Quanex Building Products (NYSE:NX) Issues Earnings Results, Beats Expectations By $0.13 EPS

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

Quanex Building Products Stock Performance

NYSE:NX opened at $31.68 on Friday. The business’s 50-day moving average price is $34.27 and its two-hundred day moving average price is $33.26. Quanex Building Products has a twelve month low of $24.97 and a twelve month high of $39.31. The stock has a market cap of $1.05 billion, a P/E ratio of 12.98, a PEG ratio of 0.94 and a beta of 1.36. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 0.11.

Quanex Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.01%. Quanex Building Products’s payout ratio is currently 13.11%.

Insider Buying and Selling at Quanex Building Products

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com cut Quanex Building Products from a “strong-buy” rating to a “buy” rating in a report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a report on Tuesday, April 23rd.

Read Our Latest Report on NX

Quanex Building Products Company Profile

(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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