RBC Bearings (NASDAQ:ROLL) issued its quarterly earnings results on Wednesday. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.33, MarketWatch Earnings reports. RBC Bearings had a return on equity of 12.16% and a net margin of 17.33%. The firm had revenue of $185.80 million for the quarter, compared to analyst estimates of $182.72 million. During the same period in the previous year, the firm earned $1.33 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. RBC Bearings updated its Q1 2021
Pre-Market guidance to EPS.
Shares of NASDAQ:ROLL opened at $122.58 on Friday. The company has a quick ratio of 1.95, a current ratio of 5.60 and a debt-to-equity ratio of 0.04. RBC Bearings has a twelve month low of $77.63 and a twelve month high of $185.05. The stock’s 50 day moving average is $119.63 and its 200-day moving average is $149.15. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 24.23 and a beta of 1.25.
Several equities analysts have issued reports on ROLL shares. BidaskClub lowered RBC Bearings from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Alembic Global Advisors raised RBC Bearings from an “underweight” rating to a “neutral” rating and set a $119.00 price target on the stock in a research note on Thursday. SunTrust Banks dropped their price target on RBC Bearings from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, April 16th. Finally, Royal Bank of Canada raised RBC Bearings from an “underweight” rating to a “neutral” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $139.25.
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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