Wall Street brokerages expect Rockwell Collins, Inc. (NYSE:COL) to post earnings per share (EPS) of $1.73 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Rockwell Collins’ earnings, with the highest EPS estimate coming in at $1.84 and the lowest estimate coming in at $1.69. Rockwell Collins posted earnings per share of $1.34 during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.1%. The company is scheduled to announce its next quarterly earnings results on Friday, April 20th.
According to Zacks, analysts expect that Rockwell Collins will report full-year earnings of $7.12 per share for the current financial year, with EPS estimates ranging from $6.90 to $7.50. For the next financial year, analysts expect that the company will post earnings of $8.05 per share, with EPS estimates ranging from $7.75 to $8.55. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow Rockwell Collins.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, January 26th. The aerospace company reported $1.59 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The company’s quarterly revenue was up 68.6% compared to the same quarter last year.
A number of research firms recently weighed in on COL. ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen reaffirmed a “hold” rating and set a $135.00 target price on shares of Rockwell Collins in a report on Friday, January 26th. Wells Fargo & Co lowered shares of Rockwell Collins from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 16th. Zacks Investment Research lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Monday, January 15th. Finally, Canaccord Genuity decreased their target price on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating on the stock in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $133.83.
In other news, VP Jeffrey D. Maclauchlan sold 7,634 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $133.24, for a total value of $1,017,154.16. Following the transaction, the vice president now owns 9,179 shares of the company’s stock, valued at approximately $1,223,009.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Patrick E. Allen sold 25,410 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $135.02, for a total transaction of $3,430,858.20. The disclosure for this sale can be found here. Insiders sold a total of 36,331 shares of company stock worth $4,891,757 in the last three months. Insiders own 1.10% of the company’s stock.
Several large investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB increased its holdings in shares of Rockwell Collins by 14.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 15,364 shares of the aerospace company’s stock worth $2,084,000 after buying an additional 1,953 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of Rockwell Collins by 44.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,466 shares of the aerospace company’s stock worth $1,419,000 after buying an additional 3,200 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in shares of Rockwell Collins by 111.5% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 132,800 shares of the aerospace company’s stock worth $18,010,000 after buying an additional 70,000 shares during the last quarter. Lake Street Advisors Group LLC bought a new position in shares of Rockwell Collins in the 4th quarter worth $266,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Rockwell Collins in the 4th quarter valued at $6,831,000. 70.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rockwell Collins (NYSE COL) opened at $136.58 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.56 and a quick ratio of 0.73. The stock has a market cap of $22,174.92, a P/E ratio of 21.23, a PEG ratio of 1.79 and a beta of 0.72. Rockwell Collins has a 12-month low of $93.11 and a 12-month high of $139.63.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 12th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, February 9th. Rockwell Collins’s payout ratio is 24.58%.
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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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