Regal Beloit (NYSE:RBC) will issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $1.63 per share for the quarter. Regal Beloit has set its FY19 guidance at $6.15-6.55 EPS.
Regal Beloit (NYSE:RBC) last released its quarterly earnings data on Monday, May 6th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The firm had revenue of $853.80 million during the quarter, compared to analysts’ expectations of $882.61 million. Regal Beloit had a return on equity of 11.24% and a net margin of 7.15%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. On average, analysts expect Regal Beloit to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
RBC opened at $76.82 on Friday. The firm has a market capitalization of $3.41 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. Regal Beloit has a 1 year low of $66.04 and a 1 year high of $87.31. The company has a current ratio of 2.71, a quick ratio of 1.53 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average price is $80.58.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.20 dividend on an annualized basis and a yield of 1.56%. Regal Beloit’s payout ratio is 20.00%.
A number of analysts recently issued reports on RBC shares. Royal Bank of Canada reissued a “hold” rating on shares of Regal Beloit in a research report on Tuesday, May 7th. Zacks Investment Research raised Regal Beloit from a “sell” rating to a “hold” rating and set a $82.00 price objective for the company in a research report on Monday, June 10th. Finally, BMO Capital Markets reduced their price objective on Regal Beloit from $95.00 to $93.00 and set a “market perform” rating for the company in a research report on Wednesday, May 8th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $89.00.
Regal Beloit Company Profile
Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and transmission products worldwide. It operates through three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.
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