Wall Street brokerages forecast that Rockwell Collins, Inc. (NYSE:COL) will report $1.80 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Rockwell Collins’ earnings, with the highest EPS estimate coming in at $1.92 and the lowest estimate coming in at $1.74. Rockwell Collins posted earnings of $1.58 per share in the same quarter last year, which would suggest a positive year over year growth rate of 13.9%. The company is scheduled to report its next quarterly earnings results on Monday, October 23rd.
On average, analysts expect that Rockwell Collins will report full year earnings of $6.10 per share for the current financial year, with EPS estimates ranging from $6.00 to $6.15. For the next financial year, analysts forecast that the firm will report earnings of $7.16 per share, with EPS estimates ranging from $6.70 to $7.54. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Rockwell Collins.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The company’s revenue was up 57.0% on a year-over-year basis.
Several analysts have recently commented on the company. Robert W. Baird cut Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 target price on the stock. in a report on Wednesday. Sanford C. Bernstein cut Rockwell Collins from an “outperform” rating to a “market perform” rating and set a $137.00 target price on the stock. in a report on Monday, September 11th. Wolfe Research cut Rockwell Collins from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 6th. Seaport Global Securities cut Rockwell Collins from a “buy” rating to a “neutral” rating in a report on Wednesday, September 6th. Finally, Drexel Hamilton cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $122.34.
Shares of Rockwell Collins (NYSE:COL) traded down 0.20% during midday trading on Wednesday, hitting $131.09. 2,931,876 shares of the company were exchanged. Rockwell Collins has a one year low of $78.54 and a one year high of $135.31. The firm has a market cap of $21.30 billion, a P/E ratio of 26.02 and a beta of 0.75. The company’s 50 day moving average price is $125.58 and its 200 day moving average price is $108.72.
Rockwell Collins declared that its board has authorized a stock repurchase plan on Friday, July 7th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 10th. Rockwell Collins’s payout ratio is 26.04%.
In related news, Director Harlan Donnley Meade bought 1,666,667 shares of the business’s stock in a transaction on Friday, September 15th. The shares were purchased at an average price of $0.06 per share, with a total value of $100,000.02. Insiders acquired 1,678,667 shares of company stock worth $100,960 in the last three months. Insiders own 1.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Frontier Investment Mgmt Co. acquired a new position in Rockwell Collins in the second quarter valued at about $375,000. W. E. Donoghue & Co. LLC acquired a new position in Rockwell Collins in the second quarter valued at about $2,215,000. M Holdings Securities Inc. acquired a new position in Rockwell Collins in the second quarter valued at about $378,000. USA Financial Portformulas Corp acquired a new position in Rockwell Collins in the second quarter valued at about $4,163,000. Finally, Sentry Investment Management LLC lifted its stake in Rockwell Collins by 1.1% in the second quarter. Sentry Investment Management LLC now owns 9,707 shares of the aerospace company’s stock valued at $1,020,000 after buying an additional 104 shares during the period. 77.86% of the stock is currently owned by hedge funds and other institutional investors.
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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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