NEWS

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180606/20180606095505_63066.bmp" alt="" /> </p> <p style="text-align:left;"> Wall Street analysts predict that RBC Bearings Incorporated (NASDAQ:ROLL) will post earnings per share (EPS) of $0.88 for the current quarter, according to Zacks. Three analysts have issued estimates for RBC Bearings’ earnings. The lowest EPS estimate is $0.83 and the highest is $0.93. RBC Bearings reported earnings of $0.86 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2.3%. The company is scheduled to announce its next earnings results on Thursday, May 25th.<br /> <br /> On average, analysts expect that RBC Bearings will report full-year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.11 to $3.20. For the next fiscal year, analysts expect that the company will report earnings of $3.64 per share, with EPS estimates ranging from $3.31 to $4.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for RBC Bearings.<br /> <br /> RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Wednesday, February 8th. The industrial products company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $146.70 million for the quarter, compared to analysts’ expectations of $147.66 million. RBC Bearings had a net margin of 11.01% and a return on equity of 11.32%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share.<br /> <br /> Separately, Zacks Investment Research raised RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th.<br /> <br /> In other RBC Bearings news, insider Michael J. Hartnett sold 14,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.14, for a total value of $1,327,374.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 54,896 shares of company stock worth $5,199,035. 4.40% of the stock is currently owned by corporate insiders.<br /> <br /> Institutional investors have recently made changes to their positions in the stock. Sei Investments Co. raised its position in shares of RBC Bearings by 134.4% in the third quarter. Sei Investments Co. now owns 1,498 shares of the industrial products company’s stock worth $114,000 after buying an additional 859 shares during 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 industrial products company’s stock valued at $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 industrial products company’s stock valued at $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 valued at about $180,000. Finally, Oxford Asset Management purchased a new stake in RBC Bearings during the fourth quarter valued at about $250,000.<br /> <br /> Shares of RBC Bearings (NASDAQ:ROLL) traded up 1.22% during mid-day trading on Thursday, reaching $102.20. 106,403 shares of the company traded hands. The firm’s 50 day moving average price is $95.55 and its 200-day moving average price is $89.33. The company has a market capitalization of $2.41 billion, a P/E ratio of 35.50 and a beta of 1.17. RBC Bearings has a 52-week low of $67.99 and a 52-week high of $102.64. </p>