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 (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.
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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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