Regal Rexnord (NYSE:RRX) Posts Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Regal Rexnord (NYSE:RRX - Get Free Report) posted 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 9.57% and a net margin of 3.25%. Regal Rexnord updated its FY 2025 guidance to 9.600-10.400 EPS.

Regal Rexnord Stock Down 2.8 %

Shares of Regal Rexnord stock traded down $3.94 during trading on Friday, hitting $138.93. 920,670 shares of the stock traded hands, compared to its average volume of 533,582. Regal Rexnord has a 52-week low of $130.94 and a 52-week high of $185.28. The stock's fifty day simple moving average is $159.79 and its 200 day simple moving average is $162.80. The firm has a market cap of $9.20 billion, a P/E ratio of 47.09, a price-to-earnings-growth ratio of 1.38 and a beta of 1.03. The company has a current ratio of 2.26, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87.

Regal Rexnord Dividend Announcement

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 given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Monday, March 31st. Regal Rexnord's payout ratio is 47.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RRX shares. Barclays lowered their price objective on Regal Rexnord from $205.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Oppenheimer reduced their target price on shares of Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating on the stock in a research note on Friday. Robert W. Baird dropped their price target on shares of Regal Rexnord from $223.00 to $208.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group raised 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. Finally, Jefferies Financial Group began coverage on Regal Rexnord in a research note on Thursday, December 12th. They set a "buy" rating and a $215.00 price target for the company. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $199.50.

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.