ABB (NYSE:ABB) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $6.90 billion-$6.90 billion, compared to the consensus revenue estimate of $6.58 billion.
Several research firms have recently issued reports on ABB. DNB Markets lowered ABB from a buy rating to a hold rating in a research report on Wednesday, March 24th. Morgan Stanley reiterated an underweight rating on shares of ABB in a report on Wednesday, April 28th. Kepler Capital Markets downgraded ABB from a buy rating to a hold rating in a research report on Thursday, April 22nd. Nordea Equity Research downgraded ABB from a buy rating to a hold rating in a research report on Friday, February 5th. Finally, Credit Suisse Group reissued a neutral rating on shares of ABB in a research report on Wednesday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. ABB presently has an average rating of Hold and a consensus price target of $30.50.
Shares of ABB stock traded down $0.23 during trading on Tuesday, hitting $32.66. The company had a trading volume of 1,637,622 shares, compared to its average volume of 1,837,024. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.13 and a current ratio of 1.42. The firm has a market capitalization of $70.81 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 3.97 and a beta of 1.05. The stock’s 50-day moving average price is $31.80 and its 200 day moving average price is $29.06. ABB has a one year low of $16.80 and a one year high of $33.48.
The firm also recently announced an annual dividend, which will be paid on Saturday, May 15th. Shareholders of record on Tuesday, March 30th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, March 29th. This is a boost from ABB’s previous annual dividend of $0.83. This represents a yield of 2.7%. ABB’s dividend payout ratio is presently 42.74%.
ABB Company Profile
ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions for integrating and automating lighting, heating, ventilation, security, and data communication networks.
Recommended Story: What are gap-down stocks?
Receive News & Ratings for ABB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB and related companies with MarketBeat.com's FREE daily email newsletter.