Media stories about Rexnord Corporation (NYSE:RXN) have been trending positive recently, according to Alpha One Sentiment Analysis. The research firm, a unit of Accern, scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rexnord Corporation earned a news sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned media stories about the industrial products company an impact score of 87 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the near future.
Several research firms recently weighed in on RXN. BidaskClub upgraded Rexnord Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded Rexnord Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 22nd. TheStreet upgraded Rexnord Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rexnord Corporation in a research report on Thursday, May 18th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.25.
Rexnord Corporation (RXN) traded up 0.609% on Tuesday, reaching $23.945. The company’s stock had a trading volume of 545,933 shares. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 37.414 and a beta of 1.61. The company has a 50 day moving average of $23.44 and a 200 day moving average of $22.39. Rexnord Corporation has a 52 week low of $15.80 and a 52 week high of $25.00.
Rexnord Corporation (NYSE:RXN) last announced its quarterly earnings data on Wednesday, May 17th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Rexnord Corporation had a net margin of 3.86% and a return on equity of 17.34%. The company had revenue of $503.60 million during the quarter, compared to analysts’ expectations of $493.65 million. During the same quarter in the prior year, the company posted $0.37 EPS. The business’s revenue was up 2.2% on a year-over-year basis. On average, analysts forecast that Rexnord Corporation will post $1.32 earnings per share for the current year.
In other news, CEO Todd A. Adams sold 33,000 shares of the stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $22.89, for a total value of $755,370.00. Following the completion of the transaction, the chief executive officer now owns 168,713 shares in the company, valued at approximately $3,861,840.57. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.50% of the company’s stock.
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Rexnord Corporation Company Profile
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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