Wall Street brokerages expect that Quanex Building Products Corporation (NYSE:NX) will post $238.85 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Quanex Building Products Corporation’s earnings. The highest sales estimate is $240.20 million and the lowest is $237.50 million. Quanex Building Products Corporation posted sales of $249.17 million during the same quarter last year, which would suggest a negative year over year growth rate of 4.1%. The firm is expected to issue its next earnings results on Thursday, December 21st.

According to Zacks, analysts expect that Quanex Building Products Corporation will report full year sales of $238.85 million for the current year, with estimates ranging from $871.10 million to $878.70 million. For the next fiscal year, analysts forecast that the business will post sales of $911.30 million per share, with estimates ranging from $909.90 million to $912.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Quanex Building Products Corporation.

Quanex Building Products Corporation (NYSE:NX) last posted its earnings results on Wednesday, September 6th. The construction company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Quanex Building Products Corporation had a return on equity of 7.87% and a net margin of 1.52%. The firm had revenue of $229.40 million for the quarter, compared to analyst estimates of $235.45 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was down 7.5% on a year-over-year basis.

NX has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Sidoti initiated coverage on shares of Quanex Building Products Corporation in a report on Monday, August 7th. They issued a “buy” rating on the stock. Wedbush raised shares of Quanex Building Products Corporation from a “neutral” rating to an “outperform” rating and cut their price target for the company from $25.00 to $24.00 in a report on Friday, September 8th. KeyCorp reaffirmed a “hold” rating on shares of Quanex Building Products Corporation in a report on Friday, September 22nd. Finally, BidaskClub cut shares of Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Quanex Building Products Corporation currently has a consensus rating of “Hold” and an average price target of $24.00.

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Quanex Building Products Corporation (NYSE NX) traded down $0.25 during midday trading on Tuesday, hitting $21.55. 92,223 shares of the stock were exchanged, compared to its average volume of 153,353. The firm has a market capitalization of $742.26, a PE ratio of 25.29 and a beta of 0.70. The company has a current ratio of 1.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. Quanex Building Products Corporation has a twelve month low of $15.80 and a twelve month high of $23.60.

In related news, VP Brent L. Korb sold 17,500 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $21.15, for a total value of $370,125.00. Following the sale, the vice president now directly owns 94,679 shares of the company’s stock, valued at $2,002,460.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.32% of the company’s stock.

Several large investors have recently modified their holdings of the business. Texas Permanent School Fund raised its holdings in shares of Quanex Building Products Corporation by 1.0% during the second quarter. Texas Permanent School Fund now owns 25,148 shares of the construction company’s stock worth $532,000 after purchasing an additional 238 shares during the period. Falcon Point Capital LLC raised its holdings in shares of Quanex Building Products Corporation by 0.5% during the second quarter. Falcon Point Capital LLC now owns 58,289 shares of the construction company’s stock worth $1,233,000 after purchasing an additional 294 shares during the period. Arizona State Retirement System raised its holdings in shares of Quanex Building Products Corporation by 1.7% during the first quarter. Arizona State Retirement System now owns 17,936 shares of the construction company’s stock worth $363,000 after purchasing an additional 300 shares during the period. Prudential Financial Inc. raised its holdings in shares of Quanex Building Products Corporation by 0.6% during the first quarter. Prudential Financial Inc. now owns 58,566 shares of the construction company’s stock worth $1,186,000 after purchasing an additional 340 shares during the period. Finally, Anchor Capital Advisors LLC raised its holdings in shares of Quanex Building Products Corporation by 0.5% during the second quarter. Anchor Capital Advisors LLC now owns 131,083 shares of the construction company’s stock worth $2,772,000 after purchasing an additional 639 shares during the period. 99.74% of the stock is currently owned by institutional investors.

About Quanex Building Products Corporation

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Earnings History and Estimates for Quanex Building Products Corporation (NYSE:NX)

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