ABB (OTCMKTS:ABBNY) Releases Earnings Results

ABB (OTCMKTS:ABBNY) posted its quarterly earnings results on Thursday. The industrial products company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.13), Zacks reports. ABB had a return on equity of 31.94% and a net margin of 13.86%.

ABB Price Performance

OTCMKTS ABBNY opened at $103.53 on Thursday. The company has a 50-day moving average price of $105.27 and a 200-day moving average price of $92.50. ABB has a 52 week low of $58.72 and a 52 week high of $110.20. The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $188.75 billion, a P/E ratio of 38.06, a PEG ratio of 1.63 and a beta of 1.36.

Analyst Upgrades and Downgrades

Several research firms recently commented on ABBNY. Pareto Securities downgraded ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Barclays upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Zacks Research lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Wall Street Zen cut shares of ABB from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Kepler Capital Markets downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Eleven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $58.00.

About ABB

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.