Regal Beloit Corporation (RBC) Expected to Post Quarterly Sales of $792.23 Million

Equities research analysts expect Regal Beloit Corporation (NYSE:RBC) to post sales of $792.23 million for the current quarter, Zacks reports. Seven analysts have made estimates for Regal Beloit Corporation’s earnings, with the highest sales estimate coming in at $803.90 million and the lowest estimate coming in at $776.49 million. Regal Beloit Corporation posted sales of $758.10 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 5th.

On average, analysts expect that Regal Beloit Corporation will report full-year sales of $792.23 million for the current year, with estimates ranging from $3.30 billion to $3.34 billion. For the next financial year, analysts expect that the company will post sales of $3.44 billion per share, with estimates ranging from $3.41 billion to $3.49 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Regal Beloit Corporation.

Regal Beloit Corporation (NYSE:RBC) last issued its earnings results on Monday, November 6th. The industrial products company reported $1.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.01). Regal Beloit Corporation had a return on equity of 9.76% and a net margin of 6.28%. The firm had revenue of $857.00 million during the quarter, compared to analysts’ expectations of $837.19 million. During the same quarter in the prior year, the company posted $1.31 earnings per share. Regal Beloit Corporation’s quarterly revenue was up 5.9% compared to the same quarter last year.

RBC has been the subject of several research reports. Robert W. Baird reiterated a “buy” rating and issued a $88.00 target price on shares of Regal Beloit Corporation in a report on Wednesday, October 4th. Stifel Nicolaus restated a “hold” rating and set a $85.00 price objective on shares of Regal Beloit Corporation in a research note on Tuesday, August 22nd. Royal Bank Of Canada restated a “buy” rating on shares of Regal Beloit Corporation in a research note on Monday, November 6th. BidaskClub cut Regal Beloit Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Morgan Stanley upped their price objective on Regal Beloit Corporation from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.14.

Shares of Regal Beloit Corporation (NYSE RBC) opened at $77.35 on Friday. Regal Beloit Corporation has a 1-year low of $66.55 and a 1-year high of $87.50. The firm has a market capitalization of $3,426.91, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.22 and a quick ratio of 1.29.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, December 28th. Regal Beloit Corporation’s dividend payout ratio is currently 22.61%.

Large investors have recently made changes to their positions in the stock. Ronald Blue & Co. LLC lifted its position in shares of Regal Beloit Corporation by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 4,566 shares of the industrial products company’s stock valued at $372,000 after acquiring an additional 14 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Regal Beloit Corporation by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 3,570 shares of the industrial products company’s stock valued at $291,000 after acquiring an additional 39 shares in the last quarter. Synovus Financial Corp lifted its position in shares of Regal Beloit Corporation by 4.4% in the second quarter. Synovus Financial Corp now owns 2,607 shares of the industrial products company’s stock valued at $209,000 after acquiring an additional 110 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Regal Beloit Corporation by 1.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,704 shares of the industrial products company’s stock valued at $710,000 after acquiring an additional 139 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Regal Beloit Corporation by 1.6% in the second quarter. Ameritas Investment Partners Inc. now owns 13,409 shares of the industrial products company’s stock valued at $1,094,000 after purchasing an additional 206 shares during the last quarter. 92.24% of the stock is currently owned by institutional investors.

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

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