Press coverage about RBC Bearings (NASDAQ:ROLL) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. RBC Bearings earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 85 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- RBC Bearings Incorporated (NASDAQ:ROLL) Sees Significantly Lower Trading Volume (highlightpress.com)
- Company buying Erwin plant closed Hoover plant 10 years ago; mayor says company now ‘different, stronger’ (johnsoncitypress.com)
- Critical Comparison: RBC Bearings (ROLL) vs. NN (NNBR) (americanbankingnews.com)
- RBC Bearings Incorporated (ROLL) Investment Up in Latest Report from Gw&k Investment Management, LLC (highlightpress.com)
- RBC Bearings, Inc. – Value Analysis (NASDAQ:ROLL) : July 10, 2017 (finance.yahoo.com)
Separately, Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Friday, June 2nd.
RBC Bearings (ROLL) opened at 105.03 on Tuesday. RBC Bearings has a 1-year low of $67.99 and a 1-year high of $108.39. The company has a 50-day moving average price of $102.10 and a 200 day moving average price of $95.99. The stock has a market cap of $2.50 billion, a P/E ratio of 35.36 and a beta of 1.30.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Wednesday, May 31st. The industrial products company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. The firm had revenue of $160.20 million during the quarter, compared to analysts’ expectations of $161.08 million. RBC Bearings had a net margin of 11.48% and a return on equity of 11.12%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. Equities analysts expect that RBC Bearings will post $3.57 earnings per share for the current fiscal year.
In other RBC Bearings news, insider Thomas M. Burigo sold 10,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $104.95, for a total value of $1,049,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael J. Hartnett sold 9,077 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $105.67, for a total transaction of $959,166.59. The disclosure for this sale can be found here. Insiders sold 135,425 shares of company stock valued at $14,249,574 in the last 90 days. Company insiders own 4.40% 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.
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