Regal Beloit Corp (NYSE:RBC) – Equities research analysts at Barrington Research raised their FY2018 earnings estimates for shares of Regal Beloit in a report issued on Monday. Barrington Research analyst M. Gall now expects that the industrial products company will post earnings per share of $5.54 for the year, up from their prior estimate of $5.26. Barrington Research currently has a “Outperform” rating and a $87.00 target price on the stock. Barrington Research also issued estimates for Regal Beloit’s Q1 2019 earnings at $1.31 EPS, Q2 2019 earnings at $1.52 EPS, Q3 2019 earnings at $1.61 EPS, Q4 2019 earnings at $1.50 EPS and FY2019 earnings at $5.94 EPS.
Regal Beloit (NYSE:RBC) last announced its earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $794.65 million. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year.
Shares of Regal Beloit (RBC) traded up $0.20 on Tuesday, hitting $74.65. 32,527 shares of the stock traded hands, compared to its average volume of 349,851. Regal Beloit has a twelve month low of $71.05 and a twelve month high of $87.50. The firm has a market capitalization of $3,367.10, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44. The company has a quick ratio of 1.15, a current ratio of 2.21 and a debt-to-equity ratio of 0.44.
Large investors have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. acquired a new stake in Regal Beloit in the fourth quarter valued at about $100,000. Tower Research Capital LLC TRC lifted its position in Regal Beloit by 2,200.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,300 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 2,200 shares during the period. State of Alaska Department of Revenue acquired a new stake in Regal Beloit in the fourth quarter valued at about $199,000. Pinebridge Investments L.P. acquired a new stake in Regal Beloit in the third quarter valued at about $204,000. Finally, Regentatlantic Capital LLC acquired a new stake in Regal Beloit in the fourth quarter valued at about $241,000. Hedge funds and other institutional investors own 94.75% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. Regal Beloit’s payout ratio is currently 21.94%.
Regal Beloit Company Profile
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.
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