For its first fiscal quarter (ending June 30), RBC Bearings Inc (NYSE: RBC) has reported E.P.S. of $1.92 compared to $1.53 a year ago. For the latest four quarters through June 30, E.P.S. were $6.85 versus $5.42 for the same period a year ago.
Recent Price Action
RBC Bearings Inc (NYSE: RBC) stock declined by -4.0% on 8/2/24. The shares closed at $276.55. Moreover, unusually high trading volume at 171% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -3.9% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. RBC Bearings has a slightly negative Appreciation Score of 38 but a slightly positive Power Rating of 67, 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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