Zacks: Analysts Anticipate ABB Ltd (ABB) to Post $0.33 EPS

Equities analysts expect ABB Ltd (NYSE:ABB) to post earnings of $0.33 per share for the current quarter, according to Zacks. Two analysts have provided estimates for ABB’s earnings. ABB also posted earnings per share of $0.33 in the same quarter last year. The company is expected to report its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that ABB will report full-year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.23 to $1.25. For the next fiscal year, analysts anticipate that the business will report earnings of $1.46 per share, with EPS estimates ranging from $1.45 to $1.47. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for ABB.

ABB (NYSE:ABB) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. ABB had a net margin of 6.79% and a return on equity of 18.65%. The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the prior year, the firm posted $0.32 EPS. ABB’s revenue for the quarter was up 5.7% on a year-over-year basis.

Several analysts recently commented on the stock. Jefferies Group set a $20.00 price objective on shares of ABB and gave the company a “sell” rating in a research report on Tuesday, November 28th. J P Morgan Chase & Co reissued a “neutral” rating on shares of ABB in a research report on Friday, November 24th. Goldman Sachs Group reissued a “buy” rating on shares of ABB in a research report on Monday, November 6th. Zacks Investment Research downgraded shares of ABB from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, Robert W. Baird reissued a “buy” rating and set a $29.00 price objective on shares of ABB in a research report on Wednesday, October 4th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.50.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can lifted its stake in shares of ABB by 5.5% in the 2nd quarter. Bank of Montreal Can now owns 47,187 shares of the industrial products company’s stock worth $1,174,000 after purchasing an additional 2,447 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of ABB by 49.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 54,805 shares of the industrial products company’s stock worth $1,365,000 after purchasing an additional 18,084 shares during the period. Sei Investments Co. raised its stake in ABB by 25.0% during the 2nd quarter. Sei Investments Co. now owns 276,963 shares of the industrial products company’s stock worth $6,897,000 after acquiring an additional 55,458 shares during the period. Lowe Brockenbrough & Co. Inc. raised its stake in ABB by 0.5% during the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 43,072 shares of the industrial products company’s stock worth $1,072,000 after acquiring an additional 210 shares during the period. Finally, Eagle Ridge Investment Management raised its stake in ABB by 2.6% during the 2nd quarter. Eagle Ridge Investment Management now owns 130,361 shares of the industrial products company’s stock worth $3,246,000 after acquiring an additional 3,340 shares during the period. Institutional investors and hedge funds own 4.76% of the company’s stock.

Shares of ABB (ABB) traded down $0.08 during mid-day trading on Friday, reaching $25.66. 1,989,879 shares of the company traded hands, compared to its average volume of 1,604,924. ABB has a one year low of $20.54 and a one year high of $26.48. The stock has a market cap of $55,634.68, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 3.34 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.37 and a debt-to-equity ratio of 0.48.

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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.

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Earnings History and Estimates for ABB (NYSE:ABB)

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