(March 21, 2011)
Shares of RBC Bearings Incorporated (ROLL) saw unusually high trading volume on Monday. Approximately 181,118 shares changed hands during mid-day trading, an increase of 48.07% from the previous session. The stock last traded at $34.81.
Separately, 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.
Shares of RBC Bearings Incorporated traded up 2.35% during mid-day trading on Monday, hitting $34.81. RBC Bearings Incorporated has a 52 week low of $25.61 and a 52 week high of $40.00. The stock’s 50-day moving average is $36.40 and its 200-day moving average is $35.6. The company has a market cap of $768.4 million and a price-to-earnings ratio of 21.54.
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.
Other News:
SKF’s North America Chief Jeppesen Says Demand Keeps Growing
RBC Bearings Incorporated (ROLL) Posts Large Volume Increase, Hits $34.81
Trelleborg Sealing Solutions New North and Latin America logistics Headquarters
SKF Taiwan wins Recognition from the National Taiwan University of Science & Technology for Solution Factory 100 Ma
Tohoku Pacific Coast Earthquake Effects on MISUMI Group Inc.
Earthquake's Impact on THK Production Division (Updated March 21, 2011, 10:00 a.m.)
PBC Linear Announces Expanded Products in Miniature Linear Motion
Koyo Suffers No Direct Impact from Quake
