17-May-2024
RBC Bearings Non-GAAP EPS of $2.47 beats by $0.12, revenue of $413.7M in-line
Seeking Alpha News (Fri, 17-May 8:07 AM ET)
RBC Bearings Incorporated Announces Fiscal Fourth Quarter and Full Year 2024 Results
Business Wire (Fri, 17-May 8:00 AM ET)
Options Volatility and Implied Earnings Moves Today, May 17, 2024
TipRanks (Fri, 17-May 7:05 AM ET)
Notable earnings before Friday's open
Seeking Alpha News (Thu, 16-May 11:42 AM ET)
RBC Bearings Q4 2024 Earnings Preview
Seeking Alpha News (Thu, 16-May 10:56 AM ET)
RBC Bearings to Webcast Fourth Quarter Fiscal Year 2024 Earnings Conference Call May 17th
Business Wire (Tue, 30-Apr 4:00 PM ET)
RBC Bearings to Participate in the Bank of America Global Industrials Conference
Business Wire (Tue, 12-Mar 4:01 PM ET)
RBC Bearings to Participate in the 14th Annual Alembic Global Advisors Investor Conference
Business Wire (Fri, 23-Feb 5:00 PM ET)
RBC Bearings Inc is a manufacturer and marketer of precision bearings and products used in aircraft and mechanical systems. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The products reduce wear in moving parts, facilitate proper power transmission, reduce damage and energy loss, and control pressure and flow. The primary customers for RBC Bearings are industrial markets and aerospace markets such as construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, commercial, private and military aircraft engines, and guided weaponry. The end market is the United States of America.
RBC Bearings trades on the NYSE stock market under the symbol RBC.
As of May 17, 2024, RBC stock price climbed to $289.28 with 365,384 million shares trading.
RBC has a beta of 1.02, meaning it tends to be more sensitive to market movements. RBC has a correlation of 0.29 to the broad based SPY ETF.
RBC has a market cap of $8.44 billion. This is considered a Mid Cap stock.
Last quarter RBC Bearings reported $374 million in Revenue and $1.85 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.11.
The top ETF exchange traded funds that RBC belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.
RBC stock has underperformed the market in the last year with a return of +28.7%, while SPY returned +29.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RBC shares. However, RBC has outperformed the market in the last 3 month and 2 week periods, returning +6.8% and +15.7%, while SPY returned +6.3% and +3.6%, respectively. This indicates RBC has been having a stronger performance recently.
RBC support price is $263.75 and resistance is $271.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RBC stock will trade within this expected range on the day.