RBC Bearings (RBC) to Release Quarterly Earnings on Friday

RBC Bearings (NYSE:RBC) is set to announce its earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $2.10 per share for the quarter. RBC Bearings has set its Q2 2025 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

RBC Bearings (NYSE:RBC) last released its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.33. RBC Bearings had a return on equity of 10.04% and a net margin of 14.01%. The business had revenue of $406.30 million for the quarter, compared to analysts’ expectations of $416.65 million. During the same quarter in the previous year, the business posted $1.98 EPS. RBC Bearings’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts expect RBC Bearings to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

RBC Bearings Trading Up 0.2 %

NYSE:RBC opened at $286.52 on Thursday. RBC Bearings has a fifty-two week low of $214.49 and a fifty-two week high of $309.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.01 and a quick ratio of 1.09. The stock has a market capitalization of $8.37 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 3.30 and a beta of 1.51. The business’s 50-day simple moving average is $290.28 and its 200-day simple moving average is $280.89.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their target price on RBC Bearings from $328.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $287.67.

Insider Transactions at RBC Bearings

In other news, CEO Michael J. Hartnett sold 503 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $289.00, for a total transaction of $145,367.00. Following the sale, the chief executive officer now owns 322,588 shares in the company, valued at $93,227,932. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Richard J. Edwards sold 4,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $292.67, for a total transaction of $1,229,214.00. Following the sale, the vice president now owns 12,539 shares in the company, valued at $3,669,789.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael J. Hartnett sold 503 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $289.00, for a total value of $145,367.00. Following the transaction, the chief executive officer now directly owns 322,588 shares in the company, valued at $93,227,932. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,327 shares of company stock worth $11,900,641 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

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.