$2.24 Billion in Sales Expected for Rockwell Collins, Inc. (COL) This Quarter
Wall Street brokerages 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 posted sales of $1.45 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 54.5%. The firm is expected to issue its next earnings report before the market opens on Friday, October 27th.
According to Zacks, 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 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’ sales calculations are a mean average based on a survey of analysts that cover Rockwell Collins.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The company’s quarterly revenue was up 57.0% on a year-over-year basis.
A number of equities research analysts have recently commented on COL shares. Credit Suisse Group reiterated a “buy” rating and set a $120.00 target price on shares of Rockwell Collins in a research note on Wednesday, July 19th. Citigroup Inc. lifted their target price on Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Jefferies Group LLC reiterated a “hold” rating and set a $115.00 target price on shares of Rockwell Collins in a research note on Sunday, September 3rd. Buckingham Research reiterated a “neutral” rating on shares of Rockwell Collins in a research note on Tuesday, September 5th. Finally, Drexel Hamilton cut Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $127.79.
Rockwell Collins (NYSE:COL) traded up 0.019% during trading on Monday, hitting $135.025. 232,619 shares of the company’s stock traded hands. The company’s 50 day moving average price is $132.01 and its 200 day moving average price is $114.92. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $135.31. The company has a market cap of $21.94 billion, a PE ratio of 26.796 and a beta of 0.73.
Rockwell Collins declared that its Board of Directors has approved a share repurchase plan on Friday, July 7th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the aerospace company to buy up to 1.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
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In other Rockwell Collins news, Director Harlan Donnley Meade bought 1,666,667 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average price of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of COL. NEXT Financial Group Inc grew 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 purchasing an additional 250 shares during the period. Jacobi Capital Management LLC grew its stake in shares of Rockwell Collins by 30.0% in the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 231 shares during the last quarter. Highlander Capital Management LLC grew its stake in shares of Rockwell Collins by 106.0% in the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 527 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of 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 acquiring an additional 278 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in shares of Rockwell Collins by 3.2% in the second quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 35 shares during the last quarter. 77.75% of the stock is currently 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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