<div id="readability-page-1"><p>ABM Industries Incorporated (NYSE:ABM - Get Free Report) shares were down 5.3% on Thursday following a weaker than expected earnings announcement. The company traded as low as $45.98 and last traded at $45.7120. Approximately 136,549 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 516,335 shares. The stock had previously closed at $48.25.</p><div><p><span></span><span>Get <strong>ABM Industries</strong> alerts:</span></p></div><ul><li>ABM Industries Stock: A Dividend King at a Discount</li></ul><p>The business services provider reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.09 by ($0.21). The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.28 billion. ABM Industries had a return on equity of 12.12% and a net margin of 1.34%.The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. </p><p>ABM Industries announced that its Board of Directors has approved a share buyback plan on Friday, September 5th that permits the company to repurchase $150.00 million in  outstanding  shares. This repurchase authorization permits the business services provider to repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Dividend King ABM Industries is on Track for New Highs</li></ul><p>A number of research firms have recently weighed in on ABM. Baird R W lowered shares of ABM Industries from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Monday, September 8th. Wall Street Zen downgraded ABM Industries from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, December 13th. UBS Group  reissued a &#34;neutral&#34; rating and issued a $51.00 price target (down from $55.00) on shares of ABM Industries in a report on Thursday. Weiss Ratings  reiterated a &#34;hold (c)&#34; rating on shares of ABM Industries in a research report on Wednesday, October 8th. Finally, Robert W. Baird  restated a &#34;neutral&#34; rating and issued a $54.00 price target (down from $56.00) on shares of ABM Industries in a report on Monday, September 8th. One equities research analyst  has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, ABM Industries currently has a consensus rating of &#34;Hold&#34; and an average target price of $54.33.</p><p><b>Get Our Latest Stock Analysis on ABM Industries</b></p><h2>Institutional Investors Weigh In On ABM Industries</h2><ul><li>Diversified Dividend Compounder ABM Industries Moves Higher</li></ul><p>Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of  ABM Industries by 590.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider's stock worth $28,000 after purchasing an additional 520 shares during the period.  Quarry LP boosted its holdings in shares of  ABM Industries by 667.0% in the third quarter. Quarry LP now owns 882 shares of the business services provider's stock valued at $41,000 after acquiring an additional 767 shares during the period.  Federated Hermes Inc. grew its holdings in shares of  ABM Industries by 34.7% in the 3rd quarter. Federated Hermes Inc. now owns 1,239 shares of the business services provider's stock worth $57,000 after acquiring an additional 319 shares during the period.  Kiker Wealth Management LLC purchased a new position in shares of  ABM Industries in the 2nd quarter worth $61,000.  Finally, Virtus Advisers LLC bought a new stake in shares of  ABM Industries in the 1st quarter worth about $64,000. 91.62% of the stock is owned by hedge funds and other institutional investors. </p><h2>ABM Industries Stock Down 5.3%</h2><p>The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 25.19 and a beta of 0.74. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.49 and a quick ratio of 1.49. The firm's fifty day moving average is $43.90 and its two-hundred day moving average is $46.07. </p><h2>About ABM Industries</h2> (Get Free Report)<p>ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business &amp; Industry, Manufacturing &amp; Distribution, Education, Aviation, and Technical Solutions segments.</p><h2>See Also</h2><ul><li>Five stocks we like better than ABM Industries</li><li>A Deeper Look at Bid-Ask Spreads</li><li>3 New Year’s Resolution Stocks That Could Turn Around in 2026</li><li>How Can Investors Benefit From After-Hours Trading</li><li>Cannabis Stocks Up for Reversal: Pipedreams or Opportunity?</li><li>What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story</li><li>Rate Cuts Make These 3 Income ETFs More Attractive Than Ever</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in ABM Industries Right Now?</h2><p>Before you consider ABM Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ABM Industries wasn't on the list.</p><p>While ABM Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>ABM Industries' shares fell 5.3% after reporting earnings of $0.88 per share, missing the $1.09 consensus estimate. Revenue was $2.30 billion, slightly above the $2.28 billion estimate. The company announced a $150 million share buyback plan. Analysts have downgraded the stock to 'Hold' with a target price of $54.33. Institutional investors have increased their holdings, and the stock is owned 91.62% by hedge funds and institutional investors.</p>

ABM Industries (NYSE:ABM) Shares Down 5.3% After Earnings Miss