Zacks: Brokerages Anticipate ABB Ltd (NYSE:ABB) to Post $0.38 EPS

Equities research analysts forecast that ABB Ltd (NYSE:ABBGet Rating) will report $0.38 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ABB’s earnings. ABB posted earnings per share of $0.37 during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The business is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that ABB will report full-year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.21 to $1.51. For the next year, analysts expect that the company will post earnings of $1.77 per share, with EPS estimates ranging from $1.55 to $2.05. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for ABB.

ABB (NYSE:ABBGet Rating) last released its earnings results on Thursday, April 21st. The industrial products company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The company had revenue of $7 billion during the quarter, compared to analysts’ expectations of $7.13 billion. ABB had a return on equity of 19.29% and a net margin of 15.74%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share.

Several analysts have commented on the company. StockNews.com downgraded ABB from a “strong-buy” rating to a “buy” rating in a research note on Thursday. HSBC cut shares of ABB from a “buy” rating to a “hold” rating in a research note on Tuesday, March 1st. Barclays reduced their price target on shares of ABB from CHF 36 to CHF 34 in a research note on Tuesday, April 5th. JPMorgan Chase & Co. raised their target price on shares of ABB from CHF 32 to CHF 33 in a report on Friday. Finally, Zacks Investment Research upgraded shares of ABB from a “sell” rating to a “hold” rating and set a $37.00 target price for the company in a research note on Tuesday, February 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ABB presently has an average rating of “Hold” and a consensus price target of $34.13.

ABB stock traded down $1.33 during trading on Friday, hitting $31.37. 3,946,905 shares of the stock traded hands, compared to its average volume of 2,428,562. The stock has a market cap of $64.41 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 3.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.20 and a quick ratio of 0.89. ABB has a 1 year low of $30.42 and a 1 year high of $39.11. The firm’s 50 day moving average is $33.08 and its two-hundred day moving average is $34.69.

The business also recently disclosed an annual dividend, which was paid on Tuesday, March 29th. Stockholders of record on Tuesday, March 29th were paid a $0.537 dividend. This represents a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, March 28th. ABB’s dividend payout ratio (DPR) is currently 23.79%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABB. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of ABB by 93.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 37,931 shares of the industrial products company’s stock valued at $1,265,000 after acquiring an additional 18,338 shares in the last quarter. JustInvest LLC grew its holdings in ABB by 6.6% during the 3rd quarter. JustInvest LLC now owns 28,543 shares of the industrial products company’s stock valued at $952,000 after buying an additional 1,764 shares in the last quarter. Yousif Capital Management LLC bought a new stake in shares of ABB during the fourth quarter valued at approximately $1,214,000. Makena Capital Management LLC bought a new stake in shares of ABB during the third quarter valued at approximately $11,531,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of ABB by 7.6% in the third quarter. Rockefeller Capital Management L.P. now owns 307,642 shares of the industrial products company’s stock worth $10,261,000 after buying an additional 21,680 shares in the last quarter. Institutional investors own 9.97% of the company’s stock.

ABB Company Profile (Get Rating)

ABB Ltd engages in manufacture and sale of electrification, automation, robotics, and motion products for customers in utilities, industry and transport, and infrastructure in Switzerland and internationally. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panelboards, switchgear, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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