Quanex Building Products (NYSE:NX) is scheduled to be posting its quarterly earnings results after the market closes on Monday, December 10th. Analysts expect Quanex Building Products to post earnings of $0.41 per share for the quarter.
Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, September 6th. The construction company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $239.82 million during the quarter, compared to analyst estimates of $237.92 million. Quanex Building Products had a return on equity of 6.67% and a net margin of 3.48%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. On average, analysts expect Quanex Building Products to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Quanex Building Products stock opened at $14.15 on Friday. The firm has a market capitalization of $479.30 million, a price-to-earnings ratio of 18.38 and a beta of 0.91. Quanex Building Products has a 12 month low of $13.38 and a 12 month high of $24.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.98 and a quick ratio of 1.07.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 17th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Friday, December 14th. Quanex Building Products’s payout ratio is 41.56%.
A number of analysts have commented on NX shares. TheStreet lowered Quanex Building Products from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. ValuEngine raised Quanex Building Products from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Finally, Zacks Investment Research raised Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Saturday, September 8th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.50.
In other Quanex Building Products news, CFO Brent L. Korb sold 11,800 shares of Quanex Building Products stock in a transaction on Friday, September 14th. The stock was sold at an average price of $19.26, for a total value of $227,268.00. Following the completion of the sale, the chief financial officer now owns 152,805 shares of the company’s stock, valued at approximately $2,943,024.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.32% of the stock is currently owned by company insiders.
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About Quanex Building Products
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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