Wall Street analysts predict that RBC Bearings Incorporated (NASDAQ:ROLL) will post earnings per share (EPS) of $0.88 for the current quarter, according to Zacks. Three analysts have issued estimates for RBC Bearings’ earnings. The lowest EPS estimate is $0.83 and the highest is $0.93. RBC Bearings reported earnings of $0.86 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2.3%. The company is scheduled to announce its next earnings results on Thursday, May 25th.

On average, analysts expect that RBC Bearings will report full-year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.11 to $3.20. For the next fiscal year, analysts expect that the company will report earnings of $3.64 per share, with EPS estimates ranging from $3.31 to $4.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Wednesday, February 8th. The industrial products company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $146.70 million for the quarter, compared to analysts’ expectations of $147.66 million. RBC Bearings had a net margin of 11.01% and a return on equity of 11.32%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share.

Separately, Zacks Investment Research raised RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th.

In other RBC Bearings news, insider Michael J. Hartnett sold 14,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.14, for a total value of $1,327,374.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 54,896 shares of company stock worth $5,199,035. 4.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Sei Investments Co. raised its position in shares of RBC Bearings by 134.4% in the third quarter. Sei Investments Co. now owns 1,498 shares of the industrial products company’s stock worth $114,000 after buying an additional 859 shares during the last quarter. Victory Capital Management Inc. raised its stake in RBC Bearings by 14.6% in the third quarter. Victory Capital Management Inc. now owns 1,659 shares of the industrial products company’s stock valued at $127,000 after buying an additional 211 shares in the last quarter. Advisor Group Inc. raised its stake in RBC Bearings by 8.2% in the third quarter. Advisor Group Inc. now owns 1,774 shares of the industrial products company’s stock valued at $136,000 after buying an additional 134 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in RBC Bearings during the fourth quarter valued at about $180,000. Finally, Oxford Asset Management purchased a new stake in RBC Bearings during the fourth quarter valued at about $250,000.

Shares of RBC Bearings (NASDAQ:ROLL) traded up 1.22% during mid-day trading on Thursday, reaching $102.20. 106,403 shares of the company traded hands. The firm’s 50 day moving average price is $95.55 and its 200-day moving average price is $89.33. The company has a market capitalization of $2.41 billion, a P/E ratio of 35.50 and a beta of 1.17. RBC Bearings has a 52-week low of $67.99 and a 52-week high of $102.64.