Brokerages Anticipate RBC Bearings Incorporated (ROLL) to Announce $0.85 Earnings Per Share
Analysts predict that RBC Bearings Incorporated (NASDAQ:ROLL) will post earnings of $0.85 per share for the current quarter, according to Zacks. Three analysts have made estimates for RBC Bearings’ earnings. The highest EPS estimate is $0.88 and the lowest is $0.80. RBC Bearings reported earnings per share of $0.78 during the same quarter last year, which suggests a positive year over year growth rate of 9%. The company is expected to issue its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that RBC Bearings will report full-year earnings of $3.66 per share for the current year, with EPS estimates ranging from $3.48 to $3.85. For the next financial year, analysts expect that the company will post earnings of $4.13 per share, with EPS estimates ranging from $3.93 to $4.45. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover RBC Bearings.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.09. RBC Bearings had a return on equity of 11.25% and a net margin of 11.91%. The business had revenue of $163.90 million during the quarter, compared to the consensus estimate of $160.42 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. RBC Bearings’s revenue was up 6.0% compared to the same quarter last year.
A number of research analysts have issued reports on ROLL shares. Zacks Investment Research cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. BidaskClub cut RBC Bearings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.
In other RBC Bearings news, General Counsel Thomas J. Williams sold 5,500 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $105.44, for a total transaction of $579,920.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Hartnett sold 13,551 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $105.27, for a total value of $1,426,513.77. The disclosure for this sale can be found here. Insiders sold 69,347 shares of company stock valued at $7,252,145 in the last 90 days. Company insiders own 3.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in shares of RBC Bearings by 5.1% in the first quarter. Bank of America Corp DE now owns 53,335 shares of the industrial products company’s stock valued at $5,178,000 after acquiring an additional 2,578 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of RBC Bearings in the first quarter worth about $190,000. Aperio Group LLC lifted its position in shares of RBC Bearings by 10.1% in the second quarter. Aperio Group LLC now owns 3,663 shares of the industrial products company’s stock worth $373,000 after buying an additional 337 shares in the last quarter. Blair William & Co. IL lifted its position in shares of RBC Bearings by 58.7% in the second quarter. Blair William & Co. IL now owns 8,293 shares of the industrial products company’s stock worth $844,000 after buying an additional 3,068 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its position in shares of RBC Bearings by 2.3% in the first quarter. Suntrust Banks Inc. now owns 4,703 shares of the industrial products company’s stock worth $455,000 after buying an additional 107 shares in the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.
Shares of RBC Bearings (NASDAQ:ROLL) traded up 0.53% during midday trading on Thursday, reaching $115.19. The company had a trading volume of 49,158 shares. RBC Bearings has a one year low of $67.99 and a one year high of $116.88. The company has a 50-day moving average price of $106.60 and a 200 day moving average price of $100.70. The company has a market capitalization of $2.74 billion, a P/E ratio of 37.01 and a beta of 1.30.
RBC Bearings Company Profile
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.
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