Regal Beloit Co. (NYSE:RBC) Expected to Post Earnings of $1.91 Per Share


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Equities research analysts expect Regal Beloit Co. (NYSE:RBC) to announce earnings of $1.91 per share for the current quarter, according to Zacks. Two analysts have made estimates for Regal Beloit’s earnings. The lowest EPS estimate is $1.86 and the highest is $1.95. Regal Beloit posted earnings per share of $0.95 during the same quarter last year, which would suggest a positive year-over-year growth rate of 101.1%. The company is scheduled to announce its next earnings report on Monday, August 2nd.

On average, analysts expect that Regal Beloit will report full-year earnings of $7.18 per share for the current financial year, with EPS estimates ranging from $7.10 to $7.25. For the next financial year, analysts anticipate that the firm will report earnings of $8.20 per share, with EPS estimates ranging from $8.10 to $8.34. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Regal Beloit.

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

RBC has been the subject of a number of recent research reports. Seaport Global Securities reiterated a “buy” rating on shares of Regal Beloit in a research note on Tuesday, February 16th. Wells Fargo & Company raised their price objective on Regal Beloit from $110.00 to $145.00 in a research note on Wednesday, February 17th. Robert W. Baird raised their price target on shares of Regal Beloit from $167.00 to $176.00 in a research report on Thursday, March 18th. Zacks Investment Research raised shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research report on Monday, February 22nd. Finally, KeyCorp raised their target price on shares of Regal Beloit from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, April 19th. Seven research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $145.00.

A number of hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new stake in shares of Regal Beloit in the 4th quarter worth $26,000. JJJ Advisors Inc. grew its holdings in Regal Beloit by 200.0% during the fourth quarter. JJJ Advisors Inc. now owns 303 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 202 shares during the period. Jones Financial Companies Lllp raised its position in Regal Beloit by 395.7% in the first quarter. Jones Financial Companies Lllp now owns 342 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 273 shares in the last quarter. IFP Advisors Inc lifted its holdings in Regal Beloit by 1,823.1% in the 1st quarter. IFP Advisors Inc now owns 500 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 474 shares during the last quarter. Finally, CI Investments Inc. boosted its position in shares of Regal Beloit by 52.4% during the 4th quarter. CI Investments Inc. now owns 675 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 232 shares in the last quarter. 93.08% of the stock is owned by institutional investors and hedge funds.

Regal Beloit stock traded up $0.03 during trading on Tuesday, reaching $144.77. 413,820 shares of the company’s stock were exchanged, compared to its average volume of 318,968. Regal Beloit has a 52-week low of $63.44 and a 52-week high of $159.64. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 33.66, a PEG ratio of 2.06 and a beta of 1.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.29 and a current ratio of 2.11. The company’s 50-day moving average is $146.57 and its two-hundred day moving average is $129.06.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 16th. Shareholders of record on Friday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, July 1st. This represents a $1.32 annualized dividend and a yield of 0.91%. This is an increase from Regal Beloit’s previous quarterly dividend of $0.30. Regal Beloit’s payout ratio is presently 21.86%.

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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