Regal Beloit Corp (RBC) Expected to Announce Quarterly Sales of $790.31 Million

Equities research analysts expect Regal Beloit Corp (NYSE:RBC) to post sales of $790.31 million for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Regal Beloit’s earnings. The lowest sales estimate is $776.49 million and the highest is $799.20 million. Regal Beloit reported sales of $758.10 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The firm is expected to issue its next quarterly earnings results after the market closes 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 expect that the company will post sales of $3.44 billion per share, with estimates ranging from $3.43 billion to $3.46 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Regal Beloit.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings results on Monday, November 6th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). Regal Beloit had a net margin of 6.28% and a return on equity of 9.76%. The business had revenue of $857.00 million during the quarter, compared to the consensus estimate of $837.19 million. During the same period last year, the firm earned $1.31 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis.

Several analysts have recently issued reports on RBC shares. Zacks Investment Research raised shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, January 2nd. ValuEngine raised shares of Regal Beloit from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Royal Bank of Canada reissued a “buy” rating and issued a $90.00 price target on shares of Regal Beloit in a research report on Tuesday, November 28th. Robert W. Baird reissued a “buy” rating and issued a $88.00 price target on shares of Regal Beloit in a research report on Wednesday, October 4th. Finally, Morgan Stanley boosted their price target on shares of Regal Beloit from $82.00 to $87.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Regal Beloit presently has a consensus rating of “Hold” and an average target price of $86.56.

Shares of Regal Beloit (NYSE:RBC) opened at $79.40 on Friday. Regal Beloit has a 12-month low of $70.25 and a 12-month high of $87.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.22 and a quick ratio of 1.22. The stock has a market cap of $3,455.71, a P/E ratio of 17.26, a PEG ratio of 1.32 and a beta of 1.48.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.04 annualized dividend and a yield of 1.31%. Regal Beloit’s dividend payout ratio is currently 22.61%.

A number of large investors have recently modified their holdings of RBC. State of Alaska Department of Revenue purchased a new position in Regal Beloit during the fourth quarter valued at approximately $199,000. Pinebridge Investments L.P. purchased a new position in Regal Beloit during the third quarter valued at approximately $204,000. M&T Bank Corp purchased a new position in Regal Beloit during the second quarter valued at approximately $237,000. Magnetar Financial LLC purchased a new position in Regal Beloit during the third quarter valued at approximately $246,000. Finally, Oakbrook Investments LLC purchased a new position in Regal Beloit during the third quarter valued at approximately $261,000. 93.81% of the stock is owned by institutional investors.

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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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