Zacks: Analysts Anticipate Regal Beloit Corp (RBC) Will Post Earnings of $1.14 Per Share

Analysts expect Regal Beloit Corp (NYSE:RBC) to announce earnings of $1.14 per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Regal Beloit’s earnings, with the highest EPS estimate coming in at $1.17 and the lowest estimate coming in at $1.12. Regal Beloit reported earnings per share of $1.04 in the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The company is expected to report its next earnings results after the market closes on Monday, February 5th.

On average, analysts expect that Regal Beloit will report full-year earnings of $4.87 per share for the current year, with EPS estimates ranging from $4.85 to $4.90. For the next year, analysts forecast that the firm will post earnings of $5.35 per share, with EPS estimates ranging from $5.26 to $5.48. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Regal Beloit.

Regal Beloit (NYSE:RBC) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Regal Beloit had a net margin of 6.28% and a return on equity of 9.76%. The business had revenue of $857.00 million during the quarter, compared to analysts’ expectations of $837.19 million. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis.

Several brokerages have commented on RBC. BMO Capital Markets cut their price target on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, November 7th. Royal Bank of Canada reissued a “buy” rating on shares of Regal Beloit in a report on Monday, November 6th. ValuEngine downgraded shares of Regal Beloit from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Zacks Investment Research downgraded shares of Regal Beloit from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Regal Beloit has an average rating of “Hold” and a consensus target price of $86.56.

Shares of Regal Beloit (NYSE:RBC) traded down $5.00 during trading hours on Monday, reaching $72.00. 1,015,346 shares of the company’s stock traded hands, compared to its average volume of 310,019. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.22 and a current ratio of 2.22. Regal Beloit has a 1 year low of $71.05 and a 1 year high of $87.50. The company has a market cap of $3,411.41, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.31 and a beta of 1.44.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Wednesday, March 28th. Regal Beloit’s dividend payout ratio is currently 22.61%.

Several hedge funds and other institutional investors have recently bought and sold shares of RBC. Wells Fargo & Company MN lifted its holdings in shares of Regal Beloit by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 59,465 shares of the industrial products company’s stock worth $4,850,000 after acquiring an additional 1,468 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Regal Beloit by 44.6% during the 2nd quarter. Teachers Advisors LLC now owns 77,445 shares of the industrial products company’s stock worth $6,316,000 after acquiring an additional 23,880 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Regal Beloit by 1.1% during the 2nd quarter. New York State Common Retirement Fund now owns 114,606 shares of the industrial products company’s stock worth $9,346,000 after acquiring an additional 1,299 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Regal Beloit by 5.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 57,635 shares of the industrial products company’s stock worth $4,700,000 after acquiring an additional 2,907 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Regal Beloit during the 2nd quarter worth $548,000. 94.04% of the stock is owned by institutional investors.

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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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