News articles about Rexnord (NYSE:RXN) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rexnord earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 47.8408641499129 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Rexnord (NYSE RXN) opened at $24.51 on Friday. The company has a current ratio of 3.08, a quick ratio of 2.23 and a debt-to-equity ratio of 1.37. The firm has a market cap of $2,589.81, a P/E ratio of 20.94, a P/E/G ratio of 1.98 and a beta of 1.66. Rexnord has a 1 year low of $19.32 and a 1 year high of $26.24.
Rexnord (NYSE:RXN) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Rexnord had a net margin of 4.45% and a return on equity of 12.03%. The firm had revenue of $510.80 million during the quarter, compared to analysts’ expectations of $505.75 million. During the same quarter last year, the company posted $0.38 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. analysts expect that Rexnord will post 1.26 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on RXN. TheStreet downgraded shares of Rexnord from a “b-” rating to a “c+” rating in a report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Rexnord from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Oppenheimer reaffirmed a “hold” rating on shares of Rexnord in a research report on Thursday, September 28th. Finally, Robert W. Baird set a $27.00 price objective on shares of Rexnord and gave the stock a “buy” rating in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.00.
In other Rexnord news, insider Michael Troutman sold 22,914 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $24.15, for a total value of $553,373.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.50% of the company’s stock.
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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.
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