Analysts forecast that RBC Bearings Incorporated (NASDAQ:ROLL) will report $162.97 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for RBC Bearings’ earnings. The highest sales estimate is $163.74 million and the lowest is $162.20 million. RBC Bearings posted sales of $146.66 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.1%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, February 6th.

According to Zacks, analysts expect that RBC Bearings will report full-year sales of $162.97 million for the current fiscal year, with estimates ranging from $664.50 million to $676.78 million. For the next financial year, analysts expect that the company will post sales of $729.25 million per share, with estimates ranging from $717.70 million to $740.79 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $164.56 million. RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. RBC Bearings’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. 

A number of equities research analysts have issued reports on the company. CL King assumed coverage on RBC Bearings in a research note on Wednesday, November 29th. They set a “buy” rating and a $142.00 target price on the stock. Zacks Investment Research cut RBC Bearings from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. BidaskClub cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. ValuEngine cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Drexel Hamilton started coverage on RBC Bearings in a research note on Thursday, December 21st. They issued a “buy” rating and a $140.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $141.50.

Shares of RBC Bearings (NASDAQ ROLL) traded up $4.83 during mid-day trading on Monday, reaching $131.51. The company’s stock had a trading volume of 164,722 shares, compared to its average volume of 91,542. RBC Bearings has a fifty-two week low of $88.70 and a fifty-two week high of $139.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 4.68. The stock has a market capitalization of $3,082.53, a P/E ratio of 42.94, a PEG ratio of 5.80 and a beta of 1.35. 

In other news, VP Thomas C. Crainer sold 15,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $120.76, for a total transaction of $1,811,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Richard J. Edwards sold 10,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $121.54, for a total value of $1,215,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,487 shares of company stock worth $4,632,657 in the last ninety days. Insiders own 3.70% of the company’s stock. 

Several institutional investors and hedge funds have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in RBC Bearings by 1.3% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,287,621 shares of the industrial products company’s stock worth $286,296,000 after acquiring an additional 29,134 shares during the last quarter. BlackRock Inc. raised its stake in RBC Bearings by 2.8% in the 2nd quarter. BlackRock Inc. now owns 1,844,217 shares of the industrial products company’s stock worth $187,666,000 after acquiring an additional 49,694 shares during the last quarter. Vanguard Group Inc. raised its stake in RBC Bearings by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,817,613 shares of the industrial products company’s stock worth $184,960,000 after acquiring an additional 12,863 shares during the last quarter. Wasatch Advisors Inc. raised its stake in RBC Bearings by 20.4% in the 4th quarter. Wasatch Advisors Inc. now owns 1,198,672 shares of the industrial products company’s stock worth $151,512,000 after acquiring an additional 203,366 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in RBC Bearings by 2.2% in the 3rd quarter. Wells Fargo & Company MN now owns 629,102 shares of the industrial products company’s stock worth $78,732,000 after acquiring an additional 13,670 shares during the last quarter. Hedge funds and other institutional investors own 98.81% of the company’s stock.