Barrington Research Comments on Regal Beloit Corp’s FY2018 Earnings (RBC)

Regal Beloit Corp (NYSE:RBC) – Analysts at Barrington Research lifted their FY2018 earnings per share estimates for Regal Beloit in a research report issued to clients and investors on Monday. Barrington Research analyst M. Gall now forecasts that the industrial products company will post earnings of $5.54 per share for the year, up from their prior estimate of $5.26. Barrington Research currently has a “Outperform” rating and a $87.00 target price on the stock. Barrington Research also issued estimates for Regal Beloit’s Q1 2019 earnings at $1.31 EPS, Q2 2019 earnings at $1.52 EPS, Q3 2019 earnings at $1.61 EPS, Q4 2019 earnings at $1.50 EPS and FY2019 earnings at $5.94 EPS.

A number of other equities analysts have also commented on RBC. Royal Bank of Canada restated a “buy” rating on shares of Regal Beloit in a research note on Monday, November 6th. BMO Capital Markets lowered their price objective on 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. ValuEngine lowered Regal Beloit from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Tuesday, January 2nd. Finally, Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $82.00 to $88.00 in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Regal Beloit presently has a consensus rating of “Hold” and a consensus price target of $86.73.

Regal Beloit (NYSE RBC) traded down $1.50 during trading on Tuesday, reaching $74.50. The company’s stock had a trading volume of 109,626 shares, compared to its average volume of 352,562. Regal Beloit has a 12-month low of $71.05 and a 12-month high of $87.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.21. The company has a market cap of $3,329.45, a price-to-earnings ratio of 16.03, a PEG ratio of 1.22 and a beta of 1.44.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Regal Beloit by 4.3% in the 4th quarter. BlackRock Inc. now owns 4,243,407 shares of the industrial products company’s stock valued at $325,044,000 after purchasing an additional 173,534 shares during the last quarter. State Street Corp increased its stake in shares of Regal Beloit by 2.2% in the 2nd quarter. State Street Corp now owns 1,163,293 shares of the industrial products company’s stock valued at $94,869,000 after purchasing an additional 24,844 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Regal Beloit by 9.8% in the 4th quarter. Fisher Asset Management LLC now owns 705,483 shares of the industrial products company’s stock valued at $54,040,000 after purchasing an additional 63,157 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Regal Beloit by 11.4% in the 3rd quarter. Prudential Financial Inc. now owns 630,849 shares of the industrial products company’s stock valued at $49,837,000 after purchasing an additional 64,750 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Regal Beloit by 133.6% in the 4th quarter. LSV Asset Management now owns 543,660 shares of the industrial products company’s stock valued at $41,644,000 after purchasing an additional 310,927 shares during the last quarter. Institutional investors own 94.75% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders 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 1.40%. Regal Beloit’s payout ratio is 21.94%.

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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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