RBC Bearings Incorporated (NASDAQ:ROLL) announced its earnings results on Friday. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02), Bloomberg Earnings reports. The company had revenue of $164.30 million for the quarter, compared to analyst estimates of $164.56 million. RBC Bearings had a net margin of 11.91% and a return on equity of 11.25%. RBC Bearings’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS.
RBC Bearings (NASDAQ ROLL) traded down $0.62 during mid-day trading on Friday, hitting $123.33. The stock had a trading volume of 120,963 shares, compared to its average volume of 64,856. The firm has a market cap of $3,047.34, a price-to-earnings ratio of 38.34 and a beta of 1.34.
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A number of equities research analysts have commented on the company. Zacks Investment Research cut RBC Bearings from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub upgraded RBC Bearings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th.
About RBC Bearings
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.
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