RBC Bearings Incorporated (ROLL) Expected to Announce Earnings of $0.86 Per Share

Analysts expect RBC Bearings Incorporated (NASDAQ:ROLL) to post $0.86 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for RBC Bearings’ earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $0.87. RBC Bearings posted earnings of $0.73 per share during the same quarter last year, which suggests a positive year over year growth rate of 17.8%. The business is scheduled to report its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that RBC Bearings will report full year earnings of $3.68 per share for the current year, with EPS estimates ranging from $3.63 to $3.75. For the next financial year, analysts anticipate that the business will report earnings of $4.21 per share, with EPS estimates ranging from $4.07 to $4.45. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The business had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $164.56 million. During the same period in the previous year, the company posted $0.78 earnings per share. RBC Bearings’s quarterly revenue was up 6.8% on a year-over-year basis.

ROLL has been the subject of a number of research reports. Zacks Investment Research cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Bank of America upped their target price on shares of RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. CL King initiated coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They issued a “buy” rating and a $142.00 target price for the company. ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub cut shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $140.75.

In related news, VP Richard J. Edwards sold 10,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $121.54, for a total transaction of $1,215,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael J. Hartnett sold 500 shares of the stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $128.00, for a total transaction of $64,000.00. The disclosure for this sale can be found here. Insiders have sold 37,487 shares of company stock valued at $4,632,657 over the last three months. 3.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ROLL. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in RBC Bearings by 106.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,237 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 637 shares in the last quarter. SG Americas Securities LLC purchased a new position in RBC Bearings during the third quarter worth about $189,000. Victory Capital Management Inc. raised its holdings in RBC Bearings by 17.5% during the second quarter. Victory Capital Management Inc. now owns 2,024 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 302 shares in the last quarter. Comerica Bank purchased a new position in RBC Bearings during the third quarter worth about $230,000. Finally, Strs Ohio raised its holdings in RBC Bearings by 58.3% during the third quarter. Strs Ohio now owns 1,900 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 700 shares in the last quarter. 97.89% of the stock is owned by hedge funds and other institutional investors.

Shares of RBC Bearings (NASDAQ:ROLL) opened at $129.64 on Friday. RBC Bearings has a 1-year low of $88.70 and a 1-year high of $139.95. The company has a quick ratio of 1.64, a current ratio of 4.68 and a debt-to-equity ratio of 0.26. The company has a market cap of $3,061.44, a PE ratio of 43.95, a PEG ratio of 5.85 and a beta of 1.35.

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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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Earnings History and Estimates for RBC Bearings (NASDAQ:ROLL)

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