ABB Ltd (NYSE:ABB) – Equities researchers at William Blair decreased their Q4 2017 earnings estimates for ABB in a research report issued to clients and investors on Thursday. William Blair analyst N. Heymann now expects that the industrial products company will post earnings per share of $0.33 for the quarter, down from their previous estimate of $0.34. William Blair also issued estimates for ABB’s Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.37 EPS and Q4 2018 earnings at $0.40 EPS.
ABB (NYSE:ABB) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. ABB had a net margin of 6.79% and a return on equity of 18.65%. The business had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: This news story was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://sportsperspectives.com/2017/11/01/q4-2017-eps-estimates-for-abb-ltd-decreased-by-analyst-abb.html.
ABB has been the subject of a number of other research reports. Zacks Investment Research lowered shares of ABB from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Morgan Stanley lowered shares of ABB from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 21st. UBS AG reiterated a “sell” rating on shares of ABB in a research note on Monday, July 24th. BidaskClub lowered shares of ABB from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $29.00 target price on shares of ABB in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. ABB presently has a consensus rating of “Hold” and an average target price of $23.50.
Shares of ABB (ABB) traded up 0.65% on Monday, reaching $26.30. 1,459,187 shares of the company traded hands. ABB has a one year low of $20.26 and a one year high of $26.48. The company has a market capitalization of $56.12 billion, a PE ratio of 25.34 and a beta of 1.06. The firm has a 50-day moving average price of $24.95 and a 200 day moving average price of $24.45.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of ABB by 5.5% in the 2nd quarter. Bank of Montreal Can now owns 47,187 shares of the industrial products company’s stock worth $1,174,000 after acquiring an additional 2,447 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of ABB by 12.8% in the 2nd quarter. Pinnacle Associates Ltd. now owns 73,888 shares of the industrial products company’s stock worth $1,840,000 after acquiring an additional 8,406 shares in the last quarter. Aperio Group LLC grew its stake in shares of ABB by 4.8% in the 2nd quarter. Aperio Group LLC now owns 834,910 shares of the industrial products company’s stock worth $20,789,000 after acquiring an additional 38,467 shares in the last quarter. Airain ltd grew its stake in shares of ABB by 33.2% in the 2nd quarter. Airain ltd now owns 51,797 shares of the industrial products company’s stock worth $1,290,000 after acquiring an additional 12,904 shares in the last quarter. Finally, CIBC World Markets Inc. bought a new stake in shares of ABB in the 2nd quarter worth $434,000. Hedge funds and other institutional investors own 4.43% of the company’s stock.
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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