Equities research analysts expect that Regal Beloit (NYSE:RBC) will report earnings of $1.26 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Regal Beloit’s earnings, with the lowest EPS estimate coming in at $1.23 and the highest estimate coming in at $1.29. Regal Beloit reported earnings of $1.07 per share during the same quarter last year, which would indicate a positive year over year growth rate of 17.8%. The business is expected to report its next quarterly earnings results after the market closes on Monday, May 7th.
On average, analysts expect that Regal Beloit will report full year earnings of $5.57 per share for the current fiscal year, with EPS estimates ranging from $5.48 to $5.62. For the next year, analysts anticipate that the business will report earnings of $6.13 per share, with EPS estimates ranging from $5.94 to $6.30. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Regal Beloit.
Regal Beloit (NYSE:RBC) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.01. Regal Beloit had a net margin of 6.34% and a return on equity of 9.64%. The business had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $794.65 million. During the same period in the prior year, the company posted $1.04 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis.
Shares of NYSE:RBC traded up $0.15 on Friday, reaching $75.30. 464,178 shares of the company were exchanged, compared to its average volume of 296,273. The company has a quick ratio of 1.15, a current ratio of 2.21 and a debt-to-equity ratio of 0.44. Regal Beloit has a 1-year low of $67.84 and a 1-year high of $87.50. The stock has a market cap of $3,330.56, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.23 and a beta of 1.38.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 29th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.38%. Regal Beloit’s payout ratio is 21.36%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB acquired a new stake in Regal Beloit in the 4th quarter valued at about $354,000. Banco de Sabadell S.A purchased a new position in Regal Beloit in the 4th quarter valued at about $1,140,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Regal Beloit in the 4th quarter valued at about $850,000. MetLife Investment Advisors LLC purchased a new position in Regal Beloit in the 4th quarter valued at about $2,147,000. Finally, Vident Investment Advisory LLC lifted its holdings in Regal Beloit by 6.5% in the 4th quarter. Vident Investment Advisory LLC now owns 32,306 shares of the industrial products company’s stock valued at $2,475,000 after purchasing an additional 1,969 shares in the last quarter. 96.70% of the stock is currently owned by hedge funds and other institutional investors.
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About Regal Beloit
Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and power transmission products worldwide. It operates through three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.
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