Regal Beloit Corp Expected to Post Q1 2018 Earnings of $1.27 Per Share (RBC)

Regal Beloit Corp (NYSE:RBC) – Investment analysts at KeyCorp issued their Q1 2018 EPS estimates for Regal Beloit in a report issued on Monday. KeyCorp analyst J. Hammond forecasts that the industrial products company will post earnings per share of $1.27 for the quarter. KeyCorp also issued estimates for Regal Beloit’s Q2 2018 earnings at $1.52 EPS, Q3 2018 earnings at $1.54 EPS, Q4 2018 earnings at $1.27 EPS and FY2018 earnings at $5.60 EPS.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.01. The business had revenue of $820.70 million during the quarter, compared to the consensus estimate of $794.65 million. Regal Beloit had a net margin of 6.34% and a return on equity of 9.76%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 earnings per share.

Several other equities research analysts also recently weighed in on RBC. Royal Bank of Canada reaffirmed a “buy” rating on shares of Regal Beloit in a report on Monday, November 6th. BMO Capital Markets reduced their price objective on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, November 7th. ValuEngine downgraded shares of Regal Beloit from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Zacks Investment Research raised shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Regal Beloit currently has an average rating of “Hold” and a consensus target price of $86.56.

Shares of Regal Beloit (NYSE RBC) opened at $73.70 on Wednesday. The firm has a market cap of $3,189.89, a PE ratio of 14.78, a P/E/G ratio of 1.22 and a beta of 1.44. Regal Beloit has a 1-year low of $71.05 and a 1-year 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 firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, March 28th. Regal Beloit’s payout ratio is 21.94%.

A number of hedge funds and other institutional investors have recently modified their holdings of RBC. State of Alaska Department of Revenue acquired a new stake in Regal Beloit in the 4th quarter valued at about $199,000. Pinebridge Investments L.P. acquired a new stake in Regal Beloit in the 3rd quarter valued at about $204,000. M&T Bank Corp acquired a new stake in Regal Beloit in the 2nd quarter valued at about $237,000. Regentatlantic Capital LLC acquired a new stake in Regal Beloit in the 4th quarter valued at about $241,000. Finally, Magnetar Financial LLC acquired a new stake in Regal Beloit in the 3rd quarter valued at about $246,000. 94.04% of the stock is owned by institutional investors.

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Regal Beloit 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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