Rexnord Corp (RXN) Earns News Impact Score of 0.14

Press coverage about Rexnord Corp (NYSE:RXN) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rexnord Corp earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 48.1532790188784 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Rexnord Corp (NYSE RXN) traded down 0.58% during mid-day trading on Friday, hitting $23.81. 1,009,314 shares of the stock traded hands. Rexnord Corp has a one year low of $15.80 and a one year high of $25.50. The stock has a market capitalization of $2.47 billion, a PE ratio of 36.08 and a beta of 1.63. The company has a 50 day moving average price of $23.57 and a 200-day moving average price of $23.17.

Rexnord Corp (NYSE:RXN) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $487.70 million during the quarter, compared to analysts’ expectations of $484.20 million. Rexnord Corp had a net margin of 5.43% and a return on equity of 7.59%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. Equities analysts anticipate that Rexnord Corp will post $1.27 earnings per share for the current fiscal year.

Several analysts have weighed in on RXN shares. Zacks Investment Research cut shares of Rexnord Corp from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. TheStreet raised shares of Rexnord Corp from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Rexnord Corp in a research note on Thursday, May 18th. Janney Montgomery Scott assumed coverage on shares of Rexnord Corp in a research note on Friday, July 21st. They set a “buy” rating and a $27.00 price target on the stock. Finally, BidaskClub raised shares of Rexnord Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.80.

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Rexnord Corp 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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