RBC Bearings Incorporated Expected to Earn Q4 2018 Earnings of $1.12 Per Share (ROLL)

RBC Bearings Incorporated (NASDAQ:ROLL) – Equities research analysts at KeyCorp issued their Q4 2018 earnings estimates for shares of RBC Bearings in a research report issued to clients and investors on Tuesday. KeyCorp analyst S. Barger anticipates that the industrial products company will post earnings of $1.12 per share for the quarter. KeyCorp also issued estimates for RBC Bearings’ Q1 2019 earnings at $1.07 EPS, Q2 2019 earnings at $1.09 EPS, Q3 2019 earnings at $1.14 EPS, Q4 2019 earnings at $1.31 EPS and FY2019 earnings at $4.60 EPS.

RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.19. The business had revenue of $166.86 million for the quarter, compared to the consensus estimate of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS.

ROLL has been the topic of a number of other reports. Bank of America upped their target price on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Drexel Hamilton began coverage on shares of RBC Bearings in a research note on Thursday, December 21st. They issued a “buy” rating and a $140.00 target price on the stock. Zacks Investment Research downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub downgraded shares of RBC Bearings from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Finally, ValuEngine downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $141.00.

Shares of RBC Bearings (ROLL) traded up $0.32 during mid-day trading on Friday, reaching $116.57. 55,259 shares of the company’s stock were exchanged, compared to its average volume of 90,965. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.65 and a quick ratio of 1.64. The company has a market cap of $2,916.68, a P/E ratio of 34.91, a P/E/G ratio of 5.35 and a beta of 1.29. RBC Bearings has a twelve month low of $88.70 and a twelve month high of $139.95.

In related news, CEO Michael J. Hartnett sold 3,500 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $128.79, for a total transaction of $450,765.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas C. Crainer sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $120.76, for a total transaction of $1,811,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,487 shares of company stock worth $3,417,257. Insiders own 3.70% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in RBC Bearings by 1.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,287,621 shares of the industrial products company’s stock valued at $286,296,000 after acquiring an additional 29,134 shares during the last quarter. Vanguard Group Inc. lifted its position in RBC Bearings by 0.7% during the second quarter. Vanguard Group Inc. now owns 1,817,613 shares of the industrial products company’s stock valued at $184,960,000 after acquiring an additional 12,863 shares during the last quarter. Wasatch Advisors Inc. lifted its position in RBC Bearings by 20.4% during the fourth quarter. Wasatch Advisors Inc. now owns 1,198,672 shares of the industrial products company’s stock valued at $151,512,000 after acquiring an additional 203,366 shares during the last quarter. Wells Fargo & Company MN lifted its position in RBC Bearings by 3.0% during the fourth quarter. Wells Fargo & Company MN now owns 647,973 shares of the industrial products company’s stock valued at $81,904,000 after acquiring an additional 18,871 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in RBC Bearings by 56.1% during the second quarter. Janus Henderson Group PLC now owns 492,837 shares of the industrial products company’s stock valued at $50,151,000 after acquiring an additional 177,117 shares during the last quarter. 98.98% of the stock is owned by institutional investors.

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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.

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

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