Wall Street brokerages predict that RBC Bearings Incorporated (NASDAQ:ROLL) will post $174.26 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for RBC Bearings’ earnings, with estimates ranging from $173.90 million to $174.78 million. RBC Bearings reported sales of $164.32 million in the same quarter last year, which would suggest a positive year over year growth rate of 6%. The company is expected to report its next earnings report on Friday, November 2nd.

On average, analysts expect that RBC Bearings will report full-year sales of $726.67 million for the current financial year, with estimates ranging from $719.63 million to $737.17 million. For the next financial year, analysts anticipate that the business will post sales of $807.34 million per share, with estimates ranging from $786.75 million to $829.98 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Thursday, August 2nd. The industrial products company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.10. The business had revenue of $176.00 million during the quarter, compared to analyst estimates of $174.32 million. RBC Bearings had a return on equity of 12.29% and a net margin of 13.51%. RBC Bearings’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share.

Several research firms have issued reports on ROLL. BidaskClub upgraded RBC Bearings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 11th. Zacks Investment Research lowered RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. Royal Bank of Canada reiterated a “sell” rating on shares of RBC Bearings in a research note on Thursday, August 9th. SunTrust Banks began coverage on RBC Bearings in a research note on Wednesday, June 20th. They set a “hold” rating and a $133.00 price objective for the company. Finally, William Blair reiterated an “outperform” rating on shares of RBC Bearings in a research note on Thursday, May 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $142.80.

Shares of NASDAQ ROLL opened at $152.22 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.79 and a quick ratio of 2.12. RBC Bearings has a one year low of $111.61 and a one year high of $156.43. The firm has a market capitalization of $3.71 billion, a P/E ratio of 39.33, a PEG ratio of 5.43 and a beta of 1.50.

In other news, VP Richard J. Edwards sold 20,130 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $139.31, for a total transaction of $2,804,310.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael J. Hartnett sold 3,600 shares of the stock in a transaction on Friday, June 29th. The stock was sold at an average price of $129.66, for a total value of $466,776.00. The disclosure for this sale can be found here. Insiders have sold 263,322 shares of company stock valued at $37,506,200 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of RBC Bearings by 31.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,628 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 391 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in RBC Bearings by 31.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,435 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 578 shares during the last quarter. Ramsey Quantitative Systems bought a new position in RBC Bearings in the second quarter valued at about $319,000. Guggenheim Capital LLC boosted its holdings in RBC Bearings by 34.7% in the first quarter. Guggenheim Capital LLC now owns 2,945 shares of the industrial products company’s stock valued at $366,000 after acquiring an additional 758 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in RBC Bearings by 15.9% in the second quarter. Victory Capital Management Inc. now owns 3,038 shares of the industrial products company’s stock valued at $391,000 after acquiring an additional 417 shares during the last quarter. Institutional investors own 96.56% of the company’s stock.

About RBC Bearings

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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