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Rockwell Automation (ROK) Reaches 52-Week High of $157.30
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Shares of Rockwell Automation Inc. (ROK - Free Report) touched a fresh 52-week high of $157.30 on Mar 15, before retracing to close the day at $156.47.
Rockwell Automation has a market cap of roughly $20 billion and the average volume of shares traded in the last three months is around 1.06 million. The stock has delivered a solid one-year return of around 38.5%. The company beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average positive surprise of 8.16%.
Over the past one year, Rockwell Automation outperformed the Zacks categorized Industrial Automation and Robotics industry. The company’s shares gained around 38.4% during this period, as compared with roughly 32.4% gain recorded by the industry.
Driving Factors
Rockwell Automation’s top and bottom lines registered year-over-year growth in first-quarter fiscal 2017, surpassing the Zacks Consensus Estimate on both counts. Better-than-expected earnings were driven by higher sales, strong margin performance and lower tax rates.
Given the robust performance as well as improving macro outlook, Rockwell Automation raised the fiscal 2017 adjusted EPS guidance range to $5.95–$6.35 per share. It projects sales growth to be in the range of 1–5%.
Further, Rockwell Automation’s new Connected Enterprise (CE) integrated supply chain management system will be a growth driver. The CE-related software, information design, consulting, and analysis services totaled about $200 million in fiscal 2016 and recorded double-digit growth. This momentum is anticipated to continue in fiscal 2017 as well.
Moreover, Rockwell Automation will benefit from its product launches, diversification of sales streams by expansion of product portfolios, solutions and services, global presence and share repurchases.
Rockwell Automation currently carries a Zacks Rank #2 (Buy).
UEPS Technologies has a positive average earnings surprise of 14.10% for the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% over the trailing four quarters. ACCO Brands has delivered an average positive earnings surprise of 24.74% in the past four quarters.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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Rockwell Automation (ROK) Reaches 52-Week High of $157.30
Shares of Rockwell Automation Inc. (ROK - Free Report) touched a fresh 52-week high of $157.30 on Mar 15, before retracing to close the day at $156.47.
Rockwell Automation has a market cap of roughly $20 billion and the average volume of shares traded in the last three months is around 1.06 million. The stock has delivered a solid one-year return of around 38.5%. The company beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average positive surprise of 8.16%.
Rockwell Automation, Inc. Price and Consensus
Rockwell Automation, Inc. Price and Consensus | Rockwell Automation, Inc. Quote
Over the past one year, Rockwell Automation outperformed the Zacks categorized Industrial Automation and Robotics industry. The company’s shares gained around 38.4% during this period, as compared with roughly 32.4% gain recorded by the industry.
Driving Factors
Rockwell Automation’s top and bottom lines registered year-over-year growth in first-quarter fiscal 2017, surpassing the Zacks Consensus Estimate on both counts. Better-than-expected earnings were driven by higher sales, strong margin performance and lower tax rates.
Given the robust performance as well as improving macro outlook, Rockwell Automation raised the fiscal 2017 adjusted EPS guidance range to $5.95–$6.35 per share. It projects sales growth to be in the range of 1–5%.
Further, Rockwell Automation’s new Connected Enterprise (CE) integrated supply chain management system will be a growth driver. The CE-related software, information design, consulting, and analysis services totaled about $200 million in fiscal 2016 and recorded double-digit growth. This momentum is anticipated to continue in fiscal 2017 as well.
Moreover, Rockwell Automation will benefit from its product launches, diversification of sales streams by expansion of product portfolios, solutions and services, global presence and share repurchases.
Rockwell Automation currently carries a Zacks Rank #2 (Buy).
Key Picks
Other favorably placed stocks in the same space include Net 1 UEPS Technologies, Inc. , Casella Waste Systems, Inc. (CWST - Free Report) and ACCO Brands Corporation (ACCO - Free Report) . All the three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
UEPS Technologies has a positive average earnings surprise of 14.10% for the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% over the trailing four quarters. ACCO Brands has delivered an average positive earnings surprise of 24.74% in the past four quarters.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>