(April 12, 2011)
Shares of RBC Bearings Incorporated (ROLL) saw unusually high trading volume on Tuesday. Approximately 78,979 shares changed hands during mid-day trading, an increase of 2.80% from the previous session. The stock last traded at $36.71.
Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of RBC Bearings Incorporated in a research note to investors on Thursday, March 31st.
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 down 1.45% during mid-day trading on Tuesday, hitting $36.63. RBC Bearings Incorporated has a 52 week low of $25.61 and a 52 week high of $40.34. The stock’s 50-day moving average is $36.56 and its 200-day moving average is $36.3. The company has a market cap of $808.6 million and a price-to-earnings ratio of 23.54.
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:
RBC Bearings Incorporated (ROLL) Posts Large Volume Increase, Hits $36.71
Kaydon Corporation Closes Acquisition of HAHN-Gasfedern Gmbh
Timken, SAE International Present Innovation Award to Chrysler's Dr. Mircea Gradu
Earthquake's Impact on THK Production Division
Schaeffler (UK) Ltd Offers UK Customers a Rapid Delivery Service for Machined Shafts and Linear Guidance Systems
SKF Microlog Advisor Pro Puts on-the-spot Expert Knowledge in Technicians' Hands
SKF Reaches FTSE4Good Requirements for the 10th Year in a Row
RBC Bearings Inc. (ROLL) President and CEO Michael J Hartnett sells 13,103 Shares
