Zacks: Analysts Anticipate Rockwell Automation, Inc. (NYSE:ROK) to Announce $2.16 Earnings Per Share

Wall Street analysts expect Rockwell Automation, Inc. (NYSE:ROK) to announce $2.16 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Rockwell Automation’s earnings, with estimates ranging from $1.92 to $2.28. Rockwell Automation reported earnings per share of $2.43 in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.1%. The company is scheduled to announce its next quarterly earnings report on Tuesday, April 27th.

On average, analysts expect that Rockwell Automation will report full year earnings of $8.93 per share for the current year, with EPS estimates ranging from $8.80 to $9.06. For the next fiscal year, analysts anticipate that the firm will report earnings of $9.52 per share, with EPS estimates ranging from $8.90 to $10.27. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Rockwell Automation.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, January 25th. The industrial products company reported $2.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.49. Rockwell Automation had a net margin of 16.17% and a return on equity of 81.39%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the company earned $2.11 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis.

ROK has been the subject of a number of research reports. Vertical Research raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a report on Monday, January 4th. Barclays increased their price objective on shares of Rockwell Automation from $265.00 to $269.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Rosenblatt Securities reduced their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, January 27th. Credit Suisse Group reduced their price objective on shares of Rockwell Automation from $254.00 to $248.00 and set a “neutral” rating for the company in a research note on Wednesday, January 27th. Finally, Robert W. Baird raised shares of Rockwell Automation from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $253.00 to $275.00 in a research note on Wednesday, January 27th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $248.71.

ROK stock traded up $0.30 during midday trading on Thursday, reaching $261.57. 3,286 shares of the company’s stock traded hands, compared to its average volume of 728,728. Rockwell Automation has a 52-week low of $154.80 and a 52-week high of $275.43. The stock has a market cap of $30.38 billion, a P/E ratio of 29.80, a PEG ratio of 3.26 and a beta of 1.37. The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 1.47. The stock’s 50-day moving average is $257.43 and its 200 day moving average is $248.33.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Tuesday, February 16th were given a dividend of $1.07 per share. The ex-dividend date was Friday, February 12th. This represents a $4.28 annualized dividend and a yield of 1.64%. Rockwell Automation’s dividend payout ratio (DPR) is currently 55.73%.

In other news, SVP Sujeet Chand sold 1,300 shares of the firm’s stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $248.06, for a total value of $322,478.00. Following the completion of the sale, the senior vice president now owns 30,383 shares in the company, valued at approximately $7,536,806.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 3,900 shares of the firm’s stock in a transaction dated Friday, January 29th. The stock was sold at an average price of $255.06, for a total transaction of $994,734.00. Following the completion of the sale, the senior vice president now owns 23,917 shares of the company’s stock, valued at approximately $6,100,270.02. The disclosure for this sale can be found here. Insiders have sold 22,200 shares of company stock valued at $5,873,278 in the last quarter. 0.79% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. IronBridge Private Wealth LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $27,000. BDO Wealth Advisors LLC lifted its holdings in shares of Rockwell Automation by 177.8% in the 4th quarter. BDO Wealth Advisors LLC now owns 125 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 80 shares during the last quarter. RMR Wealth Builders bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $43,000. Hexavest Inc. increased its stake in Rockwell Automation by 45.4% in the 4th quarter. Hexavest Inc. now owns 173 shares of the industrial products company’s stock worth $43,000 after buying an additional 54 shares during the period. Finally, Graves Light Private Wealth Management Inc. purchased a new position in Rockwell Automation in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 76.21% of the company’s stock.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions. The company operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.

See Also: Dogs of the Dow

Get a free copy of the Zacks research report on Rockwell Automation (ROK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.