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Stock to Follow: Rockwell Automation (NYSE:ROK)
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[ZACKS] Rockwell Automation (NYSE:ROK) reported adjusted earnings of $1.64 per share in first-quarter fiscal 2015, up 12% from $1.47 earned in the prior-year quarter. Results beat the Zacks Consensus Estimate of $1.49, a positive earnings surprise of 10%.
The company’s reported earnings came in at $1.56 per share, rising 11% from $1.41 in the year-ago quarter.……. Read the full article here.
Analysis
Rockwell Automation (NYSE:ROK) [Trend Analysis] last released quarterly earnings on January 28th for the period ending December 31st 2014. The company reported actual earnings per share of $1.64 against Zack’s Research estimate of $1.49. This represents a 10.07% (0.15) surprise upside to the expected number.
The average broker recommendation according to Zacks is 2.22 based on 15 recommendations. On a consensus basis, analysts have a short term target price of $121.67 and expect a long term growth rate of 9.90%. Out of 265 companies within the Indl Auto industry, the company sits at 7. Zacks gives a current quarter EPS estimate of 1.45 and a Sell rating of 4 which is based on short term performance over the next one to three months. Of the companies included in the Zack’s consensus rating, 7 rate the stock a Strong Buy, 1 rate it a buy and 5 see it as a Hold.
About Rockwell Automation
Rockwell Automation (NYSE:ROK) provides industrial automation power, control, and information solutions. The company operates through 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. This segment also offers software products that include configuration and visualization software used to operate and supervise control platforms, process control software, and manufacturing execution software to enhance manufacturing productivity and meet regulatory requirements; and other products comprising rotary and linear motion control products, and sensors and machine safety components.