Zacks: Brokerages Expect Rockwell Automation (NYSE:ROK) Will Announce Quarterly Sales of $1.74 Billion

Analysts forecast that Rockwell Automation (NYSE:ROK) will report $1.74 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for Rockwell Automation’s earnings. The highest sales estimate is $1.77 billion and the lowest is $1.73 billion. Rockwell Automation reported sales of $1.70 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings results 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 year, analysts expect that the business will post sales of $7.08 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 research firms that follow 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 analysts’ consensus estimates of $2.11 by ($0.07). The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.71 billion. Rockwell Automation had a net margin of 14.43% and a return on equity of 73.82%. Rockwell Automation’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the business posted $1.89 earnings per share.

A number of research analysts recently issued reports on the company. Gabelli reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Friday, April 26th. Wells Fargo & Co decreased their price target on Rockwell Automation from $215.00 to $205.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Barclays reiterated a “hold” rating and issued a $164.00 price target on shares of Rockwell Automation in a research report on Thursday, June 6th. Finally, Deutsche Bank increased their price target on Rockwell Automation from $173.00 to $186.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Rockwell Automation has an average rating of “Hold” and a consensus target price of $172.67.

In other Rockwell Automation news, SVP Michael Laszkiewicz sold 263 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $159.38, for a total transaction of $41,916.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake in shares of Rockwell Automation by 0.6% during the 1st quarter. FMR LLC now owns 119,971 shares of the industrial products company’s stock worth $21,050,000 after purchasing an additional 709 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Rockwell Automation during the 1st quarter worth about $356,000. Redwood Investment Management LLC purchased a new stake in shares of Rockwell Automation during the 1st quarter worth about $2,739,000. Nordea Investment Management AB raised its stake in shares of Rockwell Automation by 5.3% during 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 in the last quarter. Finally, Allstate Corp raised its stake in shares of Rockwell Automation by 1.4% during 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 in the last quarter. Hedge funds and other institutional investors own 75.18% of the company’s stock.

Shares of ROK traded down $2.78 during trading hours on Friday, reaching $156.53. 478,164 shares of the company’s stock traded hands, compared to its average volume of 852,214. The firm has a market capitalization of $18.53 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.30 and a beta of 1.43. 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 twelve month low of $141.46 and a twelve month high of $198.23.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.88 dividend on an annualized basis and a yield of 2.48%. Rockwell Automation’s payout ratio is presently 47.84%.

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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