Rexnord Corporation (RXN) Given Daily News Sentiment Score of 0.11
News headlines about Rexnord Corporation (NYSE:RXN) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rexnord Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.7902600748608 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Rexnord Corporation (NYSE RXN) opened at 25.30 on Friday. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 38.33 and a beta of 1.68. Rexnord Corporation has a 52-week low of $15.80 and a 52-week high of $25.60. The firm has a 50 day moving average price of $24.15 and a 200-day moving average price of $23.51.
Rexnord Corporation (NYSE:RXN) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $487.70 million for the quarter, compared to the consensus estimate of $484.20 million. Rexnord Corporation had a return on equity of 14.27% and a net margin of 4.22%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. Equities research analysts anticipate that Rexnord Corporation will post $1.27 earnings per share for the current year.
A number of equities analysts have issued reports on the company. Zacks Investment Research raised Rexnord Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Janney Montgomery Scott assumed coverage on Rexnord Corporation in a report on Friday, July 21st. They issued a “buy” rating and a $27.00 target price for the company. BidaskClub raised Rexnord Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Robert W. Baird set a $27.00 target price on Rexnord Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.00.
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In other news, insider Michael Troutman sold 22,914 shares of Rexnord Corporation stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $24.15, for a total value of $553,373.10. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by insiders.
About Rexnord Corporation
Rexnord Corporation is a multi-platform industrial company. The Company operates through two segments: Process & Motion Control platform, and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services a range of engineered mechanical components used within systems.
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