RBC Bearings (RBC) to Release Earnings on Thursday

RBC Bearings (NYSE:RBC) is expected to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $2.20 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

RBC Bearings Trading Up 0.2 %

RBC Bearings stock opened at $369.40 on Thursday. RBC Bearings has a 52 week low of $240.36 and a 52 week high of $372.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 3.43. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 50.74, a P/E/G ratio of 4.81 and a beta of 1.58. The company has a 50 day moving average price of $318.64 and a 200 day moving average price of $302.83.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RBC shares. Truist Financial lifted their target price on RBC Bearings from $351.00 to $410.00 and gave the company a “buy” rating in a research note on Monday. Bank of America downgraded shares of RBC Bearings from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $330.00 to $335.00 in a research report on Thursday, November 21st. Morgan Stanley increased their target price on shares of RBC Bearings from $360.00 to $390.00 and gave the stock an “overweight” rating in a research report on Tuesday. William Blair restated an “outperform” rating on shares of RBC Bearings in a report on Tuesday, November 26th. Finally, KeyCorp increased their price objective on RBC Bearings from $375.00 to $395.00 and gave the stock an “overweight” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $348.50.

Insider Activity

In other news, Director Michael H. Ambrose sold 400 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $362.89, for a total transaction of $145,156.00. Following the transaction, the director now owns 6,728 shares of the company’s stock, valued at approximately $2,441,523.92. This represents a 5.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.60% of the stock is owned by insiders.

RBC Bearings Company Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.