Quanex Building Products (NYSE:NX) Announces Earnings Results

Quanex Building Products (NYSE:NXGet Free Report) released its earnings results on Friday. The construction company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.13, Zacks reports. Quanex Building Products had a net margin of 7.33% and a return on equity of 16.74%. The company had revenue of $266.20 million during the quarter, compared to analyst estimates of $268.80 million. During the same period in the prior year, the firm posted $0.66 EPS.

Quanex Building Products Stock Performance

Shares of NYSE NX opened at $31.68 on Friday. The company has a market cap of $1.05 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.94 and a beta of 1.36. Quanex Building Products has a 52-week low of $24.97 and a 52-week high of $39.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.31 and a current ratio of 2.27. The firm’s fifty day moving average is $34.27 and its two-hundred day moving average is $33.26.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.01%. Quanex Building Products’s dividend payout ratio is 13.11%.

Analyst Ratings Changes

A number of research firms recently weighed in on NX. Benchmark restated a “buy” rating and set a $38.00 target price on shares of Quanex Building Products in a research note on Tuesday, April 23rd. StockNews.com lowered Quanex Building Products from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

View Our Latest Report on NX

Insider Buying and Selling at Quanex Building Products

In related news, SVP Paul Cornett sold 3,064 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $37.72, for a total value of $115,574.08. Following the sale, the senior vice president now directly owns 43,902 shares in the company, valued at $1,655,983.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.15% of the company’s stock.

About Quanex Building Products

(Get Free Report)

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.

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Earnings History for Quanex Building Products (NYSE:NX)

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