Regal Beloit Corp (NYSE:RBC) – Investment analysts at Barrington Research issued their Q1 2018 EPS estimates for shares of Regal Beloit in a note issued to investors on Monday. Barrington Research analyst M. Gall expects that the industrial products company will post earnings of $1.25 per share for the quarter. Barrington Research has a “Outperform” rating and a $87.00 price objective on the stock. Barrington Research also issued estimates for Regal Beloit’s Q2 2018 earnings at $1.44 EPS, Q3 2018 earnings at $1.50 EPS and Q4 2018 earnings at $1.35 EPS.

Regal Beloit (NYSE:RBC) last issued its earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The company had revenue of $820.70 million during the quarter, compared to analyst estimates of $794.65 million. Regal Beloit had a net margin of 6.34% and a return on equity of 9.64%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS.

RBC has been the subject of a number of other research reports. Zacks Investment Research raised shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday. Royal Bank of Canada reissued a “buy” rating and set a $90.00 target price on shares of Regal Beloit in a research note on Tuesday, November 28th. BMO Capital Markets decreased their target price on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday, November 7th. Seaport Global Securities raised shares of Regal Beloit from a “neutral” rating to a “buy” rating and lifted their target price for the company from $82.00 to $88.00 in a research note on Wednesday, February 7th. Finally, ValuEngine lowered shares of Regal Beloit from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Regal Beloit has a consensus rating of “Buy” and a consensus price target of $86.64.

Shares of Regal Beloit (RBC) opened at $75.60 on Wednesday. The stock has a market cap of $3,367.10, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44. Regal Beloit has a 52 week low of $71.05 and a 52 week high of $87.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.21.

Hedge funds have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. acquired a new position in Regal Beloit during the 4th quarter worth $100,000. Tower Research Capital LLC TRC lifted its position in Regal Beloit by 2,200.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,300 shares of the industrial products company’s stock worth $176,000 after acquiring an additional 2,200 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Regal Beloit during the 4th quarter worth $199,000. Pinebridge Investments L.P. acquired a new position in Regal Beloit during the 3rd quarter worth $204,000. Finally, Regentatlantic Capital LLC acquired a new position in Regal Beloit during the 4th quarter worth $241,000. 94.75% of the stock is owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, March 28th. Regal Beloit’s payout ratio is presently 21.94%.

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About Regal Beloit

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.

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

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