RBC Bearings Incorporated (NASDAQ:ROLL) – Equities researchers at KeyCorp upped their Q3 2018 EPS estimates for RBC Bearings in a research note issued to investors on Wednesday. KeyCorp analyst S. Barger now forecasts that the industrial products company will earn $0.83 per share for the quarter, up from their prior estimate of $0.80. KeyCorp also issued estimates for RBC Bearings’ Q1 2019 earnings at $0.95 EPS, Q3 2019 earnings at $0.93 EPS, Q4 2019 earnings at $1.22 EPS and FY2019 earnings at $4.09 EPS.

RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.09. The business had revenue of $163.90 million during the quarter, compared to the consensus estimate of $160.42 million. RBC Bearings had a return on equity of 11.25% and a net margin of 11.91%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share.

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Several other analysts have also issued reports on ROLL. Zacks Investment Research upgraded RBC Bearings from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Friday, June 2nd. BidaskClub lowered RBC Bearings from a “hold” rating to a “sell” rating in a report on Friday, July 28th.

Shares of RBC Bearings (NASDAQ ROLL) traded down 0.78% during midday trading on Thursday, hitting $104.48. The stock had a trading volume of 61,155 shares. RBC Bearings has a 12-month low of $67.99 and a 12-month high of $111.04. The company’s 50-day moving average price is $103.30 and its 200-day moving average price is $98.43. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 33.57 and a beta of 1.30.

Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in RBC Bearings during the fourth quarter valued at approximately $180,000. Norges Bank acquired a new position in RBC Bearings during the fourth quarter valued at approximately $14,820,000. Teachers Advisors LLC increased its position in RBC Bearings by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 43,552 shares of the industrial products company’s stock valued at $4,042,000 after buying an additional 1,195 shares during the last quarter. Private Trust Co. NA acquired a new position in RBC Bearings during the first quarter valued at approximately $494,000. Finally, Legato Capital Management LLC increased its position in RBC Bearings by 9,609.0% in the first quarter. Legato Capital Management LLC now owns 78,060 shares of the industrial products company’s stock valued at $804,000 after buying an additional 77,256 shares during the last quarter.

In other RBC Bearings news, insider Michael J. Hartnett sold 25,802 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $106.64, for a total transaction of $2,751,525.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Richard J. Edwards sold 10,000 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $104.19, for a total transaction of $1,041,900.00. The disclosure for this sale can be found here. Insiders have sold 135,425 shares of company stock worth $14,249,574 over the last three months. Company insiders own 3.70% of the company’s stock.

About RBC Bearings

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.

Earnings History and Estimates for RBC Bearings (NASDAQ:ROLL)

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