What is Erste Group Bank’s Estimate for ABB FY2027 Earnings?

ABB Ltd (OTCMKTS:ABBNY) – Analysts at Erste Group Bank raised their FY2027 earnings per share estimates for shares of ABB in a research note issued to investors on Friday, September 18th. Erste Group Bank analyst H. Engel now expects that the industrial products company will post earnings per share of $3.69 for the year, up from their prior forecast of $3.67. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for ABB’s current full-year earnings is $3.78 per share.

Several other brokerages also recently commented on ABBNY. Berenberg Bank upgraded shares of ABB to a “hold” rating in a research report on Monday, June 1st. Dnb Carnegie upgraded ABB from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Pareto Securities raised ABB from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Citigroup reiterated a “neutral” rating on shares of ABB in a report on Thursday, June 18th. Finally, Zacks Research lowered ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ABB has a consensus rating of “Hold” and a consensus price target of $58.00.

ABB Stock Performance

ABB stock opened at $100.33 on Monday. The firm’s 50 day simple moving average is $98.39 and its 200-day simple moving average is $97.75. The company has a market cap of $182.92 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 1.32 and a beta of 1.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.43 and a quick ratio of 1.08. ABB has a fifty-two week low of $67.24 and a fifty-two week high of $110.20.

ABB (OTCMKTS:ABBNY) last posted its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.13). ABB had a return on equity of 31.25% and a net margin of 13.86%.The company had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.34 billion.

Institutional Investors Weigh In On ABB

An institutional investor recently bought a new stake in ABB stock. North Star Asset Management Inc. purchased a new stake in shares of ABB Ltd (OTCMKTS:ABBNY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,205 shares of the industrial products company’s stock, valued at approximately $240,000. 1.06% of the stock is owned by hedge funds and other institutional investors.

ABB Company Profile

ABB Ltd. is a Swiss-Swedish technology company that develops electrification, automation and industrial solutions for customers in utilities, infrastructure, transportation, manufacturing, energy and other industries. Its offerings are designed to improve energy efficiency, productivity, reliability and operational safety.

The company’s principal businesses include electrification products and systems, industrial automation, motion technologies and robotics and discrete automation. Products and services include electrical distribution equipment, building and power-management solutions, drives, motors, control systems, measurement and analytics technologies, industrial robots, collaborative robots and related software and maintenance services.

ABB was formed in 1988 through the merger of Sweden’s ASEA and Switzerland’s Brown Boveri, two engineering companies with roots dating to the late nineteenth century.