$2.85 Earnings Per Share Expected for Rockwell Automation, Inc. (NYSE:ROK) This Quarter

Wall Street brokerages forecast that Rockwell Automation, Inc. (NYSE:ROKGet Rating) will announce $2.85 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Rockwell Automation’s earnings, with estimates ranging from $2.54 to $3.12. Rockwell Automation posted earnings of $2.31 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.4%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Rockwell Automation will report full year earnings of $10.51 per share for the current financial year, with EPS estimates ranging from $9.57 to $10.93. For the next financial year, analysts expect that the business will report earnings of $11.70 per share, with EPS estimates ranging from $10.89 to $12.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Rockwell Automation.

Rockwell Automation (NYSE:ROKGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported $1.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.26 by ($0.60). The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Rockwell Automation had a net margin of 13.81% and a return on equity of 42.24%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.41 earnings per share.

Several brokerages recently commented on ROK. Mizuho reduced their price objective on shares of Rockwell Automation from $345.00 to $215.00 in a research note on Wednesday. Credit Suisse Group decreased their price target on Rockwell Automation from $308.00 to $256.00 in a research note on Wednesday. Morgan Stanley dropped their price objective on Rockwell Automation from $395.00 to $360.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. JPMorgan Chase & Co. decreased their target price on Rockwell Automation from $225.00 to $220.00 in a research report on Friday, January 28th. Finally, Citigroup lowered their target price on Rockwell Automation from $357.00 to $310.00 in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $279.88.

Institutional investors have recently added to or reduced their stakes in the stock. Capital Advisory Group Advisory Services LLC purchased a new position in shares of Rockwell Automation in the 1st quarter worth $28,000. D Orazio & Associates Inc. raised its holdings in Rockwell Automation by 69.8% in the third quarter. D Orazio & Associates Inc. now owns 107 shares of the industrial products company’s stock valued at $31,000 after buying an additional 44 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC lifted its position in Rockwell Automation by 419.0% during the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 109 shares of the industrial products company’s stock valued at $31,000 after buying an additional 88 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Rockwell Automation by 64.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 92 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 36 shares in the last quarter. Finally, Riverview Trust Co purchased a new stake in shares of Rockwell Automation in the first quarter worth about $32,000. Hedge funds and other institutional investors own 78.21% of the company’s stock.

Shares of NYSE ROK traded up $4.96 during trading on Wednesday, hitting $218.70. 7,389 shares of the company were exchanged, compared to its average volume of 577,470. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.07 and a quick ratio of 0.78. Rockwell Automation has a 1 year low of $210.62 and a 1 year high of $354.99. The company has a market cap of $25.41 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.60 and a beta of 1.41. The firm’s fifty day moving average price is $267.42 and its 200 day moving average price is $302.84.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Monday, May 16th will be issued a $1.12 dividend. The ex-dividend date is Friday, May 13th. This represents a $4.48 annualized dividend and a yield of 2.05%. Rockwell Automation’s dividend payout ratio (DPR) is presently 52.21%.

Rockwell Automation announced that its board has initiated a stock repurchase program on Tuesday, May 3rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to buy up to 4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Rockwell Automation Company Profile (Get Rating)

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

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