Somewhat Favorable Media Coverage Somewhat Unlikely to Affect RBC Bearings (ROLL) Share Price
Media headlines about RBC Bearings (NASDAQ:ROLL) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RBC Bearings earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 47.6823833092483 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- RBC Bearings Incorporated Expected to Earn Q4 2018 Earnings of $1.12 Per Share (ROLL) (americanbankingnews.com)
- KeyCorp Comments on RBC Bearings Incorporated’s FY2018 Earnings (ROLL) (americanbankingnews.com)
- William Blair Equities Analysts Lift Earnings Estimates for RBC Bearings Incorporated (ROLL) (americanbankingnews.com)
- RBC Bearings (ROLL) Beats Q3 Earnings & Revenue Estimates (finance.yahoo.com)
- RBC Bearings Launches Higher on Aerospace Strength (finance.yahoo.com)
Several brokerages have recently commented on ROLL. BidaskClub downgraded shares of RBC Bearings from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research report on Friday, February 2nd. Drexel Hamilton began coverage on shares of RBC Bearings in a research report on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective on the stock. ValuEngine downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, CL King assumed coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $141.00.
RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.19. The company had revenue of $166.86 million during the quarter, compared to analysts’ expectations of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. equities research analysts predict that RBC Bearings will post 3.91 earnings per share for the current fiscal year.
In other news, insider Michael J. Hartnett sold 6,300 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $128.68, for a total value of $810,684.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas C. Crainer sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $120.76, for a total transaction of $1,811,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,487 shares of company stock valued at $3,417,257. 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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