Quanex Building Products (NX) to Release Earnings on Wednesday

Quanex Building Products (NYSE:NX) is scheduled to post its quarterly earnings results after the market closes on Wednesday, December 13th. Analysts expect Quanex Building Products to post earnings of $0.30 per share for the quarter.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The company had revenue of $229.40 million during the quarter, compared to the consensus estimate of $235.45 million. Quanex Building Products had a net margin of 1.52% and a return on equity of 7.87%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, analysts expect Quanex Building Products to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Quanex Building Products (NX) opened at $21.20 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.79 and a quick ratio of 0.93. The firm has a market capitalization of $756.04, a P/E ratio of 25.82 and a beta of 0.70. Quanex Building Products has a one year low of $17.45 and a one year high of $23.60.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.75%. Quanex Building Products’s dividend payout ratio is 42.11%.

A number of research analysts have weighed in on the company. TheStreet upgraded Quanex Building Products from a “c” rating to a “b-” rating in a research note on Wednesday, September 6th. BidaskClub downgraded Quanex Building Products from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. KeyCorp reiterated a “hold” rating on shares of Quanex Building Products in a research note on Friday, October 27th. Zacks Investment Research downgraded Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Finally, Wedbush upgraded Quanex Building Products from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $25.00 to $24.00 in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Quanex Building Products has a consensus rating of “Hold” and an average price target of $24.00.

In related news, VP Brent L. Korb sold 17,500 shares of Quanex Building Products stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $21.15, for a total transaction of $370,125.00. Following the completion of the sale, the vice president now directly owns 94,679 shares of the company’s stock, valued at approximately $2,002,460.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 5.32% of the company’s stock.

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Quanex Building Products Company Profile

Earnings History for Quanex Building Products (NYSE:NX)

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