33.12 +0.19 (0.58%)
Pre-market: 6:38AM EDT
|Bid||33.02 x 3200|
|Ask||33.04 x 900|
|Day's range||32.59 - 32.95|
|52-week range||16.80 - 32.95|
|Beta (5Y monthly)||1.09|
|PE ratio (TTM)||13.51|
|Forward dividend & yield||0.87 (2.66%)|
|Ex-dividend date||29 Mar 2021|
|1y target est||33.56|
ABB is publishing preliminary information on its first-quarter 2021 results, which according to the information available to the company, is better than the latest company guidance and current market consensus. The preliminary results were driven by a stronger-than-anticipated market development, especially during the last weeks of March, and relates primarily to the short-cycle business. Quarterly demand is likely to have been supported by customer stock-building activities related to both component availability constraints and rising commodity prices in the industry.
ABB's new share repurchase program is expected to remain operational till Mar 23, 2022.
ABB will launch on April 9, 2021 its previously announced follow-up share buyback program of up to $4.3 billion. Based on the current share price this represents a maximum of approximately 137 million shares. The maximum number of shares that may be repurchased under this new program on any given trading day is 1,543,644.