RBC Bearings Inc (NYSE: RBC) has reported E.P.S. of $1.59 for its second fiscal quarter (ending September 30) versus $1.32 for the same period a year ago — an increase of 20%. For the latest four quarters through September 30, E.P.S. were $5.70 compared to $3.15 a year ago — an increase of 81%.
Recent Price Action
RBC Bearings Inc (NYSE: RBC) stock closed at $221.65 on 11/9/23 after an increase of 1.3%. The stock has risen 1.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RBC is expected to continue to be a Value Builder.
RBC Bearings has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. RBC Bearings has a neutral Appreciation Score of 42 but a good Power Rating of 76, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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