Thursday, May 2, 10:32 AM
Regal Beloit (RBC +2.7%) moves higher as KeyBanc (Buy) and Global Hunter Securities (Buy) both upgrade the shares. Trading at 5.9x EV/EBITDA following yesterday's post-earnings malaise, the shares "represent a compelling entry point," KeyBanc analyst Jeffrey Hammond says. "It seems like most other industrial companies [see improvement] and you seem to be indicating otherwise," Hammond notes on the call. "What we're seeing, our competitors are seeing," says CEO Mark Gliebe. Anyone saying different only competes "in and around the industrial space," as opposed to directly in it, Gliebe adds. (transcript)
Comment![On the Move]
Wednesday, May 1, 10:51 AM
Regal Beloit (RBC -17.7%) plummets after its Q1 top and bottom line miss. "U.S. commercial and industrial markets did not perform as well as we had expected," the maker of electric motors says. The company's guidance looks particularly weak against analysts' estimates as RBC sees Q2 adjusted EPS of $1.19-1.27, while the Street expects $1.61. "As we look to Q2, sluggish demand in our North American commercial and industrial markets is impacting both our electrical and mechanical segments," CEO Mark Gliebe notes. (PR)
Comment![On the Move, Earnings]
Tuesday, April 30, 6:18 AMRegal Beloit (RBC) declares $0.20/share quarterly dividend, 5.3% increase from prior dividend of $0.19. Forward yield 1.03%. For shareholders of record June 28. Payable July 12. Ex-div date June 26. (PR)
Friday, January 25, 5:07 PMRegal Beloit Corporation (RBC) declares $0.19/share quarterly dividend, in line with previous. Forward yield 1.02%. For shareholders of record Mar. 17. Payable Apr. 12. Ex-div date Mar. 25. (PR)
Monday, October 29, 2012, 6:51 PMRegal-Beloit (RBC): Q3 EPS of $1.32 misses by $0.06. Revenue of $779.5M (+5.8% Y/Y) misses by $57M. (PR)
Friday, October 26, 2012, 5:43 PMRegal-Beloit (RBC) declares $0.19/share quarterly dividend, in line with previous. Forward yield 1.12%. For shareholders of record Dec 28. Payable Jan 18. Ex-div date Dec 26. (PR)
Friday, September 21, 2012, 8:26 AM
Despite the government's best efforts at pushing them to boost lending, flush U.K. banks find it easier (and less risky) to profit by paying a premium to buy back their bonds. Why make a loan and be forced to reserve precious capital against it when you can be assured of a gain by cutting interest expense?
Wednesday, August 22, 2012, 10:45 AM
Up next on the scandal agenda for U.K. banks are swap products marketed aggressively to average-Joe borrowers from 2005-08. Rate swaps were designed to protect against rising rates. Trouble is, rates plummeted, forcing heavy charges onto the clients who signed up. Thus far, the banks have provisioned only small sums for possible legal remedies.
1 Comment[Global & FX, Financials]
Tuesday, May 1, 2012, 6:17 PMRegal-Beloit (RBC): Q1 EPS of $1.16 beats by $0.05. Revenue of $808M (+21.9% Y/Y) misses by $14M. (PR)
Monday, April 30, 2012, 1:54 PM
Regal-Beloit (RBC -0.9%) ups its dividend by $0.01 to $0.19 per share, payable on July 14, to shareholders of record at the close of business on June 29.
Friday, March 23, 2012, 7:46 AM
U.K. banks still do not have enough capital to ensure their health during another crisis says the BoE's new Financial Policy Committee. Limiting dividends and holding back pay are not enough, says the group, which urges the lenders "to raise external capital as early as possible."