Somewhat Favorable Press Coverage Somewhat Unlikely to Affect RBC Bearings (ROLL) Share Price
A number of brokerages have recently issued reports on ROLL. Bank of America raised their price objective on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded RBC Bearings from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Tuesday, September 26th. Drexel Hamilton began coverage on RBC Bearings in a research report on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective for the company. BidaskClub downgraded RBC Bearings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Finally, ValuEngine downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $139.50.
RBC Bearings (NASDAQ:ROLL) opened at $125.62 on Friday. RBC Bearings has a 1 year low of $87.61 and a 1 year high of $139.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 4.68. The stock has a market capitalization of $3,060.96, a PE ratio of 42.58, a PEG ratio of 5.93 and a beta of 1.35.
RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data on Friday, November 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of $164.56 million. During the same quarter last year, the business earned $0.78 earnings per share. RBC Bearings’s revenue was up 6.8% compared to the same quarter last year. research analysts predict that RBC Bearings will post 3.63 EPS for the current fiscal year.
In other RBC Bearings news, VP Richard J. Edwards sold 10,000 shares of RBC Bearings stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas C. Crainer sold 15,000 shares of RBC Bearings stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $120.76, for a total value of $1,811,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,487 shares of company stock valued at $4,632,657. 3.70% of the stock is currently owned by corporate insiders.
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