News headlines about RBC Bearings (NASDAQ:ROLL) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. RBC Bearings earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.361108910126 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of RBC Bearings (NASDAQ ROLL) opened at 126.59 on Wednesday. RBC Bearings has a 52 week low of $67.99 and a 52 week high of $135.54. The firm has a market capitalization of $3.01 billion, a P/E ratio of 40.68 and a beta of 1.32. The stock has a 50 day moving average price of $116.52 and a 200 day moving average price of $105.05.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.09. The business had revenue of $163.90 million for the quarter, compared to analysts’ expectations of $160.42 million. RBC Bearings had a net margin of 11.91% and a return on equity of 11.25%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. Analysts forecast that RBC Bearings will post $3.66 EPS for the current year.
Several analysts have recently commented on the company. Zacks Investment Research upgraded RBC Bearings from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Tuesday, September 26th. BidaskClub upgraded RBC Bearings from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th.
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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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