Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

Regal Beloit Corporation (NASDAQ:RBC) To Release Earnings

Analysts await Regal Beloit Corporation (NASDAQ:RBC) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $1.09 EPS, down 11.01% or $0.12 from last year’s $1.21 per share.

At the moment 16 analysts are watching Regal Beloit Corporation (NASDAQ:RBC), 1 rate it “Buy”, 6 “Outperform”, 8 “Underperform”, 1 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 14 analysts have a mean sales target of 887.03 million. For the quarter ending Sep-16, 14 analysts have a mean sales target of 854.15 million whilst for the year ending Dec-16, 15 analysts have a mean target of 3,351.08 million.

In terms of earnings per share, 15 analysts have a 1.41 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 15 analysts have a 1.36 EPS mean target and for the quarter ending Sep-16 there are 15 estimates of 4.95 EPS.

The biggest institutional shareholders in Regal Beloit Corporation include Vanguard Group Inc which owns 3 million shares in the company valued at $187.84 million. J.P. Morgan Investment Management Inc is the second biggest holder with 3 million shares currently valued at 171.84 million whilst Mellon Capital Management Corporation has 3 million shares valued at 155.06 million.

Total shares held by institutions as of the most recent company filings are 44,582,906 with a reported 2,593,657 bought and 1,991,846 sold. These holdings make up 99.48% of the company’s outstanding shares.

Currently insiders hold 911,846 shares in the business which makes up 2.04% of shares. The biggest holder currently is Mr. James L. Packard who owns 402,470 shares (0.90% of those outstanding), whilst Mark J. Gliebe holds 128,901 (0.29% of shares outstanding) and G. Frederick Kasten,Jr holds 55,684 (0.12% of shares outstanding).

The stock increased 0.48% or $0.31 during the last trading session, hitting $64.21. Regal Beloit Corporation (NASDAQ:RBC) has risen 1.81% over the past 6 months and is uptrending.

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