ABB (OTCMKTS:ABBNY) Issues Earnings Results

ABB (OTCMKTS:ABBNY) posted its earnings results on Thursday. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.13), Zacks reports. ABB had a return on equity of 31.52% and a net margin of 13.86%.The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.34 billion.

ABB Price Performance

Shares of ABBNY opened at $98.29 on Friday. The business has a 50-day moving average of $104.97 and a 200-day moving average of $92.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.38 and a quick ratio of 1.05. ABB has a 1 year low of $63.77 and a 1 year high of $110.20. The company has a market capitalization of $179.20 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ABBNY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ABB in a report on Wednesday, May 6th. Kepler Capital Markets cut ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Dnb Carnegie raised ABB from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Pareto Securities raised shares of ABB from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Citigroup reiterated a “neutral” rating on shares of ABB in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $58.00.

About ABB

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.