ABB Ltd. (NYSE:ABB) – Analysts at Jefferies Group issued their FY2018 EPS estimates for ABB in a research report issued on Tuesday. Jefferies Group analyst G. Phillips forecasts that the firm will earn $1.46 per share for the year.
ABB (NYSE:ABB) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.09. The company had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.83 billion. ABB’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Several other research firms have also issued reports on ABB. Royal Bank Of Canada lowered ABB from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, April 6th. JPMorgan Chase & Co. raised ABB from an “underweight” rating to a “neutral” rating in a research report on Wednesday, April 20th. Societe Generale raised ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 21st. Robert W. Baird lifted their price target on ABB from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, April 21st. Finally, Citigroup Inc. reaffirmed a “sell” rating on shares of ABB in a research report on Thursday, April 21st. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.25.
The business also recently disclosed an annual dividend, which was paid on Wednesday, July 20th. Investors of record on Tuesday, July 12th were paid a dividend of $0.762 per share. The ex-dividend date was Friday, July 8th. This represents a dividend yield of 3.64%. This is a positive change from ABB’s previous annual dividend of $0.18.
ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications.
