|Bid||20.70 x 21500|
|Ask||20.96 x 800|
|Day's Range||20.84 - 21.02|
|52 Week Range||18.05 - 24.72|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||20.92|
|Forward Dividend & Yield||0.83 (4.38%)|
|1y Target Est||20.68|
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.
Chairman Peter Voser, 61, will take on the role in the interim during the search for a successor, according to a statement Wednesday. Spiesshofer, 55, and the board “mutually agreed for him to step down.” The shares rose as much as 5.8 percent, the biggest jump since February 2013. “We’ve just started the process” to look for a replacement, Voser said on a call with reporters.
HENDERSON, NV / ACCESSWIRE / March 28, 2019 / The energy sector has rallied nearly 15% since the start of 2019. A few companies in the sector caught our eye with impressive M&A activity leading to improved ...
NEW YORK, March 26, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
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.
ABB's revenues rise year over year in Q4 courtesy of the Robotics and Motion segment's robust performance and the Electrification Products segment's solid momentum.
The company also announced a partnership with Dassault Systemes, which increases its exposure to higher-value industrial automation software with an offering more in line with that of Siemens and Schneider Electric. The robotics division came in with better growth than we expected, up 11% for the fourth quarter and 8% for the year, about 200 basis points above our 6% forecast. The industrial automation division (process automation) posted just 1% growth, about half of what we expected.
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.
PALM BEACH, Florida, Feb. 14, 2019 /CNW/ -- Auto industry investing just may have become more sexy, for so many reason. Electric vehicles are becoming more mainstream every day, in almost every nation.
ABB’s digital transformation could accelerate revenue and earnings growth and enhance shareholder returns. And you can collect a 4.2% yield while you wait.
“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.
ABB intends to grow on the back of stellar sales, acquisitions and the Power Grids divestiture. However, material cost inflation remains a major drag.
The divestment of ABB's Power Grids business will enable it to focus more on its core businesses and technologies such as artificial intelligence.