Equities research analysts expect Rockwell Collins, Inc. (NYSE:COL) to announce earnings per share (EPS) of $1.62 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Rockwell Collins’ earnings. The lowest EPS estimate is $1.53 and the highest is $1.77. Rockwell Collins reported earnings of $1.63 per share during the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The business is scheduled to issue its next earnings report on Monday, July 24th.
According to Zacks, analysts expect that Rockwell Collins will report full-year earnings of $6.01 per share for the current fiscal year, with EPS estimates ranging from $6.00 to $6.03. For the next year, analysts expect that the company will post earnings of $7.32 per share, with EPS estimates ranging from $6.86 to $7.66. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Rockwell Collins.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, April 21st. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Rockwell Collins had a net margin of 13.83% and a return on equity of 34.40%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 EPS.
COL has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “hold” rating and issued a $114.00 price target on shares of Rockwell Collins in a report on Friday, May 26th. Barclays PLC upped their price target on shares of Rockwell Collins from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. Zacks Investment Research upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a report on Wednesday, April 26th. Bank of America Corporation cut their price target on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, June 9th. Finally, Deutsche Bank AG upped their price target on shares of Rockwell Collins from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, April 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $110.24.
In other Rockwell Collins news, COO Philip J. Jasper sold 7,311 shares of the stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $97.21, for a total transaction of $710,702.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bruce Michael King sold 2,735 shares of the stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $100.00, for a total transaction of $273,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 38,000 shares of company stock valued at $3,280 and have sold 25,146 shares valued at $2,588,824. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Seven Eight Capital LP bought a new position in shares of Rockwell Collins during the fourth quarter valued at approximately $268,000. Caxton Associates LP bought a new position in shares of Rockwell Collins during the fourth quarter valued at approximately $7,421,000. Envestnet Asset Management Inc. raised its position in shares of Rockwell Collins by 45.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 21,900 shares of the aerospace company’s stock valued at $2,032,000 after buying an additional 6,813 shares during the last quarter. Menta Capital LLC bought a new position in shares of Rockwell Collins during the fourth quarter valued at approximately $1,087,000. Finally, Pacad Investment Ltd. bought a new position in shares of Rockwell Collins during the fourth quarter valued at approximately $371,000. 66.36% of the stock is owned by hedge funds and other institutional investors.
Shares of Rockwell Collins (NYSE:COL) traded down 0.50% during midday trading on Thursday, reaching $104.54. 421,111 shares of the company’s stock were exchanged. The stock has a market cap of $16.98 billion, a PE ratio of 18.76 and a beta of 0.74. The stock’s 50 day moving average is $105.13 and its 200-day moving average is $97.83. Rockwell Collins has a 12-month low of $78.54 and a 12-month high of $109.30.
The company also recently declared a quarterly dividend, which was paid on Monday, June 5th. Shareholders of record on Monday, May 15th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Thursday, May 11th. Rockwell Collins’s payout ratio is 23.66%.
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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