$764.58 Million in Sales Expected for Regal Beloit Co. (NYSE:RBC) This Quarter

Wall Street analysts predict that Regal Beloit Co. (NYSE:RBC) will report $764.58 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Regal Beloit’s earnings, with the highest sales estimate coming in at $774.14 million and the lowest estimate coming in at $746.00 million. Regal Beloit posted sales of $734.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.1%. The business is expected to announce its next quarterly earnings results on Monday, May 3rd.

On average, analysts expect that Regal Beloit will report full-year sales of $3.05 billion for the current fiscal year, with estimates ranging from $3.01 billion to $3.10 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.20 billion, with estimates ranging from $3.12 billion to $3.28 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Regal Beloit.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings data on Monday, February 15th. The industrial products company reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.19. Regal Beloit had a net margin of 6.13% and a return on equity of 9.03%.

Several research firms have recently issued reports on RBC. Wells Fargo & Company raised their price target on shares of Regal Beloit from $110.00 to $145.00 in a research note on Wednesday, February 17th. KeyCorp raised shares of Regal Beloit from a “sector weight” rating to an “overweight” rating and set a $155.00 price target for the company in a research note on Wednesday, February 17th. Wolfe Research raised shares of Regal Beloit from a “peer perform” rating to an “outperform” rating and raised their price target for the company from $125.00 to $145.00 in a research note on Tuesday, December 8th. Robert W. Baird raised their price target on shares of Regal Beloit from $160.00 to $167.00 in a research note on Wednesday, February 17th. Finally, Barclays increased their price objective on shares of Regal Beloit from $125.00 to $150.00 in a research report on Monday, November 30th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Regal Beloit has an average rating of “Buy” and an average target price of $142.29.

Shares of RBC stock traded up $1.20 during trading hours on Thursday, hitting $138.70. 11,562 shares of the company’s stock traded hands, compared to its average volume of 312,547. The stock’s 50 day simple moving average is $132.10 and its 200 day simple moving average is $112.50. The stock has a market cap of $5.63 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38. Regal Beloit has a 12 month low of $51.99 and a 12 month high of $146.97. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 0.34.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 16th. Stockholders of record on Thursday, April 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, March 31st. Regal Beloit’s dividend payout ratio (DPR) is presently 21.86%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Citizens Bank & Trust Co. grew its holdings in Regal Beloit by 3.1% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,856 shares of the industrial products company’s stock worth $351,000 after purchasing an additional 87 shares during the period. US Bancorp DE grew its holdings in Regal Beloit by 3.8% in the fourth quarter. US Bancorp DE now owns 3,001 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 109 shares during the period. Symmetry Partners LLC grew its holdings in Regal Beloit by 3.6% in the fourth quarter. Symmetry Partners LLC now owns 4,667 shares of the industrial products company’s stock worth $573,000 after purchasing an additional 162 shares during the period. JJJ Advisors Inc. grew its holdings in Regal Beloit by 200.0% in the fourth quarter. JJJ Advisors Inc. now owns 303 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 202 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Regal Beloit in the fourth quarter worth $26,000. Institutional investors own 93.08% of the company’s stock.

About Regal Beloit

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 four segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions.

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