Rockwell Collins, Inc. (NYSE:COL) is scheduled to be posting its quarterly earnings results before the market opens on Monday, October 23rd. Analysts expect Rockwell Collins to post earnings of $1.81 per share for the quarter. Rockwell Collins has set its FY17 guidance at $5.95-6.15 EPS.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. Rockwell Collins’s revenue for the quarter was up 57.0% on a year-over-year basis. On average, analysts expect Rockwell Collins to post $6.1 EPS for the current fiscal year and $7.16 EPS for the next fiscal year.
Shares of Rockwell Collins, Inc. (NYSE:COL) opened at 134.71 on Monday. The company has a market cap of $21.89 billion, a price-to-earnings ratio of 26.73 and a beta of 0.73. The firm’s 50-day moving average price is $131.38 and its 200 day moving average price is $113.83. Rockwell Collins, Inc. has a 12-month low of $78.54 and a 12-month high of $135.31.
Rockwell Collins declared that its board has authorized a share buyback plan on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to buy up to 1.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
In other news, Director Harlan Donnley Meade acquired 1,666,667 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average cost of $0.06 per share, for a total transaction of $100,000.02. Insiders own 1.50% of the company’s stock.
A number of equities analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on Rockwell Collins and gave the company a “sell” rating in a research note on Tuesday, August 1st. J P Morgan Chase & Co reiterated an “overweight” rating and set a $135.00 price objective on shares of Rockwell Collins in a research note on Friday, July 14th. Jefferies Group LLC reiterated a “hold” rating and set a $115.00 price objective (up previously from $108.00) on shares of Rockwell Collins in a research note on Monday, July 31st. Vetr upgraded Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price objective for the company in a research note on Monday, August 21st. Finally, Canaccord Genuity lowered Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Rockwell Collins currently has an average rating of “Hold” and an average target price of $126.22.
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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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