Regal Rexnord (NYSE:RRX) Announces Earnings Results

Regal Rexnord (NYSE:RRX - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $2.34 EPS for the quarter, missing analysts' consensus estimates of $2.56 by ($0.22), Zacks reports. Regal Rexnord had a net margin of 3.25% and a return on equity of 9.57%. Regal Rexnord updated its FY 2025 guidance to 9.600-10.400 EPS.

Regal Rexnord Stock Down 2.8 %

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

Regal Rexnord Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Monday, March 31st. Regal Rexnord's payout ratio is 47.46%.

Analysts Set New Price Targets

RRX has been the topic of several recent research reports. Citigroup cut their target price on shares of Regal Rexnord from $210.00 to $190.00 and set a "buy" rating on the stock in a research report 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. Robert W. Baird lowered their target price on Regal Rexnord from $223.00 to $208.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. StockNews.com lowered Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th. Finally, Barclays decreased their price target 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. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $199.50.

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.