Regal Beloit Co. Forecasted to Post Q1 2022 Earnings of $2.12 Per Share (NYSE:RBC)

Regal Beloit Co. (NYSE:RBC) – Seaport Global Securities issued their Q1 2022 EPS estimates for Regal Beloit in a research note issued to investors on Tuesday, May 11th. Seaport Global Securities analyst W. Liptak forecasts that the industrial products company will post earnings per share of $2.12 for the quarter. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Regal Beloit’s Q2 2022 earnings at $2.31 EPS, Q3 2022 earnings at $2.18 EPS, Q4 2022 earnings at $2.03 EPS and FY2022 earnings at $8.64 EPS.

Several other brokerages have also recently weighed in on RBC. Wells Fargo & Company increased their price target on Regal Beloit from $110.00 to $145.00 in a research note on Wednesday, February 17th. KeyCorp raised their target price on Regal Beloit from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, April 19th. Robert W. Baird raised their target price on Regal Beloit from $167.00 to $176.00 in a research note on Thursday, March 18th. Finally, Zacks Investment Research raised Regal Beloit from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a research note on Monday, February 22nd. Six investment analysts have rated the stock with a buy rating, Regal Beloit presently has an average rating of “Buy” and an average target price of $145.00.

Shares of RBC stock opened at $146.70 on Thursday. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 2.06 and a beta of 1.38. The stock has a 50-day moving average of $145.85 and a 200-day moving average of $131.71. The company has a current ratio of 2.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34. Regal Beloit has a 1-year low of $67.48 and a 1-year high of $159.64.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings results on Sunday, May 2nd. The industrial products company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.30. The company had revenue of $814.10 million during the quarter, compared to analysts’ expectations of $782.03 million. Regal Beloit had a return on equity of 9.03% and a net margin of 6.13%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 16th. Shareholders of record on Friday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, July 1st. This is a boost from Regal Beloit’s previous quarterly dividend of $0.30. Regal Beloit’s dividend payout ratio (DPR) is 21.86%.

A number of institutional investors have recently made changes to their positions in the business. Kennedy Capital Management Inc. grew its stake in Regal Beloit by 5.8% in the first quarter. Kennedy Capital Management Inc. now owns 194,108 shares of the industrial products company’s stock valued at $27,695,000 after acquiring an additional 10,583 shares during the period. Krane Funds Advisors LLC grew its stake in Regal Beloit by 3.3% in the first quarter. Krane Funds Advisors LLC now owns 3,112 shares of the industrial products company’s stock valued at $444,000 after acquiring an additional 98 shares during the period. Johnson Investment Counsel Inc. grew its stake in Regal Beloit by 1.1% in the first quarter. Johnson Investment Counsel Inc. now owns 13,701 shares of the industrial products company’s stock valued at $1,959,000 after acquiring an additional 154 shares during the period. Public Employees Retirement System of Ohio grew its stake in Regal Beloit by 4.0% in the first quarter. Public Employees Retirement System of Ohio now owns 25,360 shares of the industrial products company’s stock valued at $3,618,000 after acquiring an additional 986 shares during the period. Finally, Lazard Asset Management LLC grew its stake in Regal Beloit by 125.7% in the first quarter. Lazard Asset Management LLC now owns 492 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 274 shares during the period. 93.08% of the stock is owned by hedge funds and other 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 four segments: Commercial Systems, 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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