ABM Industries (NYSE:ABM) Sets New 12-Month High After Strong Earnings

ABM Industries Incorporated (NYSE:ABM) reached a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $50.42 and last traded at $50.6430, with a volume of 454932 shares traded. The stock had previously closed at $47.05.

The business services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS.

Trending Headlines about ABM Industries

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

• Positive Sentiment: Strong quarterly results: Adjusted EPS rose 27% year over year to $1.04, exceeding the $1.01 analyst consensus. Revenue increased 4.2% to a record $2.32 billion, in line with expectations, while adjusted EBITDA improved 11% to $139.6 million. ABM Reports Fiscal Third Quarter 2026 Results
• Positive Sentiment: Raised fiscal 2026 guidance: ABM lifted its adjusted EPS outlook to $3.95-$4.10, putting the midpoint above the roughly $3.98 analyst estimate. The company also increased expectations for operating cash flow and free cash flow, supporting the case for improved earnings and capital returns. ABM Industries Boosts FY26 Outlook; Declares Dividend
• Positive Sentiment: Cash generation and dividend: Third-quarter operating cash flow was $146.8 million and free cash flow was $128.4 million. ABM also declared a dividend, reinforcing its shareholder-return profile. ABM Reports Fiscal Third Quarter 2026 Results
• Neutral Sentiment: Growth was supported by 2.1% organic expansion and 2.1% acquisition-related growth. Analysts point to broad segment growth, rising earnings expectations and strong liquidity as reasons to retain ABM stock. Why Retain ABM Stock
• Negative Sentiment: Margin pressure and competition remain risks, while the reported average analyst price target of $47 is below the stock’s recent trading level, potentially limiting near-term upside. ABM Analyst Price Target

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ABM. Robert W. Baird lifted their price objective on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Weiss Ratings upgraded shares of ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.00.

Insider Transactions at ABM Industries

In other ABM Industries news, CEO Scott Salmirs sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.34, for a total value of $2,317,000.00. Following the transaction, the chief executive officer directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ABM Industries

Several institutional investors have recently modified their holdings of the stock. Natixis Advisors LLC increased its stake in ABM Industries by 2.1% in the fourth quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock valued at $474,000 after purchasing an additional 231 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of ABM Industries by 4.2% in the 3rd quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock valued at $297,000 after buying an additional 259 shares during the period. Naples Global Advisors LLC increased its position in shares of ABM Industries by 2.4% in the 4th quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock valued at $529,000 after buying an additional 289 shares in the last quarter. Royal Bank of Canada lifted its holdings in ABM Industries by 0.4% during the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock worth $4,100,000 after acquiring an additional 312 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of ABM Industries by 3.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 10,822 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 320 shares during the period. 91.62% of the stock is currently owned by institutional investors and hedge funds.

ABM Industries Price Performance

The company has a market cap of $2.97 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.23 and a beta of 0.68. The company’s 50-day moving average price is $46.99 and its 200-day moving average price is $43.13. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.46 and a quick ratio of 1.46.

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.