Regal Beloit (NYSE:RBC) – Equities research analysts at KeyCorp boosted their Q1 2018 earnings estimates for shares of Regal Beloit in a report issued on Tuesday, April 3rd. KeyCorp analyst J. Hammond now anticipates that the industrial products company will earn $1.29 per share for the quarter, up from their previous estimate of $1.27. KeyCorp also issued estimates for Regal Beloit’s Q2 2018 earnings at $1.51 EPS, Q3 2018 earnings at $1.53 EPS, Q4 2018 earnings at $1.28 EPS and FY2018 earnings at $5.62 EPS.
Regal Beloit (NYSE:RBC) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.01. The business had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $794.65 million. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 EPS.
RBC stock opened at $71.60 on Thursday. The company has a market capitalization of $3,206.47, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.38. Regal Beloit has a 12-month low of $67.84 and a 12-month high of $87.50. The company has a current ratio of 2.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.45%. Regal Beloit’s payout ratio is 21.36%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBC. Schwab Charles Investment Management Inc. increased its stake in shares of Regal Beloit by 6.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 297,993 shares of the industrial products company’s stock worth $22,827,000 after purchasing an additional 18,088 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Regal Beloit by 1.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 500,585 shares of the industrial products company’s stock worth $38,345,000 after purchasing an additional 9,056 shares in the last quarter. Meadow Creek Investment Management LLC increased its stake in shares of Regal Beloit by 33.6% in the 4th quarter. Meadow Creek Investment Management LLC now owns 36,036 shares of the industrial products company’s stock worth $2,761,000 after purchasing an additional 9,072 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Regal Beloit by 6.0% in the 4th quarter. First Trust Advisors LP now owns 399,027 shares of the industrial products company’s stock worth $30,565,000 after purchasing an additional 22,612 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of Regal Beloit by 12.5% in the 4th quarter. Aperio Group LLC now owns 16,832 shares of the industrial products company’s stock worth $1,289,000 after purchasing an additional 1,867 shares in the last quarter. 96.70% of the stock is currently owned by hedge funds and other institutional investors.
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Regal Beloit Company Profile
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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