Revenue Update on Regal Beloit Corp(NYSE:RBC)

Regal Beloit Corp(NYSE:RBC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $758.100M. Analysts estimated a revenue of $755.500M. The revenues were 0.34% above the estimates. Earnings per share were $1.04. Analysts had estimated an EPS of $1.04.

Regal Beloit Corp (RBC) made into the market gainers list on Tuesdays trading session with the shares advancing 2.39% or 1.75 points. Due to strong positive momentum, the stock ended at $75.05, which is also near the day’s high of $77.2. The stock began the session at $73.5 and the volume stood at 7,46,976 shares. The 52-week high of the shares is $77.2 and the 52 week low is $47.765. The company has a current market capitalization of $3,359 M and it has 4,47,61,519 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 16, 2016, John Avampato (VP & Chief Information Officer) sold 626 shares at $69.26 per share price.Also, On Aug 12, 2016, Terry R Colvin (VP/Human Resources) sold 1,615 shares at $62.47 per share price.On Dec 2, 2015, Curtis W Stoelting (director) sold 7,000 shares at $64.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Regal Beloit Corporation is a global manufacturer electric motors and controls electric generators and controls and power transmission products. The Company operates through three segments: Commercial and Industrial Systems segment which designs manufactures and sells Fractional integral and large horsepower motors and controls electronic variable speed controls and blowers Solid state and electro-mechanical starters contactors relays variable frequency drives and motors artificial lift system pumping equipment Precision stator and rotor kits Hazardous duty motors and Electric generators; Climate Solutions segment which designs manufactures and sells Fractional motors electronic variable speed controls and blowers and Power Transmission Solutions segment which designs manufactures and markets enclosed gear drives gearmotors transmissions and custom open gearing used for motion control within complex equipment and systems.

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