Regal Beloit Corp (RBC) to Post Q1 2019 Earnings of $1.50 Per Share, Oppenheimer Forecasts

Regal Beloit Corp (NYSE:RBC) – Research analysts at Oppenheimer issued their Q1 2019 earnings estimates for Regal Beloit in a research report issued to clients and investors on Monday, November 5th. Oppenheimer analyst C. Glynn anticipates that the industrial products company will post earnings of $1.50 per share for the quarter. Oppenheimer also issued estimates for Regal Beloit’s Q2 2019 earnings at $1.81 EPS, Q3 2019 earnings at $1.76 EPS, Q4 2019 earnings at $1.43 EPS and FY2020 earnings at $7.00 EPS.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings results on Monday, November 5th. The industrial products company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. Regal Beloit had a net margin of 6.34% and a return on equity of 10.73%. The business had revenue of $925.40 million for the quarter, compared to analysts’ expectations of $924.18 million. During the same period in the prior year, the company posted $1.39 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis.

RBC has been the topic of a number of other reports. Goldman Sachs Group started coverage on shares of Regal Beloit in a research note on Wednesday, October 3rd. They set a “buy” rating and a $95.00 price target on the stock. BMO Capital Markets upped their price target on shares of Regal Beloit from $89.00 to $92.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $90.00 price target (down from $95.00) on shares of Regal Beloit in a research note on Monday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $89.13.

NYSE:RBC opened at $76.93 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.22 and a current ratio of 2.61. Regal Beloit has a fifty-two week low of $67.84 and a fifty-two week high of $86.75. The firm has a market cap of $3.32 billion, a PE ratio of 15.80, a P/E/G ratio of 1.29 and a beta of 1.51.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 28th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.46%. Regal Beloit’s payout ratio is 23.00%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Intrinsic Edge Capital Management LLC acquired a new stake in Regal Beloit in the 2nd quarter valued at about $6,215,000. Mutual of America Capital Management LLC grew its stake in Regal Beloit by 3.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 37,751 shares of the industrial products company’s stock valued at $3,088,000 after acquiring an additional 1,174 shares during the last quarter. Jane Street Group LLC acquired a new stake in Regal Beloit in the 2nd quarter valued at about $458,000. California Public Employees Retirement System grew its stake in Regal Beloit by 11.2% in the 2nd quarter. California Public Employees Retirement System now owns 130,944 shares of the industrial products company’s stock valued at $10,711,000 after acquiring an additional 13,227 shares during the last quarter. Finally, Dean Investment Associates LLC grew its stake in Regal Beloit by 6.8% in the 2nd quarter. Dean Investment Associates LLC now owns 138,577 shares of the industrial products company’s stock valued at $11,336,000 after acquiring an additional 8,860 shares during the last quarter. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Regal Beloit Company Profile

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

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