RBC Bearings Inc. (NASDAQ:ROLL) has been given an average recommendation of “Hold” by the five research firms that are presently covering the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $73.67.
Separately, Zacks Investment Research downgraded shares of RBC Bearings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th.
RBC Bearings (NASDAQ:ROLL) opened at 76.48 on Monday. RBC Bearings has a 52 week low of $54.38 and a 52 week high of $87.82. The company has a 50-day moving average of $77.07 and a 200 day moving average of $74.66. The company has a market cap of $1.78 billion, a P/E ratio of 26.28 and a beta of 1.11.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.01. RBC Bearings had a net margin of 11.24% and a return on equity of 12.05%. The firm had revenue of $154.58 million for the quarter, compared to analysts’ expectations of $152.83 million. During the same period last year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that RBC Bearings will post $3.34 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in RBC Bearings by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,448 shares of the company’s stock valued at $105,000 after buying an additional 631 shares in the last quarter. Advisor Group Inc. bought a new position in RBC Bearings during the second quarter valued at about $116,000. BlackRock Inc. boosted its position in RBC Bearings by 111.7% in the first quarter. BlackRock Inc. now owns 1,647 shares of the company’s stock valued at $121,000 after buying an additional 869 shares in the last quarter. Checchi Capital Advisers LLC bought a new position in RBC Bearings during the second quarter valued at about $206,000. Finally, Wesbanco Bank Inc. bought a new position in RBC Bearings during the second quarter valued at about $206,000. Institutional investors and hedge funds own 99.73% of the company’s stock.
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.
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