$1.19 EPS Expected for RBC Bearings Incorporated (NASDAQ:ROLL) This Quarter

Equities analysts expect that RBC Bearings Incorporated (NASDAQ:ROLL) will post earnings per share of $1.19 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for RBC Bearings’ earnings. The highest EPS estimate is $1.22 and the lowest is $1.18. RBC Bearings reported earnings of $1.15 per share in the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The firm is scheduled to report its next earnings results before the market opens on Thursday, August 1st.

According to Zacks, analysts expect that RBC Bearings will report full year earnings of $5.31 per share for the current year, with EPS estimates ranging from $5.15 to $5.45. For the next year, analysts anticipate that the company will post earnings of $5.95 per share, with EPS estimates ranging from $5.70 to $6.30. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Thursday, August 1st. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. RBC Bearings had a return on equity of 13.01% and a net margin of 14.97%. The business had revenue of $182.69 million during the quarter, compared to analysts’ expectations of $183.13 million. During the same period in the prior year, the business earned $1.15 EPS. RBC Bearings’s revenue for the quarter was up 3.8% compared to the same quarter last year.

A number of analysts recently issued reports on ROLL shares. BidaskClub cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Zacks Investment Research raised RBC Bearings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. SunTrust Banks raised their price target on shares of RBC Bearings to $137.00 and gave the stock a “hold” rating in a research note on Friday, May 24th. William Blair reaffirmed an “outperform” rating on shares of RBC Bearings in a research note on Friday, May 24th. Finally, ValuEngine raised shares of RBC Bearings from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $161.33.

NASDAQ ROLL traded up $1.69 during trading hours on Thursday, reaching $164.38. 2,365 shares of the company’s stock were exchanged, compared to its average volume of 78,679. The business’s 50-day moving average price is $161.83. RBC Bearings has a one year low of $123.50 and a one year high of $171.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.58 and a quick ratio of 1.87. The firm has a market capitalization of $4.03 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 5.20 and a beta of 1.30.

In other news, Director Alan B. Levine sold 500 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $151.65, for a total value of $75,825.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Patrick S. Bannon sold 1,693 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total value of $248,871.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,300 shares of company stock valued at $3,300,870 over the last ninety days. Company insiders own 3.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROLL. Prudential Financial Inc. boosted its holdings in shares of RBC Bearings by 19.8% in the 4th quarter. Prudential Financial Inc. now owns 3,233 shares of the industrial products company’s stock valued at $424,000 after buying an additional 535 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of RBC Bearings in the 4th quarter valued at approximately $232,000. Bank of New York Mellon Corp boosted its holdings in shares of RBC Bearings by 4.4% in the 4th quarter. Bank of New York Mellon Corp now owns 175,797 shares of the industrial products company’s stock valued at $23,046,000 after buying an additional 7,484 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of RBC Bearings by 4.7% in the 4th quarter. Hsbc Holdings PLC now owns 4,960 shares of the industrial products company’s stock valued at $651,000 after buying an additional 221 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of RBC Bearings by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 570,808 shares of the industrial products company’s stock valued at $74,833,000 after buying an additional 11,258 shares during the last quarter. 97.88% of the stock is owned by institutional investors.

RBC Bearings Company Profile

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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Earnings History and Estimates for RBC Bearings (NASDAQ:ROLL)

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