Regal Beloit Corporation (NYSE:RBC) Receives Daily Media Impact Score of 0.14
News stories about Regal Beloit Corporation (NYSE:RBC) have been trending somewhat positive on Saturday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Regal Beloit Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 47.8699567606074 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Regal Beloit (RBC) Presents At Jefferies 13th Annual Industrials Conference – Slideshow (seekingalpha.com)
- Q3 2017 EPS Estimates for Regal Beloit Corporation (NYSE:RBC) Raised by Oppenheimer Holdings (americanbankingnews.com)
- Zacks Investment Research Lowers Regal Beloit Corporation (NYSE:RBC) to Hold (americanbankingnews.com)
- Seaport Global Securities Weighs in on Regal Beloit Corporation’s Q3 2017 Earnings (NYSE:RBC) (americanbankingnews.com)
RBC has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $73.00 price objective on shares of Regal Beloit Corporation in a research note on Tuesday, April 18th. Credit Suisse Group reiterated a “buy” rating and issued a $88.00 price objective on shares of Regal Beloit Corporation in a research note on Thursday, June 29th. BidaskClub upgraded shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, CIBC upgraded shares of Regal Beloit Corporation from a “market perform” rating to an “outperform” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $83.00.
Regal Beloit Corporation (NYSE:RBC) opened at 78.85 on Friday. The company has a market capitalization of $3.52 billion, a P/E ratio of 17.41 and a beta of 1.52. Regal Beloit Corporation has a one year low of $56.45 and a one year high of $87.50. The firm has a 50-day moving average of $82.93 and a 200 day moving average of $78.39.
Regal Beloit Corporation (NYSE:RBC) last announced its quarterly earnings data on Monday, August 7th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. The firm had revenue of $869.20 million during the quarter, compared to analysts’ expectations of $854.66 million. Regal Beloit Corporation had a net margin of 6.29% and a return on equity of 9.88%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 earnings per share. On average, equities analysts forecast that Regal Beloit Corporation will post $4.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.26 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. Regal Beloit Corporation’s dividend payout ratio (DPR) is presently 22.96%.
In related news, Director Henry W. Knueppel sold 3,663 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $80.00, for a total transaction of $293,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Henry W. Knueppel sold 20,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the transaction, the director now owns 3,726 shares of the company’s stock, valued at approximately $316,710. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,663 shares of company stock valued at $2,813,040. Corporate insiders own 2.20% of the company’s stock.
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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