Quanex Building Products Corp. (NX) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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Quanex Building Products Corp. (NYSE:NX) released its earnings results on Tuesday. The company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $248.10 million for the quarter, compared to analysts’ expectations of $253.99 million. During the same period last year, the firm earned $0.28 EPS.
Quanex Building Products Corp. (NYSE:NX) traded up 0.51% during midday trading on Tuesday, reaching $19.68. The company had a trading volume of 211,941 shares. The company has a market cap of $666.76 million and a PE ratio of 49.45. The company’s 50-day moving average is $20.10 and its 200 day moving average is $18.82. Quanex Building Products Corp. has a 52-week low of $15.33 and a 52-week high of $21.66.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.81%.

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Several equities analysts have weighed in on NX shares. Zacks Investment Research cut Quanex Building Products Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Imperial Capital reissued an “outperform” rating and issued a $25.00 price target on shares of Quanex Building Products Corp. in a research note on Tuesday, May 24th. Wedbush reissued an “outperform” rating and issued a $23.00 price target on shares of Quanex Building Products Corp. in a research note on Wednesday, June 1st. TheStreet raised Quanex Building Products Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. Finally, KeyCorp raised Quanex Building Products Corp. from a “sector weight” rating to an “overweight” rating and set a $24.00 price target for the company in a research note on Friday, June 10th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Quanex Building Products Corp. presently has an average rating of “Buy” and an average price target of $24.00.
Quanex Building Products Corporation manufactures components primarily for the window and door (fenestration) industry, including insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products for original equipment manufacturers (OEMs). The Company’s segments include Engineered Products, International Extrusion, and Corporate & Other.

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