On Tuesday, Regal Rexnord Corp (NYSE: RRX) opened lower -1.32% from the last session, before settling in for the closing price of $170.22. Price fluctuations for RRX have ranged from $100.00 to $183.85 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 13.28%. Company’s average yearly earnings per share was noted 2.65% at the time writing. With a float of $66.16 million, this company’s outstanding shares have now reached $66.30 million.
Let’s determine the extent of company efficiency that accounts for 32100 employees. In terms of profitability, gross margin is 36.27%, operating margin of 10.6%, and the pretax margin is 4.59%.
Regal Rexnord Corp (RRX) Insider Activity
A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of Regal Rexnord Corp is 0.57%, while institutional ownership is 100.96%. The most recent insider transaction that took place on Feb 27 ’24, was worth 109,796. In this transaction EVP, General Counsel & Sec.* of this company sold 647 shares at a rate of $169.70, taking the stock ownership to the 28,412 shares. Before that another transaction happened on Feb 22 ’24, when Company’s EVP, General Counsel & Sec.* sold 1,931 for $166.09, making the entire transaction worth $320,720. This insider now owns 27,180 shares in total.
Regal Rexnord Corp (RRX) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 2.28 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 2.24) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.65% per share during the next fiscal year.
Regal Rexnord Corp (NYSE: RRX) Trading Performance Indicators
Check out the current performance indicators for Regal Rexnord Corp (RRX). In the past quarter, the stock posted a quick ratio of 1.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.81. Likewise, its price to free cash flow for the trailing twelve months is 22.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.17, a number that is poised to hit 2.62 in the next quarter and is forecasted to reach 11.11 in one year’s time.
Technical Analysis of Regal Rexnord Corp (RRX)
Looking closely at Regal Rexnord Corp (NYSE: RRX), its last 5-days average volume was 0.56 million, which is a jump from its year-to-date volume of 0.45 million. As of the previous 9 days, the stock’s Stochastic %D was 61.98%. Additionally, its Average True Range was 6.21.
During the past 100 days, Regal Rexnord Corp’s (RRX) raw stochastic average was set at 76.34%, which indicates a significant increase from 67.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.48% in the past 14 days, which was lower than the 37.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $165.19, while its 200-day Moving Average is $158.23. However, in the short run, Regal Rexnord Corp’s stock first resistance to watch stands at $176.92. Second resistance stands at $185.86. The third major resistance level sits at $202.16. If the price goes on to break the first support level at $151.68, it is likely to go to the next support level at $135.38. Should the price break the second support level, the third support level stands at $126.44.
Regal Rexnord Corp (NYSE: RRX) Key Stats
There are currently 66,541K shares outstanding in the company with a market cap of 11.18 billion. Presently, the company’s annual sales total 6,251 M according to its annual income of -57,400 K. Last quarter, the company’s sales amounted to 1,548 M and its income totaled 62,500 K.
