Zacks: Brokerages Expect Quanex Co. (NX) to Announce $0.14 EPS

Analysts expect Quanex Co. (NYSE:NX) to announce earnings of $0.14 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Quanex’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.13. Quanex reported earnings per share of $0.11 in the same quarter last year, which suggests a positive year over year growth rate of 27.3%. The company is expected to report its next earnings results on Tuesday, May 29th.

On average, analysts expect that Quanex will report full-year earnings of $0.93 per share for the current year, with EPS estimates ranging from $0.90 to $0.96. For the next year, analysts forecast that the firm will post earnings of $1.06 per share, with EPS estimates ranging from $1.04 to $1.07. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Quanex.

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Quanex (NYSE:NX) last posted its quarterly earnings data on Monday, March 5th. The construction company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. Quanex had a net margin of 3.17% and a return on equity of 6.72%. The company had revenue of $191.70 million during the quarter, compared to the consensus estimate of $189.95 million. During the same period in the previous year, the firm posted ($0.04) EPS. The firm’s revenue was down 1.7% compared to the same quarter last year.

Several research firms have weighed in on NX. Wedbush downgraded shares of Quanex from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Monday, December 18th. Zacks Investment Research downgraded shares of Quanex from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, TheStreet downgraded shares of Quanex from a “b-” rating to a “c” rating in a research note on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Quanex currently has an average rating of “Hold” and an average price target of $22.50.

Quanex stock remained flat at $$17.95 during mid-day trading on Thursday. 182,998 shares of the company’s stock traded hands, compared to its average volume of 274,194. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.93 and a quick ratio of 0.90. The company has a market capitalization of $629.51, a P/E ratio of 23.31 and a beta of 0.81. Quanex has a 1-year low of $16.50 and a 1-year high of $24.60.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, March 14th. Quanex’s dividend payout ratio is presently 20.78%.

In other news, Director Joseph D. Rupp sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $17.71, for a total transaction of $177,100.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $177,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan F. Davis sold 10,421 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $22.47, for a total transaction of $234,159.87. Following the transaction, the director now directly owns 35,603 shares of the company’s stock, valued at $799,999.41. The disclosure for this sale can be found here. Insiders own 5.32% of the company’s stock.

Large investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Quanex during the fourth quarter valued at about $221,000. Millennium Management LLC bought a new position in shares of Quanex during the fourth quarter valued at about $223,000. Wolverine Trading LLC bought a new position in shares of Quanex during the third quarter valued at about $231,000. Teacher Retirement System of Texas bought a new position in shares of Quanex during the fourth quarter valued at about $248,000. Finally, Aperio Group LLC bought a new position in shares of Quanex during the fourth quarter valued at about $254,000.

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Quanex Company Profile

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; cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry; and precision-formed metal and wood products, as well as solar panel sealants, trim moldings, vinyl decking and fencing products, water retention barriers, and conservatory roof components.

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Earnings History and Estimates for Quanex (NYSE:NX)

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