Equities research analysts predict that RBC Bearings Incorporated (NASDAQ:ROLL) will report earnings per share of $0.85 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for RBC Bearings’ earnings, with the highest EPS estimate coming in at $0.88 and the lowest estimate coming in at $0.80. RBC Bearings posted earnings per share of $0.78 in the same quarter last year, which suggests a positive year over year growth rate of 9%. The company is expected to announce its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that RBC Bearings will report full-year earnings of $3.66 per share for the current fiscal year, with EPS estimates ranging from $3.48 to $3.85. For the next year, analysts expect that the company will report earnings of $4.13 per share, with EPS estimates ranging from $3.93 to $4.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow RBC Bearings.
RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Tuesday, August 8th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.09. RBC Bearings had a net margin of 11.91% and a return on equity of 11.25%. The company had revenue of $163.90 million for the quarter, compared to analyst estimates of $160.42 million. During the same quarter last year, the firm earned $0.77 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered RBC Bearings from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded RBC Bearings from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th.
In related news, Director Richard R. Crowell sold 2,300 shares of RBC Bearings stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $106.19, for a total transaction of $244,237.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas M. Burigo sold 10,000 shares of RBC Bearings stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $104.95, for a total value of $1,049,500.00. The disclosure for this sale can be found here. Insiders have sold 135,425 shares of company stock worth $14,249,574 over the last 90 days. 3.70% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. Strs Ohio raised its stake in RBC Bearings by 71.4% in the second quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock valued at $122,000 after buying an additional 500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in RBC Bearings by 106.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,237 shares of the industrial products company’s stock valued at $126,000 after buying an additional 637 shares in the last quarter. Victory Capital Management Inc. raised its stake in RBC Bearings by 6.3% in the first quarter. Victory Capital Management Inc. now owns 1,722 shares of the industrial products company’s stock valued at $167,000 after buying an additional 102 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in RBC Bearings during the first quarter valued at $190,000. Finally, LLBH Private Wealth Management LLC purchased a new stake in RBC Bearings during the second quarter valued at $254,000.
RBC Bearings (NASDAQ:ROLL) opened at 107.68 on Friday. The company’s 50-day moving average is $104.72 and its 200 day moving average is $99.41. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 34.60 and a beta of 1.30. RBC Bearings has a 1-year low of $67.99 and a 1-year high of $111.04.
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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