RBC Bearings (ROLL) Receiving Somewhat Positive Press Coverage, Analysis Finds
Press coverage about RBC Bearings (NASDAQ:ROLL) has trended somewhat positive on Thursday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RBC Bearings earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 49.0262643506982 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research firms recently weighed in on ROLL. Bank of America Corporation lifted their price target on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research lowered RBC Bearings from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, BidaskClub upgraded RBC Bearings from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th.
RBC Bearings (NASDAQ ROLL) traded up $3.39 during trading on Thursday, reaching $124.18. The company’s stock had a trading volume of 67,929 shares, compared to its average volume of 87,522. RBC Bearings has a 12-month low of $79.88 and a 12-month high of $135.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 4.68. The company has a market cap of $2,971.25, a price-to-earnings ratio of 36.37, a PEG ratio of 5.75 and a beta of 1.34.
RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Friday, November 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The business had revenue of $164.30 million during the quarter, compared to the consensus estimate of $164.56 million. During the same quarter in the previous year, the business posted $0.78 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. equities analysts expect that RBC Bearings will post 3.63 earnings per share for the current year.
In other news, VP Richard J. Edwards sold 10,000 shares of RBC Bearings stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $121.54, for a total value of $1,215,400.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.
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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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