Rockwell Automation (ROK) Releases FY19 Earnings Guidance

Rockwell Automation (NYSE:ROK) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $8.85-9.25 for the period, compared to the Thomson Reuters consensus estimate of $9.00. The company issued revenue guidance of $6.85-7.05 billion (+2.7-5.7%), compared to the consensus revenue estimate of $7.04 billion.

Several research analysts have weighed in on the stock. Barclays reissued a hold rating and issued a $176.00 price target on shares of Rockwell Automation in a report on Thursday, July 26th. Zacks Investment Research cut shares of Rockwell Automation from a buy rating to a hold rating in a report on Monday, August 6th. Citigroup set a $185.00 price target on shares of Rockwell Automation and gave the company a hold rating in a report on Thursday. Wells Fargo & Co reissued an outperform rating and issued a $205.00 price target (down from $210.00) on shares of Rockwell Automation in a report on Thursday. Finally, Credit Suisse Group increased their price target on shares of Rockwell Automation from $171.00 to $173.00 and gave the company an underperform rating in a report on Thursday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $179.46.

Shares of NYSE:ROK traded down $6.67 on Thursday, reaching $172.30. 1,392,625 shares of the company’s stock were exchanged, compared to its average volume of 1,065,101. Rockwell Automation has a twelve month low of $153.67 and a twelve month high of $209.38. The firm has a market cap of $21.81 billion, a PE ratio of 25.49, a PEG ratio of 1.69 and a beta of 1.28. The company has a quick ratio of 1.60, a current ratio of 1.93 and a debt-to-equity ratio of 0.85.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, November 7th. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.09. Rockwell Automation had a net margin of 5.97% and a return on equity of 48.24%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business posted $1.69 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts expect that Rockwell Automation will post 8.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 12th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Thursday, November 8th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.92. Rockwell Automation’s dividend payout ratio is presently 54.44%.

Rockwell Automation declared that its Board of Directors has initiated a share buyback program on Thursday, September 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to buy up to 4.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

In other Rockwell Automation news, VP Susan Schmitt sold 4,500 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $175.02, for a total transaction of $787,590.00. Following the transaction, the vice president now owns 15,967 shares in the company, valued at approximately $2,794,544.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.65% of the company’s stock.

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About Rockwell Automation

Rockwell Automation Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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Earnings History and Estimates for Rockwell Automation (NYSE:ROK)

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