Rexnord Corp (RXN) Set to Announce Earnings on Tuesday
Resource from: Dakota Financial News Likes:154
Aug 03,2015
Rexnord Corp (NYSE:RXN) is scheduled to be posting its Q116 quarterly earnings results on Tuesday, August 4th. Analysts expect Rexnord Corp to post earnings of $0.28 per share and revenue of $473.17 million for the quarter. Rexnord Corp has set its Q1 guidance at $0.26-0.28 EPS and its FY16 guidance at $1.53-1.63 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Rexnord Corp (NYSE:RXN) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.54 earnings per share for the quarter, hitting the analysts’ consensus estimate of $0.54. The company had revenue of $519 million for the quarter, compared to analyst estimates of $547.87 million. During the same quarter in the previous year, the company posted $0.39 EPS. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. On average, analysts expect Rexnord Corp to post $1.56 EPS for the current fiscal year and $1.75 EPS for the next fiscal year.
Rexnord Corp (NYSE:RXN) opened at 21.20 on Friday. The firm’s 50-day moving average is $23.59 and its 200-day moving average is $25.70. Rexnord Corp has a 52-week low of $20.84 and a 52-week high of $29.95. The firm has a market capitalization of $2.16 billion and a PE ratio of 26.37.
A number of analysts have weighed in on RXN shares. TheStreet lowered shares of Rexnord Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Zacks upgraded shares of Rexnord Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Barclays restated an “overweight” rating and set a $27.00 target price (down from $29.00) on shares of Rexnord Corp in a research report on Sunday, May 24th. Wedbush downgraded Rexnord Corp from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $32.00 to $27.00 in a research note on Thursday, May 21st. Finally, Deutsche Bank downgraded shares of Rexnord Corp from a “buy” rating to a “hold” rating and cut their target price for the company from $30.00 to $27.00 in a research note on Thursday, April 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $29.63.
In related news, Director John S. Stroup purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $25.44 per share, for a total transaction of $254,400.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Rexnord Corporation (NYSE:RXN) is a multi-platform industrial company. The Company operates through two business segments: the Process & Motion Control platform and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services specified and engineered mechanical components used within systems where reliability requirements and cost of failure or downtime is high. The platform’s product portfolio includes gears, couplings, industrial bearings, aerospace bearings and seals, FlatTop chain, engineered chain and conveying equipment. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. The Water Management product portfolio includes professional grade specification drainage products, flush valves and faucet products, engineered valves and gates for the water and wastewater treatment market, and PEX piping.
(Dakota Financial News)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
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