Equities analysts expect Rockwell Collins, Inc. (NYSE:COL) to report sales of $2.24 billion for the current quarter, Zacks reports. Three analysts have made estimates for Rockwell Collins’ earnings, with the highest sales estimate coming in at $2.26 billion and the lowest estimate coming in at $2.21 billion. Rockwell Collins posted sales of $2.09 billion in the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The company is expected to issue its next earnings report on Friday, July 27th.
On average, analysts expect that Rockwell Collins will report full-year sales of $8.77 billion for the current year, with estimates ranging from $8.65 billion to $8.86 billion. For the next financial year, analysts anticipate that the business will post sales of $9.14 billion per share, with estimates ranging from $9.05 billion to $9.32 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Rockwell Collins.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, April 27th. The aerospace company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Rockwell Collins had a return on equity of 18.20% and a net margin of 10.72%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. The business’s revenue was up 62.4% compared to the same quarter last year.
A number of equities analysts have commented on the company. Zacks Investment Research cut Rockwell Collins from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. Royal Bank of Canada restated a “hold” rating and issued a $143.00 price target on shares of Rockwell Collins in a research report on Friday, April 6th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Rockwell Collins currently has an average rating of “Hold” and an average price target of $136.74.
A number of large investors have recently added to or reduced their stakes in COL. Farallon Capital Management LLC raised its stake in Rockwell Collins by 113.4% in the first quarter. Farallon Capital Management LLC now owns 5,395,000 shares of the aerospace company’s stock valued at $727,516,000 after buying an additional 2,866,956 shares in the last quarter. Cowen Inc. raised its stake in Rockwell Collins by 2,640.7% in the fourth quarter. Cowen Inc. now owns 507,035 shares of the aerospace company’s stock valued at $68,764,000 after buying an additional 488,535 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Rockwell Collins in the fourth quarter valued at $55,047,000. Water Island Capital LLC raised its stake in Rockwell Collins by 74.7% in the first quarter. Water Island Capital LLC now owns 947,800 shares of the aerospace company’s stock valued at $127,811,000 after buying an additional 405,368 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in Rockwell Collins in the fourth quarter valued at $54,248,000. Institutional investors own 66.57% of the company’s stock.
Shares of Rockwell Collins stock traded down $0.11 during mid-day trading on Friday, reaching $134.24. 943,700 shares of the stock traded hands, compared to its average volume of 1,360,940. Rockwell Collins has a fifty-two week low of $103.25 and a fifty-two week high of $139.63. The stock has a market capitalization of $21.95 billion, a P/E ratio of 21.88, a PEG ratio of 1.74 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.61 and a quick ratio of 0.79.
The company also recently declared a quarterly dividend, which was paid on Monday, June 4th. Shareholders of record on Tuesday, May 15th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Monday, May 14th. Rockwell Collins’s dividend payout ratio (DPR) is 21.46%.
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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