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

Regal Rexnord Co. (NYSE:RRX) – Equities research analysts at Seaport Res Ptn lowered their FY2024 earnings per share (EPS) estimates for shares of Regal Rexnord in a research note issued to investors on Wednesday, May 8th. Seaport Res Ptn analyst W. Liptak now anticipates that the company will post earnings per share of $9.91 for the year, down from their prior forecast 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.

Several other research analysts have also recently issued reports on RRX. KeyCorp upped their price objective on Regal Rexnord from $180.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Barclays lowered their price target on Regal Rexnord from $203.00 to $199.00 and set an “overweight” rating for the company in a report on Wednesday. Oppenheimer raised their price objective on shares of Regal Rexnord from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Finally, Robert W. Baird upped their target price on shares of Regal Rexnord from $205.00 to $208.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.60.

Regal Rexnord Stock Performance

Shares of RRX stock opened at $157.35 on Thursday. Regal Rexnord has a 12 month low of $97.18 and a 12 month high of $183.85. The company has a current ratio of 2.55, a quick ratio of 1.59 and a debt-to-equity ratio of 1.00. The company has a market cap of $10.46 billion, a P/E ratio of -180.86, a PEG ratio of 1.64 and a beta of 1.16. The firm has a fifty day moving average price of $169.44 and a 200 day moving average price of $146.68.

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

Regal Rexnord Dividend Announcement

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

Insider Activity at Regal Rexnord

In other Regal Rexnord news, EVP Thomas E. Valentyn sold 1,931 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $166.09, for a total transaction of $320,719.79. Following the transaction, the executive vice president now directly owns 27,180 shares of the company’s stock, valued at approximately $4,514,326.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Regal Rexnord news, EVP Thomas E. Valentyn sold 1,931 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $166.09, for a total transaction of $320,719.79. Following the completion of the sale, the executive vice president now directly owns 27,180 shares of the company’s stock, valued at approximately $4,514,326.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jerrald R. Morton sold 2,992 shares of Regal Rexnord stock in a transaction that occurred on Monday, February 12th. The shares were 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 owns 15,884 shares in the company, valued at $2,451,536.56. The disclosure for this sale can be found here. Insiders sold a total of 5,570 shares of company stock worth $892,301 in the last 90 days. 0.82% of the stock is owned by insiders.

Institutional Trading of Regal Rexnord

Hedge funds have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in 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 valued at $2,699,000 after purchasing an additional 561 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Regal Rexnord during the 1st quarter worth approximately $140,000. William Blair Investment Management LLC lifted its holdings in shares of Regal Rexnord by 33.5% in the 1st 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 period. Qsemble Capital Management LP purchased a new stake in shares of Regal Rexnord in the first quarter valued at approximately $200,000. Finally, Inspire Investing LLC acquired a new position in Regal Rexnord during the first quarter worth $446,000. Institutional investors and hedge funds own 99.72% of the company’s stock.

About Regal Rexnord

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.