Milwaukee, Wisconsin, May 16, 2020 – Shares of Rexnord Corporation (NYSE: RXN) showed the bullish trend with a higher momentum of 1.76% to $26.58. The company traded total volume of 561.087K shares as contrast to its average volume of 1.10M shares. The company has a market value of $3.11B and about 117.12M shares outstanding.
Rexnord Corporation (NYSE: RXN) posted revenues of $521.30M for the quarter ended September 2019, missing the Zacks Consensus Estimate by 0.88%. This compares to year-ago revenues of $524.80M. The company has not been able to beat consensus revenue estimates over the last four quarters. Rexnord came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.51%. A quarter ago, it was expected that this motion control and water management company would post earnings of $0.43 per share when it actually produced earnings of $0.48, delivering a surprise of 11.63%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.
The Company offered net profit margin of 8.70% while its gross profit margin was 39.00%. ROE was recorded as 13.80% while beta factor was 1.58. The stock, as of recent close, has shown the weekly downbeat performance of -4.35% which was maintained at -18.52% in this year.