RBC Bearings Inc (NYSE: RBC) has reported E.P.S. of $1.93 for its fourth fiscal quarter (ending March 31) versus $1.51 for the same period a year ago. E.P.S. were $6.47 for the latest four quarters through March 31 versus $5.00 for the same period a year ago.
Recent Price Action
RBC Bearings Inc (NYSE: RBC) stock enjoyed a very large increase of 8.1% on 5/17/24. The shares closed at $289.28. Moreover, this advance was accompanied by exceptionally high trading volume at 303% of normal. The stock has been strong relative to the market over the last nine months and has risen 7.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, RBC is expected to continue to be a Value Builder.
RBC Bearings has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. RBC Bearings has a slightly negative Appreciation Score of 35 but a good Power Rating of 71, and the Neutral Value Trend Rating results.
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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