RBC Bearings (ROLL) Earns Daily News Impact Rating of 0.11

Media coverage about RBC Bearings (NASDAQ:ROLL) has been trending somewhat positive on Tuesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. RBC Bearings earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 44.8303849629612 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

A number of equities research analysts have issued reports on ROLL shares. Zacks Investment Research lowered shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. BidaskClub lowered shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Bank of America increased their target price on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. CL King started coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They set a “buy” rating and a $142.00 target price on the stock. Finally, Drexel Hamilton started coverage on shares of RBC Bearings in a report on Thursday, December 21st. They set a “buy” rating and a $140.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $140.75.

RBC Bearings (NASDAQ ROLL) traded down $2.05 during trading on Tuesday, reaching $128.65. 110,980 shares of the company’s stock were exchanged, compared to its average volume of 77,600. The firm has a market cap of $3,168.85, a price-to-earnings ratio of 43.61, a PEG ratio of 6.13 and a beta of 1.35. RBC Bearings has a 12 month low of $87.61 and a 12 month high of $139.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 4.68.

RBC Bearings (NASDAQ:ROLL) last released its earnings results on Friday, November 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. The business had revenue of $164.30 million for the quarter, compared to analyst estimates of $164.56 million. During the same quarter last year, the company earned $0.78 earnings per share. RBC Bearings’s quarterly revenue was up 6.8% compared to the same quarter last year. analysts predict that RBC Bearings will post 3.63 EPS for the current year.

In other news, VP Thomas C. Crainer sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $120.76, for a total value of $1,811,400.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael J. Hartnett sold 500 shares of the firm’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $128.00, for a total transaction of $64,000.00. The disclosure for this sale can be found here. Insiders sold a total of 37,487 shares of company stock worth $4,632,657 over the last 90 days. Company insiders own 3.70% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for RBC Bearings (NASDAQ:ROLL)

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