Rockwell Automation (ROK) Set to Announce Earnings on Tuesday
Rockwell Automation (NYSE:ROK) will be posting its Q214 quarterly earnings results on Tuesday, April 29th. Analysts expect Rockwell Automation to post earnings of $1.44 per share and revenue of $1.61 billion for the quarter. Rockwell Automation has set its FY14 guidance at $6.00-6.35 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.39 by $0.08. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts expect Rockwell Automation to post $6.27 EPS for the current fiscal year and $6.96 EPS for the next fiscal year.
Shares of Rockwell Automation (NYSE:ROK) opened at 125.10 on Monday. Rockwell Automation has a 1-year low of $80.60 and a 1-year high of $128.46. The stock’s 50-day moving average is $123.7 and its 200-day moving average is $116.4. The company has a market cap of $17.362 billion and a P/E ratio of 22.67.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, May 8th.
ROK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Automation in a research note on Friday, April 11th. They now have a $128.00 price target on the stock. On the ratings front, analysts at Morgan Stanley cut their price target on shares of Rockwell Automation from $114.00 to $113.00 in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $114.64.
In other Rockwell Automation news, VP Susan Schmitt sold 5,217 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $128.04, for a total value of $667,984.68. Following the sale, the vice president now directly owns 13,112 shares of the company’s stock, valued at approximately $1,678,860. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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