Rockwell Collins, Inc. (COL) Expected to Post Earnings of $1.57 Per Share
Wall Street analysts expect Rockwell Collins, Inc. (NYSE:COL) to post $1.57 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Rockwell Collins’ earnings. The highest EPS estimate is $1.69 and the lowest is $1.49. Rockwell Collins posted earnings of $1.20 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 30.8%. The firm is scheduled to issue its next earnings report on Friday, January 19th.
According to Zacks, analysts expect that Rockwell Collins will report full year earnings of $7.18 per share for the current fiscal year, with EPS estimates ranging from $6.90 to $7.54. For the next financial year, analysts expect that the firm will post earnings of $8.06 per share, with EPS estimates ranging from $7.73 to $8.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Rockwell Collins.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, October 27th. The company reported GBX 1.80 ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of GBX 1.80 ($0.02). Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The business had revenue of GBX 219.30 billion during the quarter, compared to the consensus estimate of GBX 222.97 billion. During the same quarter last year, the firm posted $1.58 EPS. The company’s quarterly revenue was up 51.8% on a year-over-year basis.
COL has been the subject of several research reports. Canaccord Genuity raised Rockwell Collins from a “hold” rating to a “buy” rating and raised their price target for the company from $108.00 to $125.00 in a report on Tuesday, August 1st. Credit Suisse Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Rockwell Collins in a report on Wednesday, July 19th. Morgan Stanley set a $135.00 price target on Rockwell Collins and gave the company a “buy” rating in a report on Thursday, August 17th. Vertical Research raised Rockwell Collins from a “hold” rating to a “buy” rating and lifted their target price for the stock from $130.00 to $143.00 in a report on Tuesday, August 22nd. Finally, ValuEngine raised Rockwell Collins from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Rockwell Collins presently has a consensus rating of “Hold” and a consensus price target of GBX 128.85 ($1.69).
Shares of Rockwell Collins (NYSE:COL) traded up GBX 0.42 ($0.01) during trading on Thursday, reaching GBX 133.58 ($1.76). The company’s stock had a trading volume of 715,007 shares, compared to its average volume of 1,129,664. Rockwell Collins has a fifty-two week low of GBX 85.11 ($1.12) and a fifty-two week high of GBX 136.50 ($1.80). The firm has a market cap of $21,746.69, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.60 and a beta of 0.73. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, November 10th. Rockwell Collins’s dividend payout ratio (DPR) is currently 27.62%.
In related news, VP Tatum J. Buse sold 19,170 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of GBX 135.36 ($1.78), for a total value of £25,948.51 ($34,129.31). Following the sale, the vice president now directly owns 3,722 shares in the company, valued at £5,038.10 ($6,626.46). The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Philip J. Jasper sold 25,100 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of GBX 135.34 ($1.78), for a total value of £33,970.34 ($44,680.18). The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 527,680 shares of company stock worth $71,420,546. Company insiders own 1.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Rockwell Collins by 27.0% in the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the company’s stock valued at $1,683,340,000 after acquiring an additional 3,410,680 shares during the last quarter. BlackRock Inc. boosted its holdings in Rockwell Collins by 27.9% in the second quarter. BlackRock Inc. now owns 11,315,505 shares of the company’s stock valued at $1,189,034,000 after acquiring an additional 2,466,370 shares during the last quarter. State Street Corp boosted its holdings in Rockwell Collins by 21.9% in the second quarter. State Street Corp now owns 7,140,178 shares of the company’s stock valued at $750,304,000 after acquiring an additional 1,281,647 shares during the last quarter. FMR LLC boosted its holdings in Rockwell Collins by 25.4% in the second quarter. FMR LLC now owns 4,238,235 shares of the company’s stock valued at $445,354,000 after acquiring an additional 857,884 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Rockwell Collins by 76.0% in the second quarter. Franklin Resources Inc. now owns 2,999,186 shares of the company’s stock valued at $315,130,000 after acquiring an additional 1,295,052 shares during the last quarter. Institutional investors and hedge funds own 77.96% 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.
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