Rexnord (NYSE:RXN) will be issuing its quarterly earnings data after the market closes on Wednesday, January 31st. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
Rexnord (NYSE:RXN) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $510.80 million during the quarter, compared to the consensus estimate of $505.75 million. Rexnord had a net margin of 4.45% and a return on equity of 12.03%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS. On average, analysts expect Rexnord to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Rexnord (RXN) opened at $28.57 on Wednesday. The firm has a market cap of $2,988.89, a PE ratio of 43.29, a PEG ratio of 2.30 and a beta of 1.65. Rexnord has a 1 year low of $21.07 and a 1 year high of $28.85. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.08 and a quick ratio of 2.23.
RXN has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Rexnord from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. TheStreet downgraded shares of Rexnord from a “b-” rating to a “c+” rating in a research report on Wednesday, November 15th. Oppenheimer reissued a “hold” rating on shares of Rexnord in a research report on Thursday, September 28th. Bank of America raised shares of Rexnord from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Finally, Deutsche Bank set a $33.00 price target on shares of Rexnord and gave the company a “buy” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Rexnord has a consensus rating of “Hold” and an average target price of $29.00.
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Rexnord Company Profile
Rexnord Corporation is a multi-platform industrial company. The Company operates through two segments: Process & Motion Control platform, and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services a range of engineered mechanical components used within systems.
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