RBC Bearings Incorporated (NASDAQ: ROLL) was downgraded by equities researchers at RBC Capital from an “outperform” rating to a “market perform” rating in a report issued on Thursday.

RBC Bearings Incorporated opened at 51.87 on Thursday. RBC Bearings Incorporated has a 1-year low of $42.14 and a 1-year high of $53.05. The stock’s 50-day moving average is currently $49.53. The company has a market cap of $1.156 billion and a price-to-earnings ratio of 19.46.

RBC Bearings Incorporated last released its earnings data on Friday, November 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.13. The company had revenue of $100.40 million for the quarter, compared to the consensus estimate of $104.00 million. During the same quarter in 2012, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that RBC Bearings Incorporated will post $2.59 earnings per share for the current fiscal year.

Separately, analysts at William Blair downgraded shares of RBC Bearings Incorporated from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. They now have a $55.00 price target on the stock.

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision plain, roller and ball bearings.

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