Regal Rexnord (NYSE:RRX) Announces Quarterly Earnings Results

Regal Rexnord (NYSE:RRX) released its earnings results on Wednesday. The company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.22), Zacks reports. Regal Rexnord had a return on equity of 9.48% and a net margin of 3.41%. Regal Rexnord updated its FY 2025 guidance to 9.600-10.400 EPS.

Regal Rexnord Trading Down 0.1 %

RRX stock traded down $0.15 during midday trading on Wednesday, hitting $154.74. 709,147 shares of the company’s stock were exchanged, compared to its average volume of 508,159. The stock has a market capitalization of $10.25 billion, a PE ratio of 48.81, a P/E/G ratio of 1.53 and a beta of 1.03. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. Regal Rexnord has a 1-year low of $130.94 and a 1-year high of $185.28. The business has a 50-day simple moving average of $161.31 and a two-hundred day simple moving average of $163.10.

Regal Rexnord Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 0.90%. Regal Rexnord’s dividend payout ratio (DPR) is 44.16%.

Insider Activity at Regal Rexnord

In other news, CEO Louis V. Pinkham sold 8,774 shares of Regal Rexnord stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $180.03, for a total value of $1,579,583.22. Following the completion of the sale, the chief executive officer now directly owns 149,618 shares of the company’s stock, valued at approximately $26,935,728.54. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RRX shares. Barclays decreased their target price on Regal Rexnord from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Citigroup reduced their price objective on shares of Regal Rexnord from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group boosted their price objective on shares of Regal Rexnord from $191.00 to $213.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group began coverage on Regal Rexnord in a research note on Thursday, December 12th. They issued a “buy” rating and a $215.00 price target for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Regal Rexnord has an average rating of “Moderate Buy” and an average target price of $202.00.

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.