Wall Street analysts predict that Quanex Building Products Corporation (NYSE:NX) will announce $233.95 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Quanex Building Products Corporation’s earnings, with the lowest sales estimate coming in at $233.50 million and the highest estimate coming in at $234.40 million. Quanex Building Products Corporation reported sales of $248.09 million during the same quarter last year, which would suggest a negative year over year growth rate of 5.7%. The company is expected to announce its next earnings results on Tuesday, September 5th.

According to Zacks, analysts expect that Quanex Building Products Corporation will report full-year sales of $233.95 million for the current financial year, with estimates ranging from $878.70 million to $881.40 million. For the next financial year, analysts anticipate that the firm will post sales of $916.05 million per share, with estimates ranging from $912.70 million to $919.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Quanex Building Products Corporation.

Quanex Building Products Corporation (NYSE:NX) last issued its earnings results on Tuesday, May 30th. The construction company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. Quanex Building Products Corporation had a positive return on equity of 7.70% and a negative net margin of 0.09%. The business had revenue of $209.10 million during the quarter, compared to analysts’ expectations of $205.27 million. During the same period in the prior year, the firm posted $0.11 EPS. Quanex Building Products Corporation’s quarterly revenue was down 8.9% compared to the same quarter last year.

NX has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and set a $25.00 price objective on shares of Quanex Building Products Corporation in a research report on Wednesday, July 19th. BidaskClub downgraded shares of Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.75.

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Shares of Quanex Building Products Corporation (NYSE NX) traded up 2.40% during trading on Friday, hitting $21.35. The stock had a trading volume of 62,386 shares. The stock’s 50-day moving average is $21.28 and its 200-day moving average is $20.24. Quanex Building Products Corporation has a 12-month low of $15.40 and a 12-month high of $22.65. The stock’s market capitalization is $729.25 million.

In other Quanex Building Products Corporation news, SVP Kevin P. Delaney sold 21,275 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $21.16, for a total transaction of $450,179.00. Following the sale, the senior vice president now owns 103,963 shares of the company’s stock, valued at $2,199,857.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kevin P. Delaney sold 59,700 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $21.35, for a total transaction of $1,274,595.00. Following the sale, the senior vice president now directly owns 133,471 shares in the company, valued at approximately $2,849,605.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,809 shares of company stock worth $2,230,713. Insiders own 5.32% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Quanex Building Products Corporation by 47,018.6% in the first quarter. BlackRock Inc. now owns 4,691,600 shares of the construction company’s stock worth $95,005,000 after buying an additional 4,681,643 shares during the last quarter. Norges Bank bought a new stake in Quanex Building Products Corporation during the fourth quarter worth $9,480,000. Segall Bryant & Hamill LLC bought a new stake in Quanex Building Products Corporation during the first quarter worth $4,360,000. Dimensional Fund Advisors LP boosted its stake in Quanex Building Products Corporation by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,748,304 shares of the construction company’s stock worth $55,653,000 after buying an additional 158,417 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Quanex Building Products Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 3,027,319 shares of the construction company’s stock worth $61,304,000 after buying an additional 115,239 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

About Quanex Building Products Corporation

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

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