ABB (NYSE:ABB) Releases Earnings Results, Beats Estimates By $0.01 EPS

ABB (NYSE:ABB) issued its earnings results on Thursday. The industrial products company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01, MarketWatch Earnings reports. The business had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.25 billion. ABB had a return on equity of 14.27% and a net margin of 19.66%. ABB’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share.

Shares of NYSE:ABB opened at $36.02 on Friday. ABB has a twelve month low of $24.07 and a twelve month high of $36.21. The firm has a market capitalization of $73.95 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 4.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.90 and a current ratio of 1.19. The firm has a fifty day simple moving average of $34.49.

A number of research analysts recently commented on the company. Kepler Capital Markets upgraded ABB from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Friday, July 2nd. The Goldman Sachs Group upgraded ABB from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, July 8th. TheStreet upgraded ABB from a “c+” rating to a “b-” rating in a research note on Tuesday, April 13th. HSBC upgraded ABB from a “hold” rating to a “buy” rating in a research note on Thursday, May 27th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of ABB in a research note on Wednesday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. ABB has a consensus rating of “Hold” and an average price target of $33.33.

About ABB

ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions for integrating and automating lighting, heating, ventilation, security, and data communication networks.

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Earnings History for ABB (NYSE:ABB)

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