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.