Research Analysts Issue Forecasts for Regal Beloit Corp.’s FY2017 Earnings (RBC)
Regal Beloit Corp. (NYSE:RBC) – Equities researchers at Barrington Research dropped their FY2017 EPS estimates for shares of Regal Beloit Corp. in a note issued to investors on Monday. Barrington Research analyst R. Hokanson now expects that the firm will post earnings per share of $5.10 for the year, down from their prior forecast of $5.33.
Regal Beloit Corp. (NYSE:RBC) last issued its quarterly earnings data on Monday, August 8th. The company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by $0.10. Regal Beloit Corp. had a net margin of 4.30% and a return on equity of 10.35%. The business had revenue of $838.60 million for the quarter, compared to analyst estimates of $857.88 million. During the same quarter last year, the business earned $1.53 EPS. Regal Beloit Corp.’s revenue for the quarter was down 11.0% compared to the same quarter last year.
A number of other research analysts also recently weighed in on RBC. Credit Suisse Group AG reiterated a “buy” rating on shares of Regal Beloit Corp. in a report on Saturday, July 9th. Jefferies Group restated a “hold” rating on shares of Regal Beloit Corp. in a research note on Friday, July 1st. Zacks Investment Research upgraded Regal Beloit Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 19th. KeyCorp restated a “hold” rating on shares of Regal Beloit Corp. in a research note on Monday, October 10th. Finally, TheStreet upgraded Regal Beloit Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Regal Beloit Corp. presently has an average rating of “Hold” and a consensus target price of $63.50.
Shares of Regal Beloit Corp. (NYSE:RBC) traded down 0.42% during midday trading on Tuesday, reaching $59.50. The company’s stock had a trading volume of 8,861 shares. Regal Beloit Corp. has a 12 month low of $47.77 and a 12 month high of $68.45. The stock has a market capitalization of $2.66 billion, a P/E ratio of 18.78 and a beta of 1.57. The stock’s 50-day moving average is $59.61 and its 200 day moving average is $60.10.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.96 annualized dividend and a dividend yield of 1.61%. Regal Beloit Corp.’s dividend payout ratio is presently 30.28%.
In related news, VP Terry R. Colvin sold 1,615 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $62.47, for a total transaction of $100,889.05. Following the completion of the transaction, the vice president now owns 21,146 shares of the company’s stock, valued at approximately $1,320,990.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Regal Beloit Corp. by 1,443.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,898 shares of the company’s stock valued at $105,000 after buying an additional 1,775 shares in the last quarter. LS Investment Advisors LLC boosted its position in Regal Beloit Corp. by 72.7% in the second quarter. LS Investment Advisors LLC now owns 2,730 shares of the company’s stock valued at $150,000 after buying an additional 1,149 shares in the last quarter. Cutler Group LP boosted its position in Regal Beloit Corp. by 3,240.0% in the first quarter. Cutler Group LP now owns 3,340 shares of the company’s stock valued at $210,000 after buying an additional 3,240 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Regal Beloit Corp. by 9.7% in the second quarter. Acrospire Investment Management LLC now owns 3,400 shares of the company’s stock valued at $187,000 after buying an additional 300 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in Regal Beloit Corp. during the second quarter valued at $188,000. 96.00% of the stock is owned by institutional investors and hedge funds.
Regal Beloit Corp. Company Profile
Regal Beloit Corporation is a manufacturer of electric motors and controls, electric generators and controls, and power transmission products. The Company operates through three segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Its Commercial and Industrial Systems segment produces medium and large motors, commercial and industrial equipment, generator and custom drives and systems serving commercial heating, ventilation and air conditioning (HVAC), and power and oil and gas systems.
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