Analysts See $0.32 EPS for Rexnord Corp (RXN)

October 13, 2017 - By Henry Gaston

 Analysts See $0.32 EPS for Rexnord Corp (RXN)
Investors sentiment increased to 1.48 in 2017 Q2. Its up 0.49, from 0.99 in 2017Q1. It increased, as 16 investors sold Rexnord Corp shares while 45 reduced holdings. 37 funds opened positions while 53 raised stakes. 104.65 million shares or 0.35% more from 104.29 million shares in 2017Q1 were reported.
Jennison Associate Lc owns 0.09% invested in Rexnord Corp (NYSE:RXN) for 3.51 million shares. Putnam Investments Ltd Liability Co holds 49,600 shares. Adage Capital Prtnrs Grp Ltd Com accumulated 2.08 million shares. Fifth Third National Bank & Trust has 2,151 shares for 0% of their portfolio. Geode Capital Mgmt Ltd Limited Liability Company reported 802,003 shares. Piermont Mngmt invested 0.25% of its portfolio in Rexnord Corp (NYSE:RXN). Engineers Gate Manager L P invested in 0.11% or 54,644 shares. California Pub Employees Retirement Sys accumulated 0.01% or 230,400 shares. 201,700 are held by Point72 Asset Mgmt Limited Partnership. First Trust L P reported 0.02% stake. Eminence Ltd Partnership invested 3.02% of its portfolio in Rexnord Corp (NYSE:RXN). New Jersey Better Educational Savings owns 16,000 shares. 279,780 were reported by Tiaa Cref Investment Ltd Liability Co. American Century Inc has invested 0.01% in Rexnord Corp (NYSE:RXN). Moreover, Bnp Paribas Arbitrage has 0% invested in Rexnord Corp (NYSE:RXN) for 19,182 shares.

Since May 22, 2017, it had 1 buying transaction, and 0 insider sales for $17,355 activity.

Analysts expect Rexnord Corp (NYSE:RXN) to report $0.32 EPS on November, 1.They anticipate $0.06 EPS change or 15.79 % from last quarter’s $0.38 EPS. RXN’s profit would be $33.23 million giving it 20.31 P/E if the $0.32 EPS is correct. After having $0.27 EPS previously, Rexnord Corp’s analysts see 18.52 % EPS growth. The stock increased 1.88% or $0.48 during the last trading session, reaching $26. About 868,218 shares traded. Rexnord Corp (NYSE:RXN) has risen 17.47% since October 14, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Rexnord Corp (NYSE:RXN) Ratings Coverage

Among 8 analysts covering Rexnord Corporation (NYSE:RXN), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Rexnord Corporation had 20 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, February 4, the company rating was maintained by Wedbush. The stock has “Outperform” rating by Oppenheimer on Thursday, August 6. Oppenheimer downgraded the stock to “Market Perform” rating in Thursday, October 15 report. As per Monday, October 24, the company rating was upgraded by Barclays Capital. The firm has “Equalweight” rating by Barclays Capital given on Monday, July 18. The stock has “Neutral” rating by Robert W. Baird on Thursday, June 23. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 5. Deutsche Bank maintained it with “Hold” rating and $23 target in Thursday, August 6 report. The company was initiated on Tuesday, November 3 by SunTrust. Suntrust Robinson initiated the stock with “Buy” rating in Tuesday, November 3 report.

Rexnord Corporation is a multi-platform industrial company. The company has market cap of $2.70 billion. The Firm operates through two divisions: Process & Motion Control platform, and Water Management platform. It has a 39.85 P/E ratio. The Process & Motion Control platform designs, makes, markets and services a range of engineered mechanical components used within systems.

More recent Rexnord Corp (NYSE:RXN) news were published by: Biztimes.com which released: “Rexnord acquires World Dryer Corp.” on October 10, 2017. Also Areadevelopment.com published the news titled: “Rexnord Corporation Plans Manufacturing Hub-Aerospace Headquarters in Downers …” on September 14, 2017. Prnewswire.com‘s news article titled: “Rexnord Corporation to Build New Aerospace Facility in Downers Grove” with publication date: September 19, 2017 was also an interesting one.

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