Brokers Set Expectations for RBC Bearings Incorporated’s Q1 2019 Earnings (NASDAQ:ROLL)
RBC Bearings Incorporated (NASDAQ:ROLL) – Equities research analysts at William Blair issued their Q1 2019 earnings estimates for RBC Bearings in a report issued on Thursday, May 31st, according to Zacks Investment Research. William Blair analyst N. Heymann anticipates that the industrial products company will earn $1.06 per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for RBC Bearings’ Q2 2019 earnings at $1.07 EPS, Q3 2019 earnings at $1.17 EPS, Q4 2019 earnings at $1.40 EPS, FY2019 earnings at $4.70 EPS and FY2020 earnings at $5.75 EPS.
RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Wednesday, May 30th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). RBC Bearings had a net margin of 12.91% and a return on equity of 11.96%. The firm had revenue of $179.90 million during the quarter, compared to analysts’ expectations of $175.57 million. During the same quarter in the previous year, the firm posted $0.90 EPS. RBC Bearings’s revenue was up 12.3% compared to the same quarter last year.
A number of other equities analysts have also recently issued reports on ROLL. BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Zacks Investment Research cut shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $141.00.
RBC Bearings opened at $130.92 on Friday, Marketbeat.com reports. RBC Bearings has a 12-month low of $98.55 and a 12-month high of $139.95. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 4.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 4.60.
In related news, insider Michael J. Hartnett sold 105,202 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $128.34, for a total transaction of $13,501,624.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael J. Hartnett sold 3,203 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $128.35, for a total transaction of $411,105.05. The disclosure for this sale can be found here. Insiders have sold 190,026 shares of company stock worth $24,462,382 in the last quarter. 3.70% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global X Management Co. LLC boosted its stake in RBC Bearings by 75.0% during the fourth quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 705 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in RBC Bearings by 58.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,857 shares of the industrial products company’s stock worth $231,000 after acquiring an additional 687 shares in the last quarter. Guggenheim Capital LLC bought a new stake in RBC Bearings during the fourth quarter worth about $276,000. SG Americas Securities LLC boosted its stake in RBC Bearings by 56.4% during the fourth quarter. SG Americas Securities LLC now owns 2,368 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 854 shares in the last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in RBC Bearings during the fourth quarter worth about $312,000. Institutional investors own 97.80% of the company’s stock.
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