Equities analysts expect that Quanex Building Products Co. (NYSE:NX) will report $0.36 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Quanex Building Products’ earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.35. Quanex Building Products posted earnings of $0.33 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The firm is expected to announce its next quarterly earnings report on Thursday, September 5th.
On average, analysts expect that Quanex Building Products will report full year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.80 to $0.90. For the next fiscal year, analysts expect that the business will post earnings of $0.99 per share, with EPS estimates ranging from $0.87 to $1.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Quanex Building Products.
Quanex Building Products (NYSE:NX) last issued its quarterly earnings data on Tuesday, June 4th. The construction company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $218.00 million for the quarter, compared to analyst estimates of $219.53 million. Quanex Building Products had a positive return on equity of 5.90% and a negative net margin of 1.15%. Quanex Building Products’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in NX. Principal Financial Group Inc. grew its holdings in Quanex Building Products by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 285,491 shares of the construction company’s stock worth $3,880,000 after acquiring an additional 1,556 shares during the period. Millennium Management LLC increased its position in shares of Quanex Building Products by 21.7% during the fourth quarter. Millennium Management LLC now owns 388,708 shares of the construction company’s stock valued at $5,283,000 after purchasing an additional 69,250 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of Quanex Building Products during the fourth quarter valued at approximately $866,000. State Board of Administration of Florida Retirement System increased its position in shares of Quanex Building Products by 7.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 37,167 shares of the construction company’s stock valued at $591,000 after purchasing an additional 2,539 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Quanex Building Products by 10.1% during the fourth quarter. California Public Employees Retirement System now owns 77,880 shares of the construction company’s stock valued at $1,058,000 after purchasing an additional 7,129 shares during the period. 98.02% of the stock is currently owned by hedge funds and other institutional investors.
NX stock traded down $0.30 during midday trading on Monday, reaching $17.85. 110,527 shares of the stock were exchanged, compared to its average volume of 221,365. The company has a market cap of $591.19 million, a PE ratio of 27.46 and a beta of 1.22. Quanex Building Products has a 52 week low of $10.70 and a 52 week high of $19.75. The company has a quick ratio of 1.30, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $17.74.
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, June 13th. Quanex Building Products’s payout ratio is presently 49.23%.
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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