Equities analysts expect that Rexnord Corp (NYSE:RXN) will announce $481.58 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Rexnord’s earnings. The lowest sales estimate is $474.60 million and the highest is $488.10 million. Rexnord reported sales of $451.80 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.6%. The company is expected to announce its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Rexnord will report full-year sales of $481.58 million for the current financial year, with estimates ranging from $1.99 billion to $2.03 billion. For the next financial year, analysts forecast that the firm will post sales of $2.10 billion per share, with estimates ranging from $2.06 billion to $2.13 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Rexnord.

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

Several analysts recently issued reports on the company. Zacks Investment Research raised Rexnord from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Oppenheimer reissued a “hold” rating on shares of Rexnord in a research note on Thursday, September 28th. TheStreet downgraded Rexnord from a “b-” rating to a “c+” rating in a research note on Wednesday, November 15th. Finally, Robert W. Baird set a $27.00 target price on Rexnord and gave the company a “buy” rating in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.00.

Rexnord (RXN) traded up $0.32 during midday trading on Thursday, hitting $24.92. The stock had a trading volume of 1,515,226 shares, compared to its average volume of 909,760. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.08 and a quick ratio of 2.23. Rexnord has a 1 year low of $19.32 and a 1 year high of $26.24. The company has a market capitalization of $2,523.30, a P/E ratio of 20.40, a P/E/G ratio of 1.93 and a beta of 1.65.

In other Rexnord news, insider Michael Troutman sold 22,914 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $24.15, for a total transaction of $553,373.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC grew its holdings in Rexnord by 171.6% during the 2nd quarter. Manchester Capital Management LLC now owns 5,540 shares of the industrial products company’s stock valued at $129,000 after buying an additional 3,500 shares in the last quarter. Strs Ohio purchased a new position in Rexnord during the 2nd quarter valued at approximately $139,000. US Bancorp DE grew its holdings in Rexnord by 79.9% during the 2nd quarter. US Bancorp DE now owns 6,074 shares of the industrial products company’s stock valued at $141,000 after buying an additional 2,697 shares in the last quarter. MUFG Americas Holdings Corp purchased a new position in Rexnord during the 2nd quarter valued at approximately $211,000. Finally, Parametrica Management Ltd purchased a new position in Rexnord during the 3rd quarter valued at approximately $212,000.

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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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Earnings History and Estimates for Rexnord (NYSE:RXN)

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