RBC Bearings(RBC)
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RBC Bearings (RBC) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2025-01-31 15:16
RBC Bearings (RBC) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $2.20 per share. This compares to earnings of $1.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.36%. A quarter ago, it was expected that this maker of bearings and components would post earnings of $2.30 per share when it actually produced earnings of $2.29, delivering a surprise of -0.43%.Over the last four qu ...
RBC Bearings(RBC) - 2025 Q3 - Quarterly Results
2025-01-31 14:14
Exhibit 99.1 RBC Bearings Incorporated Announces Fiscal Third Quarter 2025 Results Oxford, CT – January 31, 2025 – RBC Bearings Incorporated (NYSE: RBC), 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 third quarter of fiscal 2025. Third Quarter Financial Highlights Three Month Financial Highlights | | | | Fiscal 2025 | | | | Fiscal 2024 | | Change | | | --- | - ...
RBC Bearings: I Couldn't Bear To Wait Until Earnings For A Downgrade
Seeking Alpha· 2025-01-24 23:09
Investment Service Overview - The service focuses on oil and natural gas investments, emphasizing cash flow analysis and companies with strong value and growth potential [1] - Subscribers gain access to a model account with over 50 stocks, in-depth cash flow analyses of E&P firms, and live chat discussions about the sector [2] - A two-week free trial is available for new subscribers [3] Investment Strategy - The "hold" rating indicates that the stock is expected to perform in line with the broader market in the foreseeable future [1] - The service prioritizes cash flow generation as a key metric for identifying value and growth opportunities in the oil and gas sector [1]
RBC Bearings Gains From Strength in Aerospace Market, Risks Remain
ZACKS· 2025-01-06 15:46
RBC Bearings Incorporated (RBC) is benefiting from persistent strength in the Aerospace/Defense segment. Strength in the commercial aerospace market, driven by strong growth in orders from the OEM (original equipment manufacturer) and the aftermarket verticals, is driving the segment’s performance.The robust backlog level, along with the company’s strong execution on incremental orders in the commercial aerospace market, has been proving beneficial. In the first six months of fiscal 2025 (ended September 20 ...
Here's Why it is Worth Investing in RBC Bearings Stock Now
ZACKS· 2024-12-12 16:36
RBC Bearings Incorporated (RBC) stands to benefit from strength across its businesses, synergies from acquisitions and shareholder-friendly policies. The company remains focused on investing in growth opportunities and strengthening its long-term market position.RBC, which has a market capitalization of $10.5 billion, currently carries a Zacks Rank #2 (Buy). Let’s delve into the factors that have been aiding the firm for a while now.End-Market Strength: RBC Bearings is benefiting from the strong performance ...
RBC Bearings (RBC) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-10-25 15:06
The market expects RBC Bearings (RBC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 1, 2024, might help the stock move higher if these key number ...
Republican Victory Favored as Most Beneficial for U.S.
GuruFocus· 2024-10-02 15:10
Group 1 - A Republican victory in the upcoming election is viewed as the most favorable outcome for the U.S. stock market, particularly benefiting the energy and financial sectors [1] - Trump's potential win on November 5th, along with Republican majorities in both the Senate and House, is considered the best scenario for the stock market, while a divided Congress may have a slightly positive effect [2] - A decisive victory by the Democratic Party is seen as the most pessimistic outcome for the stock market, although opinions on all election outcomes are only marginally inclined [3] Group 2 - The tight race between candidates has shifted focus to the potential impact of their policy proposals as the election date approaches [4]
RBC iShares Expands Access to BlackRock's Award-Winning Investment Platform with Active ETFs
GlobeNewswire News Room· 2024-09-26 10:00
Core Insights - RBC iShares has launched two active bond ETFs, expanding access to BlackRock's investment platform, aimed at providing clients with liquid, transparent, and cost-effective fixed income investment options [1][4]. Group 1: Product Details - The iShares Flexible Monthly Income ETF (XFLI, XFLI.U) invests in the BlackRock Flexible Income ETF (BINC), managed by Rick Rieder, and will also offer a CAD-hedged version (XFLX) [2][3]. - The iShares Funds focus on delivering monthly income by investing in global fixed income sectors, including high yield, emerging markets debt, and securitized assets [2][4]. - The management fee for both ETFs is set at 0.55% [8]. Group 2: Market Context - BlackRock's fixed income platform, valued at US$2.8 trillion, provides significant market access and resources for the iShares Funds [4][15]. - The current investment environment is described as a "golden age for fixed income," allowing investors to achieve high yields with manageable risk [5]. Group 3: Company Background - BlackRock aims to enhance financial well-being for investors by making investing easier and more affordable [7]. - RBC iShares is committed to helping clients build efficient portfolios and achieve their investment objectives [6].
Reasons Why Investing in RBC Bearings Stock Seems Prudent Now
ZACKS· 2024-09-20 11:01
Core Insights - RBC Bearings Incorporated (RBC) is experiencing growth in its Aerospace/Defense segment, which enhances its attractiveness to investors [1][4] - The company's shares have appreciated by 29% over the past year, and it holds a Zacks Rank of 2 (Buy) [3] Business Strength - The Aerospace/Defense segment is performing strongly, driven by increased orders from both OEMs and aftermarket sectors in commercial aerospace [4] - A robust backlog and effective execution on incremental orders are expected to benefit the segment [4] - Demand for bearings and engineered components in the defense market is also increasing, particularly in marine, helicopter, and missile applications [4] Product Portfolio - RBC has a well-diversified product portfolio, including spherical bearings, sealed bearings, rod ends, and precision dowel pins [5] - Investments in manufacturing processes are anticipated to yield long-term benefits [5] - A new 100,000-square-foot plant in Takata, Mexico, was completed in early 2024 to enhance production capacity [5] Expansion Efforts - The company is expanding through acquisitions, including the purchase of Specline, Inc. for $18.7 million in August 2023, which enhances its aerospace product offerings and production capacity [6] Shareholder Rewards - RBC is committed to rewarding shareholders through dividends and share buyback programs, paying $5.7 million in dividends and repurchasing shares worth $8 million in the first three months of fiscal 2025 [7] - Share repurchases increased by 17.7% year over year, with $11 million in shares repurchased and preferred dividends of $22.9 million distributed in fiscal 2024 [7]
RBC Bearings (RBC) Upgraded to Buy: Here's What You Should Know
ZACKS· 2024-09-18 17:01
Core Viewpoint - RBC Bearings has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system tracks the Zacks Consensus Estimate for EPS, reflecting the collective view of sell-side analysts on the company's earnings potential [1][2]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, with institutional investors using these estimates to assess fair value [4][6]. Recent Developments for RBC Bearings - RBC Bearings is projected to earn $9.71 per share for the fiscal year ending March 2025, marking a year-over-year increase of 12.7% [8]. - Over the past three months, the Zacks Consensus Estimate for RBC Bearings has risen by 0.2%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of RBC Bearings to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].