RBC Bearings Incorporated (NASDAQ:ROLL) Expected to Post Quarterly Sales of $159.26 Million

Equities analysts predict that RBC Bearings Incorporated (NASDAQ:ROLL) will report $159.26 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for RBC Bearings’ earnings. The highest sales estimate is $160.40 million and the lowest is $158.02 million. RBC Bearings reported sales of $156.49 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The business is scheduled to report its next quarterly earnings report on Thursday, August 5th.

On average, analysts expect that RBC Bearings will report full year sales of $675.09 million for the current fiscal year, with estimates ranging from $655.80 million to $696.89 million. For the next fiscal year, analysts anticipate that the firm will post sales of $745.60 million, with estimates ranging from $688.50 million to $811.17 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Thursday, May 20th. The industrial products company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The company had revenue of $160.30 million during the quarter, compared to the consensus estimate of $158.97 million. RBC Bearings had a net margin of 14.72% and a return on equity of 8.08%. The company’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 earnings per share.

In related news, VP Patrick S. Bannon sold 12,000 shares of the company’s stock in a transaction on Wednesday, June 2nd. The shares were sold at an average price of $196.91, for a total transaction of $2,362,920.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Stewart sold 1,600 shares of the company’s stock in a transaction on Thursday, May 27th. The stock was sold at an average price of $193.38, for a total transaction of $309,408.00. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Cresset Asset Management LLC raised its stake in RBC Bearings by 3.5% during the 1st quarter. Cresset Asset Management LLC now owns 1,708 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 58 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of RBC Bearings by 26.6% in the 1st quarter. Fifth Third Bancorp now owns 385 shares of the industrial products company’s stock valued at $76,000 after buying an additional 81 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of RBC Bearings by 11.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 900 shares of the industrial products company’s stock valued at $161,000 after buying an additional 95 shares in the last quarter. Commerce Bank raised its stake in shares of RBC Bearings by 1.6% in the 1st quarter. Commerce Bank now owns 6,249 shares of the industrial products company’s stock valued at $1,230,000 after buying an additional 101 shares in the last quarter. Finally, Man Group plc raised its stake in shares of RBC Bearings by 2.7% in the 1st quarter. Man Group plc now owns 3,881 shares of the industrial products company’s stock valued at $763,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

ROLL stock traded down $1.81 during trading hours on Friday, hitting $198.49. The company’s stock had a trading volume of 1,452 shares, compared to its average volume of 98,613. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.25 and a quick ratio of 3.62. The stock has a 50 day moving average of $197.02. The stock has a market cap of $5.01 billion, a P/E ratio of 55.95 and a beta of 1.37. RBC Bearings has a 12 month low of $113.40 and a 12 month high of $208.11.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates through 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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