RBC Bearings - RBC Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RBC Bearings in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RBC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RBC, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 12-month target prices for RBC Bearings' stock. Their RBC share price forecasts range from $193.00 to $283.00. On average, they expect the company's share price to reach $237.57 in the next year. This suggests that the stock has a possible downside of 4.1%.
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RBC Bearings' stock was trading at $209.35 at the start of the year. Since then, RBC shares have increased by 18.4% and is now trading at $247.77.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our RBC earnings forecast.

RBC Bearings will be holding an earnings conference call on Friday, February 10th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13735439".

RBC Bearings Incorporated (NYSE:RBC) announced its quarterly earnings results on Thursday, November, 10th. The industrial products company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.63 by $0.18. The industrial products company earned $369.17 million during the quarter, compared to the consensus estimate of $361.32 million. RBC Bearings had a net margin of 7.98% and a trailing twelve-month return on equity of 7.48%.

RBC Bearings issued an update on its third quarter 2023 earnings guidance on Saturday, December, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $348.00 million-$360.00 million, compared to the consensus revenue estimate of $361.87 million.

142 employees have rated RBC Bearings Chief Executive Officer Mark J. Gliebe on Glassdoor.com. Mark J. Gliebe has an approval rating of 34% among the company's employees. This puts Mark J. Gliebe in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other RBC Bearings investors own include Johnson & Johnson (JNJ), 3M (MMM), Netflix (NFLX), NVIDIA (NVDA), Verizon Communications (VZ), Home Depot (HD), Mastercard (MA), Exxon Mobil (XOM), AbbVie (ABBV) and CVS Health (CVS).

RBC Bearings trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBC."

Shares of RBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RBC stock can currently be purchased for approximately $247.77.

RBC Bearings (NYSE:RBC) has a market capitalization of $7.19 billion and generates $942.90 million in revenue each year. The industrial products company earns $54.71 million in net income (profit) each year or $3.12 on an earnings per share basis.

The company employs 3,549 workers across the globe.

RBC Bearings' mailing address is ONE TRIBOLOGY CENTER, OXFORD CT, 06478. The official website for the company is www.rbcbearings.com. The industrial products company can be reached via phone at (203) 267-7001, via email at investors@rbcbearings.com, or via fax at 203-267-5000.