RBC Bearings (ROLL) Posts Quarterly Results
RBC Bearings (NASDAQ:ROLL) announced its earnings results on Wednesday. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.02, AnalystRatingsNetwork.com reports. The company had revenue of $113.70 million for the quarter, compared to the consensus estimate of $111.23 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis.
On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of RBC Bearings in a research note on Tuesday, May 20th. They now have a $63.00 price target on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $67.20.
Shares of RBC Bearings (NASDAQ:ROLL) opened at 62.50 on Wednesday. RBC Bearings has a 52-week low of $47.00 and a 52-week high of $71.25. The stock’s 50-day moving average is $61.39 and its 200-day moving average is $64.9. The company has a market cap of $1.432 billion and a price-to-earnings ratio of 26.81.
The company also recently declared a special dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, May 28th.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision plain, roller and ball bearings.
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