RBC Bearings Incorporated (ROLL) Releases Earnings Results, Misses Expectations By $0.02 EPS
RBC Bearings Incorporated (NASDAQ:ROLL) posted its earnings results on Friday. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02), Bloomberg Earnings reports. RBC Bearings had a return on equity of 11.25% and a net margin of 11.91%. The business had revenue of $164.30 million for the quarter, compared to the consensus estimate of $164.56 million. During the same period in the previous year, the company posted $0.78 earnings per share. RBC Bearings’s revenue for the quarter was up 6.8% compared to the same quarter last year.
RBC Bearings (NASDAQ:ROLL) traded down $3.95 during midday trading on Friday, reaching $123.33. The company had a trading volume of 120,963 shares, compared to its average volume of 64,856. RBC Bearings has a twelve month low of $69.50 and a twelve month high of $135.54. The company has a current ratio of 4.52, a quick ratio of 1.64 and a debt-to-equity ratio of 0.30. The company has a market cap of $2,952.77, a PE ratio of 36.60, a price-to-earnings-growth ratio of 5.74 and a beta of 1.34.
A number of analysts recently issued reports on the company. Zacks Investment Research cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub raised RBC Bearings from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th.
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RBC Bearings Company Profile
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.
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