RBC Bearings Incorporated (ROLL) Set to Announce Earnings on Wednesday
Resource from: Zolmax News Likes:235
Feb 02,2016
RBC Bearings Incorporated (NASDAQ:ROLL) will release its Q316 earnings data on Wednesday, February 3rd. Analysts expect RBC Bearings to post earnings of $0.72 per share and revenue of $144.99 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
RBC Bearings (NASDAQ:ROLL) last released its earnings results on Thursday, November 5th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.04. The business had revenue of $148.70 million for the quarter, compared to analyst estimates of $154.23 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, analysts expect RBC Bearings to post $3.19 EPS for the current fiscal year and $3.55 EPS for the next fiscal year.
In other RBC Bearings news, CFO Daniel A. Bergeron sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 19th. The shares were sold at an average price of $67.71, for a total value of $1,354,200.00. Following the transaction, the chief financial officer now owns 28,770 shares of the company’s stock, valued at $1,948,016.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Richard J. Edwards sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $70.29, for a total transaction of $1,686,960.00. Following the completion of the transaction, the vice president now directly owns 19,597 shares in the company, valued at approximately $1,377,473.13. The disclosure for this sale can be found here.
A number of research firms have weighed in on ROLL. Global Hunter Securities cut shares of RBC Bearings to a “buy” rating in a research report on Sunday, November 8th. Seaport Global Securities cut shares of RBC Bearings from a “buy” rating to an “accumulate” rating and set a $69.00 price objective for the company. in a research report on Friday, November 6th. Zacks Investment Research cut shares of RBC Bearings from a “hold” rating to a “sell” rating in a research report on Thursday, November 26th. Finally, Avondale Partners reaffirmed a “market outperform” rating on shares of RBC Bearings in a research report on Thursday, October 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. RBC Bearings currently has a consensus rating of “Buy” and a consensus price target of $71.75.
RBC Bearings Incorporated (NASDAQ:ROLL) opened at 59.33 on Monday. RBC Bearings Incorporated has a 52-week low of $54.38 and a 52-week high of $77.86. The firm has a market cap of $1.38 billion and a PE ratio of 24.42. The firm’s 50-day moving average price is $61.66 and its 200 day moving average price is $64.52.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision components and bearings. The Company manufactures roller bearing components and assembled parts and designs and manufactures high-precision roller and ball bearings. The Company operates in four business segments: plain bearings, roller bearings, ball bearings and Other. The Company’s plain bearings segment consists of several sub-classes, including rod end bearings, spherical plain bearings and journal bearings. The Company’s roller bearings segment manufactures four types of roller bearings: heavy duty needle roller bearings with inner rings, tapered roller bearings, track rollers and aircraft roller bearings. The Company’s ball bearings segment manufactures four types of ball bearings: high precision aerospace, airframe control, thin section and commercial ball bearings. The Company’s Other segment consists primarily of precision mechanical components and machine tool collets.
(Zolmax News)
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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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