Key Details
Price
$153.28Last Dividend
$0.35Annual Revenue
$6.25 BAnnual EPS
-$0.87PE Ratio
48.35Annual ROE
-0.90%Beta
1.60Events Calendar
Next earnings date:
Feb 07, 2025Recent quarterly earnings:
Nov 04, 2024Recent annual earnings:
Feb 07, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 31, 2024Next split:
N/ARecent split:
Aug 15, 1994Analyst ratings
Recent major analysts updates
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The Regal Rexnord Corporation (NYSE:RRX) held its Q3 2024 Earnings Call on November 5, 2024, at 10:00 AM ET. Key company representatives included Rob Barry from Investor Relations, CEO Louis Pinkham, and CFO Rob Rehard. The call featured various conference call participants from different financial institutions, and attendees were in listen-only mode.
While the revenue and earnings per share (EPS) for Regal Rexnord (RRX) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Regal Rexnord (RRX) reported quarterly earnings of $2.49 per share, which is higher than the Zacks Consensus Estimate of $2.45 per share. This is an increase compared to earnings of $2.10 per share from the same period last year.
On October 24, 2024, during its regular quarterly meeting, the Board of Directors of Regal Rexnord Corporation (NYSE: RRX) announced a dividend of $0.35 per share, as stated by CEO Louis Pinkham.
MILWAUKEE, Oct. 9, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) has announced that it will share its financial results for the third quarter of 2024 after the market closes on Monday, November 4, 2024. The company will hold a conference call to talk about the earnings at 9:00 am CT (10:00 am ET) on Tuesday, November 5, 2024.
The electric motor company confirmed its previous forecasts and shared some new predictions during its investor day. It expects to see positive growth rates in some important areas until 2027.
On September 13, 2024, Regal Rexnord Corporation (NYSE: RRX) released its yearly Sustainability Report, highlighting the advancements made towards its sustainability targets for 2032.
The Q2 earnings report showed mixed results due to continued challenges in industrial and automation sectors, but aerospace, data centers, and medical markets are performing well, with signs of improving orders. While general industrial, discrete automation, and off-road machinery are expected to stay weak for a while, a recovery in industrial and automation markets is anticipated by 2025. The management is focusing on precision motion control to tap into faster-growing sectors like aerospace and biopharma, which is helping to drive their strategy.
Regal Rexnord (RRX) reported quarterly earnings of $2.29 per share, which is higher than the Zacks Consensus Estimate of $2.14 per share. In comparison, the earnings from the same period last year were $2.56 per share.
Regal Rexnord (RRX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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