Equities analysts expect that Rexnord Corp (NYSE:RXN) will announce earnings per share of $0.41 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Rexnord’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.38. Rexnord posted earnings per share of $0.32 in the same quarter last year, which suggests a positive year-over-year growth rate of 28.1%. The company is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, October 30th.

On average, analysts expect that Rexnord will report full year earnings of $1.70 per share for the current year, with EPS estimates ranging from $1.54 to $1.84. For the next year, analysts anticipate that the business will post earnings of $1.96 per share, with EPS estimates ranging from $1.87 to $2.08. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Rexnord.

Rexnord (NYSE:RXN) last issued its quarterly earnings data on Monday, July 30th. The industrial products company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The firm had revenue of $503.60 million for the quarter, compared to analysts’ expectations of $505.18 million. Rexnord had a net margin of 2.34% and a return on equity of 14.99%. The firm’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 EPS.

A number of equities research analysts recently commented on the stock. ValuEngine cut shares of Rexnord from a “buy” rating to a “hold” rating in a research note on Thursday. Oppenheimer upped their target price on shares of Rexnord from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Goldman Sachs Group assumed coverage on shares of Rexnord in a report on Tuesday, October 2nd. They issued a “neutral” rating and a $31.00 target price on the stock. KeyCorp upped their target price on shares of Rexnord from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, July 31st. Finally, Bank of America upped their target price on shares of Rexnord from $32.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Rexnord presently has a consensus rating of “Buy” and an average price target of $32.71.

Shares of NYSE RXN opened at $25.80 on Friday. The stock has a market capitalization of $2.76 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50. Rexnord has a 52 week low of $22.89 and a 52 week high of $32.11. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.62 and a current ratio of 2.40.

Large investors have recently added to or reduced their stakes in the business. Moors & Cabot Inc. purchased a new position in Rexnord in the 1st quarter valued at about $200,000. Dynamic Technology Lab Private Ltd purchased a new position in Rexnord in the 1st quarter valued at about $208,000. Element Capital Management LLC purchased a new position in shares of Rexnord during the 1st quarter worth about $272,000. SG Americas Securities LLC lifted its holdings in shares of Rexnord by 22.3% during the 2nd quarter. SG Americas Securities LLC now owns 9,266 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 1,692 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Rexnord during the 2nd quarter worth about $314,000.

About Rexnord

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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