RBC Bearings (RBC) Set to Announce Quarterly Earnings on Friday

RBC Bearings (NYSE:RBC) will post its quarterly earnings results before the market opens on Friday, May 17th. Analysts expect RBC Bearings to post earnings of $2.25 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

RBC Bearings (NYSE:RBC) last issued its quarterly earnings data on Thursday, February 8th. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.08). The business had revenue of $373.91 million during the quarter, compared to the consensus estimate of $376.61 million. RBC Bearings had a net margin of 12.81% and a return on equity of 9.64%. On average, analysts expect RBC Bearings to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

RBC Bearings Trading Up 1.4 %

RBC stock opened at $268.15 on Friday. The company has a market cap of $7.56 billion, a P/E ratio of 44.84, a PEG ratio of 4.76 and a beta of 1.46. RBC Bearings has a twelve month low of $195.18 and a twelve month high of $288.16. The company has a quick ratio of 1.12, a current ratio of 3.28 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $259.63 and a 200-day moving average of $259.76.

Insider Transactions at RBC Bearings

In related news, COO Daniel A. Bergeron sold 15,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $267.22, for a total value of $4,008,300.00. Following the completion of the sale, the chief operating officer now owns 121,935 shares in the company, valued at $32,583,470.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Citigroup boosted their target price on RBC Bearings from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, RBC Bearings presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.86.

RBC Bearings Company Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.