RBC Bearings (NYSE:RBC) Releases Earnings Results, Beats Expectations By $0.10 EPS

Key Points

• RBC Bearings reported earnings of $2.84 per share, exceeding expectations of $2.74 by $0.10, and recorded revenue of $436 million for the quarter, up 7.3% compared to last year.
• The company's stock rose by 2.9% to reach $398.71 following the earnings release, with a current market cap of $12.58 billion.
• Insider transactions included CEO Michael J. Hartnett selling 9,000 shares at approximately $371.37 per share, reducing his ownership by 2.89%.

RBC Bearings (NYSE:RBC - Get Free Report) issued its earnings results on Friday. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.74 by $0.10, Briefing.com reports. RBC Bearings had a net margin of 15.05% and a return on equity of 10.08%. The company had revenue of $436.00 million for the quarter, compared to analysts' expectations of $432.63 million. During the same period in the prior year, the firm earned $2.54 EPS. RBC Bearings's quarterly revenue was up 7.3% compared to the same quarter last year. RBC Bearings updated its Q2 2026 guidance to EPS.

RBC Bearings Stock Up 2.9%

Shares of RBC traded up $11.37 during trading hours on Friday, reaching $398.71. 265,532 shares of the stock traded hands, compared to its average volume of 151,471. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 50.22, a PEG ratio of 3.28 and a beta of 1.71. The company has a current ratio of 3.26, a quick ratio of 1.18 and a debt-to-equity ratio of 0.30. RBC Bearings has a 52 week low of $260.53 and a 52 week high of $405.18. The stock has a fifty day simple moving average of $380.32 and a 200 day simple moving average of $354.63.

Insider Activity at RBC Bearings

In other news, CEO Michael J. Hartnett sold 9,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $371.37, for a total value of $3,342,330.00. Following the sale, the chief executive officer owned 302,853 shares of the company's stock, valued at $112,470,518.61. The trade was a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven H. Kaplan sold 400 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $381.30, for a total transaction of $152,520.00. Following the transaction, the director directly owned 2,499 shares of the company's stock, valued at approximately $952,868.70. This represents a 13.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,973 shares of company stock worth $29,186,872. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On RBC Bearings

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBC. Goldman Sachs Group Inc. raised its holdings in RBC Bearings by 2.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 211,744 shares of the industrial products company's stock worth $68,133,000 after purchasing an additional 4,253 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in RBC Bearings by 1.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,770 shares of the industrial products company's stock worth $21,163,000 after purchasing an additional 923 shares in the last quarter. Jane Street Group LLC raised its holdings in RBC Bearings by 198.2% in the 1st quarter. Jane Street Group LLC now owns 4,861 shares of the industrial products company's stock worth $1,564,000 after purchasing an additional 3,231 shares in the last quarter. AQR Capital Management LLC raised its holdings in RBC Bearings by 27.8% in the 1st quarter. AQR Capital Management LLC now owns 1,297 shares of the industrial products company's stock worth $417,000 after purchasing an additional 282 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in shares of RBC Bearings by 32.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,229 shares of the industrial products company's stock worth $395,000 after buying an additional 303 shares during the period.

Analyst Ratings Changes

A number of brokerages have issued reports on RBC. The Goldman Sachs Group increased their target price on shares of RBC Bearings from $375.00 to $416.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft began coverage on RBC Bearings in a research note on Wednesday, July 16th. They set a "buy" rating and a $480.00 target price for the company. KeyCorp raised their target price on RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Morgan Stanley reiterated an "overweight" rating and issued a $415.00 target price (up previously from $390.00) on shares of RBC Bearings in a research report on Tuesday, May 20th. Finally, Truist Financial lifted their target price on RBC Bearings from $405.00 to $431.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $421.17.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems 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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