Rexnord Corp (NYSE:RXN) – Stock analysts at SunTrust Banks issued their Q4 2019 EPS estimates for shares of Rexnord in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst C. Brady expects that the industrial products company will post earnings per share of $0.48 for the quarter.

Rexnord (NYSE:RXN) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Rexnord had a return on equity of 12.03% and a net margin of 4.45%. The company had revenue of $510.80 million during the quarter, compared to analyst estimates of $505.75 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis.

Other research analysts have also issued research reports about the company. Bank of America upgraded Rexnord from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. TheStreet lowered Rexnord from a “b-” rating to a “c+” rating in a report on Wednesday, November 15th. Zacks Investment Research upgraded Rexnord from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Oppenheimer restated a “hold” rating on shares of Rexnord in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.00.

Rexnord (NYSE RXN) opened at $27.84 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.23 and a current ratio of 3.08. Rexnord has a 12-month low of $20.75 and a 12-month high of $28.44. The stock has a market capitalization of $2,921.33, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 2.25 and a beta of 1.65.

Several institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in shares of Rexnord by 5.5% in the third quarter. Janus Henderson Group PLC now owns 14,177,506 shares of the industrial products company’s stock valued at $360,250,000 after buying an additional 738,129 shares during the period. BlackRock Inc. lifted its holdings in shares of Rexnord by 14.4% in the second quarter. BlackRock Inc. now owns 7,026,845 shares of the industrial products company’s stock valued at $163,374,000 after buying an additional 883,165 shares during the period. Impax Asset Management LTD lifted its holdings in shares of Rexnord by 4.1% in the third quarter. Impax Asset Management LTD now owns 3,203,772 shares of the industrial products company’s stock valued at $81,408,000 after buying an additional 125,327 shares during the period. Capital World Investors lifted its holdings in shares of Rexnord by 3.4% in the second quarter. Capital World Investors now owns 3,000,000 shares of the industrial products company’s stock valued at $69,750,000 after buying an additional 100,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Rexnord by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,665,666 shares of the industrial products company’s stock valued at $67,735,000 after buying an additional 73,216 shares during the period.

ILLEGAL ACTIVITY WARNING: “SunTrust Banks Comments on Rexnord Corp’s Q4 2019 Earnings (RXN)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/suntrust-banks-comments-on-rexnord-corps-q4-2019-earnings-rxn/1806774.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.

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.