Rexnord Corporation (RXN) Analysts See $0.40 EPS

Rexnord Corporation (NYSE:RXN) Logo
Investors sentiment decreased to 1.07 in 2018 Q3. Its down 0.01, from 1.08 in 2018Q2. It dived, as 16 investors sold Rexnord Corporation shares while 60 reduced holdings. 27 funds opened positions while 54 raised stakes. 100.69 million shares or 2.42% less from 103.19 million shares in 2018Q2 were reported.
Employees Retirement System Of Ohio holds 4,340 shares or 0% of its portfolio. 7,261 were accumulated by Metropolitan Life Insur. 869,231 were accumulated by Ubs Asset Mngmt Americas Incorporated. Cortina Asset Mngmt Limited Liability Company stated it has 1.05% of its portfolio in Rexnord Corporation (NYSE:RXN). Credit Agricole S A holds 16,090 shares or 0.02% of its portfolio. Macquarie Gru Ltd reported 1.11 million shares. Vantage Inv holds 0% or 500 shares in its portfolio. 12,980 were accumulated by American National Registered Invest Advisor Inc. Timessquare Cap Mngmt Limited Liability Co, a New York-based fund reported 1.19 million shares. Sei reported 164,836 shares. The New York-based Cipher Cap L P has invested 0.06% in Rexnord Corporation (NYSE:RXN). First Trust L P, a Illinois-based fund reported 391,074 shares. Hartford Invest Mgmt Co holds 207,073 shares or 0.19% of its portfolio. Schwab Charles Invest has invested 0.02% in Rexnord Corporation (NYSE:RXN). 8,200 are held by Strs Ohio.

Since November 1, 2018, it had 1 insider purchase, and 3 sales for $738,812 activity. $111,376 worth of Rexnord Corporation (NYSE:RXN) was bought by CRANDALL THEODORE D on Thursday, November 1.

Analysts expect Rexnord Corporation (NYSE:RXN) to report $0.40 EPS on January, 30.They anticipate $0.03 EPS change or 8.11 % from last quarter’s $0.37 EPS. RXN’s profit would be $41.87 million giving it 15.09 P/E if the $0.40 EPS is correct. After having $0.46 EPS previously, Rexnord Corporation’s analysts see -13.04 % EPS growth. The stock decreased 1.59% or $0.39 during the last trading session, reaching $24.15. About 80,433 shares traded. Rexnord Corporation (NYSE:RXN) has risen 1.95% since January 14, 2018 and is uptrending. It has outperformed by 1.95% the S&P500.

Rexnord Corporation (NYSE:RXN) Ratings Coverage

Among 5 analysts covering Rexnord (NYSE:RXN), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Rexnord had 5 analyst reports since July 31, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, July 31 by Bank of America. The company was reinitiated on Friday, November 23 by Credit Suisse. The company was maintained on Tuesday, July 31 by KeyBanc Capital Markets. Oppenheimer maintained it with “Outperform” rating and $37 target in Wednesday, October 10 report.

Rexnord Corporation designs, manufactures, and markets process and motion control, and water management products worldwide. The company has market cap of $2.53 billion. The firm operates in two divisions, Process & Motion Control Platform and Water Management Platform. It currently has negative earnings. It offers table top conveying chain and related accessories, metal conveying and engineered woven metals, gearing and gear drives, conveying equipment, industrial chains, and custom assemblies; custom-engineered, application-specific miniature gearboxes, and motion control assemblies and components used in aerospace, defense, medical equipment, robotics, semiconductor, instrumentation, and satellite communications; and shaft management products, such as couplings, torque limiters, electromagnetic clutches and brakes, industrial bearings, and shaft locking assemblies.

Rexnord Corporation (NYSE:RXN) Institutional Positions Chart

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