Brokerages Anticipate RBC Bearings Incorporated (ROLL) to Announce $1.04 EPS

Brokerages expect RBC Bearings Incorporated (NASDAQ:ROLL) to report earnings of $1.04 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for RBC Bearings’ earnings, with the lowest EPS estimate coming in at $0.98 and the highest estimate coming in at $1.06. RBC Bearings posted earnings per share of $0.91 during the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The company is scheduled to report its next earnings report on Tuesday, August 14th.

On average, analysts expect that RBC Bearings will report full-year earnings of $4.65 per share for the current financial year, with EPS estimates ranging from $4.60 to $4.70. For the next fiscal year, analysts expect that the company will report earnings of $5.37 per share, with EPS estimates ranging from $5.20 to $5.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Wednesday, May 30th. The industrial products company reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.05). RBC Bearings had a net margin of 12.91% and a return on equity of 11.96%. The firm had revenue of $179.90 million during the quarter, compared to analyst estimates of $175.57 million. During the same period last year, the business posted $0.90 EPS. The company’s revenue was up 12.3% on a year-over-year basis.

A number of research firms have recently weighed in on ROLL. William Blair restated an “outperform” rating on shares of RBC Bearings in a report on Thursday, May 31st. BidaskClub upgraded RBC Bearings from a “sell” rating to a “hold” rating in a report on Saturday, May 26th. SunTrust Banks began coverage on RBC Bearings in a report on Wednesday, June 20th. They issued a “hold” rating and a $133.00 target price on the stock. Finally, Zacks Investment Research lowered RBC Bearings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. RBC Bearings currently has a consensus rating of “Buy” and an average target price of $139.40.

Shares of RBC Bearings traded up $0.97, reaching $134.93, during trading hours on Tuesday, MarketBeat reports. The company had a trading volume of 55,500 shares, compared to its average volume of 82,607. RBC Bearings has a 12 month low of $101.08 and a 12 month high of $139.95. The company has a quick ratio of 1.69, a current ratio of 4.60 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.30 billion, a PE ratio of 34.87, a P/E/G ratio of 4.96 and a beta of 1.34.

In related news, CEO Michael J. Hartnett sold 5,400 shares of RBC Bearings stock in a transaction on Monday, July 9th. The stock was sold at an average price of $134.90, for a total transaction of $728,460.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael J. Hartnett sold 105,202 shares of RBC Bearings stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $128.34, for a total value of $13,501,624.68. The disclosure for this sale can be found here. Insiders sold 228,736 shares of company stock worth $29,640,452 in the last 90 days. Corporate insiders own 3.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Atria Investments LLC lifted its holdings in RBC Bearings by 15.4% during the second quarter. Atria Investments LLC now owns 4,602 shares of the industrial products company’s stock worth $593,000 after acquiring an additional 613 shares during the period. Confluence Investment Management LLC lifted its holdings in RBC Bearings by 2.0% during the second quarter. Confluence Investment Management LLC now owns 25,901 shares of the industrial products company’s stock worth $3,336,000 after acquiring an additional 514 shares during the period. Port Capital LLC lifted its holdings in RBC Bearings by 8.7% during the second quarter. Port Capital LLC now owns 136,914 shares of the industrial products company’s stock worth $17,636,000 after acquiring an additional 10,955 shares during the period. Suntrust Banks Inc. lifted its holdings in RBC Bearings by 4.3% during the first quarter. Suntrust Banks Inc. now owns 28,121 shares of the industrial products company’s stock worth $3,492,000 after acquiring an additional 1,158 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in RBC Bearings during the first quarter worth $651,000. Institutional investors and hedge funds own 97.33% of the company’s stock.