Rexnord Corporation (NYSE:RXN) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 1st. Analysts expect Rexnord Corporation to post earnings of $0.33 per share for the quarter.

Rexnord Corporation (NYSE:RXN) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Rexnord Corporation had a net margin of 4.22% and a return on equity of 14.27%. The firm had revenue of $487.70 million during the quarter, compared to the consensus estimate of $484.20 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. On average, analysts expect Rexnord Corporation to post $1.27 EPS for the current fiscal year and $1.52 EPS for the next fiscal year.

Shares of Rexnord Corporation (RXN) opened at 25.94 on Wednesday. The stock’s 50 day moving average is $25.25 and its 200 day moving average is $23.96. Rexnord Corporation has a 1-year low of $15.80 and a 1-year high of $26.24. The company has a market cap of $2.69 billion, a P/E ratio of 39.30 and a beta of 1.63.

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RXN has been the subject of several analyst reports. Janney Montgomery Scott initiated coverage on shares of Rexnord Corporation in a research note on Friday, July 21st. They issued a “buy” rating and a $27.00 price target for the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rexnord Corporation in a report on Thursday, September 28th. Zacks Investment Research lowered shares of Rexnord Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Robert W. Baird set a $27.00 price objective on shares of Rexnord Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, BidaskClub lowered shares of Rexnord Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Rexnord Corporation has a consensus rating of “Hold” and a consensus price target of $26.00.

In other news, insider Michael Troutman sold 22,914 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $24.15, for a total value of $553,373.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.50% of the company’s stock.

Rexnord Corporation 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.

Earnings History for Rexnord Corporation (NYSE:RXN)

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