Analysts Expect Rockwell Collins, Inc. (COL) Will Post Earnings of $1.78 Per Share
Wall Street brokerages expect that Rockwell Collins, Inc. (NYSE:COL) will report $1.78 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Rockwell Collins’ earnings. The lowest EPS estimate is $1.56 and the highest is $1.92. Rockwell Collins reported earnings of $1.58 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The business is scheduled to report its next earnings results on Monday, October 23rd.
According to Zacks, analysts expect that Rockwell Collins will report full-year earnings of $6.10 per share for the current fiscal year, with EPS estimates ranging from $6.00 to $6.15. For the next financial year, analysts forecast that the company will report earnings of $7.23 per share, with EPS estimates ranging from $6.96 to $7.54. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Rockwell Collins.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the company posted $1.63 EPS. The business’s revenue was up 57.0% on a year-over-year basis.
Several brokerages recently issued reports on COL. Jefferies Group LLC set a $108.00 price objective on shares of Rockwell Collins and gave the company a “hold” rating in a research note on Monday, May 22nd. Vertical Research upped their price objective on shares of Rockwell Collins from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, April 24th. Bank of America Corporation reduced their price objective on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, June 9th. BidaskClub raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Cowen and Company reissued an “outperform” rating and set a $112.00 price objective on shares of Rockwell Collins in a research note on Monday, April 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $113.79.
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Rockwell Collins (NYSE COL) traded up 6.78% on Monday, reaching $127.07. 13,683,627 shares of the company’s stock were exchanged. The company has a market cap of $20.65 billion, a P/E ratio of 25.22 and a beta of 0.78. The firm has a 50 day moving average of $107.44 and a 200-day moving average of $100.84. Rockwell Collins has a 12-month low of $78.54 and a 12-month high of $128.43.
Rockwell Collins announced that its board has initiated a stock repurchase program on Friday, July 7th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Thursday, August 10th. Rockwell Collins’s payout ratio is currently 26.04%.
In other news, VP Jeffrey A. Standerski sold 6,300 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total value of $683,172.00. Following the completion of the sale, the vice president now owns 10,519 shares of the company’s stock, valued at $1,140,680.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David J. Nieuwsma sold 6,250 shares of the stock in a transaction on Tuesday, May 9th. The stock was 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. Insiders bought 18,000 shares of company stock valued at $1,480 in the last three months. Company insiders own 1.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in COL. NEXT Financial Group Inc raised its stake in Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after buying an additional 250 shares during the last quarter. Whittier Trust Co. raised its stake in 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 during the last quarter. Global X Management Co. LLC raised its stake in 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 during the last quarter. Harfst & Associates Inc. purchased a new stake in Rockwell Collins during the first quarter worth $114,000. Finally, CWM LLC raised its stake in 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 during the last quarter. 66.74% of the stock is owned by institutional investors.
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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