Rockwell Collins Upgraded by Prudential
- RC Also Increases FY 2004 Earnings Per Share Guidance
01/16/04
This week Rockwell Collins was upgraded by Prudential from
"neutral" to "overweight." Why does it
take Wall Street so long to recognize the true value of some
stocks? We recommended Rockwell back in October of 2001 and
have seen the stock's value increase 125.4% during one of
the worst bear markets this country has ever seen.
This week Rockwell helped some Wall Street
analysts "see the light" by increasing their earnings
per share guidance. Details follow in the company's press
release:
CEDAR RAPIDS, Iowa (January 12, 2004) -
Rockwell Collins (NYSE: COL) today announced an increase in
its earnings per share guidance for the current fiscal year
2004, ending September 30th. The company now expects fiscal
year 2004 earnings per share to be in the range of $1.50 to
$1.60, an increase of 10 cents from its previously announced
earnings per share guidance range of $1.40 to $1.50. The increase
in the earnings per share guidance is primarily a result of
the strong organic growth the company is seeing in its government
systems business and higher than expected sales in the commercial
systems business aftermarket along with continued improvement
in operating efficiencies in the first quarter of fiscal year
2004.
Rockwell Collins is a leader in the design,
production and support of communications and aviation electronics
solutions for government and commercial customers worldwide.
Additional information, including the complete version of
this press release, is available at www.rockwellcollins.com.
This press release contains statements (including
certain projections and business forecasts) that are forward-looking
statements as defined in the Private Securities Litigation
Reform Act of 1995. Actual results may differ materially from
those projected as a result of certain risks and uncertainties,
including, but not limited to, uncertainty following the war
in Iraq; the consequence of past and future terrorist attacks;
political turmoil in the Middle East; the timing related to
restoring consumer confidence in air travel; the health of
the global economy as well as the commercial aerospace industry;
domestic and foreign government spending, budgetary and trade
policies; economic and political changes in international
markets where the company competes; demand for and market
acceptance of new and existing products; performance of our
products; potential cancellation, delay of orders, or changes
in procurement practices by our customers; customer bankruptcies;
labor work stoppages; recruitment and retention of qualified
personnel; performance of our major suppliers and subcontractors;
our ability to successfully execute to our internal performance
plans; achieving our planned effective tax rate; favorable
outcomes of certain customer procurements and Congressional
approvals; changes to government policies and regulations;
changes to new aircraft build rates; product reliability and
cost of repairs; successful execution of our acquisition,
strategic and integration plans; and the uncertainties of
the outcome of litigation, as well as other risks and uncertainties,
including but not limited to those detailed from time to time
in the company's Securities and Exchange Commission filings.
These forward-looking statements are made only as of the date
hereof and the company assumes no obligation to update any
forward-looking statement.
SOURCE: Rockwell Collins, Inc.
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