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Q4 2020 EPS Estimates for RBC Bearings Incorporated (NASDAQ:ROLL) Lowered by Analyst

19 Jan,2020

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RBC Bearings Incorporated (NASDAQ:ROLL) – Investment analysts at SunTrust Banks lowered their Q4 2020 EPS estimates for shares of RBC Bearings in a research note issued on Tuesday, January 7th, according to Zacks Investment Research. SunTrust Banks analyst M. Ciarmoli now expects that the industrial products company will post earnings of $1.25 per share for the quarter, down from their prior forecast of $1.45. SunTrust Banks also issued estimates for RBC Bearings’ FY2021 earnings at $5.29 EPS.


ROLL has been the topic of several other reports. BidaskClub upgraded RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Zacks Investment Research upgraded RBC Bearings from a “sell” rating to a “hold” rating and set a $183.00 price objective on the stock in a research report on Friday, December 13th. Bank of America lowered RBC Bearings from a “neutral” rating to an “underperform” rating and set a $165.00 price objective on the stock. in a research report on Thursday, November 14th. Finally, ValuEnginelowered RBC Bearings from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. 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. RBC Bearings has an average rating of “Hold” and a consensus target price of $161.67.


Shares of RBC Bearings stockopened at $174.35 on Thursday. The company has a current ratio of 5.14, a quick ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.38 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 5.64 and a beta of 1.16. The business’s 50-day moving average price is $163.71 and its 200-day moving average price is $162.22. RBC Bearings has a 12 month low of $125.02 and a 12 month high of $176.43.

 

RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data on Friday, November 1st. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. The business had revenue of $181.91 million for the quarter, compared to analysts’ expectations of $180.93 million. RBC Bearings had a return on equity of 12.61% and a net margin of 15.23%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS.


In related news, VP Patrick S. Bannon sold 1,168 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $158.11, for a total transaction of $184,672.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven H. Kaplan sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $163.88, for a total value of $32,776.00. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.


A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC grew its position in RBC Bearings by 3.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,471,067 shares of the industrial products company’s stock worth $412,200,000 after acquiring an additional 84,744 shares during the last quarter. BlackRock Inc. grew its position in shares of RBC Bearings by 1.9% in the 2nd quarter. BlackRock Inc. now owns 2,060,806 shares of the industrial products company’s stock worth $343,763,000 after buying an additional 37,704 shares during the last quarter. GW&K Investment Management LLC grew its position in shares of RBC Bearings by 13.7% in the 3rd quarter. GW&K Investment Management LLC now owns 627,106 shares of the industrial products company’s stock worth $104,044,000 after buying an additional 75,362 shares during the last quarter. Invesco Ltd. grew its position in shares of RBC Bearings by 3,153.1% in the 2nd quarter. Invesco Ltd. now owns 458,423 shares of the industrial products company’s stock worth $76,470,000 after buying an additional 444,331 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its position in shares of RBC Bearings by 125.1% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 378,746 shares of the industrial products company’s stock worth $62,838,000 after buying an additional 210,524 shares during the last quarter. Institutional investors and hedge funds own 98.32% of the company’s stock.


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