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

ABB (OTCMKTS:ABBNY) released its quarterly earnings results on Thursday. The industrial products company reported $0.66 earnings per share (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 Trading Down 0.4%

Shares of OTCMKTS ABBNY opened at $103.53 on Thursday. The business has a 50 day simple moving average of $105.27 and a 200 day simple moving average of $92.50. ABB has a 52 week low of $58.72 and a 52 week high of $110.20. The stock has a market cap 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 debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 1.38.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ABBNY shares. Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. Pareto Securities downgraded ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Citigroup reissued a “neutral” rating on shares of ABB in a research report on Thursday, June 18th. Finally, Wall Street Zen downgraded ABB from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Eleven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ABB has an average rating of “Reduce” and an average target price of $58.00.

About ABB

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.