Industrial automation manufacturer Rockwell Automation (
ROK ) reported on Monday fourth quarter earnings
that beat Wall Street analysts estimates. The firm also reported
its 2013 earnings guidance.
The Milwaukee, Wisconsin based company reported fourth quarter
net income of $195.2 million, or $1.38 per share, compared to
$201.8 million, or $1.39 per share, a year earlier. The $1.38 EPS
was 6 cents better than the analyst estimate of $1.32 EPS.
The firms revenue for the quarter was $1.66 billion, up 1% from
$1.65 billion a year earlier. Analysts estimated that revenue would
come in at $1.62 billion.
Looking forward, Rockwell Automation forecasts fiscal year 2013
EPS of $5.35 to $5.75, compared to the Wall Street consensus of
$5.46. The firm sees fiscal year 2013 revenue to be about $6.35 to
$6.65 billion, versus analyst consensus of $6.47 billion.
Rockwell Automation shares were up $1.74, or +2.30%, in
premarket trading on Monday.
The Bottom Line
Shares of Rockwell Automation ( ROK ) have a
2.49% dividend yield, based on Friday's closing stock price of
$75.51. The stock has technical support in the $69-$70 price area.
If the shares can firm up, we see overhead resistance around the
$80 price level.
Rockwell Automation ( ROK ) is not
recommended at this time, holding a Dividend.com DARS™ Rating of
3.2 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well
as a detailed explanation of our ratings system here .