Brokerages predict that Quanex Building Products Corporation (NYSE:NX) will post $0.37 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Quanex Building Products Corporation’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.28. Quanex Building Products Corporation posted earnings of $0.45 per share during the same quarter last year, which would indicate a negative year over year growth rate of 17.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, December 21st.

On average, analysts expect that Quanex Building Products Corporation will report full-year earnings of $0.85 per share for the current financial year. For the next year, analysts forecast that the company will post earnings of $0.85 per share, with EPS estimates ranging from $0.69 to $1.01. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Quanex Building Products Corporation.

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

Several brokerages have weighed in on NX. Zacks Investment Research raised Quanex Building Products Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday. KeyCorp reaffirmed a “hold” rating on shares of Quanex Building Products Corporation in a report on Friday, October 27th. TheStreet raised Quanex Building Products Corporation from a “c” rating to a “b-” rating in a report on Wednesday, September 6th. Wedbush raised Quanex Building Products Corporation from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $25.00 to $24.00 in a report on Friday, September 8th. Finally, BidaskClub downgraded Quanex Building Products Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Quanex Building Products Corporation currently has a consensus rating of “Hold” and an average target price of C$24.00.

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Shares of Quanex Building Products Corporation (NX) opened at C$21.40 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $737.09, a PE ratio of 25.18 and a beta of 0.70. Quanex Building Products Corporation has a twelve month low of C$16.45 and a twelve month high of C$23.60.

In related news, VP Brent L. Korb sold 17,500 shares of Quanex Building Products Corporation stock in a transaction dated Monday, September 25th. The stock was sold at an average price of C$21.15, for a total transaction of C$370,125.00. Following the completion of the sale, the vice president now owns 94,679 shares of the company’s stock, valued at C$2,002,460.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.32% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Texas Permanent School Fund raised its position in Quanex Building Products Corporation by 1.0% during the second quarter. Texas Permanent School Fund now owns 25,148 shares of the company’s stock valued at $532,000 after acquiring an additional 238 shares in the last quarter. Falcon Point Capital LLC increased its position in shares of Quanex Building Products Corporation by 0.5% in the second quarter. Falcon Point Capital LLC now owns 58,289 shares of the company’s stock valued at $1,233,000 after buying an additional 294 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Quanex Building Products Corporation by 0.6% in the first quarter. Prudential Financial Inc. now owns 58,566 shares of the company’s stock valued at $1,186,000 after buying an additional 340 shares in the last quarter. Anchor Capital Advisors LLC increased its position in shares of Quanex Building Products Corporation by 0.5% in the second quarter. Anchor Capital Advisors LLC now owns 131,083 shares of the company’s stock valued at $2,772,000 after buying an additional 639 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Quanex Building Products Corporation by 1.3% in the first quarter. Legal & General Group Plc now owns 59,018 shares of the company’s stock valued at $1,195,000 after buying an additional 766 shares in the last quarter. Institutional investors own 99.27% of the company’s stock.

Quanex Building Products Corporation Company Profile

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

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