Equities analysts expect RBC Bearings Incorporated (NASDAQ:ROLL) to report earnings of $1.13 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for RBC Bearings’ earnings, with the highest EPS estimate coming in at $1.17 and the lowest estimate coming in at $1.11. RBC Bearings reported earnings of $0.90 per share in the same quarter last year, which would indicate a positive year over year growth rate of 25.6%. The company is expected to report its next earnings results before the market opens on Wednesday, May 30th.

According to Zacks, analysts expect that RBC Bearings will report full-year earnings of $3.91 per share for the current financial year, with EPS estimates ranging from $3.90 to $3.92. For the next year, analysts forecast that the company will report earnings of $4.68 per share, with EPS estimates ranging from $4.60 to $4.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover RBC Bearings.

Several research analysts recently commented on ROLL shares. Zacks Investment Research cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. BidaskClub cut shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. RBC Bearings has a consensus rating of “Hold” and a consensus target price of $141.00.

RBC Bearings traded up $0.64, hitting $124.47, during trading hours on Friday, according to MarketBeat.com. 40,900 shares of the company’s stock were exchanged, compared to its average volume of 81,323. RBC Bearings has a 1-year low of $94.97 and a 1-year high of $139.95. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 4.45 and a beta of 1.28. The company has a current ratio of 4.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.23. 

In other RBC Bearings news, CEO Michael J. Hartnett sold 3,203 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $128.35, for a total value of $411,105.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amir Faghri sold 4,500 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $125.31, for a total transaction of $563,895.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,089 shares of company stock valued at $8,689,350. Corporate insiders own 3.70% of the company’s stock. 

A number of hedge funds have recently made changes to their positions in the business. BB&T Securities LLC lifted its stake in RBC Bearings by 3.8% in the first quarter. BB&T Securities LLC now owns 11,439 shares of the industrial products company’s stock valued at $1,420,000 after acquiring an additional 418 shares during the last quarter. Hsbc Holdings PLC lifted its stake in RBC Bearings by 4.4% in the first quarter. Hsbc Holdings PLC now owns 10,708 shares of the industrial products company’s stock valued at $1,330,000 after acquiring an additional 450 shares during the last quarter. M&T Bank Corp lifted its stake in RBC Bearings by 3.7% in the fourth quarter. M&T Bank Corp now owns 14,431 shares of the industrial products company’s stock valued at $1,824,000 after acquiring an additional 521 shares during the last quarter. Swiss National Bank lifted its stake in RBC Bearings by 1.4% in the first quarter. Swiss National Bank now owns 42,290 shares of the industrial products company’s stock valued at $5,252,000 after acquiring an additional 600 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in RBC Bearings by 58.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,857 shares of the industrial products company’s stock valued at $231,000 after acquiring an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 97.77% of the company’s stock.