The FY2016 EPS Estimates for Regal Beloit Corp. (RBC) Increased by Analyst

The FY2016 EPS Estimates for Regal Beloit Corp. (RBC) Increased by Analyst

Regal Beloit Corp. (NYSE:RBC) – Equities researchers at KeyCorp increased their FY2016 earnings estimates for Regal Beloit Corp. in a research report issued on Wednesday. KeyCorp analyst J. Hammond now expects that the firm will earn $4.43 per share for the year, up from their previous estimate of $4.40.

A number of other equities analysts also recently issued reports on RBC. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Regal Beloit Corp. in a research report on Saturday, July 9th. Jefferies Group reissued a “hold” rating on shares of Regal Beloit Corp. in a research report on Friday, July 1st. Zacks Investment Research raised Regal Beloit Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 19th. TheStreet downgraded Regal Beloit Corp. from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Finally, BMO Capital Markets downgraded Regal Beloit Corp. from an “outperform” rating to a “market perform” rating and cut their target price for the company from $76.00 to $66.00 in a research report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $63.50.

Regal Beloit Corp. (NYSE:RBC) opened at 61.11 on Monday. The stock has a 50 day moving average price of $60.20 and a 200-day moving average price of $60.26. The stock has a market cap of $2.73 billion, a PE ratio of 19.28 and a beta of 1.57. Regal Beloit Corp. has a 1-year low of $47.77 and a 1-year high of $68.45.

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Regal Beloit Corp. (NYSE:RBC) last released its earnings results on Monday, August 8th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.24 by $0.10. The firm earned $838.60 million during the quarter, compared to analysts’ expectations of $857.88 million. Regal Beloit Corp. had a net margin of 4.30% and a return on equity of 10.35%. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.53 EPS.

Several large investors have recently bought and sold shares of the company. Hsbc Holdings PLC raised its stake in Regal Beloit Corp. by 0.7% in the second quarter. Hsbc Holdings PLC now owns 10,304 shares of the company’s stock valued at $568,000 after buying an additional 71 shares during the last quarter. State Treasurer State of Michigan raised its stake in Regal Beloit Corp. by 0.6% in the second quarter. State Treasurer State of Michigan now owns 17,900 shares of the company’s stock valued at $985,000 after buying an additional 100 shares during the last quarter. Utah Retirement Systems raised its stake in Regal Beloit Corp. by 1.3% in the second quarter. Utah Retirement Systems now owns 8,095 shares of the company’s stock valued at $446,000 after buying an additional 100 shares during the last quarter. Genesee Valley Trust Co. raised its stake in Regal Beloit Corp. by 3.0% in the second quarter. Genesee Valley Trust Co. now owns 3,733 shares of the company’s stock valued at $206,000 after buying an additional 107 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Regal Beloit Corp. by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,538 shares of the company’s stock valued at $471,000 after buying an additional 113 shares during the last quarter. 95.95% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Terry R. Colvin sold 1,615 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $62.47, for a total transaction of $100,889.05. Following the sale, the vice president now directly owns 21,146 shares of the company’s stock, valued at approximately $1,320,990.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, September 28th. Regal Beloit Corp.’s payout ratio is currently 30.28%.

Regal Beloit Corp. Company Profile

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