ABM Industries (NYSE:ABM) Hits New 1-Year Low on Disappointing Earnings

ABM Industries Incorporated (NYSE:ABM)’s share price reached a new 52-week low during trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $39.12 and last traded at $41.06, with a volume of 191411 shares trading hands. The stock had previously closed at $43.28.

The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). ABM Industries had a net margin of 1.86% and a return on equity of 11.96%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business posted $0.87 EPS. ABM Industries’s revenue was up 6.1% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS.

ABM Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, January 14th were paid a $0.29 dividend. This is a boost from ABM Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.8%. ABM Industries’s dividend payout ratio is presently 44.79%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ABM. UBS Group restated a “neutral” rating and issued a $51.00 price objective (down from $55.00) on shares of ABM Industries in a research note on Thursday, December 18th. Truist Financial reiterated a “hold” rating and issued a $47.00 price target (down from $58.00) on shares of ABM Industries in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.67.

Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 31,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total value of $1,369,220.08. Following the completion of the transaction, the chief operating officer owned 51,714 shares of the company’s stock, valued at $2,281,621.68. This trade represents a 37.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ABM Industries

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its position in shares of ABM Industries by 590.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock worth $28,000 after buying an additional 520 shares during the period. First Horizon Corp raised its position in shares of ABM Industries by 141.4% in the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 519 shares in the last quarter. Quarry LP grew its position in shares of ABM Industries by 667.0% during the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after buying an additional 767 shares in the last quarter. Covestor Ltd increased its stake in shares of ABM Industries by 89.1% in the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock worth $45,000 after buying an additional 497 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in ABM Industries during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

ABM Industries Trading Down 5.0%

The firm has a market cap of $2.41 billion, a P/E ratio of 15.76 and a beta of 0.73. The business’s 50-day moving average is $44.80 and its two-hundred day moving average is $44.84. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.86.

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.