Regal Rexnord (RRX) to Release Earnings on Wednesday

Regal Rexnord (NYSE:RRX) is anticipated to issue its quarterly 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. Investors interested in participating in the company’s conference call can do so using this link.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings data on Monday, November 4th. The company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.53 billion. Regal Rexnord had a net margin of 3.41% and a return on equity of 9.48%. The firm’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 earnings per share. 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 Trading Down 4.4 %

Regal Rexnord stock opened at $151.78 on Tuesday. Regal Rexnord has a 1 year low of $130.94 and a 1 year high of $185.28. The firm’s 50-day moving average is $161.65 and its 200-day moving average is $163.05. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.45. The company has a market cap of $10.05 billion, a P/E ratio of 47.88, a PEG ratio of 1.53 and a beta of 1.03.

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a yield of 0.92%. Regal Rexnord’s payout ratio is currently 44.16%.

Analysts Set New Price Targets

RRX has been the subject of several research analyst reports. Citigroup reduced their price objective on shares of Regal Rexnord from $210.00 to $190.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group assumed coverage on shares of Regal Rexnord in a report on Thursday, December 12th. They issued a “buy” rating and a $215.00 price objective for the company. Robert W. Baird cut their target price on Regal Rexnord from $223.00 to $208.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. StockNews.com cut Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group upped their price target on shares of Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a report on Thursday, December 12th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.00.

Insider Activity

In other news, CEO Louis V. Pinkham sold 8,774 shares of Regal Rexnord stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $180.03, for a total value of $1,579,583.22. Following the sale, the chief executive officer now directly owns 149,618 shares in the company, valued at $26,935,728.54. This trade represents a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.82% of the company’s stock.

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.