Quanex Building Products (NX) Expected to Announce Earnings on Monday

Quanex Building Products (NYSE:NX) is expected to post its quarterly earnings results after the market closes on Monday, March 10th. Analysts expect Quanex Building Products to post earnings of ($0.06) per share and revenue of $382.02 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. During the same quarter last year, the business posted $0.95 EPS. On average, analysts expect Quanex Building Products to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Quanex Building Products Stock Performance

NYSE:NX opened at $20.19 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $953.15 million, a PE ratio of 18.03, a PEG ratio of 0.68 and a beta of 1.33. The firm’s fifty day simple moving average is $21.95 and its 200 day simple moving average is $26.13. Quanex Building Products has a 1 year low of $18.14 and a 1 year high of $39.31.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, March 17th. Quanex Building Products’s payout ratio is presently 28.57%.

Insider Buying and Selling

In other news, CEO George Laverne Wilson purchased 4,328 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the completion of the purchase, the chief executive officer now directly owns 287,644 shares in the company, valued at $6,624,441.32. The trade was a 1.53 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Sunday, December 22nd.

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.