ABM Industries Incorporated Declares Quarterly Dividend of $0.29 (NYSE:ABM)

by · The Markets Daily

ABM Industries Incorporated (NYSE:ABM – Get Free Report) announced a quarterly dividend on Tuesday, September 8th. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.29 per share by the business services provider on Monday, November 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, October 1st.

ABM Industries has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 59 years. ABM Industries has a payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ABM Industries to earn $4.33 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 26.8%.

ABM Industries Price Performance

Shares of ABM stock opened at $50.71 on Wednesday. ABM Industries has a fifty-two week low of $36.96 and a fifty-two week high of $50.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.23 and a beta of 0.68. The stock’s 50-day simple moving average is $47.12 and its 200-day simple moving average is $43.17.

ABM Industries (NYSE:ABM – Get Free Report) last announced its quarterly earnings data on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $2.32 billion during 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%. ABM Industries’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. As a group, equities analysts forecast that ABM Industries will post 3.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, June 8th. Weiss Ratings upgraded shares of ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, ABM Industries presently has a consensus rating of “Hold” and a consensus target price of $47.00.

Get Our Latest Stock Analysis on ABM

About ABM Industries

(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