Rockwell Automation (NYSE:ROK) Issues Earnings Results, Beats Expectations By $0.49 EPS

Posted by on Jan 28th, 2021 // Comments off

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

NYSE:ROK traded down $3.40 during trading hours on Wednesday, hitting $241.05. The stock had a trading volume of 2,199,251 shares, compared to its average volume of 832,144. The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 1.47. Rockwell Automation has a 1-year low of $115.38 and a 1-year high of $268.91. The business has a 50 day simple moving average of $253.71 and a two-hundred day simple moving average of $238.26. The company has a market cap of $28.00 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 3.26 and a beta of 1.37.

A number of research analysts have issued reports on ROK shares. Wells Fargo & Company restated a “hold” rating on shares of Rockwell Automation in a report on Thursday, November 12th. Vertical Research upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a report on Monday, January 4th. JPMorgan Chase & Co. upped their target price on shares of Rockwell Automation from $155.00 to $188.00 and gave the company an “underweight” rating in a report on Wednesday, October 7th. Citigroup cut their price objective on shares of Rockwell Automation from $297.00 to $291.00 in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $256.00 price objective on the stock in a report on Friday, November 13th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Rockwell Automation has a consensus rating of “Hold” and an average target price of $234.88.

In other Rockwell Automation news, SVP Christopher Nardecchia sold 319 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $245.73, for a total value of $78,387.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John M. Miller sold 133 shares of the stock in a transaction that occurred on Wednesday, December 9th. The shares were sold at an average price of $249.93, for a total transaction of $33,240.69. Following the completion of the sale, the vice president now directly owns 4,184 shares of the company’s stock, valued at approximately $1,045,707.12. The disclosure for this sale can be found here. Insiders sold 79,463 shares of company stock valued at $19,609,509 in the last ninety days. 0.79% of the stock is owned by corporate insiders.

Rockwell Automation Company Profile

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.

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Earnings History for Rockwell Automation (NYSE:ROK)

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