Brokerages forecast that RBC Bearings Incorporated (NASDAQ:ROLL) will post sales of $174.26 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for RBC Bearings’ earnings, with the lowest sales estimate coming in at $173.90 million and the highest estimate coming in at $174.78 million. RBC Bearings reported sales of $164.32 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6%. The firm is scheduled to report its next earnings results on Friday, November 2nd.

According to Zacks, analysts expect that RBC Bearings will report full year sales of $726.67 million for the current financial year, with estimates ranging from $719.63 million to $737.17 million. For the next fiscal year, analysts forecast that the company will report sales of $807.34 million per share, with estimates ranging from $786.75 million to $829.98 million. Zacks’ sales averages are an average based on a survey of analysts that follow RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.10. The firm had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $174.32 million. RBC Bearings had a return on equity of 12.29% and a net margin of 13.51%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS.

ROLL has been the subject of a number of research analyst reports. BidaskClub cut RBC Bearings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 19th. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a research report on Tuesday, July 31st. SunTrust Banks initiated coverage on RBC Bearings in a research report on Wednesday, June 20th. They issued a “hold” rating and a $133.00 target price for the company. William Blair reissued an “outperform” rating on shares of RBC Bearings in a research report on Thursday, May 31st. Finally, Royal Bank of Canada reissued a “sell” rating on shares of RBC Bearings in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $142.80.

Shares of NASDAQ ROLL traded down $1.65 during trading hours on Wednesday, reaching $151.20. The stock had a trading volume of 89,400 shares, compared to its average volume of 80,882. The stock has a market cap of $3.76 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 5.51 and a beta of 1.50. The company has a quick ratio of 2.12, a current ratio of 5.79 and a debt-to-equity ratio of 0.17. RBC Bearings has a fifty-two week low of $111.61 and a fifty-two week high of $158.18.

In other RBC Bearings news, insider Michael J. Hartnett sold 15,850 shares of the company’s stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $128.60, for a total transaction of $2,038,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Hartnett sold 33,104 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $140.26, for a total value of $4,643,167.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 319,311 shares of company stock valued at $46,000,405. 3.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ROLL. Wells Fargo & Company MN raised its stake in RBC Bearings by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 652,961 shares of the industrial products company’s stock valued at $81,097,000 after acquiring an additional 4,988 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of RBC Bearings by 48.2% during the 1st quarter. SG Americas Securities LLC now owns 3,510 shares of the industrial products company’s stock worth $436,000 after buying an additional 1,142 shares in the last quarter. Swiss National Bank raised its stake in shares of RBC Bearings by 1.4% during the 1st quarter. Swiss National Bank now owns 42,290 shares of the industrial products company’s stock worth $5,252,000 after buying an additional 600 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of RBC Bearings by 3.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 140,689 shares of the industrial products company’s stock worth $17,474,000 after buying an additional 5,111 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of RBC Bearings by 7.2% during the 1st quarter. Eagle Asset Management Inc. now owns 52,721 shares of the industrial products company’s stock worth $6,547,000 after buying an additional 3,558 shares in the last quarter. 96.55% of the stock is owned by hedge funds and other institutional investors.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.

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Earnings History and Estimates for RBC Bearings (NASDAQ:ROLL)

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