Regal Beloit Corporation (RBC) to Release Earnings on Monday
Regal Beloit Corporation (NYSE:RBC) will release its earnings data 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 announced its quarterly earnings data on Monday, August 7th. The industrial products company reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The company had revenue of $869.20 million during the quarter, compared to analysts’ expectations of $854.66 million. Regal Beloit Corporation had a return on equity of 9.88% and a net margin of 6.29%. Regal Beloit Corporation’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $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.
Regal Beloit Corporation (RBC) opened at $80.70 on Friday. The firm has a market cap of $3,598.98, a price-to-earnings ratio of 17.13, a PEG ratio of 1.51 and a beta of 1.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.24 and a quick ratio of 1.29.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 28th. Regal Beloit Corporation’s payout ratio is 22.96%.
A number of equities analysts recently commented on the company. Morgan Stanley lifted their price target on Regal Beloit Corporation from $82.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. Zacks Investment Research cut Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub cut Regal Beloit Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $85.00 price target on shares of Regal Beloit Corporation in a report on Tuesday, August 22nd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price target on shares of Regal Beloit Corporation in a report on Friday, July 14th. One 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’s stock. Regal Beloit Corporation presently has a consensus rating of “Hold” and an average price target 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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