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NYSE:RXNRexnord Stock Price, Forecast & News

$30.10
-0.07 (-0.23 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$29.53
Now: $30.10
$30.23
50-Day Range
$23.56
MA: $26.46
$31.19
52-Week Range
$18.87
Now: $30.10
$35.64
Volume744,104 shs
Average Volume831,896 shs
Market Capitalization$3.60 billion
P/E Ratio20.62
Dividend Yield1.06%
Beta1.58
Rexnord Corp. engages in the manufacture of engineered power transmission, aerospace, and other precision motion technology products. It operates through the Process and Motion Control, and Water Management segments. The Process and Motion Control segment designs, manufactures and markets engineered mechanical components such as gears, couplings, industrial, aerospace bearings, and seals which are used within complex systems. The Water Management segment designs, procures, manufactures and markets products for water quality, safety, flow control enhancements, and conservation. The company was founded by Christopher W. Levalley, F. W. Sivyer and W. A. Draves in 1891 and is headquartered in Milwaukee, WI.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.90 out of 5 stars


Industry, Sector and Symbol

Industry General industrial machinery & equipment
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
CUSIP76169B10
Phone414-643-3739

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.07 billion
Cash Flow$2.77 per share
Book Value$10.97 per share

Profitability

Net Income$180.10 million

Miscellaneous

Employees6,800
Market Cap$3.60 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Rexnord (NYSE:RXN) Frequently Asked Questions

How has Rexnord's stock been impacted by COVID-19 (Coronavirus)?

Rexnord's stock was trading at $26.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RXN shares have increased by 12.5% and is now trading at $30.10. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Rexnord?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rexnord in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Rexnord.

When is Rexnord's next earnings date?

Rexnord is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Rexnord.

How were Rexnord's earnings last quarter?

Rexnord Corp (NYSE:RXN) posted its quarterly earnings results on Tuesday, May, 12th. The industrial products company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. The industrial products company earned $547 million during the quarter, compared to the consensus estimate of $546.68 million. Rexnord had a net margin of 8.71% and a return on equity of 18.93%. The business's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 EPS. View Rexnord's earnings history.

How often does Rexnord pay dividends? What is the dividend yield for Rexnord?

Rexnord declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.08 per share on Monday, June 8th. This represents a $0.32 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Tuesday, May 19th. View Rexnord's dividend history.

What guidance has Rexnord issued on next quarter's earnings?

Rexnord issued an update on its first quarter 2021 After-Hours earnings guidance on Tuesday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $391.391-416.806 million, compared to the consensus revenue estimate of $420.86 million.

What price target have analysts set for RXN?

7 analysts have issued 12 month target prices for Rexnord's stock. Their forecasts range from $24.00 to $42.00. On average, they anticipate Rexnord's share price to reach $31.67 in the next year. This suggests a possible upside of 5.2% from the stock's current price. View analysts' price targets for Rexnord.

Has Rexnord been receiving favorable news coverage?

Media stories about RXN stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Rexnord earned a news sentiment score of -4.6 on InfoTrie's scale. They also gave media stories 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 the latest news aboutRexnord.

Who are some of Rexnord's key competitors?

What other stocks do shareholders of Rexnord own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rexnord investors own include Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), AMC Entertainment (AMC), Ciena (CIEN), Bristol-Myers Squibb (BMY), TriMas (TRS), Walgreens Boots Alliance (WBA), Exxon Mobil (XOM) and Zynga (ZNGA).

Who are Rexnord's key executives?

Rexnord's management team includes the following people:
  • Todd Alan Adams, President, Chief Executive Officer & Director
  • Mark W. Peterson, CFO, Principal Accounting Officer & Senior VP
  • Michael D Troutman, Chief Information Officer
  • Patricia Mengler Whaley, Secretary, Vice President & General Counsel
  • Rodney Jackson, Senior VP-Business & Corporate Development

What is Rexnord's stock symbol?

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

Who are Rexnord's major shareholders?

Rexnord's stock is owned by many different institutional and retail investors. Top institutional investors include Janus Henderson Group PLC (12.90%), BlackRock Inc. (6.64%), Wellington Management Group LLP (5.91%), Impax Asset Management Group plc (4.02%), Capital World Investors (4.03%) and Franklin Resources Inc. (2.76%). Company insiders that own Rexnord stock include Craig Wehr, David C Longren, George J Powers, John S Stroup, Kevin J Zaba, 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.

Which major investors are selling Rexnord stock?

RXN stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Two Sigma Investments LP, Jennison Associates LLC, Morgan Stanley, Federated Hermes Inc., Rice Hall James & Associates LLC, Janus Henderson Group PLC, and Deutsche Bank AG. Company insiders that have sold Rexnord company stock in the last year include Craig Wehr, George J Powers, John S Stroup, Kevin J Zaba, Mark W Peterson, Michael Troutman, Patricia M Whaley, and Todd A Adams. View insider buying and selling activity for Rexnord.

Which major investors are buying Rexnord stock?

RXN stock was acquired by a variety of institutional investors in the last quarter, including Advisory Research Inc., Assenagon Asset Management S.A., Lodge Hill Capital LLC, Nuveen Asset Management LLC, Impax Asset Management Group plc, Comerica Bank, Castleark Management LLC, and Natixis Advisors L.P.. 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 activity for Rexnord.

How do I buy shares of 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.

What is Rexnord's stock price today?

One share of RXN stock can currently be purchased for approximately $30.10.

How big of a company is Rexnord?

Rexnord has a market capitalization of $3.60 billion and generates $2.07 billion in revenue each year. The industrial products company earns $180.10 million in net income (profit) each year or $2.01 on an earnings per share basis. Rexnord employs 6,800 workers across the globe.

What is Rexnord's official website?

The official website for Rexnord is www.rexnordcorporation.com.

How can I contact Rexnord?

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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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