Rockwell Collins Inc. (COL) Issues FY14 Earnings Guidance
Rockwell Collins Inc. (NYSE:COL) updated its FY14 earnings guidance on Friday. The company provided earnings per share guidance of $4.30-4.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.85, Analyst Ratings.Net reports. The company issued revenue guidance of $4.5-4.6 billion, compared to the consensus revenue estimate of $4.99 billion.Rockwell Collins also updated its FY13 guidance to ~$4.55-4.60 EPS.
Shares of Rockwell Collins Inc. (NYSE:COL) opened at 74.28 on Friday. Rockwell Collins Inc. has a 52 week low of $52.00 and a 52 week high of $75.25. The stock’s 50-day moving average is $72.68 and its 200-day moving average is $66.47. The company has a market cap of $10.028 billion and a price-to-earnings ratio of 17.04.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, July 19th. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.04. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts predict that Rockwell Collins Inc. will post $4.62 earnings per share for the current fiscal year.
COL has been the subject of a number of recent research reports. Analysts at Barclays Capital downgraded shares of Rockwell Collins (NYSE:COL) from an overweight rating to an equal weight rating in a research note to investors on Monday. They now have a $75.00 price target on the stock. On a related note, analysts at Wells Fargo & Co. downgraded shares of Rockwell Collins (NYSE:COL) from an outperform rating to a market perform rating in a research note to investors on Tuesday, September 3rd. Finally, analysts at Sterne Agee upgraded shares of Rockwell Collins (NYSE:COL) from a neutral rating to a buy rating in a research note to investors on Tuesday, August 13th. They now have a $88.00 price target on the stock, up previously from $73.33.
Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $74.38.
Rockwell Collins, Inc (NYSE:COL) is engaged in design, production and support of communications and aviation electronics for commercial and military customers worldwide.
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