BidaskClub lowered shares of RBC Bearings (NASDAQ:ROLL) from a strong-buy rating to a buy rating in a research note published on Saturday, BidAskClub reports.
Several other equities research analysts also recently commented on ROLL. ValuEngine upgraded RBC Bearings from a hold rating to a buy rating in a report on Tuesday, July 2nd. Zacks Investment Research downgraded RBC Bearings from a hold rating to a sell rating in a research note on Wednesday, April 3rd. William Blair restated an outperform rating on shares of RBC Bearings in a research note on Friday, May 24th. Finally, SunTrust Banks boosted their price target on RBC Bearings to $137.00 and gave the company a hold rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. RBC Bearings has an average rating of Hold and a consensus target price of $161.33.
NASDAQ ROLL opened at $166.01 on Friday. RBC Bearings has a one year low of $123.50 and a one year high of $171.54. The stock has a 50-day simple moving average of $151.86. The company has a market cap of $4.12 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 5.32 and a beta of 1.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.58 and a quick ratio of 1.87.
RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Thursday, May 23rd. The industrial products company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.22 by $0.11. RBC Bearings had a return on equity of 13.01% and a net margin of 14.97%. The company had revenue of $182.20 million during the quarter, compared to the consensus estimate of $180.76 million. During the same period last year, the company earned $1.08 EPS. RBC Bearings’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts anticipate that RBC Bearings will post 5.31 EPS for the current year.
In related news, CEO Michael J. Hartnett sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $150.46, for a total transaction of $421,288.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the …read more
Source:: Daily Times