Regal Beloit (NYSE:RBC) will be releasing its earnings data before the market opens on Monday, February 5th. Analysts expect Regal Beloit to post earnings of $1.14 per share for the quarter. Regal Beloit has set its FY17 guidance at $4.80-4.90 EPS.
Regal Beloit (NYSE:RBC) last issued its earnings results on Monday, November 6th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.01). The company had revenue of $857.00 million during the quarter, compared to analysts’ expectations of $837.19 million. Regal Beloit had a net margin of 6.28% and a return on equity of 9.76%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 earnings per share. On average, analysts expect Regal Beloit to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Regal Beloit (NYSE RBC) opened at $79.65 on Monday. The company has a quick ratio of 1.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $3,530.00, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.33 and a beta of 1.48. Regal Beloit has a twelve month low of $70.85 and a twelve month high of $87.50.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, March 28th. Regal Beloit’s payout ratio is currently 22.61%.
Several brokerages have issued reports on RBC. Morgan Stanley upped their target price on Regal Beloit from $82.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, October 2nd. Zacks Investment Research cut Regal Beloit from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Royal Bank of Canada restated a “buy” rating and issued a $90.00 target price on shares of Regal Beloit in a report on Tuesday, November 28th. BMO Capital Markets dropped their target price on Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, November 7th. Finally, ValuEngine cut Regal Beloit from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Regal Beloit has a consensus rating of “Hold” and a consensus target price of $86.56.
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Regal Beloit Company Profile
Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.
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