Media coverage about RBC Bearings (NASDAQ:ROLL) has trended positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. RBC Bearings earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 47.2604615411286 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- RBC Bearings Incorporated (ROLL) Shares Sold by Standard Life Aberdeen plc (americanbankingnews.com)
- $174.68 Million in Sales Expected for RBC Bearings Incorporated (ROLL) This Quarter (americanbankingnews.com)
- RBC Bearings Incorporated (ROLL) Position Increased by Wells Fargo & Company MN (americanbankingnews.com)
- Schwab Charles Investment Management Inc. Increases Holdings in RBC Bearings Incorporated (ROLL) (americanbankingnews.com)
- Daniel A. Bergeron Sells 20,000 Shares of RBC Bearings Incorporated (ROLL) Stock (americanbankingnews.com)
A number of brokerages have recently commented on ROLL. BidaskClub cut shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a report on Friday, February 2nd. Drexel Hamilton initiated coverage on shares of RBC Bearings in a report on Thursday, December 21st. They set a “buy” rating and a $140.00 target price on the stock. ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, CL King initiated coverage on shares of RBC Bearings in a research note on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $141.00.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.19. The company had revenue of $166.86 million for the quarter, compared to analysts’ expectations of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. RBC Bearings’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. analysts expect that RBC Bearings will post 3.91 earnings per share for the current year.
In related news, insider Michael J. Hartnett sold 6,300 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $128.68, for a total value of $810,684.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Daniel A. Bergeron sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $124.03, for a total transaction of $2,480,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,387 shares of company stock worth $4,653,387. 3.70% of the stock is currently owned by company insiders.
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.
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