William Blair Comments on ABB Ltd’s Q2 2017 Earnings (ABB)
ABB Ltd (NYSE:ABB) – Stock analysts at William Blair issued their Q2 2017 EPS estimates for ABB in a research note issued on Thursday. William Blair analyst N. Heymann forecasts that the industrial products company will post earnings of $0.28 per share for the quarter. William Blair also issued estimates for ABB’s Q3 2017 earnings at $0.29 EPS and Q4 2017 earnings at $0.29 EPS.
ABB has been the topic of a number of other reports. Zacks Investment Research cut shares of ABB from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Deutsche Bank AG restated a “neutral” rating on shares of ABB in a report on Tuesday, March 21st. Robert W. Baird restated an “outperform” rating and issued a $28.00 price target (up from $27.00) on shares of ABB in a report on Friday, June 16th. Morgan Stanley restated a “buy” rating on shares of ABB in a report on Thursday, April 27th. Finally, BNP Paribas cut shares of ABB from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 23rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. ABB presently has an average rating of “Hold” and an average price target of $24.25.
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Shares of ABB (NYSE ABB) opened at 25.16 on Monday. The stock has a 50 day moving average of $25.14 and a 200 day moving average of $23.42. The stock has a market capitalization of $53.94 billion, a PE ratio of 25.49 and a beta of 1.08. ABB has a 52-week low of $19.87 and a 52-week high of $25.83.
ABB (NYSE:ABB) last announced its quarterly earnings results on Thursday, April 20th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.77 billion. ABB had a net margin of 6.47% and a return on equity of 18.92%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of ABB. Ledyard National Bank boosted its position in shares of ABB by 3.6% in the second quarter. Ledyard National Bank now owns 4,350 shares of the industrial products company’s stock valued at $108,000 after buying an additional 150 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of ABB during the first quarter valued at about $206,000. Atria Investments LLC acquired a new position in shares of ABB during the first quarter valued at about $221,000. Pennsylvania Trust Co acquired a new position in shares of ABB during the second quarter valued at about $222,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of ABB during the first quarter valued at about $234,000. Institutional investors own 3.62% of the company’s stock.
ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.
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