Equities research analysts predict that Quanex Building Products Co. (NYSE:NX) will report sales of $193.30 million for the current quarter, Zacks reports. Two analysts have provided estimates for Quanex Building Products’ earnings, with the highest sales estimate coming in at $196.00 million and the lowest estimate coming in at $190.60 million. Quanex Building Products reported sales of $195.10 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.9%. The firm is expected to announce its next quarterly earnings report on Monday, March 5th.
On average, analysts expect that Quanex Building Products will report full year sales of $193.30 million for the current fiscal year, with estimates ranging from $893.30 million to $895.00 million. For the next year, analysts expect that the company will report sales of $928.35 million per share, with estimates ranging from $927.50 million to $929.20 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Quanex Building Products.
Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Monday, December 11th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. The business had revenue of $233.00 million during the quarter, compared to analysts’ expectations of $232.47 million. Quanex Building Products had a return on equity of 7.00% and a net margin of 2.16%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. KeyCorp restated a “hold” rating on shares of Quanex Building Products in a research note on Friday, October 27th. Finally, Wedbush cut Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Monday, December 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Quanex Building Products currently has a consensus rating of “Hold” and a consensus price target of $25.00.
In related news, SVP Kevin P. Delaney sold 50,400 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $24.02, for a total transaction of $1,210,608.00. Following the completion of the sale, the senior vice president now owns 111,527 shares in the company, valued at $2,678,878.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Dewayne Williams sold 8,100 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $23.36, for a total value of $189,216.00. Following the sale, the vice president now owns 16,672 shares of the company’s stock, valued at approximately $389,457.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,921 shares of company stock valued at $1,861,684. 5.32% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its holdings in Quanex Building Products by 36.5% during the second quarter. BNP Paribas Arbitrage SA now owns 10,833 shares of the construction company’s stock valued at $229,000 after purchasing an additional 2,895 shares during the period. Wolverine Trading LLC bought a new stake in Quanex Building Products during the third quarter valued at about $231,000. Trexquant Investment LP bought a new stake in Quanex Building Products during the third quarter valued at about $271,000. Municipal Employees Retirement System of Michigan grew its holdings in Quanex Building Products by 59.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 12,920 shares of the construction company’s stock valued at $297,000 after purchasing an additional 4,800 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in Quanex Building Products during the third quarter valued at about $299,000. Institutional investors own 99.80% of the company’s stock.
Shares of Quanex Building Products (NX) traded up $0.20 during trading hours on Friday, reaching $22.60. The company’s stock had a trading volume of 144,700 shares, compared to its average volume of 152,800. The stock has a market capitalization of $787.61, a PE ratio of 42.64 and a beta of 0.70. Quanex Building Products has a 1-year low of $17.45 and a 1-year high of $24.60. The company has a quick ratio of 0.98, a current ratio of 1.80 and a debt-to-equity ratio of 0.54.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Thursday, December 14th. Quanex Building Products’s dividend payout ratio (DPR) is presently 30.19%.
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