$2.44 EPS Expected for Regal Rexnord Co. (NYSE:RRX) This Quarter

Brokerages forecast that Regal Rexnord Co. (NYSE:RRXGet Rating) will post $2.44 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Regal Rexnord’s earnings, with the highest EPS estimate coming in at $2.50 and the lowest estimate coming in at $2.41. Regal Rexnord reported earnings of $1.98 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 23.2%. The business is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Regal Rexnord will report full year earnings of $10.42 per share for the current fiscal year, with EPS estimates ranging from $10.35 to $10.45. For the next year, analysts anticipate that the firm will post earnings of $11.67 per share, with EPS estimates ranging from $11.60 to $11.71. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Regal Rexnord.

Regal Rexnord (NYSE:RRXGet Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The company reported $2.14 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.02). The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Regal Rexnord had a net margin of 5.51% and a return on equity of 11.56%. Regal Rexnord’s revenue was up 55.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share.

RRX has been the subject of a number of recent research reports. Zacks Investment Research cut Regal Rexnord from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. Barclays reduced their price target on Regal Rexnord from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Finally, Robert W. Baird reduced their target price on Regal Rexnord from $204.00 to $190.00 in a research report on Friday, February 4th.

In other Regal Rexnord news, Director Christopher L. Doerr sold 2,210 shares of the firm’s stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $159.73, for a total value of $353,003.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Curtis W. Stoelting sold 805 shares of the firm’s stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $159.72, for a total value of $128,574.60. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RRX. Bank of New Hampshire purchased a new position in shares of Regal Rexnord during the 1st quarter worth $30,000. Tobam purchased a new position in Regal Rexnord during the 1st quarter valued at about $35,000. AdvisorNet Financial Inc purchased a new position in Regal Rexnord during the 1st quarter valued at about $36,000. UMB Bank N A MO purchased a new position in Regal Rexnord during the 1st quarter valued at about $37,000. Finally, Spire Wealth Management purchased a new position in Regal Rexnord during the 1st quarter valued at about $47,000. Institutional investors and hedge funds own 68.16% of the company’s stock.

NYSE RRX opened at $138.26 on Tuesday. The stock has a 50-day moving average of $151.11. The company has a market capitalization of $9.29 billion, a P/E ratio of 26.74, a P/E/G ratio of 1.37 and a beta of 1.20. Regal Rexnord has a 52 week low of $125.42 and a 52 week high of $176.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.49 and a quick ratio of 1.48.

About Regal Rexnord (Get Rating)

Regal Rexnord Corporation, together with its subsidiaries, designs, manufactures, and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. It operates through four segments: Commercial Systems, Industrial Systems, Climate Solutions, and Motion Control Solutions.

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Earnings History and Estimates for Regal Rexnord (NYSE:RRX)

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