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

Quanex Building Products (NYSE:NX) posted its earnings results on Friday. The construction company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13, Zacks reports. Quanex Building Products had a return on equity of 16.74% and a net margin of 7.33%. The business had revenue of $266.20 million during the quarter, compared to analysts’ expectations of $268.80 million. During the same period in the previous year, the business earned $0.66 earnings per share.

Quanex Building Products Stock Up 4.0 %

Shares of NX stock traded up $1.21 during midday trading on Friday, reaching $31.68. 334,976 shares of the stock were exchanged, compared to its average volume of 181,709. Quanex Building Products has a 1 year low of $24.97 and a 1 year high of $39.31. The company’s 50 day moving average is $34.27 and its two-hundred day moving average is $33.26. The company has a current ratio of 2.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.05 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.94 and a beta of 1.36.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.08 per share. The ex-dividend date 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 (DPR) is 13.11%.

Insiders Place Their Bets

In other Quanex Building Products news, SVP Paul Cornett sold 3,064 shares of the company’s stock in a transaction that occurred on 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 owns 43,902 shares in the company, valued at approximately $1,655,983.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NX shares. Benchmark reaffirmed a “buy” rating and set a $38.00 price target 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.

Quanex Building Products Company Profile

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.