RBC Bearings (RBC) Scheduled to Post Quarterly Earnings on Friday

RBC Bearings (NYSE:RBC) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, May 17th. Analysts expect the company to announce earnings of $2.25 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

RBC Bearings (NYSE:RBC) last posted its earnings results on Thursday, February 8th. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.08). The business had revenue of $373.91 million for the quarter, compared to analyst estimates of $376.61 million. RBC Bearings had a return on equity of 9.64% and a net margin of 12.81%. On average, analysts expect RBC Bearings to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

RBC Bearings Stock Up 1.4 %

RBC opened at $268.15 on Friday. The company has a market cap of $7.56 billion, a PE ratio of 44.84, a price-to-earnings-growth ratio of 4.76 and a beta of 1.46. RBC Bearings has a 1 year low of $195.18 and a 1 year high of $288.16. The firm has a 50 day moving average price of $259.63 and a 200 day moving average price of $259.76. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.12 and a current ratio of 3.28.

Insiders Place Their Bets

In other news, COO Daniel A. Bergeron sold 15,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $267.22, for a total transaction of $4,008,300.00. Following the transaction, the chief operating officer now directly owns 121,935 shares of the company’s stock, valued at $32,583,470.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Citigroup upped their price target on RBC Bearings from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $275.86.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.