ABB Ltd (NYSE:ABB) - Equities researchers at William Blair issued their Q2 2017 EPS estimates for shares of ABB in a note issued to investors on Thursday. William Blair analyst N. Heymann expects that the industrial products company will post earnings of $0.28 per share for the quarter. William Blair also issued estimates for ABB’s Q3 2017 earnings at $0.29 EPS and Q4 2017 earnings at $0.29 EPS.
ABB has been the topic of several other research reports. Zacks Investment Research lowered shares of ABB from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Deutsche Bank AG reiterated a “neutral” rating on shares of ABB in a research note on Tuesday, March 21st. Robert W. Baird reiterated an “outperform” rating and issued a $28.00 price objective (up previously from $27.00) on shares of ABB in a research note on Friday, June 16th. Morgan Stanley reiterated a “buy” rating on shares of ABB in a research note on Thursday, April 27th. Finally, BNP Paribas lowered shares of ABB from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.25.
ABB (NYSE:ABB) opened at 25.02 on Monday. The firm has a 50 day moving average of $25.15 and a 200-day moving average of $23.80. The firm has a market cap of $53.64 billion, a price-to-earnings ratio of 25.35 and a beta of 1.08. ABB has a one year low of $20.11 and a one year high of $25.83.
ABB (NYSE:ABB) last announced its quarterly earnings results on Thursday, April 20th. The industrial products company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.77 billion. ABB had a net margin of 6.47% and a return on equity of 18.92%. ABB’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS.
A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in ABB by 93.8% in the first quarter. Wellington Management Group LLP now owns 20,250,046 shares of the industrial products company’s stock valued at $473,851,000 after buying an additional 9,801,313 shares in the last quarter. Fisher Asset Management LLC increased its stake in ABB by 1,084.0% in the second quarter. Fisher Asset Management LLC now owns 8,281,858 shares of the industrial products company’s stock valued at $206,218,000 after buying an additional 7,582,360 shares in the last quarter. Baird Financial Group Inc. increased its stake in ABB by 297.2% in the first quarter. Baird Financial Group Inc. now owns 1,566,385 shares of the industrial products company’s stock valued at $36,653,000 after buying an additional 1,172,057 shares in the last quarter. Karp Capital Management Corp acquired a new stake in ABB during the first quarter valued at approximately $18,637,000. Finally, Folketrygdfondet increased its stake in ABB by 54.3% in the first quarter. Folketrygdfondet now owns 1,977,278 shares of the industrial products company’s stock valued at $46,268,000 after buying an additional 695,986 shares in the last quarter. 3.62% of the stock is owned by institutional investors.
About ABB
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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