ABB Group (ABB) to Release Earnings on Thursday
ABB Group (NYSE:ABB) is scheduled to announce its earnings results before the market opens on Thursday, April 19th. Analysts expect the company to announce earnings of $0.32 per share for the quarter.
ABB Group (NYSE:ABB) last announced its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.49 billion. ABB Group had a net margin of 6.45% and a return on equity of 18.11%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. On average, analysts expect ABB Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of ABB opened at $23.01 on Tuesday. The stock has a market cap of $48,888.54, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 2.39 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.35 and a quick ratio of 1.04. ABB Group has a 12 month low of $21.92 and a 12 month high of $28.67.
A number of research analysts have commented on ABB shares. Goldman Sachs restated a “buy” rating on shares of ABB Group in a research note on Monday, January 22nd. Zacks Investment Research upgraded shares of ABB Group from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, January 10th. Berenberg Bank upgraded shares of ABB Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Robert W. Baird cut their price target on shares of ABB Group from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Finally, JPMorgan Chase reiterated a “neutral” rating on shares of ABB Group in a research note on Wednesday, January 10th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.00.
ILLEGAL ACTIVITY WARNING: “ABB Group (ABB) to Release Earnings on Thursday” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.dailypolitical.com/2018/04/17/abb-group-abb-to-release-earnings-on-thursday.html.
About ABB Group
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.
Receive News & Ratings for ABB Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB Group and related companies with MarketBeat.com's FREE daily email newsletter.