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Somewhat Positive Media Coverage Somewhat Unlikely to Impact RBC Bearings (ROLL) Share Price









Media coverage about RBC Bearings (NASDAQ:ROLL) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RBC Bearings earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.0525076276009 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.



Here are some of the news headlines that may have impacted Accern’s rankings:



RBC Bearings' (RBC) Prospects Solid Amid Currency Headwinds (finance.yahoo.com)

RBC Bearings (ROLL) Set to Announce Earnings on Wednesday (americanbankingnews.com)

Zacks: Analysts Expect RBC Bearings Incorporated (ROLL) Will Post Quarterly Sales of $174.68 Million (americanbankingnews.com)

RBC Bearings Incorporated (ROLL) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)





ROLL has been the subject of several recent analyst reports. Zacks Investment Research cut RBC Bearings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. BidaskClub cut RBC Bearings from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $141.00.



ROLL stock opened at $122.86 on Friday. RBC Bearings has a 52-week low of $94.97 and a 52-week high of $139.95. The company has a quick ratio of 1.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 4.53 and a beta of 1.28.



In other news, VP Patrick S. Bannon sold 447 shares of RBC Bearings stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $124.00, for a total value of $55,428.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Hartnett sold 27,421 shares of RBC Bearings stock in a transaction on Monday, March 12th. The shares were sold at an average price of $128.06, for a total value of $3,511,533.26. The disclosure for this sale can be found here. Insiders sold 68,089 shares of company stock valued at $8,689,350 over the last ninety days. Insiders own 3.70% of the company’s stock.

2024-05-28