ABB (OTCMKTS:ABBNY) Releases Earnings Results, Misses Expectations By $0.42 EPS

ABB (OTCMKTS:ABBNY) released its earnings results on Tuesday. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.42), Zacks reports. ABB had a net margin of 13.86% and a return on equity of 31.25%.

ABB Trading Down 1.6%

ABB stock opened at $89.63 on Tuesday. ABB has a 52-week low of $67.24 and a 52-week high of $110.20. The company has a market cap of $163.42 billion, a P/E ratio of 33.11, a P/E/G ratio of 1.21 and a beta of 1.35. The company has a quick ratio of 1.08, a current ratio of 1.43 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $97.28 and a two-hundred day simple moving average of $99.53.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ABBNY. Erste Group Bank lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Dnb Carnegie upgraded ABB from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating on shares of ABB in a research report on Tuesday, July 21st. TD Cowen restated a “hold” rating on shares of ABB in a research note on Tuesday, June 30th. Finally, Zacks Research upgraded ABB from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

ABB Company Profile

ABB Ltd. (OTCMKTS:ABBNY) is a Swiss-Swedish technology company that develops products, systems and services for electrification, industrial automation and energy management. Its offerings include electrical distribution equipment, industrial control systems, motors, drives, measurement and analytical instruments, and software designed to improve the efficiency, reliability and sustainability of industrial and commercial operations.

The company also provides robotics and automation solutions for manufacturing, logistics and other industrial applications.