Quanex Building Products Co. (NYSE:NX) Expected to Announce Quarterly Sales of $245.95 Million
Analysts expect that Quanex Building Products Co. (NYSE:NX) will report sales of $245.95 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Quanex Building Products’ earnings. The highest sales estimate is $246.90 million and the lowest is $245.00 million. Quanex Building Products posted sales of $239.82 million during the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The company is scheduled to announce its next earnings results on Thursday, September 5th.
On average, analysts expect that Quanex Building Products will report full year sales of $911.51 million for the current year, with estimates ranging from $910.91 million to $912.10 million. For the next year, analysts expect that the firm will post sales of $936.10 million, with estimates ranging from $931.00 million to $941.20 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Quanex Building Products.
Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Tuesday, June 4th. The construction company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $218.00 million during the quarter, compared to analysts’ expectations of $219.53 million. Quanex Building Products had a negative net margin of 1.15% and a positive return on equity of 5.90%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS.
Large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Quanex Building Products by 591.7% in the 1st quarter. FMR LLC now owns 1,757 shares of the construction company’s stock valued at $28,000 after purchasing an additional 1,503 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Quanex Building Products by 213.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,617 shares of the construction company’s stock worth $41,000 after purchasing an additional 1,783 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Quanex Building Products by 191.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,727 shares of the construction company’s stock worth $123,000 after purchasing an additional 5,075 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Quanex Building Products by 372.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,589 shares of the construction company’s stock worth $157,000 after purchasing an additional 9,134 shares in the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of Quanex Building Products in the 2nd quarter worth $181,000. 98.02% of the stock is owned by institutional investors.
NYSE:NX traded down $0.07 during trading hours on Wednesday, hitting $17.78. 163,426 shares of the company traded hands, compared to its average volume of 200,022. 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 business’s 50-day simple moving average is $17.74. Quanex Building Products has a one year low of $10.70 and a one year high of $19.75. The firm has a market cap of $591.85 million, a P/E ratio of 27.35 and a beta of 1.22.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Thursday, June 13th. Quanex Building Products’s payout ratio is 49.23%.
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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