RBC Bearings (ROLL) Set to Announce Quarterly Earnings on Thursday

RBC Bearings (NASDAQ:ROLL) will be issuing its quarterly earnings data before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of $1.22 per share for the quarter.

NASDAQ:ROLL opened at $136.80 on Thursday. The company has a current ratio of 6.44, a quick ratio of 2.50 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 4.39 and a beta of 1.35. RBC Bearings has a 52 week low of $114.03 and a 52 week high of $169.84.

A number of equities research analysts have commented on ROLL shares. ValuEngine raised RBC Bearings from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Zacks Investment Research raised RBC Bearings from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Finally, BidaskClub cut RBC Bearings from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $160.00.

In other RBC Bearings news, Director Thomas J. Obrien sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $126.19, for a total transaction of $315,475.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.10% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: “RBC Bearings (ROLL) Set to Announce Quarterly Earnings on Thursday” was reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2019/05/16/rbc-bearings-roll-set-to-announce-quarterly-earnings-on-thursday.html.

About RBC Bearings

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.

See Also: What is a balanced fund?

Earnings History for RBC Bearings (NASDAQ:ROLL)

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

Leave a Reply