$2.24 Billion in Sales Expected for Rockwell Collins, Inc. (COL) This Quarter
Wall Street brokerages predict that Rockwell Collins, Inc. (NYSE:COL) will announce $2.24 billion in sales for the current quarter, Zacks reports. Six analysts have provided 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 during the same quarter last year, which indicates a positive year over year growth rate of 54.5%. The company is expected to issue its next quarterly earnings results before the market opens on Friday, October 27th.
On average, analysts expect that Rockwell Collins will report full-year sales of $2.24 billion for the current financial year, with estimates ranging from $6.83 billion to $6.93 billion. For the next financial year, analysts expect that the business 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 averages are an average based on a survey of research firms that cover Rockwell Collins.
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 analysts’ consensus estimates of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm posted $1.63 earnings per share. The firm’s revenue was up 57.0% on a year-over-year basis.
A number of research analysts have recently commented on the stock. Jefferies Group LLC restated a “hold” rating and issued a $115.00 price target on shares of Rockwell Collins in a report on Tuesday. ValuEngine lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Monday. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and lifted their price objective for the company from $125.00 to $140.00 in a report on Tuesday, September 5th. Drexel Hamilton cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Seaport Global Securities cut shares of Rockwell Collins from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $123.46.
Rockwell Collins (NYSE:COL) traded up 0.57% during mid-day trading on Wednesday, reaching $132.97. 685,828 shares of the company traded hands. The company’s 50 day moving average price is $129.30 and its 200 day moving average price is $111.75. Rockwell Collins has a 12-month low of $78.54 and a 12-month high of $135.31. The firm has a market capitalization of $21.60 billion, a P/E ratio of 26.39 and a beta of 0.73.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 14th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.32 annualized dividend and a dividend yield of 1.00%. Rockwell Collins’s dividend payout ratio (DPR) is presently 26.04%.
Rockwell Collins announced that its Board of Directors has authorized a stock buyback plan on Friday, July 7th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the aerospace company to repurchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Harlan Donnley Meade purchased 1,666,667 shares of the business’s stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of $0.06 per share, with a total value of $100,000.02. 1.50% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Artemis Investment Management LLP purchased a new position in Rockwell Collins during the 2nd quarter worth $7,472,000. Rosenblum Silverman Sutton S F Inc. CA acquired a new position in Rockwell Collins during the 2nd quarter valued at about $4,120,000. Capital Analysts LLC acquired a new position in Rockwell Collins during the 2nd quarter valued at about $2,183,000. Schwab Charles Investment Management Inc. increased its position in Rockwell Collins by 4.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 408,655 shares of the aerospace company’s stock valued at $39,705,000 after buying an additional 15,531 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Rockwell Collins by 6.1% during the 1st quarter. Renaissance Technologies LLC now owns 1,057,600 shares of the aerospace company’s stock valued at $102,756,000 after buying an additional 60,900 shares in the last quarter. 72.31% of the stock is owned by hedge funds and other 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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