ABB (OTCMKTS:ABBNY – Get Free Report) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.42), Zacks reports. The business had revenue of $9.70 billion for the quarter. ABB had a return on equity of 31.11% and a net margin of 13.55%.
ABB Stock Up 1.0%
ABBNY opened at $86.93 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.43 and a quick ratio of 1.08. ABB has a 12 month low of $67.24 and a 12 month high of $110.20. The stock has a market capitalization of $158.49 billion, a P/E ratio of 31.50, a P/E/G ratio of 1.14 and a beta of 1.35. The business has a 50 day simple moving average of $96.65 and a 200-day simple moving average of $99.58.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on ABBNY. Dnb Carnegie upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ABB in a research report on Tuesday, September 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ABB in a research note on Tuesday, July 21st. Pareto Securities raised ABB from a “hold” rating to a “buy” rating in a research note on Thursday, July 16th. Finally, TD Cowen reaffirmed a “hold” rating on shares of ABB in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.
Check Out Our Latest Analysis on ABBNY
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.
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