Equities research analysts expect RBC Bearings Incorporated (NASDAQ:ROLL) to announce earnings per share of $1.22 for the current quarter, according to Zacks. Four analysts have made estimates for RBC Bearings’ earnings, with the highest EPS estimate coming in at $1.25 and the lowest estimate coming in at $1.18. RBC Bearings reported earnings per share of $1.08 during the same quarter last year, which would suggest a positive year over year growth rate of 13%. The firm is expected to announce its next quarterly earnings report on Wednesday, May 29th.
On average, analysts expect that RBC Bearings will report full-year earnings of $4.72 per share for the current year, with EPS estimates ranging from $4.70 to $4.75. For the next year, analysts expect that the firm will post earnings of $5.21 per share, with EPS estimates ranging from $5.09 to $5.40. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for RBC Bearings.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.01. RBC Bearings had a return on equity of 12.77% and a net margin of 14.34%. The business had revenue of $171.45 million during the quarter, compared to the consensus estimate of $175.96 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. RBC Bearings’s revenue was up 2.8% compared to the same quarter last year.
In other RBC Bearings news, CFO Daniel A. Bergeron sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $132.42, for a total value of $2,648,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.10% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Congress Asset Management Co. MA lifted its position in shares of RBC Bearings by 1,622.9% during the 4th quarter. Congress Asset Management Co. MA now owns 577,848 shares of the industrial products company’s stock valued at $75,756,000 after buying an additional 544,308 shares during the last quarter. Diversified Trust Co purchased a new position in shares of RBC Bearings during the 4th quarter valued at $299,000. MetLife Investment Advisors LLC lifted its position in shares of RBC Bearings by 46.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 15,818 shares of the industrial products company’s stock valued at $2,378,000 after buying an additional 5,025 shares during the last quarter. BlackRock Inc. lifted its position in shares of RBC Bearings by 1.3% during the 3rd quarter. BlackRock Inc. now owns 2,230,873 shares of the industrial products company’s stock valued at $335,434,000 after buying an additional 27,831 shares during the last quarter. Finally, Virginia Retirement Systems ET AL lifted its position in shares of RBC Bearings by 1.6% during the 4th quarter. Virginia Retirement Systems ET AL now owns 6,500 shares of the industrial products company’s stock valued at $852,000 after buying an additional 100 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.
RBC Bearings stock traded down $1.97 during trading on Friday, hitting $131.49. 459,030 shares of the company were exchanged, compared to its average volume of 112,503. RBC Bearings has a 52 week low of $111.61 and a 52 week high of $169.84. The company has a market capitalization of $3.26 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 4.76 and a beta of 1.36. The company has a current ratio of 6.44, a quick ratio of 2.50 and a debt-to-equity ratio of 0.12.
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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