Equities analysts expect that Quanex Building Products Co. (NYSE:NX) will post sales of $241.35 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Quanex Building Products’ earnings. The lowest sales estimate is $239.30 million and the highest is $243.40 million. Quanex Building Products reported sales of $244.09 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The business is scheduled to issue its next earnings results on Monday, December 9th.
According to Zacks, analysts expect that Quanex Building Products will report full year sales of $894.84 million for the current financial year, with estimates ranging from $892.77 million to $896.90 million. For the next financial year, analysts anticipate that the business will post sales of $907.45 million, with estimates ranging from $899.30 million to $915.60 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Quanex Building Products.
Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Thursday, September 5th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Quanex Building Products had a positive return on equity of 6.69% and a negative net margin of 1.03%. The firm had revenue of $238.50 million for the quarter, compared to the consensus estimate of $245.73 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis.
Separately, Zacks Investment Research raised Quanex Building Products from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Friday, September 13th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $18.33.
Shares of NX traded up $0.04 during midday trading on Wednesday, hitting $18.85. The stock had a trading volume of 125,795 shares, compared to its average volume of 201,109. The company has a 50 day simple moving average of $18.25 and a two-hundred day simple moving average of $17.47. Quanex Building Products has a twelve month low of $10.70 and a twelve month high of $19.44. The firm has a market cap of $634.02 million, a price-to-earnings ratio of 29.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.15 and a quick ratio of 1.17.
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, September 13th. Quanex Building Products’s dividend payout ratio is 49.23%.
In other Quanex Building Products news, Director Susan F. Davis sold 8,132 shares of Quanex Building Products stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $19.04, for a total value of $154,833.28. Following the sale, the director now owns 33,314 shares of the company’s stock, valued at approximately $634,298.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan F. Davis sold 5,489 shares of Quanex Building Products stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $18.10, for a total value of $99,350.90. Following the completion of the sale, the director now directly owns 30,671 shares in the company, valued at approximately $555,145.10. The disclosure for this sale can be found here. Company insiders own 5.98% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its position in shares of Quanex Building Products by 10.2% in the third quarter. Pacer Advisors Inc. now owns 13,825 shares of the construction company’s stock valued at $250,000 after acquiring an additional 1,281 shares during the last quarter. FMR LLC increased its position in shares of Quanex Building Products by 591.7% in the first quarter. FMR LLC now owns 1,757 shares of the construction company’s stock valued at $28,000 after acquiring an additional 1,503 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Quanex Building Products by 7.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 24,868 shares of the construction company’s stock valued at $450,000 after acquiring an additional 1,772 shares during the last quarter. Smith Asset Management Group LP acquired a new stake in shares of Quanex Building Products in the second quarter valued at about $69,000. Finally, Swiss National Bank increased its position in shares of Quanex Building Products by 7.3% in the second quarter. Swiss National Bank now owns 61,900 shares of the construction company’s stock valued at $1,169,000 after acquiring an additional 4,200 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.
About Quanex Building Products
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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