Wall Street analysts expect Quanex Building Products Co. (NYSE:NX) to report $217.17 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Quanex Building Products’ earnings, with the highest sales estimate coming in at $217.23 million and the lowest estimate coming in at $217.10 million. Quanex Building Products reported sales of $209.13 million in the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 29th.
On average, analysts expect that Quanex Building Products will report full-year sales of $217.17 million for the current fiscal year, with estimates ranging from $887.20 million to $893.30 million. For the next fiscal year, analysts forecast that the business will post sales of $928.35 million per share, with estimates ranging from $927.50 million to $929.20 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Quanex Building Products.
Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Monday, March 5th. The construction company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.06. Quanex Building Products had a return on equity of 6.86% and a net margin of 3.17%. The company had revenue of $191.70 million for the quarter, compared to analyst estimates of $189.95 million. During the same period last year, the company posted ($0.04) earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year.
Quanex Building Products (NX) traded down $1.35 during trading hours on Friday, reaching $17.15. The company’s stock had a trading volume of 370,261 shares, compared to its average volume of 191,335. The company has a quick ratio of 0.98, a current ratio of 1.80 and a debt-to-equity ratio of 0.54. Quanex Building Products has a one year low of $16.50 and a one year high of $24.60. The stock has a market capitalization of $611.98, a price-to-earnings ratio of 23.72 and a beta of 0.74.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.93%. Quanex Building Products’s dividend payout ratio is presently 20.51%.
In other news, SVP Kevin P. Delaney sold 50,400 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $24.02, for a total transaction of $1,210,608.00. Following the completion of the sale, the senior vice president now directly owns 111,527 shares in the company, valued at $2,678,878.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Dewayne Williams sold 8,100 shares of Quanex Building Products stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $23.36, for a total value of $189,216.00. Following the completion of the transaction, the vice president now owns 16,672 shares of the company’s stock, valued at $389,457.92. The disclosure for this sale can be found here. Insiders have sold 78,921 shares of company stock valued at $1,861,684 over the last 90 days. Insiders own 5.59% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its stake in Quanex Building Products by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 27,790 shares of the construction company’s stock worth $588,000 after purchasing an additional 970 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Quanex Building Products by 3.4% in the second quarter. Parametric Portfolio Associates LLC now owns 63,124 shares of the construction company’s stock worth $1,335,000 after purchasing an additional 2,082 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Quanex Building Products by 1.8% in the third quarter. Russell Investments Group Ltd. now owns 131,996 shares of the construction company’s stock worth $3,029,000 after purchasing an additional 2,390 shares in the last quarter. New York State Common Retirement Fund grew its stake in Quanex Building Products by 10.8% in the second quarter. New York State Common Retirement Fund now owns 38,100 shares of the construction company’s stock worth $806,000 after purchasing an additional 3,699 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Quanex Building Products by 14.5% in the fourth quarter. First Trust Advisors LP now owns 31,234 shares of the construction company’s stock worth $731,000 after purchasing an additional 3,962 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.
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About Quanex Building Products
Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. The Company operates through three segments: North American Engineered Components (NA Engineered Components), which consists of four operating segments primarily focused on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Engineered Components (EU Engineered Components), which consists of the United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components (NA Cabinet Components), which consists of the North American cabinet door and components business.
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