Regal Beloit Corp (NYSE:RBC) – Equities research analysts at Oppenheimer boosted their Q1 2018 earnings estimates for shares of Regal Beloit in a research note issued on Tuesday. Oppenheimer analyst C. Glynn now forecasts that the industrial products company will post earnings per share of $1.29 for the quarter, up from their prior forecast of $1.25. Oppenheimer also issued estimates for Regal Beloit’s Q2 2018 earnings at $1.51 EPS, Q3 2018 earnings at $1.53 EPS, Q4 2018 earnings at $1.22 EPS, FY2018 earnings at $5.55 EPS and FY2019 earnings at $6.05 EPS.
Several other equities analysts have also recently weighed in on RBC. Royal Bank of Canada restated a “buy” rating on shares of Regal Beloit in a report on Monday, November 6th. BMO Capital Markets decreased their price objective on Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, November 7th. ValuEngine cut Regal Beloit from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, January 2nd. Finally, Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and raised their price objective for the company from $82.00 to $88.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $86.70.
Regal Beloit (NYSE:RBC) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 the consensus estimate of $794.65 million. During the same quarter last year, the business posted $1.04 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Wednesday, March 28th. Regal Beloit’s payout ratio is currently 21.94%.
A number of institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. grew its holdings in Regal Beloit by 1.6% during the second quarter. Ameritas Investment Partners Inc. now owns 13,409 shares of the industrial products company’s stock worth $1,094,000 after purchasing an additional 206 shares during the period. Aperio Group LLC grew its holdings in Regal Beloit by 4.8% during the third quarter. Aperio Group LLC now owns 14,965 shares of the industrial products company’s stock worth $1,182,000 after purchasing an additional 684 shares during the period. American Century Companies Inc. grew its holdings in Regal Beloit by 1.0% during the third quarter. American Century Companies Inc. now owns 72,201 shares of the industrial products company’s stock worth $5,704,000 after purchasing an additional 750 shares during the period. Alpha Windward LLC grew its holdings in Regal Beloit by 16.6% during 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. Finally, Lingohr & Partner Asset Management GmbH grew its holdings in Regal Beloit by 5.9% during the fourth quarter. Lingohr & Partner Asset Management GmbH now owns 19,847 shares of the industrial products company’s stock worth $1,520,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 94.04% of the company’s stock.
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About Regal Beloit
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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