ABB Ltd (NYSE:ABB) – William Blair raised their FY2018 earnings per share (EPS) estimates for shares of ABB in a research note issued to investors on Thursday. William Blair analyst N. Heymann now forecasts that the industrial products company will post earnings per share of $1.47 for the year, up from their previous estimate of $1.45. William Blair also issued estimates for ABB’s Q4 2018 earnings at $0.41 EPS.
ABB has been the topic of a number of other reports. Deutsche Bank upgraded shares of ABB from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Zacks Investment Research downgraded shares of ABB from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Goldman Sachs Group upgraded shares of ABB from a “neutral” rating to a “conviction-buy” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of ABB in a report on Wednesday, January 10th. Finally, Jefferies Group set a $20.00 target price on shares of ABB and gave the stock a “sell” rating in a report on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.00.
ABB (NYSE:ABB) last posted its earnings results on Thursday, February 8th. The industrial products company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. ABB had a net margin of 6.45% and a return on equity of 18.11%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the stock. Bank of Nova Scotia Trust Co. purchased a new position in shares of ABB during the 3rd quarter worth about $113,000. Cubist Systematic Strategies LLC boosted its stake in shares of ABB by 296.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,800 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 3,590 shares during the period. Quantbot Technologies LP purchased a new position in shares of ABB during the 3rd quarter worth about $184,000. Round Table Services LLC purchased a new position in shares of ABB during the 4th quarter worth about $203,000. Finally, Boyd Watterson Asset Management LLC OH purchased a new position in shares of ABB during the 4th quarter worth about $207,000. 4.89% of the stock is owned by hedge funds and other institutional investors.
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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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