Analysts expect that RBC Bearings Incorporated (NASDAQ:ROLL) will announce sales of $179.97 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for RBC Bearings’ earnings, with estimates ranging from $179.00 million to $181.38 million. RBC Bearings posted sales of $179.88 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.1%. The company is scheduled to issue its next earnings results on Wednesday, May 29th.
On average, analysts expect that RBC Bearings will report full-year sales of $700.22 million for the current fiscal year, with estimates ranging from $699.30 million to $701.74 million. For the next financial year, analysts forecast that the company will report sales of $761.35 million, with estimates ranging from $745.67 million to $780.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow RBC Bearings.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. RBC Bearings had a net margin of 14.34% and a return on equity of 12.77%. The firm had revenue of $171.45 million for the quarter, compared to analysts’ expectations of $175.96 million. During the same period last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis.
In other news, Director Amir Faghri sold 2,500 shares of RBC Bearings stock in a transaction on Friday, March 29th. The shares were sold at an average price of $127.35, for a total transaction of $318,375.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Daniel A. Bergeron sold 20,000 shares of RBC Bearings stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $132.42, for a total transaction of $2,648,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock worth $3,282,250. Insiders own 3.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ROLL. JPMorgan Chase & Co. boosted its position in shares of RBC Bearings by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 1,162,644 shares of the industrial products company’s stock worth $174,816,000 after purchasing an additional 21,363 shares in the last quarter. FMR LLC bought a new position in shares of RBC Bearings during the third quarter worth $511,000. MetLife Investment Advisors LLC boosted its position in shares of RBC Bearings by 46.6% during the third quarter. MetLife Investment Advisors LLC now owns 15,818 shares of the industrial products company’s stock worth $2,378,000 after purchasing an additional 5,025 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of RBC Bearings by 3.0% during the third quarter. Teachers Advisors LLC now owns 46,182 shares of the industrial products company’s stock worth $6,944,000 after acquiring an additional 1,324 shares during the period. Finally, Rehmann Capital Advisory Group raised its holdings in shares of RBC Bearings by 14,935.9% during the third quarter. Rehmann Capital Advisory Group now owns 31,425 shares of the industrial products company’s stock worth $209,000 after acquiring an additional 31,216 shares during the period. 99.25% of the stock is currently owned by institutional investors.
Shares of ROLL stock opened at $134.92 on Friday. RBC Bearings has a 52-week low of $111.61 and a 52-week high of $169.84. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 34.86, a price-to-earnings-growth ratio of 4.32 and a beta of 1.34. The company has a current ratio of 6.44, a quick ratio of 2.50 and a debt-to-equity ratio of 0.12.
About RBC Bearings
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.
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