Quanex Building Products (NYSE:NX) Posts Earnings Results, Beats Expectations By $0.05 EPS

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Quanex Building Products (NYSE:NX) issued its quarterly earnings data on Thursday. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05, Briefing.com reports. Quanex Building Products had a positive return on equity of 5.90% and a negative net margin of 1.15%. The company had revenue of $238.50 million during the quarter, compared to analysts’ expectations of $245.73 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The business’s revenue was down .5% on a year-over-year basis.

Shares of NX stock traded up $0.92 during trading on Friday, hitting $18.07. The company had a trading volume of 2,608 shares, compared to its average volume of 122,980. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.30 and a current ratio of 2.32. The firm has a market capitalization of $555.45 million, a P/E ratio of 27.78 and a beta of 1.22. The stock’s 50-day moving average price is $17.56 and its 200 day moving average price is $17.00. Quanex Building Products has a one year low of $10.70 and a one year high of $19.75.

Separately, Zacks Investment Research cut Quanex Building Products from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.

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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Earnings History for Quanex Building Products (NYSE:NX)

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