research lifted their FY2026 EPS estimates for ABM Industries in a research report issued to clients and investors on Tuesday, September 29th. Zacks Research analyst Team now anticipates that the business services provider will earn $3.99 per share for the year, up from their previous estimate of $3.92. The consensus estimate for ABM Industries' current full-year earnings is $4.01 per share. Zacks Research also issued estimates for ABM Industries' Q1 2027 earnings at $0.89 EPS, FY2027 earnings at $4.23 EPS, Q2 2028 earnings at $1.07 EPS, Q3 2028 earnings at $1.15 EPS and FY2028 earnings at $4.49 EPS.

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

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

ABM Industries Stock Down 0.7%

ABM stock opened at $48.68 on Wednesday. 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 12 month low of $36.96 and a 12 month high of $51.29. The firm has a market capitalization of $2.85 billion, a PE ratio of 17.58, a P/E/G ratio of 1.36 and a beta of 0.68. The company's 50 day simple moving average is $48.31 and its 200-day simple moving average is $43.77.

ABM Industries Dividend Announcement

The business also recently declared 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 dividend payout ratio (DPR) is currently 41.88%.

Institutional Trading of ABM Industries

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of ABM Industries in the 2nd quarter worth $410,948,000. Dimensional Fund Advisors LP grew its stake 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 buying an additional 24,213 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in shares of ABM Industries during the second quarter valued at approximately $79,995,000. Norges Bank acquired a new position in ABM Industries in the 4th quarter worth $32,850,000. Finally, Invenomic Capital Management LP increased its holdings in ABM Industries by 25.9% during the 4th quarter. Invenomic Capital Management LP now owns 629,452 shares of the business services provider's stock worth $26,626,000 after purchasing an additional 129,614 shares during the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

About ABM Industries

ABM Industries Incorporated NYSE: ABM is a provider of integrated facility and workplace solutions. The company helps organizations operate and maintain their buildings and infrastructure through services that include janitorial and custodial work, engineering and maintenance, electrical and lighting solutions, HVAC services, landscaping, energy management, and facility operations.

ABM also provides specialized services for aviation, parking, education, healthcare, manufacturing, logistics, commercial real estate, sports and entertainment venues, and government facilities.

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