RBC Bearings (ROLL) Posts Earnings Results

RBC Bearings (NASDAQ:ROLL) posted its quarterly earnings results 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), Bloomberg Earnings reports. 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 for the quarter, compared to analysts’ expectations of $175.57 million. During the same quarter in the previous year, the company earned $0.90 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year.

Shares of ROLL stock opened at $128.51 on Wednesday. The firm has a market cap of $3.12 billion, a PE ratio of 33.21, a PEG ratio of 4.68 and a beta of 1.30. RBC Bearings has a one year low of $98.55 and a one year high of $139.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 4.60.

ROLL has been the topic of several recent research reports. Zacks Investment Research downgraded shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. William Blair reiterated an “outperform” rating on shares of RBC Bearings in a research report on Thursday, May 31st. Finally, BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $141.00.
 
In other RBC Bearings news, VP Patrick S. Bannon sold 447 shares of RBC Bearings stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $124.00, for a total value of $55,428.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amir Faghri sold 4,500 shares of RBC Bearings 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. Insiders have sold a total of 173,291 shares of company stock worth $22,190,974 over the last 90 days. Insiders own 3.70% of the company’s stock.