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RBC Bearings (ROLL) Receiving Somewhat Positive Press Coverage, Report Shows

17 Jul,2018

Media stories about RBC Bearings (NASDAQ:ROLL) have trended somewhat positive on Monday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RBC Bearings earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.6920568525237 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

RBC Bearings Incorporated (ROLL) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
RBC Bearings Incorporated (ROLL) Expected to Announce Quarterly Sales of $176.02 Million (americanbankingnews.com)
RBC Bearings Incorporated (ROLL) CEO Sells $728,460.00 in Stock (americanbankingnews.com)
RBC Bearings Incorporated (ROLL) Director Amir Faghri Sells 2,500 Shares (americanbankingnews.com)
Michael J. Hartnett Sells 10,179 Shares of RBC Bearings Incorporated (ROLL) Stock (americanbankingnews.com)

RBC Bearings traded up $0.02, hitting $135.40, during mid-day trading on Monday, MarketBeat Ratings reports. 1,398 shares of the company’s stock traded hands, compared to its average volume of 87,488. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.60 and a quick ratio of 1.69. The company has a market capitalization of $3.30 billion, a P/E ratio of 34.99, a PEG ratio of 4.96 and a beta of 1.34. RBC Bearings has a one year low of $101.08 and a one year high of $139.95.

RBC Bearings (NASDAQ:ROLL) last issued 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 net margin of 12.91% and a return on equity of 11.96%. The firm had revenue of $179.90 million for the quarter, compared to analyst estimates of $175.57 million. During the same quarter last year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. research analysts expect that RBC Bearings will post 4.65 earnings per share for the current fiscal year.

ROLL has been the topic of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of RBC Bearings in a research note on Thursday, May 31st. BidaskClub raised RBC Bearings from a “sell” rating to a “hold” rating in a research note on Saturday, May 26th. SunTrust Banks initiated coverage on RBC Bearings in a research note on Wednesday, June 20th. They set a “hold” rating and a $133.00 target price on the stock. Finally, Zacks Investment Research downgraded RBC Bearings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $139.40.

In other news, Director Amir Faghri sold 2,500 shares of RBC Bearings stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $132.94, for a total transaction of $332,350.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Hartnett sold 105,202 shares of RBC Bearings stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $128.34, for a total value of $13,501,624.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 228,736 shares of company stock worth $29,640,452. 3.70% of the stock is owned by insiders.

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