Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Regal Beloit (RBC) Share Price
News coverage about Regal Beloit (NYSE:RBC) has trended somewhat positive on Saturday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Regal Beloit earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.197592301212 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research analysts have recently commented on the company. Morgan Stanley upped their price target on Regal Beloit from $82.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $90.00 price target on shares of Regal Beloit in a report on Tuesday, November 28th. BMO Capital Markets cut their price target 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 lowered Regal Beloit from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Robert W. Baird reiterated a “buy” rating and set a $88.00 price target on shares of Regal Beloit in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $86.63.
Regal Beloit (NYSE RBC) traded up $1.55 on Friday, hitting $76.15. The stock had a trading volume of 359,009 shares, compared to its average volume of 215,208. The company has a market capitalization of $3,305.08, a PE ratio of 15.64, a PEG ratio of 1.39 and a beta of 1.48. The company has a current ratio of 2.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.48. Regal Beloit has a 1-year low of $68.30 and a 1-year high of $87.50.
Regal Beloit (NYSE:RBC) last released its quarterly earnings data 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). The firm had revenue of $857.00 million for the quarter, compared to the consensus estimate of $837.19 million. Regal Beloit had a net margin of 6.28% and a return on equity of 9.76%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 earnings per share. analysts anticipate that Regal Beloit will post 4.87 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, December 28th. Regal Beloit’s dividend payout ratio (DPR) is 22.61%.
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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