Wall Street brokerages expect that Rockwell Collins, Inc. (NYSE:COL) will report earnings of $1.62 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Rockwell Collins’ earnings, with the highest EPS estimate coming in at $1.77 and the lowest estimate coming in at $1.53. Rockwell Collins reported earnings of $1.63 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.6%. The company is expected to report its next quarterly earnings results 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 year, with EPS estimates ranging from $6.00 to $6.03. For the next financial year, analysts anticipate that the company will post earnings of $7.32 per share, with EPS estimates ranging from $6.86 to $7.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Rockwell Collins.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, April 21st. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.03. Rockwell Collins had a return on equity of 34.40% and a net margin of 13.83%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business earned $1.30 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis.
Several analysts have recently commented on COL shares. Zacks Investment Research cut Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Credit Suisse Group raised Rockwell Collins from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $92.00 to $120.00 in a research report on Monday, March 20th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $114.00 target price on shares of Rockwell Collins in a research report on Friday, May 26th. Jefferies Group LLC set a $108.00 target price on Rockwell Collins and gave the stock a “hold” rating in a research report on Monday, May 22nd. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $90.00 target price on shares of Rockwell Collins in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Rockwell Collins currently has an average rating of “Buy” and an average target price of $110.24.
Shares of Rockwell Collins (NYSE:COL) traded down 0.40% during mid-day trading on Thursday, hitting $103.46. The stock had a trading volume of 1,674,327 shares. The firm has a market cap of $16.80 billion, a P/E ratio of 18.57 and a beta of 0.74. Rockwell Collins has a 12-month low of $78.54 and a 12-month high of $109.30. The company has a 50 day moving average price of $105.13 and a 200 day moving average price of $97.83.
The business also recently announced a quarterly dividend, which was paid on Monday, June 5th. Shareholders of record on Monday, May 15th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, May 11th. This represents a $1.32 annualized dividend and a yield of 1.28%. Rockwell Collins’s dividend payout ratio (DPR) is currently 23.66%.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $108.44, for a total transaction of $683,172.00. Following the transaction, the vice president now directly owns 10,519 shares in the company, valued at $1,140,680.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Bruce Michael King sold 2,550 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $104.00, for a total value of $265,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 33,000 shares of company stock worth $2,780 and have sold 17,835 shares worth $1,878,122. 1.50% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Rockwell Collins by 3,360.5% in the first quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock valued at $859,783,000 after buying an additional 8,593,416 shares during the period. Norges Bank bought a new position in Rockwell Collins during the fourth quarter valued at $92,839,000. FMR LLC raised its position in Rockwell Collins by 39.4% in the first quarter. FMR LLC now owns 3,380,351 shares of the aerospace company’s stock valued at $328,435,000 after buying an additional 955,588 shares during the period. I.G. Investment Management LTD. raised its position in Rockwell Collins by 9,081.4% in the fourth quarter. I.G. Investment Management LTD. now owns 863,050 shares of the aerospace company’s stock valued at $80,057,000 after buying an additional 853,650 shares during the period. Finally, Wells Fargo & Company MN raised its position in Rockwell Collins by 60.5% in the first quarter. Wells Fargo & Company MN now owns 1,793,418 shares of the aerospace company’s stock valued at $174,249,000 after buying an additional 675,976 shares during the period. Institutional investors own 66.36% of the company’s stock.
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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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