Analysts Issue Forecasts for ABB Ltd’s Q4 2017 Earnings (ABB)

ABB Ltd (NYSE:ABB) – Analysts at William Blair lowered their Q4 2017 earnings per share estimates for ABB in a note issued to investors on Tuesday. William Blair analyst N. Heymann now forecasts that the industrial products company will post earnings per share of $0.27 for the quarter, down from their previous forecast of $0.33. William Blair also issued estimates for ABB’s Q3 2018 earnings at $0.38 EPS.

A number of other brokerages also recently issued reports on ABB. Bank of America downgraded shares of ABB from a “buy” rating to a “neutral” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of ABB from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of ABB in a research report on Friday, November 24th. Deutsche Bank raised shares of ABB from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Finally, Jefferies Group set a $20.00 target price on shares of ABB and gave the stock a “sell” rating in a research report on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. ABB presently has an average rating of “Hold” and a consensus target price of $26.67.

ABB (ABB) opened at $27.72 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.03. ABB has a 12-month low of $22.04 and a 12-month high of $27.74. The stock has a market cap of $59,660.00, a P/E ratio of 26.40, a PEG ratio of 2.88 and a beta of 1.06.

ABB (NYSE:ABB) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. ABB had a net margin of 6.79% and a return on equity of 18.65%. The firm had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the previous year, the firm earned $0.32 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year.

A number of large investors have recently added to or reduced their stakes in the business. Boyd Watterson Asset Management LLC OH purchased a new stake in ABB during the 4th quarter worth approximately $207,000. Parametric Portfolio Associates LLC lifted its stake in ABB by 4.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,856,532 shares of the industrial products company’s stock valued at $45,949,000 after acquiring an additional 78,573 shares during the period. Moors & Cabot Inc. lifted its stake in ABB by 4.6% during the 3rd quarter. Moors & Cabot Inc. now owns 85,739 shares of the industrial products company’s stock valued at $2,113,000 after acquiring an additional 3,750 shares during the period. Fieldpoint Private Securities LLC lifted its stake in ABB by 22.9% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 51,172 shares of the industrial products company’s stock valued at $1,267,000 after acquiring an additional 9,522 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in ABB by 4.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 88,200 shares of the industrial products company’s stock valued at $2,183,000 after acquiring an additional 3,788 shares during the period. 4.73% of the stock is currently owned by institutional investors.

WARNING: This article was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.com-unik.info/2018/01/12/analysts-issue-forecasts-for-abb-ltds-q4-2017-earnings-abb.html.

About ABB

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.

Receive News & Ratings for ABB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit