RBC Bearings Incorporated (ROLL) Expected to Announce Quarterly Sales of $176.18 Million

Share on StockTwits

Equities research analysts expect RBC Bearings Incorporated (NASDAQ:ROLL) to announce sales of $176.18 million for the current quarter, Zacks reports. Four analysts have provided estimates for RBC Bearings’ earnings, with the lowest sales estimate coming in at $175.63 million and the highest estimate coming in at $177.00 million. RBC Bearings reported sales of $166.86 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, February 5th.

According to Zacks, analysts expect that RBC Bearings will report full year sales of $719.50 million for the current fiscal year, with estimates ranging from $712.78 million to $730.21 million. For the next financial year, analysts anticipate that the business will report sales of $800.88 million, with estimates ranging from $771.16 million to $828.56 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Friday, November 2nd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. RBC Bearings had a net margin of 15.54% and a return on equity of 12.94%. The company had revenue of $172.92 million during the quarter, compared to the consensus estimate of $174.30 million. During the same quarter in the prior year, the firm posted $0.83 earnings per share. RBC Bearings’s revenue for the quarter was up 5.2% on a year-over-year basis.

ROLL has been the subject of a number of recent research reports. Zacks Investment Research reissued a “buy” rating and set a $182.00 price objective on shares of RBC Bearings in a research note on Thursday, November 15th. BidaskClub upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. ValuEngine upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Bank of America downgraded shares of RBC Bearings from a “buy” rating to a “neutral” rating and set a $165.00 price target on the stock. in a research note on Wednesday, November 14th. They noted that the move was a valuation call. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of RBC Bearings in a research note on Monday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $160.00.

NASDAQ:ROLL traded up $0.73 during mid-day trading on Friday, reaching $139.42. The stock had a trading volume of 110,962 shares, compared to its average volume of 97,303. RBC Bearings has a twelve month low of $111.61 and a twelve month high of $169.84. The company has a quick ratio of 2.13, a current ratio of 5.71 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.36 billion, a P/E ratio of 35.80, a PEG ratio of 4.79 and a beta of 1.42.

In other news, Director Alan B. Levine sold 1,084 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $150.00, for a total value of $162,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ROLL. IFP Advisors Inc boosted its holdings in shares of RBC Bearings by 66.7% during the 4th quarter. IFP Advisors Inc now owns 195 shares of the industrial products company’s stock worth $26,000 after buying an additional 78 shares in the last quarter. First Hawaiian Bank boosted its stake in RBC Bearings by 55.7% in the 4th quarter. First Hawaiian Bank now owns 699 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 250 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of RBC Bearings during the 4th quarter valued at about $92,000. Parallel Advisors LLC boosted its position in shares of RBC Bearings by 280.0% during the 3rd quarter. Parallel Advisors LLC now owns 741 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 546 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of RBC Bearings during the 3rd quarter valued at about $120,000. 97.13% of the stock is owned by institutional investors.

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.

See Also: How Do You Calculate Return on Equity (ROE)?

Get a free copy of the Zacks research report on RBC Bearings (ROLL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for RBC Bearings (NASDAQ:ROLL)

Receive News & Ratings for RBC Bearings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Alexandria Capital LLC Has $370,000 Position in Baker Hughes A GE Co
Alexandria Capital LLC Has $370,000 Position in Baker Hughes A GE Co
Alexandria Capital LLC Acquires New Position in SPDR Portfolio Emerging Markets ETF
Alexandria Capital LLC Acquires New Position in SPDR Portfolio Emerging Markets ETF
Alexandria Capital LLC Sells 209 Shares of iShares US Real Estate ETF
Alexandria Capital LLC Sells 209 Shares of iShares US Real Estate ETF
GlaxoSmithKline plc  Holdings Cut by AE Wealth Management LLC
GlaxoSmithKline plc Holdings Cut by AE Wealth Management LLC
Dominion Energy Inc  Shares Sold by AE Wealth Management LLC
Dominion Energy Inc Shares Sold by AE Wealth Management LLC
Vanguard Intermediate-Term Government Bond ETF  Shares Sold by AE Wealth Management LLC
Vanguard Intermediate-Term Government Bond ETF Shares Sold by AE Wealth Management LLC


© 2006-2019 Ticker Report