$1.07 EPS Expected for RBC Bearings Incorporated (NASDAQ:ROLL) This Quarter

Analysts predict that RBC Bearings Incorporated (NASDAQ:ROLL – Get Rating) will report earnings per share of $1.07 for the current quarter, Zacks reports. Four analysts have made estimates for RBC Bearings’ earnings. The highest EPS estimate is $1.12 and the lowest is $0.98. RBC Bearings posted earnings of $1.08 per share in the same quarter last year, which would suggest a negative year over year growth rate of 0.9%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that RBC Bearings will report full year earnings of $3.70 per share for the current fiscal year, with EPS estimates ranging from $3.60 to $3.75. For the next fiscal year, analysts forecast that the firm will post earnings of $5.48 per share, with EPS estimates ranging from $4.60 to $6.35. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for RBC Bearings.

RBC Bearings (NASDAQ:ROLL – Get Rating) last announced its earnings results on Thursday, February 10th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04. The company had revenue of $266.95 million for the quarter, compared to analyst estimates of $253.69 million. RBC Bearings had a return on equity of 5.76% and a net margin of 7.77%. The firm’s quarterly revenue was up 83.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share.

ROLL has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on RBC Bearings in a research note on Friday, March 11th. They set an “overweight” rating and a $235.00 target price on the stock. Bank of America began coverage on RBC Bearings in a research report on Thursday, February 17th. They set a “buy” rating on the stock. StockNews.com raised RBC Bearings from a “sell” rating to a “hold” rating in a research report on Friday, April 8th. The Goldman Sachs Group began coverage on RBC Bearings in a research report on Monday, December 20th. They set a “neutral” rating and a $217.00 price target on the stock. Finally, Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $186.00 price target on the stock in a research report on Monday, February 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $227.00.

In other RBC Bearings news, VP Patrick S. Bannon sold 6,306 shares of the firm’s stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $180.07, for a total value of $1,135,521.42. Following the sale, the vice president now owns 12,591 shares of the company’s stock, valued at approximately $2,267,261.37. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC lifted its stake in shares of RBC Bearings by 588.9% in the 3rd quarter. Clearstead Advisors LLC now owns 124 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 106 shares during the last quarter. CWM LLC bought a new position in shares of RBC Bearings in the 4th quarter valued at $30,000. Spire Wealth Management bought a new position in shares of RBC Bearings in the 4th quarter valued at $36,000. MUFG Americas Holdings Corp lifted its stake in shares of RBC Bearings by 185.7% in the 4th quarter. MUFG Americas Holdings Corp now owns 180 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 117 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new position in shares of RBC Bearings in the 3rd quarter valued at $59,000.

Shares of NASDAQ ROLL opened at $180.66 on Friday. The firm has a market cap of $5.22 billion, a P/E ratio of 87.28 and a beta of 1.34. The company has a current ratio of 2.88, a quick ratio of 1.39 and a debt-to-equity ratio of 0.74. RBC Bearings has a 1-year low of $165.99 and a 1-year high of $250.52. The business’s 50 day moving average is $188.77 and its 200-day moving average is $201.45.

RBC Bearings Company Profile (Get Rating)

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates through 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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