Media coverage about RBC Bearings (NASDAQ:ROLL) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. RBC Bearings earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.3732708557335 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.
ROLL has been the topic of several analyst reports. Drexel Hamilton initiated coverage on RBC Bearings in a report on Thursday, December 21st. They set a “buy” rating and a $140.00 target price on the stock. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a report on Monday, January 8th. Finally, BidaskClub lowered RBC Bearings from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $141.00.
ROLL opened at $125.99 on Tuesday. The firm has a market cap of $3,001.45, a PE ratio of 39.74, a P/E/G ratio of 4.49 and a beta of 1.26. RBC Bearings has a 52-week low of $91.00 and a 52-week high of $139.95. The company has a current ratio of 4.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.23.
RBC Bearings (NASDAQ:ROLL) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.19. The company had revenue of $166.86 million for the quarter, compared to analyst estimates of $163.46 million. RBC Bearings had a return on equity of 11.79% and a net margin of 12.52%. RBC Bearings’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. equities analysts forecast that RBC Bearings will post 3.91 earnings per share for the current year.
In related news, insider Michael J. Hartnett sold 3,300 shares of the company’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $128.00, for a total transaction of $422,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan B. Levine sold 4,900 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $115.70, for a total value of $566,930.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,989 shares of company stock worth $11,736,880. 3.70% of the stock is currently 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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