Rockwell Collins, Inc. (COL) Expected to Post Quarterly Sales of $2.03 Billion
Analysts predict that Rockwell Collins, Inc. (NYSE:COL) will report $2.03 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Rockwell Collins’ earnings, with the lowest sales estimate coming in at $1.97 billion and the highest estimate coming in at $2.06 billion. Rockwell Collins reported sales of $1.33 billion during the same quarter last year, which indicates a positive year over year growth rate of 52.6%. The firm is expected to announce its next earnings results on Monday, July 24th.
On average, analysts expect that Rockwell Collins will report full year sales of $2.03 billion for the current fiscal year, with estimates ranging from $6.75 billion to $6.85 billion. For the next year, analysts anticipate that the business will report sales of $8.74 billion per share, with estimates ranging from $8.58 billion to $8.87 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Rockwell Collins.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, April 21st. The aerospace company reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.03. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Rockwell Collins had a net margin of 13.83% and a return on equity of 34.40%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS.
Several research analysts have issued reports on the stock. Vertical Research lifted their target price on shares of Rockwell Collins from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, April 24th. Jefferies Group LLC set a $108.00 target price on shares of Rockwell Collins and gave the stock a “hold” rating in a report on Monday, May 22nd. Bank of America Corporation decreased their target price on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, June 9th. Cowen and Company reaffirmed an “outperform” rating and issued a $112.00 target price on shares of Rockwell Collins in a report on Monday, April 17th. Finally, Barclays PLC reaffirmed an “outperform” rating and issued a $59.00 target price (down from $96.00) on shares of Rockwell Collins in a report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $110.24.
Shares of Rockwell Collins (NYSE COL) opened at 104.94 on Friday. The firm has a 50-day moving average of $105.13 and a 200 day moving average of $97.83. The stock has a market cap of $17.04 billion, a price-to-earnings ratio of 18.83 and a beta of 0.74. Rockwell Collins has a 1-year low of $78.54 and a 1-year high of $109.30.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Monday, May 15th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, May 11th. This represents a $1.32 annualized dividend and a dividend yield of 1.26%. Rockwell Collins’s payout ratio is 23.66%.
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In other news, VP Bruce Michael King sold 2,550 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $104.00, for a total transaction of $265,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David J. Nieuwsma sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $105.00, for a total transaction of $656,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have bought 33,000 shares of company stock valued at $2,780 and have sold 17,835 shares valued at $1,878,122. 1.50% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in COL. Whittier Trust Co. boosted its stake in shares of Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock worth $108,000 after buying an additional 256 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after buying an additional 278 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in shares of Rockwell Collins during the first quarter worth approximately $114,000. CWM LLC boosted its stake in shares of Rockwell Collins by 71.5% in the first quarter. CWM LLC now owns 1,211 shares of the aerospace company’s stock worth $118,000 after buying an additional 505 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Rockwell Collins by 5.7% in the first quarter. Assetmark Inc. now owns 1,334 shares of the aerospace company’s stock worth $130,000 after buying an additional 72 shares in the last quarter. 66.36% of the stock is owned by institutional investors and hedge funds.
Rockwell Collins Company Profile
Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services.
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