RBC Bearings Incorporated (ROLL) to Release Quarterly Earnings on Wednesday
RBC Bearings Incorporated (NASDAQ:ROLL) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.85 per share for the quarter.
RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. RBC Bearings had a net margin of 11.91% and a return on equity of 11.25%. The company had revenue of $163.90 million during the quarter, compared to analysts’ expectations of $160.42 million. During the same period last year, the company posted $0.77 EPS. RBC Bearings’s revenue was up 6.0% on a year-over-year basis. On average, analysts expect RBC Bearings to post $3.66 EPS for the current fiscal year and $4.13 EPS for the next fiscal year.
RBC Bearings Incorporated (NASDAQ ROLL) opened at 126.70 on Wednesday. The company’s 50-day moving average is $121.27 and its 200-day moving average is $107.36. RBC Bearings Incorporated has a 12 month low of $67.99 and a 12 month high of $135.54. The stock has a market capitalization of $3.02 billion, a PE ratio of 40.71 and a beta of 1.32.
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Several research firms have recently issued reports on ROLL. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a report on Thursday, August 10th. BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th.
About RBC Bearings
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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