$0.38 EPS Expected for ABB Ltd (ABB) This Quarter

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Brokerages predict that ABB Ltd (NYSE:ABB) will report earnings per share (EPS) of $0.38 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for ABB’s earnings, with estimates ranging from $0.37 to $0.38. ABB reported earnings of $0.34 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, October 25th.

On average, analysts expect that ABB will report full year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.22 to $1.48. For the next year, analysts forecast that the firm will report earnings of $1.54 per share, with EPS estimates ranging from $1.47 to $1.60. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for ABB.

ABB (NYSE:ABB) last issued its earnings results on Thursday, July 19th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The company had revenue of $8.89 billion for the quarter, compared to the consensus estimate of $9.03 billion. ABB had a return on equity of 19.94% and a net margin of 6.24%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS.

Several brokerages recently issued reports on ABB. Societe Generale raised ABB from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. DNB Markets began coverage on ABB in a research note on Monday, September 3rd. They set a “buy” rating on the stock. ValuEngine downgraded ABB from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Zacks Investment Research raised ABB from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, September 19th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of ABB in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.67.

A number of large investors have recently added to or reduced their stakes in ABB. BlackRock Inc. increased its stake in ABB by 1.0% in the 1st quarter. BlackRock Inc. now owns 3,808,310 shares of the industrial products company’s stock worth $90,409,000 after acquiring an additional 39,560 shares during the last quarter. JPMorgan Chase & Co. increased its stake in ABB by 19.8% in the 1st quarter. JPMorgan Chase & Co. now owns 287,748 shares of the industrial products company’s stock worth $6,831,000 after acquiring an additional 47,644 shares during the last quarter. Hsbc Holdings PLC bought a new stake in ABB in the 1st quarter worth approximately $238,000. Commonwealth Equity Services LLC increased its stake in ABB by 8.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 79,353 shares of the industrial products company’s stock worth $1,884,000 after acquiring an additional 6,011 shares during the last quarter. Finally, Baker Avenue Asset Management LP increased its stake in ABB by 6.7% in the 1st quarter. Baker Avenue Asset Management LP now owns 47,106 shares of the industrial products company’s stock worth $1,118,000 after acquiring an additional 2,952 shares during the last quarter. 5.29% of the stock is currently owned by institutional investors and hedge funds.

ABB traded up $0.12 on Monday, hitting $21.26. 1,587,514 shares of the company’s stock traded hands, compared to its average volume of 2,140,490. The company has a market capitalization of $50.54 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. ABB has a one year low of $21.01 and a one year high of $28.67. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 0.47.

About ABB

ABB Ltd manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide. Its Electrification Products segment provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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