NEW YORK (TheStreet) --Shares of Rockwell Collins Inc. (COL) are higher by 4.02% to $80.93 in mid-morning trading on Friday, after the company issued its financial guidance for the 2015 fiscal year and said it's expecting earnings per share between $4.90 and $5.10 on revenue in the range of $5.2 billion to $5.3 billion.
Analysts polled by Thomson Reuters are expecting the company, which is involved with the design, production, and support of communications and aviation electronics for commercial and military customers, to post EPS of $4.94.
Rockwell forecast revenue for fiscal 2015 in the range of $5.2 billion to $5.3 billion, while analysts are expecting $5.25 billion.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
"In March of this year, we communicated our plan to accelerate growth, expand cash flow, and deploy our capital with priorities on growth and shareowner return. I'm pleased to report that our full year 2015 guidance does just that," said company CEO Kelly Ortberg.
Additionally, Rockwell Collins announced its board has approved an additional $500 million to expand the company's share repurchase program.
Separately, TheStreet Ratings team rates ROCKWELL COLLINS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ROCKWELL COLLINS INC (COL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income."