Wall Street analysts expect Rockwell Automation (NYSE:ROK) to report earnings of $1.80 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Rockwell Automation’s earnings, with the highest EPS estimate coming in at $1.86 and the lowest estimate coming in at $1.73. Rockwell Automation posted earnings of $1.55 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 16.1%. The business is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, April 25th.
According to Zacks, analysts expect that Rockwell Automation will report full-year earnings of $7.80 per share for the current financial year, with EPS estimates ranging from $7.65 to $7.95. For the next year, analysts anticipate that the company will post earnings of $8.75 per share, with EPS estimates ranging from $8.35 to $9.27. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Rockwell Automation.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.22. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share.
ROK has been the topic of a number of recent research reports. Wells Fargo boosted their target price on Rockwell Automation from $190.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Cowen boosted their target price on Rockwell Automation from $165.00 to $175.00 and gave the company a “market perform” rating in a report on Tuesday, March 20th. Daiwa Capital Markets initiated coverage on Rockwell Automation in a report on Wednesday, December 20th. They issued a “neutral” rating and a $199.00 target price on the stock. Morgan Stanley boosted their target price on Rockwell Automation from $194.00 to $206.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Finally, Citigroup dropped their target price on Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $189.58.
Shares of NYSE:ROK traded up $1.00 during trading on Thursday, reaching $174.58. The company had a trading volume of 543,916 shares, compared to its average volume of 896,817. The firm has a market cap of $22,091.30, a P/E ratio of 24.84, a PEG ratio of 1.95 and a beta of 1.26. The company has a current ratio of 1.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.57. Rockwell Automation has a fifty-two week low of $148.32 and a fifty-two week high of $210.72.
Rockwell Automation announced that its board has authorized a share buyback plan on Wednesday, January 24th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
In other Rockwell Automation news, insider Theodore D. Crandall sold 10,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $202.94, for a total transaction of $2,029,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 43,100 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $177.68, for a total value of $7,658,008.00. Following the sale, the senior vice president now owns 35,338 shares in the company, valued at $6,278,855.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,627 shares of company stock worth $23,604,488. Company insiders own 1.28% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Republic Investment Management Inc. boosted its position in shares of Rockwell Automation by 20.1% in the third quarter. First Republic Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock worth $1,919,000 after buying an additional 1,801 shares during the period. Point72 Asset Management L.P. bought a new position in Rockwell Automation in the 3rd quarter valued at about $9,231,000. Cubist Systematic Strategies LLC raised its holdings in Rockwell Automation by 123.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 4,355 shares of the industrial products company’s stock valued at $776,000 after acquiring an additional 2,407 shares during the period. Valeo Financial Advisors LLC bought a new position in Rockwell Automation in the 3rd quarter valued at about $131,000. Finally, Janney Montgomery Scott LLC raised its holdings in Rockwell Automation by 14.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,520 shares of the industrial products company’s stock valued at $2,053,000 after acquiring an additional 1,453 shares during the period. Institutional investors own 73.22% of the company’s stock.
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Rockwell Automation Company Profile
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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