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Last Price: 159.53 - Change: -3.45 - Change %: -2.1168
04/17/2024 16:10:00 EST

Regal Beloit Corporation (RRX)

Industry: Specialty Industrial Machinery

Price Support Resistance

In the past 20 trading days, RRX has been trading in a range between $182.01 and $163.09 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Red zone currently. We would avoid this stock.

Upside / Downside Potential

Regal Beloit Corporation $RRX entered a Red zone 6 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $192, a potential upside of 20.35% from the recent price of 159.53. Our AI powered stock target predictor currently has a target price of $115.00 a potential move of -28%. The stock is trading 15.02% (potential upside) below its 52 week high of $183.49 and 64.85 % (potential downside) above its 52 week low of $96.77 - based on the recent price.

Company Summary

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets. The Power Efficiency Solutions segment offers AC and DC motors, electronic variable speed controls, and blowers for residential, commercial HVAC, water heaters, commercial refrigeration, commercial building ventilation, pool and spa, irrigation, agriculture, conveying, and general commercial equipment markets.

RRX Website

News

Regal Rexnord Corporation (RRX) Q4 2023 Earnings Call Transcript
Regal Rexnord Corporation (RRX) Q4 2023 Earnings Call Transcript
Source: Seeking Alpha
Thu, 08 Feb 2024 16:50:04 -0500
Sentiment: Neutral
Compared to Estimates, Regal Rexnord (RRX) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Regal Rexnord (RRX) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Source: Zacks Investment Research
Wed, 07 Feb 2024 20:31:03 -0500
Sentiment: Neutral
Regal Rexnord (RRX) Tops Q4 Earnings Estimates
Regal Rexnord (RRX) came out with quarterly earnings of $2.28 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $2.64 per share a year ago.
Source: Zacks Investment Research
Wed, 07 Feb 2024 19:25:26 -0500
Sentiment: Positive
REGAL REXNORD REPORTS FOURTH QUARTER 2023 FINANCIAL RESULTS, CAPPING OFF A YEAR OF RECORD ANNUAL ADJUSTED FREE CASH FLOW AND SIGNIFICANT PORTFOLIO TRANSFORMATION
MILWAUKEE , Feb. 7, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) Fourth Quarter Highlights GAAP Diluted EPS Of $0.84 And Adjusted Diluted EPS* Of $2.28, Delivering On Prior Commitments Strong Adjusted Free Cash Flow* Of $170.9 Million Paid Down $116.7 Million Of Gross Debt; Net Debt Declined By $153.2 Million; Net Debt To Pro Forma Adjusted EBITDA (Including Synergies)* Is Now 3.80 Sales Up 29.2% Versus PY, Down 6.9% On A Pro Forma Organic Basis* GAAP Net Income Decreased $46.1 Million Versus PY To $56.6 Million Adjusted EBITDA* Of $346.5 Million Adjusted EBITDA Margin* Of 21.5% Up 40 Basis Points Versus PY On A Pro Forma Basis* As Synergies And 80/20 More Than Offset End Market Volume Headwinds Full Year 2023 Highlights  Nearly Doubled Adjusted Free Cash Flow Versus PY With A Record $683.1 Million, Above Guidance Expectations Achieved Targeted $65 Million Of Synergies; On Track To Achieve $90 Million In 2024 GAAP Gross Margin Of 33.1% Up 110 Basis Points Versus 32.0% In 2022 Adjusted Gross Margin* Of 34.5% Up 150 Basis Points Versus 33.0% In 2022 Given Strong Synergies And Continued 80/20 Execution Completed Transformational Acquisition Of Altra Industrial Motion Corp. ("Altra") Reached Agreement To Sell Industrial Motors & Generators Business, Representing The Majority Of Industrials Systems Segment, For $400 Million, Which Remains On Track To Close In 1H 2024 Full Year 2024 Guidance  Introducing Guidance For 2024 GAAP Diluted EPS In A Range Of $4.58 To $5.38 And For Adjusted Diluted EPS In A Range Of $9.75 To $10.55 CEO Louis Pinkham commented, "Our team delivered strong performance in the fourth quarter - in line with our prior commitments - despite persistent destocking and various end market headwinds, especially in our PES segment. Strong execution supported enterprise adjusted EBITDA of $347 million and adjusted EBITDA margin rising by 40 basis points on a pro forma, year-over-year basis, on lower sales.
Source: PRNewsWire
Wed, 07 Feb 2024 16:15:00 -0500
Sentiment: Neutral
Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share.
MILWAUKEE , Jan. 29, 2024 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on January 29, 2024, declared a dividend of $0.35 per share. The dividend is payable on April 12, 2024, to shareholders of record at the close of business on March 28, 2024.
Source: PRNewsWire
Mon, 29 Jan 2024 16:15:00 -0500
Sentiment: Neutral
Instituions Institution %: 101.014
Last QTR Institution change: 251124

Insiders
Insiders %: 0.522
Insiders Purchases last QTR: 2000
Insiders Sales last QTR: 13997
Insiders Net last QTR: -11997

Analyst Ratings
Target Price: 192
Overall Rating: 4.6667
Strong Buys (5): 6
Buys (4): 3
Holds (3): 0
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 183.4914
52 Week Low: 96.7663
Beta: 1.131
50 Day MA: 167.4964
200 Day MA: 146.7096

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.455
Qtr Revenue Growth YOY: 0.292
Forward PE: 16.2338
Trailing PE: 0

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