Quanex Building Products Co. (NX) Expected to Post Quarterly Sales of $220.40 Million
Equities analysts expect Quanex Building Products Co. (NYSE:NX) to report $220.40 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Quanex Building Products’ earnings. The lowest sales estimate is $219.20 million and the highest is $221.60 million. Quanex Building Products reported sales of $214.21 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The firm is scheduled to issue its next quarterly earnings results on Monday, June 3rd.
According to Zacks, analysts expect that Quanex Building Products will report full-year sales of $925.11 million for the current year. For the next year, analysts expect that the firm will post sales of $952.30 million, with estimates ranging from $939.90 million to $964.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Quanex Building Products.
Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Tuesday, March 5th. The construction company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.04. The business had revenue of $196.81 million during the quarter, compared to analyst estimates of $195.80 million. Quanex Building Products had a net margin of 1.98% and a return on equity of 5.32%.
Hedge funds have recently bought and sold shares of the stock. Huntington National Bank bought a new position in Quanex Building Products during the fourth quarter worth $29,000. PNC Financial Services Group Inc. increased its position in Quanex Building Products by 213.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,617 shares of the construction company’s stock worth $41,000 after acquiring an additional 1,783 shares during the period. Meeder Asset Management Inc. bought a new position in Quanex Building Products during the fourth quarter worth $41,000. O Shaughnessy Asset Management LLC bought a new position in Quanex Building Products during the fourth quarter worth $50,000. Finally, Quantamental Technologies LLC bought a new position in Quanex Building Products during the fourth quarter worth $57,000. Institutional investors and hedge funds own 95.07% of the company’s stock.
NYSE:NX traded down $0.24 during mid-day trading on Thursday, hitting $16.50. The stock had a trading volume of 4,165 shares, compared to its average volume of 203,512. The company has a market cap of $551.32 million, a PE ratio of 25.38 and a beta of 1.07. Quanex Building Products has a 52 week low of $10.70 and a 52 week high of $20.30. The company has a quick ratio of 1.35, a current ratio of 2.48 and a debt-to-equity ratio of 0.59.
Quanex Building Products 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, 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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