Press coverage about Regal Beloit (NYSE:RBC) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Regal Beloit earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.1897619468425 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of brokerages recently commented on RBC. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Tuesday, January 2nd. ValuEngine upgraded Regal Beloit from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Royal Bank of Canada restated a “buy” rating and set a $90.00 target price on shares of Regal Beloit in a report on Tuesday, November 28th. Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and upped their target price for the company from $82.00 to $88.00 in a report on Wednesday, February 7th. Finally, Barclays assumed coverage on Regal Beloit in a report on Thursday, February 15th. They set an “equal weight” rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $86.08.
Shares of Regal Beloit (RBC) opened at $72.10 on Friday. Regal Beloit has a 12 month low of $67.84 and a 12 month high of $87.50. The company has a market capitalization of $3,257.43, a price-to-earnings ratio of 15.09, a PEG ratio of 1.20 and a beta of 1.44. The company has a quick ratio of 1.15, a current ratio of 2.21 and a debt-to-equity ratio of 0.44.
Regal Beloit (NYSE:RBC) last released its earnings results on Monday, February 5th. The industrial products company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $794.65 million. During the same period in the prior year, the firm posted $1.04 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. equities research analysts anticipate that Regal Beloit will post 5.58 EPS for the current year.
The firm 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 annualized dividend and a dividend yield of 1.44%. Regal Beloit’s dividend payout ratio (DPR) is presently 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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