News headlines about Regal Beloit Corporation (NYSE:RBC) have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Regal Beloit Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.3570581928218 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Regal Beloit Corporation (RBC) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Regal Beloit Corporation to Present at R.W. Baird’s 2017 Global Industrial Conference (finance.yahoo.com)
- Regal Beloit Corporation (RBC) Sees Large Increase in Short Interest (americanbankingnews.com)
- Regal Beloit Corporation (RBC) Scheduled to Post Quarterly Earnings on Monday (americanbankingnews.com)
- Regal Beloit Corporation (RBC) to Issue $0.26 Quarterly Dividend (americanbankingnews.com)
Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Regal Beloit Corporation from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub downgraded shares of Regal Beloit Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Stifel Nicolaus reissued a “hold” rating and set a $85.00 target price on shares of Regal Beloit Corporation in a research report on Tuesday, August 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Regal Beloit Corporation in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Regal Beloit Corporation presently has a consensus rating of “Hold” and a consensus target price of $86.33.
Regal Beloit Corporation (NYSE:RBC) last announced its quarterly earnings results on Monday, August 7th. The industrial products company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Regal Beloit Corporation had a net margin of 6.29% and a return on equity of 9.88%. The firm had revenue of $869.20 million during the quarter, compared to analyst estimates of $854.66 million. During the same period in the previous year, the business posted $1.14 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.26 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.30%. Regal Beloit Corporation’s dividend payout ratio is presently 22.96%.
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About Regal Beloit Corporation
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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