Equities research analysts forecast that Regal Beloit Corp (NYSE:RBC) will report $741.93 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Regal Beloit’s earnings, with the lowest sales estimate coming in at $724.70 million and the highest estimate coming in at $763.22 million. Regal Beloit posted sales of $881.70 million in the same quarter last year, which would indicate a negative year over year growth rate of 15.9%. The company is expected to announce its next quarterly earnings results on Monday, February 3rd.
According to Zacks, analysts expect that Regal Beloit will report full-year sales of $3.24 billion for the current fiscal year, with estimates ranging from $3.22 billion to $3.26 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.19 billion, with estimates ranging from $3.10 billion to $3.23 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Regal Beloit.
Regal Beloit (NYSE:RBC) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.02. Regal Beloit had a net margin of 7.62% and a return on equity of 10.14%. The business had revenue of $772.30 million for the quarter, compared to analysts’ expectations of $808.49 million. During the same quarter in the previous year, the business posted $1.67 earnings per share. The business’s revenue was down 16.5% compared to the same quarter last year.
In other Regal Beloit news, VP John Avampato sold 5,380 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.96, for a total transaction of $446,324.80. Following the transaction, the vice president now owns 10,234 shares of the company’s stock, valued at approximately $849,012.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jonathan J. Schlemmer sold 4,480 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $82.74, for a total value of $370,675.20. Following the transaction, the chief operating officer now directly owns 78,963 shares in the company, valued at approximately $6,533,398.62. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Pearl River Capital LLC lifted its holdings in Regal Beloit by 311.6% during the 2nd quarter. Pearl River Capital LLC now owns 354 shares of the industrial products company’s stock worth $29,000 after buying an additional 268 shares in the last quarter. North Star Investment Management Corp. acquired a new position in Regal Beloit during the 3rd quarter worth $35,000. Point72 Hong Kong Ltd lifted its holdings in Regal Beloit by 156.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,688 shares of the industrial products company’s stock worth $138,000 after buying an additional 1,029 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Regal Beloit by 10.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,697 shares of the industrial products company’s stock worth $196,000 after buying an additional 261 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its holdings in Regal Beloit by 20.2% during the 3rd quarter. Dupont Capital Management Corp now owns 3,984 shares of the industrial products company’s stock worth $290,000 after buying an additional 670 shares in the last quarter. 92.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE RBC traded down $1.48 during trading hours on Wednesday, hitting $83.16. 158,463 shares of the company’s stock were exchanged, compared to its average volume of 166,358. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.51 and a beta of 1.61. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.83 and a quick ratio of 1.60. Regal Beloit has a 1-year low of $66.04 and a 1-year high of $87.31. The company’s 50-day moving average price is $80.92 and its 200-day moving average price is $76.88.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, December 26th. Regal Beloit’s payout ratio is currently 20.00%.
Regal Beloit Company Profile
Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and transmission products worldwide. It operates through three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.
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