Back to top

Image: Bigstock

Rexnord Corporation

Read MoreHide Full Article

Year to date, shares of Rexnord Corporation have outperformed the Zacks categorized Machinery Electrical industry. We believe that the company has the potential to expand its businesses by leveraging the accelerated demand from non-residential construction markets in the U.S. and from the global food and beverage end markets. For fiscal 2018, the company anticipates benefiting from innovation of new products, cost-control measures and strengthening consumer driven end markets. Also, it is on track to complete its supply-chain optimization and footprint-repositioning programs in first-quarter fiscal 2018, realizing annualized cost-savings of $30 million. However, the company is exposed to industry rivalry, forex woes and uncertain economic conditions. In the last 60 days, the stock’s earnings estimates decreased for 2017 while remained stable for 2018.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Rexnord Corporation (RXN) - free report >>

Published in