Rexnord Stock Price, Forecast & Analysis (NYSE:RXN)

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

Rexnord Corp (NYSE:RXN) issued its quarterly earnings results on Tuesday, October, 29th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The industrial products company had revenue of $521.30 million for the quarter, compared to analyst estimates of $524.39 million. Rexnord had a return on equity of 19.40% and a net margin of 8.56%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. 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 brokerages have issued 12 month price objectives for Rexnord's shares. Their forecasts range from $25.00 to $35.00. On average, they anticipate Rexnord's stock price to reach $29.50 in the next twelve months. This suggests that the stock has a possible downside of 1.9%. 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.

News coverage about RXN stock has been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Rexnord earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Rexnord.

Rexnord saw a increase in short interest in October. As of October 31st, there was short interest totalling 7,480,000 shares, an increase of 20.8% from the September 30th total of 6,190,000 shares. Based on an average trading volume of 941,200 shares, the short-interest ratio is currently 7.9 days. Approximately 7.1% of the shares of the company are short sold. 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), Donaldson (DCI), Woodward, Inc.Common Stock (WWD), Gardner Denver (GDI) and Middleby (MIDD).

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

Rexnord's stock is owned by many different of retail and institutional investors. Top institutional investors include 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%), Crescent Grove Advisors LLC (0.46%) and Rice Hall James & Associates LLC (0.45%). 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, Envestnet Asset Management Inc., Rice Hall James & Associates LLC, SG Americas Securities LLC, Chicago Equity Partners LLC, Daiwa Securities Group Inc. and CIBC Private Wealth Group LLC. 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 purchased 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 $30.07.

Rexnord has a market capitalization of $3.19 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]