RBC Bearings (ROLL) Given News Sentiment Rating of 0.14
Media headlines about RBC Bearings (NASDAQ:ROLL) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. RBC Bearings earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 47.4837435893394 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- RBC Bearings Inc (finance.yahoo.com)
- IHS Markit Score upgrades RBC Bearings Inc to 49 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- KeyCorp Research Analysts Boost Earnings Estimates for RBC Bearings Incorporated (NASDAQ:ROLL) (americanbankingnews.com)
- IHS Markit Score downgrades RBC Bearings Inc to 28 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- RBC Bearings (ROLL) Poised to Grow on Robust Growth Drivers (finance.yahoo.com)
A number of equities research analysts recently weighed in on ROLL shares. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Friday, June 2nd. BidaskClub downgraded RBC Bearings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.
Shares of RBC Bearings (NASDAQ:ROLL) traded down 0.78% during midday trading on Friday, reaching $104.48. The company had a trading volume of 61,155 shares. The company’s 50 day moving average price is $103.30 and its 200-day moving average price is $98.43. The company has a market capitalization of $2.49 billion, a P/E ratio of 33.57 and a beta of 1.30. RBC Bearings has a 52 week low of $67.99 and a 52 week high of $111.04.
RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.09. RBC Bearings had a return on equity of 11.25% and a net margin of 11.91%. The company had revenue of $163.90 million for the quarter, compared to the consensus estimate of $160.42 million. During the same quarter in the prior year, the business earned $0.77 EPS. RBC Bearings’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts predict that RBC Bearings will post $3.63 earnings per share for the current fiscal year.
In other RBC Bearings news, Director Richard R. Crowell sold 2,300 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $106.19, for a total transaction of $244,237.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael J. Hartnett sold 25,802 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $106.64, for a total value of $2,751,525.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,425 shares of company stock worth $14,249,574. 3.70% of the stock is owned by company insiders.
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RBC Bearings Company Profile
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.
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