Equities research analysts expect that Rexnord Corp (NYSE:RXN) will post sales of $544.72 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Rexnord’s earnings, with the highest sales estimate coming in at $548.00 million and the lowest estimate coming in at $541.00 million. Rexnord posted sales of $503.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, May 16th.

On average, analysts expect that Rexnord will report full-year sales of $544.72 million for the current financial year, with estimates ranging from $2.02 billion to $2.04 billion. For the next financial year, analysts forecast that the business will post sales of $2.16 billion per share, with estimates ranging from $2.13 billion to $2.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Rexnord.

Rexnord (NYSE:RXN) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.10. Rexnord had a return on equity of 13.05% and a net margin of 8.29%. The company had revenue of $492.30 million during the quarter, compared to the consensus estimate of $479.66 million. During the same quarter last year, the company earned $0.25 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis.

A number of equities analysts have recently issued reports on the company. ValuEngine raised Rexnord from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet raised Rexnord from a “c+” rating to a “b” rating in a report on Friday, January 26th. KeyCorp increased their target price on Rexnord from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Zacks Investment Research raised Rexnord from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Deutsche Bank set a $33.00 target price on Rexnord and gave the stock a “buy” rating in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $30.67.

A number of hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC increased its holdings in Rexnord by 96.0% during the 4th quarter. Citadel Advisors LLC now owns 193,237 shares of the industrial products company’s stock valued at $5,028,000 after purchasing an additional 94,659 shares in the last quarter. BlackRock Inc. increased its holdings in Rexnord by 14.5% during the 4th quarter. BlackRock Inc. now owns 8,162,025 shares of the industrial products company’s stock valued at $212,376,000 after purchasing an additional 1,031,304 shares in the last quarter. Suffolk Capital Management LLC increased its holdings in Rexnord by 159.1% during the 4th quarter. Suffolk Capital Management LLC now owns 40,271 shares of the industrial products company’s stock valued at $1,048,000 after purchasing an additional 24,727 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in Rexnord during the 4th quarter valued at $814,000. Finally, State of Wisconsin Investment Board increased its holdings in Rexnord by 7.7% during the 4th quarter. State of Wisconsin Investment Board now owns 334,000 shares of the industrial products company’s stock valued at $8,691,000 after purchasing an additional 24,000 shares in the last quarter.

Shares of Rexnord (RXN) traded up $0.10 on Tuesday, hitting $26.81. The stock had a trading volume of 1,052,947 shares, compared to its average volume of 863,064. Rexnord has a fifty-two week low of $21.51 and a fifty-two week high of $31.44. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.58 and a current ratio of 2.49. The firm has a market cap of $2,787.68, a PE ratio of 20.47, a PEG ratio of 2.02 and a beta of 1.77.

TRADEMARK VIOLATION NOTICE: “$544.72 Million in Sales Expected for Rexnord Corp (RXN) This Quarter” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/11/544-72-million-in-sales-expected-for-rexnord-corp-rxn-this-quarter.html.

Rexnord Company Profile

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.

Get a free copy of the Zacks research report on Rexnord (RXN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Rexnord (NYSE:RXN)

Receive News & Ratings for Rexnord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexnord and related companies with MarketBeat.com's FREE daily email newsletter.