RBC Bearings Incorporated (NASDAQ:ROLL) Expected to Announce Earnings of $1.24 Per Share

Brokerages predict that RBC Bearings Incorporated (NASDAQ:ROLL) will report earnings of $1.24 per share for the current quarter, according to Zacks. Three analysts have made estimates for RBC Bearings’ earnings, with the highest EPS estimate coming in at $1.28 and the lowest estimate coming in at $1.20. RBC Bearings posted earnings of $1.15 per share during the same quarter last year, which would suggest a positive year over year growth rate of 7.8%. The firm is expected to announce its next earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that RBC Bearings will report full-year earnings of $5.20 per share for the current fiscal year, with EPS estimates ranging from $5.00 to $5.35. For the next fiscal year, analysts expect that the business will report earnings of $5.71 per share, with EPS estimates ranging from $5.50 to $6.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. The business had revenue of $181.91 million for the quarter, compared to the consensus estimate of $180.93 million. RBC Bearings had a net margin of 15.23% and a return on equity of 12.61%. RBC Bearings’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 EPS.

Several analysts recently issued reports on ROLL shares. BidaskClub raised shares of RBC Bearings from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Bank of America downgraded RBC Bearings from a “neutral” rating to an “underperform” rating and set a $165.00 price target on the stock. in a research report on Thursday, November 14th. Finally, ValuEngine lowered RBC Bearings from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $151.00.

In related news, CEO Michael J. Hartnett sold 2,789 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $160.00, for a total value of $446,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan B. Levine sold 1,250 shares of RBC Bearings stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $163.00, for a total value of $203,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,239 shares of company stock worth $682,766. Company insiders own 3.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROLL. Tower Research Capital LLC TRC bought a new position in RBC Bearings in the third quarter worth $31,000. Kavar Capital Partners LLC bought a new stake in RBC Bearings in the second quarter valued at about $32,000. Quest Capital Management Inc. ADV acquired a new position in RBC Bearings in the third quarter worth about $52,000. Squar Milner Financial Services LLC raised its position in RBC Bearings by 529.6% in the third quarter. Squar Milner Financial Services LLC now owns 447 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 376 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in RBC Bearings by 27.0% in the second quarter. Parallel Advisors LLC now owns 1,204 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 256 shares in the last quarter. Institutional investors and hedge funds own 98.68% of the company’s stock.

Shares of ROLL stock traded down $0.56 during trading on Monday, reaching $164.69. The company had a trading volume of 53,156 shares, compared to its average volume of 99,620. RBC Bearings has a one year low of $123.50 and a one year high of $171.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.14 and a quick ratio of 1.73. The firm’s 50 day simple moving average is $163.05 and its two-hundred day simple moving average is $159.44. The company has a market capitalization of $4.13 billion, a PE ratio of 34.03, a PEG ratio of 5.41 and a beta of 1.18.

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

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