Analysts Anticipate Rockwell Collins, Inc. (COL) Will Post Quarterly Sales of $2.00 Billion

Brokerages expect Rockwell Collins, Inc. (NYSE:COL) to report sales of $2.00 billion for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Rockwell Collins’ earnings, with estimates ranging from $1.97 billion to $2.01 billion. Rockwell Collins posted sales of $1.19 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 68.1%. The business is expected to issue its next earnings results before the market opens on Friday, January 26th.

According to Zacks, analysts expect that Rockwell Collins will report full year sales of $2.00 billion for the current year, with estimates ranging from $8.61 billion to $8.88 billion. For the next financial year, analysts expect that the company will post sales of $9.16 billion per share, with estimates ranging from $8.99 billion to $9.32 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Rockwell Collins.

Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the consensus estimate of $1.80. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 51.8% compared to the same quarter last year.

Several equities research analysts have recently weighed in on COL shares. Royal Bank of Canada set a $140.00 price objective on Rockwell Collins and gave the company a “hold” rating in a research report on Sunday, November 12th. Jefferies Group reissued a “hold” rating and issued a $115.00 price objective on shares of Rockwell Collins in a research report on Tuesday, October 3rd. Credit Suisse Group cut Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research report on Wednesday, November 8th. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Friday, January 12th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $140.00 price objective on shares of Rockwell Collins in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $130.56.

Shares of Rockwell Collins (NYSE:COL) opened at $137.67 on Friday. Rockwell Collins has a 12-month low of $89.44 and a 12-month high of $138.19. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75. The firm has a market capitalization of $22,549.52, a P/E ratio of 28.80, a PEG ratio of 1.82 and a beta of 0.72.

In related news, VP Robert A. Sturgell sold 1,734 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $132.10, for a total value of $229,061.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David J. Nieuwsma sold 3,900 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $133.00, for a total value of $518,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 571,812 shares of company stock valued at $77,350,247. 1.10% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of COL. Vanguard Group Inc. lifted its holdings in shares of Rockwell Collins by 27.0% during the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after acquiring an additional 3,410,680 shares during the period. Pentwater Capital Management LP bought a new position in shares of Rockwell Collins during the third quarter valued at $420,886,000. Capital International Investors lifted its holdings in shares of Rockwell Collins by 1,335.8% during the third 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. Alpine Associates Management Inc. lifted its holdings in shares of Rockwell Collins by 1,004.1% during the third quarter. Alpine Associates Management Inc. now owns 1,663,500 shares of the aerospace company’s stock valued at $217,436,000 after acquiring an additional 1,847,500 shares during the period. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Rockwell Collins by 186.0% during the second quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock valued at $213,122,000 after acquiring an additional 1,319,020 shares during the period. 72.22% of the stock is owned by hedge funds and other institutional investors.

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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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