Somewhat Positive Media Coverage Somewhat Unlikely to Impact Rexnord Corporation (RXN) Stock Price
Headlines about Rexnord Corporation (NYSE:RXN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rexnord Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.8127277441773 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Rexnord Corporation (NYSE RXN) traded up $0.25 during mid-day trading on Tuesday, hitting $24.13. The stock had a trading volume of 667,624 shares, compared to its average volume of 910,194. Rexnord Corporation has a twelve month low of $19.32 and a twelve month high of $26.24. The company has a quick ratio of 2.23, a current ratio of 3.08 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $2,490.00, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.91 and a beta of 1.65.
Rexnord Corporation (NYSE:RXN) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Rexnord Corporation had a return on equity of 12.03% and a net margin of 4.45%. The business had revenue of $510.80 million for the quarter, compared to the consensus estimate of $505.75 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. Rexnord Corporation’s revenue for the quarter was up 4.0% compared to the same quarter last year. analysts anticipate that Rexnord Corporation will post 1.26 EPS for the current fiscal year.
In other news, insider Michael Troutman sold 22,914 shares of Rexnord Corporation stock in a transaction on Friday, September 8th. The stock was sold at an average price of $24.15, for a total transaction of $553,373.10. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.50% of the company’s stock.
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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