ABM Industries (NYSE:ABM – Get Free Report) updated its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.950-4.100 for the period, compared to the consensus EPS estimate of 3.980. The company issued revenue guidance of -.
Analyst Ratings Changes
A number of research firms have recently weighed in on ABM. Robert W. Baird boosted their target price on shares of ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Weiss Ratings raised shares of ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.00.
Check Out Our Latest Stock Analysis on ABM Industries
ABM Industries Price Performance
ABM Industries (NYSE:ABM – Get Free Report) last issued its earnings results on Tuesday, September 8th. The business services provider reported $1.04 EPS 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 analyst estimates of $2.32 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. As a group, equities analysts anticipate that ABM Industries will post 3.97 EPS for the current year.
Insiders Place Their Bets
In other ABM Industries news, CEO Scott Salmirs sold 50,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the sale, the chief executive officer owned 395,285 shares of the company’s stock, valued at approximately $18,317,506.90. This trade represents a 11.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its holdings in shares of ABM Industries by 590.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 520 shares in the last quarter. Quarry LP lifted its position in ABM Industries by 667.0% during the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 767 shares during the period. Kestra Advisory Services LLC acquired a new position in ABM Industries during the fourth quarter valued at $57,000. Headlands Technologies LLC purchased a new stake in ABM Industries in the second quarter valued at $94,000. Finally, Quadrant Capital Group LLC purchased a new stake in ABM Industries in the third quarter valued at $177,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.
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.
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