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RBC Bearings (NASDAQ:ROLL) Given Daily Coverage Optimism Score of 0.09
Media stories about RBC Bearings (NASDAQ:ROLL) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RBC Bearings earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 44.5933417951701 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days. 



RBC Bearings (ROLL) traded up $1.15 during mid-day trading on Thursday, hitting $127.74. 38,058 shares of the stock traded hands, compared to its average volume of 88,139. RBC Bearings has a 1 year low of $87.61 and a 1 year high of $139.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.68 and a quick ratio of 1.64. The stock has a market capitalization of $3,100.00, a P/E ratio of 43.30, a PEG ratio of 5.93 and a beta of 1.34. 



RBC Bearings (NASDAQ:ROLL) last released its earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $164.56 million. RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. RBC Bearings’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.78 EPS. equities analysts expect that RBC Bearings will post 3.63 EPS for the current fiscal year. 



ROLL has been the subject of several recent analyst reports. ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub cut shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. CL King initiated coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price objective for the company. Finally, Drexel Hamilton initiated coverage on shares of RBC Bearings in a report on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $139.50.




In other news, insider Michael J. Hartnett sold 1,687 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $128.28, for a total value of $216,408.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas C. Crainer sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $120.76, for a total transaction of $1,811,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,487 shares of company stock worth $4,504,657. 3.70% of the stock is owned by insiders. 




2024-12-29