ABB Ltd (NYSE:ABB) declared an annual dividend on Monday, March 1st, NASDAQ studies. Traders of file on Tuesday, March thirtieth will likely be given a dividend of 0.528 per share by the economic merchandise firm on Tuesday, March thirtieth. This represents a yield of 1.71%. The ex-dividend date is Monday, March twenty ninth.
ABB has elevated its dividend fee by 8.2% during the last three years and has raised its dividend yearly for the final 1 consecutive years. ABB has a dividend payout ratio of 69.0% indicating that its dividend is sufficiently lined by earnings. Analysts anticipate ABB to earn $1.19 per share subsequent 12 months, which implies the corporate ought to proceed to have the ability to cowl its $0.87 annual dividend with an anticipated future payout ratio of 73.1%.
NYSE:ABB opened at $31.59 on Friday. ABB has a 52-week low of $16.23 and a 52-week excessive of $31.75. The corporate has a market cap of $68.49 billion, a P/E ratio of 12.06, a P/E/G ratio of three.97 and a beta of 1.05. The corporate has a debt-to-equity ratio of 0.37, a fast ratio of 1.13 and a present ratio of 1.42. The inventory’s 50-day easy shifting common is $29.95 and its 200 day easy shifting common is $27.91.
ABB (NYSE:ABB) final introduced its quarterly earnings knowledge on Wednesday, February third. The commercial merchandise firm reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The corporate had income of $7.18 billion for the quarter, in comparison with analysts’ expectations of $6.96 billion. ABB had a return on fairness of 15.47% and a internet margin of 21.33%. The enterprise’s income was up 1.6% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the prior 12 months, the enterprise posted $0.27 EPS. As a gaggle, equities analysts predict that ABB will publish 0.81 earnings per share for the present fiscal 12 months.
A variety of brokerages have lately issued studies on ABB. Deutsche Financial institution Aktiengesellschaft reaffirmed a “promote” ranking on shares of ABB in a report on Tuesday, January twelfth. Berenberg Financial institution upgraded ABB from a “promote” ranking to a “maintain” ranking in a analysis notice on Monday, February eighth. DZ Financial institution raised ABB from a “maintain” ranking to a “purchase” ranking in a report on Friday, February fifth. Nordea Fairness Analysis downgraded shares of ABB from a “purchase” ranking to a “maintain” ranking in a report on Friday, February fifth. Lastly, Barclays downgraded shares of ABB from an “obese” ranking to an “equal weight” ranking in a report on Friday, January fifteenth. 4 equities analysis analysts have rated the inventory with a promote ranking, 9 have issued a maintain ranking and 4 have issued a purchase ranking to the corporate. The inventory presently has a median ranking of “Maintain” and a consensus worth goal of $25.00.
ABB Firm Profile
ABB Ltd manufactures and sells electrification, industrial automation, and robotics and movement merchandise for purchasers in utilities, trade and transport, and infrastructure worldwide. Its Electrification section offers electrical automobile charging infrastructure, renewable energy options, modular substation packages, distribution automation merchandise, switchboard and panel boards, switchgears, UPS options, circuit breakers, measuring and sensing units, management merchandise, wiring equipment, enclosures and cabling programs, and clever house and constructing options for integrating and automating lighting, heating, air flow, safety, and knowledge communication networks.
Featured Story: Short Selling Stocks, A Beginner’s Guide
This instantaneous information alert was generated by narrative science know-how and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]