Rexnord Corporation (RXN) Analysts See $0.28 EPS

January 22, 2018 - By Adrian Erickson

 Rexnord Corporation (RXN) Analysts See $0.28 EPS
Investors sentiment increased to 1.53 in 2017 Q3. Its up 0.05, from 1.48 in 2017Q2. It improved, as 14 investors sold Rexnord Corporation shares while 46 reduced holdings. 34 funds opened positions while 58 raised stakes. 103.44 million shares or 1.16% less from 104.65 million shares in 2017Q2 were reported.
Vanguard Grp holds 8.43 million shares. Northern reported 0.01% of its portfolio in Rexnord Corporation (NYSE:RXN). Fifth Third Bancshares reported 1,794 shares stake. Quantitative Systematic Strategies Limited Liability stated it has 11,351 shares or 0.08% of all its holdings. 46,101 are owned by Voya Inv Mngmt Limited Liability. Us Bancshares De accumulated 5,821 shares or 0% of the stock. Moody State Bank Trust Division has invested 0.02% in Rexnord Corporation (NYSE:RXN). Public Sector Pension Inv Board holds 36,268 shares or 0% of its portfolio. Gotham Asset Management Lc has invested 0.12% in Rexnord Corporation (NYSE:RXN). 29,771 were accumulated by Mackenzie. Sg Americas Secs Ltd reported 23,536 shares stake. Great West Life Assurance Can stated it has 10,925 shares or 0% of all its holdings. Susquehanna Gp Ltd Liability Partnership holds 21,902 shares. Geode Cap Mgmt Ltd Com owns 849,038 shares. Price T Rowe Associates Md, a Maryland-based fund reported 1.67 million shares.

Since September 6, 2017, it had 0 insider purchases, and 2 insider sales for $556,410 activity.

Analysts expect Rexnord Corporation (NYSE:RXN) to report $0.28 EPS on February, 7.They anticipate $0.03 EPS change or 12.00 % from last quarter’s $0.25 EPS. RXN’s profit would be $29.10M giving it 25.38 P/E if the $0.28 EPS is correct. After having $0.32 EPS previously, Rexnord Corporation’s analysts see -12.50 % EPS growth. The stock decreased 1.18% or $0.34 during the last trading session, reaching $28.42. About 47,804 shares traded. Rexnord Corporation (NYSE:RXN) has risen 17.47% since January 22, 2017 and is uptrending. It has outperformed by 0.77% the S&P500.

Rexnord Corporation (NYSE:RXN) Ratings Coverage

Among 9 analysts covering Rexnord Corporation (NYSE:RXN), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Rexnord Corporation has $33.0 highest and $16 lowest target. $26.56’s average target is -6.54% below currents $28.42 stock price. Rexnord Corporation had 26 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was initiated by Suntrust Robinson on Tuesday, November 3 with “Buy”. The stock has “Outperform” rating by Robert W. Baird on Tuesday, November 8. The firm earned “Neutral” rating on Thursday, February 4 by Wedbush. As per Tuesday, November 3, the company rating was initiated by SunTrust. Robert W. Baird maintained the stock with “Buy” rating in Thursday, August 24 report. As per Monday, July 18, the company rating was maintained by Barclays Capital. The stock has “Neutral” rating by Robert W. Baird on Thursday, June 23. The stock of Rexnord Corporation (NYSE:RXN) earned “Hold” rating by Deutsche Bank on Thursday, August 6. Robert W. Baird maintained it with “Buy” rating and $33.0 target in Monday, January 8 report. SunTrust maintained the shares of RXN in report on Thursday, October 26 with “Buy” rating.

Rexnord Corporation designs, manufactures, and markets process and motion control, and water management products worldwide. The company has market cap of $2.95 billion. The firm operates in two divisions, Process & Motion Control Platform and Water Management Platform. It has a 44.34 P/E ratio. It offers table top conveying chain and related accessories, metal conveying and engineered woven metals, gearing and gear drives, conveying equipment, industrial chains, 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, such as couplings, torque limiters, electromagnetic clutches and brakes, industrial bearings, and shaft locking assemblies.

More notable recent Rexnord Corporation (NYSE:RXN) news were published by: Twst.com which released: “Rexnord Corporation: Rexnord Schedules Q3 FY2018 Earnings Release and Investor …” on January 17, 2018, also Businesswire.com with their article: “Rexnord Corporation to Acquire Centa Power Transmission” published on January 08, 2018, Reuters.com published: “Trump rebukes Rexnord again for moving jobs to Mexico” on May 08, 2017. More interesting news about Rexnord Corporation (NYSE:RXN) were released by: Biztimes.com and their article: “Rexnord acquires World Dryer Corp.” published on October 10, 2017 as well as Indystar.com‘s news article titled: “Rexnord’s Indianapolis plant closing delayed until September” with publication date: June 23, 2017.

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