Jefferies Raises Estimates/PT on Regal Beloit (RBC) After Q4 Results
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Price: $66.30 -1.28%
Rating Summary:
8 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
8 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade RBC Now!
Jefferies raised its estimates and price target on Regal Beloit (NYSE: RBC) from $68 to $72 following Q4 results.
The firm comments, "4Q11 EPS from ops were +44%. Op income was in line; previously we assumed it was above our forecast, but then a LIFO benefit was noted on the call (not in Presser). 4Q11 EPS were better than expected from non-op items. But 1Q12 guidance was above expectations, a surprise given HVAC mix pressures. RBC is beginning to show it has 3 legs to its earnings stool: C&I, HVAC and now acquisition accretion."
The firm raised FY12 EPS from $4.80 to $5.08 and FY13 from $5.84 to $6.00.
For an analyst ratings summary and ratings history on Regal Beloit click here. For more ratings news on Regal Beloit click here.
Shares of Regal Beloit closed at $66.00 yesterday, with a 52 week range of $41.65-$76.65.
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The firm comments, "4Q11 EPS from ops were +44%. Op income was in line; previously we assumed it was above our forecast, but then a LIFO benefit was noted on the call (not in Presser). 4Q11 EPS were better than expected from non-op items. But 1Q12 guidance was above expectations, a surprise given HVAC mix pressures. RBC is beginning to show it has 3 legs to its earnings stool: C&I, HVAC and now acquisition accretion."
The firm raised FY12 EPS from $4.80 to $5.08 and FY13 from $5.84 to $6.00.
For an analyst ratings summary and ratings history on Regal Beloit click here. For more ratings news on Regal Beloit click here.
Shares of Regal Beloit closed at $66.00 yesterday, with a 52 week range of $41.65-$76.65.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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