Rockwell Collins, Inc. (COL) Expected to Post Quarterly Sales of $2.15 Billion

Analysts expect Rockwell Collins, Inc. (NYSE:COL) to report $2.15 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Rockwell Collins’ earnings, with the lowest sales estimate coming in at $2.11 billion and the highest estimate coming in at $2.18 billion. Rockwell Collins posted sales of $1.34 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 60.4%. The business is scheduled to announce its next earnings report on Friday, April 20th.

On average, analysts expect that Rockwell Collins will report full-year sales of $2.15 billion for the current year, with estimates ranging from $8.61 billion to $8.88 billion. For the next fiscal year, analysts anticipate that the company will post sales of $9.16 billion per share, with estimates ranging from $8.97 billion to $9.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Rockwell Collins.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.06. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the business posted $1.20 EPS. The company’s quarterly revenue was up 68.6% on a year-over-year basis.

A number of equities analysts have recently commented on the stock. ValuEngine upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Canaccord Genuity reduced their price objective on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a research note on Tuesday, January 30th. Cowen restated a “hold” rating and set a $135.00 price objective on shares of Rockwell Collins in a research note on Friday, January 26th. Finally, Wells Fargo & Co downgraded shares of Rockwell Collins from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Rockwell Collins presently has a consensus rating of “Hold” and a consensus target price of $134.01.

Rockwell Collins (NYSE:COL) opened at $135.02 on Wednesday. Rockwell Collins has a one year low of $89.83 and a one year high of $139.63. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.56. The company has a market cap of $22,009.33, a PE ratio of 25.14, a PEG ratio of 1.77 and a beta of 0.72.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.32 annualized dividend and a yield of 0.98%. Rockwell Collins’s dividend payout ratio (DPR) is currently 24.58%.

In related news, VP David J. Nieuwsma sold 3,900 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $133.00, for a total value of $518,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David J. Nieuwsma sold 2,167 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $133.91, for a total transaction of $290,182.97. The disclosure for this sale can be found here. Insiders sold a total of 44,132 shares of company stock valued at $5,929,702 over the last quarter. 1.10% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of COL. State Street Corp raised its holdings in Rockwell Collins by 21.9% in the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock valued at $750,304,000 after acquiring an additional 1,281,647 shares during the period. Pentwater Capital Management LP bought a new position in Rockwell Collins in the 3rd quarter valued at about $420,886,000. Capital International Investors raised its holdings in Rockwell Collins by 1,335.8% in the 3rd quarter. Capital International Investors now owns 2,110,600 shares of the aerospace company’s stock valued at $275,877,000 after acquiring an additional 1,963,600 shares during the period. Alpine Associates Management Inc. raised its holdings in Rockwell Collins by 1,004.1% in the 3rd quarter. Alpine Associates Management Inc. now owns 1,663,500 shares of the aerospace company’s stock valued at $217,436,000 after acquiring an additional 1,847,500 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Rockwell Collins by 284.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 924,749 shares of the aerospace company’s stock valued at $120,322,000 after acquiring an additional 684,011 shares during the period. Institutional investors and hedge funds own 71.74% of the company’s stock.

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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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