Regal Beloit Corporation Common (NYSE:RBC):
Regal Beloit Announces Dividend.
The company is so far trading up from yesterday’s close of $58.45.
The company announced a dividend which was paid on Friday the 14th of October 2016. The dividend was $0.240 per share for the quarter which is $0.96 annualized. The dividend yield was $1.62. The ex-dividend date was set for Wednesday the 28th of September 2016.
Company chares are trading at $58.60 a tad below $59.06, the 50 day moving average and slightly below the 200 day moving average of $59.90. The 50 day moving average moved down $-0.46 and the 200 day average moved down $-1.30.
The most current P/E ratio is 18.49 and the market cap is 2.62B. As of the latest earnings report the EPS was $3.17 and is projected to be $4.39 for the current year with 44,752,000 shares outstanding. Analysts expect next quarter’s EPS will be $1.06 with next year’s EPS anticipated to be $4.78.
Investment analysts have released opinions on the stock recently. On September 27, 2016 the stock rating was set at “Neutral” in a report from Seaport Global down from the previous “Accumulate” rating. On May 11 the company was changed to a “Sector Weight” according to a Morgan Stanley report which is down from the previous “Overweight” rating.
On May 10, 2016 the stock rating was rated “Sector Weight” by KeyBanc a cut from the previous “Overweight” rating. Goldman Sachs downgraded the stock and lowered the price target on April 28 changing the price objective from $83.00 to $62.00 and changing the rating from “Neutral” to “Sell”.
On April 28 the stock rating was downgraded from “Neutral” to “Sell” and a price target of $62.00 was set by Goldman Sachs. On April 20, 2016 the stock rating was changed to a “Hold” in a report from Wunderlich which was a cut from the previous “” rating.