Regal Beloit Corp. (NYSE:RBC) – Equities research analysts at Jefferies Group issued their FY2016 earnings per share estimates for shares of Regal Beloit Corp. in a report issued on Wednesday. Jefferies Group analyst B. Bohra expects that the firm will earn $4.46 per share for the year. Jefferies Group also issued estimates for Regal Beloit Corp.’s Q4 2016 earnings at $1.06 EPS.

Regal Beloit Corp. (NYSE:RBC) last posted its earnings results on Monday, November 7th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. The firm earned $809.60 million during the quarter, compared to analysts’ expectations of $826.04 million. Regal Beloit Corp. had a net margin of 4.27% and a return on equity of 10.01%. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share.

Earnings History and Estimates for Regal Beloit Corp. (NYSE:RBC)

A number of other research analysts have also weighed in on RBC. BMO Capital Markets lowered Regal Beloit Corp. from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $76.00 to $66.00 in a report on Tuesday, August 2nd. Credit Suisse Group AG reaffirmed a “buy” rating and set a $63.00 target price on shares of Regal Beloit Corp. in a report on Tuesday, August 9th. TheStreet raised Regal Beloit Corp. from a “hold” rating to a “buy” rating in a report on Thursday, August 18th. Zacks Investment Research raised Regal Beloit Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Seaport Global Securities lowered Regal Beloit Corp. from an “accumulate” rating to a “neutral” rating and reduced their target price for the company from $68.00 to $64.00 in a report on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Regal Beloit Corp. currently has a consensus rating of “Hold” and a consensus price target of $63.50.

Regal Beloit Corp. (NYSE:RBC) opened at 68.45 on Friday. The company has a market cap of $3.06 billion, a PE ratio of 21.60 and a beta of 1.53. Regal Beloit Corp. has a 12-month low of $47.77 and a 12-month high of $68.60. The stock has a 50 day moving average of $59.94 and a 200-day moving average of $59.50.

A number of hedge funds have recently made changes to their positions in RBC. Tower Research Capital LLC TRC increased its stake in shares of 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 during the last quarter. LS Investment Advisors LLC increased its stake in shares of 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 during the last quarter. Acrospire Investment Management LLC increased its stake in shares of 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 during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Regal Beloit Corp. during the second quarter valued at $188,000. Finally, Genesee Valley Trust Co. increased its stake in shares of Regal Beloit Corp. by 3.0% in the second quarter. Genesee Valley Trust Co. now owns 3,733 shares of the company’s stock valued at $206,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 95.89% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be given a $0.24 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $0.96 dividend on an annualized basis and a yield of 1.40%. Regal Beloit Corp.’s payout ratio is 31.17%.

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.

5 Day Chart for NYSE:RBC

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