Rockwell Collins, Inc. (NYSE:COL) Updates FY17 Earnings Guidance

Rockwell Collins, Inc. (NYSE:COL) issued an update on its FY17 earnings guidance on Friday morning. The company provided earnings per share guidance of $5.95-6.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.04. The company issued revenue guidance of ~$6.8 billion (prior: $6.7-6.8 billion), compared to the consensus revenue estimate of $6.81 billion.

Shares of Rockwell Collins, Inc. (NYSE COL) traded up 0.50% during trading on Wednesday, hitting $125.45. The company’s stock had a trading volume of 1,325,041 shares. The firm’s 50 day moving average is $112.39 and its 200-day moving average is $103.12. Rockwell Collins, Inc. has a 1-year low of $78.54 and a 1-year high of $128.43. The company has a market capitalization of $20.38 billion, a P/E ratio of 24.90 and a beta of 0.78.

Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.06. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The firm’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 EPS. Analysts forecast that Rockwell Collins, Inc. will post $6.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, August 10th. This represents a $1.32 annualized dividend and a yield of 1.05%. Rockwell Collins’s payout ratio is 26.04%.

Rockwell Collins announced that its Board of Directors has authorized a stock 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 reacquire up to 1.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several analysts recently weighed in on COL shares. Cowen and Company increased their target price on Rockwell Collins from $112.00 to $115.00 and gave the company a buy rating in a research note on Monday, April 24th. Deutsche Bank AG increased their target price on Rockwell Collins from $115.00 to $125.00 and gave the company a buy rating in a research note on Monday, April 24th. Zacks Investment Research upgraded Rockwell Collins from a hold rating to a buy rating and set a $118.00 target price for the company in a research note on Wednesday, April 26th. ValuEngine upgraded Rockwell Collins from a hold rating to a buy rating in a research report on Thursday, July 6th. Finally, BidaskClub upgraded Rockwell Collins from a hold rating to a buy rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $115.10.

In related news, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 18,000 shares of company stock valued at $1,480 over the last ninety days. Insiders own 1.50% of the company’s stock.

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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.