Rockwell Automation (ROK) Scheduled to Post Quarterly Earnings on Thursday

Rockwell Automation (NYSE:ROK) is scheduled to be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect Rockwell Automation to post earnings of $2.40 per share for the quarter. Rockwell Automation has set its FY24 guidance at $9.60 EPS and its FY 2024 guidance at 9.600-9.600 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.08 by $0.63. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $3.01 EPS. On average, analysts expect Rockwell Automation to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Rockwell Automation Trading Down 0.7 %

NYSE:ROK opened at $266.61 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.68 and a current ratio of 1.04. The firm has a market cap of $30.25 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 4.70 and a beta of 1.36. Rockwell Automation has a 52 week low of $242.81 and a 52 week high of $312.76. The firm has a 50-day moving average price of $265.99 and a two-hundred day moving average price of $266.81.

Rockwell Automation announced that its board has approved a stock buyback plan on Thursday, September 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have commented on ROK. JPMorgan Chase & Co. decreased their price objective on shares of Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Oppenheimer raised their price target on shares of Rockwell Automation from $270.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Mizuho raised their price target on shares of Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays decreased their price target on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company raised their price target on shares of Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $286.47.

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.