Rockwell Collins, Inc. (COL) Expected to Post Quarterly Sales of $2.00 Billion

Wall Street brokerages forecast that Rockwell Collins, Inc. (NYSE:COL) will announce sales of $2.00 billion for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Rockwell Collins’ earnings. The highest sales estimate is $2.01 billion and the lowest is $1.97 billion. Rockwell Collins reported sales of $1.19 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 68.1%. The business is expected to issue its next quarterly earnings report before the market opens on Friday, January 26th.

On average, analysts expect that Rockwell Collins will report full year sales of $2.00 billion for the current fiscal year, with estimates ranging from $8.61 billion to $8.88 billion. For the next year, analysts expect that the company will report sales of $9.16 billion per share, with estimates ranging from $8.99 billion to $9.32 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Rockwell Collins.

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

A number of analysts have recently weighed in on the company. Wells Fargo & Co downgraded Rockwell Collins from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. Zacks Investment Research upgraded Rockwell Collins from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. ValuEngine downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. SunTrust Banks restated a “hold” rating on shares of Rockwell Collins in a research report on Monday, October 2nd. Finally, Canaccord Genuity restated a “hold” rating and set a $140.00 price objective on shares of Rockwell Collins in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $130.56.

Shares of Rockwell Collins (NYSE COL) opened at $137.67 on Friday. The firm has a market capitalization of $22,549.52, a price-to-earnings ratio of 28.80, a PEG ratio of 1.82 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. Rockwell Collins has a 1 year low of $89.44 and a 1 year high of $138.19.

In other Rockwell Collins news, VP Robert A. Sturgell sold 1,734 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $132.10, for a total value of $229,061.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Douglas E. Stenske sold 3,287 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $135.00, for a total value of $443,745.00. Following the completion of the transaction, the vice president now directly owns 8,776 shares of the company’s stock, valued at approximately $1,184,760. The disclosure for this sale can be found here. In the last ninety days, insiders sold 571,812 shares of company stock valued at $77,350,247. Insiders own 1.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Simmons Bank increased its holdings in Rockwell Collins by 0.6% in the 2nd quarter. Simmons Bank now owns 7,593 shares of the aerospace company’s stock worth $799,000 after purchasing an additional 43 shares in the last quarter. Sentry Investment Management LLC increased its stake in shares of Rockwell Collins by 1.1% in the second quarter. Sentry Investment Management LLC now owns 9,707 shares of the aerospace company’s stock valued at $1,020,000 after buying an additional 104 shares during the period. First Allied Advisory Services Inc. increased its stake in shares of Rockwell Collins by 6.0% in the second quarter. First Allied Advisory Services Inc. now owns 4,201 shares of the aerospace company’s stock valued at $443,000 after buying an additional 236 shares during the period. Fulton Bank N.A. increased its stake in shares of Rockwell Collins by 13.8% in the third quarter. Fulton Bank N.A. now owns 3,153 shares of the aerospace company’s stock valued at $413,000 after buying an additional 383 shares during the period. Finally, FTB Advisors Inc. increased its stake in shares of Rockwell Collins by 36.8% in the second quarter. FTB Advisors Inc. now owns 1,458 shares of the aerospace company’s stock valued at $175,000 after buying an additional 392 shares during the period. 72.22% of the stock is owned by institutional investors and hedge funds.

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About Rockwell Collins

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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