Wall Avenue analysts forecast that RBC Bearings Integrated (NASDAQ:ROLL) will announce $1.00 earnings per share for the present quarter, Zacks studies. Three analysts have issued estimates for RBC Bearings’ earnings. The best EPS estimate is $1.03 and the bottom is $0.99. RBC Bearings reported earnings of $0.91 per share throughout the identical quarter final yr, which might recommend a constructive year-over-year progress fee of 9.9%. The agency is anticipated to announce its subsequent quarterly earnings report on Thursday, August fifth.
On common, analysts count on that RBC Bearings will report full yr earnings of $4.48 per share for the present fiscal yr, with EPS estimates starting from $4.39 to $4.60. For the following fiscal yr, analysts anticipate that the corporate will report earnings of $5.10 per share, with EPS estimates starting from $4.74 to $5.50. Zacks Funding Analysis’s EPS averages are a mean based mostly on a survey of sell-side analysis analysts that comply with RBC Bearings.
RBC Bearings (NASDAQ:ROLL) final posted its quarterly earnings knowledge on Thursday, Might twentieth. The commercial merchandise firm reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The agency had income of $160.30 million throughout the quarter, in comparison with analyst estimates of $158.97 million. RBC Bearings had a web margin of 14.72% and a return on fairness of 8.08%. RBC Bearings’s income was down 13.7% on a year-over-year foundation. Throughout the identical quarter within the earlier yr, the enterprise posted $1.33 EPS.
Individually, Zacks Investment Research minimize shares of RBC Bearings from a “purchase” score to a “maintain” score and set a $211.00 value goal for the corporate. in a analysis report on Tuesday, July sixth. Two analysts have rated the inventory with a promote score, two have given a maintain score and two have given a purchase score to the corporate’s inventory. The inventory presently has a consensus score of “Maintain” and a mean goal value of $145.33.
In associated information, Director Edward Stewart bought 1,600 shares of RBC Bearings inventory in a transaction on Thursday, Might twenty seventh. The shares have been bought at a mean value of $193.38, for a complete worth of $309,408.00. The transaction was disclosed in a doc filed with the SEC, which is offered by means of the SEC website. Additionally, CEO Michael J. Hartnett bought 10,000 shares of RBC Bearings inventory in a transaction on Friday, June eleventh. The shares have been bought at a mean value of $199.85, for a complete transaction of $1,998,500.00. The disclosure for this sale might be discovered here. Within the final ninety days, insiders bought 58,240 shares of firm inventory value $11,576,304. 3.50% of the inventory is owned by company insiders.
Massive traders have lately added to or decreased their stakes within the firm. Tompkins Monetary Corp acquired a brand new place in RBC Bearings within the 4th quarter valued at about $1,026,000. Baird Monetary Group Inc. bought a brand new place in RBC Bearings within the 4th quarter value roughly $19,716,000. Charles Schwab Funding Administration Inc. raised its place in shares of RBC Bearings by 1.2% within the 4th quarter. Charles Schwab Funding Administration Inc. now owns 197,187 shares of the economic merchandise firm’s inventory valued at $35,305,000 after buying an extra 2,365 shares within the final quarter. US Bancorp DE raised its place in shares of RBC Bearings by 68.6% throughout the 1st quarter. US Bancorp DE now owns 12,859 shares of the economic merchandise firm’s inventory valued at $2,531,000 after buying an extra 5,230 shares within the final quarter. Lastly, Curated Wealth Companions LLC raised its place in shares of RBC Bearings by 9.6% throughout the 1st quarter. Curated Wealth Companions LLC now owns 1,620 shares of the economic merchandise firm’s inventory valued at $319,000 after buying an extra 142 shares within the final quarter. 98.56% of the inventory is owned by institutional traders and hedge funds.
Shares of ROLL stock traded up $4.50 throughout buying and selling hours on Friday, hitting $198.24. The corporate’s inventory had a buying and selling quantity of 33,504 shares, in comparison with its common quantity of 112,183. The inventory has a 50 day easy shifting common of $197.27. The inventory has a market cap of $5.00 billion, a PE ratio of 55.37 and a beta of 1.37. The corporate has a debt-to-equity ratio of 0.01, a fast ratio of 4.13 and a present ratio of 8.25. RBC Bearings has a 12-month low of $113.40 and a 12-month excessive of $208.11.
RBC Bearings Firm Profile
RBC Bearings Integrated manufactures and markets engineered precision bearings and parts in North America, Europe, Asia, and Latin America. It operates by means of 4 segments: Plain Bearings, Curler Bearings, Ball Bearings, and Engineered Merchandise. The Plain Bearings section produces plain bearings with self-lubricating or metal-to-metal designs, together with rod finish bearings, spherical plain bearings, and journal bearings which might be primarily used to rectify inevitable misalignments in numerous mechanical parts, equivalent to plane controls, helicopter rotors, or in heavy mining and building gear.
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