Quanex Building Products (NX) to Release Earnings on Thursday

Quanex Building Products (NYSE:NX) is projected to release its earnings data before the market opens on Thursday, March 6th. Analysts expect Quanex Building Products to post earnings of ($0.06) per share and revenue of $382.02 million for the quarter.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.08. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. During the same period last year, the firm posted $0.95 earnings per share. 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

Shares of NX opened at $20.08 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The stock has a 50-day moving average of $22.70 and a 200-day moving average of $26.50. The company has a market cap of $947.96 million, a PE ratio of 17.93, a P/E/G ratio of 0.68 and a beta of 1.28. Quanex Building Products has a one year low of $19.57 and a one year high of $39.31.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 1.59%. Quanex Building Products’s dividend payout ratio (DPR) is currently 28.57%.

Insider Buying and Selling at Quanex Building Products

In other news, CEO George Laverne Wilson purchased 4,328 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $23.03 per share, with a total value of $99,673.84. Following the completion of the acquisition, the chief executive officer now owns 287,644 shares in the company, valued at $6,624,441.32. This trade represents a 1.53 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.