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Somewhat Favorable Press Coverage Somewhat Unlikely to Affect RBC Bearings (ROLL) Share Price

08 Jan,2018
<p> A number of brokerages have recently issued reports on ROLL. Bank of America raised their price objective on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded RBC Bearings from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Tuesday, September 26th. Drexel Hamilton began coverage on RBC Bearings in a research report on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective for the company. BidaskClub downgraded RBC Bearings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Finally, ValuEngine downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $139.50.<br /> <br /> <br /> RBC Bearings (NASDAQ:ROLL) opened at $125.62 on Friday. RBC Bearings has a 1 year low of $87.61 and a 1 year high of $139.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 4.68. The stock has a market capitalization of $3,060.96, a PE ratio of 42.58, a PEG ratio of 5.93 and a beta of 1.35. </p> <p> <br /> RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data on Friday, November 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. The company had revenue of $164.30 million for the quarter, compared to the consensus estimate of $164.56 million. During the same quarter last year, the business earned $0.78 earnings per share. RBC Bearings’s revenue was up 6.8% compared to the same quarter last year. research analysts predict that RBC Bearings will post 3.63 EPS for the current fiscal year.&nbsp;<br /> <div style="white-space:nowrap;"> <br /> </div> </p> <br /> <br /> In other RBC Bearings news, VP Richard J. Edwards sold 10,000 shares of RBC Bearings stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $121.54, for a total value of $1,215,400.00. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. Also, VP Thomas C. Crainer sold 15,000 shares of RBC Bearings stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $120.76, for a total value of $1,811,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,487 shares of company stock valued at $4,632,657. 3.70% of the stock is currently owned by corporate insiders.&nbsp;<br /> <img src="/membcentre/editor/attached/image/20180108/20180108110250_67626.png" alt="" /> <p> <br /> </p>
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