Regal Rexnord (NYSE:RRX) Releases Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Regal Rexnord (NYSE:RRX - Get Free Report) announced its quarterly earnings data on Monday. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.82 by $0.33, Zacks reports. Regal Rexnord had a net margin of 3.25% and a return on equity of 9.57%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm posted $2.00 EPS. The company's quarterly revenue was down 8.4% on a year-over-year basis. Regal Rexnord updated its FY 2025 guidance to 9.600-10.400 EPS.

Regal Rexnord Stock Up 1.9 %

NYSE:RRX traded up $2.40 during trading hours on Thursday, reaching $132.30. The company's stock had a trading volume of 1,089,300 shares, compared to its average volume of 552,923. The stock has a 50 day moving average price of $111.43 and a two-hundred day moving average price of $143.06. Regal Rexnord has a 12 month low of $90.56 and a 12 month high of $185.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 2.26. The company has a market capitalization of $8.77 billion, a P/E ratio of 44.85, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11.

Regal Rexnord Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, June 30th. Regal Rexnord's dividend payout ratio is currently 47.46%.

Analysts Set New Price Targets

RRX has been the topic of several analyst reports. Oppenheimer cut their target price on Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. StockNews.com downgraded shares of Regal Rexnord from a "buy" rating to a "hold" rating in a report on Wednesday, April 16th. The Goldman Sachs Group cut their price target on shares of Regal Rexnord from $183.00 to $163.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Robert W. Baird boosted their price objective on Regal Rexnord from $167.00 to $172.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Barclays lowered their price target on shares of Regal Rexnord from $160.00 to $155.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $170.63.

Regal Rexnord Company Profile

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.