William Blair Weighs in on RBC Bearings Incorporated’s Q1 2018 Earnings (ROLL)

RBC Bearings Incorporated (NASDAQ:ROLL) – Equities researchers at William Blair issued their Q1 2018 EPS estimates for RBC Bearings in a research report issued on Wednesday. William Blair analyst N. Heymann anticipates that the brokerage will post earnings per share of $0.98 for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for RBC Bearings’ Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $0.96 EPS, Q4 2018 earnings at $1.19 EPS and FY2018 earnings at $4.20 EPS.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings results on Wednesday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. RBC Bearings had a net margin of 11.01% and a return on equity of 11.32%. The business had revenue of $146.70 million for the quarter, compared to analyst estimates of $147.66 million. During the same period in the previous year, the company earned $0.73 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis.

“William Blair Weighs in on RBC Bearings Incorporated’s Q1 2018 Earnings (ROLL)” was originally reported by sleekmoney and is the property of of sleekmoney. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark and copyright laws. The original version of this piece of content can be read at http://sleekmoney.com/william-blair-weighs-in-on-rbc-bearings-incorporateds-q1-2018-earnings-roll/1660480.html.

Earnings History and Estimates for RBC Bearings (NASDAQ:ROLL)

Separately, Zacks Investment Research cut shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Monday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. RBC Bearings currently has a consensus rating of “Hold” and a consensus target price of $83.25.

RBC Bearings (NASDAQ:ROLL) traded down 1.00% during trading on Monday, reaching $95.41. 35,901 shares of the company’s stock traded hands. The company has a market cap of $2.25 billion, a PE ratio of 33.14 and a beta of 1.17. RBC Bearings has a 12-month low of $59.21 and a 12-month high of $97.51. The company has a 50 day moving average price of $92.63 and a 200-day moving average price of $81.98.

A number of hedge funds have recently bought and sold shares of ROLL. Sei Investments Co. raised its stake in RBC Bearings by 134.4% in the third quarter. Sei Investments Co. now owns 1,498 shares of the company’s stock worth $114,000 after buying an additional 859 shares in the last quarter. Victory Capital Management Inc. raised its stake in RBC Bearings by 14.6% in the third quarter. Victory Capital Management Inc. now owns 1,659 shares of the company’s stock worth $127,000 after buying an additional 211 shares in the last quarter. Advisor Group Inc. raised its stake in RBC Bearings by 8.2% in the third quarter. Advisor Group Inc. now owns 1,774 shares of the company’s stock worth $136,000 after buying an additional 134 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in RBC Bearings during the fourth quarter worth approximately $180,000. Finally, Quantbot Technologies LP purchased a new stake in RBC Bearings during the third quarter worth approximately $218,000.

“William Blair Weighs in on RBC Bearings Incorporated’s Q1 2018 Earnings (ROLL)” was originally reported by sleekmoney and is the property of of sleekmoney. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark and copyright laws. The original version of this piece of content can be read at http://sleekmoney.com/william-blair-weighs-in-on-rbc-bearings-incorporateds-q1-2018-earnings-roll/1660480.html.

In other RBC Bearings news, Director Richard R. Crowell sold 10,500 shares of the company’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $92.20, for a total transaction of $968,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Hartnett sold 12,400 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $80.96, for a total transaction of $1,003,904.00. The disclosure for this sale can be found here. Insiders have sold 44,001 shares of company stock valued at $3,675,396 in the last 90 days. Insiders own 4.40% of the company’s stock.

About RBC Bearings

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.

5 Day Chart for NASDAQ:ROLL

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