Quanex Building Products (NYSE:NX) Issues Earnings Results, Beats Estimates By $0.08 EPS

Quanex Building Products (NYSE:NX) issued its quarterly earnings data on Thursday. The construction company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.08, Zacks reports. Quanex Building Products had a return on equity of 14.06% and a net margin of 2.59%. During the same period last year, the business earned $0.95 earnings per share.

Quanex Building Products Price Performance

Shares of NX opened at $28.26 on Friday. The company has a market cap of $1.34 billion, a P/E ratio of 25.23, a PEG ratio of 0.91 and a beta of 1.24. Quanex Building Products has a fifty-two week low of $24.85 and a fifty-two week high of $39.31. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average price is $29.62 and its 200 day moving average price is $29.03.

Quanex Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Monday, December 16th. Quanex Building Products’s dividend payout ratio (DPR) is currently 28.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NX. Benchmark reaffirmed a “buy” rating and set a $38.00 price objective on shares of Quanex Building Products in a research report on Wednesday, September 11th. StockNews.com lowered Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Saturday.

About Quanex Building Products

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.