Quanex Building Products Corporation (NYSE:NX) – Analysts at KeyCorp issued their Q2 2018 earnings estimates for Quanex Building Products in a research report issued to clients and investors on Thursday. KeyCorp analyst K. Zener expects that the construction company will post earnings per share of $0.12 for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Quanex Building Products’ Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $0.71 EPS and FY2019 earnings at $0.81 EPS.

Quanex Building Products (NYSE:NX) last posted its earnings results on Monday, December 11th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. The company had revenue of $233.00 million during the quarter, compared to the consensus estimate of $232.47 million. Quanex Building Products had a net margin of 2.16% and a return on equity of 7.00%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share.

Other equities research analysts also recently issued reports about the stock. Wedbush downgraded shares of Quanex Building Products from an “outperform” rating to a “neutral” rating in a research report on Monday. TheStreet raised shares of Quanex Building Products from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. Finally, Zacks Investment Research downgraded shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Shares of Quanex Building Products (NX) opened at $24.05 on Monday. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The company has a market cap of $828.38, a PE ratio of 31.23 and a beta of 0.70. Quanex Building Products has a 52-week low of $17.45 and a 52-week high of $24.60.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, December 14th. Quanex Building Products’s payout ratio is 30.19%.

In other Quanex Building Products news, VP Brent L. Korb sold 17,500 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $21.15, for a total value of $370,125.00. Following the completion of the sale, the vice president now directly owns 94,679 shares of the company’s stock, valued at approximately $2,002,460.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin P. Delaney sold 50,400 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $24.02, for a total transaction of $1,210,608.00. Following the completion of the sale, the senior vice president now directly owns 111,527 shares of the company’s stock, valued at $2,678,878.54. The disclosure for this sale can be found here. Corporate insiders own 5.32% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NX. Teachers Advisors LLC boosted its stake in Quanex Building Products by 2.3% in the first quarter. Teachers Advisors LLC now owns 54,409 shares of the construction company’s stock valued at $1,102,000 after acquiring an additional 1,238 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Quanex Building Products by 83.4% in the second quarter. Russell Investments Group Ltd. now owns 129,606 shares of the construction company’s stock valued at $2,741,000 after acquiring an additional 58,948 shares during the last quarter. Texas Permanent School Fund boosted its stake in Quanex Building Products by 1.0% in the second quarter. Texas Permanent School Fund now owns 25,148 shares of the construction company’s stock valued at $532,000 after acquiring an additional 238 shares during the last quarter. TD Asset Management Inc. boosted its stake in Quanex Building Products by 9.6% in the second quarter. TD Asset Management Inc. now owns 42,717 shares of the construction company’s stock valued at $903,000 after acquiring an additional 3,747 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Quanex Building Products by 9.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 272,261 shares of the construction company’s stock valued at $5,759,000 after acquiring an additional 22,637 shares during the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

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About Quanex Building Products

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

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