Rockwell Automation (ROK) Scheduled to Post Quarterly Earnings on Tuesday

Rockwell Automation (NYSE:ROK) is scheduled to announce its earnings results before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $1.82 per share for the quarter. Rockwell Automation has set its FY18 guidance at $7.60-7.90 EPS.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.22. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the business earned $1.75 earnings per share. Rockwell Automation’s revenue was up 6.5% compared to the same quarter last year. On average, analysts expect Rockwell Automation to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

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Shares of NYSE ROK opened at $172.83 on Monday. Rockwell Automation has a 1 year low of $151.78 and a 1 year high of $210.72. The company has a market cap of $22,084.91, a P/E ratio of 25.57, a PEG ratio of 1.95 and a beta of 1.26. The company has a current ratio of 1.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.57.

Rockwell Automation declared that its board has authorized a share buyback program on Wednesday, January 24th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, SVP Frank C. Kulaszewicz sold 43,100 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $177.68, for a total value of $7,658,008.00. Following the transaction, the senior vice president now owns 35,338 shares of the company’s stock, valued at approximately $6,278,855.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John P. Mcdermott sold 2,050 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $187.90, for a total transaction of $385,195.00. Following the completion of the transaction, the insider now directly owns 40,353 shares in the company, valued at approximately $7,582,328.70. The disclosure for this sale can be found here. In the last three months, insiders sold 123,627 shares of company stock worth $23,604,488. Insiders own 1.65% of the company’s stock.

A number of research firms have weighed in on ROK. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $194.00 price target on the stock in a research note on Wednesday, April 4th. Wells Fargo raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a research note on Wednesday, March 28th. Barclays cut their price target on shares of Rockwell Automation from $200.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, March 26th. Cowen increased their price target on shares of Rockwell Automation from $165.00 to $175.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 20th. Finally, ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Saturday, March 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $189.58.

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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.

Earnings History for Rockwell Automation (NYSE:ROK)

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