FY2027 Earnings Forecast for ABB Issued By Erste Group Bank

ABB Ltd (OTCMKTS:ABBNY) – Erste Group Bank upped their FY2027 earnings per share estimates for shares of ABB in a report issued on Friday, September 18th. Erste Group Bank analyst H. Engel now anticipates that the industrial products company will earn $3.69 per share for the year, up from their prior forecast of $3.67. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for ABB’s current full-year earnings is $3.79 per share.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a research report on Tuesday, July 21st. Berenberg Bank raised shares of ABB to a “hold” rating in a report on Monday, June 1st. Zacks Research raised shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. Dnb Carnegie upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Pareto Securities raised ABB from a “hold” rating to a “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, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $58.00.

ABB Stock Up 1.2%

Shares of OTCMKTS ABBNY opened at $101.54 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $98.34 and a 200-day moving average of $97.85. The firm has a market capitalization of $185.12 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 1.36 and a beta of 1.36. ABB has a 12 month low of $67.24 and a 12 month high of $110.20.

ABB (OTCMKTS:ABBNY) last released its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.13). The business had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.34 billion. ABB had a net margin of 13.86% and a return on equity of 31.25%.

Hedge Funds Weigh In On ABB

An institutional investor recently bought a new stake in ABB stock. North Star Asset Management Inc. bought a new position in ABB Ltd (OTCMKTS:ABBNY) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 2,205 shares of the industrial products company’s stock, valued at approximately $240,000. Institutional investors and hedge funds own 1.06% of the company’s stock.

About ABB

ABB Ltd. is a Swiss-Swedish technology company that develops electrification, automation and industrial solutions for customers in utilities, infrastructure, transportation, manufacturing, energy and other industries. Its offerings are designed to improve energy efficiency, productivity, reliability and operational safety.

The company’s principal businesses include electrification products and systems, industrial automation, motion technologies and robotics and discrete automation. Products and services include electrical distribution equipment, building and power-management solutions, drives, motors, control systems, measurement and analytics technologies, industrial robots, collaborative robots and related software and maintenance services.

ABB was formed in 1988 through the merger of Sweden’s ASEA and Switzerland’s Brown Boveri, two engineering companies with roots dating to the late nineteenth century.