Rockwell Automation (NYSE:ROK) Expected to Post Quarterly Sales of $1.68 Billion

Wall Street brokerages expect Rockwell Automation (NYSE:ROK) to announce $1.68 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Rockwell Automation’s earnings, with the highest sales estimate coming in at $1.79 billion and the lowest estimate coming in at $1.65 billion. Rockwell Automation posted sales of $1.73 billion in the same quarter last year, which suggests a negative year over year growth rate of 2.9%. The firm is scheduled to report its next earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Rockwell Automation will report full-year sales of $6.65 billion for the current fiscal year, with estimates ranging from $6.61 billion to $6.84 billion. For the next financial year, analysts forecast that the firm will report sales of $6.77 billion, with estimates ranging from $6.64 billion to $7.13 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Rockwell Automation.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.11. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm earned $2.16 earnings per share. Rockwell Automation’s revenue was down 2.0% on a year-over-year basis.



ROK has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 price target on the stock in a research note on Thursday, July 18th. Morgan Stanley reduced their price target on shares of Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating on the stock in a research note on Friday, June 14th. Deutsche Bank raised their price target on shares of Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. BMO Capital Markets reduced their price target on shares of Rockwell Automation from $223.00 to $214.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, Gabelli raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Wednesday, May 29th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $173.33.

ROK stock traded up $0.63 during trading on Friday, hitting $152.51. The company had a trading volume of 424,151 shares, compared to its average volume of 913,285. The firm has a market capitalization of $17.93 billion, a P/E ratio of 18.81, a PEG ratio of 2.26 and a beta of 1.40. Rockwell Automation has a 52-week low of $141.46 and a 52-week high of $198.23. The company has a 50 day simple moving average of $157.16 and a 200-day simple moving average of $167.75. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 1.68.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, August 9th. Rockwell Automation’s payout ratio is 47.84%.

In other Rockwell Automation news, SVP Michael Laszkiewicz sold 263 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $159.38, for a total transaction of $41,916.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Blake D. Moret sold 297 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $161.53, for a total transaction of $47,974.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,810 shares of company stock worth $621,819. 1.43% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. purchased a new position in shares of Rockwell Automation in the 1st quarter valued at approximately $26,000. Coastal Capital Group Inc. purchased a new position in shares of Rockwell Automation in the 2nd quarter valued at approximately $25,000. Griffin Asset Management Inc. purchased a new position in shares of Rockwell Automation in the 2nd quarter valued at approximately $26,000. Thor Advisors LLC purchased a new position in shares of Rockwell Automation in the 1st quarter valued at approximately $29,000. Finally, TCG Advisors LP purchased a new position in shares of Rockwell Automation in the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 76.78% of the company’s stock.

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

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