Regal Rexnord (RRX) to Release Quarterly Earnings on Monday

Regal Rexnord (NYSE:RRX) is set to post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Regal Rexnord to post earnings of $2.45 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.15. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Regal Rexnord had a positive return on equity of 9.16% and a negative net margin of 0.02%. The company’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.56 EPS. On average, analysts expect Regal Rexnord to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Regal Rexnord Stock Performance

Regal Rexnord stock opened at $169.11 on Friday. The firm has a fifty day simple moving average of $165.10 and a two-hundred day simple moving average of $156.06. Regal Rexnord has a twelve month low of $97.18 and a twelve month high of $183.85. The company has a market capitalization of $11.25 billion, a PE ratio of -8,470.50, a P/E/G ratio of 1.78 and a beta of 1.04. The company has a quick ratio of 1.38, a current ratio of 2.45 and a debt-to-equity ratio of 0.91.

Regal Rexnord Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Tuesday, December 31st. Regal Rexnord’s dividend payout ratio is -7,000.00%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RRX shares. KeyCorp reduced their price target on Regal Rexnord from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, July 15th. Citigroup began coverage on Regal Rexnord in a research note on Monday, October 14th. They set a “buy” rating and a $200.00 target price on the stock. Barclays lifted their price target on shares of Regal Rexnord from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upped their price objective on shares of Regal Rexnord from $176.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, StockNews.com raised shares of Regal Rexnord from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.63.

About Regal Rexnord

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.