Zacks: Brokerages Anticipate Regal Beloit (RBC) Will Announce Quarterly Sales of $867.19 Million

Equities research analysts forecast that Regal Beloit (NYSE:RBC) will announce sales of $867.19 million for the current quarter, according to Zacks. Seven analysts have provided estimates for Regal Beloit’s earnings, with the highest sales estimate coming in at $881.20 million and the lowest estimate coming in at $855.00 million. Regal Beloit posted sales of $813.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.6%. The company is expected to issue its next earnings report after the market closes on Monday, May 7th.

On average, analysts expect that Regal Beloit will report full-year sales of $3.51 billion for the current fiscal year, with estimates ranging from $3.47 billion to $3.53 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.62 billion per share, with estimates ranging from $3.56 billion to $3.69 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Regal Beloit.

Regal Beloit (NYSE:RBC) last released its earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $820.70 million during the quarter, compared to analyst estimates of $794.65 million. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis.

Several equities analysts have recently issued reports on the stock. Seaport Global Securities upgraded shares of Regal Beloit from a “neutral” rating to a “buy” rating and lifted their target price for the company from $82.00 to $88.00 in a report on Wednesday, February 7th. Zacks Investment Research lowered shares of Regal Beloit from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Barclays began coverage on shares of Regal Beloit in a research report on Thursday, February 15th. They set an “equal weight” rating and a $80.00 price target for the company. ValuEngine downgraded shares of Regal Beloit from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Barrington Research reissued an “outperform” rating and set a $87.00 price target on shares of Regal Beloit in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $86.08.

Several institutional investors and hedge funds have recently made changes to their positions in RBC. Xact Kapitalforvaltning AB bought a new stake in Regal Beloit in the 4th quarter worth approximately $354,000. Banco de Sabadell S.A bought a new stake in Regal Beloit in the 4th quarter worth approximately $1,140,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Regal Beloit in the 4th quarter worth approximately $850,000. MetLife Investment Advisors LLC bought a new stake in Regal Beloit in the 4th quarter worth approximately $2,147,000. Finally, Vident Investment Advisory LLC grew its position in Regal Beloit by 6.5% in the 4th quarter. Vident Investment Advisory LLC now owns 32,306 shares of the industrial products company’s stock worth $2,475,000 after purchasing an additional 1,969 shares during the period. 96.70% of the stock is owned by institutional investors.

Shares of RBC stock traded up $0.15 during trading hours on Monday, hitting $75.30. 464,178 shares of the company’s stock traded hands, compared to its average volume of 296,273. Regal Beloit has a 12-month low of $67.84 and a 12-month high of $87.50. The firm has a market capitalization of $3,330.56, a price-to-earnings ratio of 15.46, a PEG ratio of 1.23 and a beta of 1.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.21.

The company also recently declared a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 29th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Wednesday, March 28th. Regal Beloit’s dividend payout ratio (DPR) is currently 21.36%.

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Regal Beloit Company Profile

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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