Regal Rexnord Co. (NYSE:RRX) to Post FY2024 Earnings of $9.91 Per Share, Seaport Res Ptn Forecasts

Regal Rexnord Co. (NYSE:RRX) – Research analysts at Seaport Res Ptn cut their FY2024 earnings per share estimates for Regal Rexnord in a research note issued on Wednesday, May 8th. Seaport Res Ptn analyst W. Liptak now anticipates that the company will earn $9.91 per share for the year, down from their prior estimate of $10.00. The consensus estimate for Regal Rexnord’s current full-year earnings is $10.05 per share. Seaport Res Ptn also issued estimates for Regal Rexnord’s Q1 2025 earnings at $2.43 EPS, Q2 2025 earnings at $2.68 EPS, Q3 2025 earnings at $3.12 EPS and FY2025 earnings at $11.73 EPS.

RRX has been the topic of several other reports. Oppenheimer increased their price objective on Regal Rexnord from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, March 13th. KeyCorp increased their price objective on Regal Rexnord from $180.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Robert W. Baird increased their price objective on Regal Rexnord from $205.00 to $208.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barclays dropped their target price on Regal Rexnord from $203.00 to $199.00 and set an “overweight” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.60.

Regal Rexnord Trading Up 0.1 %

Regal Rexnord stock opened at $157.35 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.55 and a quick ratio of 1.59. Regal Rexnord has a one year low of $97.18 and a one year high of $183.85. The stock has a market capitalization of $10.46 billion, a PE ratio of -180.86, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. The business’s fifty day moving average is $169.44 and its 200 day moving average is $146.68.

Regal Rexnord (NYSE:RRX) last released its earnings results on Monday, May 6th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.02. Regal Rexnord had a positive return on equity of 9.58% and a negative net margin of 0.92%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the firm posted $2.22 earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Regal Rexnord by 3.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,985 shares of the company’s stock worth $2,699,000 after buying an additional 561 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in Regal Rexnord during the 1st quarter valued at approximately $140,000. William Blair Investment Management LLC raised its position in shares of Regal Rexnord by 33.5% during the first quarter. William Blair Investment Management LLC now owns 645,830 shares of the company’s stock valued at $116,314,000 after buying an additional 162,147 shares during the last quarter. Qsemble Capital Management LP purchased a new position in shares of Regal Rexnord in the first quarter worth $200,000. Finally, Inspire Investing LLC bought a new position in shares of Regal Rexnord during the first quarter worth $446,000. Institutional investors own 99.72% of the company’s stock.

Insider Transactions at Regal Rexnord

In other news, EVP Thomas E. Valentyn sold 1,931 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $166.09, for a total value of $320,719.79. Following the transaction, the executive vice president now owns 27,180 shares of the company’s stock, valued at $4,514,326.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Thomas E. Valentyn sold 1,931 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $166.09, for a total value of $320,719.79. Following the transaction, the executive vice president now owns 27,180 shares of the company’s stock, valued at $4,514,326.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jerrald R. Morton sold 2,992 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $154.34, for a total value of $461,785.28. Following the completion of the transaction, the executive vice president now directly owns 15,884 shares in the company, valued at approximately $2,451,536.56. The disclosure for this sale can be found here. Insiders have sold 5,570 shares of company stock valued at $892,301 over the last quarter. 0.82% of the stock is currently owned by company insiders.

Regal Rexnord Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.35 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.40 annualized dividend and a yield of 0.89%. Regal Rexnord’s payout ratio is -160.92%.

Regal Rexnord Company Profile

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.