Stock News Update: Regal Beloit Corporation (NYSE: RBC)

Regal Beloit Corporation (NYSE: RBC) spotted trading -6.96% off 52-week high price. On the other end, the stock has been noted 23.01% away from the low price over the last 52-weeks. The stock changed -1.99% to recent value of $81.23. The stock transacted 203546 shares during most recent day however it has an average volume of 226.47K shares. The company has 42.74M of outstanding shares and 42.19M shares were floated in the market.

On July 23, 2019 Louis Pinkham, Chief Executive Officer of Regal Beloit Corporation (NYSE: RBC), reported that the Board of Directors, at its regular quarterly meeting held on July 23, 2019, declared a dividend of $0.30 per share. The dividend is payable on October 11, 2019, to shareholders of record at the close of business on September 27, 2019. The company has paid a dividend every quarter since January 1961.

Regal Beloit Corporation (NYSE: RBC) is a leading manufacturer of electric motors and controls, power generation products and power transmission products serving customers throughout the world. We create a better tomorrow by developing and responsibly producing energy-efficient products and systems.

Our company is comprised of three operating segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Regal is headquartered in Beloit, Wisconsin and has manufacturing, sales and service facilities worldwide.

Its earnings per share (EPS) expected to touch remained 0.50% for this year while earning per share for the next 5-years is expected to reach at 10.00%. RBC has a gross margin of 26.70% and an operating margin of 10.50% while its profit margin remained 7.10% for the last 12 months.

According to the most recent quarter its current ratio was 2.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.41% from the mean of 20 days, 3.15% from mean of 50 days SMA and performed 3.56% from mean of 200 days price. Company’s performance for the week was 1.27%, 1.60% for month and YTD performance remained 15.96%.


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