Regal Beloit Corp Expected to Earn Q1 2018 Earnings of $1.25 Per Share (RBC)

Regal Beloit Corp (NYSE:RBC) – Stock analysts at Barrington Research issued their Q1 2018 earnings per share (EPS) estimates for shares of Regal Beloit in a note issued to investors on Monday. Barrington Research analyst M. Gall anticipates that the industrial products company will post earnings of $1.25 per share for the quarter. Barrington Research currently has a “Outperform” rating and a $87.00 target price 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 quarterly earnings results on Monday, February 5th. The industrial products company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.13 by $0.01. Regal Beloit had a net margin of 6.34% and a return on equity of 9.64%. The business had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $794.65 million. During the same quarter last year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on RBC. Royal Bank of Canada reissued a “buy” rating on shares of Regal Beloit in a report on Monday, November 6th. BMO Capital Markets cut their target price on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating on the stock in a report on Tuesday, November 7th. ValuEngine cut shares of Regal Beloit from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, January 2nd. Finally, Seaport Global Securities raised shares of Regal Beloit from a “neutral” rating to a “buy” rating and raised their target price for the stock from $82.00 to $88.00 in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $86.64.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in RBC. LSV Asset Management raised its holdings in shares of Regal Beloit by 133.6% during the fourth quarter. LSV Asset Management now owns 543,660 shares of the industrial products company’s stock valued at $41,644,000 after buying an additional 310,927 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Regal Beloit by 133.4% during the third quarter. Principal Financial Group Inc. now owns 444,149 shares of the industrial products company’s stock valued at $35,088,000 after buying an additional 253,888 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Regal Beloit by 4.3% during the fourth quarter. BlackRock Inc. now owns 4,243,407 shares of the industrial products company’s stock valued at $325,044,000 after buying an additional 173,534 shares during the last quarter. New Amsterdam Partners LLC NY bought a new stake in shares of Regal Beloit during the fourth quarter valued at approximately $5,520,000. Finally, Guggenheim Capital LLC raised its holdings in shares of Regal Beloit by 306.0% during the fourth quarter. Guggenheim Capital LLC now owns 94,445 shares of the industrial products company’s stock valued at $7,235,000 after buying an additional 71,185 shares during the last quarter. 94.75% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.38%. Regal Beloit’s dividend payout ratio (DPR) 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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