RBC Bearings Incorporated (NASDAQ:ROLL) ¨C SunTrust Banks cut their FY2020 EPS estimates for RBC Bearings in a research report issued on Tuesday, January 7th, according to Zacks Investment Research. SunTrust Banks analyst M. Ciarmoli now anticipates that the industrial products company will earn $5.06 per share for the year, down from their previous estimate of $5.26.
Other research analysts also recently issued reports about the stock. ValuEngine downgraded shares of RBC Bearings from a ¡°buy¡± rating to a ¡°hold¡± rating in a research note on Wednesday, December 4th. BidaskClub raised shares of RBC Bearings from a ¡°sell¡± rating to a ¡°hold¡± rating in a research note on Wednesday, January 8th. Bank of America downgraded shares of RBC Bearings from a ¡°neutral¡± rating to an ¡°underperform¡± rating and set a $165.00 target price on the stock. in a research note on Thursday, November 14th. Finally, Zacks Investment Research raised shares of RBC Bearings from a ¡°sell¡± rating to a ¡°hold¡± rating and set a $183.00 target price on the stock in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of ¡°Hold¡± and a consensus target price of $161.67.
Shares of NASDAQ ROLL opened at $174.35 on Friday. The company has a quick ratio of 1.73, a current ratio of 5.14 and a debt-to-equity ratio of 0.05. RBC Bearings has a 52 week low of $125.02 and a 52 week high of $176.43. The firm¡¯s fifty day moving average is $163.71 and its 200 day moving average is $162.22. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 5.79 and a beta of 1.16.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.22 by $0.08. RBC Bearings had a net margin of 15.23% and a return on equity of 12.61%. The firm had revenue of $181.91 million for the quarter, compared to the consensus estimate of $180.93 million. During the same period last year, the firm posted $1.22 earnings per share. The business¡¯s revenue was up 5.2% compared to the same quarter last year.
In other RBC Bearings news, Director Steven H. Kaplan sold 200 shares of the business¡¯s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $163.88, for a total transaction of $32,776.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Patrick S. Bannon sold 1,168 shares of the business¡¯s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $158.11, for a total transaction of $184,672.48. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in RBC Bearings during the 3rd quarter valued at $31,000. Quest Capital Management Inc. ADV purchased a new position in RBC Bearings during the 3rd quarter valued at $52,000. Squar Milner Financial Services LLC increased its position in RBC Bearings by 529.6% during the 3rd quarter. Squar Milner Financial Services LLC now owns 447 shares of the industrial products company¡¯s stock valued at $74,000 after purchasing an additional 376 shares during the period. Founders Capital Management LLC purchased a new position in RBC Bearings during the 4th quarter valued at $211,000. Finally, Coldstream Capital Management Inc. purchased a new position in RBC Bearings during the 2nd quarter valued at $219,000. 98.32% of the stock is currently owned by institutional investors and hedge funds.
