Wall Street analysts expect Rockwell Collins, Inc. (NYSE:COL) to post $2.24 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Rockwell Collins’ earnings, with the lowest sales estimate coming in at $2.20 billion and the highest estimate coming in at $2.30 billion. Rockwell Collins reported sales of $1.45 billion in the same quarter last year, which would indicate a positive year over year growth rate of 54.5%. The firm is expected to report 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 year, with estimates ranging from $6.83 billion to $6.93 billion. For the next fiscal year, analysts forecast that the firm 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 calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Rockwell Collins.
Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the business earned $1.63 earnings per share. The company’s revenue was up 57.0% compared to the same quarter last year.
Several equities research analysts recently commented on COL shares. Jefferies Group LLC set a $108.00 target price on Rockwell Collins and gave the stock a “hold” rating in a research note on Monday, May 22nd. Sanford C. Bernstein started coverage on Rockwell Collins in a research note on Thursday, May 25th. They set an “outperform” rating and a $129.00 target price for the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $114.00 target price on shares of Rockwell Collins in a research note on Friday, May 26th. Bank of America Corporation decreased their target price on Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, June 9th. Finally, ValuEngine raised Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $119.62.
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Shares of Rockwell Collins (COL) traded up 0.39% during trading on Monday, reaching $131.05. The company’s stock had a trading volume of 1,573,724 shares. The company’s 50 day moving average price is $119.24 and its 200 day moving average price is $106.05. Rockwell Collins has a 12 month low of $78.54 and a 12 month high of $131.28. The firm has a market cap of $21.29 billion, a PE ratio of 26.01 and a beta of 0.78. Rockwell Collins also was the target of unusually large options trading on Tuesday. Stock traders bought 8,208 put options on the stock. This is an increase of approximately 451% compared to the average daily volume of 1,489 put options.
Rockwell Collins announced that its board has initiated a share buyback program on Friday, July 7th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the aerospace company to purchase up to 1.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Collins’s dividend payout ratio is currently 26.04%.
A number of hedge funds have recently added to or reduced their stakes in COL. NEXT Financial Group Inc boosted its position in shares of Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after buying an additional 250 shares during the period. Jacobi Capital Management LLC boosted its position in shares of Rockwell Collins by 30.0% in the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after buying an additional 231 shares during the period. Highlander Capital Management LLC boosted its position in shares of Rockwell Collins by 106.0% in the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after buying an additional 527 shares during the period. Whittier Trust Co. boosted its position in shares of Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock valued at $108,000 after buying an additional 256 shares during the period. Finally, Global X Management Co. LLC raised its stake in Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after buying an additional 278 shares in the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.
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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