Regal Beloit Corp Forecasted to Post Q1 2018 Earnings of $1.25 Per Share (RBC)

Regal Beloit Corp (NYSE:RBC) – Analysts at Barrington Research issued their Q1 2018 earnings per share estimates for shares of Regal Beloit in a note issued to investors on Monday. Barrington Research analyst M. Gall forecasts that the industrial products company will post earnings of $1.25 per share for the quarter. Barrington Research has a “Outperform” rating and a $87.00 price objective on the stock. Barrington Research also issued estimates for Regal Beloit’s Q2 2018 earnings at $1.44 EPS, Q3 2018 earnings at $1.50 EPS and Q4 2018 earnings at $1.35 EPS.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings data 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 net margin of 6.34% and a return on equity of 9.64%. The firm had revenue of $820.70 million for the quarter, compared to analyst estimates of $794.65 million. During the same quarter in the previous year, the business posted $1.04 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year.

RBC has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday. Royal Bank of Canada reiterated a “buy” rating and issued a $90.00 price objective on shares of Regal Beloit in a report on Tuesday, November 28th. BMO Capital Markets cut 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 report on Tuesday, November 7th. Seaport Global Securities upgraded shares of Regal Beloit from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $82.00 to $88.00 in a report on Wednesday, February 7th. Finally, ValuEngine lowered shares of Regal Beloit from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Regal Beloit presently has an average rating of “Buy” and a consensus target price of $86.64.

Regal Beloit (RBC) opened at $74.45 on Wednesday. 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 0.44, a current ratio of 2.21 and a quick ratio of 1.15. The company has a market cap of $3,367.10, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44.

Institutional investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Regal Beloit in the 4th quarter valued at about $100,000. Tower Research Capital LLC TRC raised its stake in shares of Regal Beloit by 2,200.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,300 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 2,200 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Regal Beloit in the 4th quarter valued at about $199,000. Pinebridge Investments L.P. acquired a new stake in shares of Regal Beloit in the 3rd quarter valued at about $204,000. Finally, Regentatlantic Capital LLC acquired a new stake in shares of Regal Beloit in the 4th quarter valued at about $241,000. Institutional investors and hedge funds own 94.75% of the company’s stock.

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.40%. Regal Beloit’s dividend payout ratio (DPR) is presently 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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