RBC Bearings General Counsel Thomas J. Williams Sells 3,000 Shares
Resource from: Ticker Report Likes:219
Sep 06,2015
RBC Bearings (NASDAQ:ROLL) General Counsel Thomas J. Williams sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $59.82, for a total transaction of $179,460.00. Following the completion of the sale, the general counsel now owns 5,699 shares in the company, valued at approximately $340,914.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
RBC Bearings (NASDAQ:ROLL) traded down 1.30% during midday trading on Friday, hitting $58.46. 96,506 shares of the stock traded hands. RBC Bearings has a 12 month low of $51.96 and a 12 month high of $77.86. The firm has a market cap of $1.35 billion and a PE ratio of 24.67. The company’s 50 day moving average price is $65.85 and its 200 day moving average price is $69.26.
RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.04. During the same quarter in the previous year, the firm posted $0.69 EPS. The business had revenue of $142.30 million for the quarter, compared to analysts’ expectations of $142.96 million. RBC Bearings’s revenue was up 25.9% on a year-over-year basis. Equities research analysts predict that RBC Bearings will post $3.27 earnings per share for the current fiscal year.
Separately, Zacks cut shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. RBC Bearings presently has a consensus rating of “Hold” and an average target price of $73.60.
RBC Bearings, is an international manufacturer and marketer of engineered precision plain, roller and ball bearings. The Company focuses on technical or regulated bearing products for specialized markets, which require design, testing and manufacturing capabilities. The Company operates in four product segments: Plain Bearings; Roller Bearings; Ball Bearings; and Other. As of March 31, 2014, the Company had 29 facilities of which 26 are manufacturing facilities in four countries. It serves a range of end markets and classifies its customers into two principal categories: diversified industrial and aerospace and defense. In March 2013, it acquired Western Precision Aero LLC. In August 2013, the Company announced that it has acquired Climax Metal Products Company. In October 2013, the Company announced that it has acquired the net assets and business of Turbine Components Inc.
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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