What is Sidoti Csr’s Estimate for NX FY2024 Earnings?

Quanex Building Products Co. (NYSE:NX) – Investment analysts at Sidoti Csr reduced their FY2024 earnings estimates for shares of Quanex Building Products in a research report issued to clients and investors on Wednesday, November 27th. Sidoti Csr analyst J. Romero now forecasts that the construction company will post earnings of $2.10 per share for the year, down from their previous forecast of $2.15. The consensus estimate for Quanex Building Products’ current full-year earnings is $2.15 per share. Sidoti Csr also issued estimates for Quanex Building Products’ Q4 2024 earnings at $0.53 EPS and FY2026 earnings at $2.64 EPS.

Several other analysts have also commented on NX. StockNews.com raised Quanex Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Benchmark restated a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a research note on Wednesday, September 11th.

Quanex Building Products Trading Down 6.7 %

NX stock opened at $28.81 on Thursday. Quanex Building Products has a 1-year low of $24.85 and a 1-year high of $39.31. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $29.21 and its 200-day moving average is $29.36. The firm has a market cap of $1.36 billion, a P/E ratio of 12.80, a P/E/G ratio of 0.75 and a beta of 1.25.

Quanex Building Products (NYSE:NX) last posted its earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. The business had revenue of $280.35 million for the quarter, compared to analysts’ expectations of $278.00 million. During the same quarter in the previous year, the firm posted $0.97 earnings per share.

Institutional Investors Weigh In On Quanex Building Products

A number of large investors have recently bought and sold shares of NX. GAMMA Investing LLC boosted its stake in Quanex Building Products by 65.4% in the third quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock worth $28,000 after purchasing an additional 393 shares in the last quarter. Quarry LP raised its holdings in shares of Quanex Building Products by 150.8% in the third quarter. Quarry LP now owns 1,126 shares of the construction company’s stock valued at $31,000 after buying an additional 677 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Quanex Building Products during the 3rd quarter worth about $37,000. Public Employees Retirement System of Ohio lifted its position in Quanex Building Products by 69.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock worth $41,000 after buying an additional 605 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Quanex Building Products during the 2nd quarter worth about $46,000. 97.48% of the stock is currently owned by institutional investors.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, September 16th. Quanex Building Products’s dividend payout ratio (DPR) is currently 14.22%.

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.