Analysts Expect Rockwell Collins, Inc. (COL) Will Announce Quarterly Sales of $2.03 Billion
Wall Street analysts expect Rockwell Collins, Inc. (NYSE:COL) to post sales of $2.03 billion for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Rockwell Collins’ earnings. The highest sales estimate is $2.05 billion and the lowest is $2.00 billion. Rockwell Collins reported sales of $1.33 billion in the same quarter last year, which would suggest a positive year over year growth rate of 52.6%. The company is scheduled to report its next earnings results before the market opens on Friday, July 28th.
On average, analysts expect that Rockwell Collins will report full-year sales of $2.03 billion for the current year, with estimates ranging from $6.76 billion to $6.85 billion. For the next financial year, analysts anticipate that the firm will report sales of $8.74 billion per share, with estimates ranging from $8.58 billion to $8.87 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Rockwell Collins.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, April 21st. The aerospace company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.03. Rockwell Collins had a return on equity of 34.40% and a net margin of 13.83%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the company earned $1.30 EPS. Rockwell Collins’s revenue for the quarter was up 2.4% on a year-over-year basis.
A number of research firms have recently weighed in on COL. Bank of America Corporation lowered their target price on Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, June 9th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $135.00 target price on shares of Rockwell Collins in a research note on Friday, July 14th. Barclays PLC reissued an “outperform” rating and issued a $59.00 target price (down previously from $96.00) on shares of Rockwell Collins in a research note on Friday, April 14th. Zacks Investment Research lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Cowen and Company reissued an “outperform” rating and issued a $112.00 target price on shares of Rockwell Collins in a research note on Monday, April 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $111.32.
Shares of Rockwell Collins (NYSE:COL) traded down 0.91% during mid-day trading on Thursday, hitting $109.63. The company had a trading volume of 564,186 shares. Rockwell Collins has a one year low of $78.54 and a one year high of $111.11. The company has a market capitalization of $17.80 billion, a PE ratio of 19.68 and a beta of 0.79. The company’s 50-day moving average is $106.55 and its 200 day moving average is $99.65.
Rockwell Collins announced that its board has authorized a stock repurchase program on Friday, July 7th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to reacquire up to 1.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
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In related news, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $108.44, for a total value of $683,172.00. Following the transaction, the vice president now directly owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Bruce Michael King sold 2,550 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $104.00, for a total value of $265,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 27,000 shares of company stock worth $2,200 and sold 15,100 shares worth $1,604,622. Corporate insiders own 1.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in COL. Toronto Dominion Bank boosted its position in shares of Rockwell Collins by 53.5% in the first quarter. Toronto Dominion Bank now owns 36,902 shares of the aerospace company’s stock worth $3,585,000 after buying an additional 12,858 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Rockwell Collins by 4.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 408,655 shares of the aerospace company’s stock worth $39,705,000 after buying an additional 15,531 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Rockwell Collins by 6.1% in the first quarter. Renaissance Technologies LLC now owns 1,057,600 shares of the aerospace company’s stock worth $102,756,000 after buying an additional 60,900 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Rockwell Collins during the fourth quarter worth approximately $5,998,000. Finally, Bank of Nova Scotia boosted its position in shares of Rockwell Collins by 4,434.1% in the first quarter. Bank of Nova Scotia now owns 130,447 shares of the aerospace company’s stock worth $12,675,000 after buying an additional 127,570 shares in the last quarter. 66.07% of the stock is currently owned by institutional investors.
About Rockwell Collins
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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