NYSE:RXN - Rexnord Stock Price, Forecast & News

Rexnord trades on the New York Stock Exchange (NYSE) under the ticker symbol "RXN."

Rexnord Corp (NYSE:RXN) released its quarterly earnings results on Tuesday, October, 29th. The industrial products company reported $0.51 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.47 by $0.04. The industrial products company earned $521.30 million during the quarter, compared to analysts' expectations of $524.39 million. Rexnord had a return on equity of 19.40% and a net margin of 8.56%. The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. View Rexnord's Earnings History.

Rexnord is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Rexnord.

6 equities research analysts have issued 12 month target prices for Rexnord's shares. Their forecasts range from $25.00 to $35.00. On average, they expect Rexnord's stock price to reach $30.20 in the next twelve months. This suggests that the stock has a possible downside of 5.2%. View Analyst Price Targets for Rexnord.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rexnord in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Rexnord.

Media stories about RXN stock have trended very positive on Friday, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Rexnord earned a coverage optimism score of 3.3 on InfoTrie's scale. They also assigned news stories about the industrial products company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Rexnord.

Rexnord saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 7,480,000 shares, an increase of 20.8% from the October 31st total of 6,190,000 shares. Based on an average trading volume of 941,200 shares, the days-to-cover ratio is presently 7.9 days. Currently, 7.1% of the company's shares are sold short. View Rexnord's Current Options Chain.

Some companies that are related to Rexnord include Illinois Tool Works (ITW), Ingersoll-Rand (IR), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Pentair (PNR), Woodward, Inc.Common Stock (WWD), Donaldson (DCI), Gardner Denver (GDI) and Middleby (MIDD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Rexnord investors own include Intelsat (I), Fossil Group (FOSL), Bank of America (BAC), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC), Ciena (CIEN), tronc (TRNC), Zynga (ZNGA) and Bristol-Myers Squibb (BMY).

Rexnord's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (2.04%), TimesSquare Capital Management LLC (1.93%), Robecosam AG (0.98%), Wedge Capital Management L L P NC (0.67%), First Trust Advisors LP (0.49%) and Crescent Grove Advisors LLC (0.46%). Company insiders that own Rexnord stock include Craig Wehr, David C Longren, George J Powers, Mark W Peterson, Michael Troutman, Patricia M Whaley, Rodney Jackson, Sudhanshu Chhabra, Theodore D Crandall and Todd A Adams. View Institutional Ownership Trends for Rexnord.

RXN stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Skyline Asset Management LP, Water Asset Management LLC, Point72 Asset Management L.P., Envestnet Asset Management Inc., Rice Hall James & Associates LLC, Barclays PLC and Man Group plc. Company insiders that have sold Rexnord company stock in the last year include Craig Wehr, George J Powers, Mark W Peterson, Michael Troutman, Patricia M Whaley, Rodney Jackson, Sudhanshu Chhabra and Todd A Adams. View Insider Buying and Selling for Rexnord.

RXN stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Comerica Bank, First Trust Advisors LP, TimesSquare Capital Management LLC, Crescent Grove Advisors LLC, California Public Employees Retirement System, Boston Advisors LLC and Russell Investments Group Ltd.. Company insiders that have bought Rexnord stock in the last two years include David C Longren and Theodore D Crandall. View Insider Buying and Selling for Rexnord.

Shares of RXN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of RXN stock can currently be purchased for approximately $31.86.

Rexnord has a market capitalization of $3.38 billion and generates $2.05 billion in revenue each year. The industrial products company earns $34.30 million in net income (profit) each year or $1.85 on an earnings per share basis. Rexnord employs 6,700 workers across the globe.View Additional Information About Rexnord.

The official website for Rexnord is http://www.rexnordcorporation.com/.

Rexnord's mailing address is 511 WEST FRESHWATER WAY, MILWAUKEE WI, 53204. The industrial products company can be reached via phone at 414-643-3739 or via email at [email protected]