Regal Beloit Corporation (NYSE:RBC) announced its quarterly earnings results on Monday. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01), Bloomberg Earnings reports. The company had revenue of $857.00 million for the quarter, compared to analysts’ expectations of $837.19 million. Regal Beloit Corporation had a net margin of 6.29% and a return on equity of 9.88%. Regal Beloit Corporation’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 EPS. Regal Beloit Corporation updated its FY17 guidance to $4.80-4.90 EPS.
Regal Beloit Corporation (NYSE:RBC) opened at $80.70 on Monday. 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 stock has a market capitalization of $3,598.97, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.51 and a beta of 1.50.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.29%. Regal Beloit Corporation’s dividend payout ratio (DPR) is 22.96%.
A number of equities research analysts have weighed in on RBC shares. BidaskClub upgraded shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Royal Bank Of Canada restated a “buy” rating on shares of Regal Beloit Corporation in a report on Monday. Robert W. Baird reiterated a “buy” rating and set a $88.00 price target on shares of Regal Beloit Corporation in a report on Wednesday, October 4th. Morgan Stanley increased their price target on shares of Regal Beloit Corporation from $82.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research cut shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $86.33.
Regal Beloit Corporation 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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