Wall Street analysts expect Rockwell Automation (NYSE:ROK) to report earnings per share (EPS) of $2.34 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Rockwell Automation’s earnings. The lowest EPS estimate is $2.25 and the highest is $2.44. Rockwell Automation reported earnings of $2.16 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The firm is expected to report its next earnings results on Wednesday, July 24th.

On average, analysts expect that Rockwell Automation will report full year earnings of $8.90 per share for the current financial year, with EPS estimates ranging from $8.69 to $9.07. For the next fiscal year, analysts forecast that the company will post earnings of $9.59 per share, with EPS estimates ranging from $9.25 to $9.90. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Rockwell Automation.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, April 25th. The industrial products company reported $2.04 earnings per share (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 analysts’ expectations of $1.71 billion. Rockwell Automation had a return on equity of 73.82% and a net margin of 14.43%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company posted $1.89 earnings per share.

ROK has been the topic of a number of research reports. Wells Fargo & Co restated a “buy” rating on shares of Rockwell Automation in a report on Wednesday, April 10th. Gabelli upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Wednesday, May 29th. Barclays restated a “hold” rating and issued a $164.00 price target on shares of Rockwell Automation in a report on Thursday, June 6th. Deutsche Bank upped their price target on Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Finally, UBS Group cut Rockwell Automation from a “buy” rating to a “neutral” rating and upped their price target for the stock from $182.00 to $190.00 in a report on Wednesday, March 20th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $173.67.

In other Rockwell Automation news, SVP Michael Laszkiewicz sold 263 shares of the stock in a transaction on 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 legal filing with the SEC, which is accessible through the SEC website. 1.43% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Zions Bancorporation N.A. acquired a new stake in Rockwell Automation during the 1st quarter valued at $26,000. TCG Advisors LP acquired a new stake in Rockwell Automation during the 1st quarter valued at $29,000. JOYN Advisors Inc. grew its holdings in Rockwell Automation by 104.4% during the 4th quarter. JOYN Advisors Inc. now owns 186 shares of the industrial products company’s stock valued at $28,000 after buying an additional 95 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Rockwell Automation during the 4th quarter valued at $29,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in shares of Rockwell Automation during the first quarter worth $35,000. Hedge funds and other institutional investors own 75.18% of the company’s stock.

Shares of ROK traded down $1.56 on Friday, reaching $157.52. The stock had a trading volume of 223,131 shares, compared to its average volume of 903,247. The stock has a market cap of $18.62 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.27 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.59 and a quick ratio of 1.23. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $198.23.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, August 9th. Rockwell Automation’s dividend payout ratio (DPR) 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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