Brokerages Expect Rockwell Automation (NYSE:ROK) Will Announce Earnings of $1.92 Per Share

Brokerages forecast that Rockwell Automation (NYSE:ROK) will post earnings per share of $1.92 for the current quarter, according to Zacks. Six analysts have issued estimates for Rockwell Automation’s earnings, with estimates ranging from $1.78 to $2.00. Rockwell Automation reported earnings per share of $2.11 during the same quarter last year, which suggests a negative year-over-year growth rate of 9%. The company is scheduled to issue its next earnings results before the market opens on Tuesday, November 12th.

According to Zacks, analysts expect that Rockwell Automation will report full-year earnings of $8.61 per share for the current financial year, with EPS estimates ranging from $8.45 to $8.70. For the next year, analysts expect that the business will report earnings of $8.69 per share, with EPS estimates ranging from $8.20 to $9.80. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Rockwell Automation.

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

ROK has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Rockwell Automation from $145.00 to $146.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Zacks Investment Research cut Rockwell Automation from a “hold” rating to a “sell” rating and set a $177.00 price objective for the company. in a report on Wednesday, October 16th. Gordon Haskett cut Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Wells Fargo & Co cut Rockwell Automation from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $185.00 to $165.00 in a research note on Monday, September 30th. Finally, Longbow Research restated a “hold” rating on shares of Rockwell Automation in a research note on Tuesday, September 17th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $171.36.

In related news, VP John M. Miller sold 3,250 shares of Rockwell Automation stock in a transaction on Monday, July 29th. The stock was sold at an average price of $163.67, for a total value of $531,927.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.43% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Coastal Capital Group Inc. bought a new stake in Rockwell Automation during the second quarter valued at about $25,000. Griffin Asset Management Inc. bought a new stake in Rockwell Automation during the second quarter valued at about $26,000. Capital Advisors Ltd. LLC grew its holdings in Rockwell Automation by 426.5% during the second quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 145 shares during the period. River & Mercantile Asset Management LLP bought a new stake in Rockwell Automation during the second quarter valued at about $31,000. Finally, Glassman Wealth Services grew its holdings in Rockwell Automation by 65.6% during the second quarter. Glassman Wealth Services now owns 212 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 84 shares during the period. 73.09% of the stock is owned by institutional investors.

NYSE ROK opened at $173.63 on Tuesday. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $191.48. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.17 and a current ratio of 1.51. The stock has a 50 day simple moving average of $163.21 and a two-hundred day simple moving average of $162.86. The stock has a market cap of $20.15 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.40 and a beta of 1.41.

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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