Media coverage about Regal Beloit (NYSE:RBC) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Regal Beloit earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.3699289262495 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
RBC has been the topic of several research reports. Royal Bank of Canada restated a “buy” rating on shares of Regal Beloit in a research report on Monday, November 6th. BMO Capital Markets decreased 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. ValuEngine downgraded Regal Beloit from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Tuesday, January 2nd. Finally, Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and raised their target price for the company 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 assigned a hold rating and nine have given a buy rating to the company. Regal Beloit has a consensus rating of “Buy” and a consensus target price of $86.08.
Regal Beloit (NYSE:RBC) opened at $74.70 on Monday. Regal Beloit has a 1 year low of $71.05 and a 1 year high of $87.50. The company has a market capitalization of $3,309.51, a P/E ratio of 15.76, a P/E/G ratio of 1.22 and a beta of 1.44. 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 (NYSE:RBC) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.01. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. The firm had revenue of $820.70 million for the quarter, compared to the consensus estimate of $794.65 million. During the same quarter last year, the business posted $1.04 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. analysts forecast that Regal Beloit will post 5.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend 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 21.94%.
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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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