Quanex Building Products (NYSE:NX) posted its quarterly earnings data on Tuesday. The construction company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07, RTT News reports. Quanex Building Products had a net margin of 1.98% and a return on equity of 5.32%. The business had revenue of $218.00 million for the quarter, compared to analyst estimates of $219.53 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Quanex Building Products’s quarterly revenue was up 1.9% on a year-over-year basis. Quanex Building Products updated its FY 2019 guidance to EPS.

NYSE:NX traded up $0.65 during mid-day trading on Tuesday, hitting $16.53. 168,300 shares of the company’s stock were exchanged, compared to its average volume of 190,412. Quanex Building Products has a one year low of $10.70 and a one year high of $20.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.48 and a quick ratio of 1.35. The firm has a market capitalization of $516.37 million, a P/E ratio of 25.43 and a beta of 1.08.

Several research firms recently commented on NX. Zacks Investment Research raised shares of Quanex Building Products from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. Seaport Global Securities began coverage on shares of Quanex Building Products in a research note on Friday, March 15th. They set a “buy” rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.00.

COPYRIGHT VIOLATION NOTICE: “Quanex Building Products (NX) Releases Earnings Results, Beats Expectations By $0.07 EPS” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.watchlistnews.com/quanex-building-products-nx-releases-earnings-results-beats-expectations-by-0-07-eps/3031588.html.

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.

Further Reading: What is a Roth IRA?

Earnings History for Quanex Building Products (NYSE:NX)

Receive News & Ratings for Quanex Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanex Building Products and related companies with MarketBeat.com's FREE daily email newsletter.