Equities research analysts predict that Regal Beloit Corp (NYSE:RBC) will announce $867.34 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Regal Beloit’s earnings. The highest sales estimate is $881.20 million and the lowest is $855.97 million. Regal Beloit posted sales of $813.50 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.6%. The business is expected to report its next quarterly earnings results on Monday, May 14th.
On average, analysts expect that Regal Beloit will report full year sales of $867.34 million for the current fiscal year, with estimates ranging from $3.47 billion to $3.53 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.63 billion per share, with estimates ranging from $3.56 billion to $3.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Regal Beloit.
Regal Beloit (NYSE:RBC) last released its earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The business had revenue of $820.70 million for the quarter, compared to the consensus estimate of $794.65 million. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. Regal Beloit’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share.
Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its holdings in Regal Beloit by 6.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 297,993 shares of the industrial products company’s stock worth $22,827,000 after purchasing an additional 18,088 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Regal Beloit by 1.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 500,585 shares of the industrial products company’s stock worth $38,345,000 after purchasing an additional 9,056 shares during the period. First Trust Advisors LP grew its holdings in Regal Beloit by 6.0% during the fourth quarter. First Trust Advisors LP now owns 399,027 shares of the industrial products company’s stock worth $30,565,000 after purchasing an additional 22,612 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Regal Beloit by 1.0% during the third quarter. Ameriprise Financial Inc. now owns 256,679 shares of the industrial products company’s stock worth $20,279,000 after acquiring an additional 2,447 shares during the period. Finally, AXA boosted its holdings in shares of Regal Beloit by 7.6% during the third quarter. AXA now owns 110,400 shares of the industrial products company’s stock worth $8,722,000 after acquiring an additional 7,770 shares during the period. Institutional investors and hedge funds own 96.70% of the company’s stock.
Shares of Regal Beloit (NYSE:RBC) opened at $74.20 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 2.21 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3,292.89, a PE ratio of 15.65, a P/E/G ratio of 1.21 and a beta of 1.44. Regal Beloit has a 12-month low of $67.84 and a 12-month high of $87.50.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Wednesday, March 28th. Regal Beloit’s payout ratio is currently 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.
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