Media headlines about RBC Bearings (NASDAQ:ROLL) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. RBC Bearings earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 44.6328824460459 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities research analysts have commented on ROLL shares. CL King started coverage on RBC Bearings in a research note on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price objective for the company. Bank of America raised their price objective on RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Tuesday, September 26th. BidaskClub cut RBC Bearings from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Finally, Drexel Hamilton started coverage on RBC Bearings in a research note on Thursday, December 21st. They issued a “buy” rating and a $140.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. RBC Bearings currently has a consensus rating of “Hold” and an average price target of $139.50.
RBC Bearings (ROLL) opened at $125.62 on Friday. The stock has a market capitalization of $3,060.96, a P/E ratio of 42.58, a P/E/G ratio of 5.93 and a beta of 1.35. The company has a current ratio of 4.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. RBC Bearings has a 1 year low of $87.61 and a 1 year high of $139.95.
RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Friday, November 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). The company had revenue of $164.30 million for the quarter, compared to analysts’ expectations of $164.56 million. RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. research analysts forecast that RBC Bearings will post 3.63 EPS for the current year.
In related news, VP Thomas C. Crainer sold 15,000 shares of RBC Bearings stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $120.76, for a total transaction of $1,811,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Hartnett sold 1,687 shares of RBC Bearings stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $128.28, for a total value of $216,408.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,487 shares of company stock worth $4,632,657. 3.70% of the stock is owned by insiders.
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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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