$2.24 Billion in Sales Expected for Rockwell Collins, Inc. (COL) This Quarter
Wall Street analysts expect Rockwell Collins, Inc. (NYSE:COL) to announce sales of $2.24 billion for the current quarter, according to Zacks. Six analysts have made estimates for Rockwell Collins’ earnings. The highest sales estimate is $2.30 billion and the lowest is $2.20 billion. Rockwell Collins reported sales of $1.45 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 54.5%. The business is expected to announce its next quarterly earnings report on Monday, October 23rd.
On average, analysts expect that Rockwell Collins will report full-year sales of $2.24 billion for the current fiscal year, with estimates ranging from $6.83 billion to $6.93 billion. For the next fiscal year, analysts forecast that the company will report sales of $8.77 billion per share, with estimates ranging from $8.61 billion to $8.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts 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 EPS for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.06. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The business’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.63 EPS.
A number of equities research analysts have recently commented on COL shares. Credit Suisse Group reissued a “buy” rating and issued a $120.00 target price on shares of Rockwell Collins in a research note on Wednesday, July 19th. Citigroup Inc. upped their price target on Rockwell Collins from $93.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $115.00 price target on shares of Rockwell Collins in a report on Sunday, September 3rd. Buckingham Research reaffirmed a “neutral” rating on shares of Rockwell Collins in a report on Tuesday, September 5th. Finally, Drexel Hamilton downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $122.34.
A number of institutional investors and hedge funds have recently modified their holdings of COL. BlackRock Inc. increased its position in Rockwell Collins by 3,360.5% in the first quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock worth $859,783,000 after buying an additional 8,593,416 shares in the last quarter. Vanguard Group Inc. increased its position in Rockwell Collins by 27.0% in the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after buying an additional 3,410,680 shares in the last quarter. Epoch Investment Partners Inc. increased its position in Rockwell Collins by 186.0% in the second quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock worth $213,122,000 after buying an additional 1,319,020 shares in the last quarter. Franklin Resources Inc. increased its position in Rockwell Collins by 76.0% in the second quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock worth $315,130,000 after buying an additional 1,295,052 shares in the last quarter. Finally, State Street Corp increased its position in Rockwell Collins by 21.9% in the second quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after buying an additional 1,281,647 shares in the last quarter. Institutional investors and hedge funds own 77.86% of the company’s stock.
Shares of Rockwell Collins (NYSE:COL) opened at 131.35 on Friday. The company has a market capitalization of $21.34 billion, a PE ratio of 26.07 and a beta of 0.75. Rockwell Collins has a 1-year low of $78.54 and a 1-year high of $135.31. The stock’s 50 day moving average price is $124.96 and its 200-day moving average price is $108.47.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, August 10th. Rockwell Collins’s payout ratio is 26.04%.
Rockwell Collins announced that its Board of Directors has approved a share repurchase program on Friday, July 7th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the aerospace company to buy up to 1.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
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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