RBC Bearings (NYSE:RBC) Announces Earnings Results, Beats Expectations By $0.22 EPS

RBC Bearings (NYSE:RBCGet Free Report) posted its earnings results on Friday. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.22, Briefing.com reports. The firm had revenue of $413.70 million during the quarter, compared to the consensus estimate of $414.21 million. RBC Bearings had a net margin of 13.45% and a return on equity of 9.92%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS. RBC Bearings updated its Q1 2025 guidance to EPS.

RBC Bearings Stock Performance

NYSE RBC traded up $7.07 during trading hours on Monday, hitting $296.35. The company had a trading volume of 99,508 shares, compared to its average volume of 132,458. RBC Bearings has a fifty-two week low of $195.18 and a fifty-two week high of $298.50. The company has a quick ratio of 1.12, a current ratio of 3.28 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $260.39 and a 200-day simple moving average of $262.57. The firm has a market cap of $8.35 billion, a P/E ratio of 45.72, a price-to-earnings-growth ratio of 5.51 and a beta of 1.46.

Insider Activity

In other news, COO Daniel A. Bergeron sold 15,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $267.22, for a total transaction of $4,008,300.00. Following the transaction, the chief operating officer now directly owns 121,935 shares of the company’s stock, valued at $32,583,470.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their price target on RBC Bearings from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $275.86.

View Our Latest Analysis on RBC Bearings

RBC Bearings Company Profile

(Get Free Report)

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.

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Earnings History for RBC Bearings (NYSE:RBC)

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