Regal Beloit (NYSE:RBC) released its quarterly earnings results on Sunday. The industrial products company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.30, MarketWatch Earnings reports. Regal Beloit had a return on equity of 9.03% and a net margin of 6.13%. The company had revenue of $814.10 million for the quarter, compared to analysts’ expectations of $782.03 million. During the same period in the prior year, the firm earned $1.31 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year.
NYSE:RBC traded up $0.03 during trading hours on Tuesday, hitting $144.77. The company’s stock had a trading volume of 413,820 shares, compared to its average volume of 318,968. The stock has a market capitalization of $5.88 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38. The stock has a fifty day moving average of $146.57 and a 200-day moving average of $129.06. The company has a current ratio of 2.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34. Regal Beloit has a 52-week low of $63.44 and a 52-week high of $159.64.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 16th. Investors of record on Friday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, July 1st. This is a positive change from Regal Beloit’s previous quarterly dividend of $0.30. Regal Beloit’s dividend payout ratio is 21.86%.
Regal Beloit Company Profile
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 four segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions.
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