Equities analysts expect Rockwell Collins, Inc. (NYSE:COL) to post sales of $1.99 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Rockwell Collins’ earnings. The lowest sales estimate is $1.97 billion and the highest is $2.01 billion. Rockwell Collins posted sales of $1.19 billion during the same quarter last year, which suggests a positive year over year growth rate of 67.2%. The firm is expected to report its next earnings results on Friday, January 19th.
According to Zacks, analysts expect that Rockwell Collins will report full-year sales of $1.99 billion for the current year, with estimates ranging from $8.61 billion to $8.88 billion. For the next fiscal year, analysts forecast that the firm will post sales of $9.17 billion per share, with estimates ranging from $8.99 billion to $9.32 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Rockwell Collins.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the business earned $1.58 earnings per share. The firm’s quarterly revenue was up 51.8% compared to the same quarter last year.
Several brokerages recently issued reports on COL. Royal Bank Of Canada set a $140.00 target price on shares of Rockwell Collins and gave the stock a “hold” rating in a research report on Sunday. Goldman Sachs Group, Inc. (The) set a $96.00 target price on shares of Rockwell Collins and gave the stock a “sell” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $115.00 target price (up from $108.00) on shares of Rockwell Collins in a research report on Monday, July 31st. Vetr upgraded shares of Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 target price for the company in a research report on Monday, August 21st. Finally, Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $128.85.
Shares of Rockwell Collins (NYSE:COL) traded down $0.21 during trading hours on Friday, reaching $133.37. 1,210,300 shares of the company traded hands, compared to its average volume of 1,828,864. Rockwell Collins has a one year low of $87.05 and a one year high of $136.50. The stock has a market capitalization of $21,746.65, a price-to-earnings ratio of 22.34, a PEG ratio of 1.60 and a beta of 0.73. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be paid 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 27.62%.
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In related news, VP David J. Nieuwsma sold 2,167 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $133.91, for a total value of $290,182.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Patrick E. Allen sold 35,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $135.34, for a total transaction of $4,736,900.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 529,847 shares of company stock valued at $71,710,729. 1.50% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in COL. Vanguard Group Inc. raised its stake in Rockwell Collins by 27.0% in the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after buying an additional 3,410,680 shares in the last quarter. BlackRock Inc. raised its stake in Rockwell Collins by 27.9% in the second quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock worth $1,189,034,000 after buying an additional 2,466,370 shares in the last quarter. Alpine Associates Management Inc. raised its stake in Rockwell Collins by 1,004.1% in the third quarter. Alpine Associates Management Inc. now owns 1,663,500 shares of the aerospace company’s stock worth $217,436,000 after buying an additional 1,847,500 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in Rockwell Collins by 186.0% in the second quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock worth $213,122,000 after buying an additional 1,319,020 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Rockwell Collins by 76.0% in the second quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock worth $315,130,000 after buying an additional 1,295,052 shares in the last quarter. 78.06% of the stock is owned by institutional investors.
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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