EPS for Rexnord Corp (RXN) Expected At $0.32

October 13, 2017 - By Kurt Siggers

 EPS for Rexnord Corp (RXN) Expected At $0.32
Investors sentiment increased to 1.48 in 2017 Q2. Its up 0.49, from 0.99 in 2017Q1. It is positive, 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.
Stevens Ltd Partnership has 0.01% invested in Rexnord Corp (NYSE:RXN) for 15,921 shares. Amer Interest Inc reported 0.01% in Rexnord Corp (NYSE:RXN). Suffolk Capital Ltd Llc invested in 61,631 shares. Kbc Group Nv stated it has 162,354 shares. Hutchin Hill Capital Lp owns 145,900 shares. Alliancebernstein L P invested in 182,323 shares or 0% of the stock. Great Lakes Advsrs Llc invested in 215,251 shares or 0.12% of the stock. Deutsche Savings Bank Ag owns 278,828 shares. Etrade Cap Limited Liability stated it has 0.02% in Rexnord Corp (NYSE:RXN). Wolverine Asset Management Lc reported 0% of its portfolio in Rexnord Corp (NYSE:RXN). Price T Rowe Md invested in 0.01% or 1.69 million shares. Northern Trust has 1.29 million shares. Natl Registered Investment Advisor stated it has 0.15% of its portfolio in Rexnord Corp (NYSE:RXN). Ameritas Prns Incorporated invested in 0.01% or 9,142 shares. Water Asset Mgmt accumulated 5.41% or 543,573 shares.

Since May 22, 2017, it had 1 buy, and 0 selling transactions for $17,355 activity.

Analysts await Rexnord Corp (NYSE:RXN) to report earnings on November, 1. They expect $0.32 earnings per share, down 15.79 % or $0.06 from last year’s $0.38 per share. RXN’s profit will be $33.23 million for 20.31 P/E if the $0.32 EPS becomes a reality. After $0.27 actual earnings per share reported by Rexnord Corp for the previous quarter, Wall Street now forecasts 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 the shares of RXN in report on Thursday, August 24 with “Buy” rating. The rating was maintained by Deutsche Bank on Thursday, August 6 with “Hold”. The firm has “Buy” rating given on Tuesday, November 3 by SunTrust. The stock of Rexnord Corp (NYSE:RXN) earned “Equal-Weight” rating by Barclays Capital on Monday, October 5. Barclays Capital upgraded the stock to “Overweight” rating in Monday, October 24 report. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, June 23. The stock of Rexnord Corp (NYSE:RXN) earned “Buy” rating by Suntrust Robinson on Tuesday, November 3. The stock has “Outperform” rating by Robert W. Baird on Tuesday, November 8. Wedbush maintained it with “Neutral” rating and $20 target in Thursday, February 4 report. On Thursday, August 6 the stock rating was maintained by Oppenheimer with “Outperform”.

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

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