Heavy Volume And Pre-Market Movement For Rexnord (RXN)
- RXN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.8 million.
- RXN traded 106,302 shares today in the pre-market hours as of 7:44 AM, representing 25.1% of its average daily volume.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in RXN with the Ticky from Trade-Ideas. See the FREE profile for RXN NOW at Trade-Ideas More details on RXN: Rexnord Corporation designs, manufactures, markets, and services process and motion control, and water management products worldwide. The company operates through two segments, Process & Motion Control Platform and Water Management Platform. RXN has a PE ratio of 88.7. Currently there are 2 analysts that rate Rexnord a buy, 1 analyst rates it a sell, and 1 rates it a hold. The average volume for Rexnord has been 307,800 shares per day over the past 30 days. Rexnord has a market cap of $2.8 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.47 and a short float of 4.2% with 2.92 days to cover. Shares are up 3.3% year-to-date as of the close of trading on Tuesday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates Rexnord as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 6.4%. Since the same quarter one year prior, revenues slightly increased by 3.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
- REXNORD CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, REXNORD CORP increased its bottom line by earning $0.55 versus $0.39 in the prior year. This year, the market expects an improvement in earnings ($1.66 versus $0.55).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Machinery industry. The net income increased by 211.9% when compared to the same quarter one year prior, rising from $9.20 million to $28.70 million.
- Net operating cash flow has significantly increased by 107.63% to $84.30 million when compared to the same quarter last year. In addition, REXNORD CORP has also vastly surpassed the industry average cash flow growth rate of -4.30%.
- 39.91% is the gross profit margin for REXNORD CORP which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 5.86% trails the industry average.
- You can view the full Rexnord Ratings Report.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.