By otakuyassine3@gmail.com 
Regal Rexnord (NYSE:RRX – Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, February 5th. Analysts expect Regal Rexnord to post earnings of $2.56 per share and revenue of $1.49 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Regal Rexnord (NYSE:RRX – Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Regal Rexnord had a return on equity of 9.48% and a net margin of 3.41%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 EPS. On average, analysts expect Regal Rexnord to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Regal Rexnord Stock Performance
RRX opened at $151.78 on Tuesday. The firm has a market cap of $10.05 billion, a P/E ratio of 47.88, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. The business’s fifty day moving average is $161.65 and its 200-day moving average is $163.05. Regal Rexnord has a 52-week low of $130.94 and a 52-week high of $185.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.45.
Regal Rexnord Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.92%. The ex-dividend date is Monday, March 31st. Regal Rexnord’s dividend payout ratio is currently 44.16%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on RRX. StockNews.com lowered shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Barclays decreased their price target on Regal Rexnord from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Citigroup dropped their price objective on Regal Rexnord from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group lifted their target price on Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group started coverage on shares of Regal Rexnord in a research note on Thursday, December 12th. They issued a “buy” rating and a $215.00 price target on the stock. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $202.00.
Check Out Our Latest Report on Regal Rexnord
Insider Buying and Selling at Regal Rexnord
In other Regal Rexnord news, CEO Louis V. Pinkham sold 8,774 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $180.03, for a total transaction of $1,579,583.22. Following the completion of the transaction, the chief executive officer now owns 149,618 shares in the company, valued at approximately $26,935,728.54. This trade represents a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.82% of the company’s stock.
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.
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