Research Analysts Issue Forecasts for RBC Bearings Incorporated’s Q3 2018 Earnings (ROLL)
RBC Bearings Incorporated (NASDAQ:ROLL) – Equities research analysts at William Blair lowered their Q3 2018 earnings per share estimates for RBC Bearings in a research note issued to investors on Monday. William Blair analyst N. Heymann now forecasts that the industrial products company will earn $0.86 per share for the quarter, down from their prior estimate of $0.91. William Blair also issued estimates for RBC Bearings’ Q4 2018 earnings at $1.14 EPS, FY2018 earnings at $3.75 EPS and FY2020 earnings at $5.30 EPS.
RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Friday, November 3rd. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). RBC Bearings had a net margin of 11.18% and a return on equity of 11.30%. The company had revenue of $164.30 million for the quarter, compared to the consensus estimate of $164.56 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. RBC Bearings’s revenue was up 6.8% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “Research Analysts Issue Forecasts for RBC Bearings Incorporated’s Q3 2018 Earnings (ROLL)” was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://theolympiareport.com/2017/11/08/research-analysts-issue-forecasts-for-rbc-bearings-incorporateds-q3-2018-earnings-roll.html.
Other equities analysts also recently issued reports about the company. Bank of America Corporation raised their price target on RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded RBC Bearings from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Finally, BidaskClub downgraded RBC Bearings from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
Shares of RBC Bearings (NASDAQ ROLL) traded up $2.56 during trading hours on Tuesday, hitting $122.60. The stock had a trading volume of 180,044 shares, compared to its average volume of 73,723. RBC Bearings has a 1 year low of $70.03 and a 1 year high of $135.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.52 and a quick ratio of 1.64. The company has a market capitalization of $2,910.00, a P/E ratio of 36.12, a PEG ratio of 5.71 and a beta of 1.34.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its holdings in RBC Bearings by 0.3% in the 2nd quarter. Jennison Associates LLC now owns 15,068 shares of the industrial products company’s stock worth $1,533,000 after buying an additional 48 shares in the last quarter. Prudential Financial Inc. increased its holdings in RBC Bearings by 4.9% in the 2nd quarter. Prudential Financial Inc. now owns 2,638 shares of the industrial products company’s stock worth $268,000 after buying an additional 124 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in RBC Bearings by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,650 shares of the industrial products company’s stock worth $1,796,000 after buying an additional 146 shares in the last quarter. Legal & General Group Plc increased its holdings in RBC Bearings by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 8,312 shares of the industrial products company’s stock worth $845,000 after buying an additional 153 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in RBC Bearings by 6.7% in the 2nd quarter. Amalgamated Bank now owns 2,965 shares of the industrial products company’s stock worth $302,000 after buying an additional 185 shares in the last quarter. Institutional investors own 99.96% of the company’s stock.
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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