Jefferies Raises Estimates/PT on Regal Beloit (RBC) After Q4 Results
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Price: $504.61 --0%
Rating Summary:
18 Buy, 10 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
18 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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.
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.
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