(March 1st, 2011)
Shares of RBC Bearings Incorporated (ROLL) saw unusually high trading volume on Tuesday. Approximately 101,200 shares changed hands during mid-day trading, an increase of 12.61% from the previous session. The stock last traded at $36.04.
On a related note, analysts at Zacks Investment Research downgraded shares of RBC Bearings Incorporated from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, February 10th.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision plain, roller and ball bearings. The Company focuses primarily on technical or regulated bearing products for specialized markets that require sophisticated design, testing and manufacturing capabilities. The Company operates in four product segments: Plain Bearings, Roller Bearings, Ball Bearings and other. As of April 3, 2010, it has 26 facilities, of which 23 are manufacturing facilities in four countries. The Company serves a range of end markets and classifies its customers into two principal categories: diversified industrial and aerospace and defense.
RBC Bearings Incorporated last announced its quarterly results on Thursday, February 10th. The company reported $0.37 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.41 EPS by $0.04. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts predict that RBC Bearings Incorporated will post $0.49 EPS next quarter.
Shares of RBC Bearings Incorporated (ROLL) traded down 0.41% during mid-day trading on Tuesday, hitting $36.04. RBC Bearings Incorporated has a 52 week low of $25.41 and a 52 week high of $40.00. The stock’s 50-day moving average is $37.09 and its 200-day moving average is $35.25. The company has a market cap of $795.5 million and a price-to-earnings ratio of 22.92.
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