Regal Beloit Corporation (RBC) Updates FY17 Earnings Guidance
Regal Beloit Corporation (NYSE:RBC) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $4.80-4.90 for the period, compared to the Thomson Reuters consensus estimate of $4.85.
Shares of Regal Beloit Corporation (RBC) opened at $76.35 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market cap of $3,431.34, a PE ratio of 16.24, a P/E/G ratio of 1.45 and a beta of 1.50.
Regal Beloit Corporation (NYSE:RBC) last posted its quarterly earnings results on Monday, November 6th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). Regal Beloit Corporation had a net margin of 6.28% and a return on equity of 9.91%. The business had revenue of $857.00 million during the quarter, compared to the consensus estimate of $837.19 million. During the same period last year, the firm earned $1.31 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. equities analysts anticipate that Regal Beloit Corporation will post 4.87 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.04 annualized dividend and a yield of 1.36%. Regal Beloit Corporation’s dividend payout ratio is currently 22.61%.
Several brokerages recently commented on RBC. Morgan Stanley boosted their price objective on shares of Regal Beloit Corporation from $82.00 to $87.00 and gave the company an equal weight rating in a research note on Monday, October 2nd. BidaskClub cut shares of Regal Beloit Corporation from a buy rating to a hold rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Regal Beloit Corporation from a buy rating to a hold rating in a research note on Thursday, August 10th. Stifel Nicolaus reissued a hold rating and issued a $85.00 price target on shares of Regal Beloit Corporation in a research note on Wednesday, July 19th. Finally, BMO Capital Markets cut their price target on shares of Regal Beloit Corporation from $88.00 to $85.00 and set a market perform rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Regal Beloit Corporation has an average rating of Hold and a consensus price target of $86.14.
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Regal Beloit Corporation Company Profile
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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