Regal Beloit Corp (NYSE:RBC) – KeyCorp cut their Q4 2018 earnings per share estimates for shares of Regal Beloit in a report issued on Monday, November 5th. KeyCorp analyst J. Hammond now anticipates that the industrial products company will post earnings per share of $1.30 for the quarter, down from their previous forecast of $1.40.

Regal Beloit (NYSE:RBC) last released its earnings results on Monday, November 5th. The industrial products company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.06. The business had revenue of $925.40 million during the quarter, compared to the consensus estimate of $924.18 million. Regal Beloit had a net margin of 6.34% and a return on equity of 10.73%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS.

RBC has been the topic of a number of other reports. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Wednesday, October 3rd. Goldman Sachs Group assumed coverage on Regal Beloit in a report on Wednesday, October 3rd. They set a “buy” rating and a $95.00 price target on the stock. BMO Capital Markets increased their price target on Regal Beloit from $89.00 to $92.00 and gave the stock a “market perform” rating in a report on Wednesday, August 8th. Finally, Royal Bank of Canada restated a “buy” rating and set a $90.00 price target (down from $95.00) on shares of Regal Beloit in a report on Monday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $89.13.

NYSE:RBC opened at $77.66 on Thursday. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 1.29 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.61 and a quick ratio of 1.22. Regal Beloit has a fifty-two week low of $67.84 and a fifty-two week high of $86.75.

Institutional investors and hedge funds have recently modified their holdings of the stock. First Hawaiian Bank bought a new position in shares of Regal Beloit in the 3rd quarter worth $169,000. World Asset Management Inc bought a new position in shares of Regal Beloit in the 2nd quarter worth $205,000. Ifrah Financial Services Inc. bought a new position in shares of Regal Beloit in the 3rd quarter worth $207,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Regal Beloit in the 2nd quarter worth $216,000. Finally, WBI Investments Inc. bought a new position in shares of Regal Beloit in the 3rd quarter worth $298,000. Institutional investors own 93.24% of the company’s stock.

In related news, Director Christopher L. Doerr sold 6,085 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $81.43, for a total value of $495,501.55. Following the transaction, the director now directly owns 17,900 shares in the company, valued at approximately $1,457,597. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 28th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Thursday, December 27th. Regal Beloit’s dividend payout ratio is currently 23.00%.

About Regal Beloit

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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