RBC Bearings logoMedia coverage about RBC Bearings (NASDAQ:ROLL) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RBC Bearings earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.9509643423446 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.



Here are some of the media stories that may have effected Accern’s analysis:



Michael J. Hartnett Sells 15,850 Shares of RBC Bearings Incorporated (ROLL) Stock (americanbankingnews.com)



RBC Bearings Incorporated (ROLL) CEO Michael J. Hartnett Sells 4,325 Shares (americanbankingnews.com)



RBC Bearings Incorporated (ROLL) CEO Sells $466,776.00 in Stock (americanbankingnews.com)



Why Is RBC Bearings (ROLL) Up 4.9% Since Its Last Earnings Report? (finance.yahoo.com)



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

 

ROLL traded up $1.72 during midday trading on Thursday, reaching $129.96. 1,117 shares of the company were exchanged, compared to its average volume of 97,465. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 4.60. The firm has a market capitalization of $3.13 billion, a P/E ratio of 33.58, a P/E/G ratio of 4.70 and a beta of 1.34. RBC Bearings has a one year low of $100.23 and a one year high of $139.95.



RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data on Wednesday, May 30th. The industrial products company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). The company had revenue of $179.90 million for the quarter, compared to the consensus estimate of $175.57 million. RBC Bearings had a return on equity of 11.96% and a net margin of 12.91%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share. equities analysts forecast that RBC Bearings will post 4.65 earnings per share for the current year.



In other RBC Bearings news, Director Richard R. Crowell sold 2,100 shares of the business’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 transaction of $272,391.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael J. Hartnett sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $132.02, for a total value of $1,056,160.00. The disclosure for this sale can be found here. Insiders have sold a total of 210,657 shares of company stock valued at $27,212,908 over the last three months. Corporate insiders own 3.70% of the company’s stock.