Regal Beloit Corporation (NYSE:RBC) manufacturer of electronic machinery parts, is reporting second quarter earnings results on Monday 3rd August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.67 per share.
For the full year, analysts predict revenues of $ 2731.30 million, while looking forward to income of $ 4.05 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.65 ~ $ 6.05 per share
Click Here For More Historical Outlooks Of Regal Beloit Corporation
Previous Quarter Performance
Regal Beloit Corporation posted income for the first quarter of $ 1.31 per share, from the revenue of $ 734.20 million. Wall street analysts are predicting, RBC to report 1Q20 income of $ 1.09 per share from revenue of $ 751.48 million. The bottom line results beat street analysts by $ 0.22 or 20.18 percent, at the same time, top line results fell short of analysts by $ 17.28 million or 2.3 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of RBC was $ 91.97, representing a 76.90 % increase from the 52 week low of $ 51.99 and a 3.18 % decrease over the 52 week high of $ 94.99.
The company has a market capital of $ 3.73 billion and is part of the Industrials sector and Diversified Industrials industry.
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Recent Analyst recommendations
- On 8th July 2020, maintained by KeyBanc at Overweight rating, with $ 93.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.30 per share on April 28, 2020. The dividend were payable on July 10, 2020 to holders of record as of the close of business on June 26, 2020 and ex-dividend date on June 25, 2020.
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 three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions. The Commercial and Industrial Systems segment provides AC and DC motors, controls, fans and blowers, and integrated electronic control solutions for commercial and industrial applications.
