ABB (OTCMKTS:ABBNY) Releases Earnings Results, Misses Estimates By $0.42 EPS

ABB (OTCMKTS:ABBNY) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.42), Zacks reports. ABB had a net margin of 13.86% and a return on equity of 31.25%.

ABB Price Performance

ABBNY opened at $86.05 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.43 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $96.97 and its 200 day moving average price is $99.55. ABB has a fifty-two week low of $67.24 and a fifty-two week high of $110.20. The firm has a market cap of $156.88 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.35.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ABBNY shares. Erste Group Bank lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reaffirmed 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. TD Cowen restated a “hold” rating on shares of ABB in a report on Tuesday, June 30th. Finally, Dnb Carnegie upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, ABB has a consensus rating of “Hold”.

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.