Rockwell Automation, Inc. (NYSE:ROK) Expected to Announce Quarterly Sales of $1.72 Billion


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Brokerages predict that Rockwell Automation, Inc. (NYSE:ROK) will announce sales of $1.72 billion for the current quarter, according to Zacks. Five analysts have made estimates for Rockwell Automation’s earnings. The lowest sales estimate is $1.68 billion and the highest is $1.76 billion. Rockwell Automation posted sales of $1.68 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.4%. The company is expected to issue its next quarterly earnings report on Tuesday, April 27th.

On average, analysts expect that Rockwell Automation will report full year sales of $6.89 billion for the current financial year, with estimates ranging from $6.86 billion to $6.94 billion. For the next financial year, analysts expect that the company will post sales of $7.35 billion, with estimates ranging from $7.26 billion to $7.51 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Rockwell Automation.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Monday, January 25th. The industrial products company reported $2.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.49. Rockwell Automation had a return on equity of 81.39% and a net margin of 16.17%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the firm earned $2.11 EPS. The company’s quarterly revenue was down 7.1% on a year-over-year basis.

Several equities research analysts recently issued reports on the company. Credit Suisse Group lowered their price objective on Rockwell Automation from $254.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, January 27th. Barclays lowered Rockwell Automation from an “overweight” rating to an “equal weight” rating and set a $274.00 price target on the stock. in a research note on Monday, November 30th. They noted that the move was a valuation call. Rosenblatt Securities lowered their target price on shares of Rockwell Automation from $245.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 27th. Robert W. Baird raised shares of Rockwell Automation from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $253.00 to $275.00 in a research note on Wednesday, January 27th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Rockwell Automation in a research report on Thursday, November 12th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $235.81.

In other Rockwell Automation news, VP John M. Miller sold 133 shares of the business’s stock in a transaction on Wednesday, December 9th. The shares were sold at an average price of $249.93, for a total value of $33,240.69. Following the completion of the transaction, the vice president now owns 4,184 shares in the company, valued at $1,045,707.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Blake D. Moret sold 16,900 shares of the business’s stock in a transaction on Thursday, January 21st. The stock was sold at an average price of $268.08, for a total transaction of $4,530,552.00. Following the completion of the transaction, the chief executive officer now owns 65,785 shares of the company’s stock, valued at approximately $17,635,642.80. The disclosure for this sale can be found here. Insiders sold 29,955 shares of company stock valued at $7,818,512 over the last ninety days. Insiders own 0.79% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in Rockwell Automation during the 3rd quarter worth approximately $1,505,000. Magellan Asset Management Ltd acquired a new position in shares of Rockwell Automation during the third quarter worth $27,000. BDO Wealth Advisors LLC boosted its position in shares of Rockwell Automation by 177.8% during the 4th quarter. BDO Wealth Advisors LLC now owns 125 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 80 shares in the last quarter. Nachman Norwood & Parrott Inc acquired a new position in Rockwell Automation in the third quarter valued at approximately $32,000. Finally, Hexavest Inc. boosted its holdings in shares of Rockwell Automation by 45.4% in the 4th quarter. Hexavest Inc. now owns 173 shares of the industrial products company’s stock valued at $43,000 after buying an additional 54 shares in the last quarter. Institutional investors own 76.21% of the company’s stock.

Shares of NYSE ROK traded up $1.46 during trading on Tuesday, hitting $245.41. The company had a trading volume of 584,692 shares, compared to its average volume of 779,555. The company has a quick ratio of 1.16, a current ratio of 1.48 and a debt-to-equity ratio of 1.47. Rockwell Automation has a fifty-two week low of $115.38 and a fifty-two week high of $268.91. The firm has a market capitalization of $28.51 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 3.26 and a beta of 1.37. The stock has a fifty day simple moving average of $253.07 and a two-hundred day simple moving average of $241.64.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Investors of record on Tuesday, February 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Friday, February 12th. This represents a $4.28 annualized dividend and a yield of 1.74%. Rockwell Automation’s dividend payout ratio (DPR) is presently 55.73%.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions. The company operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.

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Earnings History and Estimates for Rockwell Automation (NYSE:ROK)

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