Quanex Building Products (NYSE:NX) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, December 10th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
Quanex Building Products (NYSE:NX) last announced its earnings results on Thursday, September 6th. The construction company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $239.82 million for the quarter, compared to analyst estimates of $237.92 million. Quanex Building Products had a net margin of 3.48% and a return on equity of 6.67%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. On average, analysts expect Quanex Building Products to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NX opened at $15.79 on Monday. Quanex Building Products has a 12-month low of $14.68 and a 12-month high of $24.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.98. The company has a market cap of $555.26 million, a PE ratio of 20.51 and a beta of 0.89.
In related news, CFO Brent L. Korb sold 11,800 shares of Quanex Building Products stock in a transaction on Friday, September 14th. The shares were sold at an average price of $19.26, for a total value of $227,268.00. Following the transaction, the chief financial officer now directly owns 152,805 shares in the company, valued at approximately $2,943,024.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.32% of the company’s stock.
A number of research firms recently weighed in on NX. TheStreet lowered shares of Quanex Building Products from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th. ValuEngine lowered shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Saturday, September 8th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company has an average rating of “Hold” and an average target price of $22.50.
Quanex Building Products Company Profile
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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