ABB Ltd (NYSE:ABB) – Equities researchers at Jefferies Financial Group issued their Q1 2021 earnings per share (EPS) estimates for ABB in a note issued to investors on Tuesday, April 6th. Jefferies Financial Group analyst S. Toennessen anticipates that the industrial products company will earn $0.28 per share for the quarter. Jefferies Financial Group also issued estimates for ABB’s FY2021 earnings at $1.20 EPS and FY2023 earnings at $1.55 EPS.
ABB (NYSE:ABB) last announced its quarterly earnings results on Wednesday, February 3rd. The industrial products company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.10. The business had revenue of $7.18 billion for the quarter, compared to analyst estimates of $6.96 billion. ABB had a net margin of 21.33% and a return on equity of 15.47%. ABB’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 EPS.
ABB has been the topic of a number of other research reports. Credit Suisse Group started coverage on ABB in a research report on Friday, December 18th. They set a “neutral” rating on the stock. Nordea Equity Research downgraded ABB from a “buy” rating to a “hold” rating in a research note on Friday, February 5th. Cowen boosted their target price on shares of ABB from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, February 11th. DZ Bank upgraded shares of ABB from a “hold” rating to a “buy” rating in a research report on Friday, February 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of ABB in a report on Tuesday, January 12th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. ABB has an average rating of “Hold” and an average target price of $30.50.
Shares of ABB stock opened at $31.21 on Thursday. ABB has a 1 year low of $16.80 and a 1 year high of $31.75. The firm has a market capitalization of $67.67 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 3.97 and a beta of 1.05. The company has a current ratio of 1.42, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $30.36 and its 200 day moving average is $28.20.
The firm also recently announced an annual dividend, which will be paid on Saturday, May 15th. Stockholders of record on Tuesday, March 30th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Monday, March 29th. This is a positive change from ABB’s previous annual dividend of $0.83. This represents a dividend yield of 2.7%. ABB’s dividend payout ratio is currently 42.74%.
A number of institutional investors have recently modified their holdings of ABB. Personal CFO Solutions LLC grew its stake in ABB by 4.1% in the 4th quarter. Personal CFO Solutions LLC now owns 9,216 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 364 shares during the period. Colony Group LLC grew its position in ABB by 3.2% during the fourth quarter. Colony Group LLC now owns 11,944 shares of the industrial products company’s stock valued at $334,000 after buying an additional 366 shares during the period. Peapack Gladstone Financial Corp increased its holdings in ABB by 4.7% during the third quarter. Peapack Gladstone Financial Corp now owns 9,536 shares of the industrial products company’s stock worth $243,000 after buying an additional 428 shares during the last quarter. Verdence Capital Advisors LLC raised its position in ABB by 1.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 37,767 shares of the industrial products company’s stock worth $1,056,000 after acquiring an additional 443 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in ABB by 24.9% in the fourth quarter. AdvisorNet Financial Inc now owns 2,264 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 452 shares during the last quarter. Institutional investors and hedge funds own 4.08% of the company’s stock.
ABB Company Profile
ABB Ltd manufactures and sells electrification, industrial automation, and robotics and motion products for customers in utilities, industry and transport, and infrastructure worldwide. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions for integrating and automating lighting, heating, ventilation, security, and data communication networks.
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