ABB Ltd (NYSE:ABB) – Jefferies Financial Group decreased their FY2022 earnings per share (EPS) estimates for shares of ABB in a research note issued to investors on Tuesday, April 6th. Jefferies Financial Group analyst S. Toennessen now forecasts that the industrial products company will earn $1.41 per share for the year, down from their prior forecast of $1.43.
Several other research analysts also recently commented on the company. Barclays restated an “equal weight” rating on shares of ABB in a report on Wednesday. The Goldman Sachs Group began coverage on ABB in a report on Monday. They set a “buy” rating on the stock. Nordea Equity Research downgraded ABB from a “buy” rating to a “hold” rating in a report on Friday, February 5th. JPMorgan Chase & Co. restated a “sell” rating on shares of ABB in a report on Friday. Finally, Cowen raised their price objective on ABB from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, February 11th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. ABB currently has a consensus rating of “Hold” and an average price target of $30.50.
ABB opened at $31.58 on Friday. The stock’s fifty day moving average is $30.39 and its two-hundred day moving average is $28.22. The company has a market capitalization of $68.47 billion, a P/E ratio of 12.05, a PEG ratio of 3.97 and a beta of 1.05. ABB has a 52 week low of $16.80 and a 52 week high of $31.75. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 0.37.
ABB (NYSE:ABB) last issued its quarterly earnings data on Wednesday, February 3rd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. ABB had a return on equity of 15.47% and a net margin of 21.33%. The business had revenue of $7.18 billion for the quarter, compared to the consensus estimate of $6.96 billion. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year.
The business also recently announced an annual dividend, which will be paid on Saturday, May 15th. Shareholders of record on Tuesday, March 30th will be given a dividend of $0.85 per share. This represents a yield of 2.7%. The ex-dividend date of this dividend is Monday, March 29th. This is a boost from ABB’s previous annual dividend of $0.83. ABB’s dividend payout ratio (DPR) is 42.74%.
A number of hedge funds and other institutional investors have recently made changes to their positions in ABB. Dimensional Fund Advisors LP boosted its position in shares of ABB by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 60,651 shares of the industrial products company’s stock worth $1,696,000 after purchasing an additional 6,784 shares in the last quarter. Voya Financial Advisors Inc. boosted its position in shares of ABB by 18.1% in the 4th quarter. Voya Financial Advisors Inc. now owns 21,141 shares of the industrial products company’s stock worth $590,000 after purchasing an additional 3,243 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of ABB by 1.4% in the 4th quarter. Moody National Bank Trust Division now owns 33,957 shares of the industrial products company’s stock worth $949,000 after purchasing an additional 456 shares in the last quarter. RMR Wealth Builders acquired a new stake in shares of ABB in the 4th quarter worth $37,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of ABB in the 4th quarter worth $4,418,000. 4.08% of the stock is currently owned by institutional investors and hedge funds.
About ABB
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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