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NYSE:ABBNY

ABB (ABBNY) Stock Price, News & Analysis

$57.78
+1.33 (+2.36%)
(As of 07/12/2024 ET)
Today's Range
$57.40
$58.11
50-Day Range
$50.24
$57.90
52-Week Range
$32.88
$58.22
Volume
203,367 shs
Average Volume
224,247 shs
Market Capitalization
$108.74 billion
P/E Ratio
29.78
Dividend Yield
1.00%
Price Target
N/A
ABBNY stock logo

About ABB Stock (NYSE:ABBNY)

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. The company's Motion segment designs, manufactures, and sells drives, motors, generators, and traction converters that are driving the low-carbon future for industries, cities, infrastructure, and transportation. The company's Process Automation segment provides control technologies, industrial software, advanced analytics, sensing and measurement technology, and marine propulsion systems; and repair, remote monitoring, preventive maintenance, asset performance management, emission monitoring, and cybersecurity services. The company's Robotics & Discrete Automation segment offers industrial and collaborative robots, autonomous mobile robotics, mapping and navigation solutions, robotic solutions, field services, spare parts, and digital services. This segment also provides solutions based on its programmable logic controllers, industrial PCs, servo motion, transport systems, and machine vision. It serves oil, gas, chemicals, mining, metals, cement, pulp and paper, pharmaceuticals, battery manufacturing, food and beverage, power generation, water, marine, and ports industries. The company was founded in 1883 and is headquartered in Zurich, Switzerland.

ABBNY Stock Price History

ABBNY Stock News Headlines

ABB (NYSE:ABBNY) Shares Cross Above 200 Day Moving Average of $48.47
Exposed: 3 CENT Crypto to Explode June 24th?
Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017… And has spotted 44 different coins that have returned over 100%... Today, he is now making the biggest crypto call of his ENTIRE career…
Exposed: 3 CENT Crypto to Explode June 24th?
Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017… And has spotted 44 different coins that have returned over 100%... Today, he is now making the biggest crypto call of his ENTIRE career…
Kepler Capital Keeps Their Hold Rating on ABB Ltd (ABBNY)
See More Headlines
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Company Calendar

Last Earnings
4/18/2024
Today
7/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Switchgear & switchboard apparatus
Sub-Industry
N/A
Current Symbol
NYSE:ABBNY
Employees
50,300
Year Founded
1988

Profitability

Net Income
$3.75 billion
Pretax Margin
15.03%

Debt

Sales & Book Value

Annual Sales
$32.24 billion
Cash Flow
$2.47 per share
Book Value
$7.47 per share

Miscellaneous

Outstanding Shares
1,882,000,000
Free Float
1,789,785,000
Market Cap
$108.74 billion
Optionable
No Data
Beta
1.15

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Key Executives

  • Mr. Bjorn Klas Otto Rosengren (Age 65)
    Chief Executive Officer
    Comp: $7.75M
  • Mr. Timo J. Ihamuotila (Age 58)
    Chief Financial Officer
    Comp: $4.11M
  • Ms. Karin Lepasoon L.L.M. (Age 56)
    Chief Communications & Sustainability Officer
    Comp: $2.13M
  • Ms. Carolina Yvonne Granat (Age 52)
    Chief Human Resources Officer
    Comp: $2.91M
  • Dr. Peter Terwiesch (Age 58)
    President of Process Automation
    Comp: $3.55M
  • Dr. Sami Atiya (Age 60)
    President of Robotics & Discrete Automation Business
    Comp: $3.24M
  • Mr. Morten Wierod (Age 52)
    President of Electrification Business Area
    Comp: $4.01M
  • Mr. Alec Joannou
    Chief Information Officer
  • Ms. Ann-Sofie Nordh (Age 55)
    Group Senior VP & Head of Investor Relations
  • Ms. Natalia Shehadeh
    Interim General Counsel & Company Secretary

Should I Buy ABB Stock? ABBNY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in ABB Ltd:

  • ABB Ltd (ABBNY) recently hit a new 1-year high at $55.98, indicating positive momentum in the stock price.
  • The company has a market capitalization of $107.01 billion, showcasing its strong position in the market.
  • ABB Ltd provides electrification, motion, and automation solutions for customers globally, offering diversified revenue streams.
  • The company has a return on equity of 26.66%, reflecting efficient utilization of shareholder funds.
  • ABB Ltd's revenue for the last reported quarter was $7.87 billion, demonstrating robust business performance.

Cons

Investors should be bearish about investing in ABB Ltd for these reasons:

  • The stock has a price-to-earnings ratio of 29.24, which may indicate the stock is relatively expensive compared to its earnings.
  • ABB Ltd's PEG ratio of 3.09 suggests that the stock may be overvalued based on its future growth prospects.
  • The company's quick ratio of 0.88 may raise concerns about its short-term liquidity position.
  • ABB Ltd's beta of 1.16 indicates that the stock is slightly more volatile than the overall market.
  • The stock missed analysts' consensus estimates in the last earnings report, which could impact investor confidence.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 2, 2024. Please send any questions or comments about these ABB pros and cons to contact@marketbeat.com.

ABBNY Stock Analysis - Frequently Asked Questions

How have ABBNY shares performed this year?

ABB's stock was trading at $44.30 at the start of the year. Since then, ABBNY shares have increased by 30.4% and is now trading at $57.78.
View the best growth stocks for 2024 here
.

How were ABB's earnings last quarter?

ABB Ltd (NYSE:ABBNY) posted its quarterly earnings results on Thursday, April, 18th. The industrial products company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by $0.29. The industrial products company had revenue of $7.87 billion for the quarter. ABB had a net margin of 11.21% and a trailing twelve-month return on equity of 26.66%.

Does ABB have any subsidiaries?

ABB subsidiaries include In-Charge Energy, ASTI Mobile Robotics, Codian Robotics, Cylon Controls, Chargedot, GE Industrial Solutions, KEYMILE - Business, and more.

How do I buy shares of ABB?

Shares of ABBNY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ABBNY) was last updated on 7/14/2024 by MarketBeat.com Staff

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