RBC Bearings Incorporated (ROLL) Issues Quarterly Earnings Results
RBC Bearings Incorporated (NASDAQ:ROLL) posted its quarterly earnings results on Friday. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02), Bloomberg Earnings reports. RBC Bearings had a return on equity of 11.25% and a net margin of 11.91%. The firm had revenue of $164.30 million for the quarter, compared to analyst estimates of $164.56 million. During the same quarter last year, the firm earned $0.78 EPS. The company’s revenue was up 6.8% on a year-over-year basis.
Shares of RBC Bearings (ROLL) traded down $0.62 during trading on Friday, hitting $123.33. 86,077 shares of the stock traded hands, compared to its average volume of 64,856. The firm has a market cap of $3,047.34, a price-to-earnings ratio of 38.34 and a beta of 1.34.
Several research firms have commented on ROLL. Zacks Investment Research cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. 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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