William Blair Analysts Decrease Earnings Estimates for ABB Ltd (ABB)
ABB Ltd (NYSE:ABB) – Equities researchers at William Blair cut their FY2017 earnings per share (EPS) estimates for shares of ABB in a report released on Tuesday. William Blair analyst N. Heymann now anticipates that the industrial products company will post earnings of $1.19 per share for the year, down from their previous forecast of $1.25.
ABB (NYSE:ABB) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $8.72 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter last year, the business earned $0.32 EPS. The company’s revenue was up 5.7% compared to the same quarter last year.
ABB (NYSE ABB) opened at $27.54 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. ABB has a fifty-two week low of $22.04 and a fifty-two week high of $27.68. The stock has a market cap of $60,210.00, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 2.88 and a beta of 1.06.
Several large investors have recently added to or reduced their stakes in ABB. Bank of Nova Scotia Trust Co. bought a new stake in shares of ABB in the 3rd quarter valued at $113,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of ABB in the 2nd quarter valued at $120,000. Cubist Systematic Strategies LLC increased its stake in shares of ABB by 296.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,800 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 3,590 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of ABB in the 3rd quarter valued at $184,000. Finally, Raymond James Trust N.A. bought a new stake in shares of ABB in the 3rd quarter valued at $216,000. Institutional investors own 4.73% of the company’s stock.
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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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