NEWS

<p style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180627/20180627093719_84602.bmp" alt="" /> </p> <p style="text-align:left;"> William Blair reissued their outperform rating on shares of RBC Bearings (NASDAQ:ROLL) in a research note issued to investors on Thursday, May 31st. William Blair also issued estimates for RBC Bearings’ Q1 2019 earnings at $1.06 EPS, Q2 2019 earnings at $1.07 EPS, Q3 2019 earnings at $1.17 EPS, Q4 2019 earnings at $1.40 EPS, FY2019 earnings at $4.70 EPS and FY2020 earnings at $5.75 EPS.<br /> <br /> A number of other research analysts also recently issued reports on ROLL. BidaskClub upgraded RBC Bearings from a sell rating to a hold rating in a report on Saturday, May 26th. Zacks Investment Research upgraded RBC Bearings from a hold rating to a buy rating and set a $142.00 price objective for the company in a report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $139.40.<br /> <br /> RBC Bearings traded up $1.15, hitting $128.50, during mid-day trading on Thursday, Marketbeat reports. The company had a trading volume of 75,400 shares, compared to its average volume of 83,047. RBC Bearings has a fifty-two week low of $98.55 and a fifty-two week high of $139.95. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 4.74 and a beta of 1.30. The company has a current ratio of 4.60, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18.<br /> <br /> RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Wednesday, May 30th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.05). RBC Bearings had a return on equity of 11.96% and a net margin of 12.91%. The business had revenue of $179.90 million during the quarter, compared to the consensus estimate of $175.57 million. During the same quarter last year, the company earned $0.90 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. sell-side analysts predict that RBC Bearings will post 4.65 earnings per share for the current year.<br /> <br /> In other news, Director Richard R. Crowell sold 2,100 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $129.71, for a total value of $272,391.00. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Hartnett sold 37,900 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $130.21, for a total value of $4,934,959.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,882 shares of company stock valued at $24,153,962. Corporate insiders own 3.70% of the company’s stock.<br /> <br /> A number of large investors have recently added to or reduced their stakes in ROLL. Global X Management Co. LLC raised its holdings in RBC Bearings by 75.0% in the 4th quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 705 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in RBC Bearings by 58.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,857 shares of the industrial products company’s stock valued at $231,000 after acquiring an additional 687 shares in the last quarter. Guggenheim Capital LLC acquired a new position in RBC Bearings in the 4th quarter valued at $276,000. SG Americas Securities LLC raised its holdings in RBC Bearings by 56.4% in the 4th quarter. SG Americas Securities LLC now owns 2,368 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 854 shares in the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new position in RBC Bearings in the 4th quarter valued at $312,000. 97.33% of the stock is owned by institutional investors and hedge funds.<br /> </p>