Analysts Anticipate Rockwell Collins (COL) Will Post Quarterly Sales of $2.14 Billion

Brokerages forecast that Rockwell Collins (NYSE:COL) will post sales of $2.14 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Rockwell Collins’ earnings, with the lowest sales estimate coming in at $2.11 billion and the highest estimate coming in at $2.18 billion. Rockwell Collins posted sales of $1.34 billion in the same quarter last year, which suggests a positive year over year growth rate of 59.7%. The business is expected to report its next quarterly earnings report before the market opens on Friday, April 27th.

According to Zacks, analysts expect that Rockwell Collins will report full year sales of $8.76 billion for the current financial year, with estimates ranging from $8.65 billion to $8.86 billion. For the next year, analysts expect that the business will post sales of $9.13 billion per share, with estimates ranging from $8.97 billion to $9.32 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Rockwell Collins.

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

Several analysts have issued reports on COL shares. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a report on Wednesday, February 21st. ValuEngine raised Rockwell Collins from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $133.42.

Several institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Rockwell Collins by 11.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,054 shares of the aerospace company’s stock valued at $957,000 after acquiring an additional 721 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Rockwell Collins by 14.6% in the fourth quarter. Xact Kapitalforvaltning AB now owns 15,364 shares of the aerospace company’s stock valued at $2,084,000 after acquiring an additional 1,953 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of Rockwell Collins by 44.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,466 shares of the aerospace company’s stock valued at $1,419,000 after acquiring an additional 3,200 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in shares of Rockwell Collins by 111.5% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 132,800 shares of the aerospace company’s stock valued at $18,010,000 after acquiring an additional 70,000 shares in the last quarter. Finally, Lake Street Advisors Group LLC purchased a new position in shares of Rockwell Collins in the fourth quarter valued at about $266,000. Institutional investors and hedge funds own 67.64% of the company’s stock.

NYSE:COL traded down $0.32 during mid-day trading on Monday, hitting $133.04. 1,793,293 shares of the company traded hands, compared to its average volume of 1,308,225. Rockwell Collins has a one year low of $100.10 and a one year high of $139.63. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.56. The firm has a market capitalization of $21,863.43, a PE ratio of 21.63, a P/E/G ratio of 1.74 and a beta of 0.70.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Tuesday, May 15th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. Rockwell Collins’s payout ratio is 21.46%.

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Rockwell Collins Company Profile

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

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