Brokerages forecast that Regal Beloit Corp (NYSE:RBC) will report sales of $844.78 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Regal Beloit’s earnings. The lowest sales estimate is $811.79 million and the highest is $917.60 million. Regal Beloit posted sales of $925.40 million during the same quarter last year, which would indicate a negative year over year growth rate of 8.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Regal Beloit will report full year sales of $3.39 billion for the current fiscal year, with estimates ranging from $3.33 billion to $3.56 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.44 billion, with estimates ranging from $3.31 billion to $3.68 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Regal Beloit.

Regal Beloit (NYSE:RBC) last announced its quarterly earnings results on Monday, August 5th. The industrial products company reported $1.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.11). Regal Beloit had a return on equity of 10.81% and a net margin of 7.34%. The business had revenue of $873.70 million for the quarter, compared to analyst estimates of $903.84 million. During the same quarter last year, the company earned $1.60 EPS. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year.

Several research analysts have recently commented on the stock. BMO Capital Markets dropped their price target on shares of Regal Beloit from $95.00 to $93.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 8th. Royal Bank of Canada restated a “hold” rating on shares of Regal Beloit in a research note on Tuesday, May 7th. Goldman Sachs Group set a $80.00 price target on shares of Regal Beloit and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research upgraded shares of Regal Beloit from a “sell” rating to a “hold” rating and set a $81.00 price target on the stock in a research note on Monday, August 5th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Regal Beloit has an average rating of “Hold” and a consensus target price of $85.80.

A number of large investors have recently bought and sold shares of the stock. Keeley Teton Advisors LLC grew its stake in Regal Beloit by 0.6% in the 1st quarter. Keeley Teton Advisors LLC now owns 19,875 shares of the industrial products company’s stock valued at $1,627,000 after buying an additional 120 shares during the last quarter. Synovus Financial Corp grew its stake in Regal Beloit by 2.9% in the 1st quarter. Synovus Financial Corp now owns 5,215 shares of the industrial products company’s stock valued at $431,000 after buying an additional 149 shares during the last quarter. Mason Street Advisors LLC grew its stake in Regal Beloit by 0.7% in the 1st quarter. Mason Street Advisors LLC now owns 22,753 shares of the industrial products company’s stock valued at $1,863,000 after buying an additional 155 shares during the last quarter. Twin Capital Management Inc. grew its stake in Regal Beloit by 0.3% in the 1st quarter. Twin Capital Management Inc. now owns 54,720 shares of the industrial products company’s stock valued at $4,480,000 after buying an additional 180 shares during the last quarter. Finally, Menta Capital LLC grew its stake in Regal Beloit by 2.2% in the 1st quarter. Menta Capital LLC now owns 9,100 shares of the industrial products company’s stock valued at $745,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Shares of RBC traded down $0.41 during mid-day trading on Monday, hitting $70.43. 2,233 shares of the company’s stock were exchanged, compared to its average volume of 320,601. The firm has a fifty day moving average of $77.55 and a two-hundred day moving average of $80.16. Regal Beloit has a twelve month low of $66.04 and a twelve month high of $87.31. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 1.26 and a beta of 1.58. The company has a quick ratio of 1.61, a current ratio of 2.79 and a debt-to-equity ratio of 0.53.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. Regal Beloit’s payout ratio is presently 20.00%.

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

Recommended Story: What is included in the gross domestic product?

Get a free copy of the Zacks research report on Regal Beloit (RBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Regal Beloit (NYSE:RBC)

Receive News & Ratings for Regal Beloit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Beloit and related companies with MarketBeat.com's FREE daily email newsletter.