Rockwell Automation to Post Q1 2020 Earnings of $2.10 Per Share, William Blair Forecasts (NYSE:ROK)

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Rockwell Automation (NYSE:ROK) – William Blair issued their Q1 2020 earnings per share (EPS) estimates for shares of Rockwell Automation in a research report issued on Friday, October 11th. William Blair analyst N. Heymann anticipates that the industrial products company will post earnings per share of $2.10 for the quarter. William Blair also issued estimates for Rockwell Automation’s Q2 2020 earnings at $2.00 EPS, Q3 2020 earnings at $2.40 EPS and Q4 2020 earnings at $2.10 EPS.

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

ROK has been the subject of several other research reports. Morgan Stanley dropped their price target on shares of Rockwell Automation from $145.00 to $142.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. Longbow Research reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Tuesday, September 17th. JPMorgan Chase & Co. raised their price objective on shares of Rockwell Automation from $145.00 to $146.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Zacks Investment Research raised shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $165.00 price objective for the company in a report on Thursday, October 3rd. Finally, Gordon Haskett lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Rockwell Automation has an average rating of “Hold” and an average price target of $170.50.

NYSE:ROK opened at $167.37 on Monday. Rockwell Automation has a 12-month low of $141.46 and a 12-month high of $191.48. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $19.20 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 2.26 and a beta of 1.41. The firm has a 50-day moving average price of $159.62 and a 200 day moving average price of $163.30.

Institutional investors have recently modified their holdings of the stock. Coastal Capital Group Inc. acquired a new stake in shares of Rockwell Automation in the second quarter valued at approximately $25,000. Griffin Asset Management Inc. acquired a new stake in shares of Rockwell Automation in the second quarter valued at approximately $26,000. Thor Advisors LLC acquired a new stake in shares of Rockwell Automation in the first quarter valued at approximately $29,000. Capital Advisors Ltd. LLC increased its holdings in shares of Rockwell Automation by 426.5% in the second quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 145 shares in the last quarter. Finally, River & Mercantile Asset Management LLP acquired a new stake in shares of Rockwell Automation in the second quarter valued at approximately $31,000. 73.08% of the stock is owned by institutional investors and hedge funds.

In other news, VP John M. Miller sold 3,250 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $163.67, for a total transaction of $531,927.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.43% of the company’s stock.

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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