Rockwell Collins Inc. (COL) Releases FY13 Earnings Guidance
Rockwell Collins Inc. (NYSE:COL) updated its FY13 earnings guidance on Friday. The company provided EPS guidance of ~$4.55-4.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.62, StockRatingsNetwork reports. The company issued revenue guidance of ~$4.65 billion, compared to the consensus revenue estimate of $4.64 billion.Rockwell Collins also updated its FY14 guidance to $4.30-4.50 EPS.
A number of analysts have recently weighed in on COL shares. 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $74.38.
Rockwell Collins (NYSE:COL) last released its earnings data on Friday, July 19th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the 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.
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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