Quanex Building Products (NX) Issues Quarterly Earnings Results
Quanex Building Products (NYSE:NX) released its earnings results on Thursday. The construction company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01, Bloomberg Earnings reports. Quanex Building Products had a net margin of 3.48% and a return on equity of 6.70%. The firm had revenue of $239.82 million for the quarter, compared to the consensus estimate of $237.92 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year.
NX stock opened at $19.45 on Friday. Quanex Building Products has a one year low of $16.00 and a one year high of $24.60. The company has a current ratio of 1.93, a quick ratio of 0.98 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $573.25 million, a PE ratio of 25.26 and a beta of 0.68.
The business also recently announced a dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 13th. Quanex Building Products’s dividend payout ratio (DPR) is presently 20.78%.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Saturday. ValuEngine raised shares of Quanex Building Products from a “sell” rating to a “hold” rating in a report on Friday. Finally, Sidoti downgraded shares of Quanex Building Products from a “buy” rating to a “neutral” rating in a report on Friday, June 8th. Five investment analysts have rated the stock with a hold rating, Quanex Building Products currently has a consensus 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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