REGAL-BELOIT CORPORATION (NYSE:RBC) posted its quarterly earnings results on Monday. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.01, American Banking and Market News reports.
The company had revenue of $801.20 million for the quarter, compared to the consensus estimate of $794.06 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. REGAL-BELOIT CORPORATION updated its Q2 guidance to $1.24-1.32 EPS.
REGAL-BELOIT CORPORATION (NYSE:RBC) traded up 3.58% on Tuesday, hitting $77.5786. The stock had a trading volume of 156,667 shares. REGAL-BELOIT CORPORATION has a 52 week low of $61.86 and a 52 week high of $80.41. The stock’s 50-day moving average is $73.18 and its 200-day moving average is $73.46. The company has a market cap of $3.498 billion and a P/E ratio of 28.37.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, June 25th. This is an increase from REGAL-BELOIT CORPORATION’s previous quarterly dividend of $0.20.
