Equities research analysts expect Regal Beloit Corp (NYSE:RBC) to report earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Regal Beloit’s earnings, with estimates ranging from $0.30 to $0.65. Regal Beloit posted earnings per share of $1.52 during the same quarter last year, which would suggest a negative year-over-year growth rate of 65.1%. The business is expected to announce its next quarterly earnings results on Monday, August 3rd.

According to Zacks, analysts expect that Regal Beloit will report full-year earnings of $3.69 per share for the current financial year, with EPS estimates ranging from $3.15 to $4.10. For the next year, analysts expect that the business will report earnings of $5.38 per share, with EPS estimates ranging from $5.00 to $5.70. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Regal Beloit.

Regal Beloit (NYSE:RBC) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.22. Regal Beloit had a net margin of 6.38% and a return on equity of 9.49%. The business had revenue of $734.20 million during the quarter, compared to analyst estimates of $746.41 million. During the same period last year, the firm posted $1.40 EPS. The company’s revenue was down 14.0% on a year-over-year basis.

A number of research analysts have recently commented on the company. Robert W. Baird increased their target price on Regal Beloit from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Wells Fargo & Co lowered their target price on Regal Beloit from $85.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday, March 16th. Oppenheimer upgraded Regal Beloit from a “market perform” rating to an “outperform” rating and set a $83.00 price target for the company in a research report on Sunday, May 17th. Royal Bank of Canada restated a “hold” rating on shares of Regal Beloit in a research report on Tuesday, March 3rd. Finally, Stephens raised their price target on Regal Beloit from $88.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Regal Beloit presently has an average rating of “Hold” and a consensus target price of $81.29.

Shares of NYSE RBC traded down $0.50 during midday trading on Monday, reaching $76.64. 83,958 shares of the stock traded hands, compared to its average volume of 229,818. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.16 and a quick ratio of 2.03. The stock has a market capitalization of $3.13 billion, a PE ratio of 14.21, a P/E/G ratio of 2.09 and a beta of 1.39. Regal Beloit has a one year low of $51.99 and a one year high of $90.18. The company’s 50 day moving average is $68.40 and its 200 day moving average is $77.57.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, June 25th. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. Regal Beloit’s dividend payout ratio (DPR) is 21.86%.

Several large investors have recently added to or reduced their stakes in the company. M&T Bank Corp bought a new stake in shares of Regal Beloit during the first quarter worth $18,885,000. US Bancorp DE increased its stake in shares of Regal Beloit by 7.8% during the fourth quarter. US Bancorp DE now owns 4,393 shares of the industrial products company’s stock valued at $376,000 after buying an additional 316 shares during the period. ProShare Advisors LLC increased its stake in shares of Regal Beloit by 9.6% during the fourth quarter. ProShare Advisors LLC now owns 3,664 shares of the industrial products company’s stock valued at $314,000 after buying an additional 320 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Regal Beloit by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 20,970 shares of the industrial products company’s stock valued at $1,319,000 after buying an additional 337 shares during the period. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in shares of Regal Beloit during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 91.41% 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 three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.

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