Rockwell Collins (COL) was Initiated by Morgan Stanley to “Equal-Weight”. Morgan Stanley advised their investors in a research report released on Jun 23, 2016.
On the company’s financial health, Rockwell Collins reported $1.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.28. The company had revenue of $1311.00 million for the quarter, compared to analysts expectations of $1329.42 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.22 EPS.
Rockwell Collins closed down -0.8 points or -0.92% at $85.94 with 5,87,606 shares getting traded on Tuesday. Post opening the session at $87.03, the shares hit an intraday low of $85.9 and an intraday high of $87.19 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jun 7, 2016, Jeffrey A. Standerski (Sr. VP, People & Inclusion) sold 4,300 shares at $87.50 per share price. According to the SEC, on Feb 24, 2016, Douglas E Stenske (VP Treas & Risk Mgmt) sold 2,453 shares at $90.00 per share price. On Feb 19, 2016, Robert A Sturgell (Sr. VP, Washington Operations) sold 2,700 shares at $84.02 per share price, according to the Form-4 filing with the securities and exchange commission.
Rockwell Collins Inc. is engaged in design production and support of communications and aviation electronics for commercial and military customers around the world. The Companys products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems. The Companys Government Systems business provides a range of electronic products systems and services to customers. The Companys Commercial Systems business supplies aviation electronics systems products and services to customers located throughout the world. Its integrated system solutions and products cater to a range of markets. It also provides a range of services and support including equipment repair and overhaul service parts and field service engineering. It enables wireless distribution of digital information aboard the aircraft. Its portfolio of cabin products and services allows airlines to stream video content to approximately 250 passengers simultaneously.