Brokerages forecast that Regal Beloit Corp (NYSE:RBC) will report earnings of $1.14 per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Regal Beloit’s earnings. The lowest EPS estimate is $1.12 and the highest is $1.17. Regal Beloit reported earnings of $1.04 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, February 5th.

On average, analysts expect that Regal Beloit will report full-year earnings of $4.87 per share for the current fiscal year, with EPS estimates ranging from $4.85 to $4.90. For the next year, analysts forecast that the business will report earnings of $5.37 per share, with EPS estimates ranging from $5.28 to $5.48. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Regal Beloit.

Regal Beloit (NYSE:RBC) last released its quarterly earnings results on Monday, November 6th. The industrial products company reported $1.37 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.01). The business had revenue of $857.00 million for the quarter, compared to analyst estimates of $837.19 million. Regal Beloit had a return on equity of 9.76% and a net margin of 6.28%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.31 EPS.

RBC has been the subject of a number of research reports. Morgan Stanley increased their price objective on Regal Beloit from $82.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. Robert W. Baird reiterated a “buy” rating and set a $88.00 price objective on shares of Regal Beloit in a report on Wednesday, October 4th. Royal Bank of Canada reiterated a “buy” rating on shares of Regal Beloit in a report on Monday, November 6th. BMO Capital Markets decreased their price objective on Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, November 7th. Finally, ValuEngine downgraded Regal Beloit from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $86.56.

Regal Beloit (NYSE RBC) traded up $1.40 during trading hours on Friday, hitting $79.40. The company had a trading volume of 398,963 shares, compared to its average volume of 281,862. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.22 and a current ratio of 2.22. The company has a market capitalization of $3,520.00, a P/E ratio of 17.26, a PEG ratio of 1.33 and a beta of 1.48. Regal Beloit has a fifty-two week low of $70.25 and a fifty-two week high of $87.50.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a $0.26 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. Regal Beloit’s dividend payout ratio is 22.61%.

A number of hedge funds have recently bought and sold shares of RBC. Wells Fargo & Company MN grew its stake in Regal Beloit by 2.5% in the second quarter. Wells Fargo & Company MN now owns 59,465 shares of the industrial products company’s stock valued at $4,850,000 after purchasing an additional 1,468 shares in the last quarter. Teachers Advisors LLC grew its stake in Regal Beloit by 44.6% in the second quarter. Teachers Advisors LLC now owns 77,445 shares of the industrial products company’s stock valued at $6,316,000 after purchasing an additional 23,880 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Regal Beloit by 11.1% in the second quarter. TIAA CREF Investment Management LLC now owns 163,990 shares of the industrial products company’s stock valued at $13,373,000 after purchasing an additional 16,447 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Regal Beloit by 41.4% in the second quarter. Ameriprise Financial Inc. now owns 254,232 shares of the industrial products company’s stock valued at $20,715,000 after purchasing an additional 74,425 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Regal Beloit by 1.2% in the second quarter. BlackRock Inc. now owns 4,089,676 shares of the industrial products company’s stock valued at $333,515,000 after purchasing an additional 47,514 shares in the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

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About Regal Beloit

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.

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