William Blair Weighs in on RBC Bearings Incorporated’s Q4 2017 Earnings (ROLL)

RBC Bearings Incorporated (NASDAQ:ROLL) – Stock analysts at William Blair reduced their Q4 2017 earnings per share estimates for shares of RBC Bearings in a report issued on Wednesday. William Blair analyst N. Heymann now anticipates that the firm will post earnings per share of $0.93 for the quarter, down from their prior estimate of $0.95. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for RBC Bearings’ FY2019 earnings at $5.00 EPS.

RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Wednesday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $0.73 EPS. RBC Bearings’s revenue was up 1.7% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This article was reported by sleekmoney and is the sole property of of sleekmoney. If you are viewing this article on another domain, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this article can be viewed at http://sleekmoney.com/william-blair-weighs-in-on-rbc-bearings-incorporateds-q4-2017-earnings-roll/1655881.html.

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

Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a research report on Friday. Seaport Global Securities lowered shares of RBC Bearings from an “accumulate” rating to a “neutral” rating and set a $73.00 price objective on the stock. in a research report on Friday, October 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $83.25.

RBC Bearings (NASDAQ:ROLL) opened at 96.41 on Friday. RBC Bearings has a 1-year low of $59.95 and a 1-year high of $96.54. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 31.51 and a beta of 1.17. The company has a 50-day moving average of $92.53 and a 200-day moving average of $81.77.

Institutional investors have recently added to or reduced their stakes in the stock. Bbva Compass Bancshares Inc. increased its position in RBC Bearings by 47.4% in the second quarter. Bbva Compass Bancshares Inc. now owns 11,322 shares of the company’s stock valued at $820,000 after buying an additional 3,641 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in RBC Bearings by 22.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 472,666 shares of the company’s stock valued at $34,268,000 after buying an additional 85,697 shares in the last quarter. Palisade Capital Management LLC NJ increased its position in RBC Bearings by 6.4% in the second quarter. Palisade Capital Management LLC NJ now owns 45,934 shares of the company’s stock valued at $3,330,000 after buying an additional 2,762 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in RBC Bearings during the second quarter valued at approximately $281,000. Finally, Neuberger Berman Group LLC increased its position in RBC Bearings by 3.4% in the second quarter. Neuberger Berman Group LLC now owns 1,634,074 shares of the company’s stock valued at $118,470,000 after buying an additional 53,396 shares in the last quarter. Hedge funds and other institutional investors own 98.13% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was reported by sleekmoney and is the sole property of of sleekmoney. If you are viewing this article on another domain, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this article can be viewed at http://sleekmoney.com/william-blair-weighs-in-on-rbc-bearings-incorporateds-q4-2017-earnings-roll/1655881.html.

In other RBC Bearings news, Director Richard R. Crowell sold 10,500 shares of the company’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $92.20, for a total value of $968,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael J. Hartnett sold 66,499 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $81.71, for a total transaction of $5,433,633.29. The disclosure for this sale can be found here. Insiders have sold 110,500 shares of company stock worth $9,109,029 over the last ninety 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

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/william-blair-weighs-in-on-rbc-bearings-incorporateds-q4-2017-earnings-roll/1655881.html

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