Regal Beloit Corp (NYSE:RBC) – Equities researchers at Seaport Global Securities reduced their Q3 2019 EPS estimates for shares of Regal Beloit in a research note issued on Tuesday, August 6th. Seaport Global Securities analyst W. Liptak now forecasts that the industrial products company will earn $1.46 per share for the quarter, down from their prior forecast of $1.67. Seaport Global Securities also issued estimates for Regal Beloit’s Q4 2019 earnings at $1.34 EPS, FY2019 earnings at $5.75 EPS, Q1 2020 earnings at $1.51 EPS, Q2 2020 earnings at $1.64 EPS, Q3 2020 earnings at $1.72 EPS, Q4 2020 earnings at $1.58 EPS and FY2020 earnings at $6.45 EPS.
Regal Beloit (NYSE:RBC) last posted its quarterly earnings data on Monday, August 5th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.11). Regal Beloit had a return on equity of 10.81% and a net margin of 7.34%. The firm had revenue of $873.70 million during the quarter, compared to analysts’ expectations of $903.84 million. During the same quarter in the previous year, the company posted $1.60 earnings per share. Regal Beloit’s revenue for the quarter was down 9.0% compared to the same quarter last year.
RBC opened at $73.43 on Thursday. The business has a 50-day moving average price of $79.87. Regal Beloit has a 12-month low of $66.04 and a 12-month high of $87.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.79 and a quick ratio of 1.53. The stock has a market cap of $3.12 billion, a PE ratio of 12.24, a P/E/G ratio of 1.29 and a beta of 1.58.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, September 26th. Regal Beloit’s payout ratio is currently 20.00%.
A number of hedge funds have recently modified their holdings of RBC. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Regal Beloit during the 2nd quarter valued at about $34,000. North Star Investment Management Corp. purchased a new stake in Regal Beloit during the 1st quarter valued at about $39,000. Quadrant Capital Group LLC boosted its holdings in Regal Beloit by 159.6% during the 1st quarter. Quadrant Capital Group LLC now owns 1,137 shares of the industrial products company’s stock valued at $90,000 after acquiring an additional 699 shares during the period. TD Asset Management Inc. purchased a new stake in Regal Beloit during the 1st quarter valued at about $216,000. Finally, World Asset Management Inc purchased a new stake in Regal Beloit during the 1st quarter valued at about $228,000. Institutional investors own 91.31% of the company’s stock.
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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