Rockwell Collins, Inc. (COL) Expected to Announce Quarterly Sales of $2.14 Billion

Equities research analysts expect Rockwell Collins, Inc. (NYSE:COL) to report sales of $2.14 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Rockwell Collins’ earnings. The lowest sales estimate is $2.11 billion and the highest is $2.18 billion. Rockwell Collins posted sales of $1.34 billion during the same quarter last year, which suggests a positive year over year growth rate of 59.7%. The company is expected to issue its next quarterly earnings report on Friday, April 20th.

On average, analysts expect that Rockwell Collins will report full-year sales of $2.14 billion for the current year, with estimates ranging from $8.61 billion to $8.88 billion. For the next financial year, analysts anticipate that the firm will post sales of $9.16 billion per share, with estimates ranging from $8.97 billion to $9.32 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Rockwell Collins.

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

A number of analysts have issued reports on COL shares. Zacks Investment Research downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Wells Fargo downgraded Rockwell Collins from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. Royal Bank of Canada set a $151.00 price objective on Rockwell Collins and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Cowen reissued a “hold” rating and set a $135.00 price objective on shares of Rockwell Collins in a research report on Friday, January 26th. Finally, Canaccord Genuity cut their price objective on Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $133.95.

In related news, VP Douglas E. Stenske sold 3,287 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $135.00, for a total transaction of $443,745.00. Following the completion of the transaction, the vice president now directly owns 8,776 shares in the company, valued at approximately $1,184,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Patrick E. Allen sold 25,410 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $135.02, for a total value of $3,430,858.20. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Rockwell Collins by 4.6% during the 4th quarter. BlackRock Inc. now owns 11,987,278 shares of the aerospace company’s stock valued at $1,625,714,000 after acquiring an additional 523,172 shares during the period. Pentwater Capital Management LP boosted its holdings in Rockwell Collins by 5.6% during the 4th quarter. Pentwater Capital Management LP now owns 3,400,000 shares of the aerospace company’s stock valued at $461,108,000 after acquiring an additional 180,000 shares during the period. Farallon Capital Management LLC purchased a new position in Rockwell Collins during the 4th quarter valued at about $342,853,000. Capital International Investors boosted its holdings in Rockwell Collins by 1,335.8% during the 3rd quarter. Capital International Investors now owns 2,110,600 shares of the aerospace company’s stock valued at $275,877,000 after acquiring an additional 1,963,600 shares during the period. Finally, Alpine Associates Management Inc. boosted its holdings in Rockwell Collins by 13.7% during the 4th quarter. Alpine Associates Management Inc. now owns 1,891,700 shares of the aerospace company’s stock valued at $256,553,000 after acquiring an additional 228,200 shares during the period. Institutional investors own 67.70% of the company’s stock.

Shares of Rockwell Collins (COL) traded up $0.37 on Monday, hitting $135.87. The company’s stock had a trading volume of 1,927,028 shares, compared to its average volume of 1,070,239. Rockwell Collins has a twelve month low of $95.62 and a twelve month high of $139.63. The firm has a market cap of $22,214.26, a P/E ratio of 25.30, a PEG ratio of 1.78 and a beta of 0.70. 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 company also recently announced a quarterly dividend, which was paid on Monday, March 5th. Investors of record on Monday, February 12th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, February 9th. Rockwell Collins’s dividend payout ratio (DPR) is 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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