On 2016-08-01, Regal Beloit Corporation (NYSE:RBC) confirmed the dividend disbursement of $0.24 a share to shareholders as on record 2016-09-30. The firm will release dividend on 2016-10-14 while ex-dividend date is reported to be 2016-09-28.
The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Regal Beloit Corporation (NYSE:RBC) paid a total of $0.24 per share in dividends. This figure stood at $0.24 a share in the same period a year ago indicating a deviation of 5.8139%.
Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $65.857 on the stock. This figure is the average of recommendations offered by 7 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $75 and $60, respectively.
Taking the mathematical rating formula, the price for Regal Beloit Corporation (NYSE:RBC) stands at 2.55. Earnings Review Regal Beloit Corporation (NYSE:RBC) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-14. For the period ending on 2016-09-30, experts are expecting EPS of $1.26.
Coming to the quarter ending on 2015-12-31, Regal Beloit Corporation (NYSE:RBC) recorded EPS of $1.14. The reported numbers came lower than the analysts’ estimates of $1.26, demonstrating a miss of $-0.12 as against reported figures.
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