|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.95 - 18.95|
|52 Week Range||18.20 - 23.98|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||18.95|
|Forward Dividend & Yield||0.81 (4.37%)|
|1y Target Est||N/A|
For Ulrich Spiesshofer, who left ABB Ltd. on Wednesday after more than five years in charge, the verdict wasn’t kind. ABB stock jumped more than 5 percent on Wednesday after the Swiss engineering conglomerate announced a parting of ways. The company doesn’t have a replacement lined up, so chairman Peter Voser – a former boss of Royal Dutch Shell Plc – will run things until one is found.
The Zurich-based company said it had net income of 25 cents per share. Earnings, adjusted for one-time gains and costs, came to 31 cents per share. The industrial automation company posted revenue of $6.85 ...
ABB pays a juicy dividend, and management is committed to turning the company's performance around. Here's what you need to know before buying into that story.
Ltd. (ABBN.EB) said Thursday that earnings fell in the fourth quarter despite orders rising across all divisions and regions. The Swiss engineering group said net profit for the October-to-December period fell to $317 million from $393 million a year earlier. ABB said profitability was hit by higher costs and charges from legacy operations as well as the acquisition of GE Industrial Solutions.
“We bought six companies in the last two years in robotics and will acquire more,” the newspaper cited the 54-year-old CEO as saying. The executive, who in December told Bloomberg he had the “financial horsepower” for more deals, reiterated plans to bolster the company’s electrification arm in Latin America, southeast Asia and sub-Saharan Africa.
ABB stock might look attractive after its 29% drop in 2018 and the company's latest multibillion-dollar announcement, but invest only after reading this.