RBC Bearings (RBC) to Release Earnings on Thursday

RBC Bearings (NYSE:RBC - Get Free Report) is expected to be posting its quarterly 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. Persons that are interested in participating in the company's earnings conference call can do so using this link.

RBC Bearings Trading Down 1.3 %

RBC Bearings stock traded down $4.72 during trading hours on Thursday, hitting $364.78. The company had a trading volume of 141,302 shares, compared to its average volume of 163,033. The firm has a market cap of $11.46 billion, a P/E ratio of 50.11, 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 two-hundred day moving average price of $302.83. RBC Bearings has a 1 year low of $240.36 and a 1 year 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.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other RBC Bearings news, Director Michael H. Ambrose sold 400 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $362.89, for a total value of $145,156.00. Following the sale, the director now directly owns 6,728 shares of the company's stock, valued at approximately $2,441,523.92. This trade represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company's stock.

About RBC Bearings

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.