ABB (OTCMKTS:ABBNY) Posts Earnings Results, Misses Estimates By $0.13 EPS

ABB (OTCMKTS:ABBNY) posted its quarterly earnings data on Thursday. The industrial products company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.13), Zacks reports. ABB had a net margin of 13.86% and a return on equity of 31.94%.

ABB Stock Performance

Shares of OTCMKTS ABBNY opened at $103.53 on Thursday. The stock’s fifty day simple moving average is $105.27 and its 200 day simple moving average is $92.50. The stock has a market capitalization of $188.75 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 1.63 and a beta of 1.36. The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. ABB has a 52-week low of $58.72 and a 52-week high of $110.20.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Zacks Research lowered ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft upgraded ABB from a “sell” rating to a “hold” rating in a report on Thursday, April 23rd. Berenberg Bank raised ABB to a “hold” rating in a report on Monday, June 1st. TD Cowen reissued a “hold” rating on shares of ABB in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ABB presently has an average rating of “Reduce” and an average target price of $58.00.

ABB Company Profile

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.