Rexnord (RXN) to Release Quarterly Earnings on Tuesday

Rexnord (NYSE:RXN) will announce its earnings results after the market closes on Tuesday, October 30th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.

Rexnord (NYSE:RXN) last posted its quarterly earnings data on Monday, July 30th. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The firm had revenue of $503.60 million during the quarter, compared to analyst estimates of $505.18 million. Rexnord had a net margin of 2.34% and a return on equity of 14.99%. Rexnord’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. On average, analysts expect Rexnord to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE RXN opened at $24.50 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.40 and a quick ratio of 1.62. The company has a market cap of $2.56 billion, a P/E ratio of 17.63, a PEG ratio of 0.88 and a beta of 1.50. Rexnord has a 52 week low of $22.89 and a 52 week high of $32.11.

Several research firms have weighed in on RXN. KeyCorp boosted their target price on shares of Rexnord from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. Bank of America boosted their target price on shares of Rexnord from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Goldman Sachs Group began coverage on shares of Rexnord in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $31.00 target price on the stock. Oppenheimer reissued a “buy” rating and set a $35.00 target price on shares of Rexnord in a research report on Monday, July 30th. Finally, TheStreet downgraded shares of Rexnord from a “b” rating to a “c+” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.71.

Rexnord Company Profile

Rexnord Corporation designs, manufactures, and markets process and motion control, and water management products worldwide. It operates in two segments, Process & Motion Control Platform and Water Management Platform. The company offers table top conveying chain and related accessories, metal conveying and engineered woven metals, gearing and gear drives, conveying equipment, industrial chain, and custom assemblies; custom-engineered, application-specific miniature gearboxes, and motion control assemblies and components used in aerospace, defense, medical equipment, robotics, semiconductor, instrumentation, and satellite communications; and shaft management products, including couplings, torque limiters, electromagnetic clutches and brakes, industrial bearings, and shaft locking assemblies.

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Earnings History for Rexnord (NYSE:RXN)

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