Rexnord (RXN) Stock Price, News & Analysis

Rexnord Co. (NYSE:RXN) announced its quarterly earnings data on Thursday, August, 5th. The industrial products company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.08. The industrial products company earned $568.30 million during the quarter, compared to the consensus estimate of $543.91 million. Rexnord had a trailing twelve-month return on equity of 15.79% and a net margin of 9.90%. The business's revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share.

Rexnord (NYSE:RXN) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.55%. The dividend payout ratio is 28.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RXN will have a dividend payout ratio of 15.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RXN.

173 employees have rated Rexnord Chief Executive Officer Todd A. Adams on Glassdoor.com. Todd A. Adams has an approval rating of 41% among the company's employees. This puts Todd A. Adams in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rexnord investors own include Ciena (CIEN), Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Advanced Micro Devices (AMD), Apollo Global Management (APO), AMC Entertainment (AMC), Bristol-Myers Squibb (BMY), TriMas (TRS) and Exxon Mobil (XOM).