Rockwell Automation (ROK) Expected to Announce Quarterly Sales of $1.74 Billion

Wall Street brokerages expect Rockwell Automation (NYSE:ROK) to report $1.74 billion in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Rockwell Automation’s earnings, with the lowest sales estimate coming in at $1.73 billion and the highest estimate coming in at $1.77 billion. Rockwell Automation posted sales of $1.70 billion during the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The business is expected to report its next quarterly earnings report on Wednesday, July 24th.

On average, analysts expect that Rockwell Automation will report full-year sales of $6.82 billion for the current year, with estimates ranging from $6.79 billion to $6.86 billion. For the next fiscal year, analysts expect that the firm will report sales of $7.09 billion, with estimates ranging from $6.99 billion to $7.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Rockwell Automation.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.07). The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Rockwell Automation had a return on equity of 73.82% and a net margin of 14.43%. Rockwell Automation’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 EPS.

Several equities analysts recently commented on the company. Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Wells Fargo & Co reissued a “buy” rating on shares of Rockwell Automation in a research report on Wednesday, April 10th. Gabelli reissued a “hold” rating on shares of Rockwell Automation in a research report on Friday, April 26th. UBS Group lowered Rockwell Automation from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $182.00 to $190.00 in a research report on Wednesday, March 20th. Finally, Deutsche Bank boosted their price target on Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $174.71.

NYSE ROK traded down $1.11 on Friday, hitting $160.40. The company had a trading volume of 10,971 shares, compared to its average volume of 889,231. The firm has a market cap of $18.77 billion, a PE ratio of 19.77, a PEG ratio of 2.20 and a beta of 1.34. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.23 and a current ratio of 1.59. Rockwell Automation has a 12-month low of $141.46 and a 12-month high of $198.23.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.

In other Rockwell Automation news, insider Elik I. Fooks sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $177.80, for a total value of $906,780.00. Following the transaction, the insider now directly owns 15,597 shares of the company’s stock, valued at approximately $2,773,146.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $177.70, for a total value of $1,640,348.70. Following the completion of the transaction, the senior vice president now directly owns 34,893 shares in the company, valued at $6,200,486.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,384 shares of company stock worth $2,556,521. 1.43% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. GYL Financial Synergies LLC bought a new position in shares of Rockwell Automation in the 1st quarter worth $341,000. Allstate Corp boosted its position in shares of Rockwell Automation by 1.4% in the 1st quarter. Allstate Corp now owns 18,864 shares of the industrial products company’s stock worth $3,310,000 after purchasing an additional 258 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Rockwell Automation by 5.3% in the 1st quarter. Nordea Investment Management AB now owns 132,550 shares of the industrial products company’s stock worth $23,257,000 after purchasing an additional 6,655 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Rockwell Automation in the 1st quarter worth $356,000. Finally, Redwood Investment Management LLC bought a new position in shares of Rockwell Automation in the 1st quarter worth $2,739,000. 76.15% of the stock is currently owned by institutional investors.

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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