Regal Beloit Corporation (RBC) Earns Daily Media Impact Score of -0.05

Press coverage about Regal Beloit Corporation (NYSE:RBC) has been trending somewhat negative this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Regal Beloit Corporation earned a news sentiment score of -0.05 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 63 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

Insider Buying and Selling by Quarter for Regal Beloit Corporation (NYSE:RBC)

Several brokerages recently commented on RBC. BidaskClub cut shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine raised shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. raised shares of Regal Beloit Corporation from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Friday, May 5th. CIBC raised shares of Regal Beloit Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, May 15th. Finally, Zacks Investment Research cut shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $75.00.

Shares of Regal Beloit Corporation (RBC) opened at 79.35 on Friday. The firm’s 50-day moving average is $80.21 and its 200 day moving average is $75.59. Regal Beloit Corporation has a 12 month low of $51.57 and a 12 month high of $83.65. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 17.21 and a beta of 1.51.

Regal Beloit Corporation (NYSE:RBC) last announced its quarterly earnings data on Monday, May 8th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. Regal Beloit Corporation had a net margin of 6.46% and a return on equity of 9.80%. The business had revenue of $813.50 million during the quarter, compared to analyst estimates of $807.40 million. During the same period last year, the firm posted $0.95 EPS. The company’s revenue was down .6% on a year-over-year basis. Equities analysts expect that Regal Beloit Corporation will post $4.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a dividend of $0.26 per share. This is a positive change from Regal Beloit Corporation’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, June 28th. Regal Beloit Corporation’s dividend payout ratio (DPR) is 20.82%.

In other Regal Beloit Corporation news, Director Henry W. Knueppel sold 3,663 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $80.00, for a total transaction of $293,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henry W. Knueppel sold 10,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $82.00, for a total transaction of $820,000.00. Following the sale, the director now directly owns 3,726 shares of the company’s stock, valued at $305,532. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,463 shares of company stock valued at $1,977,364. Insiders own 2.20% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was published by sleekmoney and is owned by of sleekmoney. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://sleekmoney.com/regal-beloit-corporation-rbc-earns-daily-media-impact-score-of-0-05/1936981.html.

About Regal Beloit Corporation

Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/regal-beloit-corporation-rbc-earns-daily-media-impact-score-of-0-05/1936981.html

Receive News & Ratings for Regal Beloit Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Beloit Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *