News coverage about Quanex (NYSE:NX) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Quanex earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 45.6227804659738 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
A number of equities analysts have recently commented on NX shares. Zacks Investment Research lowered Quanex from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Wedbush lowered Quanex from an “outperform” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Monday, December 18th. Finally, TheStreet lowered Quanex from a “b-” rating to a “c” rating in a research note on Monday, March 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $22.50.
NYSE:NX remained flat at $$17.95 during trading hours on Friday. The company had a trading volume of 182,998 shares, compared to its average volume of 274,194. The company has a market capitalization of $629.52, a price-to-earnings ratio of 23.31 and a beta of 0.81. Quanex has a 12 month low of $16.50 and a 12 month high of $24.60. The company has a quick ratio of 0.90, a current ratio of 1.93 and a debt-to-equity ratio of 0.51.
Quanex (NYSE:NX) last posted its quarterly earnings data on Monday, March 5th. The construction company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The company had revenue of $191.70 million during the quarter, compared to analyst estimates of $189.95 million. Quanex had a return on equity of 6.72% and a net margin of 3.17%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share. equities analysts predict that Quanex will post 0.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, March 14th. Quanex’s dividend payout ratio is 20.78%.
In other Quanex news, Director Joseph D. Rupp sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $17.71, for a total transaction of $177,100.00. Following the sale, the director now owns 10,000 shares in the company, valued at $177,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan F. Davis sold 10,421 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $22.47, for a total value of $234,159.87. Following the sale, the director now owns 35,603 shares in the company, valued at approximately $799,999.41. The disclosure for this sale can be found here. 5.32% of the stock is currently owned by company insiders.
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Quanex Company Profile
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers; extruded vinyl profiles; window and door screens; cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry; and precision-formed metal and wood products, as well as solar panel sealants, trim moldings, vinyl decking and fencing products, water retention barriers, and conservatory roof components.
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