Analysts predict that ABB Ltd (NYSE:ABB) will announce $0.38 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for ABB’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.38. ABB posted earnings per share of $0.34 in the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, October 25th.

On average, analysts expect that ABB will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.48. For the next financial year, analysts forecast that the firm will post earnings of $1.54 per share, with EPS estimates ranging from $1.47 to $1.60. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover ABB.

ABB (NYSE:ABB) last announced its quarterly earnings data on Thursday, July 19th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. ABB had a return on equity of 19.94% and a net margin of 6.24%. The business had revenue of $8.89 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the business posted $0.30 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year.

ABB has been the topic of a number of research reports. Zacks Investment Research cut ABB from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of ABB in a research note on Monday, July 9th. Jefferies Financial Group upgraded ABB from an “underperform” rating to a “hold” rating and set a $23.00 price objective on the stock in a research note on Wednesday, July 11th. ValuEngine upgraded ABB from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Finally, DNB Markets initiated coverage on ABB in a research note on Monday, September 3rd. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. ABB has an average rating of “Hold” and an average target price of $25.67.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC increased its position in shares of ABB by 6.2% during the second quarter. Fisher Asset Management LLC now owns 10,265,149 shares of the industrial products company’s stock valued at $223,472,000 after buying an additional 600,743 shares during the period. Bank of America Corp DE increased its position in shares of ABB by 5.3% during the second quarter. Bank of America Corp DE now owns 7,626,928 shares of the industrial products company’s stock valued at $166,038,000 after buying an additional 383,395 shares during the period. Boston Partners increased its position in shares of ABB by 5.3% during the second quarter. Boston Partners now owns 7,380,465 shares of the industrial products company’s stock valued at $160,673,000 after buying an additional 370,034 shares during the period. Northern Trust Corp increased its position in shares of ABB by 3.9% during the second quarter. Northern Trust Corp now owns 5,964,429 shares of the industrial products company’s stock valued at $129,846,000 after buying an additional 226,466 shares during the period. Finally, BlackRock Inc. increased its position in shares of ABB by 1.0% during the first quarter. BlackRock Inc. now owns 3,808,310 shares of the industrial products company’s stock valued at $90,409,000 after buying an additional 39,560 shares during the period. Hedge funds and other institutional investors own 5.29% of the company’s stock.

ABB stock traded up $0.12 during midday trading on Monday, reaching $21.26. The stock had a trading volume of 1,587,514 shares, compared to its average volume of 2,140,490. ABB has a 12 month low of $21.01 and a 12 month high of $28.67. The stock has a market capitalization of $50.54 billion, a P/E ratio of 17.01, a P/E/G ratio of 2.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.85 and a current ratio of 1.15.

About ABB

ABB Ltd manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide. Its Electrification Products segment provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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Earnings History and Estimates for ABB (NYSE:ABB)

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