RBC Bearings (ROLL) Getting Somewhat Positive Media Coverage, Accern Reports
04 Jun,2018
News headlines about RBC Bearings (NASDAQ:ROLL) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. RBC Bearings earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave press coverage 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 effect on the company’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
RBC Bearings (ROLL) PT Raised to $146 at Drexel Hamilton (streetinsider.com)
RBC Bearings Incorporated Expected to Earn Q1 2019 Earnings of $1.06 Per Share (ROLL) (americanbankingnews.com)
RBC Bearings’ (ROLL) Outperform Rating Reaffirmed at William Blair (americanbankingnews.com)
RBC Bearings’ (ROLL) Q4 Earnings Miss Estimates, Up Y/Y (msn.com)
Edited Transcript of ROLL earnings conference call or presentation 30-May-18 3:00pm GMT (finance.yahoo.com)
Several equities analysts have commented on ROLL shares. BidaskClub raised shares of RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Zacks Investment Research cut shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, William Blair reissued an “outperform” rating on shares of RBC Bearings in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $141.00.
ROLL stock opened at $128.04 on Friday. RBC Bearings has a 52 week low of $98.55 and a 52 week high of $139.95. The stock has a market cap of $3.03 billion, a P/E ratio of 33.09, a P/E/G ratio of 4.54 and a beta of 1.28. The company has a current ratio of 4.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.23.
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 net margin of 12.91% and a return on equity of 12.20%. The business had revenue of $179.90 million during the quarter, compared to analysts’ expectations of $175.57 million. During the same period last year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. equities analysts predict that RBC Bearings will post 4.68 earnings per share for the current year.
In other RBC Bearings news, insider Michael J. Hartnett sold 27,421 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $128.06, for a total transaction of $3,511,533.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Amir Faghri sold 4,500 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $125.31, for a total transaction of $563,895.00. The disclosure for this sale can be found here. Insiders sold 68,089 shares of company stock valued at $8,689,350 in the last three months. Company insiders own 3.70% of the company’s stock.