Regal Beloit Corporation (NYSE:RBC) – Investment analysts at Barrington Research issued their Q2 2017 EPS estimates for Regal Beloit Corporation in a note issued to investors on Wednesday. Barrington Research analyst M. Gall expects that the industrial products company will earn $1.29 per share for the quarter. Barrington Research also issued estimates for Regal Beloit Corporation’s Q3 2017 earnings at $1.40 EPS, Q4 2017 earnings at $1.14 EPS, FY2017 earnings at $4.90 EPS and FY2018 earnings at $5.42 EPS.

Other equities analysts have also recently issued reports about the stock. ValuEngine raised shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Tuesday, April 11th. Credit Suisse Group reissued a “buy” rating and issued a $88.00 price objective on shares of Regal Beloit Corporation in a research note on Thursday, June 29th. BidaskClub cut shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $73.00 price objective on shares of Regal Beloit Corporation in a research note on Tuesday, April 18th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $78.57.

ILLEGAL ACTIVITY NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/07/07/barrington-research-comments-on-regal-beloit-corporations-q2-2017-earnings-rbc.html.

Shares of Regal Beloit Corporation (NYSE RBC) opened at 82.30 on Friday. The stock has a 50 day moving average of $80.02 and a 200 day moving average of $75.83. Regal Beloit Corporation has a 12-month low of $53.80 and a 12-month high of $83.65. The stock has a market capitalization of $3.69 billion, a P/E ratio of 17.85 and a beta of 1.52.

Regal Beloit Corporation (NYSE:RBC) last issued its quarterly earnings results on Monday, May 8th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.12. The business had revenue of $813.50 million for the quarter, compared to analyst estimates of $807.40 million. Regal Beloit Corporation had a net margin of 6.46% and a return on equity of 9.80%. Regal Beloit Corporation’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from Regal Beloit Corporation’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.26%. Regal Beloit Corporation’s payout ratio is currently 22.56%.

In related news, Director Henry W. Knueppel sold 10,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $82.00, for a total value of $820,000.00. Following the sale, the director now directly owns 3,726 shares in the company, valued at approximately $305,532. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Henry W. Knueppel sold 10,800 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $80.03, for a total transaction of $864,324.00. Following the completion of the sale, the director now owns 4,326 shares in the company, valued at $346,209.78. The disclosure for this sale can be found here. Insiders sold a total of 24,463 shares of company stock worth $1,977,364 over the last quarter. Insiders own 2.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its position in shares of Regal Beloit Corporation by 36.2% in the first quarter. Nuveen Asset Management LLC now owns 386,346 shares of the industrial products company’s stock valued at $29,227,000 after buying an additional 102,723 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Regal Beloit Corporation by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 476,010 shares of the industrial products company’s stock valued at $36,010,000 after buying an additional 12,329 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Regal Beloit Corporation during the first quarter valued at $1,891,000. Colony Group LLC purchased a new position in shares of Regal Beloit Corporation during the first quarter valued at $1,779,000. Finally, Macquarie Group Ltd. increased its position in shares of Regal Beloit Corporation by 0.6% in the first quarter. Macquarie Group Ltd. now owns 387,018 shares of the industrial products company’s stock valued at $29,278,000 after buying an additional 2,216 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

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.

Earnings History and Estimates for Regal Beloit Corporation (NYSE:RBC)

Receive News & Ratings for Regal Beloit Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Beloit Corporation and related companies with MarketBeat.com's FREE daily email newsletter.