Brokerages expect Quanex Building Products Corporation (NYSE:NX) to report earnings per share of $0.37 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Quanex Building Products’ earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.28. Quanex Building Products posted earnings of $0.45 per share in the same quarter last year, which indicates a negative year over year growth rate of 17.8%. The business is expected to issue its next quarterly earnings results on Thursday, December 21st.

On average, analysts expect that Quanex Building Products will report full-year earnings of $0.85 per share for the current year. For the next year, analysts expect that the firm will post earnings of $0.85 per share, with EPS estimates ranging from $0.69 to $1.01. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Quanex Building Products.

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

NX has been the subject of several recent analyst reports. Wedbush upgraded Quanex Building Products from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $25.00 to $24.00 in a research note on Friday, September 8th. Zacks Investment Research downgraded Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. KeyCorp restated a “hold” rating on shares of Quanex Building Products in a research note on Friday, September 22nd. TheStreet upgraded Quanex Building Products from a “c” rating to a “b-” rating in a research note on Wednesday, September 6th. Finally, BidaskClub downgraded Quanex Building Products from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.00.

In related news, VP Brent L. Korb sold 17,500 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $21.15, for a total transaction of $370,125.00. Following the completion of the sale, the vice president now owns 94,679 shares in the company, valued at approximately $2,002,460.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.32% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Wolverine Trading LLC acquired a new position in shares of Quanex Building Products in the 3rd quarter worth approximately $231,000. Dimensional Fund Advisors LP raised its holdings in shares of Quanex Building Products by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,891,182 shares of the construction company’s stock worth $66,352,000 after buying an additional 31,873 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Quanex Building Products by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 286,796 shares of the construction company’s stock worth $6,582,000 after buying an additional 14,535 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Quanex Building Products by 7.2% in the 3rd quarter. Wells Fargo & Company MN now owns 209,803 shares of the construction company’s stock worth $4,815,000 after buying an additional 14,108 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Quanex Building Products in the 3rd quarter worth approximately $271,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Quanex Building Products (NX) opened at $20.90 on Thursday. The stock has a market capitalization of $730.21, a PE ratio of 24.94 and a beta of 0.70. Quanex Building Products has a 52 week low of $17.45 and a 52 week high of $23.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.79.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.16 annualized dividend and a yield of 0.77%. Quanex Building Products’s payout ratio is 42.11%.

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