RBC Bearings downgraded by BofA Securities with a new price target
$ROLL
Metal Fabrications
Industrials
BofA Securities downgraded RBC Bearings from Neutral to Underperform and set a new price target of $235.00 from $193.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/14/2022 | $193.00 → $235.00 | Neutral → Underperform | BofA Securities |
| 6/23/2022 | $193.00 | Buy → Neutral | BofA Securities |
| 3/11/2022 | $235.00 | Overweight | Wells Fargo |
| 2/17/2022 | $218.00 | Buy | BofA Securities |
| 12/20/2021 | $217.00 | Neutral | Goldman Sachs |
| 12/3/2021 | $263.00 | Overweight | Morgan Stanley |
| 12/1/2021 | $220.00 | Neutral | Citigroup |
| 9/23/2021 | $225.00 → $250.00 | Hold → Buy | Truist |
BofA Securities downgraded RBC Bearings from Neutral to Underperform and set a new price target of $235.00 from $193.00 previously
BofA Securities downgraded RBC Bearings from Buy to Neutral and set a new price target of $193.00
Wells Fargo initiated coverage of RBC Bearings with a rating of Overweight and set a new price target of $235.00
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today reported results for the first quarter of fiscal 2023. Key Highlights First quarter net sales of $354.1 million increased 126.7% over last year; organic net sales up 13.1%. First quarter gross margin of $141.2 million, 39.9%. First quarter EBITDA of 27.4%; adjusted EBITDA of 28.4% vs last year adjusted EBITDA of 29.0%. Second quarter outlook shows net sales of $355 million to $365 million, a growth rate of 121% to 127%. First quarter GAAP diluted EPS $1.09, adjus
Webcast is Live at 12:00 p.m. (ET) RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it will release its first quarter fiscal 2023 financial results before market open on Thursday, August 4th. RBC Bearings will host a conference call to discuss the results on Thursday, August 4th at 12:00 p.m. ET. Dr. Michael J. Hartnett, Chairman, President and Chief Executive Officer; Daniel A. Bergeron, Vice President and Chief Operating Officer; and Robert M. Sullivan, Vice President and Chief Financial Officer will re
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today reported results for the fourth quarter of fiscal year 2022. Key Highlights Fourth quarter net sales of $358.9 million increased 123.9% over last year; organic net sales up 10.4%. Fourth quarter gross margin of $137.5 million, 38.3%; adjusted gross margin of $144.3 million, 40.2% compared to 39.1% for the same period last year. Fourth quarter EBITDA of 25.6%; adjusted EBITDA of 29.1% vs last year adjusted EBITDA of 28.6%. First quarter outlook shows net sales of $3
Analysts have provided the following ratings for RBC Bearings (NASDAQ:ROLL) within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 1 1 0 Last 30D 0 0 0 1 0 1M Ago 0 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 1 0 0 According to 4 analyst offering 12-month price targets in the last 3 months, RBC Bearings has an average price target of $237.0 with a high of $285.00 and a low of $193.00. Below is a summary of how these 4 analysts rated RBC Bearings over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts a
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RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it is transferring the listing of its common stock and its 5.00% Series A Mandatory Convertible Preferred Stock to the New York Stock Exchange from The Nasdaq Global Select Market. The RBC common stock and Series A Preferred Stock are expected to begin trading on the NYSE on Monday, September 26, 2022, under the ticker symbols of "RBC" and "RBCP," respectively. The common stock and the Series A Preferred Stock are expected to continue to trade on Nasdaq until
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it will participate in the Morgan Stanley Laguna Conference on September 15, 2022. Materials shared during the conference will be available online at: http://investor.rbcbearings.com. Chairman, President and Chief Executive Officer, Dr. Michael J. Hartnett, and Vice President, Barry Boyan will be representing the Company in person. About RBC Bearings RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bear
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today reported results for the first quarter of fiscal 2023. Key Highlights First quarter net sales of $354.1 million increased 126.7% over last year; organic net sales up 13.1%. First quarter gross margin of $141.2 million, 39.9%. First quarter EBITDA of 27.4%; adjusted EBITDA of 28.4% vs last year adjusted EBITDA of 29.0%. Second quarter outlook shows net sales of $355 million to $365 million, a growth rate of 121% to 127%. First quarter GAAP diluted EPS $1.09, adjus
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RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that Mr. Alan B. Levine has retired from the Board of Directors of RBC Bearings. "I want to sincerely thank Alan for his many years of service to the Board and to the Company and wish him all the best in his future endeavors," said Chairman, President and Chief Executive Officer, Dr. Michael J. Hartnett. Dr. Hartnett added, "I am pleased that Alan will continue to advise the Company on strategic projects and financial matters." Similarly, Vice President, Chief O