ABB (OTCMKTS:ABBNY – Get Free Report) announced its quarterly earnings data on Tuesday. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.42), Zacks reports. ABB had a return on equity of 31.25% and a net margin of 13.86%.
ABB Stock Down 1.6%
Shares of OTCMKTS:ABBNY opened at $89.63 on Tuesday. The company’s fifty day moving average is $97.28 and its 200-day moving average is $99.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.43. ABB has a 52 week low of $67.24 and a 52 week high of $110.20. The company has a market capitalization of $163.42 billion, a PE ratio of 32.36, a P/E/G ratio of 1.21 and a beta of 1.35.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Pareto Securities raised shares of ABB from a “hold” rating to a “buy” rating in a report on Thursday, July 16th. Erste Group Bank cut shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Zacks Research raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a research note on Tuesday, July 21st. Finally, TD Cowen reiterated a “hold” rating on shares of ABB in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Report on ABBNY
About ABB
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.
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