Rockwell Collins Backs FY14 Targets; Sees FY15 EPS Of $4.90 - $5.10

(RTTNews) - Communications and aviation electronics maker Rockwell Collins, Inc. (COL) said it expects fiscal 2015 earnings per share in the range of $4.90 to $5.10, revenues between $5.2 billion and $5.3 billion and cash flow from operations of $675 million to $775 million. Analysts polled by Thomson Reuters expect earnings of $4.94 per share on $5.25 billion in revenue for the fiscal year 2015. Analysts' estimates typically exclude special items. Total segment operating margins are likely to range between 20.5 percent and 21.5 percent.

In addition, the company confirmed its fiscal 2014 guidance for continuing operations, including sales of about $4.90 billion to $4.95 billion, earnings per share in the range of $4.45 to $4.55 and operating cash flow of about $650 million. Analysts expect the company to report annual earnings of $4.51 per share, and revenue of $4.95 billion. Analysts' estimates typically exclude special items.

Further, the board has authorized an additional $500 million for share buybacks of Rockwell Collins common stock.