REGAL-BELOIT CORPORATION Receives Consensus Recommendation of “Buy” from Analysts (NYSE:RBC)
REGAL-BELOIT CORPORATION (NYSE:RBC) has received a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, Analyst Ratings Network reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $81.56.
REGAL-BELOIT CORPORATION (NYSE:RBC) traded down 0.39% on Thursday, hitting $69.76. The stock had a trading volume of 24,544 shares. REGAL-BELOIT CORPORATION has a 52 week low of $62.93 and a 52 week high of $80.41. The stock has a 50-day moving average of $73.89 and a 200-day moving average of $74.45. The company has a market cap of $3.152 billion and a price-to-earnings ratio of 26.69.
REGAL-BELOIT CORPORATION (NYSE:RBC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.01. The company had revenue of $850.40 million for the quarter, compared to the consensus estimate of $866.06 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that REGAL-BELOIT CORPORATION will post $4.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 8th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Monday, September 22nd.
RBC has been the subject of a number of recent research reports. Analysts at Longbow Research downgraded shares of REGAL-BELOIT CORPORATION from a “buy” rating to a “neutral” rating in a research note on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of REGAL-BELOIT CORPORATION in a research note on Monday, August 4th. They now have a $74.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of REGAL-BELOIT CORPORATION in a research note on Thursday, July 31st. They now have a $84.00 price target on the stock, down previously from $85.00.
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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