Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.