RBC Bearings Inc. (NASDAQ:ROLL) – Stock analysts at Seaport Global Securities lowered their Q3 2017 earnings per share (EPS) estimates for RBC Bearings in a report released on Friday. Seaport Global Securities analyst W. Liptak now expects that the brokerage will earn $0.80 per share for the quarter, down from their previous estimate of $0.85. Seaport Global Securities has a “Neutral” rating and a $73.00 price objective on the stock. Seaport Global Securities also issued estimates for RBC Bearings’ FY2017 earnings at $3.28 EPS, Q3 2018 earnings at $0.91 EPS, Q4 2018 earnings at $1.12 EPS and FY2018 earnings at $3.67 EPS.
Separately, Zacks Investment Research lowered shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $75.60.
RBC Bearings (NASDAQ:ROLL) traded up 0.18% on Monday, hitting $70.61. 1,453 shares of the company’s stock traded hands. RBC Bearings has a one year low of $54.38 and a one year high of $87.82. The stock has a market cap of $1.65 billion, a PE ratio of 24.26 and a beta of 1.19. The stock has a 50-day moving average of $76.11 and a 200-day moving average of $74.89.
RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.77 EPS for the quarter, missing the 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 company had revenue of $154.58 million for the quarter, compared to the consensus estimate of $152.83 million. During the same period last year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis.
In other news, insider Michael J. Hartnett sold 6,742 shares of the business’s stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $76.12, for a total value of $513,201.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.40% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in ROLL. Eagle Asset Management Inc. increased its stake in RBC Bearings by 1.8% in the third quarter. Eagle Asset Management Inc. now owns 36,956 shares of the company’s stock worth $2,826,000 after buying an additional 669 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of RBC Bearings by 98.2% in the third quarter. BNP Paribas Arbitrage SA now owns 2,059 shares of the company’s stock valued at $157,000 after buying an additional 1,020 shares during the last quarter. Royal Bank of Canada increased its stake in shares of RBC Bearings by 2.2% in the second quarter. Royal Bank of Canada now owns 315,464 shares of the company’s stock valued at $22,871,000 after buying an additional 6,787 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of RBC Bearings by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 101,189 shares of the company’s stock valued at $7,337,000 after buying an additional 4,316 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of RBC Bearings by 7.7% in the second quarter. Stifel Financial Corp now owns 35,407 shares of the company’s stock valued at $2,568,000 after buying an additional 2,519 shares during the last quarter. 99.73% of the stock is currently owned by institutional investors and hedge funds.
About RBC Bearings
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.
Receive News & Ratings for RBC Bearings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.