Analysts expect Regal Beloit Corp (NYSE:RBC) to post sales of $790.31 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Regal Beloit’s earnings, with estimates ranging from $776.49 million to $799.20 million. Regal Beloit posted sales of $758.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The firm is expected to announce its next quarterly earnings report on Monday, February 5th.
On average, analysts expect that Regal Beloit will report full year sales of $790.31 million for the current financial year, with estimates ranging from $3.30 billion to $3.34 billion. For the next year, analysts anticipate that the company will post sales of $3.44 billion per share, with estimates ranging from $3.43 billion to $3.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Regal Beloit.
Regal Beloit (NYSE:RBC) last announced its earnings results 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 analyst estimates of $837.19 million. Regal Beloit had a return on equity of 9.76% and a net margin of 6.28%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.31 EPS.
Shares of Regal Beloit (NYSE:RBC) traded up $0.65 during trading on Friday, hitting $79.15. 386,600 shares of the company were exchanged, compared to its average volume of 287,033. The firm has a market cap of $3,477.86, a PE ratio of 17.21, a P/E/G ratio of 1.33 and a beta of 1.48. The company has a quick ratio of 1.22, a current ratio of 2.22 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.
The business also recently disclosed 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 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, December 28th. Regal Beloit’s payout ratio is presently 22.61%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Pinebridge Investments L.P. acquired a new stake in Regal Beloit in the 3rd quarter valued at about $204,000. Synovus Financial Corp increased its position in Regal Beloit by 4.4% in the 2nd quarter. Synovus Financial Corp now owns 2,607 shares of the industrial products company’s stock valued at $209,000 after acquiring an additional 110 shares in the last quarter. Airain ltd acquired a new stake in Regal Beloit in the 2nd quarter valued at about $224,000. M&T Bank Corp acquired a new stake in Regal Beloit in the 2nd quarter valued at about $237,000. Finally, Bridgewater Associates LP acquired a new stake in Regal Beloit in the 2nd quarter valued at about $248,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.
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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