RBC Bearings (ROLL) Posts Quarterly Results
RBC Bearings (NASDAQ:ROLL) released its earnings data on Thursday. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.11, AnalystRatings.Net reports. The company had revenue of $100.50 million for the quarter, compared to the consensus estimate of $106.30 million.
Shares of RBC Bearings (NASDAQ:ROLL) opened at 62.44 on Thursday. RBC Bearings has a 52-week low of $46.03 and a 52-week high of $71.25. The stock has a 50-day moving average of $67.93 and a 200-day moving average of $64.54. The company has a market cap of $1.425 billion and a P/E ratio of 28.18.
On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of RBC Bearings in a research note to investors on Thursday, November 14th. They now have a $70.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. RBC Bearings currently has a consensus rating of “Hold” and an average target price of $64.00.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision plain, roller and ball bearings.
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