Zacks: Brokerages Anticipate Regal Beloit Co. (NYSE:RBC) Will Post Earnings of $1.60 Per Share


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Equities analysts expect that Regal Beloit Co. (NYSE:RBC) will report $1.60 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Regal Beloit’s earnings. The lowest EPS estimate is $1.46 and the highest is $1.69. Regal Beloit posted earnings of $1.31 per share during the same quarter last year, which would indicate a positive year over year growth rate of 22.1%. The firm is expected to issue its next earnings report on Monday, May 3rd.

According to Zacks, analysts expect that Regal Beloit will report full-year earnings of $6.76 per share for the current year, with EPS estimates ranging from $6.30 to $7.19. For the next year, analysts anticipate that the business will post earnings of $7.79 per share, with EPS estimates ranging from $7.20 to $8.38. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Regal Beloit.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings results on Monday, February 15th. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.19. Regal Beloit had a return on equity of 9.03% and a net margin of 6.13%.

A number of research firms have recently issued reports on RBC. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a report on Monday. Robert W. Baird increased their price objective on Regal Beloit from $160.00 to $167.00 in a research note on Wednesday, February 17th. Wells Fargo & Company increased their price objective on Regal Beloit from $110.00 to $145.00 in a research note on Wednesday, February 17th. Wolfe Research raised Regal Beloit from a “peer perform” rating to an “outperform” rating and increased their price objective for the stock from $125.00 to $145.00 in a research note on Tuesday, December 8th. Finally, Barclays increased their price objective on Regal Beloit from $125.00 to $150.00 in a research note on Monday, November 30th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $142.29.

Shares of NYSE RBC traded up $1.20 during trading on Tuesday, hitting $138.70. The company had a trading volume of 11,562 shares, compared to its average volume of 312,547. Regal Beloit has a 52 week low of $51.99 and a 52 week high of $146.97. 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 has a market cap of $5.63 billion, a P/E ratio of 31.98, a PEG ratio of 2.06 and a beta of 1.38. The business’s 50-day moving average is $132.10 and its 200 day moving average is $112.50.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 16th. Shareholders of record on Thursday, April 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, March 31st. Regal Beloit’s payout ratio is currently 21.86%.

A number of hedge funds have recently modified their holdings of RBC. Lazard Asset Management LLC acquired a new position in shares of Regal Beloit during the 4th quarter valued at about $26,000. JJJ Advisors Inc. increased its holdings in shares of Regal Beloit by 200.0% during the 4th quarter. JJJ Advisors Inc. now owns 303 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 202 shares during the last quarter. CI Investments Inc. acquired a new position in shares of Regal Beloit during the 3rd quarter valued at about $42,000. Globeflex Capital L P acquired a new position in shares of Regal Beloit during the 4th quarter valued at about $158,000. Finally, People s United Financial Inc. acquired a new position in shares of Regal Beloit during the 4th quarter valued at about $235,000. 93.08% 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 four segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions.

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