Regal Beloit Corp to Post FY2017 Earnings of $4.90 Per Share, Barrington Research Forecasts (RBC)

Regal Beloit Corp (NYSE:RBC) – Barrington Research increased their FY2017 earnings per share (EPS) estimates for Regal Beloit Corp in a research note issued to investors on Tuesday. Barrington Research analyst R. Hokanson now expects that the industrial products company will earn $4.90 per share for the year, up from their prior estimate of $4.79. Barrington Research also issued estimates for Regal Beloit Corp’s FY2018 earnings at $5.42 EPS.

Regal Beloit Corp (NYSE:RBC) last announced its quarterly earnings results on Monday, May 8th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.12. Regal Beloit Corp had a net margin of 6.31% and a return on equity of 9.67%. The firm had revenue of $813.50 million during the quarter, compared to the consensus estimate of $807.40 million. During the same period last year, the firm posted $0.95 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis.

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

A number of other research analysts have also recently commented on RBC. Zacks Investment Research cut shares of Regal Beloit Corp from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. Stifel Nicolaus increased their target price on shares of Regal Beloit Corp from $76.00 to $78.00 and gave the stock a “hold” rating in a report on Thursday, February 9th. Jefferies Group LLC reissued a “hold” rating and issued a $73.00 target price on shares of Regal Beloit Corp in a report on Tuesday, April 18th. Oppenheimer Holdings Inc. raised shares of Regal Beloit Corp from a “market perform” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Friday, May 5th. Finally, CIBC raised shares of Regal Beloit Corp from a “market perform” rating to an “outperform” rating in a report on Friday, May 5th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $71.67.

Regal Beloit Corp (NYSE:RBC) opened at 79.50 on Wednesday. The company’s 50-day moving average is $76.52 and its 200 day moving average is $72.32. Regal Beloit Corp has a one year low of $51.57 and a one year high of $83.65. The company has a market capitalization of $3.56 billion, a P/E ratio of 17.59 and a beta of 1.58.

Hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in Regal Beloit Corp by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,380 shares of the industrial products company’s stock worth $165,000 after buying an additional 11 shares in the last quarter. US Bancorp DE increased its stake in Regal Beloit Corp by 2.6% in the first quarter. US Bancorp DE now owns 6,403 shares of the industrial products company’s stock worth $484,000 after buying an additional 160 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Regal Beloit Corp by 4.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,240 shares of the industrial products company’s stock worth $321,000 after buying an additional 192 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Regal Beloit Corp by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the industrial products company’s stock worth $855,000 after buying an additional 200 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Regal Beloit Corp by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,671 shares of the industrial products company’s stock worth $1,186,000 after buying an additional 200 shares in the last quarter. 88.60% of the stock is owned by institutional investors and hedge funds.

In other Regal Beloit Corp news, Director Henry W. Knueppel sold 25,000 shares of the stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $75.05, for a total transaction of $1,876,250.00. Following the completion of the sale, the director now owns 2,777 shares of the company’s stock, valued at approximately $208,413.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, June 28th. This is an increase from Regal Beloit Corp’s previous quarterly dividend of $0.24. Regal Beloit Corp’s dividend payout ratio is currently 21.24%.

Regal Beloit Corp 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.

5 Day Chart for NYSE:RBC

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