ABB Ltd (NYSE:ABB) – Stock analysts at William Blair decreased their Q4 2017 earnings per share (EPS) estimates for shares of ABB in a note issued to investors on Thursday. William Blair analyst N. Heymann now anticipates that the industrial products company will post earnings of $0.33 per share for the quarter, down from their prior forecast of $0.34. William Blair also issued estimates for ABB’s Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.37 EPS and Q4 2018 earnings at $0.40 EPS.

ABB (NYSE:ABB) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.55 billion. ABB had a net margin of 6.79% and a return on equity of 18.65%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share.

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Several other equities research analysts also recently commented on ABB. Zacks Investment Research downgraded shares of ABB from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Morgan Stanley downgraded shares of ABB from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 21st. UBS AG reaffirmed a “sell” rating on shares of ABB in a research note on Monday, July 24th. BidaskClub downgraded shares of ABB from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $29.00 target price on shares of ABB in a research note on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.50.

ABB (NYSE ABB) opened at 25.36 on Monday. The firm has a 50-day moving average of $24.86 and a 200 day moving average of $24.40. The firm has a market cap of $54.12 billion, a price-to-earnings ratio of 24.43 and a beta of 1.06. ABB has a 52-week low of $20.26 and a 52-week high of $25.83.

A number of large investors have recently modified their holdings of the business. Fisher Asset Management LLC increased its position in shares of ABB by 4.5% during the third quarter. Fisher Asset Management LLC now owns 8,658,635 shares of the industrial products company’s stock worth $214,301,000 after acquiring an additional 376,777 shares in the last quarter. Northern Trust Corp increased its position in shares of ABB by 1.3% during the second quarter. Northern Trust Corp now owns 4,514,363 shares of the industrial products company’s stock worth $112,408,000 after acquiring an additional 59,101 shares in the last quarter. Schafer Cullen Capital Management Inc. increased its position in shares of ABB by 2.0% during the second quarter. Schafer Cullen Capital Management Inc. now owns 3,686,628 shares of the industrial products company’s stock worth $91,797,000 after acquiring an additional 73,112 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of ABB by 14.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,458,598 shares of the industrial products company’s stock worth $86,119,000 after acquiring an additional 432,665 shares in the last quarter. Finally, Folketrygdfondet increased its position in shares of ABB by 41.0% during the second quarter. Folketrygdfondet now owns 2,787,278 shares of the industrial products company’s stock worth $69,403,000 after acquiring an additional 810,000 shares in the last quarter. 4.43% of the stock is owned by hedge funds and other institutional investors.

ABB Company Profile

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.

Earnings History and Estimates for ABB (NYSE:ABB)

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