Brokerages Expect Regal Beloit Corp (RBC) Will Announce Earnings of $1.26 Per Share

Equities research analysts forecast that Regal Beloit Corp (NYSE:RBC) will report earnings of $1.26 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Regal Beloit’s earnings. The highest EPS estimate is $1.29 and the lowest is $1.23. Regal Beloit posted earnings of $1.07 per share during the same quarter last year, which would suggest a positive year over year growth rate of 17.8%. The firm is expected to announce its next quarterly earnings report on Monday, May 14th.

According to Zacks, analysts expect that Regal Beloit will report full-year earnings of $5.54 per share for the current year, with EPS estimates ranging from $5.26 to $5.62. For the next financial year, analysts anticipate that the company will post earnings of $6.18 per share, with EPS estimates ranging from $6.05 to $6.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Regal Beloit.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.01. The business had revenue of $820.70 million during the quarter, compared to the consensus estimate of $794.65 million. Regal Beloit had a net margin of 6.34% and a return on equity of 9.64%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 earnings per share.

RBC has been the subject of several research analyst reports. Seaport Global Securities upgraded shares of Regal Beloit from a “neutral” rating to a “buy” rating and upped their price target for the stock from $82.00 to $88.00 in a research report on Wednesday. Zacks Investment Research downgraded shares of Regal Beloit from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine upgraded shares of Regal Beloit from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Royal Bank of Canada restated a “buy” rating and set a $90.00 price target on shares of Regal Beloit in a research report on Tuesday, November 28th. Finally, BMO Capital Markets reduced their price target on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $86.70.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. purchased a new stake in Regal Beloit during the 3rd quarter valued at about $204,000. State of Alaska Department of Revenue purchased a new stake in Regal Beloit during the 4th quarter valued at about $199,000. M&T Bank Corp purchased a new stake in Regal Beloit during the 2nd quarter valued at about $237,000. Magnetar Financial LLC purchased a new stake in Regal Beloit during the 3rd quarter valued at about $246,000. Finally, Regentatlantic Capital LLC purchased a new stake in Regal Beloit during the 4th quarter valued at about $241,000. Hedge funds and other institutional investors own 94.04% of the company’s stock.

Regal Beloit (RBC) opened at $75.60 on Monday. The firm has a market cap of $3,265.21, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44. Regal Beloit has a 1 year low of $71.05 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.21 and a quick ratio of 1.22.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. Regal Beloit’s dividend payout ratio (DPR) is presently 21.94%.

COPYRIGHT VIOLATION NOTICE: “Brokerages Expect Regal Beloit Corp (RBC) Will Announce Earnings of $1.26 Per Share” was first reported by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://weekherald.com/2018/02/15/brokerages-expect-regal-beloit-corp-rbc-will-announce-earnings-of-1-26-per-share.html.

About Regal Beloit

Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.

Get a free copy of the Zacks research report on Regal Beloit (RBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Regal Beloit (NYSE:RBC)

Receive News & Ratings for Regal Beloit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Beloit and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply