Regal Beloit (RBC) Expected to Announce Earnings of $1.60 Per Share

Equities analysts predict that Regal Beloit (NYSE:RBC) will report earnings per share of $1.60 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Regal Beloit’s earnings. The highest EPS estimate is $1.65 and the lowest is $1.55. Regal Beloit posted earnings per share of $1.29 during the same quarter last year, which would indicate a positive year over year growth rate of 24%. The firm is scheduled to announce its next quarterly earnings report on Monday, August 6th.

On average, analysts expect that Regal Beloit will report full-year earnings of $5.88 per share for the current year, with EPS estimates ranging from $5.80 to $5.95. For the next fiscal year, analysts expect that the firm will report earnings of $6.48 per share, with EPS estimates ranging from $6.40 to $6.60. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Regal Beloit.

Regal Beloit (NYSE:RBC) last posted its earnings results on Monday, May 7th. The industrial products company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.09. The firm had revenue of $878.80 million during the quarter, compared to the consensus estimate of $869.33 million. Regal Beloit had a return on equity of 9.87% and a net margin of 6.57%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) EPS.

A number of research analysts have recently commented on RBC shares. Zacks Investment Research downgraded Regal Beloit from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Barclays started coverage on Regal Beloit in a research report on Thursday, February 15th. They set an “equal weight” rating and a $80.00 target price for the company. ValuEngine downgraded Regal Beloit from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Barrington Research reiterated an “outperform” rating and set a $87.00 target price on shares of Regal Beloit in a research report on Monday, February 12th. Finally, Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and increased 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, seven have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $85.91.

Institutional investors and hedge funds have recently modified their holdings of the stock. Piermont Capital Management Inc. increased its stake in Regal Beloit by 2.3% in the first quarter. Piermont Capital Management Inc. now owns 30,980 shares of the industrial products company’s stock worth $2,272,000 after purchasing an additional 690 shares during the period. Swiss National Bank increased its stake in Regal Beloit by 1.0% in the first quarter. Swiss National Bank now owns 77,522 shares of the industrial products company’s stock worth $5,686,000 after purchasing an additional 800 shares during the period. Brinker Capital Inc. increased its stake in Regal Beloit by 7.8% in the first quarter. Brinker Capital Inc. now owns 11,101 shares of the industrial products company’s stock worth $814,000 after purchasing an additional 804 shares during the period. OppenheimerFunds Inc. increased its stake in Regal Beloit by 7.0% in the first quarter. OppenheimerFunds Inc. now owns 13,459 shares of the industrial products company’s stock worth $987,000 after purchasing an additional 875 shares during the period. Finally, Alpha Windward LLC increased its stake in Regal Beloit by 16.6% in the fourth quarter. Alpha Windward LLC now owns 7,136 shares of the industrial products company’s stock worth $547,000 after purchasing an additional 1,016 shares during the period. Institutional investors own 94.15% of the company’s stock.

NYSE RBC opened at $80.40 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.36 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.53 billion, a PE ratio of 16.51, a PEG ratio of 1.37 and a beta of 1.39. Regal Beloit has a one year low of $67.84 and a one year high of $87.50.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be given a $0.28 dividend. The ex-dividend date is Thursday, June 28th. This is an increase from Regal Beloit’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.39%. Regal Beloit’s dividend payout ratio (DPR) is currently 21.36%.

About Regal Beloit

Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and power transmission products worldwide. It operates through three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.

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Earnings History and Estimates for Regal Beloit (NYSE:RBC)

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