Rockwell Collins, Inc. (COL) Issues FY17 Earnings Guidance
Rockwell Collins, Inc. (NYSE:COL) issued an update on its FY17 earnings guidance on Friday morning. The company provided EPS guidance of $5.95-6.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.04. The company issued revenue guidance of ~$6.8 billion (prior: $6.7-6.8 billion), compared to the consensus revenue estimate of $6.81 billion.
Rockwell Collins, Inc. (NYSE:COL) traded up 3.49% during trading on Friday, reaching $112.82. The company had a trading volume of 469,832 shares. The company’s 50-day moving average is $106.96 and its 200 day moving average is $100.26. Rockwell Collins, Inc. has a 52 week low of $78.54 and a 52 week high of $113.55. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of 20.25 and a beta of 0.79.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.06. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Rockwell Collins had a return on equity of 34.40% and a net margin of 13.83%. The company’s quarterly revenue was up 57.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 EPS. Equities analysts anticipate that Rockwell Collins, Inc. will post $6.05 EPS for the current year.
Rockwell Collins announced that its Board of Directors has approved a stock buyback program on Friday, July 7th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
COL has been the topic of several research analyst reports. Bank of America Corporation decreased their price target on Rockwell Collins from $115.00 to $95.00 and set a neutral rating on the stock in a research note on Friday, June 9th. Deutsche Bank AG boosted their price target on Rockwell Collins from $115.00 to $125.00 and gave the stock a buy rating in a research note on Monday, April 24th. Barclays PLC boosted their price target on Rockwell Collins from $115.00 to $122.00 and gave the stock an overweight rating in a research note on Tuesday, April 25th. Cowen and Company reissued an outperform rating and set a $112.00 price target on shares of Rockwell Collins in a research note on Monday, April 17th. Finally, Zacks Investment Research raised Rockwell Collins from a hold rating to a buy rating and set a $118.00 price target on the stock in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Rockwell Collins presently has an average rating of Buy and an average target price of $111.32.
In other news, VP Jeffrey A. Standerski sold 6,300 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bruce Michael King sold 2,550 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $104.00, for a total transaction of $265,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 26,000 shares of company stock valued at $2,120 and sold 15,100 shares valued at $1,604,622. Insiders own 1.50% of the company’s stock.
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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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