Regal Beloit Corporation Announces First Quarter 2016 Financial Results

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Go back to Regal Beloit Corporation Announces First Quarter 2016 Financial Results

KeyBanc Downgrades Regal Beloit (RBC) to Sector Weight

May 10, 2016 6:48 AM EDT

KeyBanc downgraded Regal Beloit (NYSE: RBC) from Overweight to Sector Weight and removed its price target. The change follows the release of Q1 results. Analyst Jeffrey D. Hammond is concerned the stock could be a value trap.

"We are downgrading RBC to Sector... More

Regal-Beloit (RBC) Misses Q1 EPS by 12c, Guides Below the Street

May 9, 2016 4:35 PM EDT

Regal-Beloit (NYSE: RBC) reported Q1 EPS of $0.95, $0.12 worse than the analyst estimate of $1.07. Revenue for the quarter came in at $818 million versus the consensus estimate of $851.52 million.

GUIDANCE:

Regal-Beloit sees FY2016 EPS of $4.40-$4.80, versus the consensus of... More