Analysts forecast that Quanex Building Products Corporation (NYSE:NX) will post $238.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Quanex Building Products Corporation’s earnings, with the highest sales estimate coming in at $240.20 million and the lowest estimate coming in at $237.50 million. Quanex Building Products Corporation posted sales of $249.17 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.1%. The company is scheduled to announce its next earnings results on Thursday, December 21st.

According to Zacks, analysts expect that Quanex Building Products Corporation will report full-year sales of $238.85 million for the current financial year, with estimates ranging from $871.10 million to $878.70 million. For the next year, analysts expect that the firm will post sales of $911.30 million per share, with estimates ranging from $909.90 million to $912.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Quanex Building Products Corporation.

Quanex Building Products Corporation (NYSE:NX) last announced its quarterly earnings data on Wednesday, September 6th. The construction company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $229.40 million for the quarter, compared to the consensus estimate of $235.45 million. Quanex Building Products Corporation had a return on equity of 7.87% and a net margin of 1.52%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share.

A number of equities research analysts have weighed in on NX shares. Zacks Investment Research upgraded Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Sidoti started coverage on Quanex Building Products Corporation in a report on Monday, August 7th. They issued a “buy” rating for the company. Wedbush upgraded Quanex Building Products Corporation from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $25.00 to $24.00 in a report on Friday, September 8th. KeyCorp reiterated a “hold” rating on shares of Quanex Building Products Corporation in a report on Friday, September 22nd. Finally, BidaskClub downgraded Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.00.

In other Quanex Building Products Corporation news, VP Brent L. Korb sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $21.15, for a total value of $370,125.00. Following the completion of the sale, the vice president now owns 94,679 shares of the company’s stock, valued at $2,002,460.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.32% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Crossmark Global Holdings Inc. acquired a new stake in Quanex Building Products Corporation in the third quarter valued at approximately $299,000. First Trust Advisors LP acquired a new stake in Quanex Building Products Corporation in the third quarter valued at approximately $626,000. Fisher Asset Management LLC grew its stake in Quanex Building Products Corporation by 10.5% in the third quarter. Fisher Asset Management LLC now owns 135,775 shares of the construction company’s stock valued at $3,116,000 after acquiring an additional 12,888 shares during the period. The Manufacturers Life Insurance Company grew its stake in Quanex Building Products Corporation by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 27,790 shares of the construction company’s stock valued at $588,000 after acquiring an additional 970 shares during the period. Finally, State Street Corp grew its stake in Quanex Building Products Corporation by 5.1% in the second quarter. State Street Corp now owns 837,719 shares of the construction company’s stock valued at $17,720,000 after acquiring an additional 40,540 shares during the period. 99.87% of the stock is owned by hedge funds and other institutional investors.

Shares of Quanex Building Products Corporation (NYSE NX) opened at 21.60 on Tuesday. The stock has a 50 day moving average price of $22.04 and a 200-day moving average price of $20.89. Quanex Building Products Corporation has a 52 week low of $15.40 and a 52 week high of $23.60. The company has a market capitalization of $744.27 million, a PE ratio of 54.96 and a beta of 0.67.

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Earnings History and Estimates for Quanex Building Products Corporation (NYSE:NX)

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