Brokerages predict that Rockwell Automation (NYSE:ROK) will announce earnings per share of $1.95 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Rockwell Automation’s earnings, with the highest EPS estimate coming in at $2.05 and the lowest estimate coming in at $1.89. Rockwell Automation posted earnings per share of $2.11 during the same quarter last year, which suggests a negative year over year growth rate of 7.6%. The business is scheduled to report its next earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that Rockwell Automation will report full-year earnings of $8.63 per share for the current fiscal year, with EPS estimates ranging from $8.55 to $8.71. For the next year, analysts forecast that the business will report earnings of $8.86 per share, with EPS estimates ranging from $8.40 to $9.80. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow Rockwell Automation.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.11. Rockwell Automation had a return on equity of 78.71% and a net margin of 15.44%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the firm earned $2.16 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis.

Several research firms have issued reports on ROK. Barclays dropped their price target on shares of Rockwell Automation from $164.00 to $162.00 and set an “equal weight” rating on the stock in a research report on Monday, July 1st. Morgan Stanley dropped their target price on shares of Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating on the stock in a report on Friday, June 14th. Gordon Haskett downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Co reiterated a “buy” rating on shares of Rockwell Automation in a report on Friday, July 26th. Finally, Gabelli raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Wednesday, May 29th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $173.33.

In other Rockwell Automation news, VP John M. Miller sold 3,250 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $163.67, for a total value of $531,927.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Blake D. Moret sold 297 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $161.53, for a total transaction of $47,974.41. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Commonwealth Bank of Australia raised its stake in Rockwell Automation by 0.5% during the first quarter. Commonwealth Bank of Australia now owns 12,238 shares of the industrial products company’s stock worth $2,141,000 after acquiring an additional 60 shares in the last quarter. Cooper Financial Group grew its holdings in shares of Rockwell Automation by 2.2% during the second quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock worth $493,000 after purchasing an additional 64 shares during the last quarter. Portland Global Advisors LLC increased its stake in shares of Rockwell Automation by 0.3% in the second quarter. Portland Global Advisors LLC now owns 19,964 shares of the industrial products company’s stock valued at $3,271,000 after buying an additional 64 shares during the period. O Shares Investment Advisers LLC raised its holdings in Rockwell Automation by 1.4% in the 1st quarter. O Shares Investment Advisers LLC now owns 4,853 shares of the industrial products company’s stock valued at $852,000 after buying an additional 65 shares during the last quarter. Finally, LS Investment Advisors LLC raised its holdings in Rockwell Automation by 1.6% in the 2nd quarter. LS Investment Advisors LLC now owns 4,167 shares of the industrial products company’s stock valued at $683,000 after buying an additional 66 shares during the last quarter. 72.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE ROK traded down $0.09 during trading hours on Friday, hitting $163.78. The company had a trading volume of 869,940 shares, compared to its average volume of 906,573. The stock has a market capitalization of $18.95 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 2.40 and a beta of 1.41. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $198.23. The firm’s 50 day moving average is $154.73 and its 200-day moving average is $165.71. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 1.68.

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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