Zacks: Analysts Anticipate RBC Bearings Incorporated (ROLL) to Post $0.86 EPS
Wall Street analysts expect that RBC Bearings Incorporated (NASDAQ:ROLL) will report $0.86 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for RBC Bearings’ earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.84. RBC Bearings reported earnings of $0.73 per share in the same quarter last year, which would indicate a positive year over year growth rate of 17.8%. The firm is scheduled to issue its next earnings results on Wednesday, February 14th.
On average, analysts expect that RBC Bearings will report full-year earnings of $3.63 per share for the current fiscal year, with EPS estimates ranging from $3.48 to $3.75. For the next fiscal year, analysts expect that the business will report earnings of $4.14 per share, with EPS estimates ranging from $3.93 to $4.45. Zacks’ EPS averages are an average based on a survey of analysts that follow RBC Bearings.
RBC Bearings (NASDAQ:ROLL) last released its earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. The company had revenue of $164.30 million during the quarter, compared to the consensus estimate of $164.56 million. During the same period last year, the firm posted $0.78 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year.
Several equities research analysts have commented on the company. Zacks Investment Research downgraded RBC Bearings from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Bank of America Corporation boosted their target price on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, BidaskClub raised RBC Bearings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th.
RBC Bearings (NASDAQ:ROLL) traded up $0.44 during trading on Friday, reaching $123.11. The company’s stock had a trading volume of 59,400 shares, compared to its average volume of 87,732. The company has a quick ratio of 1.64, a current ratio of 4.68 and a debt-to-equity ratio of 0.26. RBC Bearings has a twelve month low of $79.78 and a twelve month high of $135.54. The company has a market capitalization of $2,974.16, a P/E ratio of 36.40, a price-to-earnings-growth ratio of 5.76 and a beta of 1.34.
In other news, VP Richard J. Edwards sold 10,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $121.54, for a total value of $1,215,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of ROLL. BlackRock Inc. raised its stake in shares of RBC Bearings by 90,578.3% in the first quarter. BlackRock Inc. now owns 1,794,523 shares of the industrial products company’s stock worth $174,231,000 after purchasing an additional 1,792,544 shares during the last quarter. Wasatch Advisors Inc. raised its stake in shares of RBC Bearings by 131.3% in the second quarter. Wasatch Advisors Inc. now owns 858,702 shares of the industrial products company’s stock worth $87,382,000 after purchasing an additional 487,495 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of RBC Bearings by 56.1% in the second quarter. Janus Henderson Group PLC now owns 492,837 shares of the industrial products company’s stock worth $50,151,000 after purchasing an additional 177,117 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of RBC Bearings by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,804,750 shares of the industrial products company’s stock worth $175,223,000 after purchasing an additional 96,915 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of RBC Bearings by 311.9% in the second quarter. Russell Investments Group Ltd. now owns 88,067 shares of the industrial products company’s stock worth $8,962,000 after purchasing an additional 66,685 shares during the last quarter. Hedge funds and other institutional investors own 99.18% of the company’s stock.
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About RBC Bearings
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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