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

Quanex Building Products (NYSE:NX) posted its quarterly earnings data on Wednesday. The construction company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04, Briefing.com reports. The business had revenue of $240.37 million for the quarter, compared to analysts’ expectations of $240.53 million. Quanex Building Products had a positive return on equity of 6.69% and a negative net margin of 1.03%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. Quanex Building Products updated its FY 2020
After-Hours guidance to EPS.

NX stock opened at $19.75 on Thursday. The firm has a 50 day moving average price of $19.12 and a 200-day moving average price of $18.15. Quanex Building Products has a 52-week low of $12.59 and a 52-week high of $19.96. The firm has a market capitalization of $647.99 million, a price-to-earnings ratio of 30.38 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.17 and a current ratio of 2.15.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 1.62%. Quanex Building Products’s payout ratio is 49.23%.

Several analysts have weighed in on the company. Zacks Investment Research raised Quanex Building Products from a “sell” rating to a “hold” rating in a research report on Thursday. CJS Securities cut Quanex Building Products from an “outperform” rating to a “market perform” rating and set a $20.00 price objective on the stock. in a research report on Tuesday.

In other news, SVP Paul Cornett sold 1,500 shares of Quanex Building Products stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $19.23, for a total transaction of $28,845.00. Following the completion of the transaction, the senior vice president now directly owns 13,197 shares in the company, valued at $253,778.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin P. Delaney sold 32,400 shares of Quanex Building Products stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $19.17, for a total transaction of $621,108.00. Following the transaction, the senior vice president now owns 151,103 shares of the company’s stock, valued at $2,896,644.51. The disclosure for this sale can be found here. Insiders have sold 42,032 shares of company stock valued at $804,786 over the last quarter. Company insiders own 5.59% of the company’s stock.

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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