Analysts expect Rockwell Collins, Inc. (NYSE:COL) to report $2.24 billion in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Rockwell Collins’ earnings, with the lowest sales estimate coming in at $2.21 billion and the highest estimate coming in at $2.26 billion. Rockwell Collins posted sales of $2.09 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The business is scheduled to announce its next earnings report on Friday, July 27th.
On average, analysts expect that Rockwell Collins will report full-year sales of $8.78 billion for the current year, with estimates ranging from $8.65 billion to $8.86 billion. For the next fiscal year, analysts anticipate that the company will post sales of $9.15 billion per share, with estimates ranging from $9.05 billion to $9.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Rockwell Collins.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, April 27th. The aerospace company reported $1.81 EPS for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.06. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Rockwell Collins had a net margin of 10.72% and a return on equity of 18.20%. Rockwell Collins’s revenue was up 62.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 EPS.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Rockwell Collins from a “hold” rating to a “sell” rating in a research note on Wednesday, May 16th. Royal Bank of Canada restated a “hold” rating and set a $143.00 price target on shares of Rockwell Collins in a research note on Friday, April 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $134.13.
Shares of COL stock opened at $139.18 on Wednesday. The company has a market cap of $22.84 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 1.82 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.61. Rockwell Collins has a 12 month low of $103.25 and a 12 month high of $139.63.
The company also recently announced a quarterly dividend, which was paid on Monday, June 4th. Shareholders of record on Tuesday, May 15th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, May 14th. Rockwell Collins’s dividend payout ratio is presently 21.46%.
A number of hedge funds and other institutional investors have recently bought and sold shares of COL. Tower Research Capital LLC TRC purchased a new stake in Rockwell Collins in the 4th quarter worth approximately $118,000. Motco increased its holdings in shares of Rockwell Collins by 79.5% in the 1st quarter. Motco now owns 980 shares of the aerospace company’s stock worth $132,000 after buying an additional 434 shares during the last quarter. Keeler Thomas Management LLC bought a new position in shares of Rockwell Collins in the 4th quarter worth $135,000. Optimum Investment Advisors bought a new position in shares of Rockwell Collins in the 1st quarter worth $162,000. Finally, Meadow Creek Investment Management LLC bought a new position in shares of Rockwell Collins in the 4th quarter worth $171,000. Institutional investors and hedge funds own 66.54% of the company’s stock.
About Rockwell Collins
Rockwell Collins, Inc designs, produces, and supports communications and aviation systems worldwide. The company's Interior Systems segment offers commercial aircraft seats; galley structures, food and beverage preparation equipment, and water and waste systems; oxygen and passenger service equipment; cabin lighting systems; and business jet and general aviation interior products.
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