Rockwell Automation (ROK) Set to Announce Earnings on Wednesday

Rockwell Automation (NYSE:ROK) will release its earnings data before the market opens on Wednesday, August 7th. Analysts expect Rockwell Automation to post earnings of $2.11 per share for the quarter. Rockwell Automation has set its FY 2024 guidance at 10.000-11.000 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.01 earnings per share. On average, analysts expect Rockwell Automation to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Rockwell Automation Stock Up 1.2 %

Shares of Rockwell Automation stock opened at $275.43 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11. The stock has a market capitalization of $31.40 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 4.85 and a beta of 1.37. Rockwell Automation has a 52-week low of $249.00 and a 52-week high of $339.65. The company has a 50-day simple moving average of $265.87 and a two-hundred day simple moving average of $276.21.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.82%. Rockwell Automation’s dividend payout ratio is presently 48.88%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Redburn Atlantic assumed coverage on shares of Rockwell Automation in a research note on Monday, July 8th. They issued a “neutral” rating and a $256.00 price target for the company. Citigroup reduced their price target on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Mizuho reduced their price target on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Robert W. Baird reduced their price target on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Finally, Loop Capital reduced their price target on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and a consensus target price of $300.71.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Rockwell Automation news, VP John M. Miller sold 467 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Cyril Perducat sold 659 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total transaction of $171,412.49. Following the completion of the transaction, the senior vice president now owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,199 shares of company stock worth $572,750. 0.68% of the stock is owned by company insiders.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.