Equities Analysts Offer Predictions for ABT FY2026 Earnings
π Erste Group Bank lowered its FY2026 EPS forecast for Abbott Laboratories to $5.47 per share from a previous estimate of $5.48.
π JPMorgan Chase increased its price target on ABT shares to $120.00 and assigned an 'overweight' rating in a recent research note.
π° Abbott Laboratories reported quarterly earnings of $1.31 per share, surpassing the consensus estimate of $1.28 by $0.03.
π The company generated revenue of $12.51 billion for the quarter, marking a 13% increase compared to the same period last year.
π¦ Freemont Management S.A. significantly increased its stake in Abbott Laboratories by 197.2% during the fourth quarter.
π΅ The company declared a quarterly dividend of $0.63 per share, payable on August 17th to shareholders of record on July 15th.
π Goldman Sachs reduced its price target from $121.00 to $113.00 while maintaining a 'buy' rating on the stock.
π― The consensus analyst price target for Abbott Laboratories is currently set at $118.61 with a 'Moderate Buy' overall rating.
π Abbott Laboratories has established full-year 2026 earnings guidance ranging from $5.45 to $5.60 per share.
π Director Daniel J. Starks purchased 10,000 shares of the company's stock for a total transaction value of $926,500.
- Abbott Laboratories beat quarterly earnings expectations with $1.31 EPS compared to the consensus of $1.28.
- The company achieved a strong revenue growth of 13% year-over-year, reaching $12.51 billion for the quarter.
- JPMorgan Chase raised its price target to $120 and assigned an 'overweight' rating, indicating bullish sentiment.
- Freemont Management S.A. increased its holdings by 197.2%, signaling strong institutional confidence in the stock.
- Thrivent Financial for Lutherans boosted its stake by 24.3%, adding over $30 million to its position.
- The company maintains a healthy dividend yield of 2.5% with an annualized payout of $2.52 per share.
- Abbott Laboratories reported a solid return on equity of 17.65% and a net margin of 11.65%.
- Erste Group Bank reduced its FY2026 EPS estimate to $5.47, slightly below the consensus forecast of $5.48.
- Goldman Sachs lowered its price target from $121.00 to $113.00, reflecting a more cautious valuation outlook.
- Raymond James Financial cut its price target significantly from $130.00 to $115.00 despite maintaining an 'outperform' rating.
- Barclays decreased its price target from $144.00 to $143.00, indicating a narrowing of the upside potential.
- Quarterly revenue of $12.51 billion slightly missed analyst expectations of $12.52 billion.