Regal Beloit Corporation (RBC) Updates FY17 Earnings Guidance
Regal Beloit Corporation (NYSE:RBC) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $4.80-4.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.85.
Shares of Regal Beloit Corporation (NYSE RBC) opened at $77.45 on Tuesday. The company has a market capitalization of $3,598.97, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.51 and a beta of 1.50. The company has a quick ratio of 1.29, a current ratio of 2.24 and a debt-to-equity ratio of 0.53.
Regal Beloit Corporation (NYSE:RBC) last issued its earnings results on Monday, November 6th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Regal Beloit Corporation had a return on equity of 9.88% and a net margin of 6.29%. The company had revenue of $857.00 million during the quarter, compared to analyst estimates of $837.19 million. During the same period last year, the business earned $1.31 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. research analysts predict that Regal Beloit Corporation will post 4.87 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, December 28th. Regal Beloit Corporation’s dividend payout ratio (DPR) is presently 22.96%.
RBC has been the subject of a number of recent research reports. Robert W. Baird reaffirmed a buy rating and issued a $88.00 target price on shares of Regal Beloit Corporation in a research note on Wednesday, October 4th. Stifel Nicolaus reaffirmed a hold rating and issued a $85.00 target price on shares of Regal Beloit Corporation in a research note on Tuesday, August 22nd. BidaskClub downgraded Regal Beloit Corporation from a hold rating to a sell rating in a research note on Thursday, August 3rd. Morgan Stanley raised their target price on Regal Beloit Corporation from $82.00 to $87.00 and gave the stock an equal weight rating in a research note on Monday, October 2nd. Finally, Wolfe Research initiated coverage on Regal Beloit Corporation in a research note on Tuesday, July 11th. They issued a market perform rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $86.33.
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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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