Equities research analysts predict that Quanex Building Products Co. (NYSE:NX) will announce $245.95 million in sales for the current fiscal 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 reported sales of $239.82 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The firm is scheduled to report 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 fiscal year, with estimates ranging from $910.91 million to $912.10 million. For the next year, analysts anticipate that the firm will post sales of $936.10 million, with estimates ranging from $931.00 million to $941.20 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Quanex Building Products.
Quanex Building Products (NYSE:NX) last released its earnings results on Tuesday, June 4th. The construction company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. Quanex Building Products had a positive return on equity of 5.90% and a negative net margin of 1.15%. The business had revenue of $218.00 million during the quarter, compared to the consensus estimate of $219.53 million. During the same period last year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis.
Separately, Zacks Investment Research cut Quanex Building Products from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Quanex Building Products currently has an average rating of “Hold” and a consensus price target of $18.00.
NYSE:NX traded up $0.22 during trading hours on Friday, reaching $17.27. The stock had a trading volume of 90,600 shares, compared to its average volume of 192,347. 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 stock has a 50 day simple moving average of $18.19 and a 200 day simple moving average of $16.94. Quanex Building Products has a 12-month low of $10.70 and a 12-month high of $19.75. The stock has a market cap of $581.61 million, a P/E ratio of 26.57 and a beta of 1.21.
Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its stake in Quanex Building Products by 591.7% during the first quarter. FMR LLC now owns 1,757 shares of the construction company’s stock valued at $28,000 after buying an additional 1,503 shares during the period. PNC Financial Services Group Inc. boosted its stake 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 valued at $41,000 after buying an additional 1,783 shares during the period. Smith Asset Management Group LP bought a new stake in Quanex Building Products during the second quarter valued at $69,000. Meeder Asset Management Inc. boosted its stake in Quanex Building Products by 257.3% during the second quarter. Meeder Asset Management Inc. now owns 6,282 shares of the construction company’s stock valued at $118,000 after buying an additional 4,524 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Quanex Building Products by 191.4% during the first quarter. BNP Paribas Arbitrage SA now owns 7,727 shares of the construction company’s stock valued at $123,000 after buying an additional 5,075 shares during the period. Institutional investors own 97.67% of the company’s stock.
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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