Analysts Expect Rockwell Collins, Inc. (COL) Will Post Quarterly Sales of $2.15 Billion

Wall Street analysts forecast that Rockwell Collins, Inc. (NYSE:COL) will announce sales of $2.15 billion for the current quarter, Zacks reports. Five analysts have issued estimates for Rockwell Collins’ earnings, with the highest sales estimate coming in at $2.18 billion and the lowest estimate coming in at $2.11 billion. Rockwell Collins reported sales of $1.34 billion in the same quarter last year, which indicates a positive year over year growth rate of 60.4%. The company is expected to issue its next earnings results on Friday, April 20th.

On average, analysts expect that Rockwell Collins will report full-year sales of $2.15 billion for the current fiscal year, with estimates ranging from $8.61 billion to $8.88 billion. For the next fiscal year, analysts anticipate that the business will post sales of $9.16 billion per share, with estimates ranging from $8.97 billion to $9.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Rockwell Collins.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.06. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the business posted $1.20 EPS. The company’s quarterly revenue was up 68.6% on a year-over-year basis.

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 company a “hold” rating in a research note on Sunday, November 12th. Zacks Investment Research downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Cowen reiterated a “hold” rating and issued a $135.00 target price on shares of Rockwell Collins in a research note on Friday, January 26th. Credit Suisse Group downgraded shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a research note on Wednesday, November 8th. Finally, Canaccord Genuity cut their target price on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $133.83.

In other news, VP Douglas E. Stenske sold 3,287 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $135.00, for a total transaction of $443,745.00. Following the transaction, the vice president now directly owns 8,776 shares of the company’s stock, valued at $1,184,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey D. Maclauchlan sold 7,634 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $133.24, for a total transaction of $1,017,154.16. Following the transaction, the vice president now directly owns 9,179 shares in the company, valued at $1,223,009.96. The disclosure for this sale can be found here. Insiders have sold 36,331 shares of company stock valued at $4,891,757 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D increased its holdings in shares of Rockwell Collins by 304.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 445,000 shares of the aerospace company’s stock worth $58,166,000 after purchasing an additional 335,000 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of Rockwell Collins by 1.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 242,172 shares of the aerospace company’s stock worth $31,654,000 after purchasing an additional 3,210 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Rockwell Collins by 1.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 41,939 shares of the aerospace company’s stock worth $5,505,000 after purchasing an additional 800 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Rockwell Collins by 3.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 544,325 shares of the aerospace company’s stock worth $71,149,000 after purchasing an additional 19,030 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Rockwell Collins by 2.5% during the third quarter. Swiss National Bank now owns 607,860 shares of the aerospace company’s stock worth $79,453,000 after purchasing an additional 14,700 shares during the period. 70.13% of the stock is currently owned by institutional investors.

Shares of Rockwell Collins (NYSE COL) opened at $137.13 on Friday. Rockwell Collins has a one year low of $93.11 and a one year high of $139.63. The stock has a market cap of $22,547.07, a PE ratio of 25.54, a P/E/G ratio of 1.82 and a beta of 0.72. The company has a quick ratio of 0.73, a current ratio of 1.56 and a debt-to-equity ratio of 1.02.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 12th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.32 annualized dividend and a yield of 0.96%. Rockwell Collins’s dividend payout ratio (DPR) is presently 24.58%.

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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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Earnings History and Estimates for Rockwell Collins (NYSE:COL)

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