Regal Rexnord (NYSE:RRX - Get Free Report) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $9.15-$9.45 for the period, compared to the consensus EPS estimate of $9.45.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. KeyCorp decreased their target price on shares of Regal Rexnord from $210.00 to $190.00 and set an "overweight" rating for the company in a research report on Monday, July 15th. Loop Capital reiterated a "buy" rating and issued a $200.00 price target on shares of Regal Rexnord in a research note on Thursday, September 19th. Barclays upped their price target on shares of Regal Rexnord from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Citigroup began coverage on shares of Regal Rexnord in a report on Monday, October 14th. They issued a "buy" rating and a $200.00 price objective for the company. Finally, Robert W. Baird upped their price target on shares of Regal Rexnord from $208.00 to $213.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $193.63.
Check Out Our Latest Report on Regal Rexnord
Regal Rexnord Trading Up 0.7 %
NYSE RRX traded up $1.20 on Monday, hitting $170.22. The company's stock had a trading volume of 549,107 shares, compared to its average volume of 446,709. The company has a quick ratio of 1.38, a current ratio of 2.45 and a debt-to-equity ratio of 0.91. Regal Rexnord has a 1-year low of $100.00 and a 1-year high of $183.85. The company's 50-day moving average is $165.20 and its 200 day moving average is $156.13. The firm has a market cap of $11.33 billion, a PE ratio of -8,511.00, a PEG ratio of 1.76 and a beta of 1.04.
Regal Rexnord Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, December 31st. Regal Rexnord's dividend payout ratio (DPR) is currently -7,000.00%.
Regal Rexnord Company Profile
(
Get Free Report)
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.
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