Rockwell Automation (ROK) Releases Quarterly Earnings, Beats Estimates By $0.08 EPS
Rockwell Automation (NYSE:ROK) posted its quarterly earnings results on Wednesday. The company reported $1.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.08, Stock Ratings Network reports. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.50 billion.
ROK has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Rockwell Automation from $114.00 to $131.00 in a research note to investors on Thursday, January 16th. They now have an “overweight” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. downgraded shares of Rockwell Automation from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday, January 16th. Finally, analysts at BB&T Corp. initiated coverage on shares of Rockwell Automation in a research note to investors on Wednesday, December 18th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $105.00.
Shares of Rockwell Automation (NYSE:ROK) opened at 115.01 on Wednesday. Rockwell Automation has a 1-year low of $80.60 and a 1-year high of $121.01. The stock has a 50-day moving average of $115.7 and a 200-day moving average of $107.1. The company has a market cap of $15.947 billion and a P/E ratio of 21.07.
Rockwell Automation, Inc (NYSE:ROK) is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses.
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