RBC Bearings Incorporated (NASDAQ:ROLL) released its quarterly 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), Bloomberg Earnings reports. RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The firm had revenue of $164.30 million during the quarter, compared to analyst estimates of $164.56 million. During the same period in the prior year, the business earned $0.78 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year.
Shares of RBC Bearings (NASDAQ:ROLL) opened at $123.11 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 4.68 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2,974.16, a PE ratio of 36.40, a P/E/G ratio of 5.76 and a beta of 1.34. RBC Bearings has a 12-month low of $79.78 and a 12-month high of $135.54.
In related news, VP Richard J. Edwards sold 10,000 shares of RBC Bearings stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $121.54, for a total value of $1,215,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by insiders.
Several analysts have issued reports on the company. Zacks Investment Research downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. BidaskClub downgraded RBC Bearings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Bank of America Corporation lifted their price target on RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th.
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 Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.