Favorable Media Coverage Somewhat Unlikely to Impact Rexnord Corporation (RXN) Stock Price

Press coverage about Rexnord Corporation (NYSE:RXN) has trended positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Rexnord Corporation earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 43 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several research analysts have commented on RXN shares. Zacks Investment Research lowered Rexnord Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. TheStreet raised Rexnord Corporation from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. BidaskClub raised Rexnord Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rexnord Corporation in a research note on Thursday, May 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Rexnord Corporation presently has an average rating of “Hold” and an average target price of $24.25.

Shares of Rexnord Corporation (RXN) opened at 23.99 on Tuesday. Rexnord Corporation has a 52-week low of $15.80 and a 52-week high of $25.00. The firm’s 50-day moving average is $23.22 and its 200 day moving average is $22.52. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 37.48 and a beta of 1.63.

Rexnord Corporation (NYSE:RXN) last announced its quarterly earnings data on Wednesday, May 17th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $503.60 million during the quarter, compared to analysts’ expectations of $493.65 million. Rexnord Corporation had a net margin of 3.86% and a return on equity of 17.34%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. Equities analysts expect that Rexnord Corporation will post $1.28 EPS for the current year.

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About Rexnord Corporation

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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