Regal Beloit Corp (NYSE:RBC) – Research analysts at Oppenheimer increased their Q3 2019 earnings per share (EPS) estimates for Regal Beloit in a report issued on Tuesday, February 5th. Oppenheimer analyst C. Glynn now anticipates that the industrial products company will post earnings of $1.71 per share for the quarter, up from their prior forecast of $1.70. Oppenheimer has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Regal Beloit’s Q4 2019 earnings at $1.44 EPS and FY2019 earnings at $6.35 EPS.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings results on Monday, February 4th. The industrial products company reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.10. Regal Beloit had a return on equity of 11.18% and a net margin of 6.34%. The business had revenue of $881.70 million during the quarter, compared to the consensus estimate of $864.76 million. During the same period in the prior year, the company posted $1.14 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. Royal Bank of Canada reiterated a “buy” rating and set a $90.00 target price (down from $95.00) on shares of Regal Beloit in a research report on Monday, November 5th. Zacks Investment Research downgraded Regal Beloit from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. CIBC reiterated a “market perform” rating on shares of Regal Beloit in a research report on Tuesday, January 8th. Wolfe Research downgraded Regal Beloit from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 8th. Finally, BMO Capital Markets lowered their target price on Regal Beloit to $83.00 and set a “market perform” rating for the company in a research report on Wednesday, November 7th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Regal Beloit presently has an average rating of “Hold” and an average target price of $88.75.

RBC stock opened at $80.71 on Friday. Regal Beloit has a 1-year low of $66.04 and a 1-year high of $86.75. The company has a quick ratio of 1.42, a current ratio of 2.70 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.26 and a beta of 1.50.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.12 annualized dividend and a yield of 1.39%. Regal Beloit’s payout ratio is presently 18.67%.

Large investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank purchased a new stake in Regal Beloit during the 3rd quarter valued at $169,000. C M Bidwell & Associates Ltd. increased its stake in Regal Beloit by 150.5% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,305 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 1,385 shares during the period. Ifrah Financial Services Inc. purchased a new stake in Regal Beloit in the third quarter worth $207,000. Virtu Financial LLC purchased a new stake in Regal Beloit in the third quarter worth $213,000. Finally, Stevens Capital Management LP purchased a new stake in Regal Beloit in the third quarter worth $233,000. Institutional investors own 92.16% of the company’s stock.

About Regal Beloit

Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and power transmission products worldwide. It operates through three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.

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

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