RBC Bearings Incorporated (NASDAQ:ROLL) – Investment analysts at KeyCorp raised their FY2018 earnings estimates for RBC Bearings in a research note issued on Tuesday. KeyCorp analyst S. Barger now anticipates that the industrial products company will post earnings of $3.92 per share for the year, up from their previous estimate of $3.80. KeyCorp also issued estimates for RBC Bearings’ FY2020 earnings at $5.19 EPS.

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.19. The business had revenue of $166.86 million during the quarter, compared to analysts’ expectations of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share.

A number of other equities research analysts have also recently commented on the stock. BidaskClub cut shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a report on Friday, February 2nd. Drexel Hamilton began coverage on shares of RBC Bearings in a report on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective for the company. ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, CL King began coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $141.00.

RBC Bearings (ROLL) traded up $2.14 during trading hours on Thursday, reaching $118.39. 84,145 shares of the company’s stock were exchanged, compared to its average volume of 96,952. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.65 and a quick ratio of 1.64. The firm has a market capitalization of $2,823.65, a PE ratio of 35.03, a price-to-earnings-growth ratio of 5.11 and a beta of 1.29. RBC Bearings has a 1-year low of $88.70 and a 1-year high of $139.95.

In related news, VP Thomas C. Crainer sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $120.76, for a total transaction of $1,811,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Hartnett sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $128.79, for a total transaction of $450,765.00. The disclosure for this sale can be found here. Insiders have sold 27,487 shares of company stock valued at $3,417,257 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROLL. Wasatch Advisors Inc. lifted its position in shares of RBC Bearings by 131.3% during the second quarter. Wasatch Advisors Inc. now owns 858,702 shares of the industrial products company’s stock valued at $87,382,000 after purchasing an additional 487,495 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of RBC Bearings by 56.1% during the second quarter. Janus Henderson Group PLC now owns 492,837 shares of the industrial products company’s stock valued at $50,151,000 after purchasing an additional 177,117 shares in the last quarter. BlackRock Inc. lifted its position in shares of RBC Bearings by 3.8% during the fourth quarter. BlackRock Inc. now owns 2,066,687 shares of the industrial products company’s stock valued at $261,229,000 after purchasing an additional 76,161 shares in the last quarter. Port Capital LLC bought a new position in shares of RBC Bearings during the fourth quarter valued at about $9,544,000. Finally, Bradley Foster & Sargent Inc. CT lifted its position in shares of RBC Bearings by 48.5% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 183,242 shares of the industrial products company’s stock valued at $22,933,000 after purchasing an additional 59,857 shares in the last quarter. 98.98% of the stock is currently owned by institutional investors.

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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.

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

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