ABM Industries (NYSE:ABM) Hits New 12-Month Low Following Weak Earnings

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

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

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.8%. ABM Industries’s dividend payout ratio (DPR) is currently 44.79%.

Key Headlines Impacting ABM Industries

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

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on ABM

Insider Activity

In other news, COO Rene Jacobsen sold 31,034 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $44.12, for a total transaction of $1,369,220.08. Following the sale, the chief operating officer directly owned 51,714 shares of the company’s stock, valued at approximately $2,281,621.68. This represents a 37.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On ABM Industries

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of ABM Industries by 1.5% in the 2nd quarter. American Century Companies Inc. now owns 1,615,135 shares of the business services provider’s stock valued at $76,251,000 after buying an additional 24,638 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of ABM Industries by 7.0% during the 2nd quarter. Prudential Financial Inc. now owns 270,666 shares of the business services provider’s stock worth $12,778,000 after acquiring an additional 17,755 shares in the last quarter. Nordea Investment Management AB increased its stake in ABM Industries by 1,068.7% in the third quarter. Nordea Investment Management AB now owns 1,606,331 shares of the business services provider’s stock valued at $73,297,000 after acquiring an additional 1,468,887 shares during the last quarter. Fox Run Management L.L.C. bought a new position in ABM Industries in the second quarter valued at approximately $613,000. Finally, Public Sector Pension Investment Board raised its position in ABM Industries by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 242,869 shares of the business services provider’s stock valued at $11,201,000 after purchasing an additional 30,761 shares in the last quarter. Institutional investors own 91.62% of the company’s stock.

ABM Industries Trading Down 4.5%

The firm’s 50-day simple moving average is $44.78 and its 200 day simple moving average is $44.78. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 15.96 and a beta of 0.73.

ABM Industries Company Profile

(Get Free Report)

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.

Further Reading

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