Rexnord Corporation (NYSE:RXN) is set to announce first quarter earning results on Tuesday 28th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, RXN to report 1Q21 income of $ 0.32 per share.
For the full year, analysts anticipate top line of $ 1909.93 million, while looking forward to income of $ 1.68 per share bottom line.
The Company Outlook
Revenue for 1Q21 are expected in a range of $ 391.39 million ~ $ 416.81 million
Click Here For More Historical Outlooks Of Rexnord Corporation
Previous Quarter Performance
Rexnord Corporation reported income for the fourth quarter of $ 0.55 per share, from the revenue of $ 547.00 million. The quarterly earnings escalated 7.84 percent while revenues hiked 1.77 percent compared with the same quarter last year.
Street analysts expected Rexnord Corporation to report income of $ 0.50 per share on revenue of $ 538.13 million for the fourth quarter. The bottom line results beat street analysts by $ 0.05 or 10.00 percent, at the same time, top line results outshined analysts by $ 8.87 million or 1.65 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Rexnord Corporation
Stock Performance
According to the previous trading day, closing price of RXN was $ 30.61, representing a 62.22 % increase from the 52 week low of $ 18.87 and a 14.11 % decrease over the 52 week high of $ 35.64.
The company has a market capital of $ 3.68 billion and is part of the Industrials sector and Diversified Industrials industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”RXN” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.08 per share on May 5, 2020. The dividend were payable on June 8, 2020 to holders of record as of the close of business on May 20, 2020 and ex-dividend date on May 19, 2020.
Rexnord Corporation designs, manufactures, and markets process and motion control, and water management products worldwide. It operates in two segments, Process & Motion Control Platform and Water Management Platform. The company offers table top conveying chain and related accessories, metal conveying and engineered woven metals, gearing and gear drives, conveying equipment, industrial chain, 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, including couplings, torque limiters, electromagnetic clutches and brakes, industrial bearings, and shaft locking assemblies.
