Rockwell Automation (NYSE:ROK) Issues FY20 Earnings Guidance

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Rockwell Automation (NYSE:ROK) updated its FY20 earnings guidance on Tuesday. The company provided EPS guidance of $8.70-9.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.59. The company issued revenue guidance of +2-5% yr/yr to ~$6.83-7.03 billion, compared to the consensus revenue estimate of $6.62 billion.

A number of equities research analysts have commented on the company. Gabelli cut Rockwell Automation from a buy rating to a hold rating in a research note on Wednesday. Zacks Investment Research upgraded Rockwell Automation from a sell rating to a hold rating and set a $209.00 price target for the company in a research note on Thursday. Gordon Haskett cut Rockwell Automation from a buy rating to a hold rating in a research note on Wednesday, September 11th. Wells Fargo & Co cut Rockwell Automation from an outperform rating to a market perform rating and decreased their price target for the company from $185.00 to $165.00 in a research note on Monday, September 30th. Finally, Barclays reiterated a hold rating and issued a $159.00 price target on shares of Rockwell Automation in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Rockwell Automation currently has a consensus rating of Hold and an average target price of $181.87.

Rockwell Automation stock opened at $198.75 on Friday. The stock has a 50-day moving average of $170.51 and a two-hundred day moving average of $162.30. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.17 and a current ratio of 2.83. Rockwell Automation has a one year low of $141.46 and a one year high of $207.11. The stock has a market cap of $23.17 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 2.79 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, November 12th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.09. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the business posted $2.11 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that Rockwell Automation will post 8.99 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.05%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, November 8th. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.06%.

In related news, CEO Blake D. Moret sold 1,700 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $179.07, for a total transaction of $304,419.00. Following the sale, the chief executive officer now directly owns 41,395 shares of the company’s stock, valued at $7,412,602.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Blake D. Moret sold 7,300 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $179.67, for a total value of $1,311,591.00. Following the sale, the chief executive officer now directly owns 46,995 shares in the company, valued at $8,443,591.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,500 shares of company stock valued at $3,709,407. 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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