Wall Street brokerages expect RBC Bearings Incorporated (NASDAQ:ROLL) to report earnings of $1.14 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for RBC Bearings’ earnings, with the lowest EPS estimate coming in at $1.07 and the highest estimate coming in at $1.20. RBC Bearings posted earnings of $1.05 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.6%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that RBC Bearings will report full year earnings of $4.83 per share for the current financial year, with EPS estimates ranging from $4.65 to $4.95. For the next financial year, analysts forecast that the firm will report earnings of $5.43 per share, with EPS estimates ranging from $5.15 to $5.85. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for RBC Bearings.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Friday, November 2nd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. RBC Bearings had a net margin of 15.54% and a return on equity of 12.94%. The company had revenue of $172.92 million for the quarter, compared to the consensus estimate of $174.30 million. During the same quarter last year, the firm posted $0.83 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year.
ROLL has been the topic of a number of recent analyst reports. BidaskClub upgraded RBC Bearings from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Zacks Investment Research reissued a “buy” rating and issued a $182.00 price objective on shares of RBC Bearings in a research note on Thursday, November 15th. ValuEngine downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America downgraded RBC Bearings from a “buy” rating to a “neutral” rating and set a $165.00 price objective for the company. in a research note on Wednesday, November 14th. They noted that the move was a valuation call. Finally, William Blair reissued an “outperform” rating on shares of RBC Bearings in a research note on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $155.00.
Shares of NASDAQ:ROLL traded down $4.91 during midday trading on Friday, reaching $137.02. 98,334 shares of the company’s stock traded hands, compared to its average volume of 74,287. RBC Bearings has a 1 year low of $111.61 and a 1 year high of $169.84. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 5.01 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.71 and a quick ratio of 2.13.
In other news, Director Alan B. Levine sold 1,084 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $150.00, for a total transaction of $162,600.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael J. Hartnett sold 31,523 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $153.61, for a total value of $4,842,248.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,743 shares of company stock valued at $19,451,840. 3.10% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in shares of RBC Bearings by 280.0% in the third quarter. Parallel Advisors LLC now owns 741 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 546 shares during the period. Quantbot Technologies LP acquired a new position in shares of RBC Bearings in the third quarter valued at approximately $120,000. Synovus Financial Corp increased its holdings in shares of RBC Bearings by 164.0% in the third quarter. Synovus Financial Corp now owns 940 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 584 shares during the period. Rehmann Capital Advisory Group increased its holdings in shares of RBC Bearings by 14,935.9% in the third quarter. Rehmann Capital Advisory Group now owns 31,425 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 31,216 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of RBC Bearings by 31.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,628 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 391 shares during the period. 97.17% of the stock is currently owned by institutional investors and hedge funds.
RBC Bearings Company Profile
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.
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