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.
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.
COPYRIGHT VIOLATION WARNING: This piece of content was posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/03/zacks-analysts-anticipate-abb-ltd-abb-to-post-0-33-eps.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ABB Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB Ltd and related companies with MarketBeat.com's FREE daily email newsletter.