ABB (OTCMKTS:ABBNY) Releases Earnings Results, Misses Estimates By $0.13 EPS

ABB (OTCMKTS:ABBNY) released its quarterly earnings results on Thursday. The industrial products company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.13), Zacks reports. ABB had a net margin of 13.86% and a return on equity of 31.94%.

ABB Price Performance

Shares of ABBNY opened at $96.61 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 1.38. ABB has a 52-week low of $63.76 and a 52-week high of $110.20. The stock has a 50 day simple moving average of $105.14 and a 200 day simple moving average of $92.65. The firm has a market capitalization of $176.13 billion, a PE ratio of 35.52, a P/E/G ratio of 1.62 and a beta of 1.36.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ABBNY shares. Barclays upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup reiterated a “neutral” rating on shares of ABB in a report on Thursday, June 18th. Wall Street Zen cut ABB from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. Finally, Zacks Research cut shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.