RBC Bearings (RBC) Set to Announce Quarterly Earnings on Friday

RBC Bearings (NYSE:RBC) will announce its earnings results before the market opens on Friday, August 2nd. Analysts expect RBC Bearings to post earnings of $2.21 per share for the quarter. RBC Bearings has set its Q1 2025 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

RBC Bearings (NYSE:RBC) last issued its quarterly earnings data on Friday, May 17th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.22. The business had revenue of $413.70 million for the quarter, compared to analyst estimates of $414.21 million. RBC Bearings had a return on equity of 9.81% and a net margin of 13.45%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.06 EPS. 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 Stock Performance

Shares of NYSE RBC opened at $291.00 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.16 and a current ratio of 3.28. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 45.47, a P/E/G ratio of 3.57 and a beta of 1.51. The business’s 50-day simple moving average is $283.09 and its 200-day simple moving average is $271.89. RBC Bearings has a 52 week low of $203.65 and a 52 week high of $309.01.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RBC. Raymond James initiated coverage on RBC Bearings in a research note on Friday, June 28th. They set a “market perform” rating for the company. Truist Financial dropped their price target on RBC Bearings from $328.00 to $315.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. William Blair initiated coverage on RBC Bearings in a report on Wednesday, May 29th. They set an “outperform” rating for the company. The Goldman Sachs Group raised their price target on RBC Bearings from $245.00 to $276.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Finally, Morgan Stanley raised their price target on RBC Bearings from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, RBC Bearings presently has an average rating of “Moderate Buy” and an average price target of $284.71.

Insider Transactions at RBC Bearings

In other news, Director Michael H. Ambrose sold 600 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $279.16, for a total value of $167,496.00. Following the transaction, the director now directly owns 6,728 shares in the company, valued at approximately $1,878,188.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.

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.