Regal Beloit Corporation (NYSE:RBC) will be posting its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect Regal Beloit Corporation to post earnings of $1.38 per share for the quarter. Regal Beloit Corporation has set its FY17 guidance at $4.70-$5.00 EPS.
Regal Beloit Corporation (NYSE:RBC) last released its earnings results on Monday, August 7th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The company had revenue of $869.20 million during the quarter, compared to analyst estimates of $854.66 million. Regal Beloit Corporation had a net margin of 6.29% and a return on equity of 9.88%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. On average, analysts expect Regal Beloit Corporation to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Regal Beloit Corporation (RBC) opened at $80.70 on Friday. The firm has a market capitalization of $3.58 billion, a PE ratio of 17.03, a P/E/G ratio of 1.50 and a beta of 1.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 2.24.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.29%. The ex-dividend date is Thursday, December 28th. Regal Beloit Corporation’s dividend payout ratio (DPR) is presently 22.96%.
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RBC has been the subject of several recent research reports. Wolfe Research initiated coverage on shares of Regal Beloit Corporation in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. BidaskClub lowered shares of Regal Beloit Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $85.00 price target on shares of Regal Beloit Corporation in a research report on Wednesday, July 19th. Robert W. Baird reissued a “buy” rating and issued a $88.00 price target on shares of Regal Beloit Corporation in a research report on Wednesday, October 4th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $80.00 price target 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 assigned a hold rating and five have issued a buy rating to the company. Regal Beloit Corporation presently has a consensus rating of “Hold” and an average target price of $86.33.
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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