Analysts Expect Regal Beloit Corp (NYSE:RBC) Will Post Quarterly Sales of $914.95 Million

Equities analysts expect that Regal Beloit Corp (NYSE:RBC) will report sales of $914.95 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Regal Beloit’s earnings. The lowest sales estimate is $902.10 million and the highest is $927.00 million. Regal Beloit posted sales of $959.70 million during the same quarter last year, which suggests a negative year over year growth rate of 4.7%. The company is scheduled to report its next earnings report on Monday, August 5th.

On average, analysts expect that Regal Beloit will report full-year sales of $3.52 billion for the current year, with estimates ranging from $3.49 billion to $3.56 billion. For the next year, analysts anticipate that the business will report sales of $3.61 billion, with estimates ranging from $3.54 billion to $3.68 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Regal Beloit.

Regal Beloit (NYSE:RBC) last released its earnings results on Monday, May 6th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. Regal Beloit had a net margin of 7.15% and a return on equity of 11.24%. The business had revenue of $853.80 million during the quarter, compared to analysts’ expectations of $882.61 million. During the same period last year, the business earned $1.34 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis.

A number of research firms have commented on RBC. BMO Capital Markets reduced their price objective on shares of Regal Beloit from $95.00 to $93.00 and set a “market perform” rating for the company in a research report on Wednesday, May 8th. Royal Bank of Canada reissued a “hold” rating on shares of Regal Beloit in a report on Tuesday, May 7th. Finally, Zacks Investment Research raised Regal Beloit from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Regal Beloit presently has an average rating of “Hold” and a consensus target price of $90.33.

RBC stock traded down $1.32 during midday trading on Tuesday, reaching $79.39. 4,175 shares of the company were exchanged, compared to its average volume of 210,559. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.71 and a quick ratio of 1.53. Regal Beloit has a one year low of $66.04 and a one year high of $87.31. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.26 and a beta of 1.59.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. This is an increase from Regal Beloit’s previous quarterly dividend of $0.28. Regal Beloit’s dividend payout ratio (DPR) is currently 18.67%.

Several institutional investors and hedge funds have recently bought and sold shares of RBC. Riverview Trust Co acquired a new position in Regal Beloit in the fourth quarter valued at about $29,000. Rockefeller Capital Management L.P. acquired a new position in Regal Beloit in the first quarter valued at about $30,000. Fort L.P. raised its stake in Regal Beloit by 144.4% in the first quarter. Fort L.P. now owns 396 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 234 shares in the last quarter. North Star Investment Management Corp. acquired a new position in Regal Beloit in the first quarter valued at about $39,000. Finally, Resources Investment Advisors Inc. raised its stake in Regal Beloit by 162.7% in the fourth quarter. Resources Investment Advisors Inc. now owns 654 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 405 shares in the last quarter. 91.57% of the stock is owned by 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 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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