Wall Street brokerages forecast that ABB Ltd (NYSE:ABB) will post $0.28 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for ABB’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.22. ABB reported earnings per share of $0.33 during the same quarter last year, which suggests a negative year-over-year growth rate of 15.2%. The company is scheduled to issue its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that ABB will report full-year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.32. For the next financial year, analysts forecast that the company will report earnings of $1.40 per share, with EPS estimates ranging from $1.29 to $1.47. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow ABB.

ABB (NYSE:ABB) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.55 billion. ABB had a net margin of 6.79% and a return on equity of 18.65%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.32 EPS.

ABB has been the subject of a number of research analyst reports. Deutsche Bank upgraded shares of ABB from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research downgraded shares of ABB from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Goldman Sachs Group raised shares of ABB from a “neutral” rating to a “conviction-buy” rating in a report on Tuesday, October 31st. Robert W. Baird reissued a “buy” rating and issued a $29.00 target price on shares of ABB in a report on Wednesday, October 4th. Finally, Jefferies Group set a $20.00 price target on shares of ABB and gave the stock a “sell” rating in a research report on Tuesday, November 28th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $26.00.

Shares of ABB (ABB) traded up $0.18 during mid-day trading on Friday, hitting $27.63. 2,399,968 shares of the stock were exchanged, compared to its average volume of 1,870,000. ABB has a 52-week low of $21.38 and a 52-week high of $27.68. The company has a market capitalization of $59,690.00, a price-to-earnings ratio of 26.31, a PEG ratio of 2.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.03.

Several hedge funds and other institutional investors have recently modified their holdings of ABB. Fisher Asset Management LLC lifted its position in shares of ABB by 4.5% during the 3rd quarter. Fisher Asset Management LLC now owns 8,658,635 shares of the industrial products company’s stock valued at $214,301,000 after buying an additional 376,777 shares in the last quarter. Northern Trust Corp increased its stake in shares of ABB by 1.3% in the 2nd quarter. Northern Trust Corp now owns 4,514,363 shares of the industrial products company’s stock worth $112,408,000 after acquiring an additional 59,101 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of ABB by 1.1% in the 3rd quarter. Macquarie Group Ltd. now owns 3,877,508 shares of the industrial products company’s stock worth $95,968,000 after acquiring an additional 40,514 shares during the last quarter. Schafer Cullen Capital Management Inc. increased its position in shares of ABB by 2.0% during the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 3,686,628 shares of the industrial products company’s stock worth $91,797,000 after purchasing an additional 73,112 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of ABB by 14.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,458,598 shares of the industrial products company’s stock worth $86,119,000 after purchasing an additional 432,665 shares during the last quarter. 4.74% of the stock is currently owned by institutional investors and hedge funds.

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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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