Quanex Building Products (NYSE:NX) Issues Earnings Results

Quanex Building Products (NYSE:NX) issued its quarterly earnings data on Wednesday. The construction company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04, Briefing.com reports. Quanex Building Products had a negative net margin of 5.23% and a positive return on equity of 8.53%. The firm had revenue of $240.37 million for the quarter, compared to analyst estimates of $240.53 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue was down 1.5% on a year-over-year basis. Quanex Building Products updated its FY 2020
After-Hours guidance to EPS.

Shares of NYSE:NX opened at $19.66 on Friday. Quanex Building Products has a 12 month low of $12.69 and a 12 month high of $20.42. The company’s 50-day moving average price is $19.15 and its two-hundred day moving average price is $18.19. The company has a quick ratio of 1.17, a current ratio of 2.15 and a debt-to-equity ratio of 0.53. The firm has a market cap of $654.95 million, a P/E ratio of 20.79 and a beta of 1.22.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, December 13th. Quanex Building Products’s dividend payout ratio is currently 33.68%.

In other Quanex Building Products news, SVP Kevin P. Delaney sold 32,400 shares of the company’s stock in a transaction dated 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 directly owns 151,103 shares in the company, valued at approximately $2,896,644.51. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Paul Cornett sold 1,500 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $19.23, for a total transaction of $28,845.00. Following the transaction, the senior vice president now owns 13,197 shares in the company, valued at $253,778.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,032 shares of company stock worth $804,786. Corporate insiders own 5.59% of the company’s stock.

A number of equities research analysts have commented on NX shares. Zacks Investment Research raised shares of Quanex Building Products from a “sell” rating to a “hold” rating in a report on Thursday. CJS Securities lowered shares of Quanex Building Products from an “outperform” rating to a “market perform” rating and set a $20.00 price objective on the stock. in a report on Tuesday.

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, 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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