Quanex Building Products (NX) Releases Earnings Results, Beats Expectations By $0.07 EPS
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.
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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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