Quanex Building Products (NYSE:NX) Announces Quarterly Earnings Results

Quanex Building Products (NYSE:NX) posted its quarterly earnings results on Thursday. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05, Briefing.com reports. The company had revenue of $238.50 million for the quarter, compared to analyst estimates of $245.73 million. Quanex Building Products had a negative net margin of 1.03% and a positive return on equity of 6.60%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS.

NYSE NX opened at $17.90 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 1.30. The firm has a market capitalization of $568.03 million, a price-to-earnings ratio of 22.87 and a beta of 1.22. The company’s fifty day moving average is $17.56 and its two-hundred day moving average is $17.00. Quanex Building Products has a 52-week low of $10.70 and a 52-week high of $19.75.

The business also recently declared a dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.08 dividend. The ex-dividend date is Friday, September 13th. Quanex Building Products’s dividend payout ratio is 49.23%.

Separately, Zacks Investment Research lowered shares of Quanex Building Products from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.00.

About Quanex Building Products

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, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.

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Earnings History for Quanex Building Products (NYSE:NX)

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