Regal Beloit Corp. (NYSE:RBC) – Stock analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for shares of Regal Beloit Corp. in a research note issued to investors on Wednesday. Jefferies Group analyst B. Bohra forecasts that the firm will post earnings per share of $0.99 for the quarter. Jefferies Group also issued estimates for Regal Beloit Corp.’s Q2 2017 earnings at $1.29 EPS, Q3 2017 earnings at $1.35 EPS, Q4 2017 earnings at $1.18 EPS and FY2017 earnings at $4.81 EPS.

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

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

Other research analysts have also recently issued research reports about the stock. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $63.00 price target on shares of Regal Beloit Corp. in a report on Tuesday, August 9th. BMO Capital Markets reaffirmed a “hold” rating on shares of Regal Beloit Corp. in a report on Tuesday. Zacks Investment Research raised shares of Regal Beloit Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 19th. TheStreet raised shares of Regal Beloit Corp. from a “hold” rating to a “buy” rating in a report on Thursday, August 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Regal Beloit Corp. in a report on Monday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Regal Beloit Corp. has a consensus rating of “Hold” and a consensus target price of $63.50.

Regal Beloit Corp. (NYSE:RBC) opened at 68.45 on Thursday. Regal Beloit Corp. has a 1-year low of $47.77 and a 1-year high of $68.60. The stock has a market cap of $3.06 billion, a PE ratio of 21.60 and a beta of 1.53. The company’s 50 day moving average is $59.94 and its 200-day moving average is $59.50.

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

Hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors Inc. raised its stake in Regal Beloit Corp. by 3.7% in the first quarter. Teachers Advisors Inc. now owns 37,650 shares of the company’s stock valued at $2,375,000 after buying an additional 1,348 shares in the last quarter. State Street Corp increased its position in Regal Beloit Corp. by 0.8% in the first quarter. State Street Corp now owns 1,104,459 shares of the company’s stock valued at $69,681,000 after buying an additional 8,563 shares during the last quarter. Geode Capital Management LLC increased its position in Regal Beloit Corp. by 4.3% in the first quarter. Geode Capital Management LLC now owns 282,183 shares of the company’s stock valued at $17,802,000 after buying an additional 11,573 shares during the last quarter. Renaissance Technologies LLC increased its position in Regal Beloit Corp. by 10.5% in the first quarter. Renaissance Technologies LLC now owns 292,100 shares of the company’s stock valued at $18,429,000 after buying an additional 27,800 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in Regal Beloit Corp. by 13.4% in the first quarter. Nuveen Asset Management LLC now owns 182,744 shares of the company’s stock valued at $11,529,000 after buying an additional 21,546 shares during the last quarter. Institutional investors own 95.89% of the company’s stock.

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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