RBC Bearings (ROLL) Earning Somewhat Favorable Media Coverage, Study Shows

News articles about RBC Bearings (NASDAQ:ROLL) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. RBC Bearings earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 47.3443822852276 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

RBC Bearings (NASDAQ:ROLL) opened at $121.92 on Wednesday. The firm has a market capitalization of $2,960.00, a PE ratio of 35.65, a PEG ratio of 5.37 and a beta of 1.28. RBC Bearings has a 52 week low of $88.70 and a 52 week high of $139.95. The company has a quick ratio of 1.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.23.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.19. The business had revenue of $166.86 million for the quarter, compared to analyst estimates of $163.46 million. RBC Bearings had a return on equity of 11.79% and a net margin of 12.52%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. sell-side analysts anticipate that RBC Bearings will post 3.91 earnings per share for the current fiscal year.

A number of analysts have issued reports on ROLL shares. Zacks Investment Research lowered RBC Bearings from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. CL King started coverage on RBC Bearings in a research note on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price target on the stock. BidaskClub lowered RBC Bearings from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Bank of America raised their price target on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, ValuEngine lowered RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. RBC Bearings presently has an average rating of “Buy” and an average price target of $141.00.

In related news, insider Michael J. Hartnett sold 6,300 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $128.68, for a total transaction of $810,684.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Hartnett sold 500 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $128.00, for a total value of $64,000.00. The disclosure for this sale can be found here. Insiders sold a total of 17,387 shares of company stock worth $2,172,787 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

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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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