Brokerages expect ABB Ltd (NYSE:ABB) to report $0.30 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for ABB’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.27. ABB posted earnings of $0.32 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.3%. The firm is scheduled to issue its next earnings report on Thursday, October 26th.

On average, analysts expect that ABB will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.26. For the next year, analysts expect that the business will post earnings of $1.39 per share, with EPS estimates ranging from $1.30 to $1.47. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for ABB.

ABB (NYSE:ABB) last issued its 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. The firm had revenue of $8.45 billion during the quarter, compared to analyst estimates of $8.55 billion. ABB had a net margin of 6.87% and a return on equity of 18.62%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share.

Several brokerages have recently weighed in on ABB. Zacks Investment Research cut shares of ABB from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. BidaskClub cut shares of ABB from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BNP Paribas cut shares of ABB from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 23rd. UBS AG reiterated a “sell” rating on shares of ABB in a research note on Monday, July 24th. Finally, Morgan Stanley cut shares of ABB from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. ABB currently has an average rating of “Hold” and a consensus price target of $24.25.

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in shares of 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 worth $473,851,000 after buying an additional 9,801,313 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of 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 worth $206,218,000 after buying an additional 7,582,360 shares in the last quarter. Northern Trust Corp increased its stake in shares of ABB by 1.3% in the second quarter. Northern Trust Corp now owns 4,514,363 shares of the industrial products company’s stock worth $112,408,000 after buying an additional 59,101 shares in the last quarter. Schafer Cullen Capital Management Inc. increased its stake in shares of ABB by 0.4% in the first quarter. Schafer Cullen Capital Management Inc. now owns 3,613,516 shares of the industrial products company’s stock worth $84,556,000 after buying an additional 14,042 shares in the last quarter. Finally, Hamlin Capital Management LLC increased its stake in shares of ABB by 7.0% in the first quarter. Hamlin Capital Management LLC now owns 3,456,624 shares of the industrial products company’s stock worth $80,885,000 after buying an additional 226,870 shares in the last quarter. Institutional investors own 4.03% of the company’s stock.

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Shares of ABB (NYSE:ABB) opened at 22.83 on Friday. ABB has a 52 week low of $20.26 and a 52 week high of $25.83. The stock has a 50 day moving average price of $24.26 and a 200 day moving average price of $23.93. The firm has a market capitalization of $48.72 billion, a P/E ratio of 21.99 and a beta of 1.06.

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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Earnings History and Estimates for ABB (NYSE:ABB)

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