Regal Beloit Corp (RBC) to Post Q3 2019 Earnings of $1.73 Per Share, Seaport Global Securities Forecasts

Regal Beloit Corp (NYSE:RBC) – Research analysts at Seaport Global Securities issued their Q3 2019 earnings per share (EPS) estimates for Regal Beloit in a report issued on Wednesday. Seaport Global Securities analyst W. Liptak anticipates that the industrial products company will post earnings of $1.73 per share for the quarter. Seaport Global Securities has a “Buy” rating and a $88.00 price objective on the stock.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.01. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. The business had revenue of $820.70 million during the quarter, compared to analysts’ expectations of $794.65 million. During the same quarter last year, the company posted $1.04 earnings per share. Regal Beloit’s quarterly revenue was up 8.3% on a year-over-year basis.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 price target for the company 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 note on Tuesday, December 19th. Royal Bank of Canada reaffirmed a “buy” rating and set a $90.00 target price on shares of Regal Beloit in a research note on Tuesday, November 28th. Finally, BMO Capital Markets reduced their price objective on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $86.70.

Shares of Regal Beloit (NYSE:RBC) traded up $1.20 during trading hours on Friday, hitting $75.15. The stock had a trading volume of 527,348 shares, compared to its average volume of 358,609. Regal Beloit has a 12 month low of $71.05 and a 12 month high of $87.50. The company has a market capitalization of $3,349.38, a PE ratio of 15.34, a PEG ratio of 1.23 and a beta of 1.44. The company has a current ratio of 2.21, a quick ratio of 1.22 and a debt-to-equity ratio of 0.44.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. Regal Beloit’s dividend payout ratio is 21.94%.

Several institutional investors have recently modified their holdings of RBC. Tower Research Capital LLC TRC grew its stake in shares of Regal Beloit by 2,200.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,300 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 2,200 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Regal Beloit during the fourth quarter valued at $199,000. Pinebridge Investments L.P. bought a new stake in Regal Beloit during the third quarter valued at $204,000. M&T Bank Corp bought a new stake in Regal Beloit during the second quarter valued at $237,000. Finally, Regentatlantic Capital LLC bought a new stake in Regal Beloit during the fourth quarter valued at $241,000. 94.04% of the stock is currently 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.

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

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