Regal-Beloit Corp. (RBC) Releases Q1 Earnings Guidance
Regal-Beloit Corp. (NYSE:RBC) issued an update on its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.99-1.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.16, American Banking and Market News reports.
Regal-Beloit Corp. (NYSE:RBC) opened at 73.52 on Tuesday. Regal-Beloit Corp. has a 52 week low of $61.86 and a 52 week high of $88.25. The stock has a 50-day moving average of $75. and a 200-day moving average of $70.92. The company has a market cap of $3.313 billion and a price-to-earnings ratio of 17.91.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, March 26th.
Regal Beloit Corporation is a global manufacturer of electric motors and controls, electric generators and controls, and mechanical motion control products.
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