Headlines about RBC Bearings (NASDAQ:ROLL) have trended somewhat positive on Monday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RBC Bearings earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.0525076276009 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research analysts recently issued reports on ROLL shares. Zacks Investment Research cut shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. BidaskClub raised shares of RBC Bearings from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Finally, William Blair restated an “outperform” rating on shares of RBC Bearings in a research report on Thursday, May 31st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $141.00.
Shares of ROLL traded up $0.38 during midday trading on Monday, hitting $130.10. The company had a trading volume of 67,700 shares, compared to its average volume of 81,649. RBC Bearings has a 52 week low of $98.55 and a 52 week high of $139.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 4.60. The company has a market capitalization of $3.17 billion, a P/E ratio of 33.74, a PEG ratio of 4.75 and a beta of 1.30.
RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Wednesday, May 30th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). RBC Bearings had a net margin of 12.91% and a return on equity of 11.96%. The firm had revenue of $179.90 million for the quarter, compared to analyst estimates of $175.57 million. During the same period in the previous year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. sell-side analysts expect that RBC Bearings will post 4.65 earnings per share for the current fiscal year.
In related news, insider Michael J. Hartnett sold 105,202 shares of the company’s stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $128.34, for a total transaction of $13,501,624.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Hartnett sold 3,300 shares of the company’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $128.00, for a total transaction of $422,400.00. The disclosure for this sale can be found here. Insiders have sold 188,082 shares of company stock worth $24,303,971 in the last 90 days. 3.70% of the stock is owned by company insiders.