[Zacks] Rockwell Automation Inc (NYSE:ROK)(TREND ANALYSIS) reported adjusted earnings per share of $1.52 in fourth-quarter fiscal 2016 (ended Sep 30, 2016), down 3% from $1.57 earned in the prior-year quarter. However, earnings outpaced the Zacks Consensus Estimate of $1.49 and recorded a positive earnings surprise of 6%.
Including one-time items, the company’s earnings came in at $1.43 per share, down 4.7% from the year-ago quarter figure of $1.50.
For the fiscal 2016, adjusted earnings came in at $5.93 per share down 7% from $$6.40 in fiscal 2015. Including one-time items, the company’s earnings came in at $5.56 per share, compared with $6.09 in fiscal 2015.
Total revenue was $1,538.6 million in the quarter, declining 4.3% year over year but surpassed the Zacks Consensus Estimate of $1,514 million. Organic sales fell 4%, acquisitions contributed 0.4% while unfavorable foreign currency translations had an impact of 0.7%.
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Rockwell Automation Inc (NYSE:ROK) stock is currently trading 1.51% below its 52-week-high, 41.94% above its 52-week-low. The 1-year stock price history is in the range of $87.53 – $126.15. Rockwell Automation Inc (ROK) has a price to earnings ratio of 22.1 versus Industrial Goods sector average of 36.38. ROK stock price has outperformed the S&P 500 by 19.7%. The Industrial Automation & Robots company is currently valued at $16.08 billion, and its share price closed the last trading session at $124.24. The stock has a 50-day moving average of $117.87 and a 200-day moving average of $116.42.
Rockwell Automation Inc (ROK) current short interest stands at 4.39 million shares. It has decreased by 14% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.78 million shares, the number of days required to cover the short positions stand at 5.7 days.
ROK is forecasted to report earnings per share of $1.49 and a revenue of $1.51 billion for the 4th Quarter of the fiscal year 2016. Rockwell Automation Inc (ROK) declared last quarter earnings on November 07. The Industrial Automation & Robots company announced last quarter earnings per share of $1.52 against a consensus Street estimate of $1.49, beating the average estimate by $0.03. The company posted a revenue of $1.54 billion compared to an estimation of $1.51 billion.
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There are currently twenty-one analysts that cover Rockwell Automation Inc stock. Of those twenty-one, three have a Buy rating, fifteen have a Hold rating and three have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $115.11.
A recent analyst activity consisted of Barclays upgrading their Equalweight rating to Overweight on October 24. Barclays set their price target at $141. This corresponds to a 13.49% upside from the last closing price. On the date of report, the stock closed at $119.67.
HSBC initiated their coverage on the stock with Hold rating on October 7, and fixed their price target at $108. This corresponds to a 13.07% downside from the last closing price. On the date of report, the stock closed at $119.7.
Another research firm was Berenberg who initiated their coverage on the stock with Sell rating on October 3. Berenberg fixed their price target at $110. This translates to a 11.46% downside from the last closing price. On the date of report, the stock closed at $120.57.
Rockwell Automation, Inc. is a global provider of industrial automation power, control, and information solutions. The Company’s products include Low voltage and medium voltage electro-mechanical and electronic motor starters, motor and circuit protection devices, AC/DC variable frequency drives, contactors, push buttons, signaling devices, termination and protection devices, and relays.