-$0.04 EPS Expected for Quanex Building Products Co. (NX) This Quarter

Brokerages expect Quanex Building Products Co. (NYSE:NX) to post earnings per share of ($0.04) for the current quarter, according to Zacks. Two analysts have provided estimates for Quanex Building Products’ earnings. Quanex Building Products also reported earnings per share of ($0.04) during the same quarter last year. The firm is expected to announce its next quarterly earnings results after the market closes on Monday, March 5th.

According to Zacks, analysts expect that Quanex Building Products will report full year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.71 to $1.09. For the next year, analysts expect that the firm will report earnings of $0.95 per share, with EPS estimates ranging from $0.81 to $1.09. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Quanex Building Products.

Quanex Building Products (NYSE:NX) last announced its earnings results on Monday, December 11th. The construction company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The company had revenue of $233.00 million during the quarter, compared to analysts’ expectations of $232.47 million. Quanex Building Products had a return on equity of 7.00% and a net margin of 2.16%. Quanex Building Products’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS.

NX has been the subject of several recent research reports. KeyCorp reiterated a “hold” rating on shares of Quanex Building Products in a research note on Friday, October 27th. Zacks Investment Research upgraded Quanex Building Products from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Wedbush cut Quanex Building Products 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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.00.

Quanex Building Products (NYSE:NX) opened at $18.50 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.80 and a quick ratio of 0.98. The stock has a market capitalization of $668.09, a PE ratio of 34.91 and a beta of 0.57. Quanex Building Products has a 52 week low of $17.45 and a 52 week high of $24.60.

In other news, SVP Kevin P. Delaney sold 50,400 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $24.02, for a total transaction of $1,210,608.00. Following the sale, the senior vice president now owns 111,527 shares of the company’s stock, valued at approximately $2,678,878.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dewayne Williams sold 8,100 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $23.36, for a total value of $189,216.00. Following the sale, the vice president now directly owns 16,672 shares in the company, valued at approximately $389,457.92. The disclosure for this sale can be found here. Insiders have sold a total of 78,921 shares of company stock worth $1,861,684 in the last three months. Corporate insiders own 5.59% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NX. Virtu Financial LLC acquired a new stake in shares of Quanex Building Products during the 4th quarter worth about $221,000. Wolverine Trading LLC acquired a new position in Quanex Building Products during the third quarter worth approximately $231,000. Teacher Retirement System of Texas acquired a new position in Quanex Building Products during the fourth quarter worth approximately $248,000. Aperio Group LLC acquired a new position in Quanex Building Products during the fourth quarter worth approximately $254,000. Finally, Trexquant Investment LP acquired a new position in Quanex Building Products during the third quarter worth approximately $271,000. 98.83% of the stock is currently owned by institutional investors and hedge funds.

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Quanex Building Products Company Profile

Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. The Company operates through three segments: North American Engineered Components (NA Engineered Components), which consists of four operating segments primarily focused on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Engineered Components (EU Engineered Components), which consists of the United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components (NA Cabinet Components), which consists of the North American cabinet door and components business.

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

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