Wall Street analysts expect Rexnord Corp (NYSE:RXN) to report sales of $481.58 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Rexnord’s earnings. The highest sales estimate is $488.10 million and the lowest is $474.60 million. Rexnord posted sales of $451.80 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The firm 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 year, with estimates ranging from $1.99 billion to $2.03 billion. For the next financial year, analysts forecast that the business 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 an average based on a survey of sell-side analysts that cover Rexnord.
Rexnord (NYSE:RXN) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Rexnord had a net margin of 4.45% and a return on equity of 12.03%. The company had revenue of $510.80 million during the quarter, compared to analyst estimates of $505.75 million. During the same period in the previous year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis.
Shares of Rexnord (NYSE RXN) traded up $0.12 during midday trading on Thursday, reaching $26.34. 603,100 shares of the company were exchanged, compared to its average volume of 901,298. Rexnord has a 52 week low of $20.00 and a 52 week high of $26.52. The stock has a market cap of $2,740.00, a price-to-earnings ratio of 41.16, a P/E/G ratio of 2.07 and a beta of 1.65. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.23 and a current ratio of 3.08.
Institutional investors and hedge funds have recently made changes to their positions in the business. Manchester Capital Management LLC raised its stake 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 during the last quarter. Parametrica Management Ltd purchased a new stake in Rexnord during the 3rd quarter valued at $212,000. Teacher Retirement System of Texas purchased a new stake in Rexnord during the 3rd quarter valued at $219,000. Ameritas Investment Partners Inc. raised its stake in Rexnord by 27.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,142 shares of the industrial products company’s stock valued at $213,000 after buying an additional 1,981 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in Rexnord during the 2nd quarter valued at $230,000.
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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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