Regal Beloit (NYSE:RBC) posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.01, Bloomberg Earnings reports. The business had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $794.65 million. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share. Regal Beloit updated its FY18 guidance to $5.35-5.75 EPS.
Shares of Regal Beloit (NYSE RBC) traded down $1.38 during mid-day trading on Tuesday, reaching $74.62. The company’s stock had a trading volume of 80,209 shares, compared to its average volume of 352,406. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.21. Regal Beloit has a 12 month low of $71.05 and a 12 month high of $87.50. The firm has a market capitalization of $3,329.45, a P/E ratio of 16.03, a P/E/G ratio of 1.22 and a beta of 1.44.
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 paid a $0.26 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. Regal Beloit’s payout ratio is currently 21.94%.
Several research firms have commented on RBC. Royal Bank of Canada reissued a “buy” rating on shares of Regal Beloit in a research report on Monday, November 6th. Zacks Investment Research lowered Regal Beloit from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine raised Regal Beloit from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. BMO Capital Markets dropped their target price on Regal Beloit from $88.00 to $85.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 7th. Finally, Seaport Global Securities raised Regal Beloit from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $82.00 to $88.00 in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $86.73.
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About Regal Beloit
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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