Regal Beloit Corporation Company Profile (NYSE:RBC)

Regal Beloit Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBC."

Regal Beloit Corporation announced a quarterly dividend on Wednesday, July 26th. Investors of record on Friday, September 29th will be given a dividend of $0.26 per share on Friday, October 13th. This represents a $1.04 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, September 28th. View Regal Beloit Corporation's Dividend History.

Regal Beloit Corporation (NYSE:RBC) issued its quarterly earnings data on Monday, August, 7th. The company reported $1.29 EPS for the quarter, beating the Zacks' consensus estimate of $1.28 by $0.01. The company earned $869.20 million during the quarter, compared to the consensus estimate of $854.66 million. Regal Beloit Corporation had a net margin of 6.29% and a return on equity of 9.88%. The company's revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 earnings per share. View Regal Beloit Corporation's Earnings History.

Regal Beloit Corporation is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Regal Beloit Corporation.

Regal Beloit Corporation issued an update on its FY17 earnings guidance on Monday, August, 7th. The company provided EPS guidance of $4.70-$5.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.86.

9 brokerages have issued 12 month target prices for Regal Beloit Corporation's stock. Their predictions range from $64.00 to $90.00. On average, they anticipate Regal Beloit Corporation's stock price to reach $81.40 in the next twelve months. View Analyst Ratings for Regal Beloit Corporation.

Here are some recent quotes from research analysts about Regal Beloit Corporation stock:

• 1. According to Zacks Investment Research, "Regal Beloit reported relatively healthy second-quarter 2017 results with year-over year increase in adjusted earnings and revenues on the back of modest organic growth and positive order trends. The company continues to focus on prudent investment decisions for a disciplined capital allocation, strong and flexible balance sheet and cash flow enhancement to support dividend growth. A robust operating platform and an efficient management team will likely help in the execution of its strategic priorities and drive net asset value in the future. Regal Beloit has outperformed the industry year to date. However, margin pressures, high concentration risks and adverse foreign currency translation remain headwinds for the company. With the rise in competition within the industry, Regal Beloit is witnessing a decline in its product prices, which in turn is detrimental to its overall margins. High R&D costs also remain a bottleneck for the company." (8/10/2017)
• 2. Credit Suisse Group analysts commented, "We hosted investor meetings with CEO Mark Gliebe, and Vice President Rob Rehard, in Boston earlier this week. The company seems to be making good progress in its efforts to drive Simplification, and the end-demand backdrop remains broadly favorable. Management should be in a position to start to deploy the balance sheet towards M&A again in 2018, but the broader focus of the company is shifting towards organic sales growth (and the headwind from HVAC OEM dual-sourcing has largely run its course), as opposed to its ‘serial acquirer’ status of the past. If the organic growth initiatives can bear fruit, the combination of this with margin expansion from Simplification, should be sufficient to push EPS over $6 (up from a range of $4-5 over 2010-2017E), and increase RBC’s valuation from its still heavily discounted level." (6/29/2017)
• 3. Stifel Nicolaus analysts commented, "Inline-ish quarter, with positive commentary on LSD organic growth in '17 with some margin expansion. This will be a short cycle beneficiary, but we remain concerned about the competitive positioning of the motors portfolio longer term, and border adjusted tax implications could be a two-edge sword with respect to pricing and competitiveness. We reiterate Hold, target price to $78, or 15X 2018 EPS of $5.20." (2/9/2017)

Some companies that are related to Regal Beloit Corporation include Hubbell (HUBB), Spectrum Brands Holdings (SPB), Halma plc (HLMA), Itron (ITRI), Spectris plc (SXS), Anixter International (AXE), Orbotech (ORBK), AZZ (AZZ), Hollysys Automation Technologies (HOLI), Chase (CCF), General Cable Corporation (BGC), MTS Systems Corporation (MTSC), GrafTech International Ltd (GTI), FARO Technologies (FARO), Kimball Electronics (KE), Oxford Instruments plc (OXIG), XP Power (XPP) and NL Industries (NL).

Regal Beloit Corporation's management team includes the folowing people:

• Mark J. Gliebe, Chairman of the Board, Chief Executive Officer
• Charles A. Hinrichs, Chief Financial Officer, Vice President
• Jonathan J. Schlemmer, Chief Operating Officer
• Robert Lazzerini, Principal Accounting Officer, Vice President, Corporate Controller
• John M Avampato, Vice President, Chief Information Officer
• Thomas E. Valentyn, Vice President, General Counsel, Secretary
• Terry R. Colvin, Vice President - Corporate Human Resources
• Robert Rehard, Vice President - Financial Planning & Analysis
• Henry W. Knueppel, Director
• Stephen M. Burt, Independent Director

Regal Beloit Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include FMR LLC (14.49%), BlackRock Inc. (9.13%), Vanguard Group Inc. (9.03%), Dimensional Fund Advisors LP (5.55%), JPMorgan Chase & Co. (3.79%) and Alliancebernstein L.P. (3.13%). Company insiders that own Regal Beloit Corporation stock include Curtis W Stoelting, Henry W Knueppel, John Avampato and Terry R Colvin. View Institutional Ownership Trends for Regal Beloit Corporation.

Regal Beloit Corporation's stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., FMR LLC, The Manufacturers Life Insurance Company , Gotham Asset Management LLC, Schwab Charles Investment Management Inc., Cambiar Investors LLC, Lazard Asset Management LLC and Numeric Investors LLC. Company insiders that have sold Regal Beloit Corporation stock in the last year include Henry W Knueppel and John Avampato. View Insider Buying and Selling for Regal Beloit Corporation.

Regal Beloit Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Kennedy Capital Management Inc., Northern Trust Corp, Ameriprise Financial Inc., First Trust Advisors LP, Vanguard Group Inc., Royal Bank of Canada, Fisher Asset Management LLC and BlackRock Inc.. View Insider Buying and Selling for Regal Beloit Corporation.

Shares of Regal Beloit Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Regal Beloit Corporation stock can currently be purchased for approximately $78.75.