Analysts expect RBC Bearings Incorporated (NASDAQ:ROLL) to report sales of $181.23 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for RBC Bearings’ earnings, with the highest sales estimate coming in at $181.90 million and the lowest estimate coming in at $180.56 million. RBC Bearings posted sales of $172.92 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The company is expected to report its next earnings report on Friday, November 1st.
On average, analysts expect that RBC Bearings will report full year sales of $752.85 million for the current fiscal year, with estimates ranging from $746.86 million to $758.00 million. For the next year, analysts expect that the firm will report sales of $824.46 million, with estimates ranging from $806.10 million to $845.98 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for RBC Bearings.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.04. RBC Bearings had a return on equity of 12.82% and a net margin of 15.26%. The company had revenue of $182.69 million during the quarter, compared to analyst estimates of $183.13 million. During the same period in the previous year, the business earned $1.15 EPS. RBC Bearings’s quarterly revenue was up 3.8% on a year-over-year basis.
NASDAQ:ROLL traded up $3.67 during trading hours on Friday, hitting $159.89. 4,496 shares of the stock were exchanged, compared to its average volume of 112,083. RBC Bearings has a 52-week low of $123.50 and a 52-week high of $171.54. The firm’s fifty day moving average price is $160.21 and its 200 day moving average price is $151.04. The company has a current ratio of 5.15, a quick ratio of 1.72 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.81 billion, a P/E ratio of 33.27, a P/E/G ratio of 4.94 and a beta of 1.21.
In other news, Director Thomas J. Obrien sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $152.25, for a total transaction of $274,050.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel A. Bergeron sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $157.74, for a total value of $3,154,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,856 shares of company stock valued at $13,800,901. 3.50% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC boosted its holdings in shares of RBC Bearings by 1.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 60,411 shares of the industrial products company’s stock worth $10,077,000 after purchasing an additional 1,059 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of RBC Bearings during the 1st quarter worth approximately $714,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of RBC Bearings by 1.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,386,323 shares of the industrial products company’s stock worth $303,469,000 after purchasing an additional 34,322 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of RBC Bearings during the 2nd quarter worth approximately $16,361,000. Finally, HighTower Advisors LLC boosted its holdings in shares of RBC Bearings by 16.3% during the 2nd quarter. HighTower Advisors LLC now owns 5,401 shares of the industrial products company’s stock worth $911,000 after purchasing an additional 758 shares during the last quarter. Institutional investors and hedge funds own 98.53% of the company’s stock.
RBC Bearings Company Profile
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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