Zacks: Analysts Expect Rockwell Collins, Inc. (COL) Will Post Earnings of $1.55 Per Share

Analysts predict that Rockwell Collins, Inc. (NYSE:COL) will announce $1.55 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for Rockwell Collins’ earnings. The highest EPS estimate is $1.69 and the lowest is $1.49. Rockwell Collins reported earnings per share of $1.20 during the same quarter last year, which indicates a positive year-over-year growth rate of 29.2%. The company is scheduled to report its next earnings report before the market opens on Friday, January 26th.

According to Zacks, analysts expect that Rockwell Collins will report full-year earnings of $7.16 per share for the current financial year, with EPS estimates ranging from $6.90 to $7.54. For the next fiscal year, analysts forecast that the firm will report earnings of $8.14 per share, with EPS estimates ranging from $7.75 to $8.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Rockwell Collins.

Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The business’s revenue was up 51.8% on a year-over-year basis.

COL has been the subject of several research reports. Royal Bank of Canada set a $140.00 price objective on shares of Rockwell Collins and gave the company a “hold” rating in a report on Sunday, November 12th. Jefferies Group reaffirmed a “hold” rating and issued a $115.00 price target on shares of Rockwell Collins in a report on Tuesday, October 3rd. Credit Suisse Group downgraded shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a report on Wednesday, November 8th. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Friday, January 12th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $140.00 price target on shares of Rockwell Collins in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $129.01.

Rockwell Collins (NYSE:COL) opened at $137.40 on Friday. Rockwell Collins has a 1-year low of $88.80 and a 1-year high of $138.19. The company has a market cap of $22,415.17, a PE ratio of 28.74, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 1.10.

In other news, VP Tatum J. Buse sold 19,170 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the transaction, the vice president now directly owns 3,722 shares of the company’s stock, valued at $503,809.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert Kelly Ortberg sold 395,110 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $135.35, for a total transaction of $53,478,138.50. The disclosure for this sale can be found here. Insiders sold a total of 571,812 shares of company stock worth $77,350,247 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of COL. Vanguard Group Inc. increased its position in shares of Rockwell Collins by 27.0% during the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after acquiring an additional 3,410,680 shares during the period. Pentwater Capital Management LP purchased a new position in shares of Rockwell Collins during the third quarter worth approximately $420,886,000. Capital International Investors increased its position in shares of Rockwell Collins by 1,335.8% during the third quarter. Capital International Investors now owns 2,110,600 shares of the aerospace company’s stock worth $275,877,000 after acquiring an additional 1,963,600 shares during the period. Alpine Associates Management Inc. increased its position in shares of Rockwell Collins by 1,004.1% during the third quarter. Alpine Associates Management Inc. now owns 1,663,500 shares of the aerospace company’s stock worth $217,436,000 after acquiring an additional 1,847,500 shares during the period. Finally, Epoch Investment Partners Inc. increased its position in shares of Rockwell Collins by 186.0% during the second quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock worth $213,122,000 after acquiring an additional 1,319,020 shares during the period. 72.22% of the stock is currently owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Rockwell Collins (NYSE:COL)

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