Wall Street analysts expect Rexnord Corporation (NYSE:RXN) to report $481.58 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Rexnord Corporation’s earnings. The lowest sales estimate is $474.60 million and the highest is $488.10 million. Rexnord Corporation reported sales of $451.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.6%. The firm is expected to issue its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Rexnord Corporation will report full year sales of $481.58 million for the current year, with estimates ranging from $1.99 billion to $2.03 billion. For the next financial year, analysts anticipate that the company will report sales of $2.10 billion per share, with estimates ranging from $2.06 billion to $2.13 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Rexnord Corporation.

Rexnord Corporation (NYSE:RXN) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. Rexnord Corporation had a net margin of 4.45% and a return on equity of 12.03%. The company had revenue of $510.80 million for the quarter, compared to analyst estimates of $505.75 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Rexnord Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Rexnord Corporation in a research report on Thursday, September 28th. Robert W. Baird set a $27.00 price target on shares of Rexnord Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. BidaskClub lowered shares of Rexnord Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Janney Montgomery Scott assumed coverage on shares of Rexnord Corporation in a research report on Friday, July 21st. They issued a “buy” rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.00.

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Shares of Rexnord Corporation (NYSE:RXN) opened at $24.10 on Friday. Rexnord Corporation has a 12-month low of $19.32 and a 12-month high of $26.24. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.08 and a quick ratio of 2.23. The stock has a market cap of $2,529.54, a P/E ratio of 20.45, a PEG ratio of 1.94 and a beta of 1.65.

In related news, insider Michael Troutman sold 22,914 shares of the business’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 transaction of $553,373.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Verition Fund Management LLC grew its stake in Rexnord Corporation by 3.2% during the second quarter. Verition Fund Management LLC now owns 20,939 shares of the industrial products company’s stock valued at $487,000 after acquiring an additional 641 shares in the last quarter. California Public Employees Retirement System grew its stake in Rexnord Corporation by 0.3% during the second quarter. California Public Employees Retirement System now owns 230,400 shares of the industrial products company’s stock valued at $5,357,000 after acquiring an additional 800 shares in the last quarter. Aperio Group LLC grew its stake in Rexnord Corporation by 11.9% during the second quarter. Aperio Group LLC now owns 9,774 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 1,043 shares in the last quarter. Principal Financial Group Inc. grew its stake in Rexnord Corporation by 1.8% during the first quarter. Principal Financial Group Inc. now owns 99,776 shares of the industrial products company’s stock valued at $2,303,000 after acquiring an additional 1,732 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in Rexnord Corporation by 27.7% during the second quarter. Ameritas Investment Partners Inc. now owns 9,142 shares of the industrial products company’s stock valued at $213,000 after acquiring an additional 1,981 shares in the last quarter.

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.

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Earnings History and Estimates for Rexnord Corporation (NYSE:RXN)

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