Regal Beloit (NYSE:RBC) announced its earnings results on Sunday. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.30, MarketWatch Earnings reports. Regal Beloit had a net margin of 6.13% and a return on equity of 9.03%. The firm had revenue of $814.10 million for the quarter, compared to analyst estimates of $782.03 million. During the same quarter in the prior year, the business posted $1.31 EPS. The business’s revenue was up 10.9% compared to the same quarter last year.
NYSE:RBC traded up $0.03 on Tuesday, hitting $144.77. The company 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 price-to-earnings ratio of 33.67, a PEG ratio of 2.06 and a beta of 1.38. The company has a current ratio of 2.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $146.41 and a two-hundred day moving average of $129.28. Regal Beloit has a 52 week low of $63.44 and a 52 week high of $159.64.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 16th. Investors of record on Friday, July 2nd will be paid a $0.33 dividend. This is an increase from Regal Beloit’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, July 1st. This represents a $1.32 annualized dividend and a yield of 0.91%. Regal Beloit’s dividend payout ratio is presently 21.86%.
About Regal Beloit
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.
See Also: How Does the Quiet Period Work?
Receive News & Ratings for Regal Beloit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Beloit and related companies with MarketBeat.com's FREE daily email newsletter.