Date: 2013-08-01

RBC Bearings "Neutral," Estimates Reduced

RBC Bearings "Neutral," Estimates Reduced

Analysts at Robert W Baird maintain their "neutral" rating on RBC Bearings Incorporated (ticker: ROLL), while reducing their estimates for the company. The target price is set to $39.

In a research note published this morning, the analysts mention that the company has posted its 2Q08 EPS short of the estimates and the consensus on account of capacity-related constraints and facility moving costs. The company intends to invest around $25-$30 million over the forthcoming 30 months on expanding manufacturing capacity for large-diameter bearings for the wind, oil and heavy construction markets. The EPS estimate for FY08 has been reduced from $1.85 to $1.80, to account for the increased growth spending in the near-term.

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Product Model	Inside Diameter	Outside Diameter	Thickness
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