Equities research analysts predict that Rockwell Collins, Inc. (NYSE:COL) will post $2.24 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for Rockwell Collins’ earnings, with estimates ranging from $2.20 billion to $2.30 billion. Rockwell Collins posted sales of $1.45 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 54.5%. The business is expected to issue its next earnings results on Monday, October 23rd.
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 fiscal year, analysts expect that the business will post 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 a mean average based on a survey of analysts that cover Rockwell Collins.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the company earned $1.63 EPS. The business’s revenue was up 57.0% compared to the same quarter last year.
A number of equities analysts recently commented on COL shares. Credit Suisse Group reissued a “buy” rating and issued a $120.00 price objective on shares of Rockwell Collins in a research note on Wednesday, July 19th. BidaskClub downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Canaccord Genuity raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $108.00 to $125.00 in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $114.00 price objective on shares of Rockwell Collins in a research note on Friday, May 26th. Finally, Jefferies Group LLC set a $108.00 price objective on shares of Rockwell Collins and gave the stock a “hold” rating in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $113.79.
Shares of Rockwell Collins (NYSE:COL) traded down 0.93% on Wednesday, hitting $124.58. The stock had a trading volume of 2,253,717 shares. The company has a 50-day moving average of $111.19 and a 200-day moving average of $102.45. The company has a market cap of $20.24 billion, a P/E ratio of 24.72 and a beta of 0.78. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $128.43.
Rockwell Collins announced that its board has initiated a stock repurchase program on Friday, July 7th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the aerospace company to purchase up to 1.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Collins’s payout ratio is currently 26.04%.
In other news, VP Jeffrey A. Standerski sold 6,300 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the sale, the vice president now directly owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have bought 18,000 shares of company stock worth $1,480. Corporate insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Rockwell Collins by 27.0% in the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after buying an additional 3,410,680 shares during the period. BlackRock Inc. increased its position in Rockwell Collins by 27.9% in the second quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock valued at $1,189,034,000 after buying an additional 2,466,370 shares during the period. State Street Corp increased its position in Rockwell Collins by 1.6% in the first quarter. State Street Corp now owns 5,858,531 shares of the aerospace company’s stock valued at $569,219,000 after buying an additional 90,699 shares during the period. FMR LLC increased its position in Rockwell Collins by 25.4% in the second quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock valued at $445,354,000 after buying an additional 857,884 shares during the period. Finally, Clearbridge Investments LLC increased its position in Rockwell Collins by 10.5% in the first quarter. Clearbridge Investments LLC now owns 3,362,286 shares of the aerospace company’s stock valued at $326,680,000 after buying an additional 319,567 shares during the period. Hedge funds and other institutional investors own 66.74% of the company’s stock.
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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