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

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

Quanex Building Products Price Performance

NYSE NX opened at $31.68 on Friday. The company has a market cap of $1.05 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.91 and a beta of 1.36. Quanex Building Products has a 52 week low of $24.97 and a 52 week high of $39.31. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $34.40 and its two-hundred day simple moving average is $33.25.

Quanex Building Products Announces Dividend

The firm also recently disclosed 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. This represents a $0.32 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, June 14th. Quanex Building Products’s dividend payout ratio (DPR) is presently 13.11%.

Wall Street Analyst Weigh In

A number of analysts have commented on NX shares. Benchmark restated 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 shares of Quanex Building Products from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

View Our Latest Stock Report on Quanex Building Products

Insider Buying and Selling at Quanex Building Products

In other news, SVP Paul Cornett sold 3,064 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $37.72, for a total value of $115,574.08. Following the sale, the senior vice president now directly owns 43,902 shares of the company’s stock, valued at $1,655,983.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.15% of the company’s stock.

About Quanex Building Products

(Get Free Report)

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.

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Earnings History for Quanex Building Products (NYSE:NX)

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