Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
RBC Bearings (NASDAQ:ROLL - Get Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 4th. Analysts expect RBC Bearings to post earnings of $1.40 per share for the quarter. RBC Bearings has set its Q1 2023 guidance at EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.
RBC Bearings (NASDAQ:ROLL - Get Rating) last issued its earnings results on Thursday, May 26th. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.20. The business had revenue of $358.90 million for the quarter, compared to analyst estimates of $349.91 million. RBC Bearings had a return on equity of 5.40% and a net margin of 6.30%. The business's quarterly revenue was up 123.9% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. On average, analysts expect RBC Bearings to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year. RBC Bearings Trading Up 2.7 %
Shares of ROLL opened at $220.46 on Thursday. The company has a current ratio of 3.07, a quick ratio of 1.42 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $6.37 billion, a P/E ratio of 110.24, a price-to-earnings-growth ratio of 6.37 and a beta of 1.28. The stock's fifty day simple moving average is $188.61 and its 200 day simple moving average is $185.94. RBC Bearings has a twelve month low of $152.90 and a twelve month high of $242.74. Insider Buying and Selling
In other RBC Bearings news, Director Steven H. Kaplan sold 400 shares of the stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $200.05, for a total transaction of $80,020.00. Following the transaction, the director now directly owns 7,500 shares in the company, valued at approximately $1,500,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other RBC Bearings news, Director Steven H. Kaplan sold 400 shares of the stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $200.05, for a total transaction of $80,020.00. Following the transaction, the director now directly owns 7,500 shares in the company, valued at approximately $1,500,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard J. Edwards sold 10,000 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $199.07, for a total transaction of $1,990,700.00. Following the transaction, the vice president now owns 11,966 shares in the company, valued at $2,382,071.62. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $2,408,320 in the last quarter. Company insiders own 2.70% of the company's stock. Institutional Trading of RBC Bearings
Institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. bought a new stake in RBC Bearings during the first quarter valued at $53,000. Lazard Asset Management LLC bought a new stake in RBC Bearings during the first quarter valued at $59,000. Great West Life Assurance Co. Can lifted its stake in RBC Bearings by 8.0% in the first quarter. Great West Life Assurance Co. Can now owns 1,456 shares of the industrial products company's stock valued at $300,000 after buying an additional 108 shares during the last quarter. KB Financial Partners LLC boosted its holdings in shares of RBC Bearings by 20.4% during the first quarter. KB Financial Partners LLC now owns 1,503 shares of the industrial products company's stock valued at $291,000 after acquiring an additional 255 shares during the period. Finally, American Century Companies Inc. grew its position in shares of RBC Bearings by 16.1% during the first quarter. American Century Companies Inc. now owns 2,786 shares of the industrial products company's stock worth $540,000 after acquiring an additional 387 shares during the last quarter. Analyst Upgrades and Downgrades
ROLL has been the subject of a number of research reports. Bank of America cut shares of RBC Bearings from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $218.00 to $193.00 in a research report on Thursday, June 23rd. Royal Bank of Canada cut shares of RBC Bearings from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $218.00 to $193.00 in a research report on Thursday, June 23rd. They noted that the move was a valuation call. TheStreet cut shares of RBC Bearings from a "b-" rating to a "c+" rating in a research report on Thursday, April 28th. StockNews.com raised shares of RBC Bearings from a "sell" rating to a "hold" rating in a research report on Friday, May 27th. Finally, Truist Financial decreased their price target on shares of RBC Bearings from $250.00 to $235.00 and set a "buy" rating for the company in a research report on Tuesday, July 19th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $222.29.About RBC Bearings (Get Rating)
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.Further ReadingGet a free copy of the StockNews.com research report on RBC Bearings (ROLL)The MarketBeat Podcast: Portfolio Management in Market DownturnsCan These Two Airline Stocks Overcome Gravity And Fly Higher? Shopify Stock Rallies Despite Quarterly LossTwo Automation Stocks The Institutions Are Buying Can Owens-Corning Insulate Your Portfolio?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider RBC Bearings, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RBC Bearings wasn't on the list.
While RBC Bearings currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Today Kate chats with Clark Kendall, CEO of Kendall Capital. Clark offers some practical steps to allocate your money, as well as invest for tax advantages.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.