Rexnord Corp (RXN) Analysts See $0.32 EPS

October 13, 2017 - By Richard Conner

 Rexnord Corp (RXN) Analysts See $0.32 EPS
Investors sentiment increased to 1.48 in Q2 2017. Its up 0.49, from 0.99 in 2017Q1. It improved, as 16 investors sold Rexnord Corp shares while 45 reduced holdings. 37 funds opened positions while 53 raised stakes. 104.65 million shares or 0.35% more from 104.29 million shares in 2017Q1 were reported.
Point72 Asia (Hong Kong) Ltd holds 0% or 4 shares. Sei has 236,671 shares for 0.02% of their portfolio. Moreover, Nationwide Fund Advisors has 0.01% invested in Rexnord Corp (NYSE:RXN). Prudential Financial Inc holds 9,900 shares or 0% of its portfolio. State Of New Jersey Common Pension Fund D invested in 1.68M shares. Credit Agricole S A reported 1.06 million shares stake. Vantage Inv Advsrs Limited holds 0.01% of its portfolio in Rexnord Corp (NYSE:RXN) for 1,750 shares. Ubs Asset Management Americas accumulated 0% or 1.55M shares. Moreover, Etrade Capital Limited Company has 0.02% invested in Rexnord Corp (NYSE:RXN) for 20,235 shares. Cubist Systematic Strategies Ltd Llc holds 0% in Rexnord Corp (NYSE:RXN) or 2,010 shares. Piermont Capital Management Inc invested 0.25% of its portfolio in Rexnord Corp (NYSE:RXN). Price T Rowe Assoc Incorporated Md accumulated 1.69M shares. Schwab Charles Invest Mngmt Inc invested 0.01% in Rexnord Corp (NYSE:RXN). Moreover, Bronson Point Mngmt Limited Com has 5.09% invested in Rexnord Corp (NYSE:RXN) for 490,000 shares. Legal & General Group Incorporated Plc owns 72,376 shares or 0% of their US portfolio.

Since May 22, 2017, it had 1 buying transaction, and 0 insider sales for $17,355 activity.

Wall Street await Rexnord Corp (NYSE:RXN) to release earnings on November, 1. Analysts forecast earnings per share of $0.32, down exactly $0.06 or 15.79 % from 2014’s $0.38 EPS. The expected RXN’s profit could reach $33.23 million giving the stock 20.31 P/E in the case that $0.32 earnings per share is reported. After posting $0.27 EPS for the previous quarter, Rexnord Corp’s analysts now forecast 18.52 % EPS growth. The stock increased 1.88% or $0.48 during the last trading session, reaching $26. About 868,218 shares traded. Rexnord Corp (NYSE:RXN) has risen 17.47% since October 14, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Rexnord Corp (NYSE:RXN) Ratings Coverage

Among 8 analysts covering Rexnord Corporation (NYSE:RXN), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Rexnord Corporation had 20 analyst reports since August 6, 2015 according to SRatingsIntel. Robert W. Baird maintained it with “Buy” rating and $27.0 target in Thursday, August 24 report. The firm has “Hold” rating given on Thursday, August 6 by Deutsche Bank. Robert W. Baird upgraded it to “Outperform” rating and $21 target in Tuesday, November 8 report. The stock has “Neutral” rating by Wedbush on Thursday, February 4. As per Monday, October 24, the company rating was upgraded by Barclays Capital. The firm earned “Equalweight” rating on Monday, July 18 by Barclays Capital. The stock of Rexnord Corp (NYSE:RXN) earned “Neutral” rating by Robert W. Baird on Thursday, June 23. The stock has “Market Perform” rating by Oppenheimer on Thursday, October 15. The firm earned “Buy” rating on Tuesday, November 3 by SunTrust. Oppenheimer maintained the stock with “Outperform” rating in Thursday, August 6 report.

Rexnord Corporation is a multi-platform industrial company. The company has market cap of $2.70 billion. The Firm operates through two divisions: Process & Motion Control platform, and Water Management platform. It has a 39.85 P/E ratio. The Process & Motion Control platform designs, makes, markets and services a range of engineered mechanical components used within systems.

More recent Rexnord Corp (NYSE:RXN) news were published by: Areadevelopment.com which released: “Rexnord Corporation Plans Manufacturing Hub-Aerospace Headquarters in Downers …” on September 14, 2017. Also Prnewswire.com published the news titled: “Rexnord Corporation to Build New Aerospace Facility in Downers Grove” on September 19, 2017. Biztimes.com‘s news article titled: “Rexnord acquires World Dryer Corp.” with publication date: October 10, 2017 was also an interesting one.

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