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.

COPYRIGHT VIOLATION NOTICE: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/11/03/rbc-bearings-incorporated-roll-issues-quarterly-earnings-results.html.

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.

Earnings History for RBC Bearings (NASDAQ:ROLL)

Receive News & Ratings for RBC Bearings Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.