Wall Street analysts expect that Regal Beloit Corporation (NYSE:RBC) will post $852.77 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Regal Beloit Corporation’s earnings. The lowest sales estimate is $839.70 million and the highest is $867.80 million. Regal Beloit Corporation posted sales of $838.60 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, August 7th.

On average, analysts expect that Regal Beloit Corporation will report full-year sales of $852.77 million for the current year, with estimates ranging from $3.23 billion to $3.30 billion. For the next year, analysts forecast that the firm will report sales of $3.37 billion per share, with estimates ranging from $3.34 billion to $3.40 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Regal Beloit Corporation.

Regal Beloit Corporation (NYSE:RBC) last posted its quarterly earnings data on Monday, May 8th. The industrial products company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.12. The firm had revenue of $813.50 million during the quarter, compared to analysts’ expectations of $807.40 million. Regal Beloit Corporation had a net margin of 6.46% and a return on equity of 9.80%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company posted $0.95 EPS.

Several equities analysts recently commented on RBC shares. BidaskClub raised shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Credit Suisse Group reiterated a “buy” rating and set a $88.00 price objective on shares of Regal Beloit Corporation in a research note on Thursday, June 29th. ValuEngine upgraded shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Tuesday, April 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $73.00 price objective on shares of Regal Beloit Corporation in a research note on Tuesday, April 18th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $80.57.

In other Regal Beloit Corporation news, Director Henry W. Knueppel sold 20,000 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the transaction, the director now directly owns 3,726 shares in the company, valued at approximately $316,710. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Henry W. Knueppel sold 3,663 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $80.00, for a total transaction of $293,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 44,463 shares of company stock worth $3,677,364 over the last quarter. 2.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of RBC. Nationwide Fund Advisors boosted its stake in shares of Regal Beloit Corporation by 1.2% in the first quarter. Nationwide Fund Advisors now owns 102,453 shares of the industrial products company’s stock worth $7,751,000 after buying an additional 1,215 shares during the period. Hengehold Capital Management LLC purchased a new stake in Regal Beloit Corporation during the first quarter worth $359,000. Nisa Investment Advisors LLC boosted its stake in Regal Beloit Corporation by 119.0% in the first quarter. Nisa Investment Advisors LLC now owns 4,600 shares of the industrial products company’s stock worth $348,000 after buying an additional 2,500 shares during the period. Louisiana State Employees Retirement System boosted its stake in Regal Beloit Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the industrial products company’s stock worth $855,000 after buying an additional 200 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in Regal Beloit Corporation by 10.4% in the first quarter. Capstone Asset Management Co. now owns 6,476 shares of the industrial products company’s stock worth $490,000 after buying an additional 610 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Regal Beloit Corporation (NYSE:RBC) traded down 1.73% during trading on Friday, hitting $85.25. 189,430 shares of the company were exchanged. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 18.49 and a beta of 1.52. Regal Beloit Corporation has a 12 month low of $56.45 and a 12 month high of $87.50. The company has a 50-day moving average of $82.11 and a 200-day moving average of $77.12.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.22%. This is an increase from Regal Beloit Corporation’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Wednesday, June 28th. Regal Beloit Corporation’s dividend payout ratio is 22.56%.

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

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