Rexnord Corp Expected to Earn Q4 2019 Earnings of $0.48 Per Share (RXN)
Rexnord Corp (NYSE:RXN) – SunTrust Banks issued their Q4 2019 EPS estimates for Rexnord in a report issued on Wednesday. SunTrust Banks analyst C. Brady expects that the industrial products company will post earnings of $0.48 per share for the quarter.
Rexnord (NYSE:RXN) last issued its quarterly earnings data 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. Rexnord had a net margin of 4.45% and a return on equity of 12.03%. The firm had revenue of $510.80 million for the quarter, compared to analysts’ expectations of $505.75 million. During the same quarter in the prior year, the business earned $0.38 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis.
Shares of Rexnord (NYSE:RXN) traded down $0.27 during trading hours on Friday, hitting $27.84. 489,677 shares of the stock traded hands, compared to its average volume of 905,656. Rexnord has a 52-week low of $20.75 and a 52-week high of $28.44. The company has a quick ratio of 2.23, a current ratio of 3.08 and a debt-to-equity ratio of 1.37. The company has a market cap of $2,890.00, a PE ratio of 43.50, a PEG ratio of 2.10 and a beta of 1.65.
A number of institutional investors have recently added to or reduced their stakes in RXN. Parametrica Management Ltd purchased a new stake in Rexnord in the 3rd quarter worth approximately $212,000. Ameritas Investment Partners Inc. increased its holdings in Rexnord by 27.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,142 shares of the industrial products company’s stock worth $213,000 after acquiring an additional 1,981 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Rexnord in the 3rd quarter worth approximately $219,000. Prudential Financial Inc. purchased a new stake in Rexnord in the 2nd quarter worth approximately $230,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Rexnord in the 3rd quarter worth approximately $288,000.
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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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