ABB (OTCMKTS:ABBNY – Get Free Report) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.42), Zacks reports. ABB had a net margin of 13.86% and a return on equity of 31.25%.
ABB Price Performance
Shares of ABBNY stock opened at $89.63 on Tuesday. ABB has a twelve month low of $67.24 and a twelve month high of $110.20. The stock has a market capitalization of $163.42 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 1.21 and a beta of 1.35. The stock has a fifty day simple moving average of $97.28 and a two-hundred day simple moving average of $99.53. The company has a current ratio of 1.43, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ABB in a research note on Tuesday, July 21st. TD Cowen restated a “hold” rating on shares of ABB in a report on Tuesday, June 30th. Pareto Securities raised ABB from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Erste Group Bank lowered ABB from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABB in a research report on Tuesday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
About ABB
ABB Ltd. (OTCMKTS:ABBNY) is a Swiss-Swedish technology company that develops products, systems and services for electrification, industrial automation and energy management. Its offerings include electrical distribution equipment, industrial control systems, motors, drives, measurement and analytical instruments, and software designed to improve the efficiency, reliability and sustainability of industrial and commercial operations.
The company also provides robotics and automation solutions for manufacturing, logistics and other industrial applications.
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