Regal Beloit Corp (NYSE:RBC) Expected to Post Earnings of $1.64 Per Share

Equities research analysts expect Regal Beloit Corp (NYSE:RBC) to post earnings of $1.64 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Regal Beloit’s earnings, with the highest EPS estimate coming in at $1.70 and the lowest estimate coming in at $1.59. Regal Beloit reported earnings of $1.60 per share in the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The firm is expected to announce its next earnings report on Monday, August 5th.

On average, analysts expect that Regal Beloit will report full-year earnings of $6.35 per share for the current fiscal year, with EPS estimates ranging from $6.25 to $6.46. For the next year, analysts forecast that the business will post earnings of $6.85 per share, with EPS estimates ranging from $6.70 to $7.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Regal Beloit.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.02. The firm had revenue of $853.80 million for the quarter, compared to the consensus estimate of $882.61 million. Regal Beloit had a net margin of 7.15% and a return on equity of 11.24%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 EPS.

RBC has been the topic of a number of analyst reports. BMO Capital Markets cut their price objective on shares of Regal Beloit from $95.00 to $93.00 and set a “market perform” rating on the stock in a report on Wednesday, May 8th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Regal Beloit in a report on Tuesday, May 7th. Finally, Zacks Investment Research downgraded shares of Regal Beloit from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $90.33.

RBC traded down $1.21 during mid-day trading on Friday, reaching $79.50. 277,967 shares of the stock were exchanged, compared to its average volume of 226,731. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.71 and a quick ratio of 1.53. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.25 and a beta of 1.59. Regal Beloit has a 1 year low of $66.04 and a 1 year high of $87.31.

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

Several large investors have recently modified their holdings of RBC. Norges Bank purchased a new position in shares of Regal Beloit in the 4th quarter worth about $47,865,000. Thrivent Financial for Lutherans boosted its holdings in shares of Regal Beloit by 2,513.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 398,298 shares of the industrial products company’s stock worth $27,958,000 after buying an additional 383,060 shares during the last quarter. AJO LP boosted its holdings in shares of Regal Beloit by 465.7% in the 1st quarter. AJO LP now owns 446,457 shares of the industrial products company’s stock worth $36,551,000 after buying an additional 367,540 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Regal Beloit by 152.3% in the 1st quarter. Bank of Montreal Can now owns 550,153 shares of the industrial products company’s stock worth $45,040,000 after buying an additional 332,128 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Regal Beloit by 23.5% in the 4th quarter. LSV Asset Management now owns 1,712,551 shares of the industrial products company’s stock worth $119,964,000 after buying an additional 325,400 shares during the last quarter. 91.57% of the stock is currently owned by institutional investors.

About Regal Beloit

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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