$0.37 EPS Expected for Quanex Building Products Corporation (NX) This Quarter

Analysts expect that Quanex Building Products Corporation (NYSE:NX) will announce $0.37 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Quanex Building Products Corporation’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.46. Quanex Building Products Corporation reported earnings per share of $0.45 in the same quarter last year, which suggests a negative year-over-year growth rate of 17.8%. The company is scheduled to report its next earnings report on Thursday, December 21st.

On average, analysts expect that Quanex Building Products Corporation will report full year earnings of $0.85 per share for the current financial year. For the next financial year, analysts anticipate that the company will post earnings of $0.85 per share, with EPS estimates ranging from $0.69 to $1.01. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Quanex Building Products Corporation.

Quanex Building Products Corporation (NYSE:NX) last issued its earnings results on Wednesday, September 6th. The construction company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). Quanex Building Products Corporation had a return on equity of 7.87% and a net margin of 1.52%. The business had revenue of $229.40 million during the quarter, compared to analyst estimates of $235.45 million. During the same period last year, the business earned $0.27 EPS. The business’s quarterly revenue was down 7.5% on a year-over-year basis.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded Quanex Building Products Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, November 9th. KeyCorp restated a “hold” rating on shares of Quanex Building Products Corporation in a report on Friday, October 27th. TheStreet upgraded Quanex Building Products Corporation from a “c” rating to a “b-” rating in a report on Wednesday, September 6th. Wedbush upgraded Quanex Building Products Corporation from a “neutral” rating to an “outperform” rating and cut their target price for the company from $25.00 to $24.00 in a report on Friday, September 8th. Finally, BidaskClub lowered Quanex Building Products Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $24.00.

In related news, VP Brent L. Korb sold 17,500 shares of Quanex Building Products Corporation stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $21.15, for a total transaction of $370,125.00. Following the sale, the vice president now directly owns 94,679 shares of the company’s stock, valued at $2,002,460.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.32% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolverine Trading LLC acquired a new stake in Quanex Building Products Corporation during the third quarter valued at approximately $231,000. Dimensional Fund Advisors LP boosted its holdings in Quanex Building Products Corporation by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,891,182 shares of the construction company’s stock valued at $66,352,000 after purchasing an additional 31,873 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Quanex Building Products Corporation by 5.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 286,796 shares of the construction company’s stock valued at $6,582,000 after purchasing an additional 14,535 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Quanex Building Products Corporation by 7.2% during the third quarter. Wells Fargo & Company MN now owns 209,803 shares of the construction company’s stock valued at $4,815,000 after purchasing an additional 14,108 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Quanex Building Products Corporation during the third quarter valued at approximately $271,000. 99.62% of the stock is currently owned by institutional investors.

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Shares of Quanex Building Products Corporation (NYSE:NX) traded down $0.25 during trading hours on Friday, hitting $21.10. The company had a trading volume of 103,851 shares, compared to its average volume of 136,601. The company has a current ratio of 1.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. Quanex Building Products Corporation has a twelve month low of $17.45 and a twelve month high of $23.60. The stock has a market capitalization of $728.48, a price-to-earnings ratio of 24.88 and a beta of 0.70.

Quanex Building Products Corporation Company Profile

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

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