ABB Ltd (ABB) to Release Quarterly Earnings on Thursday

ABB Ltd (NYSE:ABB) will issue its quarterly earnings data before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.

ABB (NYSE:ABB) last released its quarterly earnings results on Thursday, July 20th. The industrial products company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). ABB had a net margin of 6.87% and a return on equity of 18.62%. The business had revenue of $8.45 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the company earned $0.35 EPS. ABB’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts expect ABB to post $1.22 EPS for the current fiscal year and $1.4 EPS for the next fiscal year.

Shares of ABB Ltd (ABB) opened at 25.06 on Thursday. ABB Ltd has a 52-week low of $20.26 and a 52-week high of $25.83. The stock has a market cap of $53.48 billion, a price-to-earnings ratio of 24.14 and a beta of 1.06. The stock’s 50 day moving average is $24.53 and its 200 day moving average is $24.30.

Several research firms have recently issued reports on ABB. Morgan Stanley restated a “buy” rating on shares of ABB in a report on Thursday, June 22nd. Robert W. Baird restated a “buy” rating and set a $29.00 price objective on shares of ABB in a report on Wednesday, October 4th. Zacks Investment Research cut ABB from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. UBS AG restated a “sell” rating on shares of ABB in a report on Monday, July 24th. Finally, BidaskClub cut ABB from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. ABB currently has a consensus rating of “Hold” and an average target price of $23.50.

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ABB Company Profile

ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Produ

ABB (NYSE:ABB) last released its quarterly earnings results on Thursday, July 20th. The industrial products company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). ABB had a net margin of 6.87% and a return on equity of 18.62%. The business had revenue of $8.45 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the company earned $0.35 EPS. ABB’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts expect ABB to post $1.22 EPS for the current fiscal year and $1.4 EPS for the next fiscal year.

Shares of ABB Ltd (ABB) opened at 25.06 on Thursday. ABB Ltd has a 52-week low of $20.26 and a 52-week high of $25.83. The stock has a market cap of $53.48 billion, a price-to-earnings ratio of 24.14 and a beta of 1.06. The stock’s 50 day moving average is $24.53 and its 200 day moving average is $24.30.

Several research firms have recently issued reports on ABB. Morgan Stanley restated a “buy” rating on shares of ABB in a report on Thursday, June 22nd. Robert W. Baird restated a “buy” rating and set a $29.00 price objective on shares of ABB in a report on Wednesday, October 4th. Zacks Investment Research cut ABB from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. UBS AG restated a “sell” rating on shares of ABB in a report on Monday, July 24th. Finally, BidaskClub cut ABB from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. ABB currently has a consensus rating of “Hold” and an average target price of $23.50.

TRADEMARK VIOLATION WARNING: This piece was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/19/abb-ltd-abb-to-release-quarterly-earnings-on-thursday.html.

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.

Earnings History for ABB (NYSE:ABB)

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