Rockwell Collins, Inc. (COL) reported second quarter fiscal year 2016 earnings per share from continuing operations increased 7% to $1.30 compared to $1.22 in the prior year. Total sales in the second quarter of fiscal year 2016 were $1.31 billion, a 2% decrease from the same period in fiscal year 2015. Total segment operating margins remained steady at 20.7%.
“Fiscal 2016 is progressing directionally as we expected,” said Rockwell Collins Chairman, President, and Chief Executive Officer, Kelly Ortberg. “We anticipated the slow start in the first half of the year followed by expected growth in the second half. Our execution in the second quarter was solid as we focused on delivering the savings from our restructuring actions taken in the first quarter. Our full year guidance remains unchanged as we now focus on delivering the second half growth.”
Ortberg continued, “There were also several significant accomplishments this quarter that support our long-term growth objectives. We were selected as one of the suppliers for the HMS Manpack program and we’re pleased to be a supplier to Northrop Grumman on the Long Range Strike Bomber. We also captured numerous contract awards for our avionics and information management systems.”
Rockwell Collins Inc. earnings per share showed an increasing trend of 14.8% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 581%.Analysts project EPS growth over the next 5 years at 8.8%. It has EPS annual growth over the past 5 fiscal years of 8.2% when sales grew 2.5. It reported -2.2% sales drop, and 6.6% EPS growth in the last quarter.
The stock is trading at $88.4, up 16.7% from 52-week low of $76.03. The stock trades down -7.38% from its peak of $96.4 and 8.25% above the consensus price target of $95.69. Its volume clocked up at 0.74 million shares which is higher than the average volume of 0.68 million shares. Its market capitalization currently stands at $11.59B.
0 yorum:
Yorum Gönder