RBC Bearings (ROLL) Earning Somewhat Favorable Press Coverage, Analysis Finds

Media coverage about RBC Bearings (NASDAQ:ROLL) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. RBC Bearings earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.5793730782329 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

ROLL has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. BidaskClub lowered shares of RBC Bearings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

Shares of RBC Bearings (NASDAQ:ROLL) opened at 116.73 on Friday. RBC Bearings has a 1-year low of $67.99 and a 1-year high of $117.57. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 37.51 and a beta of 1.30. The company’s 50-day moving average is $107.65 and its 200 day moving average is $101.06.

RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.82 by $0.09. RBC Bearings had a net margin of 11.91% and a return on equity of 11.25%. The company had revenue of $163.90 million during the quarter, compared to analysts’ expectations of $160.42 million. During the same quarter in the previous year, the company earned $0.77 EPS. RBC Bearings’s revenue was up 6.0% on a year-over-year basis. On average, analysts expect that RBC Bearings will post $3.66 EPS for the current fiscal year.

In related news, insider Michael J. Hartnett sold 13,551 shares of RBC Bearings stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $105.27, for a total transaction of $1,426,513.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Thomas J. Williams sold 5,500 shares of RBC Bearings stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $105.44, for a total transaction of $579,920.00. The disclosure for this sale can be found here. Insiders have sold a total of 32,602 shares of company stock worth $3,433,044 in the last three months. 3.70% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for RBC Bearings (NASDAQ:ROLL)

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