Deutsche Bank Reports 1Q Inline For Rockwell Collins

According to Deutsche Bank, Rockwell Collins COL reported fiscal 2Q EPS of 96c, just below its 97c but in-line with consensus est. Deutsche Bank said that revenue and EBIT margin were right in-line with its estimate, with a slightly higher tax rate driving the 1c delta vs. its model. “Company modestly raised FY11 guidance by 5c to 3.90-4.10, compared to our $4.07 estimate and consensus of $4.09. We are becoming more interested on valuation, but are maintaining our Hold rating given a few negatives that came out during the call.” Rockwell Collins closed the previous trading day at $62.93.